81 research outputs found

    Huddle Up: Using Mediation to Help Settle the National Football League Labor Dispute

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    In a patient transferred from Togo to Cologne, Germany, Lassa fever was diagnosed 12 days post mortem. Sixty-two contacts in Cologne were categorised according to the level of exposure, and gradual infection control measures were applied. No clinical signs of Lassa virus infection or Lassa specific antibodies were observed in the 62 contacts. Thirty-three individuals had direct contact to blood, other body fluids or tissue of the patients. Notably, with standard precautions, no transmission occurred between the index patient and healthcare workers. However, one secondary infection occurred in an undertaker exposed to the corpse in Rhineland-Palatinate, who was treated on the isolation unit at the University Hospital of Frankfurt. After German authorities raised an alert regarding the imported Lassa fever case, an American healthcare worker who had cared for the index patient in Togo, and who presented with diarrhoea, vomiting and fever, was placed in isolation and medevacked to the United States. The event and the transmission of Lassa virus infection outside of Africa underlines the need for early diagnosis and use of adequate personal protection equipment (PPE), when highly contagious infections cannot be excluded. It also demonstrates that larger outbreaks can be prevented by infection control measures, including standard PPE

    Lehren der theoretischen Wirtschaftspolitik zur deutschen Währungskonversion von 1990 | Ein nicht nur historischer Beispielsfall

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    Economic theory lessons from the 1990 German economic and monetary union - not only an historical case Because of the paradigms of economic theory, lessons ought to be drawn from Germany’s economic and monetary union which are of relevance for economic and monetary unions elsewhere and for other transformation tasks in East and West. The German case shows the great importance that is to be attached to observing theoretical interrelationships. This contribution initially analyzes and criticizes the fact that system-theory knowledge developed over a number of decades have not been observed by most economists and by most politicians. Moreover, the optimum monetary-area theorem was passed over lightly in this process of transformation; the previously possible solutions no longer stand a chance of being realized. The consequence is large-scale “classical” unemployment in the East as a result of lacking means of production and lacking flexibility. The enormous capital transfers caused thereby are used for satisfying increasing demand in the Keynesian sense. The demand focuses on Western-made products for the most part - a sisyphean syndrome

    Subsidiarität: Ein Wort macht Politik

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    Einige Auswirkungen der Währungspolitik auf den finanziellen Sektor

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    Some Effects of Monetary Policy on the Financial Sector The first part of the paper deals with monetary effects of current monetary policy arrangements which can be derived from the monetary theory of the balance of payments and purchasing power parity theory. The author reaches the conclusion that the theory of purchasing power parity cannot be applied to the relationship of European currencies to the dollar, because the exchange rate movements are not “independent” (G. Cassel). There can be no question of a failure of the theorem because the prerequisites for its functioning are lacking. In general, therefore, the monetary approach of balance-ofpayments theory is applicable and thus there is a direct (international) interrelationship of interest rates. Countries with a relatively low interest rate (and relatively little inflation) become capital-exporting countries in two senses: As preferred lender countries for foreign borrowers, and in consequence of the tendency of domestic investors to switch to countries with a relatively higher nominal interest level. Concrete effects of this circumstance on the business policy of the banks are examined in the second part of the paper. In particular, an analysis is undertaken of business policy consequences arising from substitution of the risk of interest rate changes for the exchange rate ris
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