Marie Nilsson, Peter J. Harris and Russell Kett
Presents an evaluation of the theoretical context and practical application of different methods of hotel valuation, with particular emphasis on the methods related to the…
Abstract
Presents an evaluation of the theoretical context and practical application of different methods of hotel valuation, with particular emphasis on the methods related to the income‐generating capacity of a hotel. The findings reveal a wide range of variation and complexity between methods and that each method has benefits and limitations and requires adjustments and assumptions in different market conditions. However, it is concluded that the more sophisticated “income‐based” income capitalisation methods constitute the most effective basis for a framework on which to derive the open market value for a hotel as an ongoing business entity, but that one or more of the other main valuation approaches should be drawn on in order to effect the reconciliation of a hotel’s final value.
Marjan Houshmand, Marc-David L. Seidel and Dennis G. Ma
Theories of income inequality frequently cite child and adolescent labor as a societal problem. In contrast to such theories, we propose that path dependency coupled with…
Abstract
Purpose
Theories of income inequality frequently cite child and adolescent labor as a societal problem. In contrast to such theories, we propose that path dependency coupled with enhancement of human and social capital enables some adolescents who work to find more attractive jobs later in life.
Methodology
Using the longitudinal Youth in Transition Survey (YITS) spanning over 10 years, we find support for a positive relationship between adolescents’ number of work hours and future desirable professional outcomes such as being employed, income, person-organization fit, knowing where to look for a job, and career networking.
Findings
The positive relationship, in many instances, is curvilinear and highlights the downfall of working excessive hours. We also explore whether adolescent work for a stranger or family member leads to different outcomes, and find that working in a family business leads to enhanced later life utilization of career networks as well as better person-organization fit.
Social implications
While we find that adolescent work intensity is linked to positive later life outcomes such as higher income, better fitting jobs, and better career networks, we also find maxima whereby additional hours worked have a diminishing effect on the outcomes. This suggests the need for societal norms and/or laws to avoid excessive adolescent work.
Value of chapter
The findings in this chapter shed light on the role of early life work experiences in future professional outcomes. We show that certain types of adolescent employment can enhance future career prospects, counter to much of the established literature on the detrimental impact of youth labor.
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The author argues that contemporary college culture is predicated on hedonism indicated by a use of predominantly social time in which parties, alcohol, casual sex, and lax…
Abstract
The author argues that contemporary college culture is predicated on hedonism indicated by a use of predominantly social time in which parties, alcohol, casual sex, and lax academics pervade students' experiences. Coincident with this culture, however, is a deleterious pattern among students that has developed dramatically: their compromised mental health. The situation presents an apparent paradox: why are many students suffering when enveloped by fun? This chapter draws a connection between fun and suffering by treating each as conditions that spring from the sociohistorical context that situates institutions of higher education. In so doing, a theory is set forth to explain why despair is rendered applicable and how it is institutionally installed in the minds of modern-day college students.
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The use of boron compounds or other preservatives of the nature of drugs in cream is alleged to be necessary mainly for two reasons, namely, long distance transit leading to a…
Abstract
The use of boron compounds or other preservatives of the nature of drugs in cream is alleged to be necessary mainly for two reasons, namely, long distance transit leading to a considerable lapse of time between despatch and consumption, and the uncertainty attaching to the disposal of consignments of perishable and valuable material in a fresh or apparently fresh condition.
The great difficulties which attach to the fixing of legal standards of composition for food products have now to be grappled with by the Departmental Committee appointed by the…
Abstract
The great difficulties which attach to the fixing of legal standards of composition for food products have now to be grappled with by the Departmental Committee appointed by the Board of Agriculture to consider and determine what regulations should be made by the Board, under Section 4 of the Sale of Food and Drugs Act, 1899, with respect to the composition of butter. As we predicted in regard to the labours of the Milk and Cream Standards Committee, so we predict now that the Butter Committee will be unable to do more than to recommend standards and limits, which, while they will make for the protection of the public against the sale of grossly adulterated articles, will certainly not in any way insure the sale of butter of really satisfactory, or even of fair, composition. Standards and limits established by law for the purposes of the administration of criminal Acts of Parliament must of necessity be such as to legalise the sale of products of a most inferior character, to which the term “genuine” may still by law be applied as well as to legalise the sale of adulterated and sophisticated products so prepared as to come within the four corners of the law. It is, of course, an obvious necessity that official standards and limits should be established, and the Board of Agriculture are to be congratulated upon the manner in which they are endeavouring to deal with these extremely knotty problems; but it is important that misconception on the part of the public and the trade with respect to the effect of the regulations to be made should be as far as possible prevented. All that can be hoped for is that the conclusions at which the Committee may find themselves compelled to arrive will not be such as to place too high and too obvious a premium upon the sale of those inferior and scientifically‐adulterated products which are placed in such enormous quantities on the food market.
I suppose that most noticeable of all the changes in our profession since I came into it has been the multiplicity of the methods by which one can become a librarian. A. E…
Abstract
I suppose that most noticeable of all the changes in our profession since I came into it has been the multiplicity of the methods by which one can become a librarian. A. E. Standley says in a recent article in the L.A.R., in 1970: “The term librarian includes the Library Association chartered librarian, the graduate with a degree in librarianship, the scholar librarian, the information and intelligence officer, the translator, the abstracter, the non‐library‐qualified subject expert”.
FINANCIAL fears are only less cruel than those of war, and lead men into extravagances which they would repudiate indignantly in their cooler moments. If the doings of the Economy…
Abstract
FINANCIAL fears are only less cruel than those of war, and lead men into extravagances which they would repudiate indignantly in their cooler moments. If the doings of the Economy Committee at Manchester in relation to children's libraries, as described in the article by Mr. Lamb in our last issue, are true, we have in them an example of a kind of retrenchment at the expense of the young which we hope is without parallel and will have no imitators. Some reduc‐tion of estimates we hear of from this or that place, but in few has the stupid policy which urges that if we spend nothing we shall all become rich been carried into full effect. Libraries always have suffered in times of crisis, whatever they are; we accept that, though doubtfully; but we do know that the people need libraries.
The Minister of Health in the exercise of the powers conferred upon him by the Public Health Act, 1875, the Public Health (London) Act, 1891, the Public Health Act, 1896, the…
Abstract
The Minister of Health in the exercise of the powers conferred upon him by the Public Health Act, 1875, the Public Health (London) Act, 1891, the Public Health Act, 1896, the Public Health (Regulations as to Food) Act, 1907, and by Section 8 of the Milk and Dairies (Amendment) Act, 1922, and of every other power enabling him in that behalf, hereby makes the following Regulations, that is to say:
Clive Bingley and Elaine Kempson
FORTY YEARS have elapsed since the idea was first mooted; now it looks like happening. The Booksellers Association is to establish a UK Book Trade Promotion House.