In this case study the authors outline how a major financial institution in the Netherlands deals with the practical aspects of implementing a Basel II‐compliant economic capital…
Abstract
In this case study the authors outline how a major financial institution in the Netherlands deals with the practical aspects of implementing a Basel II‐compliant economic capital framework. The paper gives an overview of the programme Rabobank has set on track for the implementation and discusses the prioritisation of project streams and how to track progress of the programme. An important aspect of the whole programme is communication between all the parties involved. Finally, the paper concludes with a discussion of the major challenges faced during the implementation process.
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It has often been said that a great part of the strength of Aslib lies in the fact that it brings together those whose experience has been gained in many widely differing fields…
Abstract
It has often been said that a great part of the strength of Aslib lies in the fact that it brings together those whose experience has been gained in many widely differing fields but who have a common interest in the means by which information may be collected and disseminated to the greatest advantage. Lists of its members have, therefore, a more than ordinary value since they present, in miniature, a cross‐section of institutions and individuals who share this special interest.
In the 1950s, a combination of technological and scientific advancement, political competition, and changes in popular opinion about spaceflight generated public policy in favor…
Abstract
In the 1950s, a combination of technological and scientific advancement, political competition, and changes in popular opinion about spaceflight generated public policy in favor of an aggressive space program. This and that of 1960s moved forward with a Moon landing and the necessary budgets. Space exploration reached equilibrium in the 1970s, sustained through to the present. The twenty-first-century progresses signals that support for human space exploration is waning and may even begin declining in the coming years. This chapter reviews this history and analyzes five rationales suggested in support of continued human spaceflight: discovery and understanding, national defense, economic competitiveness, human destiny, and geopolitics.
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The Fortieth Annual Report of the National Central Library once again records a year of great activity in the various departments of the Library and continued expansion of the…
Abstract
The Fortieth Annual Report of the National Central Library once again records a year of great activity in the various departments of the Library and continued expansion of the resources available by the addition of new names to the list of ‘outlier libraries’ and by wider international contacts.
IT is difficult to imagine the world of Work Study without the urbane ubiquity of Russell Currie, whose death on 28 August we deeply regret to record. Although he had been…
Abstract
IT is difficult to imagine the world of Work Study without the urbane ubiquity of Russell Currie, whose death on 28 August we deeply regret to record. Although he had been officially in retirement for a year or two his presence was immanent in any important gathering of those who had so long looked to him for the leadership that was always forthcoming. We can fittingly borrow an epigram he coined at the London Congress in 1963 as apt at this time. ‘The sun shone to greet your arrival; the skies weep for your departure.’
A tax based on land value is in many ways ideal, but many economists dismiss it by assuming it could not raise enough revenue. Standard sources of data omit much of the potential…
Abstract
Purpose
A tax based on land value is in many ways ideal, but many economists dismiss it by assuming it could not raise enough revenue. Standard sources of data omit much of the potential tax base, and undervalue what they do measure. The purpose of this paper is to present more comprehensive and accurate measures of land rents and values, and several modes of raising revenues from them besides the conventional property tax.
Design/methodology/approach
The paper identifies 16 elements of land's taxable capacity that received authorities either trivialize or omit. These 16 elements come in four groups.
Findings
In Group A, Elements 1‐4 correct for the downward bias in standard sources. In Group B, Elements 5‐10 broaden the concepts of land and rent beyond the conventional narrow perception, while Elements 11‐12 estimate rents to be gained by abating other kinds of taxes. In Group C, Elements 13‐14 explain how using the land tax, since it has no excess burden, uncaps feasible tax rates. In Group D, Elements 15‐16 define some moot possibilities that may warrant further exploration.
Originality/value
This paper shows how previous estimates of rent and land values have been narrowly limited to a fraction of the whole, thus giving a false impression that the tax capacity is low. The paper adds 14 elements to the traditional narrow “single tax” base, plus two moot elements advanced for future consideration. Any one of these 16 elements indicates a much higher land tax base than economists commonly recognize today. Taken together they are overwhelming, and cast an entirely new light on this subject.
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IT was very gratifying to see that in spile of the pressure of the times and the difficulties of travel, the Twelfth Annual Meeting of the Institute was as well attended as ever…
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IT was very gratifying to see that in spile of the pressure of the times and the difficulties of travel, the Twelfth Annual Meeting of the Institute was as well attended as ever with as wide a representation as in previous years. Nor was there any lack of excellent papers, although, of course, it was perfectly clear that some of the very best development work in aerodynamics, power plant, and similar fields could not be discussed because of military restrictions. Note‐worthy was the perfectly tremendous attendance at the rotating wing aircraft session at which, after some excellent papers, films were shown of the Piasecki, Sikorsky and Bell helicopters. This session was so. crowded that the audience had to be moved to another hall where standing in the aisles could be avoided. This is another confirmation of the importance which is attached to helicopter development by American aeronautical engineers.
Explores the extent of employee surveillance in the western world and queries why the USA uses surveillance measures to a greater extent than other developed nations. Suggests…
Abstract
Explores the extent of employee surveillance in the western world and queries why the USA uses surveillance measures to a greater extent than other developed nations. Suggests that American managers choose surveillance methods which include the control of workers’ bodies in the production process. Lists the batteries of tests and monitoring to which US employees can now be subjected – including searching employee computer files, voice/e‐mail, monitoring telephone calls, drug tests, alcohol tests, criminal record checks, lie detector and handwriting tests. Notes also the companies which are opposed to worker and consumer privacy rights. Pinpoints the use of surveillance as a means to ensure that employees do not withold production. Reports that employees dislike monitoring and that it may adversely affect their performance and productivity. Argues that Americans like to address complex social problems with technological means, there are no data protection laws in the USA, and that these two factors, combined with the “employment‐at‐will” doctrine, have all contributed to make it possible (and easy) for employers to use technological surveillance of their workforce. Outlines some of the ways employers insist on the purification of workers’ bodies.
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The essay studies the introduction and use of audio-visual media in contemporary Swedish courtroom praxis and how this affects social interaction and the constitution of judicial…
Abstract
The essay studies the introduction and use of audio-visual media in contemporary Swedish courtroom praxis and how this affects social interaction and the constitution of judicial space. The background to the study is the increasing use of video technology in law courts during the last decennium, and in particular the reformed trial code regulating court proceedings introduced in Sweden in 2008. The reform is called A Modern Trial (En modernare rättegång, Proposition 2004/05:131). An important innovation is that testimonies in lower level court proceedings now are video recorded and, in case of an appeal trial, then are screened in the appellate court. The study of social interaction and the constitution of judicial space in the essay is based in part on an ethnographic study of the Stockholm appellate court (Svea hovrätt) conducted in the fall 2010; in part on a study of the preparatory works to the legal reform; and in part on research on how media technology affects social interaction and the constitution of space and place.