The Risk Management of Minimum Return Guarantees

Contracts paying a guaranteed minimum rate of return and a fraction of a positive excess rate, which is specified relative to a benchmark portfolio, are closely related to unit-linked life-insurance products and can be considered as alternatives to direct investment in the underlying benchmark. They contain an embedded power option, and the key issue is the tractable and realistic hedging of this option, in order to rigorously justify valuation by arbitrage arguments and prevent the guarantees from becoming uncontrollable liabilities to the issuer. We show how to determine the contract parameters conservatively and implement robust risk-management strategies.

Privacy Policies and Users’ Trust: Does Readability Matter?

Over the years, a drastic increase in online information disclosure spurs a wave of concerns from multiple stakeholders. Among others, users resent the “behind the closed doors” processing of their personal data by companies. Privacy policies are supposed to inform users how their personal information is handled by a website. However, several studies have shown that users rarely read privacy policies for various reasons, not least because limitedly readable policy texts are difficult to understand. Based on our online survey with over 440 responses, we examine the objective and subjective readability of privacy policies and investigate their impact on users’ trust in five big Internet services. Our findings show the stronger a user believes in having understood the privacy policy, the higher he or she trusts a web site across all companies we studied. Our results call for making readability of privacy policies more accessible to an average reader.

Perinatal mental health service provision in Switzerland and in the UK.

QUESTIONS UNDER STUDY The epidemiology of maternal perinatal-psychiatric disorders as well as their effect on the baby is well recognised. Increasingly well researched specialised treatment methods can reduce maternal morbidity, positively affect mother-baby bonding and empower women's confidence as a mother. Here, we aimed to compare guidelines and the structure of perinatal-psychiatric service delivery in the United Kingdom and in Switzerland from the government's perspective. METHODS Swiss cantons provided information regarding guidelines and structure of service delivery in 2000. A subsequent survey using the same questionnaire was carried out in 2007. In the UK, similar information was accessed through published reports from 2000-2012. RESULTS Guidelines for perinatal psychiatry exist in the UK, whereas in Switzerland in 2000 none of the 26 cantons had guidelines, and in 2007 only one canton did. Joint mother-baby admissions on general psychiatric wards were offered by 92% of the Swiss cantons. In the UK, pregnant women and joint mother-baby admissions are only advised onto specialised perinatal-psychiatric units. In Switzerland, in 2007, three specialised units (max. 24 beds) were in place corresponding to 1 unit per 2.5 million people, while in the UK there were 22 mother-baby units (168 beds) in 2012 (1 unit per 2.8 million). In the UK, less than 50% of trusts provided specialised perinatal-psychiatric health care. CONCLUSIONS The main difference between the UK and Switzerland was the absence of guidelines, regular assessment and plans for future development of perinatal psychiatry in Switzerland. There are still geographical differences in the provision of perinatal-psychiatric services in the UK.

An overview of China's one child policy and health consequences on society

In 1979, China implemented the one child policy to stifle the burden of the massive demographic growth cast on the future economic development and quality of living conditions. At the time, a quarter of the world's population resided in China and occupied only 7 percent of the world's arable land (The World Factbook, 2006). The government set the target total population to about 1.4 billion for the year 2010 and to significantly reduce the natural increase rate. First this overview paper will describe population demographics and economy of China's society. This paper will also investigate what the one child policy entails and how it is implemented. Furthermore, the consequences of the policy in regard to population growth, sex ratio, marital discrepancies, adverse health of mother and child, aging population, and pension coverage will be examined. Finally, future recommendations and an alternative policy will be postulated to increase the effectiveness of the policy and improve its effects on health. ^

LIFE SATISFACTION: A COMPARISON OF RETIRED AND EMPLOYED WOMEN

This research addressed the question of life satisfaction for retired and employed women with long-term employment in a typically female occupational setting. Questions of how women's retirement is related to life satisfaction have been largely neglected because of cultural assumptions about the relative unimportance of the work role in women's lives. It is generally believed that the major source of satisfaction for women is in traditional family roles. Therefore, it follows that retirement from work is not experienced as a loss for women.^ The actual consequences of women's retirement have not been examined systematically. Descriptive data about their lives are inadequate. It is not known what patterns and resources result from a lifetime of work for women.^ The objectives of the study were to test assumptions from role and continuity theory regarding life satisfaction for retired women and women employed late in life and to describe the retirement and work experiences of the women.^ Life satisfaction was measured by the Neugarten, Havighurst and Tobin Life Satisfaction Index. Perceptions of appropriate roles for females and males were assessed through an attitudinal sex-role instrument. A composite index, derived from perceptions of health, social participation, and income at two time periods, measured level of continuity. These indices and demographic information, attitudinal items about work and retirement, and social network data comprised the mailed, self-administered survey and the personal interviews.^ The study population included 91 retired and 53 employed women, 55 years or older with a minimum of 20 years continuous employment, who were enrolled in the pension program of a large retail store.^ The retired women's perceptions of their health and social participation were more positive than the employed women's. Traditional retired women demonstrated higher life satisfaction than nontraditional retired women. Both retired and employed women who perceived continuity in life patterns scored statistically higher on life satisfaction than women who perceived discontinuity. Financial planning was the area of greatest retirement concern for retired and employed women.^

1906 Polk's Medical Register and Directory of North America (Texas Portion Only)

List of Physicians and Surgeons arranged by location, giving post office address with population and location, the School practiced, date and college of graduation, all the existing and extinct medical colleges in North America, with locations, officers, number of professors, lecturers, demonstrators, etc., the various medical societies, penal, reformatory and charitable state institutions, hospitals, sanitariums, dispensaries, asylums and other medical institutions, boards of health, boards of medical examiners, health officers at principal points, the laws of registration and other laws relating to the profession, medical journals with names of editors, frequency of publication and subscription rates, medical libraries, a therapeutic classification of American health resorts, mineral springs, official list of officers of the medical departments of the U.S. Army, Navy and Marine Hospital Service, the U.S. Indian Service, roster of examining surgeons of the U.S. Pension Department, a descriptive sketch of each state, territory and province, embodying such matters as location, boundary, extent in miles and acres, latitude and longitude, statistics relating to climate, temperature, rate of mortality, etc. Full particulars of all national and inter-state associations and societies relating to medicine and surgery, and an INDEX TO THE PHYSICIANS OF THE UNITED STATES. Arranged alphabetically, with the number of the page and column in which the name appears.

1902 Polk's Medical Register and Directory of the United States and Canada (Texas portion only)

List of Physicians and Surgeons arranged by states and provinces, giving post office address with population and location, the School practiced, date and college of graduation, all the existing and extinct medical colleges in the United States and Canada, with locations, officers, number of professors, lecturers, demonstrators, etc., the various medical societies, state prisons, hospitals, sanitariums, dispensaries, asylums and other medical institutions, boards of health, boards of medical examiners, a synopsis of the laws of registration and other laws relating to the profession, medical journals with names of editors, frequency of publication and subscription rates, medical libraries, mineral springs, official list of officers of the medical departments of the U.S. Army, Navy and Marine Hospital Service, roster of examining surgeons of the U.S. Pension Department, a descriptive sketch of each state, territory and province, embodying such matters as location, boundary, extent in miles and acres, latitude and longitude, statistics relating to climate, temperature, rate of mortality, number of deaths from consumption, etc. full particulars of all national associations and societies relating to medicine and surgery, and an INDEX TO THE PHYSICIANS OF THE UNITED STATES. Arranged alphabetically, with the number of the page on which the name appears.

Reflexiones acerca de la tendencia posneoliberal de la reciente reforma previsional argentina

Los profundos cambios registrados en algo menos de dos décadas en el sistema previsional argentino (privatización parcial, instauración de un régimen de capitalización individual en la década neoliberal, plan de inclusión previsional, reestatización del sistema, ley de movilidad jubilatoria y otros) han sido de una magnitud tal que es posible describirlos como un cambio completo de paradigma en términos de política pública en la materia. En el presente artículo nos limitaremos a realizar un abordaje del tema acotándonos a lo que entendemos han sido los principales aspectos en la trayectoria del sistema previsional argentino en los últimos veinte años.

Concentración y centralización del capital agrario en la región pampeana : El caso de los grandes pooles de siembra

El objetivo de este trabajo es juzgar las potencialidades del proceso de concentración del capital agrario a partir del caso de los llamados "grandes pooles de siembra". Para tal fin, se realiza un análisis de los proyectos de inversión y de producción de los pooles de siembra constituidos como Fondos Comunes Cerrados de Inversión y como Fideicomisos Financieros. Asimismo, se realiza un estudio en profundidad del caso del principal administrador de grandes pooles de siembra, la empresa Cazenave y Asociados. Se concluye que la producción agraria pampeana continúa siendo un espacio hostil para la acumulación de los capitales más concentrados de la economía.

Nuevas claves para la lectura de Cornelia Bororquia (1801)

En los últimos años del siglo XVIII y principios del siglo XEK la vigencia del pensamiento éclairé fomenta un clima favorable a la supresión del Santo Oficio; la censura del Santo Tribunal es el eje central de Cornelia Bororquia o la víctima de la Inquisición (1801), novela del ex-trinitario Luis Gutiérrez que narra la indefensión de una muchacha en las cárceles de la Inquisición. La novela argumenta en favor de la tolerancia religiosa y en la línea de un cristianismo ilustrado, pero no alcanza el tono radical de otros españoles expatriados. Mientras que el exilio de José Marchena radicaliza su discurso político y su sueño de una sociedad sin clases, la vía de Luis Gutiérrez es más reformadora y posibilista, pues confía en que los vástagos de la nobleza más culta y enciclopédica sean una pieza clave en la modernización del pensamiento en España.

Concentración y centralización del capital agrario en la región pampeana : El caso de los grandes pooles de siembra

El objetivo de este trabajo es juzgar las potencialidades del proceso de concentración del capital agrario a partir del caso de los llamados "grandes pooles de siembra". Para tal fin, se realiza un análisis de los proyectos de inversión y de producción de los pooles de siembra constituidos como Fondos Comunes Cerrados de Inversión y como Fideicomisos Financieros. Asimismo, se realiza un estudio en profundidad del caso del principal administrador de grandes pooles de siembra, la empresa Cazenave y Asociados. Se concluye que la producción agraria pampeana continúa siendo un espacio hostil para la acumulación de los capitales más concentrados de la economía.

Concentración y centralización del capital agrario en la región pampeana : El caso de los grandes pooles de siembra

El objetivo de este trabajo es juzgar las potencialidades del proceso de concentración del capital agrario a partir del caso de los llamados "grandes pooles de siembra". Para tal fin, se realiza un análisis de los proyectos de inversión y de producción de los pooles de siembra constituidos como Fondos Comunes Cerrados de Inversión y como Fideicomisos Financieros. Asimismo, se realiza un estudio en profundidad del caso del principal administrador de grandes pooles de siembra, la empresa Cazenave y Asociados. Se concluye que la producción agraria pampeana continúa siendo un espacio hostil para la acumulación de los capitales más concentrados de la economía.

Nuevas claves para la lectura de Cornelia Bororquia (1801)

En los últimos años del siglo XVIII y principios del siglo XEK la vigencia del pensamiento éclairé fomenta un clima favorable a la supresión del Santo Oficio; la censura del Santo Tribunal es el eje central de Cornelia Bororquia o la víctima de la Inquisición (1801), novela del ex-trinitario Luis Gutiérrez que narra la indefensión de una muchacha en las cárceles de la Inquisición. La novela argumenta en favor de la tolerancia religiosa y en la línea de un cristianismo ilustrado, pero no alcanza el tono radical de otros españoles expatriados. Mientras que el exilio de José Marchena radicaliza su discurso político y su sueño de una sociedad sin clases, la vía de Luis Gutiérrez es más reformadora y posibilista, pues confía en que los vástagos de la nobleza más culta y enciclopédica sean una pieza clave en la modernización del pensamiento en España.

Concentración y centralización del capital agrario en la región pampeana : El caso de los grandes pooles de siembra

El objetivo de este trabajo es juzgar las potencialidades del proceso de concentración del capital agrario a partir del caso de los llamados "grandes pooles de siembra". Para tal fin, se realiza un análisis de los proyectos de inversión y de producción de los pooles de siembra constituidos como Fondos Comunes Cerrados de Inversión y como Fideicomisos Financieros. Asimismo, se realiza un estudio en profundidad del caso del principal administrador de grandes pooles de siembra, la empresa Cazenave y Asociados. Se concluye que la producción agraria pampeana continúa siendo un espacio hostil para la acumulación de los capitales más concentrados de la economía.