RODNEY K.

The top 1 percent of Americans control 40 percent of the nation's wealth. And, as Joseph E. Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that "their fate is bound up with how the other 99 percent live." Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable. He examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.

On the morning of October 24, 1944, in the Sibuyan Sea amidst the Philippine Islands, VT-18, a close-knit squadron of six young American torpedo bomber pilots, departed the aircraft carrier USS Intrepid on a search and destroy mission. Their target: the super-battleship Musashi, the pride of the Imperial Japanese Navy. The pilots were tasked with preventing the immense enemy warship and the huge naval armada of which she was a part from inflicting unspeakable damage.

From its beginnings, America has acted out much of its history on the battlefront. Yet for the average American, little is known of the Spanish-American War. The reasons for our entry never seemed compelling - at times, yellow fever seemed more the enemy than did Spanish troops - and the United States was ill prepared for the venture. Nevertheless, this conflict served to unify a country that only 30 years before had been hopelessly divided by civil strife.

Signs that the recession is about to end are here. So what comes next? Growth will resume. But economic uncertainty will worsen, making what comes next not just a boom but a nerve-shattering Sonic Boom. Gregg Easterbrook who "writes nothing that is not brilliant" (Chicago Tribune) is a fount of unconventional wisdom, and over time, he is almost always proven right.