Slowing the treadmill for a good life for All? German trade union narratives and social-ecological transformation

The “treadmill of production” economic system increasingly threatens to undermine the foundations of future human welfare. While urgent action is needed, conceptualisations of “the good life” (TGL) as the “imperial mode of living” (IML) of overconsumption are justifications upholding the system and driving forces behind the crises. German trade unions, which, as part of the historic bloc of the growth coalition, have tried to delay climate action in the name of jobs through “praising work”, have supported the hegemonic common sense of IML-TGL. This is an obstacle to environmental union organisation and progressive coalitions for social-ecological transformation. To investigate whether and to what extent divergent good sense counter-hegemonic narratives are present within German trade union discourses, we analyse the narratives of TGL and good work within the three biggest German unions – ver.di, IG Metall, and IG BCE – using Gramsci’s theory of common sense. We find that counter-narratives of TGL are present to different degrees within the unions and amongst interviewees. These can provide entry points for counter-hegemonic narratives of TGL and alliances with societal actors fighting for “solidary modes of living”, or a Good Life for All within planetary boundaries

Effect of the Mechanism Transfer Function on the Positioning Law

Parametric synthesis of mechanical system consisting of actuator, transfer mechanism and control device is considered. Planar and spatial mechanisms with one degree of freedom can be included in the system. Mechanism structure and the type of the actuator are considered to be given preliminary.     Keywords: synthesis, mechanism, drive, contro

Capturing Model Risk and Rating Momentum in the Estimation of Probabilities of Default and Credit Rating Migrations

We present two methodologies on the estimation of rating transition probabilities within Markov and non-Markov frameworks. We first estimate a continuous-time Markov chain using discrete (missing) data and derive a simpler expression for the Fisher information matrix, reducing the computational time needed for the Wald confidence interval by a factor of a half. We provide an efficient procedure for transferring such uncertainties from the generator matrix of the Markov chain to the corresponding rating migration probabilities and, crucially, default probabilities. For our second contribution, we assume access to the full (continuous) data set and propose a tractable and parsimonious self-exciting marked point processes model able to capture the non-Markovian effect of rating momentum. Compared to the Markov model, the non-Markov model yields higher probabilities of default in the investment grades, but also lower default probabilities in some speculative grades. Both findings agree with empirical observations and have clear practical implications. We illustrate all methods using data from Moody's proprietary corporate credit ratings data set. Implementations are available in the R package ctmcd.Comment: 22 pages, 5 Figures, 4 Tables. To Appear in Quantitative Financ

Information mobility in complex networks

The concept of information mobility in complex networks is introduced on the basis of a stochastic process taking place in the network. The transition matrix for this process represents the probability that the information arising at a given node is transferred to a target one. We use the fractional powers of this transition matrix to investigate the stochastic process at fractional time intervals. The mobility coefficient is then introduced on the basis of the trace of these fractional powers of the stochastic matrix. The fractional time at which a network diffuses 50% of the information contained in its nodes (1/ k50 ) is also introduced. We then show that the scale-free random networks display better spread of information than the non scale-free ones. We study 38 real-world networks and analyze their performance in spreading information from their nodes. We find that some real-world networks perform even better than the scale-free networks with the same average degree and we point out some of the structural parameters that make this possible

Abstinence-Only Education and Teen Pregnancy Rates: Why We Need Comprehensive Sex Education in the U.S

The United States ranks first among developed nations in rates of both teenage pregnancy and sexually transmitted diseases. In an effort to reduce these rates, the U.S. government has funded abstinence-only sex education programs for more than a decade. However, a public controversy remains over whether this investment has been successful and whether these programs should be continued. Using the most recent national data (2005) from all U.S. states with information on sex education laws or policies (N = 48), we show that increasing emphasis on abstinence education is positively correlated with teenage pregnancy and birth rates. This trend remains significant after accounting for socioeconomic status, teen educational attainment, ethnic composition of the teen population, and availability of Medicaid waivers for family planning services in each state. These data show clearly that abstinence-only education as a state policy is ineffective in preventing teenage pregnancy and may actually be contributing to the high teenage pregnancy rates in the U.S. In alignment with the new evidence-based Teen Pregnancy Prevention Initiative and the Precaution Adoption Process Model advocated by the National Institutes of Health, we propose the integration of comprehensive sex and STD education into the biology curriculum in middle and high school science classes and a parallel social studies curriculum that addresses risk-aversion behaviors and planning for the future

The Emerging 'Post-Doha' Agenda and the New Regionalism in the Asia-Pacific

This paper considers emerging commercial policy challenges facing the Asia-Pacific region in light of the impasse reached at the Eighth World Trade Organization (WTO) Ministerial Meeting in December 2011. It underscores that, while marginal liberalization of trade barriers under the Doha Development Agenda may not be forthcoming in the short- or even medium-term, the WTO has been successful in erecting a rules-based system of global governance and continues to be extremely important to the future health of the international trading system. Nevertheless, one can expect the current trend toward bilateral and regional free-trade areas (FTAs) will continue, particularly since it is easier to make progress toward "deep integration" in a smaller group of like-minded countries than in the context of the general WTO membership. This paper considers how the FTA trend is developing in the Asia-Pacific region and what its prospects are in the future. It stresses that regional - as opposed to bilateral - arrangements will be essential to the region for economic (e.g., supporting regional production networks) as well as diplomatic-political goals. This "new regionalism" which has been supported by Asia-Pacific Economic Cooperation (APEC), will lead to significant reductions in the costs associated with bilateral FTAs (e.g., lower costs associated with rules of origin, improved utilization rates) and has many advantages over "noodle-bowl" bilateralism

Regional Monitoring of Capital Flows and Coordination of Financial Regulation: Stakes and Options for Asia

The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and financial channels, underscoring how vulnerable the region is to external shocks. This paper explores the microeconomic origins of the financial crisis and endeavors to ascertain how crises might be mitigated in the future through better regulation, supervision, and institution-building. Moreover, it makes the case for closer economic cooperation in order to internalize key externalities associated with modern global finance. This cooperation, in turn, should take place at the appropriate level, with incentives for cooperation at the global, regional, and subregional levels. It explores the potential for the creation of an Asian Financial Stability Board and deepening other initiatives in Association of Southeast Asian Nations (ASEAN)+3 and ASEAN forums. However, it stresses that the most important financial reforms in Asia will need to take place at the national level

Changing Commercial Policy in Japan During 1985-2010

In this paper we examine the changing nature of Japan's commercial policy over the last 25 years while reviewing Japan's changing structure of trade, FDI and economy that underlay policy changes. We argue that until the late 1990s Japan adopted a two-track approach of relying on multilateral liberalization under the GATT/WTO and open regionalism under Asia-Pacific Economic Cooperation (APEC) on the one hand and on the bilateral trade relationship with the US on the other. Although the Japan-US bilateralism sometimes resulted in managed trade and encountered negative perceptions of the US approach in Japan, overall, it had a positive impact on the Japanese economy in opening domestic markets through various reforms and deregulation measures. Japan's more recent commercial policy focuses on bilateral and plurilateral economic partnership agreements particularly with - but not limited to - East Asian economies. We argue that agricultural sector liberalization is key to the further integration of Japan with the Asian and global economies