Looking to add a little rage to your life? Take your blood pressure medication and check out these new titles.
Veteran Rolling Stone reporter Matt Taibbi is your tour guide into The Divide — the bizarro-America where a joint in a man’s pocket lands him in Rikers but money laundering $850 million for a drug cartel earns not a single day in prison. Taibbi traces the history of Too Big to Jail and criminalization of poverty. Taibbi’s biting wit and fierce insight is at full strength in his latest work.
“Stock market’s rigged,” declared Michael Lewis in his 60 Minutes interview. In Flash Boys, Lewis shines a light on the dark world of high-frequency trading (HFT) — buying and selling stock at rates 100 times faster than the blink of an eye. The story focuses on Brad Katsuyama, an investor at a Canadian Bank who wonders why it seems like the market reads his mind. Why does the price spike immediately before he buys shares? The answer is that HFTs are front-running, beating investors to the punch and selling them inflated stock. Master storyteller Lewis makes financial reporting a thrilling page-turner.
Posted by: Trevor