The Stock Market as a Value-Extracting Institution

2019 ◽  
pp. 41-68
Author(s):  
William Lazonick ◽  
Jang-Sup Shin
Keyword(s):  
Twentieth Century ◽  
Stock Market ◽  
Conventional Wisdom ◽  
First Century ◽  
Relative Importance ◽  
Corporate Sector ◽  
Market Control ◽  
A Value ◽  
And Control ◽  
The U.S

This chapter debunks the conventional wisdom that the primary function of the stock market is to be a value-creating institution, raising cash for corporations by pointing to the fact that the separation of ownership and control in the past occurred because of a managerial constraint, not a capital constraint, as well as the fact that, throughout the twentieth century and continuing in the twenty-first century, the U.S. stock markets have been net extractors of money from the corporate sector. The chapter explains the five general functions of the stock market: Control; Cash; Creation; Combination; and Compensation. It then analyzes how a broad adoption of the MSV view changed the relative importance of those functions and eventually brought about the imbalance between value creation and value extraction.

Progressive Counterinsurgency and COIN

American Datu ◽  
2020 ◽  
pp. 243-266
Author(s):  
Ronald K. Edgerton
Keyword(s):  
Twentieth Century ◽  
Marine Corps ◽  
First Century ◽  
Full Spectrum ◽  
Early Twentieth Century ◽  
Twenty First Century ◽  
The U.S

This last chapter compares and contrasts the Progressive counterinsurgency strategy implemented by John J. Pershing in the Muslim Philippines with twenty-first-century counterinsurgency (COIN) guidelines as set forth in The U.S. Army * Marine Corps Counterinsurgency Field Manual, first published in 2006. It argues that although modern COIN ideas have much to recommend them, American officers engaged in combatting Islamic militants today would be wise to study Pershing’s full-spectrum but more limited approach to counterinsurgency among Philippine Moros in the early twentieth century.

Conspiracy Theories in U.S. History

2018 ◽  
pp. 285-297
Author(s):  
Kathryn S. Olmstead
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
African Americans ◽  
Early Republic ◽  
First Century ◽  
Conspiracy Theories ◽  
Twenty First Century ◽  
The U.S

Although many Americans believe that conspiratorial thinking is reaching new heights in the twenty-first century, conspiracy theories have been commonplace throughout U.S. history. In the colonial and early republic eras, Americans feared that Catholics, Jews, Masons, Indians, and African Americans were plotting against them. In the nineteenth century they added international bankers, rich businessmen, and Mormons to the list of potential conspirators. In the twentieth century, conspiracy theories continued to evolve, and many Americans began to suspect the U.S. government itself of plotting against them. These theories gained more credibility after the revelation of real government conspiracies, notably CIA assassination plots, the Watergate scandal, and the Iran–-Contra affair.

TRANSFORMATION OF MYKOLA KHVYLOVYI'S BASIC CONCEPTS OF PAMPHLETISTICS IN UKRAINIAN JOURNALISTIC DISCOURSE

2021 ◽  
Vol 12 (1) ◽  
pp. 63-73
Author(s):  
Solomiia Khorob
Keyword(s):  
Twentieth Century ◽  
Value Orientation ◽  
First Century ◽  
The Other ◽  
The Unconscious ◽  
A Value ◽  
Central Set ◽  
Basic Concepts ◽  
Main Determinants ◽  
Historical Comparative

The purposeof the article is to interpret the main determinants of the literary discussion of 1925–1928 years in the development of Ukrainian journalism during the XXth –early XXIst centuries.Research methodsthat enablethe implementation of the purpose and objectives: cultural-historical, comparative and hermeneutic, as well as the method of receptive aesthetics.Results and discussion. The article examines the ways of transformation of key provisions from the pamphletsof Mykola Khvylovyi in the journalistic activity of the scientist Yurii Sherekh, the writer Oksana Zabuzhko and the theater director Vlad Troiitskyi. Ideas such as “psychological Europe”, “Asian renaissance” and “romance of vitalism” are taken into account.It is proved that the concept of “psychological Europe” is significantly transformed in the works of Yurii Sherekh and Oksana Zabuzhko. Unlike Mykola Khvylovyi, the diaspora scholar notes the impossibility of such a value orientation, because provincialism as a central set of Ukrainians (according to Yurii Sherekh), in fact denies this possibility.It is noted that Oksana Zabuzhko, on the other hand, continues to develop this determinant in her essays, agreeing with the pamphleteer, but in modern coordinates it is necessary to focus on psychological America, not Europe. Thus, two interpretive views on this concept are traced and substantiated that is complete denial and rewriting of the idea.The comprehension of “Asian Renaissance” and the “romance of vitalism” determinants is interpreted through skepticism and the impossibility of these processes (Yurii Sherekh), through the addition of the concept –“Afro-Asian Renaissance” –to the unconscious support and relevance of the idea in modern Ukrainian processes.Conclusions.The study confirms the development and longevity of the concepts that are implemented in journalism, because chronologically the article covered materials written in different periods –from the first decades of the twentieth century tothe first decades of the twenty-first century.

CLIMATE CHANGE SCENARIOS FOR THE U.S. NATIONAL ASSESSMENT

2003 ◽  
Vol 84 (12) ◽  
pp. 1711-1724 ◽  
Author(s):  
Michael C. MacCracken ◽  
Eric J. Barron ◽  
David R. Easterling ◽  
Benjamin S. Felzer ◽  
Thomas R. Karl
Keyword(s):  
Climate Change ◽  
Twentieth Century ◽  
Climate Models ◽  
Climatic Conditions ◽  
First Century ◽  
Climate Change Scenarios ◽  
Climate Scenarios ◽  
National Assessment ◽  
Twenty First Century ◽  
The U.S

In support of the U.S. National Assessment of the Potential Consequences of Climate Variability and Change, climate scenarios were prepared to serve as the basis for evaluating the vulnerability of environmental and societal systems to changes projected for the twenty-first century. Since publication of the results of the assessment at the end of 2000, the National Research Council's report Climate Change Science: An Analysis of Some Key Questions, and the U.S. government's U.S. Climate Action Report—2002 have both relied on the assessment's findings. Because of the importance of these findings, it is important to directly address questions regarding the representativeness and usefulness of the model-based projections on which the findings were based. In particular, criticisms have focused on whether the climate models that were relied upon adequately represented twentieth-century conditions and whether their projections of conditions for the twenty-first century were outliers. Reexamination of the approach used in developing and evaluating the climate scenarios indicates that the results from the two primary climate modeling groups that were relied upon allowed the generation of climate scenarios that span much of the range of possible future climatic conditions projected by the larger set of model simulations, which was compiled for the IPCCs Third Assessment Report. With the set of models showing increasing agreement in their simulations of twentieth-century trends in climate and of projected changes in climate on subcontinental to continental scales, the climate scenarios that were generated seem likely to provide a plausible representation of the types of climatic conditions that could be experienced during the twenty-first century. Warming, reduced snow cover, and more intense heavy precipitation events were projected by all models, suggesting such changes are quite likely. However, significant differences remain in the projection of changes in precipitation and of the regional departures in climate from the larger-scale patterns. For this reason, evaluating potential impacts using climate scenarios based on models exhibiting different regional responses is a necessary step to ensuring a representative analysis. Utilizing an even more encompassing set of scenarios in the future could help move from mainly qualitative toward more certain and quantitative conclusions.

American Voter Turnout

2019 ◽  
pp. 15-34
Author(s):  
Daron R. Shaw ◽  
John R. Petrocik
Keyword(s):  
Nineteenth Century ◽  
Voter Turnout ◽  
Conventional Wisdom ◽  
First Century ◽  
Partisan Bias ◽  
Individual Level ◽  
History Of ◽  
Voting Requirements ◽  
The Individual ◽  
The U.S

This chapter provides a brief history of voter turnout in the U.S. It documents growth from a small electorate to one that mobilized some 80 percent of eligible voters by the middle of the nineteenth century, and a decline to lower turnout through much of the twentieth and into the twenty-first century despite repeated extensions of the franchise and less restrictive registration and voting requirements. Variation in contemporary turnout is examined in some detail in order to clarify the individual-level relationships that lead to the conventional wisdom concerning a partisan bias to turnout. Differences in turnout and party dynamics with otherwise comparable countries are also assessed.

Humanitarian emergencies

2021 ◽  
pp. 719-738
Author(s):  
Craig Spencer ◽  
Les Roberts
Keyword(s):  
Twentieth Century ◽  
Risk Management ◽  
Disaster Preparedness ◽  
Humanitarian Assistance ◽  
First Century ◽  
Relative Importance ◽  
Humanitarian Relief ◽  
Humanitarian Emergencies ◽  
Technical Advances ◽  
The Cold War

The field of humanitarian assistance advanced spectacularly over the last half of the twentieth century. Prolonged high-mortality crises common in the Cold War era have become rare, corresponding with an increase in international spending, a healthier world, and the politicization of humanitarian assistance. This has created a completely new environment for relief workers in the twenty-first century. This new environment requires an emphasis on chronic diseases, urban settings, and people displaced within their own country. The relative importance of natural disasters has also resulted in a new set of skills deemed essential for humanitarian relief. The concepts of disaster preparedness, risk management, and disaster recovery have become central to the humanitarian endeavour and often these responsibilities fall on the shoulders of host governments. This chapter reviews the new environment in which humanitarian relief exists, the dominant emerging themes, and some of the promising technical advances.

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