Description : The Netherlands is experiencing strong growth and tight labour markets, with favourable economic prospects and sound public finances. But there are downward financial risks to the economic outlook and the country is exposed to Brexit. Looking forward, reforms are needed to move toward a more ...
Description : This book explores recent developments in environmental cost-benefit analysis (CBA). This is defined as the application of CBA to projects or policies that have the deliberate aim of environmental improvement or are actions that affect, in some way, the natural environment as an indirect consequence
Author by : National Academies of Sciences, Engineering, and Medicine
Language : en
Publisher by : National Academies Press
Format Available : PDF, ePub, Mobi
Total Read : 65
Total Download : 584
File Size : 55,8 Mb
Description : Skilled technical occupationsâ€"defined as occupations that require a high level of knowledge in a technical domain but do not require a bachelorâ€™s degree for entryâ€"are a key component of the U.S. economy. In response to globalization and advances in science and technology, American firms are demanding workers with greater proficiency in literacy and numeracy, as well as strong interpersonal, technical, and problem-solving skills. However, employer surveys and industry and government reports have raised concerns that the nation may not have an adequate supply of skilled technical workers to achieve its competitiveness and economic growth objectives. In response to the broader need for policy information and advice, Building Americaâ€™s Skilled Technical Workforce examines the coverage, effectiveness, flexibility, and coordination of the policies and various programs that prepare Americans for skilled technical jobs. This report provides action-oriented recommendations for improving the American system of technical education, training, and certification.
Description : Why is unemployment so low in Switzerland but so high in Spain? Why is social housing more successful in Singapore than in France? Why do welfare states across the world function so differently to Britain's? The twentieth century experienced an epochal war between capitalism and communism, but the real winner of the conflict, James Bartholomew argues, was welfare statism. The defining form of government of our age, welfare states have spread across the advanced world and are changing the very nature of modern civilisation. In his bestselling book The Welfare State We're In, Bartholomew controversially argued that the British welfare state has done more harm than good. Many people - including Lady Thatcher - responded by saying, 'If that is the case, what should we do about it?' Now, in this hard-hitting and provocative new contribution, Bartholomew sets out to answer that question. Travelling across the globe, from Australia in the east to San Francisco in the west, he investigates what happens elsewhere in the world and considers which welfare models Britain could potentially follow. His search for the best education, healthcare and support services takes him to eleven vastly different countries as he teases out the advantages and weaknesses of other nations' welfare states and delves into crucial issues such as literacy, poverty and inequality. What damage is being done by failing welfare states? What lessons can be learned from the best welfare states? And is it too late to stop welfare states permanently diminishing the lives and liberties of people around the world?
Description : We survived the zombie apocalypse, but how many of us are still haunted by that terrible time? We have (temporarily?) defeated the living dead, but at what cost? Told in the haunting and riveting voices of the men and women who witnessed the horror firsthand, World War Z, a #1 New York Times bestseller and the basis for the blockbuster movie, is the only record of the plague years.
Description : Inhaltsangabe:Introduction: The 1980 s saw the creation of a new form of corporate takeover: Leveraged Buy-Outs. Extensively discussed, they led to a widespread public debate on corporate governance in the US that culminated in a 1989 congressional hearing on the possible implications of leveraged Buy-Outs for the economy. The public picture was clear: The Barbarians at the Gate travelled in pin-striped suits knocking on executives doors while asking for their seat in the corporate boardroom. Actions such as, paying for acquisitions with borrowed money, cutting jobs, stealing tax money from the state through increased leverage and selling the firms after a couple of years for a huge profit, all contributed to the image of LBO financiers as corporate raiders. Not only within the public spectre, but moreover, economic literature seriously criticised the one-off gains and zero-sum sources of value associated with leveraged Buy-Outs. Summers labels the private benefit of LBO shareholders as being achieved at the expense of other stakeholder groups, misevaluations and future growth opportunities. Despite this, advocates of this new form of organisation were to be found. Not only did investors searching for higher returns in a low interest environment, welcome the advent of the LBO asset class, but moreover literature began to develop awareness of the benefits of those transactions. The solution to acute incentive problems found in public corporations, which this new form of takeover was able to offer led Jensen to remark: The last share of publicly traded common stock will be sold in 2003 . Knowledge of this new acquisition technique quickly began to reach Europe and by 1989 the total value of Buy-Out transactions undertaken reached bn 6.5 in the old continent, a 70% year on year increase from 1981. After a fall in Buy-Out activity in the late 1990 s transactions have recently increased with prominent examples in 2003 including the bn 1.05 takeover of BertelsmannSpringer, the science and business media publishing unit of Bertelsmann, by UK financial sponsors Cinven and Candover and the bn 5.7 takeover of Seat PagineGialle by a consortium of BC Partners, CVC Capital Partners, Investitori Associati, and Permira, Europe s biggest Buy-Out in 2003. Of particular interest to both the academic and financial communities, is the aspect of their financing structure. Why are LBOs financed with so much debt? How are the complicated financing structures [...]
Description : Securitization was meant to disperse credit risk to those who were better able to bear it. In practice, securitization appears to have concentrated the risks in the financial intermediary sector itself. This paper outlines an accounting framework for the financial system for assessing the impact of securitization on financial stability. If securitization leads to the lengthening of intermediation chains, then risks becomes concentrated in the intermediary sector with damaging consequences for financial stability. Covered bonds are one form of securitization that do not fall foul of this principle. I discuss the role of countercyclial capital requirements and the Spanish-style statistical provisioning in mitigating the harmful effects of lengthening intermediation chains.