I can remember in 1998 writing a long article about Peregrine, the Asian investment bank, which pointed to a number of its follies. Thanks, however, to the stupidity of a sub-editor in London, the negative tone of the article was overshadowed by the headline he selected 'Peregrine's still flying'. Four weeks later Peregrine was bankrupt.
In a somewhat grander fashion, Jim Rohwer put out a book around a year before the Asian crisis called Asia Rising and that title became the bane of his existence. Someone else even authored a book called Asia Falling that was released after the crisis to parody Rohwer's famous title.
Remade in America is Rohwer's retort.
A 383-page book,...