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Glass House: The 1% Economy and the Shattering of the All-American Town

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  •  Glass House: The 1% Economy and the Shattering of the All-American Town
    Title: Glass House: The 1% Economy and the Shattering of the All-American Town
    Author: ALEXANDER BRIAN
    Format: PAPERBACK
    Publication date: 30/01/2018
    Imprint: ST MARTINS PRESS
    Price: $25.00
    Publishing status: Active

    In 1947, Forbes magazine declared Lancaster, Ohio the epitome of the all-American town. Today it is damaged, discouraged, and fighting for its future. In <i>Glass House</i>, journalist Brian Alexander uses the story of one town to show how seeds sown thirty-five years ago have sprouted to give us Trumpism, inequality, and an eroding national cohesion.

    The Anchor Hocking Glass Company, once the world’s largest maker of glass tableware, was the base on which Lancaster’s society was built. As <i>Glass House </i>unfolds, bankruptcy looms. With access to the company and its leaders, and Lancaster’s citizens, Alexander shows how financial engineering took hold in the 1980s, accelerated in the 21st Century, and wrecked the company. We follow CEO Sam Solomon, an African-American leading the nearly all-white town’s biggest private employer, as he tries to rescue the company from the New York private equity firm that hired him. Meanwhile, Alexander goes behind the scenes, entwined with the lives of residents as they wrestle with heroin, politics, high-interest lenders, low wage jobs, technology, and the new demands of American life: people like Brian Gossett, the fourth generation to work at Anchor Hocking; and Eric Brown, a local football hero-turned-cop who comes to realize that he can never arrest Lancaster’s real problems.

    ISBN: 9781250165770
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