Whose job is that? Saving the biosphere starts at work

Research on sustainability programs within universities consistently emphasizes that sustainability requires a combination of factors so as to move beyond the significant-but-often-limited activities such as recycling and energy saving to achieve systemic implementation. This study applied Brennan and Binney’s 9Ps Framework for Organizational Sustainability to investigate sustainability practices of member universities of ACTS (Australian Campuses Towards Sustainability). A questionnaire based on qualitative research obtained data from 25 of the 27 member universities. Data analysis including descriptive statistics, ANOVA, correlation analysis, and gap analysis was used to determine the relationships between “importance” and “performance” of the behaviors under investigation. Over the 9Ps, 27 items were used to identify important aspects of environmental sustainability. The same items were assessed for whether or not these actions were being performed in the university. It was generally found that while many universities had policies in place, these were not being implemented and sustainability practices were not maintained. Significant differences were found between the aspects perceived to be important by the “expert” respondents and those actually being performed by staff. Management could use these findings to address the gap between importance and performance of sustainable practices. Further study to identify the specific barriers to widespread adoption of these sustainable initiatives is suggested.

Intensity and authenticity: the duty to give real and genuine consideration in the context of superannuation trusts

 This article critically examines the suitability of the duty of a trustee to give real and genuine consideration when exercising discretionary powers in superannuation or pension trusts. The article reviews the rearticulation by the Australian High Court in Finch v Telstra of a ‘more intense’ real and consideration duty for superannuation trustees. It argues that this revised duty should be regarded as a temporary solution because longer term, the unique legal structure and social context of the superannuation trust demands judicial implementation of a substantively new, multilayered obligation that promotes reasonable, fair, and informed decision-making.

Saving the United States from lurching to another sentencing crisis: taking proportionality seriously and implementing fair fixed penalties

We make recommendations regarding how the United States cansignificantly lower its incarceration rate, while at the same time ensuring that community safety is not diminished. Moreover, we identify and recommend a consolidation and extension of the positive aspects of the current sentencing regime.

November 1999: Saving the Appearances

http://digitalcommons.winthrop.edu/deanscorner/1007/thumbnail.jpg

Economic growth with foreign saving?

Highly indebted countries, particularly the Latin American ones, presented dismal economic outcomes in the 1990s, which are the consequence of the ‘growth cum foreign savings strategy’, or the Second Washington Consensus. Coupled with liberalization of international financial flows, such strategy, which did not make part of the first consensus, led the countries, in the wave of a new world wide capital flow cycle, to high current account deficits and increase in foreign debt, ignoring the solvency constraint and the debt threshold. In practical terms it involved overvalued currencies (low exchange rates) and high interest rates; in policy terms, the attempt to control de budget deficit while the current account deficit was ignored. The paradoxical consequence was the adoption by highly indebted countries of ‘exchange rate populism’, a less obvious but more dangerous form of economic populism.

Saving-capm: uma proposta de solução para o equity premium puzzle do consumption-capm

Em 1985, Mehra e Prescott levantaram uma questão que até hoje não foi respondida de forma satisfatória: o prêmio de risco das ações americanas é muito maior do que poderia ser explicado pelo “paradigma neoclássico de finanças econômicas” (financial economics) representado pelo modelo C-CAPM. E, a partir de então, este problema não resolvido ficou conhecido como o “Equity Premium Puzzle” (EPP) ou o “Enigma do Prêmio (de risco) das Ações”. Este enigma estimulou a produção de uma série de artigos, dissertações e teses que tentaram ajustar os modelos intertemporais de utilidade esperada aos dados dos mercados financeiros. Dentro deste contexto, esta tese busca (i) revisar a evolução histórica da teoria dos modelos de maximização da utilidade intertemporal dos agentes, (ii) analisar os pressupostos e conceitos chaves desses modelos, (iii) propor um novo modelo que seja capaz de solucionar o EPP, (iv) aplicar este modelo proposto aos dados históricos anuais entre 1929 e 2004 e (v) validar a lógica deste modelo através das metodologias Mehra-Prescott e Hansen-Jagannathan. Esta tese faz uma crítica de que os estudos até aqui desenvolvidos tentaram explicar a dinâmica de um mercado financeiro altamente sofisticado, através de um modelo de economia não-monetária e de subsistência. Assim, a sua contribuição consiste na alteração desse pressuposto de uma economia de subsistência, considerando que a renda disponível do setor privado não seja integralmente consumida, mas que também possa ser poupada. Assumindo que as pessoas obtêm satisfação (utilidade) tanto pelo consumo atual como pela poupança atual (que será o consumo futuro), será deduzido que a utilidade marginal de consumir é igual à de poupar, em todo e qualquer período. Com base nisso, a utilidade marginal a consumir é substituída pela utilidade marginal de poupar dentro do modelo básico do C-CAPM. Para reforçar a idéia de que o modelo desta tese usa dados de poupança em vez de consumo, ao longo do trabalho ele será chamado de Sanving-CAPM, ou S-CAPM. Este novo modelo mostrou-se capaz de solucionar o EPP quando submetidas às abordagens Mehra-Prescott e Hansen-Jagannathan.

Is a genuine partnership possible in a Western Hemisphere free trade area?

Includes bibliography

Saving and investment under external and fiscal constraints

Includes bibliography

Pension system reforms, the capital market and saving

Includes bibliography

Seminario Ahorro y Financiamiento": resumen y conclusiones = Saving and Financing Seminar: summary and conclusions"

El seminario analizó cuatro estudios sobre ahorro y tres sobre asignación de recursos financieros, preparados por expertos de distintos países latinoamericanos.

Saving of bagasse by improved boilder house operations

Includes bibliography

The retirement outlook for Chile's independently employed workers: a case study of attitudes and saving behavior

Includes bibliography