scholarly journals Keynes and Wall Street

2016 ◽  
Vol 90 (2) ◽  
pp. 301-328 ◽  
Author(s):  
David Chambers ◽  
Ali Kabiri

This article examines in detail how John Maynard Keynes approached investing in the U.S. stock market on behalf of his Cambridge College after the 1929 Wall Street Crash. We exploit the considerable archival material documenting his portfolio holdings, his correspondence with investment advisors, and his two visits to the United States in the 1930s. While he displayed an enthusiasm for investing in common stocks, he was equally attracted to preferred stocks. His U.S. stock picks reflected his detailed analysis of company fundamentals and a pronounced value approach. Already in this period, therefore, it is possible to see the origins of some of the investment techniques adopted by professional investors in the latter half of the twentieth century.

2018 ◽  
pp. 217-264
Author(s):  
Thomas H. Johnson ◽  
Matthew DuPee ◽  
Wali Shaaker

This is one of the more important chapters in that it explicitly compares the U.S. information campaign in Afghanistan to the Taliban’s campaign. The explicit stated goals and strategic communication themes of the U.S. Operation Enduring Freedom are assessed during two distinct time frames – 2001-2006 and 2007-2011. In assessing and comparing the U.S. information operation efforts versus the Taliban, a detailed analysis of different U.S. messaging techniques such as leaflets. As suggested above, these leaflets were assessed for early U.S. engagements to later in the conflict. Later U.S. IO efforts were examined using the U.S. PSYOP Book from 2009. The analyses concluded with the notion that the U.S. had to basically surrender to Taliban dominance in narratives and associated stories. The U.S. efforts basically refused to accept Afghan cultural reality, especially the Afghan peasant mental space. This had a devastating impact on U.S. and NATO rural counter-insurgency efforts. The U.S. had to concede a major portion of the Afghan battle space because the U.S. could not credibly respond to Taliban Islamic mores and troupes.


Author(s):  
Kevin E. Davis

This chapter traces the development of modern transnational bribery law in the United States. After a brief discussion of the U.S. Supreme Court’s decision in Oscanyan v. Arms Co., it traces the evolution of domestic anti-bribery law in the United States through the twentieth century. It then discusses the Watergate investigation and scandals involving companies such as Lockheed and United Brands that led to enactment of the U.S. Foreign Corrupt Practices Act of 1977. The historical record sheds light on the moral and economic motivations behind this landmark legislation. Subsequent amendments to the FCPA and related statutes, such as the Sarbanes-Oxley Act, are also discussed.


Author(s):  
David Nieto

The present paper engages in a historical analysis and interpretation of the policies that have contributed to develop bilingual education in the United States. Departing from the U.S. interpretation of bilingual education, this study examines each of the educational programs that have been implemented in the country since the twentieth century, its pedagogical underpinnings, and the critical evaluation of its outcomes. The paper concludes with an analysis of potential interpretations and lessons that the US case may have for other contexts.


2020 ◽  
pp. 1-20
Author(s):  
Katherine D. Moran

This chapter begins with an overview of George Everett Adams's and Helen Taft's speeches, which they delivered as Protestants in a country that was increasingly home to a large and growing Catholic minority. It argues that Adams's and Taft's speeches were part of a much larger religious pattern in the late nineteenth and early twentieth centuries. In the ongoing currents of anti-Catholicism in U.S. culture, many late nineteenth- and early twentieth-century Protestants joined their Catholic compatriots in speaking with nostalgia and admiration about the figures and institutions of Roman Catholic exploration and evangelization. The chapter also describes how men and women celebrated idealized versions of Catholic imperial pasts as the United States grew into a global power. It traces Catholic origin stories that emerged in three different sites and circumstances: the upper Midwest, Southern California, and the U.S. colonial Philippines.


2005 ◽  
Vol 18 (10) ◽  
pp. 1503-1512 ◽  
Author(s):  
Gerald Stanhill ◽  
Shabtai Cohen

Abstract Changes in sunshine duration (SS) measured in the conterminous United States during the past century were used as a proxy to explore changes in shortwave forcing at the earth’s surface when and where accurate measurements of global irradiance (Eg) were not available. Yearly totals of SS from the 106 Weather Bureau stations with 70 or more years of complete measurements between 1891 and 1987 were analyzed after establishing that the two changes in instrumentation during that period had not significantly influenced the measurements. Annual totals of SS were highly correlated (r2 = 0.86) with annual totals of global irradiance (Eg↓) measured at the 26 U.S. pyranometer stations during the 1977–80 period when the Solar Radiation Network (SOLRAD) was operating at its maximum accuracy. The linear relationship between annual totals of Eg↓ and SS was highly significant (P < 0.001), with each additional hour of sunshine duration equivalent to an increase of 0.0469 ± 0.002 W m−2 (or 1.48 ± 0.07 MJ m−2 solar radiation per year). The error term of annual values of Eg↓ estimated from SS was 5%. Almost half of the sunshine series showed significant linear time trends in SS. At 27 sites it increased significantly with time; at 21 sites it significantly decreased. Regionally, in the northwest quarter of the U.S. landmass (>36°N, >98°W), SS increased at nine sites and decreased at three; in the three other quarters of the United States, the numbers of sites with increasing and decreasing trends were equal. After 1950, a larger proportion of series showed decreases in sunshine duration, and more sites showing decreasing SS were found in the Northeast and in the West and South of the United States, but these regional differences were not significant. Normalized annual anomalies of SS averaged for all of the U.S. series showed no significant linear time trend during the last century, but the running 11-yr average values indicated clear peaks in the fourth and sixth decades of the last century and troughs in the first, fifth, and seventh decades; the peaks coincided with those reported for continental air temperature, and the troughs coincided with those for continental rainfall. A significant periodic component (with a median period of 10 yr) was found in half of the SS series; however the peak spectral density averaged for the United States, occurring at a period of 11.25 yr, was not significantly above that expected for the white noise level. An analysis of long-term records from outside the United States showed that the sensitivity of SS to Eg↓ was dependent on both astronomical and climatic factors, and the implications of this site dependence on the accuracy of this proxy relationship is discussed. A decline in SS followed major volcanic eruptions in North America. In the case of El Chichon, this change was calculated to have resulted in a negative shortwave radiative forcing of 6.4 W m−2 for the United States, some 3 times greater than the value calculated from the direct effect of the increase in aerosol loading. It is concluded that the U.S. sunshine duration database shows little evidence for a significant trend in solar forcing at the earth’s surface during the twentieth century. To reconcile this discrepancy with reports of decreases in Eg↓ measured in the United States during the last half century requires a more detailed understanding of the influence of clouds and aerosols on sunshine duration.


2007 ◽  
Vol 2 (2) ◽  
pp. 187-195 ◽  
Author(s):  
Omer Gokcekus ◽  
Andrew Fargnoli

AbstractTo determine whether globalization is good for wine drinkers in the U.S., we examine the Wine Spectator's annual Top 100 lists, published since 1988. During this period, the average real price for these wines decreases from $43 to $26. Quality is consistent at around 93 points. Variety increases from six to twelve countries; the share of countries dominating the early lists declines from 95% to 75% over time. Our regression analysis indicates that when a New-New World wine replaces an Old World one, the average real price of the Top 100 list falls by 2.5%. (JEL Classification: F120, F140, C200)“My only regret in life is that I did not drink more champagne.” (John Maynard Keynes) (Harod, 1951, p. 15)


1998 ◽  
Vol 12 (4) ◽  
pp. 752-760 ◽  
Author(s):  
G. F. Warren

About 15 years ago, I heard several speakers saying that our crop yields were “leveling off.” This stimulated me to assemble data on the subject. The result is shown in Table 1, which gives the U.S. average yields for 10-yr periods during this century for nine crops. The increases are spectacular, varying from two- to sevenfold. Factors contributing to these increases differ from crop to crop. To obtain information on this subject, several experts on each crop were consulted, and their conclusions are summarized in the following text. Only those factors contributing to increased yields are covered. However, great improvements in efficiency of production, product quality, and reduction in soil erosion also have occurred as cultivars and production practices have changed. For most of the crops, increases in yields started in the 1940s and have increased dramatically during the rest of the century. We have not attempted to predict the future at this time, but the rate at which yields are increasing does not appear to be slowing.


2018 ◽  
Vol 81 (1) ◽  
pp. 46-65
Author(s):  
Wan-Soo Lee ◽  
Min-Kyu Lee ◽  
Seok Kang ◽  
Jae-Woong Yoo

This study explored a comparative analysis of how the South Korean and United States media framed the Samsung–Apple patent lawsuit. The South Korean and U.S. media have a tendency to report Samsung–Apple patent disputes in a completely different angle. While framing in favor of Samsung was frequent in South Korea, neutral frames were dominant in the United States. The South Korean newspapers showed a stronger nationalism in favor of Samsung, whereas the U.S. newspapers portrayed the business conflict in the market logic. The South Korean and U.S. newspapers also showed differences in framing according to the ideological characteristics of the newspaper. In South Korea, the main conservative newspaper ( Chosun Ilbo) framed the issue in favor of Samsung and the largest liberal newspaper ( Hankyoreh) revealed a tendency to frame it in favor of Apple. However, in the United States, only the main business newspaper ( Wall Street Journal) favored Apple. This study contributes to news framing research in that socio-cultural divergences, framing pool (e.g., generic frames vs. issue-specific frames), and journalistic contexts considered systematically.


2020 ◽  
Vol 89 (3) ◽  
pp. 317-346
Author(s):  
Veta Schlimgen

This article contributes to histories of formal American imperialism by telling the stories of Filipinas/os and Puerto Ricans who, after 1899, became “noncitizen American nationals.” Drawing on congressional, legal, and administrative sources, the article argues that noncitizen nationality was colonial subjecthood, a status invented to prevent island peoples from becoming U.S. citizens. Filipinas/os and Puerto Ricans were not the first U.S. colonial subjects, and this article shows how the similar status of “ward” had recently come to define the relationship between the U.S. and Native Americans. The article closes with an examination of some of the rights, liberties, opportunities, and obligations that gave substance and meaning to American colonial subjecthood in the early twentieth century.


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.


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