Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.

An examination of the disoriented subject of modernity: a dissolute figure who makes an makes an object of its absence; from Baudelaire to Broodthaers. In Liquidation World, Alexi Kukuljevic examines a distinctive form of subjectivity animating the avant-garde: that of the darkly humorous and utterly disoriented subject of modernity, a dissolute figure that makes an art of its own vacancy, an object of its absence. Shorn of the truly rotten illusion that the world is a fulfilling and meaningful place, these subjects identify themselves by a paradoxical disidentification—through the objects that take their places. They have mastered the art of living absently, of making something with nothing. Traversing their own morbid obsessions, they substitute the nonsensical for sense, the ridiculous for the meaningful. Kukuljevic analyzes a series of artistic practices that illuminate this subjectivity, ranging from Marcel Duchamp's Three Standard Stoppages to Charles Baudelaire's melancholia. He considers the paradox of Duchamp's apparatus in the Stoppages and the strange comedy of Marcel Broodthaers's relation to the readymade; the comic subject in Jacques Vaché and the ridiculous subject in Alfred Jarry; the nihilist in Paul Valéry's Monsieur Teste; Oswald Wiener's interpretation of the dandy; and Charles Baudelaire as a happy melancholic. Along the way, he also touches on the work of Thomas Bernhard, Andy Kaufman, Buster Keaton, and others. Finally, he offers an extended analysis of Danny's escape from his demented father in Stanley Kubrick's The Shining. Each of these subjects is, in Freud's terms, sick—sick in the specific sense that they assume the absence of meaning and the liquidation of value in the world. They concern themselves with art, without assuming its value or meaning. Utterly debased, fundamentally disoriented, they take the void as their medium.

Is religion dying out in Western societies? Is personal spirituality taking its place? Both stories are inadequate. Institutional religion is not simply coming to an end in Western societies. Rather, its assets and properties are redistributed: large parts of the church have gone into liquidation. Religion is crossing the boundaries of the parish and appears in other social contexts. In the fields of leisure, health care and contemporary culture, religion has an unexpected currency. The metaphor of liquidation provides an alternative to approaches that merely perceive the decline of religion or a spiritual revolution. Religion is becoming liquid. By examining a number of case studies in the Netherlands and beyond, including World Youth Day, television, spiritual centers, chaplaincy, mental healthcare, museums and theatre, this book develops a fresh way to look at religion in late modernity and produces new questions for theological and sociological debate. It is both an exercise in sociology and an exercise in practical theology conceived as the engaged study of religious praxis. As such, the aim is not only to get a better understanding of what is going on, but also to critique one-sided views and to provide alternative perspectives for those who are active in the religious field or its surroundings.

Ten years have passed since the fall of Communism. B., a writer of great repute -whose birth and survival in Auschwitz defied all probability -has taken his own life. His friend Kingbitter discovers among his papers a play entitled Liquidation, in which he reads an erie foretelling of the personal and political crises that he and B.'s other friends now face. Having survived the Holocaust and the years of Communist rule, having experienced the surge of hope that rose up from the rubble of the Wall, they are left with little other than a sense of chaos and an utter loss of identity.Kingbitter's find precipitates a frantic search for the novel that B. may or may not have left behind. That B. was having an affair with Sarah, one of Kingbitter's companions, while Kingbitter himself was having an affair with B.'s ex-wife Judit, serves only to complicate matters further.An intricately layered story of history and humanity -powerful, disturbing, lyrical, achingly suspenseful and brilliantly told.

Pawn endings do not arise out of nowhere. Before emerging as endgames with just kings and pawns, they 'pre-existed' in positions that still contained any number of pieces. Liquidation is the purposeful transition into a pawn ending. It is a vital technique that is seldom taught. Strange, because knowing when and how to liquidate can help you win games or save draws. In this book, former US Chess Champion Joel Benjamin teaches you all you need to know about successfully liquidating into pawn endgames. He focuses on the practical aspects: what to aim for and how to get there. When to start trading pieces and how to recognize favorable and unfavorable liquidations. Enter a fascinating world of tempo play (triangulation, zugzwang and opposition), breakthroughs, king activity, passed pawn dynamics, sacrifices and counter-sacrifices. Exercises will test your growing skills. This is a ground-breaking, entertaining and instructive guide.

On title page: Demo-Droit programme. Council of Europe legal co-operation with central and eastern European countries

In the late April of 1986, the world learned about the quaint town in the Central Ukraine — Chernobyl. The largest nuclear catastrophe in the history of mankind, which affected the lives of millions and millions, had forced the USSR government to take unprecedented actions. One of them was the formation of a cleanup crew from the Army reservists. They were tasked with a titanic chore of cleaning the Chernobyl Nuclear Power Plant from radioactive debris after the explosion of Reactor #4. Sergei Belyakov, then a PhD scientist, volunteered to become one of the many 'nuclear jumpers' of that long-forgotten crew. This book sums up his recollections about that nuclear jumper stint. It is written not as a traditional memoir, but as an alloy of personal views and feelings, templated over the information about the Chernobyl disaster from the official sources of those days. It will give the Western readers a chilling sense of the magnitude of the event that brought down the almighty Soviet Union.Related Link(s)