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The Federal Reserve is the most powerful central bank in the world. Without its central bank, America would be subject to devastating fluctuations in currency value and chronic economic instability. To stabilize the economy, the Fed adjusts interest rates and intervenes in the economy more directly when appropriate. According to most Fed observers, it as an impartial referee exercising its independence free from political interference in order to advance the best interests of America.

In the 2012 edition of its flagship report, Worldwatch celebrates the twentieth anniversary of the 1992 Earth Summit with a far-reaching analysis of progress toward building sustainable economies. Written and read in clear language, State of the World 2012 offers a new perspective on what changes and policies will be necessary to make sustainability a permanent feature of the world's economies.

As fossil fuel prices rise, oil insecurity deepens, and concerns about climate change cast a shadow over the future of coal, a new energy economy is emerging. Wind, solar, and geothermal energy are replacing oil, coal, and natural gas, at a pace and on a scale we could not have imagined even a year ago. For the first time since the Industrial Revolution, we have begun investing in energy sources that can last forever. Plan B 4.0 explores both the nature of this transition to a new energy economy and how it will affect our daily lives.

In my room I have an original piece of artwork by Sally Huss which says, "Around me I wear a coat of many colors, fabrics, and textures. It’s made of friends and family here and no longer here, far and not so far. They are all part of my coat which keeps me warm wherever I go." A few summers ago, I noticed a hole in that very coat. One of my best friends developed an eating disorder. As the disorder progressed I knew I needed to find help for her, and fast. I made the decision to approach her, express my concerns, and offer my support. The extraordinary thing is, despite her fears, she put her trust in me and leaned on my shoulder.

An epic struggle over land, water, and power is erupting in the American West and the halls of Washington, DC. It began when a 4,000-square-mile area of Arizona desert called Black Mesa was divided between the Hopi and Navajo tribes. To the outside world, it was a land struggle between two fractious Indian tribes; to political insiders and energy corporations, it was a divide-and-conquer play for the 21 billion tons of coal beneath Black Mesa. Today, that coal powers cheap electricity for Los Angeles, a new water aqueduct into Phoenix, and the neon dazzle of Las Vegas.

Nobel Laureate Peter Doherty offers a level-headed guide to all aspects of pandemics-what they are, how they spread, and what we can do to prevent them Pandemics. The word conjures up images of horrific diseases sweeping the globe and killing everyone in their path. But such highly lethal illnesses almost never create pandemics. The reality is deadly serious but far more subtle. In Pandemics, Peter Doherty, who won the Nobel Prize for his work on how the immune system recognizes virus-infected cells, offers an essential guide to one of the truly life-or-death issues of our age.

Saving the world won't happen on the silver screen. In our fragile ecosystem, climate change is swiftly becoming the defining issue of how to prepare - and protect - the earth for the future. The climate change debate raged on in America in 2015, but the facts and the science now show irrefutably that our world is rapidly changing, and that irreparable damage has already begun.

In 1991 India faced its 'Greece moment': an unprecedented financial crisis against the backdrop of political uncertainty and crumbling investor confidence. On 21 June 1991, P. V. Narasimha Rao became prime minister and appointed Dr Manmohan Singh as finance minister. In less than 35 days, the Rao-Singh duo ushered in momentous changes in economic policy - those that transformed the country.

When houses are flattened, towns submerged, and people stranded without electricity or even food, we attribute the suffering to "natural disasters" or "acts of God." But what if they're neither? What if we, as a society, are bringing these catastrophes on ourselves? That's the provocative theory of Catastrophe in the Making, the first audiobook to recognize Hurricane Katrina not as a "perfect storm," but a tragedy of our own making - and one that could become commonplace.

With falling wages and rising inequality, persistent unemployment, failing schools, and broken cities, have America's best days come and gone? In America Needs Talent, Jamie Merisotis, a globally recognized leader in philanthropy, higher education, and public policy, explains why talent is needed to usher in a new era of innovation and success and why deliberate choices must be made by government, the private sector, education, and individuals to grow talent in America.

The Agile City engages the fundamental question: what to do about it? Journalist and urban analyst James S. Russell argues that we'll more quickly slow global warming - and blunt its effects - by retrofitting cities, suburbs, and towns. The Agile City shows that change undertaken at the building and community level can reach carbon-reduction goals rapidly. Adapting buildings (39 percent of greenhouse-gas emission) and communities (slashing the 33 percent of transportation related emissions) offers numerous other benefits that tax gimmicks and massive alternative-energy investments can't match.

In State Capitalism, Joshua Kurlantzick ranges across the world - China, Thailand, Brazil, Russia, South Africa, Turkey, and more - and argues that the increase in state capitalism across the globe has, on balance, contributed to a decline in democracy. He isolates some of the reasons for state capitalism's resurgence: the fact that globalization favors economies of scale in the most critical industries and the widespread rejection of the Washington Consensus in the face of the problems that have plagued the world economy in recent years.

Americans are afraid of their food. And for good reason. In 2011, the deadliest food-borne illness outbreak in a century delivered killer listeria bacteria on innocuous cantaloupe never before suspected of carrying that pathogen. Nearly 50 million Americans will get food poisoning this year. Spoiled, doctored or infected food will send more than 100,000 people to the hospital. Three thousand will die. We expect, even assume, our government will protect our food, but how often do you think a major U.S. food farm get inspected by federal or state officials?

We Are Better Than This fundamentally reframes budget debates in the United States. Author Edward D. Kleinbard explains how the public's preoccupation with tax policy alone has obscured any understanding of government's ability to complement the private sector through investment and insurance programs that enhance the general welfare and prosperity of our society at large.

In The Obama Doctrine, Colin Dueck analyzes and explains what the Obama Doctrine in foreign policy actually is and maps out the competing visions on offer from the Republican Party. Dueck, a leading scholar of US foreign policy, contends it is now becoming clear that Obama's policy of international retrenchment is in large part a function of his emphasis on achieving domestic policy goals. There have been some successes in the approach, but there have also been costs.

James Howard Kunstler's critically acclaimed and best-selling The Long Emergency, originally published in 2005, quickly became a grassroots hit, going into nine printings in hardcover. Kunstler's shocking vision of our post-oil future caught the attention of environmentalists and business leaders alike, and stimulated widespread discussion about our dependence on fossil fuels and our dysfunctional financial and government institutions.

The Digital Age was expected to usher in an era of clean production, an alternative to smokestack industries and their pollutants. But as environmental journalist Elizabeth Grossman reveals in this penetrating analysis of high tech manufacture and disposal, digital may be sleek, but it's anything but clean. Deep within every electronic device lie toxic materials that make up the bits and bytes, a complex thicket of lead, mercury, cadmium, plastics, and a host of other often harmful ingredients.

When tough-on-crime laws passed 30 years ago during an era of drug-fueled violence, they were supported across the political spectrum. The subsequent "war on drugs" sent non-violent offenders to prison for decades and, in some cases, life. As a result, the nation's prison and jail population today is 2.3 million, more than quadruple the number that were incarcerated in 1980. One in 100 adults is behind bars in America.

America’s economic future is uncertain. Mired in a long crippling economic slump and hamstrung by bitter partisan debate over the growing debt and the role of government, the nation faces substantial challenges, exacerbated by a dearth of vision and common sense among its leaders. Prominent Stanford economist John B. Taylor brings his steady voice of reason to the discussion with a natural solution: start with the country’s founding principles of economic and political freedom and reconstruct its economic foundation from these proven principles.

In her best-selling books Blue Gold and Blue Covenant, world-renowned water activist Maude Barlow exposed the battle for ownership of our dwindling water supply and the emergence of an international, grassroots-led movement to reclaim water as a public good. Since then, the United Nations has recognized access to water as a basic human right - but there is still much work to be done to stem this growing crisis.