As a civil servant opening an afternoon devoted to access to information, I couldn't resist the temptation to quote a now famous paragraph from the minority report attached to the…
Abstract
As a civil servant opening an afternoon devoted to access to information, I couldn't resist the temptation to quote a now famous paragraph from the minority report attached to the 1973 Kilbrandon Report of the Constitution, which discussed the whole question of official information:
I hope to avoid in this talk issues which are common to all types of libraries. Having previously worked in a specialist medical library and a government library. I hope I have…
Abstract
I hope to avoid in this talk issues which are common to all types of libraries. Having previously worked in a specialist medical library and a government library. I hope I have chosen the points which are peculiar to higher education establishments.
LEA V. CARTY and DANA LIEBERMAN
Investors in commercial paper (CP) markets include money market mutual funds, corporate treasurers, state and local governments, and commercial banks and their trust departments…
Abstract
Investors in commercial paper (CP) markets include money market mutual funds, corporate treasurers, state and local governments, and commercial banks and their trust departments. The obligors in the market are predominantly large and highly creditworthy corporations. The credit risks faced by CP investors have been minimal historically. However, the general decline in corporate credit quality that began in the first half of the 1980s set the stage for the spate of credit problems and defaults that took place in many CP markets beginning in 1987. While the incidence of default has decreased since 1991, the credit risks faced by commercial paper investors have not subsided to pre‐1987 levels. This analysis addresses concerns generated by this surge in credit risk.
President Bill Clinton has had many opponents and enemies, most of whom come from the political right wing. Clinton supporters contend that these opponents, throughout the Clinton…
Abstract
President Bill Clinton has had many opponents and enemies, most of whom come from the political right wing. Clinton supporters contend that these opponents, throughout the Clinton presidency, systematically have sought to undermine this president with the goal of bringing down his presidency and running him out of office; and that they have sought non‐electoral means to remove him from office, including Travelgate, the death of Deputy White House Counsel Vincent Foster, the Filegate controversy, and the Monica Lewinsky matter. This bibliography identifies these and other means by presenting citations about these individuals and organizations that have opposed Clinton. The bibliography is divided into five sections: General; “The conspiracy stream of conspiracy commerce”, a White House‐produced “report” presenting its view of a right‐wing conspiracy against the Clinton presidency; Funding; Conservative organizations; and Publishing/media. Many of the annotations note the links among these key players.
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Earl D. Benson and Barry R. Marks
The Tax Cuts and Jobs Act of 2017 (TCJA) substantially lowered the corporate tax rate, making tax-exempt municipal bond issues less attractive investments for banks, savings and…
Abstract
Purpose
The Tax Cuts and Jobs Act of 2017 (TCJA) substantially lowered the corporate tax rate, making tax-exempt municipal bond issues less attractive investments for banks, savings and loan associations and insurance companies. To provide a benefit for small issuers the current Internal Revenue Code has a special provision that allows banks and S&Ls to deduct 80% of the borrowing costs for “bank-qualified” bonds – tax-exempt bonds from issuers who issue no more than $10 million in bonds during a year. This study examines whether the relationship between the true interest cost (TIC) on bank-qualified bonds and other tax-exempt bonds changed with the passage of the TCJA.
Design/methodology/approach
Using linear regression analysis this paper compares the TIC of bank-qualified bonds with the TIC of bonds not bank-qualified using a sample of bonds both before and after the passage of TCJA.
Findings
Prior to the passage of the TCJA, this study observes that these “bank-qualified” bond issues had a lower true interest cost than other tax-exempt bond issues; however, after passage of the TCJA, the difference in the true interest cost between “bank-qualified” bond issues and other tax-exempt bond issues dramatically decreased.
Practical implications
It appears that the benefit for small bond issuers is greatly reduced after corporate tax rates were significantly lowered. If federal lawmakers wish small issuers to have the same advantage over other tax-exempt municipal bond issuers after passage of TCJA, some changes will need to be made to the Internal Revenue Code to give small issuers an additional advantage when issuing tax-exempt debt.
Originality/value
No other empirical research to date has examined the impact of TCJA on bank-qualified bond issue interest cost.
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Poland's rating, therefore, remains at A2, despite persistent concerns about the policies of its one-year-old nationalist government, in particular, the threats to the…
Details
DOI: 10.1108/OXAN-DB213560
ISSN: 2633-304X
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Geographic
Topical
The Great Recession has strained governments at all levels and presented cities, especially formerly industrial cities, with nearlyunprecedented budgetary challenges. This paper…
Abstract
The Great Recession has strained governments at all levels and presented cities, especially formerly industrial cities, with nearlyunprecedented budgetary challenges. This paper examines the long-termimplications for infrastructure maintenance and service provision ofunfavorable economic and demographic trends in Philadelphia andBaltimore. The concept of the public equity holder, which borrows a term forpublic finance from corporate finance, introduces a category of potentialcontributors to the capital deficit undermining urban sustainability. Theconcept is illustrated by a case study of the two cities to explore howcandidate public equity holders, including taxpayers, nonprofits, and publicemployees, may contribute. Resulting from this research are identifiablefactors, particularly patience and risk tolerance, which have led to orimpeded partnerships promoting urban sustainability and will provide thefoundation for broader future study
Monika Hudson and Keith O. Hunter
When do you throw it all away? The first senior female in a male-dominated business school decides it all comes down to a question of principle – and maybe a few others. What is…
Abstract
Synopsis
When do you throw it all away? The first senior female in a male-dominated business school decides it all comes down to a question of principle – and maybe a few others. What is the best balance between her responsibilities to students, family, and the next generation of female leaders? Can she both be true to herself and compromise? What factors should influence this decision? This case brings together questions about power and influence, rational decision-making, leadership, and the intra and inter-personal responsibilities of organizational “firsts.” Further, issues related to a university's effort to better compete within the global higher education marketplace, provide a valuable opportunity to explore institutional approaches to promoting diversity, inclusion, and cultural competency.
Research methodology
This case, which was developed from primary sources, highlights the array of competing objectives and personal and political tensions involved in university administration.
Relevant courses and levels
This case was designed for graduate students in Masters of Public Administration, Masters of Business Administration, Masters of Education in Organizational Leadership, or similar graduate degrees that include significant management and leadership content. Students working with this case should have already completed foundational courses in topics such as organizational management, public policy, leadership, strategic human resources management, or their equivalents within their respective programs of study. Virtually all of the issues raised by this case address core themes, concepts, theses, and theories associated with an accredited graduate program in educational management, business or public administration.
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The Center for Women’s Business Research estimates women are now the majority owners in 6.7 million privately held businesses in the United States and equal owners in another 4.0…
Abstract
The Center for Women’s Business Research estimates women are now the majority owners in 6.7 million privately held businesses in the United States and equal owners in another 4.0 million firms. When part owners in multiple businesses are included the female ownership total climbs to an estimated 15.6 million businesses. Women majority owners account for nearly half (48 per cent) of the privately‐held firms in the United States. Their businesses generate $2.46 trillion in sales. They employ 19.1 million people and spend an estimated $492 billion on salaries and $54 billion on employee benefits. The number of women‐owned firms increases at twice the rate of all new firms (14 per cent versus 7 per cent) and the number of employees nearly as fast (30 per cent versus 18 per cent). Women owners are rapidly moving into all industries, with the fastest growth percentages in the fields of construction (30 per cent), transportation, communications and public utilities (28 per cent) and agricultural services (24 per cent). Worldwide, with women entrepreneurs in under developed countries leading the way, women‐owned firms now comprise between one‐fourth and one‐third of all businesses. Given the numbers, it would be almost impossible to overestimate the impact of women owned businesses in today’s global economy.
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Mark Hughes, Pat Le Riche and Deborah Mayes
This paper analyses 1,375 long‐term care placements approved by a London borough through a multi‐disciplinary ‘panel’. It suggests the need for increased attention to…
Abstract
This paper analyses 1,375 long‐term care placements approved by a London borough through a multi‐disciplinary ‘panel’. It suggests the need for increased attention to rehabilitation and to the capacity of residential homes to deal with cognitive disorder, and concludes that attainment of the new national standards for care homes will require improvements in the process of admission.