scholarly journals Auspolierte Kratzer

2015 ◽  
Vol 45 (179) ◽  
Author(s):  
Christoph Scherrer
Keyword(s):  
Financial Crisis ◽  
Central Place ◽  
Wall Street ◽  
Finance Capital ◽  
Financial Crisis Of 2008 ◽  
The Right ◽  
Main Message

In contrast to the widely held belief that a crisis undermines the legitimacy, and thus the hegemony, of a particular group, this article shows how finance capital retained its hegemonic position after the financial crisis of 2008. The reregulation of the sector through the Dodd-Frank Wall Street Reform Act contributed to this success. The Act keeps the regulators and Congress busy without restricting banks’ and investors’ speculative activities in any significant way. Finance capital maintains its central place in a financialized regime of accumulation. Most other fractions of capital support it. Its losses have been restricted to the area of passive support among the American public. But finance capital’s main message – that citizens have the right to keep their money and to invest it according to their preferences – continues to resonate with a sizeable portion of the American electorate.

scholarly journals ‘It’s not cricket’: Financial time and postcolonial temporalities in Joseph O’Neill’s ‘Netherland’

2018 ◽  
Vol 4 (1) ◽  
pp. 92-107 ◽  
Author(s):  
Dennis Mischke
Keyword(s):  
Financial Crisis ◽  
Wall Street ◽  
Financial Analyst ◽  
Financial Time ◽  
Market Culture ◽  
The World ◽  
Time Structures ◽  
Financial Crisis Of 2008 ◽  
Finance Capitalism ◽  
The Relationship

Based on a reading of Joseph O’Neill’s 2008 novel Netherland, this article discusses the relationship between cricket and finance capitalism from the perspective of time and temporality. Despite its function as a global commodity, cricket inserts a flow of postcolonial time into the temporal streams of transnational market culture, neoliberalism, and the increasing financialization of the world. Set in the aftermath of 9/11 and before the financial crisis of 2008, Netherland juxtaposes the deviant temporal power of cricket with the time structures of finance capitalism to illustrate how the conduct of Wall Street before the crisis can be understood as a colonial appropriation. In O’Neill’s novel, this conflict is embodied in the precarious friendship of a cosmopolitan Dutch financial analyst and a Trinidadian version of Jay Gatsby.

Who were the winners and losers in the Financial Crisis of 2008: it depends

2014 ◽  
Vol 21 (4) ◽  
pp. 447-460 ◽  
Author(s):  
James Fisher ◽  
Jim Gilsinan ◽  
Muhammed Islam ◽  
Neil Seitz
Keyword(s):  
Financial Crisis ◽  
Chief Executive Officers ◽  
Complex Mixture ◽  
Chief Executive ◽  
Wall Street ◽  
Content Type ◽  
Financial Crisis Of 2008 ◽  
Executive Officers ◽  
Gains And Losses ◽  
Practical Implications

Purpose – This paper aims to address the question of who gained and who lost in the financial crisis of 2008. Design/methodology/approach – Gains and losses were identified by groups ranging from bankers to homeowners to taxpayers. Findings – Gains and losses are not neatly split by a main street/Wall street dichotomy. Major financial institutions and their chief executive officers made huge gains followed by bigger losses, a substantial portion of which were shared by taxpayers. Homeowners and taxpayers consistently lost. Workers and real estate developers experienced a mixture of gains and losses. Practical implications – Financial legislation is affected by questions of who won and who lost. The complex mixture of gains and losses must be fully grasped if winners and losers are an important consideration in the design of legislation. Originality/value – The detailed analysis and model of winners and losers provide important lessons for legislators and regulators in all countries.

scholarly journals A model for selecting non-executive directors: The case of South African banks

2013 ◽  
Vol 10 (3) ◽  
pp. 51-60
Author(s):  
Ronald Henry Mynhardt
Keyword(s):  
United States ◽  
Corporate Governance ◽  
Financial Crisis ◽  
South African ◽  
Banking Industry ◽  
The United States ◽  
Executive Directors ◽  
Consistent Model ◽  
Financial Crisis Of 2008 ◽  
The Right

In the United States, an accusation was made that incompetent boards were ruining some of the once great American companies as the financial crisis of 2008 was a failure of corporate governance. The reason given was that the boards of these companies were private clubs and not representative democracies. Increasing levels of boardroom regulation and risk have also placed greater demands on the non-executive directors of companies meaning that selecting the candidates with the right knowledge, experience and skills is of the upmost importance. A study was conducted amongst South African banks and no consistent model of selecting non-executive directors was found. In this study a model is proposed to select the candidates with appropriate knowledge, experience and skills in the banking industry.

Integrative Approach in Law Understanding: the History of the Origin of Ideas and the Current State

2020 ◽  
Vol 2 (1) ◽  
pp. 115-130
Author(s):  
R. R. Palekha ◽  
Keyword(s):  
Central Place ◽  
Scientific Basis ◽  
Integrative Approach ◽  
Current State ◽  
History Of ◽  
Legal Thinking ◽  
Reliable Knowledge ◽  
The Right ◽  
Fat Formulation

Introduction. Right understanding is the most live, interesting and, at the same time, the uncertain and changeable area of researches which takes the central place as in the general theory of the right, and gains the increasing value in industry jurisprudence that is connected with its considerable teoretiko-methodological and applied potential which is shown in spheres of lawmaking and law-enforcement activity. Thus, right understanding represents research tools of the subject of knowledge which allow to study all range legal and, the based on them, state phenomena for the purpose of obtaining reliable knowledge of state and legal reality. In this regard integrative approach in right understanding which has rich history of the formation and development is of special interest, allows to perceive the right as integrally complete phenomenon, as much as possible retrieves its regulatory abilities and, provides achievement of criteria of scientific research: comprehensiveness, objectivity, historicism. Materials and Methods. In article an attempt of the analysis of integrative approach in right understanding from a position of history of origin of his ideas and assessment of the current state is made. A result of studying of scientific literature, generalization and comparison of the different points of view fat formulation of author’s determination of category “right understanding” and submission of the evidence-based integrative theory of right understanding which as much as possible conforms to requirements of time and has essential regulatory and guarding potential. Results. In article the category right understanding is comprehensively considered, different integrative theories of right understanding from a position of their origin and development are submitted, the value of modern integrative approach in right understanding is shown, perspectives of its further development are evaluated. Discussion and Conclusion. The author comes to the conclusion about the theoretical and methodological consistency and inevitability of the integrative approach in law understanding, which acts as a scientifically grounded type of legal thinking capable of comprehending the law on a truly scientific basis.

scholarly journals The politics of bailouts: Estimating the causal effects of political connections on corporate bailouts during the 2008–2009 US financial crisis

Public Choice ◽  
2021 ◽  
Author(s):  
Vuk Vukovic
Keyword(s):  
Financial Crisis ◽  
Financial Services ◽  
The United States ◽  
Political Campaigns ◽  
Political Connections ◽  
Troubled Asset Relief Program ◽  
Top Executives ◽  
The Government ◽  
The Right ◽  
Relief Program

AbstractIn 2008, as the financial crisis unfolded in the United States, the banking industry elevated its lobbying and campaign spending activities. By the end of 2008, and during 2009, the biggest political spenders, on average, received the largest bailout packages. Is that relationship causal? In this paper, I examine the effect of political connections on the allocation of funds from the Troubled Asset Relief Program (TARP) to the US financial services industry during the 2008–2009 financial crisis. I find that TARP recipients that lobbied the government, donated to political campaigns, or whose top executives had direct connections to politics received better bailout deals. I estimate regression discontinuity design and instrumental variable models to uncover how election outcomes for politicians in close races affected the distribution of bailout funds for connected firms. The results do not imply that some banks were deliberately favored over others, just that favored banks benefited because of their proximity to the right people in power. If being politically connected matters in general, in times of crisis it matters even more.

WMS: Revenue Model Innovation for Gaming Solutions

2016 ◽  
pp. 1-16
Author(s):  
Mohanbir Sawhney ◽  
Pallavi Goodman ◽  
Ori Broit
Keyword(s):  
Financial Crisis ◽  
Software Industry ◽  
Slot Machines ◽  
Customer Demand ◽  
Customer Needs ◽  
Technology Markets ◽  
Revenue Model ◽  
Product Manager ◽  
Revenue Models ◽  
The Right

In 2014 WMS Gaming, a manufacturer and seller of slot machines to casinos, was considering a redesign of its existing revenue model. As technology evolved and customer demand for gaming solutions intensified, new and innovative revenue models were being adopted in other technology markets. Most notably, the subscription revenue model, in which customers paid a monthly subscription fee rather than a large upfront fee, was becoming widely adopted in the software industry. Product manager Dayna Stone had the task of evaluating several revenue models and recommending one that most suited WMS's business needs and at the same time took customer needs and wishes into consideration. Complicating this decision were several factors that would have to be kept in mind. Americans' love of gaming had led to a mushrooming of casinos, which meant increased competition for casino dollars. Yet the financial crisis of 2008 and its aftermath had weakened demand for casinos. In addition, casinos, depending on the type of customers they attracted, differed in their appetite for innovation and maintenance of their slot machines. Students will step into the shoes of Dayna Stone as she undertakes the task of weighing these factors and selecting the right revenue model.

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