An "intriguing plan" addressing shadow banking, regulation, and the continuing quest for financial stability ( Financial Times).Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central questions remain unanswered. Should money creation be considered a "public" or "private" activity—or both? What do we mean by, and want from, financial stability? What role should re...

The Douglas A-3 Skywarrior, though something of a cult favourite, remains a largely unremarked classic of naval aviation.Built for nuclear weapon delivery, the A-3 made its name in Vietnam as a conventional bomber, tanker and Electronic Warfare platform. It was the largest aircraft ever regularly operated from the decks of aircraft carriers, earning it the fleet-wide nickname 'Whale'. It excelled in every mission area assigned to it and operated in the US Navy for ...

The complete story of A-6 combat operations during the Vietnam War, illustrated throughout.Designed in the years following the Korean War and then manufactured for over 30 years starting in 1960, the A-6 quickly became the most capable attack aircraft in the US Navy's stable. The first squadron, VA-75, made its initial deployment directly into combat in south-east Asia in 1965, and, over the next eight years, ten US Navy and four Marine Intruder squadrons would con...

In the three decades following Vietnam, the veteran A-6 Intruder remained the most powerful strike aircraft available to the US Navy and Marine Corps.Engaged in operations over Cambodia, Lebanon and Libya during the 1970s and 80s, the A-6 maintained its reputation as the 'Main Battery' of carrier aviation, remaining in service through the First Gulf War up until 1996 when its duties were taken over by the F-14 Tomcat.Following on from his study of the A-6 I...

The Douglas A-3 Skywarrior, though something of a cult favourite, remains a largely unremarked classic of naval aviation.Built for nuclear weapon delivery, the A-3 made its name in Vietnam as a conventional bomber, tanker and Electronic Warfare platform. It was the largest aircraft ever regularly operated from the decks of aircraft carriers, earning it the fleet-wide nickname 'Whale'. It excelled in every mission area assigned to it and operated in the US Navy for ...

Officially the war in Laos did not exist – both North Vietnam and the USA denied they had troops there. In fact, thousands of North Vietnamese were invading the country and pouring down the Ho Chi Minh Trail on their way to the south, and the Americans were fighting a vigorous war against them from the air. The Ravens were the pilots, all volunteers, who flew through heavy groundfire to identify targets and call in air-strikes. Their mission was so secret that they were ‘sold’ their prop-d...

There were no dry runs for Seawolves in Vietnam.They put their lives on the line—every time.In the Viet Cong-infested Mekong Delta, where small SEAL teams were alwaysoutgunned and outnumbered, discovery brought swift, deadly consequences— and a radio call for backup from the United States Navy’s very best: the Seawolves. The whir of approaching rotor blades signaled their arrival as they tore through the jungle at treetop level, gunners hanging off the skids...

“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers:

Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis--but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street...

Ed Rasimus straps the reader into the cockpit of an F-105 Thunderchief fighter-bomber in his engaging account of the Rolling Thunder campaign in the skies over North Vietnam. Between 1965 and 1968, more than 330 F-105s were lost—the highest loss rate in Southeast Asia—and many pilots were killed, captured, and wounded because of the Air Force’s disastrous tactics. The descriptions of Rasimus’s one hundred missions, some of the most dangerous of the conflict, will satisfy anyone addicted to...

Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919–96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people have a good grasp of his writings, and fewer still understand their full importance. Why Minsky Matters makes the maveri...

They called themselves Seawolves . . .The men of SEALs, PBRs, and SF called them saviors . . .Created in 1967, the HAL-3 helicopter squadron--aka Seawolves--provided quick-reaction close air support to SEALs, PBR River Rats, and Special Forces advisers and their troops. During the five years of the unit's existence, the seven detachments of Seawolves amassed stunning statistics: 78,000 missions, 8,200 enemy kills, 8,700 sampans sunk, and 9,500 structures destroyed. These 200...