This book helps readers understand the widely documented distortion in the portfolio choice of individual investors toward proximate firms – the proximity bias phenomenon. First, it recapitulates the fundamentals of modern portfolio theory. It then goes on to describe and demonstrate different approaches on how to measure proximity bias and identifies and examines potential motives and reasons for such a bias. In addition, the book presents new analysis on the financial effects of individual investors’ proximity bias, explaining and contributing with possible policy implications on their portfolio distortion. This book will be of interest to students and researchers, as well as decision-makers in business firms and households.
Thus, the United States became involved militarily in various Third World conflicts more to deter the Soviet Union than to protect any specific U.S. interest. Peripheral Visions argues that this policy was unnecessary and counterproductive.
The global economic crisis has required governments across the globe to reconsider their spending priorities. It is within this demanding economic context that higher education systems have been steadily restructured with in many ways the English model in the vanguard of change. This book focuses in particular upon the policy of removing almost entirely public support for the payment of student fees. This has emerged from a steady process of change, which has broad political support and is underwritten by the idea that higher education is now seen more as a private than a public, good. As this shift has occurred (not a new innovation but rather a return to what once prevailed as more of a market in English higher education) so the relationship between government and the higher education has evolved with the latter now attempting to steer the development of the system through a state-regulated market. The book has a strong comparative dimension that draws upon US higher education to illustrate both the possible advantages and potential hazards to the marketization strategy. It concludes that any such strategy needs to be accompanied by state regulation if it is to function effectively, particularly to stimulate price competition, encourage innovation from new entrants, and provide consumer protection for students paying high fees.
Two of Time magazine’s “Heroes of the Environment” reject the status quo of liberal politics and offer a bold vision for addressing climate change. Michael Shellenberger and Ted Nordhaus triggered a firestorm of controversy with their self-published essay “The Death of Environmentalism,” which argued that the existing model of environmentalism cannot adequately address global warming and that a new politics needs to take its place. In this follow-up to their essay, the authors give an expansive and eloquent manifesto for political change. American values have changed dramatically since the environmental movement’s greatest victories in the 1960s. And while global warming presents exponentially greater challenges than any past pollution problem, environmentalists continue to employ the same tired and ineffective tactics. Making the case for abandoning old categories (nature versus the market; left versus right), the authors articulate a new pragmatism that has already found champions in prominent figures such as Hillary Clinton and Barack Obama. Seeing a connection between the failures of environmentalism and the failures of the entire left-leaning political agenda, the authors point the way toward an aspirational politics that will resonate with modern American values and be capable of tackling our most pressing challenges. “To win, Nordhaus and Shellenberger persuasively argue, environmentalists must stop congratulating themselves for their own willingness to confront inconvenient truths and must focus on building a politics of shared hope rather than relying on a politics of fear.” —The New York Times
The extraordinary life of Jay Lovestone is one of the great untold stories of the twentieth century. A Lithuanian immigrant who came to the United States in 1897, Lovestone rose to leadership in the Communist Party of America, only to fall out with Moscow and join the anti-Communist establishment after the Second World War. He became one of the leading strategists of the Cold War, and was once described as "one of the five most important men in the hidden power structure of America." Lovestone was obsessively secretive, and it is only with the opening of his papers at the Hoover Institution, the freeing of access to Comintern files in Moscow, and the release of his 5,700-page FBI file that biographer and Pulitzer Prize-winning journalist Ted Morgan has been able to construct a full account of the remarkable events of Jay Lovestone's life. The life Morgan describes is full of drama and intrigue. He recounts Lovestone's career in the faction-riven world of American Communism until he was spirited out of Moscow in 1929 after Stalin publicly attacked him for doctrinal unorthodoxy. As Lovestone veered away from Moscow, he came to work for the American Federation of Labor, managing a separate union foreign policy as well as maintaining his own intelligence operations for the CIA, many under the command of the legendary counterintelligence chief James Angleton. Lovestone also associated with Louise Page Morris, a spy known as "the American Mata Hari," who helped him undermine Communist advances in the developing world and whose own significant espionage career is detailed here. Lovestone's influence, always exercised from behind the scenes, survived to the end of the Cold War and the demise of the Soviet Union. A Covert Life has all the elements of a classic spy thriller: surveillance operations and stings, love affairs and bungled acts of sabotage, many thoroughly illegal. It is written with the easy hand of a fine biographer (The Washington Post Book World called Ted Morgan "a master storyteller") and provides a history of the Cold War and a glimpse into the machinery of the CIA while also revealing many hitherto hidden details of the superpower confrontation that dominated postwar global politics.
In the 3rd Edition of Pain Procedures in Clinical Practice, Dr. Ted Lennard helps you offer the most effective care to your patients by taking you through the various approaches to pain relief used in physiatry today. In this completely updated, procedure-focused volume, you’ll find nearly a decade worth of new developments and techniques supplemented by a comprehensive online video collection of how-to procedures at www.expertconsult.com. You’ll also find extensive coverage of injection options for every joint, plus discussions of non-injection-based pain relief options such as neuromuscular ultrasound, alternative medicines, and cryotherapy. Offer your patients today’s most advanced pain relief with nearly a decade worth of new developments and techniques, masterfully presented by respected physiatrist Ted Lennard, MD. Make informed treatment decisions and provide effective relief with comprehensive discussions of all of the injection options for every joint. Apply the latest non-injection-based treatments for pain relief including neuromuscular ultrasound, alternative medicines, and cryotherapy. See how to get the best results with a comprehensive video collection of how-to procedures at www.expertconsult.com, and access the complete text and images online.
This book helps readers understand the widely documented distortion in the portfolio choice of individual investors toward proximate firms – the proximity bias phenomenon. First, it recapitulates the fundamentals of modern portfolio theory. It then goes on to describe and demonstrate different approaches on how to measure proximity bias and identifies and examines potential motives and reasons for such a bias. In addition, the book presents new analysis on the financial effects of individual investors’ proximity bias, explaining and contributing with possible policy implications on their portfolio distortion. This book will be of interest to students and researchers, as well as decision-makers in business firms and households.
This humorous book will entertain you for hours. Based on a small mill village in SC and surrounding areas it will make you laugh out loud. The characters will most likely remind you of someone you know. Do not loan this book to your friends. It is funny and entertaining. THEY WILL NOT BRING IT BACK!
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