Books published by McGraw-Hill

Portable electronics are the fastest growing area of the dynamic consumer electronics industry, but developing successful products is extremely difficult. Between interface and size issues, portable electronic present some of the toughest design and engineering challenges in all of technology. This book breaks the complex design process down into its component parts, detailing every crucial issue from interface design to chip packaging, always keeping the reader focused upon the key design parameters of convenience, utility, and size that make or break a product in the marketplace.

Electronic materials are the actual semiconductors, plastics, metals and ceramics that make up the chips and packages from which we construct todayis cell phones, palmtops, and PDAs. The switch in applications from PCs to smaller communications devices has driven the micro-miniaturization trend in electronics, which in turn has created a new set of challenges in creating materials to meet their specifications. This new edition, the first update of the handbook since 1993, is a complete rewrite, reflecting the great importance of engineering materials for thermal management and flexibility and micro-miniature sizes. This new handbook will be an invaluable tool to anyone working electronic packaging, fabrication, or assembly design."

Complete coverage of the plastic pipe industry and its application in the liquids and gas fields.

Innovative modeling techniques that overcome fundamental flaws in Black-Scholes and other option pricing models "An intriguing, in-depth look at what really constitutes option pricing theory. Plus, some interesting thoughts on projecting and assessing volatility. A must read for those who are looking for more advanced option modeling techniques." --Lawrence G. McMillan, author of Options as a Strategic Investment and McMillan on Options "Refreshingly grounded in empirical data and a spirit of numerical experimentation, this book also succeeds at explaining the arcane mathematical concepts of options pricing in straightforward, clear language. The reader will come away not just with the accepted wisdom of the field, but also with a good sense of how to test that wisdom against real data." --William H. Press, senior author of the Numerical Recipes book and software series "Katz and McCormick's rigorous data studies and their experiences as traders lead to useful solutions for option modeling. In addition, their ability to write in clear English should be studied by all financial authors." --Howard L. Simons, president, Rosewood Trading, Inc., and contributing editor, Futures magazine Popular option pricing models, from Black-Scholes to Cox-Ross-Rubinstein, have been shown to consistently break down under certain market conditions. Advanced Option Pricing Models outlines well-researched and tested alternatives to these models. It also shows traders how to design and implement models that are consistent with the distributional quirks of the underlying markets, while providing more accurate pricing estimates under a wider range of market conditions. "In thisbook, we have analyzed standard option pricing models, discovered their flaws, and investigated better estimators of volatility and other model inputs. We have also explored nonstandard, rather innovative ways to achieve more accurate appraisals of option value. It is our sincere hope that this will give you the edge you need in the tough options game." --From the Introduction Option trading is a fiercely competitive pursuit in which pricing models are essential for evaluating various strategies and estimating the payoff of each under different market scenarios. Unfortunately, standard option pricing models from Black-Scholes to Cox-Ross-Rubinstein can provide inaccurate conclusions under numerous market conditions, leading traders to arrive at erroneous pricing estimates and initiate unprofitable trades. Advanced Option Pricing Models takes an objective, scientific look at this problem, detailing specific conditions under which standard option pricing models fail to provide accurate price estimates. The book then shows how to construct nonstandard models that effectively compensate for those flaws and provide a profitable competitive edge over traders still using older models. This solidly researched book explores: Factors that influence fair value, along with mathematical concepts required when developing pricing models Moments of returns, and how differences in their levels under a variety of conditions affect both the fair value and real-market price of options Models that combine two or more variables to provide distinctly better estimations of future volatility How nonlinear models such as neural networks and polynomial regressions can be fit to data derived fromactual stock and option prices, and outperform Black-Scholes on such data How to build models designed to identify and exploit gross option mispricings that can quickly appear--and, just as instantaneously, disappear A thorough understanding of the factors that influence option prices is essential for the development of an effective pricing model. Advanced Option Pricing Models analyzes standard pricing models, revealing their strengths as well as their fundamental flaws, then introduces nonstandard approaches that option analysts and traders can use to reach more consistently accurate, and profitable, appraisals of option value.

Even today, 20 years after his death, Benjamin Graham reigns as one of the greatest investment thinkers of the 20th century. Now readers can rediscover Graham's visionary 1944 treatise on achieving growth and stability in postwar economy through a global plan for allocating raw materials. This newly republished classic is an essential addition to any investor's collection.

Storage and Stability, Benjamin Graham's 1937 study on supply and demand, production and consumption, and their impact on value investing, offers readers a rare and rewarding glimpse into the social theories and investment strategies of one of America's foremost financial geniuses. The first authentic reissue of this historic masterpiece, Storage and Stability ushers in the new Benjamin Graham Classics series, and is sure to earn a coveted place on any investor's bookshelf.

"Val and Don Feigenbaum's no nonsense, engineering-based approach to quality has allowed us to make a threshold reduction in failure costs with resulting improvement in customer satisfaction and bottom-line results. I have no doubt that "The Power of Management Capital" will offer a similar road map to success for those who choose it."--Dick Davidson, Chairman, Union Pacific Corporation"Val and Don Feigenbaum have spent a lifetime teaching us how to do things the right way and then pushing us to look for even more ways to improve upon success. This relentless quest for discipline and innovation is the subject of their latest effort, "The Power of Management Capital." Feigenbaum introduces us to the management profiles and business practices that deliver results even though we operate in a global environment where the rules can change almost daily."--Tim Solso, Chairman and CEO, Cummins Inc."Facing the enormous challenge of rescuing Tenneco, we had no technology or product "silver bullets" available--we turned to the Feigenbaum's Cost of Quality approach. Three years later, we had created $2 billion of cost savings--real margins without sacrificing the core businesses of our valuable people. We called it 'soft restructuring, ' but really it was our "silver bullet."--Dana G. Mead Chairman & CEO of Tenneco, Inc."Armand and Donald Feigenbaum have identified the challenges that managers will face in the 21st century. They propose the basic characteristics that successful companies will have. The book provides a crystal clear road map that will prove to be a fundamental tool for managers to be successful in this century."--Gabriel Bitran, MIT Sloan School of Management"Whenmanagement capital is properly understood, structured, led throughout a company, and relentlessly emphasized, it is the key to accelerating and sustaining profitable business results."--"The Power of Management Capital"Lean production ... Total Quality Management ... Meritocracy ... These are just a few of the management concepts and innovations that, upon their adoption, became some of the basic drivers of productivity and profitability growth in today's marketplace."The Power of Management Capital "is about each of them; it is also about the management innovations that don't yet exist. Because more than just the innovations themselves, this groundbreaking book is about the systematic management and leadership models that "pacesetter" companies are using today to consistently breed such innovations. It is about the next great wave of corporate dominance--innovation in business management and leadership--and the difficulties that await competitors who refuse to abandon the "It worked yesterday" mentality.Armand Feigenbaum--the hands-on visionary widely regarded as the founding father of the global quality imperative--teams with his brother and fellow business executive Donald Feigenbaum to outline a rulebook for management and leadership innovation in the 21st century. Follow their simple yet profound logic to discover: Proven strategies for systematically--instead of intermittently--integrating management processes with information technologies Examples of how Japan constructed a world-class economic powerhouse, and lessons to be learned from its "correction" Ten worn-out management doctrines that are no longer helpful--and could prove harmful--in navigating today's economyRarely does one book have the intellect and authority to effectively change business and the way business is both approached and conducted. Over 50 years ago, one such book--"Total Quality Control"--gave its earliest readers an invaluable and stunningly prescient look at what businesses and their executives would need to succeed during the remainder of the 20th century. In "The Power of Management Capital," that book's world-renowned author now trains his vision on management and leadership in the 21st century. The insights he provides, and the changes he recommends, should prove even more valuable to a new generation of business decision-makers.

A-Z guide to hazardous waste clean-upOffering the time-saving guidance of leading specialists in the field, Handbook of Complex Environmental Remediation Problems introduces you to today's best methods of cleaning up hazardous waste. This comprehensive tool from Jay Lehr, Marve Hyman, Tyler Gass and William Seevers gives you a comprehensive review of every current engineering solution, and provides expert help with waste minimization and pollution prevention. Featuring both US and international applications, the Handbook is a vital on-the-job tool for environmental engineers, safety engineers, industrial hygienists, chemical engineers, civil engineers, and any other engineer or manager responsible for clean-up-- and regulators who must evaluate the results of these programs. You'll find in-depth discussion of: surfacewatergroundwater soils'solid wastehazardous waste oil spills hazardous contaminants in the marine environment and discharges in the atmosphere remediation of radioactive and mixed waste remediation of hazardous waste from mineral mining and oil well drilling more

A detailed picture of what electronic direct access trading (E-DAT) means and how individual traders can capitalize on it, Understanding Direct Access Trading explains the fundamental differences between online trading and E-DAT. The book tells traders how and where to get started, and discusses how to adapt current styles of trading to the fast-action E-DAT marketplace. From opening an E-DAT account to obtaining the best possible price on every trade, investors looking to go the next level will want to read this information-packed book.

Twenty-five centuries ago, Sun Tzu, master military strategist and tactician, wrote his classic treatise The Art of War, in which he outlined the simple but vital principles needed to win battles and wars. Now Vietnam veteran and securities trading superstar Dean Lundell shows you how to apply Sun Tzu's battle-proven techniques to making enormous profits investing in stocks, commodities, bonds, and currencies.

How can you use your company's assets more productively?Are you at risk of running out of cash?Are you giving your shareholders the best value for their investments?Good questions. "Financial Analysis and Decision Making "shows you how to use the tools of financial analysis to arrive at answers that are both easy to grasp and based on reality, not CPA-speak.This uniquely accessible book emphasizes the impact of accounting information on strategic business decisions, and explains how financial and nonfinancial professionals can use that information to solve a variety of business questions and problems. Plain-English descriptions, sample problems, real-world case studies, and more show you how to: Look "inside" financial data for clues to past, current, and future performance Apply proven risk management principles to everyday business problems Control product costs to increase per-unit profits and gain competitive advantage A fundamental understanding of financial analysis is an essential--but often overlooked--prerequisite to making sound strategic decisions. "Financial Analysis and Decision Making "helps you understand what the numbers are saying and use that understanding to improve the performance of your business at every level."Financial analysis is about shaping the future. It provides the tools management needs to make sophisticated judgments about complex and challenging business issues. This book embraces a broad range of financial analyses and can be used as a primer by finance, accounting, and general management on the tools and techniques to solve financial problems and make effective business decisions."--From the IntroductionLocked inside thelanguage of financial analysis are the keys to understanding your toughest business problems. "Financial Analysis and Decision Making "translates that language, showing you how to use the financial elements of your business to solve common problems, improve all-important cash flow, and dramatically enhance your company's competitive positioning and profitability.Whether you are a veteran of finance or a nonfinancial manager charged with improving your firm's financial performance, this all-encompassing book will explain the meaning and value of today's most important financial tools including: Income statements, balance sheets, and statements of cash flows--the foundations of financial analysis How to use ratios and other performance measures to detect problems and isolate their root causes Methods for evaluating proposed capital projects, and the strengths and weaknesses of each More than just presenting these tools and techniques, "Financial Analysis and Decision Making "plainly states the rationales behind each and explains how to integrate them into everyday decision-making. You learn about the factors that drive interest rates and, subsequently, the yields required to induce outside investments. Budgets are transformed from necessary nuisances into essential devices for managing operations on an ongoing basis. Explanations of standard deviation show you how to use this all-important measure to forecast outcomes and set strategic goals.Cash is oxygen to your company, and proper financial analysis ensures that your supply of oxygen will never be cut off. Learn what the numbers "really -"mean, and how you can use them to improve your skills for both gathering pertinentinformation and solving a myriad of business problems, with the comprehensive and comprehensible "Financial Analysis and Decision Making."

Today's Most Popular, Powerful Tools for Creating Shareholder Value--How and Why They Work, and Which Will Work Best for YouThe business world is just now beginning to regroup from its greatest merger wave in history. But after more than half of all acquisitions failed to enhance shareholder value, the "bigger is better" mantra has given way to new, leaner value-creation strategies--and to the increased use of subsidiary equity redeployments (SERs) to redeploy and gain access to value hidden in subsidiary operations."Restructuring for Growth "is the first comprehensive guide to creating value by redeploying the equity value of subsidiary operations and assets. It provides new insights on how virtually any organization can successfully leverage this equity in order to: Create value for impatient shareholders Increase focus Use partnerships and alliances Restructure balance sheets Obtain cash from--and ensure the success of--non-core operations In the broad middle ground between complete ownership and total divestiture, SERs provide unmatched opportunities for both increasing corporate effectiveness and building shareholder value. Let "Restructuring for Growth" help you determine if, when, and why an SER may be effective for your organization, and provide you with innovative opportunities to build shareholder value and thrive in today's challenging business arena."Building the value of a subsidiary--and the parent--is a pressing concern for much of corporate America. "Restructuring for Growth "addresses the creation of shareholder value by companies through the redeployment of the equity of a wholly or partially owned subsidiary operation..."--From the PrefaceToday'scorporate world has been turned upside down. Many of the strategies employed in the past to create value for shareholders have had the opposite effect and are being unwound. As a result, impatient investors are demanding that companies employ new approaches to maximize all of their assets--and create value for investors."Restructuring for Growth "is the first book to take a detailed look at subsidiary equity redeployments (SERs), which have proven remarkably successful at creating new value for both parent companies and their shareholders. This one-of-a-kind resource offers practical advice on creating value in today's turbulent private and public stock and merger markets. It details the goals, objectives, advantages, and challenges and lays out critical tax, legal, and accounting considerations of today's most widely-used and effective subsidiary equity redeployment (SER) strategies, including: Spin-offs Carve-outs Partnerships with investors Corporate alliances Mergers Incorporating need-to-know insights, this important work also contains numerous examples and cases for each strategy. It provides a behind-the-scenes look at how the strategies were structured and deployed, and a rare insider's access to the SER successes and failures of leading companies ranging from General Motors to Palm. Many of these cases are available from no other resource, and feature commentary from company executives on the firing line about the strategies they selected.In "Restructuring for Growth," Wall Street veteran John Michaelson provides unique and rarely shared insights into the inner workings of corporate finance and details the challenges of working with Wall Street. He gives you theinformation and confidence you need to select, deploy, and manage smart SER strategies--to meet the value creation demands of impatient investors, corporate management, and boards of directors.

SINGLE STOCK FUTURES--What They Are, How to Trade Them, and Why They Are Today's Best New Opportunity for Millions of InvestorsSingle stock futures are poised to take U.S. markets by storm. Already hugely popular in London and other key international financial centers--and backed by the largest futures and options exchanges in the U.S.--these flexible investment vehicles combine the best aspects of stock and futures trading, and allow investors to gain control over sizable blocks of stock while tying up just a fraction of the money required for actual stock ownership."Single Stock Futures "is the first book to explore the ins and outs of this exciting new vehicle, and provide you with the knowledge and tools you need to begin trading single stock futures today. Straightforward and no-nonsense, it discusses: The profitable advantages of investing in single stock futures Essential details for integrating single stock futures into existing trading programs "Short-sale" strategies for profiting from market declines Single stock futures are one of the most significant trading developments in decades. Let "Single Stock Futures" show you how to use this exciting new hybrid to protect gains made in your overall portfolio, and dramatically increase the leverage and profit potential of every trade you make."Make no mistake: this new dynamic investment vehicle is here to stay, and will undoubtedly grow to be one of the most utilized instruments in the investment world. The investors who take time to educate themselves early will, as usual, be miles ahead of the public masses..."--From "Single Stock Futures"Rarely is a new investment product introduced that has the potential toimprove the performance of virtually every trader it touches. "Single Stock Futures "introduces you to just such a product. This seminal book describes the uses and dynamics of single stock futures, and reveals how every trader and investor can profit from their unprecedented combination of accessibility and leverage.Plain-English enough to be understood by all investors, yet detailed enough to satisfy the most sophisticated professionals, this first-of-its-kind book discusses: Why single stock futures were created years ago, and why officials have decided only now to introduce them into U.S. markets Market-tested techniques for using single stock futures to augment your investment program Technical analysis strategies for spotting opportunities and controlling risk In "Single Stock Futures," Patrick Lafferty describes how to use single stock futures in combination with, or even in place of, actual stock ownership. It describes how anyone involved with the market--from the traditional buy-and-hold investor to the aggressive day trader--can realize significant advantages through the use of these easy-to-understand vehicles, and outlines the many ways in which investors can seamlessly and profitably incorporate them into existing portfolios.Today's fast-changing financial environment has made it clear that, to be successful, investors must increase their knowledge of global stock markets as well as the products that drive those markets. "Single Stock Futures" represents the logical next step for investors everywhere. With details of a product designed to both insure against catastrophic portfolio losses and produce incrementally greater gains, it should be considered requiredreading for all investors looking to fine-tune their investment programs and gain every possible edge that modern markets and technologies have to offer.

The Handy Paperback Edition of McGraw-Hill's One-Volume, MBA-Level M&A Course More than ever before, decision-makers in profitable, high-growth businesses and industries must keep on top of the latest M&A strategies and techniques. "Mergers & Acquisitions "will show you how to fully exploit today's myriad M&A opportunities, as you learn how to defend your firm against unwelcome takeover attempts. Hundreds of vital M&A issues are covered in depth, including: Valuation and accounting methods Assessing strategic fit Legal and regulatory frameworks Merging corporate cultures Restructuring and financial engineering Postmerger integration Affordable and transportable, this paperback edition of "Mergers & Acquisitions--"the popular McGraw-Hill guide based on UCLA's Executive Education M&A program--provides you with every word, chart, case study, and statistic found in the hardcover. Look to the McGRAW-HILL EXECUTIVE MBA SERIES for straight-talking, technique-filled books, written by front-line executive education professors and modeled after the programs of top business schools. Other paperback titles in the series include: Sales Management Finance & Accounting for Nonfinancial Managers Corporate Strategy

The Step-by-Step Guidebook to Benchmarking Today's Best Value-Based Management Approaches"Finally, a 'how to' book that is not mired in impractical theory. Morin and Jarrell offer a forceful work, using empirical evidence, to demonstrate that strategy does create value--debunking some of the widely-held value destroying myths along the way. This is a groundbreaking book that is reflective of today's dynamic business environment. Anyone wanting to drive shareholder value, public or private, can find practical advice. I will recommend it to all of my clients."--Rick Wimmer, Partner, Ernst & Young"This complete description of Value Based Management from strategic analysis through its 'recipe for success' for effective implementation provides essential knowledge for corporate management, and clearly demonstrates why the 'M' in VBM stands for 'Management' rather than simply 'Metrics'."--Mark C. Ubelhart, VBM Practice Leader, Hewitt Associates LLC"Using both established and new techniques of analysis, "Driving Shareholder Value "describes how companies can increase stockholder value. Case studies and examples add to the readability and clarity. Morin and Jarrell's VBM framework ties it all together: corporate strategy, financial structure, and performance measurement/incentive compensation to explain in clear, understandable language how to create stockholder value."--John B. McKinnon, Corporate Director and Former President, Sara Lee Corporation"Value-Based Management is key to developing successful organizations at all levels--from seed-stage companies to mature businesses--and entrepreneurs, managers, and investors must understand how to create value to survive."Driving Shareholder Value "is a practical enterprise-wide approach for creating, measuring, and maintaining value across all levels of an organization. Morin and Jarrell have presented managers and directors with the specific game plan for creating value within a company. Their VBM framework should become the guiding principle for employees and managers at all levels. The real options perspective in particular holds enormous potential for evaluating venture capital transactions."--John Ciannamea, Senior Managing Director, Longleaf Venture Fund"Thanks to an unprecedented wave of takeovers, shareholder activism, and global competition, corporate America has become acutely aware of the importance of creating value for shareholders."From the very first sentence in "Driving Shareholder Value," authors Roger Morin and Sherry Jarrell make their positions crystal clear: If you don't fully exploit the wealth creation possibilities of your corporation, someone else will--and their tactics could leave you on the outside looking in.Far from being abstract and inaccessible, "Driving Shareholder Value "translates today's most prevalent and proven Value-based management theories into practical, concrete tools and approaches for implementing a shareholder value orientation throughout any organization. The only book that guides corporate strategy with valuation techniques, it incorporates the best features of strategic, financial, and institutional approaches into an integrative, coherent framework for determining how companies are governed, executives are paid, and business strategies are implemented and evaluated."There is no magic bullet for corporate success. VBM is more a single"framework "for targeting those business decisions that consistently add economic value--both immediate and long-term--to your company."It only makes sense that, in order to become a successful VBM company, you must first benchmark your efforts against the VBM leaders. "Driving Shareholder Value "looks inside the strategic files of General Electric, PepsiCo, Abbott Labs, and other long-term value creators for guidance on: How to remove emotion from the equation--and look at your company from the perspective of the corporate raider Using the right tool for every type of business challenge, from compensation and capital budgeting to operations and strategy Implementation of proven, state-of-the-art-valuation methods, including cash flows to equity, adjusted present value, and real options strategic analysis Value-based management will continue to drive company profits and productivity well into the twenty-first century, and executives at every level will be increasingly judged by their ability to make consistent, value-maximizing decisions. Let "Driving Shareholder Value "show you how today's leaders are successfully integrating VBM into their company structures--leading to better productivity, better quality and, ultimately, superior financial performance for their companies.

Your stock market success depends at least as much on when you sell a stock as when you purchase it. While dozens of books tell you when and how to buy stocks, no book (until this one!) reveals the critical information that tells you exactly when you should sell, and how to time your sale for maximum profit.

THE NATIONAL BESTSELLER An inspiring story of a phenomenal business leader--and how to make her tactics work for you How did an unemployed single mother turn a simple business idea into a 450 million-dollar multi-national corporation? She followed her instincts, formed a strategy, and found a way to transform a vision into a home-grown direct-selling empire called Creative Memories. This astonishing self-made success story is a prime example of entrepreneurship at its best. Now the co-founder of Creative Memories shows today's business leaders how to recognize growth opportunities, turn passions into profits, and reach even higher levels of personal and profession success. You'll learn how to: Make sound, consistent business decisions Create checks and balances for all company practices Define your own leadership style and direction Protect your relationships with customers and colleagues Develop new ideas and initiatives that encourage business growth "An easy-to-follow roadmap for continued success...a must-read for any organization." --John C. Maxwell, bestselling author of "The 21 Irrefutable Laws of Leadership" "A great example of the vast diversity of opportunity that exists in the direct selling industry today." --Dick Bartlett, Vice Chairman, Mary Kay Inc.; former board chairman, Direct Selling Association (DSA) "[An] inspirational book." --David M.R. Covey, President, International division, Franklin Covey Company

The first comprehensive blueprint to decisively answer the question "What can be done about North Korea?"Before George W. Bush proclaimed it a member of the "axis of evil," North Korea had already spent decades at odds with the rest of the world. Crisis on the Korean Peninsula" "is the first book to take readers inside this nation's previously impenetrable walls while also confronting the question of how to deal with it. Provocative and insightful, it outlines a comprehensive program for defusing today's most perilous nuclear crisis. Praise for Crisis on the Korean Peninsula: "This deeply informed and closely argued book could well be part of the solution. . . .Their book is smart, dispassionate and full of new information. . . .The 'grand diplomatic bargain' is ambitious and complex, and worth a careful perusal by anyone concerned with the issues. . . . O'Hanlon and Mochizuki provide many reasons to hope that an enlightened American diplomacy might finally resolve this state of perpetual crisis." --Washington Post "Michael O'Hanlon. . . and Mike Mochizuki . . . have put together what they call a 'grand bargain.' Proposed in their new book, Crisis on the Korean Peninsula, it is a brilliant scheme for negotiations designed to gain the United States its essential security objectives--virtually everything Washington wants, except regime change." --Los Angeles Times "A comprehensive proposal for addressing one of the most important issues of our day."--George Mitchell, Former Senate Majority Leader"In describing their comprehensive proposal for negotiations with North Korea, O'Hanlon and Mochizuki exhibit the strategic creativity and analytical depth badlyneeded by United States policymakers dealing with this strange--and dangerous--place."--Ash Carter, Professor, John F. Kennedy School, Harvard University, and Former Assistant Secretary of Defense "By far the best book yet written on the challenge posed by North Korea's nuclear weapons program, Crisis on the Korean Peninsula" "lays out a proposal that Kim Jong Il may not be able to refuse and that George Bush may be willing to embrace."--Stephen J. Solarz, Former Congressman and Chairman of the House Foreign Affairs Subcommittee on East AsiaNorth Korea is among today's most troubled and troubling nations. This Socialist holdout has used its million-man army, erratic and volatile leadership, and burgeoning nuclear capabilities to disrupt and destabilize world affairs.Recent political strains between the United States and South Korea over proper North Korea policy have exacerbated the problem. According to U.S. intelligence, North Korea now poses the most serious threat to U.S. regional interests in a generation.In Crisis on the Korean Peninsula, foreign policy scholars and opinion leaders Michael O'Hanlon and Mike Mochizuki introduce a broad and ambitious program designed to answer once and for allthe stubborn North Korean question. Detailing a "grand bargain" by which the United States and its allies could defuse North Korea's military threat and welcome the nation back into the world community without resorting to Iraq-style war, this probing and timely examination outlines a step-by-step process that would: Address the nuclear weapons issue that so clouds North Korea's present and future global status and northeast Asia's security Reduce conventional militaryforces, begin to rebuild the nation's shattered economy, and solve its ongoing humanitarian crisis Provide face-saving and nerve-calming security assurances to North Korea's embattled leaders, who show signs they might welcome such pledges North Korea has been a smoldering volcano for far too long. Crisis on the Korean Peninsula" "provides a convincing, authoritative program for extinguishing that volcano, not only by solving the current and acute nuclear crisis but also by helping North Korea to become a peaceful and constructive member of the world community.