Michael A. Hiltzik

Dealers of Lightning is the riveting story of the legendary Xerox PARC--a collection of eccentric young inventors brought together by Xerox Corporation at a facility in Palo Alto, California, during the mind-blowing intellectual ferment of the seventies and eighties. Here for the first time Michael Hiltzik, a correspondent for the Los Angeles Times, reveals in piercing detail the true story of the extraordinary group that aimed to bring about a technological dawn that would change the world--and succeeded. Based on extensive interviews with the scientists, engineers, administrators, and corporate executives who lived the story, Dealers of Lightning takes the read on a journey from PARC's beginnings in a dusty, abandoned building at the edge of the Stanford University campus to its triumph as a hothouse of ideas that spawned not only the first personal computer, but the windows-style graphical user interface, the laser printer, much of the indispensable technology of the Internet, and a great deal more. It shows how and why Xerox, despite its willingness to grant PARC unlimited funding and the responsibility for developing breakthroughs to keep the corporation on the cutting edge of office technology, remained forever unable to grasp (and, consequently, exploit) the innovations that PARC delivered--and it details the increasing frustration of the original PARC scientists, many of whom would go on to build their fortunes upon the very ideas Xerox so rashly discarded. More than just a riveting historical narrative, Dealers of Lightning brings to life an unforgettable cast of characters. Among

Relentless and ominous, the drumbeat echoes across the land: Social Security is on the verge of bankruptcy. The warning has been repeated so often that it has become a dismal article of faith for the millions of Americans who pay Social Security taxes and expect to collect benefits someday. But it is flatly untrue. Social Security today is as financially strong as it has been in decades. Despite its relative good health, however, it is facing the most dangerous political challenge to its existence since its birth 70 years ago. The Plot Against Social Security explains who is really behind the efforts to "reform" this system and shows that the most frequently proposed fix -- diverting a huge portion of its assets into private investment accounts -- will damage it beyond repair, undermining retirement security for generations of Americans. Award-winning journalist Michael Hiltzik documents the privatization lobby's ties to the brokerage and insurance industries that stand to profit from the proposed changes. He debunks the myths disseminated by Social Security's enemies, repeated by rote even by its friends and now accepted as gospel by many Americans -- including claims that the retirement of baby boomers will plunge the system into bankruptcy; that the $1.7 trillion in government securities held by the Social Security trust fund are worthless pieces of paper; and that workers can earn better returns on their payroll tax contributions by investing them privately than by leaving them in the system. Finally, he offers a clear set of remedies for those few elements of Social Security that do need repair -- proposals that will shore up the most effcient social insurance program in America's history rather than destroyingit in the name of reform.