Constructing a New Asset Class: Property-led Financial Accumulation after the Crisis

This paper is concerned with new modes of property-led financial accumulation emerging in the wake of the 2008 financial crisis. Focusing on the US, the paper traces the creation of an asset class derived from securitizing the rental income of foreclosed homes turned rental properties. The study strategically combines conceptual agendas often pursued separately. Theories of market formation rooted in science and technology studies inform the method of analysis, so as to attend to the work of realizing markets, the role of calculative devices in market formation, and the contingent and conditional aspects of markets. This analysis reveals the single-family rental (SFR) asset class as a practical accomplishment. However, a broader framework rooted in political economy is necessary to attend to the broader significance of the SFR asset class in terms of power, politics, and the dynamics of capital accumulation. The paper particularly focuses upon the historical and geographic contingencies making it possible to conceive of a large-scale SFR market, the work of state and capital market actors in reframing repossessed singlefamily homes as rental properties and the role calculative practices played in this process, and the strategies of issuers and credit rating agencies to frame a novel asset class for institutional investors. The SFR asset class affirms the fundamental role for housing in the ideology of capital, and speaks to new entanglements of financial actors and home life as financial accumulation is adjusted to the post-crisis context. Beyond shedding light on post-crisis housing financialization, the paper demonstrates how economic geographers can carefully integrate theoretical perspectives to critically examine both the circumstances of market formation and the social, spatial, and political consequences of markets

The anthropology of money and finance : between ethnography and world history

We review here recent developments in the anthropology of money and finance, listing its achievements, shortcomings and prospects, while referring back to the discipline‘s founders a century ago. We take our departure from the work of Marcel Mauss and Karl Polanyi, both of whom combined openness to ethnographic research with a vision of world history as a whole. Since the 1960s, anthropologists have tended to restrict themselves to niche fields and marginal debates. From the 1980s the anthropological study of money and ethnographies of finance especially have taken off. Despite taking on new objects and directions, anthropologists still find it difficult to connect their situated analyses with global processes and world history. We propose some conceptual and empirical directions for research that would seek to overcome these limitations by integrating ethnography more closely with human history, while stressing the importance of money in shaping world society and in attempts to reform it.http://www.annualreviews.org/hb201

Cooling Suits, Physiological Response, and Task Performance in Hot Environments for the Power Industry

Heat stress on workers working outdoors in the power industry may result in fatigue and deterioration in task performance. This research collected and analyzed data on task performance of workers working indoors and outdoors with and without a cooling suit. The task performance was compared on the basis of heart rate, oxygen consumption, tympanic temperature, subjective responses, productivity, and error rates. Based on One-Way Analysis Of Variance (ANOVA) results, a significantly lower estimated working oxygen consumption was observed (p < .001) when the cooling suit was worn. The productivity was higher while workers wore the cooling suit as compared to no cooling suit (p = .011) whereas the error rates were significantly lower (p < .001). Also a significantly lower self-reported discomfort was observed in the neck and shoulders while working wearing the cooling suit (p = .004). This study concluded that wearing a cooling suit while working outdoors was associated with physiological benefits as well as improved task performance of the study participants