January 6, 2010
by Hudson Institute
WASHINGTON, January 6 -- The cascading financial meltdown of 2008-09 has left us with an economic crisis that has changed the way our economy works. In his fourth book in four years, Unspeakable Truths, Northeastern University professor Joseph M. Giglio unravels the makings of the crisis and argues that our thinking about transforming transportation in America must evolve to reflect these dramatic changes.
"Professor Giglio has written yet another provocative, accessible book dealing with the financial crisis and its implications for infrastructure investment," says the Honorable James Simpson, former Federal Transit Administrator and Chairman of Spartan Solutions, an infrastructure management company. "It's a must read for anyone concerned about America's economic well-being."
Giglio offers a history of our current crisis, the impact it's likely to have on critical aspects of life in America, and the implications for transportation. He provides clear, detailed explanations of oil price volatility, financial derivatives, the housing and mortgage mess, and the harsh realities of markets in the twenty-first century.
Transforming our transportation systems into serious economic growth generators, suggests Giglio, is a way to produce wealth in this new era. Giglio does all this in a clear, reader-friendly style making Unspeakable Truths an enjoyable, page-turning read for busy people.
Joseph M. Giglio is the author of Fast Lane to the Future, Mobility, Driving Questions, and Judges of the Secret Court, all published by Hudson Institute Press and available for purchase through Amazon or at www.Hudson.org/bookstore.
Hudson Institute is a nonpartisan policy research organization dedicated to innovative research and analysis that promotes global security, prosperity, and freedom. http://www.hudson.org.
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