Once viewed as a “brain drain,” migrants are increasingly viewed as a resource for promoting economic development back in their home countries. In Investing in the Homeland, Benjamin Graham finds that diasporans—migrants and their descendants—play a critical role in linking foreign firms to social networks in developing countries, allowing firms to flourish even in challenging political environments most foreign investors shun. Graham’s analysis draws on new data from face-to-face interviews with the managers of over 450 foreign firms operating in two developing countries: Georgia and the Philippines. Diaspora-owned and diaspora-managed firms are better connected than other foreign firms and they use social ties to resolve disputes and influence government policy. At the same time, Graham shows that diaspora-affiliated firms are no more socially responsible than their purely foreign peers—at root, they are profit-seeking enterprises, not development NGOs. Graham identifies implications for policymakers seeking to capture the development potential of diaspora investment and for managers of multinational firms who want to harness diasporans as a source of sustained competitive advantage.

Examines the planning and budgeting processes of the United States. This title describes the planning and resource integration activities of the White House, reviews the adequacy of the structures and process and makes proposals for ways both might be reformed to fit the demands of the 21st century security environment.

In 2003, the President and the U.S. Congress established the Department of Homeland Security. From the beginning, its mission was clear: prevent terrorist attacks, protect against threats to America's safety and security, and prepare the nation to respond effectively to disasters, both natural and man-made. This monumental mission demands a comprehensive strategy. It also requires a crystal-clear explanation of that strategy to Americans and their allies worldwide. In a revealing new book, Homeland Security: Assessing the First Five Years, Michael Chertoff provides that explanation. In a refreshingly candid and engaging manner, America's former homeland security secretary depicts the department's long-term approach, what it has achieved, and what it has yet to do. The strategy begins with the threats America faces, from terrorist groups like al Qaeda to hurricanes like Ike or Gustav. "Once these threats are identified," Chertoff writes, "we can confront them, using every tool at our disposal. We can stop terrorists from entering the country, and discourage people from embracing terrorism by combating its lethal ideology. We can protect our critical assets and reduce our vulnerabilities to natural disasters. We can plan and prepare for emergencies and respond in a way that minimizes the consequences. And we can work closely with our allies abroad to reduce the risk of future disasters." In each of these areas, Chertoff informs the reader what the nation has done and what it still must do to secure its future. How well has this strategy fared in a post-9/11 world? Since that fateful day, there have been no global terror attacks on American soil. Yet in the face of continued dangers, Michael Chertoff warns repeatedly against complacency. He urges America and its leaders to strengthen their resolve, stay the course, and build creatively on past successes.

Stocks markets go up and down, but no matter what the economy is doing, people worldwide continue to drink, smoke, gamble, and fight. Why not invest in vice? Vice Fund Manager, Dan Ahrens focuses on "sin stocks"- tobacco, alcohol, adult entertainment, gambling, and aerospace/defense, contending that even during an abysmal economy, people will continue to indulge in these goods and services. In Investing in Vice, Ahrens explores all major aspects of the vice industry and provides traders and investors with: o A brief history of each principal vice industry o Strategies for building a profitable portfolio o Charts of each industry's stock performance o Instructions on how to invest in vice-pros and cons of full service brokers, managed portfolios, and mutual funds o Top Picks-of the best companies, and top stock holdings o Reasons why Socially Responsible Investing may not work With its lighthearted tone and simple approach, Investing in Vice is the ultimate defense in these troubled economic times.

Former Secretary of the Department of Homeland Security Janet Napolitano offers an insightful analysis of American security at home and a prescription for the future. Created in the wake of the greatest tragedy to occur on U.S. soil, the Department of Homeland Security was handed a sweeping mandate: make America safer. It would encompass intelligence and law enforcement agencies, oversee natural disasters, commercial aviation, border security and ICE, cybersecurity, and terrorism, among others. From 2009-2013, Janet Napolitano ran DHS and oversaw 22 federal agencies with 230,000 employees. In How Safe Are We?, Napolitano pulls no punches, reckoning with the critics who call it Frankenstein's Monster of government run amok, and taking a hard look at the challenges we'll be facing in the future. But ultimately, she argues that the huge, multifaceted department is vital to our nation's security. An agency that's part terrorism prevention, part intelligence agency, part law enforcement, public safety, disaster recovery make for an odd combination the protocol-driven, tradition-bound Washington D.C. culture. But, she says, it has made us more safe, secure, and resilient. Napolitano not only answers the titular question, but grapples with how these security efforts have changed our country and society. Where are the failures that leave us vulnerable and what has our 1 trillion dollar investment yielded over the last 15 years? And why haven't we had another massive terrorist attack in the U.S. since September 11th, 2001? In our current political climate, where Donald Trump has politicized nearly every aspect of the department, Napolitano's clarifying, bold vision is needed now more than ever.

Once viewed as a “brain drain,” migrants are increasingly viewed as a resource for promoting economic development back in their home countries. In Investing in the Homeland, Benjamin Graham finds that diasporans—migrants and their descendants—play a critical role in linking foreign firms to social networks in developing countries, allowing firms to flourish even in challenging political environments most foreign investors shun. Graham’s analysis draws on new data from face-to-face interviews with the managers of over 450 foreign firms operating in two developing countries: Georgia and the Philippines. Diaspora-owned and diaspora-managed firms are better connected than other foreign firms and they use social ties to resolve disputes and influence government policy. At the same time, Graham shows that diaspora-affiliated firms are no more socially responsible than their purely foreign peers—at root, they are profit-seeking enterprises, not development NGOs. Graham identifies implications for policymakers seeking to capture the development potential of diaspora investment and for managers of multinational firms who want to harness diasporans as a source of sustained competitive advantage.

The September 11 attacks forcefully brought home the need to better protect the U.S. homeland. But how can this be accomplished most effectively? Here, a team of Brookings scholars offers a four-tier plan to guide and bolster the efforts under way by the Bush administration and Congress. There has been some progress in making our homeland more secure. But the authors are concerned that the Bush administration may focus too narrowly on preventing attacks like those of the recent past and believe a broader and more structured approach to ensuring homeland security is needed. Given the vulnerability of our open society, the authors recommend four clear lines of direction. The first and last have received a good deal of attention from the Bush administration, though not yet enough; for the other two, a great deal remains to be done: Perimeter defense at the border to prevent entry by potential perpetrators and the weapons and hazardous materials they may use Prevention by detecting possible terrorists within the United States and securing dangerous materials they might obtain here Identification and defense of key sites within the county: population centers, critical economic assets and infrastructure, and locations of key political or symbolic importance Consequence management to give those directly involved in responding to an attack that may nevertheless occur the tools necessary to quickly identify and attack and limit its damage Included are specific recommendations on how much more to spend on homeland security, how much of the cost should be borne by the private sector, and how to structure the federal government to make the responsible agencies more efficient in addressing security concerns. Specifically, the authors believe that annual federal spending on homeland security may need to grow to about $45 billion, relative to a 2001 level of less than $20 billion and a Bush administration proposed budget for 2003 of $38 billion. They also