scholarly journals Corporate Defaults, Workouts, and the Rise of the Distressed Asset Investment Industry

2015 ◽  
Vol 89 (2) ◽  
pp. 305-330 ◽  
Author(s):  
Douglas Cumming ◽  
Grant Fleming

We examine the formation and growth of the distressed asset investment industry during the late twentieth century, with specific focus on the strategies of the leading firms. The distressed asset investment industry is dominated by firms based in the United States and is relatively concentrated, due in large part to early movers developing distinctive investment capabilities through participation in landmark transactions, relationship-specific resources, and exploitation of scale effects. We argue that the participation of these firms in the bankruptcy and corporate restructuring markets has resulted in private-sector workouts becoming more competitive and more efficient over the last thirty years, especially in the United States.

2018 ◽  
Vol 4 (3) ◽  
pp. 280-296
Author(s):  
Shelley Sang-Hee Lee

This article considers the immigrant store owner as spectacle, signifier, and actor in Korean-Black relations in Los Angeles during the late twentieth century, arguing that the “Black-Korean conflict” was an historical and cultural phenomenon in which events and their representations built upon each other. Members of these groups sometimes resisted and interrogated the framework of interethnic conflict which was projected onto them, but also incorporated it into their outlooks and organizing strategies. The article also reflects upon efforts to address intergroup tensions and conflict against a backdrop of widespread racial injustice and economic inequality in Los Angeles and the United States.


Author(s):  
Mona Lynch ◽  
Anjuli Verma

This essay reviews trends since the early 1980s in the number of inmates confined in American prisons as well as possible factors contributing to the massive increase in prison admissions (ranging from highly functionalist structural accounts to more culturally embedded midrange ones). Defining features of the late twentieth century imprisonment boom are discussed, encompassing global notoriety; persistent racial disparities; the role of felony drug filings, convictions and sentences in fueling both the scale and racial disparities of imprisonment; and regional and jurisdictional variations in trends across three planes: federal-state, interstate, and intrastate. Finally, the recent “stabilization” of incarceration rates in the United States is described and possible implications considered.


2020 ◽  
Author(s):  
Kelly Reddy-Best ◽  
Dana Goodin ◽  
Eulanda Sanders

Queer Fashion & Style: Stories from the Heartland—An Exhibition Catalog analyzes the recent history of fashion through a queer lens by examining how queer identities are negotiated in everyday styles by women in the Midwest part of the United States from the late twentieth century to the present.


2020 ◽  
pp. 264-290
Author(s):  
Adam Sutcliffe

This chapter reviews the question on what Jews are for. It talks about the anxiety over the long-term viability of Judaism that threatened to overwhelm the question across much of the Jewish world in the late twentieth century. It describes the European Jewish life in the aftermath of the Holocaust that was shadowed by a sense of dutiful traditionalism and anxiety over the continued presence of antisemitism. The chapter also analyzes the temptation and increasing ease of assimilation that was perceived as a threat to Jewish continuity in Europe, in the United States, and elsewhere in the New World. It points out how it was clear to some Jewish leaders, while faced with the prospect of a “vanishing diaspora,” that the postwar focus on communal survival lacked the inspirational power to renew Jewish life.


Author(s):  
William Douglas Woody ◽  
Krista D. Forrest

The introduction presents readers with the framework of the project, opening with the definition and the relevance of the totality of the circumstances in understanding police interrogation and confession in the United States. The authors illustrate their totality-of-the-circumstances approach by evaluating similarities and differences between the false confessions of Stephen and Jesse Boorn in the early 1800s and Jeffrey Deskovic in the late twentieth century. Despite substantial differences in evidence, legal requirements, trial procedures, and other details, the errors and larger totality of the circumstances in both cases reveal important similarities that the authors explore throughout the book.


Author(s):  
Dan Sinykin

James Baldwin’s observation that “American investments cannot be considered safe wherever the population cannot be considered tractable” could serve as a précis for Cormac McCarthy’s Blood Meridian. I show how McCarthy’s novel traces US scalp hunters in northern Mexico in the aftermath of the US-Mexican War as they clear the land of intractable Indians—i.e. slaughter them for cash—so the United States can pivot from settler colonialism to economic imperialism. The scalp hunters prove as bad for capital as the Indians they decimate, debauching cities, taking Mexican scalps that might pass as Indian, and destroying the means of production. Writing from late twentieth-century capitalist crisis, McCarthy depicts a constitutive violence that capitalism has unleashed, but cannot control. What remains, for McCarthy, beyond capitalism is the excess that fells it, a drive to violence.


Coming Home ◽  
2019 ◽  
pp. 164-197
Author(s):  
Wendy Kline

One of the biggest hurdles to professionalizing non-nurse midwifery was the lack of any standardized training opportunities in the United States. Historically, midwives had learned their trade by apprenticing with those more experienced within their community. By the late twentieth century, however, the home birth trend triggered a regulatory backlash in many states, resulting in new and more restrictive licensure laws requiring education and certification. This chapter traces the evolution of the first and arguably the most successful fully accredited direct-entry midwifery program recognized by the U.S. Department of Education. As the school evolved, its founders faced philosophical and financial hurdles that required them to reconsider how to train students and promote midwifery as an inclusive, meaningful, and practical profession.


2000 ◽  
Vol 28 (1) ◽  
pp. 55-66
Author(s):  
Rosamund Scott

In the late twentieth century the United States experienced a wave of cases concerning compelled obstetric interventions, cases which attracted much legal and philosophical interest. Behind and alongside them, however, lies a little known strand of authorities which concerns a parent wishing to refuse life-sustaining treatment and a hospital seeking to prevent this on the basis of the State's interest in protecting innocent third parties, usually the patient's dependent minor children. This issue appears to be unique to the United States. Although the leading case in point was influential in cases concerning compelled obstetric intervention, it has received little examination in its own right. This is a shame, since it spawned an intriguing line of cases worthy of reflection today.


Sign in / Sign up

Export Citation Format

Share Document