"Resolving the Eurozone Crisis--Without Debt Buyouts, National Guarantees, Mutual Insurance, or Fiscal Transfers"

One of the reasons for the failure of Europe's governing bodies to resolve the eurozone crisis is resistance to debt buyouts, national guarantees, mutual insurance, and fiscal transfers between member-states. Stuart Holland argues that none of these are necessary to convert a share of national bonds to Union bonds or for net issues of eurobonds--two alternative approaches to the debt crisis that would offset default risk and, by securing the euro as a reserve currency, contribute to more balanced global growth.

Brief of Amici Curiae in Support of Appellant, James Townsend v. Midland Funding, LLC

The Consumer Protection Clinic of the University of Maryland Francis King Carey School of Law, filed a Motion to Participate and an Amicus Brief in the case of Townsend v. Midland Funding, LLC. The case presents the question of whether documents created by third party predecessors in interest—usually a bank—may be admitted into evidence when a debt buyer plaintiff does not demonstrate personal knowledge regarding any of the foundational elements which would be required to admit the documents under the business records exception to the hearsay rule. Amici urge the Court to overturn the lower court, and hold that a debt buyer’s documents may not be admitted into evidence without the debt buyer first laying the proper foundation for the business records exception to the hearsay rule. The Clinic was joined by AARP, the National Consumer Law Center, the National Association of Consumer Advocates, and by the Maryland Legal Aid Bureau and Maryland\u27s Public Justice Center. The Brief deals with the problems of data integrity and the lack of competent, reliable evidence in lawsuits filed purchasers of charged off credit card debt, known as debt buyers. The Consumer Protection Clinic and other amici examine due process and professionalism concerns which arise when our courts (primarily Maryland\u27s District Court) do not strictly apply the special evidentiary and procedural rules which exist for small claims actions

Britain: A Suitable Case for Treatment?

SUMMARY The development of the British economy has been profoundly imbalanced, with major inequality between big and small business, and multinational and national capital. These enterprises have now established what amounts to a new meso?economic power, between conventional micro?economics and macro?economic policy, divorcing and outdating the conventional macro?micro synthesis. The emergence of a new fiscal gap, including the effective non?taxation of big business, and the undermining of incentive policies, has challenged the fiscal power of the Keynesian State. Only a major socialisation of demand and supply structures will create a basis for effective planning in a democratic framework. RESUME La Grande?Bretagne: faut?il la traiter? Le développement de l'économie britannique a témoigné d'un déséquilibre foncier : les grandes et petites entreprises, le capital multinational et national se sont caracterisés par une large mesure d'inégalité. Ces entreprises ont fini par établir l'équivalent d'un nouveau pouvoir meso?économique, se situant entre la microéconomie classique et la politique macro?économique, s'éloignant de la synthèse macro?micro classique, devenue désuète. L'apparition d'un nouvel écart fiscal, comprenant l'absence effective de taxation des grandes entreprises, et l'affaiblissement des politiques de stimulation, a mis en question la puissance fiscale de l'Etat Keynesien. Seule une socialisation majeure des structures de l'offre et la demande pourra?t?elle créer la base d'une planification effective dans un cadre démocratique. RESUMEN ¿ Es la Gran Bretaña un caso indudable que necesita tratamiento ? El desarrollo de la economía británica ha sufrido un desequilibrio profundo, si tenemos en cuenta la enorme desigualdad entre las grandes y pequeñas empresas y el capital multinacional y nacional. Las empresas han creado lo que puede considerarse como un nuevo poder meso ?económico, que se sitúa entre la microeconomía y la macroeconomía tradicionales, separando y haciendo anacrónica la síntesis macro?micro. La presencia de un nuevo bache fiscal, que incluye la exclusión efectiva de las grandes empresas en cuanto al pago de impuestos y el fracaso de las políticas de incentivos, ha puesto en cuestión el poder fiscal del Estado Keynesiano. Sólo una importante socialización de las estructuras de la oferta y de la demanda podrá crear la base de una planificación eficaz en un marco democrático

After the European Constitution: Twin Action Proposals

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Unraveling the Transcriptional Network Controlling ES Cell Pluripotency

Embryonic stem cells (ES cells) are powerful tools for genetic engineering and hold significant potential for regenerative medicine. Recent work provides new insights into ES cell pluripotency and delineates separate transcriptional pathways in ES cells for maintenance of the undifferentiated state and for self-renewal

Embryonic stem cell-specific signatures in cancer: insights into genomic regulatory networks and implications for medicine

Embryonic stem (ES) cells are of great interest as a model system for studying early developmental processes and because of their potential therapeutic applications in regenerative medicine. Obtaining a systematic understanding of the mechanisms that control the 'stemness' - self-renewal and pluripotency - of ES cells relies on high-throughput tools to define gene expression and regulatory networks at the genome level. Such recently developed systems biology approaches have revealed highly interconnected networks in which multiple regulatory factors act in combination. Interestingly, stem cells and cancer cells share some properties, notably self-renewal and a block in differentiation. Recently, several groups reported that expression signatures that are specific to ES cells are also found in many human cancers and in mouse cancer models, suggesting that these shared features might inform new approaches for cancer therapy. Here, we briefly summarize the key transcriptional regulators that contribute to the pluripotency of ES cells, the factors that account for the common gene expression patterns of ES and cancer cells, and the implications of these observations for future clinical applications

Kaldor after Ricardo, Keynes, and Kalecki: Perspectives on theory and policies

Nicholas Kaldor was a progressive force in economics who made several major contributions, which are well covered by other contributors to this issue in his memory. Yet, like most first generation Keynesians, he stayed within the paradigm of The Concluding Notes to the General Theory, in which Keynes claimed that provided the State intervened to manage the level of demand, the supply side of an economy could be left to the processes of perfect or imperfect competition, whereas Kalecki realised that oligopoly could influence both macroeconomic aggregates and policies. Like Keynes, he also assumed, with Ricardo, that trade was between different firms in different countries rather than recognising that capital already was multinational and that this could qualify both exchange rate changes such as that of the sterling in 1967 and his regional employment premium and selective employment tax

Beyond indicative planning

Presenta un analisis historico y teorico de la planificacion para el desarrollo a nivel mundial