Lineaments in the Grand Canyon area, northern Arizona - A radar analysis

Side-looking radar analysis of Grand Canyon Arizona geomorpholog

Expectations and the core rate of inflation

A comparison of actual inflation rates with expected inflation rates generated by a wide variety of econometric models, concluding that expected inflation may serve as an effective guide to monetary policy.Inflation (Finance)

The high-yield debt market: 1980-1990

A review of the growth of the junk bond market, the trends that contributed to its expansion, and the impact of recent events on its viability.Corporate bonds ; Corporations - Finance

Reflections on the 2017 HEA STEM conference: graduate employability challenges and solutions

Professor Marshall, in her conference opening remarks, asked ‘What is a university for?’ She then discussed the need for higher education to develop graduates who can offer solutions to global challenges, but that this needs to include not only core skills for each discipline but also wider graduate skills that employers require. Professor Wakeham, in his keynote, questioned whether our current approach to employability development is working, for STEM undergraduates, highlighting the poor employment rates for STEM UK graduates. In this Conference Reflection article, we will respond to the issues raised above by considering what the overarching challenges are for universities trying to teach employability and graduateness. Drawing on the conference keynotes, employer-led reports and using the reviews of Shadbolt and Wakeham, we will consider what problems and issues exist and what solutions are being devised, reflecting on the successes and difficulties reported on at the Manchester conference

Information and voting power in the proxy process

We document shareholder support for wealth-decreasing changes in corporate governance in the form of antitakeover charter amendments. the enactment of these amendments is shown to be related to ownership structure. This gives rise to a sample selection bias that contaminates traditional event-study results and explains the discrepancy between our findings and those reported in previous studies. We also provide evidence that strategic behavior by managers plays a role in the adoption of these amendments.Stockholders ; Consolidation and merger of corporations

The long term impact of structural economic change on government spending

Botswana's current economic objectives centre on diversification away from its historical dependence on diamonds and government. Such diversification will change the structure of the economy and has important implications for the ability of government to raise revenue trough taxation and therefore for its ability to finance its expenditure. This paper explores the likely impact of diversification on government's revenue raising ability and hence on the magnitude of its size of government. The key point is that any diversification will cause government revenues to fall in relative terms. The diamond sector is extremely profitable and those profits are taxed at a very high rate: as the economy diversifies other sectors will emerge that will be less profitable and less highly taxed. The projections in this paper show that under a variety of different assumptions about sectoral growth rates and taxation and spending. Government will have to significantly reduce its role in the economy. Such a change will have major implications for choices to be made about the allocation of public expenditure

The performance of worker co-operatives in a capitalist economy: British co-operatives in printing, clothing and wholefoods, 1975-1985

This thesis aims to contribute to the debate on the role and potential of worker co-operatives in a capitalist economy, and analyses the development of the co-operative sector in Britain since the mid-1970s in the context of an economy undergoing a major crisis and restructuring. Part One examines competing theoretical perspectives in economics towards co-operatives. This reviews and criticises the orthodox neoclassical and behavioural approaches, before turning to a marxist analysis and developing it in the context of co-operatives' role as small enterprises in an economy dominated by large firms. The analysis concentrates upon co-operatives' market relationships and competitive position as the mechanism through which they interact with the rest of the economy. Part Two moves from theory to the concrete, and examines the performance of workers co-operatives as commercial enterprises, in three industries (printing, clothing manufacture, and wholefood distribution) which demonstrate contrasting relationships between large and small firms. It includes an overview of the development and characteristics of the co-operative sector, before investigating the financing of co-operative and their commercial performance. This is then explained in the context of the political and economic development of the co-operative sector, of the British economy, and developments in the industries in question. It finds that whilst the performance of co-operative has improved over time, it remains worse than that of competing capitalist firms in terms of wage levels and capacity to generate a reinvestible surplus. Part Three builds upon this work to identify the important conditions and processes which have contributed to the rapid growth and development of the co-operative sector in Britain, and seeks to develop a broad understanding of the means by which the degeneration of co-operative can be avoided. It concludes that the resurgence and growth of co-operative must be located in the particular form of economic restructuring taking place in the early 1980s. The establishment and survival of co-operatives has been dependent upon support for workers' initiatives by the state, and on the nature of market processes in particular areas of the economy. However, these conditions are transient and the future development of the co-operative sector is crucially dependent upon the long term support of the state and the labour movement

A revision of the Lepidoptem of Tasmania

Tasmania is rich in Lepidoptera. The species are numerous, very interesting, but have been very little studied. There is a great want of resident collectors and observers and it is to encourage these that this revision has been planned. The classification adopted is that used in Dr. Tillyard's recent book. It is a revision of species only; no notice is taken of local races (usually, but unfortunately, called subspecies). To each genus and species is added the name of its author. Synonyms are excluded, and after each species there is given a single reference, not necessarily to the original description, but to the best available description for the local student. Where this description appears under another name, that name is added in brackets. Genera and species which have not been recorded outside Tasmania are distinguished by a -*. Tasmania was united to the mainland during the lifetime of existing species in Pleistocene times. A period of glaciation, which occurred during this connection, covered the mountains with snowfields, while the lower areas supported a fauna which has since then been restricted to alpine regions. In this way we explain the occurrence of a number of identical species in the widely separated areas of Cradle Mountain and the Australian Alps. Much of the old Tasmanian fauna, not able to withstand these rigorous conditions, must have been driven northwards, to return with the resumption of a milder climate, probably with some impoverishment, which was compensated by a large immigration of Australian forms. The whole fauna is now preponderatingly Australian, but a relatively small proportion of peculiarly Tasmanian forms still survive, mostly in the mountains