Wednesday, February 29, 2012

Quick Finance Loans ? Think of this as Option | welcome to ...

While revealed by means of its title, quick finance loansis the best solution to manage urgent expenses. It is far better than funding cash coming from someone in your urgent require. You don?t have to possibly be worry about your debts and important expenses should you have acquired these finances. You may say that there is not anything superior to quick finance loans to fulfill the particular sudden funds requirements?

With whom to Select? The top Mortgage Company:

Over a few years, these credits became significantly popular and now you can see a broad range of companies offering such funds. Though just about every company have their own terms, problems and providers so it is under your control which one you like. Selecting a unique finance clients are not too difficult as well? you have many methods to know about them where online resources come 1st. You can acquire plenty of adequate information about various finance companies and money loans enterprise groups. You should check out customer?s suggestions, the quality of providers they are introducing and numerous other essential things which can help you decide the most effective finance corporation for your quick finance loans.

Why payday loans are usually fast and different?

Well, there are numerous positive aspects relevant to such ?tokens? which make them out amongst other kind of loans. Fists of all, they can be easy to acquire; in other finances you have to make use of faxing which involves huge period? but, by doing this you don?t need almost any faxing. Right now, you can obtain your dollars through online payday advance. Online process is quickly and secure and you can send the confidential information without any danger. Following submission of one?s application, you just have to wait for some hours (for the funds for being transferred in your account!!!) Isn?t it too fast and simple!!! Well, it really is?

Usually these prices are offered intended for small needs; that is why they will consist of few hundred dollars at all? to be qualified to receive such funds you have to indicate your earnings amounts to the particular mortgage company which in turn allow you to acquire funds by having a loan application.

End up being Prepare to repay Your Credit on Time:

Probably the most vital issue the repayment of bank loan. You should be adequately aware of the very last date where you have to pay your current credits. Really don?t miss this kind of ever and try to pay your current credits promptly. It will have an excellent impact on your current bank statement and you can acquire credits all over again!!!

When to Acquire your Quick Finance Loans?

Take into account these prices are viable intended for emergency things only? if you don?t need money immediately you ought to avoid such finances. It?s because with these ?tokens? you have to consider the costly interest rates as well which are quite expensive to repay. It is better should you prefer conserving money in your bank account so you can use it in emergency cases. This could prevent you from unnecessary high interest rates and also from other likely threats as well!!!

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Source: http://www.isayyoustay.info/quick-finance-loans-think-of-this-as-option/

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Managed Computing Business - IT Hampton Hill Solutions ...




computing IT Hampton HillYou can find numerous reasons why a business really should seriously contemplate hiring managed IT Hampton Hill?services to help move their business enterprise forward. With no a maximized workflow and optimally functioning technology, a organization could shed beneficial information and facts via challenges that may arise. Irrespective of what size corporation you are coping with, be sure you consider obtaining a service that may help you with the heavy lifting. Unless you are going to begin an in-house IT department, you will must take into consideration enhancing your business with an outsourced tech team. There are three main causes why deciding on an outside IT firm is a great selection.

Threat Management ? After you employ a tech firm to manage personal computer support services, you are able to really feel confident in your office technologies and concentrate on business operations. Rather than hiring an in-house team that would take up space and resources inside your spot of company, you might rather decrease the dangers involved with hiring, insurance coverage and much additional by just getting an IT service that is certainly separate from your company place.

Infrastructure Control ? If you are coping with computer system networking, technologies, internet websites and a lot far more, you will have to have complete manage more than updating and important processes that make them operate. This can be particularly true if you?re operating a shopping cart software program on your web site. With out control, you will not be moving forward with infrastructure. For example, if the network goes down at any given moment, you will end up getting peace of thoughts for the reason that you?ll be able to get your web page back in operating order right away, as opposed to having to wait for your tech team to arrive at the office.

Much less Work, Far more Efficiency ? The main reason why you can will need a service of this kind is for the reason that it will mean much less operate in the long term. Your tasks will not be related to technology, and rather your organization can move forward with relative ease. In-house staff generally times have more perform to do than just concentrate on the managing of technological advances, which can in some cases bottleneck particular aspects of infrastructure. By removing that element, and obtaining a service, you are going to make sure that business enterprise is moving forward at all hours of the day and also night if have to have be.
The aforementioned factors are just a few examples to think about when deciding regardless of whether or not to employ an IT enterprise for personal computer assistance services. Services are varied and you will discover a lot a lot more arguments both for and against hiring outsourced IT providers. The above are just a handful of factors that ought to assist maintain you motivated in hiring a team that is definitely currently operating in technology, as opposed to wanting to make a ?dream team? for yourself. You can spend month right after month wanting to figure out who to choose to come on board and assist together with your tech desires, or you are able to let the experts deal with your demands with relative ease. By hiring an outside firm, you will also be saving a tremendous quantity of funds that would otherwise be spent on an in-house IT Hampton Hill?department. The long term savings will trump the costs that you would need to invest in getting and forming a proper team to manage all tech assistance. Outside firms have encounter and staff to manage any and all needs that arise, so your company is covered.

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Source: http://www.itservices-london.com/it-hampton-hill-2011201212431/

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Tuesday, February 28, 2012

Reddit drafts Internet anti-piracy bill; good luck with that

16 hrs.

Last month, during a discussion of the ill-fated Stop Online Piracy Act, at least a half dozen congressmen referred to?those?who understand the global system of?computer networks connected by?the standard?Internet protocol suite as "nerds." So it makes sense that "nerds" would attempt where our tech-ignorant representatives failed: Write their own version of an Internet regulation bill. And that's what Reddit did.

The link sharing site, which played a major role in helping to defeat SOPA last month, proposes ithe Free Internet Act (FIA), a crowdsourced alternative to the government proposals many found restrictive to both creativity and free speech. The first draft of FIA, originally launched by members of the?/r/fia subreddit (forum), is available on Google Docs.?

?Yeah, good luck with that.?

Designed to "promote prosperity, creativity, entrepreneurship and innovation" on the Internet, FIA is?big on Internet freedom, while offering little for the entertainment industry to embrace.?People in the bad place will enjoy tall glasses of frosty H20 before?the Motion Picture Association of America and the Recording Industry Association of America?? two of D.C.'s most powerful and well-funded lobbies???allow FIA anywhere near our nation's capital.

Here are a few points with which the MPAA, the RIAA will certainly take issue:?

These and other issues are covered in the FIA seem reasonable ? so reasonable that it makes one's head hurt to realize why it's so hard to come up with a decent bill.?

  • When it comes to pirated content or copyright violations, "only the creator or uploader of data is responsible for whether that data is legal to upload, possess or made available to other users or information services," which would leave sites such as Megaupload off the hook.?
  • Anyone who uploads illegal data to the Internet is liable only if it can be proved the accused knew the data was illegal in the country or countries where it was uploaded. ?
  • Removal of content deemed illegal can't be removed willy-nilly ? the uploader must receive a 30-day notice, as well as info on why the data is being removed and who gave the order.?

Some top players in the entertainment industry spin the January Internet protests that lead to SOPA's death as a corporate marketing coup.?"Their version of the story is that a small group of powerful Internet players, including Google, Reddit and Wikipedia, ganged up on lawmakers by bending the will of impressionable Internet users with scare tactics,"?notes Ad Age's Simon Dumenco.?

Yet it was individual Reddit members who, working together, really provided the steam to the Stop SOPA protest, with Silicon Valley bigs joining later. While the current version of FIA would be untenable to the entertainment business (and a few other interested parties), as an academic exercise, it does offer the education that congressional nerd-bashers seemed to be asking for last January.?

Helen A.S. Popkin goes blah blah blah about the Internet ? at least until the Stop Online Piracy Act becomes a law, making snark a libelous felony. Tell her to get a real job on Twitter and/or Facebook. Also, Google+.

Source: http://www.technolog.msnbc.msn.com/technology/technolog/reddit-drafts-internet-bill-good-luck-225178

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Monday, February 27, 2012

Should We Abolish the Corporate Income Tax? | G7Finance.com ...

By
Peter Coy

No. Bad idea.

OK, sorry, that was a little blunt. After all, there are a lot of smart people who think President Barack Obama didn?t go far enough in his recent proposal to cut the corporate income tax rate to 28 percent from 35 percent. ? They would like to see it go all the way to zero. They say trying to tax corporations is a waste of time because they aren?t like people?ultimately they just pass along the cost of the tax to their shareholders, workers, and (to a small extent) customers.

The abolitionists aren?t all conservatives, either. The Atlantic?s Megan McArdle has said the corporate income tax ?may be the stupidest tax we have.? Even a liberal like blogger Matt Yglesias asked on Feb. 24 why the U.S. doesn?t just ditch the corporate income tax. (He decided that getting rid of it now and replacing the revenue in a fair way is politically unrealistic.)

But this just might be a case in which the policy elites of both left and right are wrong?and ordinary Americans, who kind of like the corporate income tax, are right. The strongest argument for the corporate income tax is one that is rarely heard anymore but was widely used at its inception in 1909?namely, that the tax is a brake on excessive corporate power.

The person who has pressed this argument is Reuven Avi-Yonah, a professor at the University of Michigan Law School. Avi-Yonah is well-credentialed, with both a PhD in history from Harvard University and a JD from Harvard Law and consulting work for the Treasury Dept. and the Organization for Economic Cooperation and Development. His 2004 paper, ?Corporations, Society and the State: A Defense of the Corporate Tax?, is a classic. Here?s an excerpt:

Why is the corporate tax so politically resilient? The reason seems to be the same as the reason the corporate alternative minimum tax was enacted in 1986- ordinary Americans have a viscerally negative reaction to the notion that large, profitable corporations should pay no tax while they bear the income tax burden. This is universally dismissed as an example of ordinary people?s ?fiscal illusion?, the misguided belief that corporations bear the burden of the tax, while every economically literate person knows that taxes can only be borne by natural persons.

But are people really that ignorant? I would argue that the answer is no, and that in fact what people perceive is closer to reality than the economic models of incidence would suggest. The corporate tax is imposed on corporate income, which adds to the economic resources of the corporation. These resources are managed by individual corporate managers, and their control over such resources gives them significant economic, social and political power. In that sense, imposing a corporate tax reduces the economic resources and therefore also the power of corporate management. Whatever the economic incidence of the corporate tax, from this perspective its most immediate burden falls on corporate management, and not surprisingly they are the strongest supporters of corporate tax repeal.

Republican William Howard Taft, who was president in 1909, was initially skeptical of taxing corporations, but ended up giving a full-throated defense of the measure in his message to Congress. Avi-Yonah dug up a quote:

While the faculty of assuming a corporate form has been of the utmost utility in the business world, it is also true that substantially all of the abuses and all of the evils which have aroused the public to the necessity of reform were made possible by the use of this very faculty. If now, by a perfectly legitimate and effective system of taxation, we are incidentally able to possess the Government and the stockholders and the public of the knowledge of the real business transactions and the gains and profits of every corporation in the country, we have made a long step toward that supervisory control of corporations which may prevent a further abuse of power.

Avi-Yonah considers this a stronger argument than the ones usually advanced by defenders of the corporate income tax, such as the idea that not taxing corporations would make it easier for people to shelter income by stuffing it into their own personal corporations. A century after the Progressive Era, Avi-Yonah comes down pretty much the same way as Taft:

My basic argument is therefore that the corporate tax is justified as a means to control the excessive accumulation of power in the hands of corporate management, which is inconsistent with a properly functioning liberal democratic polity.

Coy is Bloomberg Businessweek?s Economics editor.

Source: http://g7finance.com/investing/should-we-abolish-the-corporate-income-tax/

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Australia Advises Japan To Keep Whalers Out Of Its Waters

The Federal Government has issued a fresh warning to Japan to keep its whaling ships out of Australian waters after reports vessels are in the vicinity of Australia's exclusive economic zone.

There are reports that Japanese whaling vessels are in the vicinity of Australia?s exclusive economic zone near Macquarie Island in the Southern Ocean.

Following the reports, the Australian Embassy has told the Japanese Government it expects whaling vessels to steer clear of Australian seas.

In a joint statement between Attorney-General Nicola Roxon and Environment Minister Tony Burke, the Ministers said Australia was ?fully committed? to its legal case in the International Court of Justice to bring an end to Japan?s ?so-called scientific? whaling.

?The Government strongly objects to whaling vessels passing through Australian territorial seas or our exclusive economic zone,? it read.

Source: http://www.underwatertimes.com/link.php?url=http://au.news.yahoo.com/thewest/a/-/breaking/13012504/whalers-return-to-australian-waters/

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Sunday, February 26, 2012

Garden sheds, hallway cupboards and the cupboard 'up the ...

My grandparents lived in Reading. They had done all their lives and only ever lived in 3 houses in their entire lives. They moved from their family home to their first married house and then when this was knocked down they moved to the little flat where they stayed until they died, Granddad first and then Nan 2 years later. I don?t remember their house but have a photo of Nan outside it. The exciting wall paper on the walls is always the first talking point and then after it the haircuts and clothes that we look at. But when these are seen and you just stand and stare I see a happy, smiling lady who if I looked too long might ask me if I wanted a cup of tea?

Their flat had a garden out the front and a little one out the back. The back garden was crammed full of vegetables, flowers and there was very little space to sit and think. But then, I suppose, this wasn?t really a sitting and thinking garden. This was a food garden and as they worked hard, the plants grew the food helped with the bills. They used to keep rabbits too at their old house to eat also, but they didn?t do this at the flat. I remember rolling my eyes at yet another bag of tomatoes, cucumbers, potatoes that Nan used to give us and we took them home and chuckled over them but we did use them. Growing your own wasn?t fashionable really in the 80?s, life was about buying everything and not trying to grow or make your own so whilst the veggies were great, I don?t think I appreciated them as much as I should have.

They had a little shed at the bottom of the garden and in it I noticed old terracotta pots. I asked if she used them and when she said no I asked if I could have them as I love older things, things with a history and I was astonished when she said no, that could I take the white plastic ones instead? She wanted me to have the new things that she couldn?t have when she was young and I couldn?t get her to understand why someone would want old things. I remember she was quite cross about it so I left it and took the plastic one. I never used it but it made me smile when I saw it at the back of the garage years later. Dad had a house in Wales and she came for a visit once and we went to an antique shop and she was reminiscing over mangles and cast irons, wooden buckets and I loved it. She was telling me bits about her life when she was a young wife and I asked her where all these things were. Apparently she left everything behind when her house got knocked down. The mangles, the furniture and even the box of photographs that held the door open she pictured in her mind as she told me. I could not understand why she would leave any of this but as we stood there generations apart, this was the woman who had no bed of her own and no bedclothes either telling me she had the chance to have everything new and in that instance I understood.

They did take the old chair that was Grandad?s mums. (The picture is of my Grandparents wedding, guess which was the lady the chair was for; she?s tiny! My Granddad described her as a lady ?you wouldn?t say bugger twice? in front of. Small but a lady with 3 sons ? to the left of Granddad as we look at the photo.) The small dark wooden chair we have in our utility room that we all look at and use daily to sit on when we put shoes on and take them off. This tiny chair was made to fit the tiny woman that sat on it. My great Grandmother (Ellen) was 4 foot nothing and a normal chair was always too big as her feet didn?t touch the floor. My great grandfather (Mark) cut the legs down so although it looks a bit odd, the chair fitted her perfectly. Nan had a purple cover made and it sat in her bedroom in the corner from the day they moved in ?till the day I took it out and put it in my?small bathroom on my narrow boat. I took the cover off as I wanted to see the dents and nicks from years of use and I wondered at all the little splash mars of paint that were still on it.

The chair has followed me round in the various houses I?ve lived in, more than both my grandparents put together. It followed my Nan around too although it was made new again by the addition of the purple covering.

The flat also had 2 other cupboards one inside the entrance passageway and the other at the end of the hallway inside the flat. The cupboard inside was full of jumpers never worn. She was an amazing knitter (weren?t all grans then?) and kept knitting long after anyone actually needed anymore jumpers. The top shelf of the cupboard was full of them, lonely with no one to wear them but should there be a jumper shortage; she would be the woman to save us all. In the cupboard outside in the hallway there seemed a never ending supply of random items brought up in conversation. I needed a suitcase to go on a residential music course and out she popped and came back with this beautiful, vintage brown suitcase that I felt amazing when I carried it. I had it for years and it contained all my teenaged letters (another lifetime ago, another blog maybe) but it?s gone now, and I don?t know where. When I first mentioned sewing and needing a sewing machine, off she disappeared again and came back with the most amazing old sewing machine. Cast iron with a boat bobbin (so pre-1900?s) on a wooden base with mother of pearl inlay. I loved it but never got it going due to not being able to source a needle for it. I went to a factory just round the corner from where Nan was born and although the man said how gorgeous it was, he did say that it would probably never go again. Nan?s cupboard was legendary and it?s lovely sitting here typing away with a smile on my face just thinking about it.

I loved old and she loved new so whilst we never really met on our thinking about certain things she loved me enough to give me the things (from the few things) that she had. She?d share anything with anyone no matter how little she had. I want my boys to know about where my grandparents lived and not just the address or a Sunday drive past but that she grew beautiful purple aubrietias in the front garden and they didn?t have any heating in their flat for years, just and old bar heater that was never turned on making their bathroom freezing and even more so to a 7 year old. I want them to know that I stayed there over night watching ?Chitty Chitty Bang Bang? and that they were astonished I didn?t want to see the end as I was so tired I went to bed. I say bed but I had a makeshift blanket bed on the floor down by my grandparent?s bed as they only had the one bedroom. We made do and I remember it again with a smile on my face. I remember the little piles of money on the mantelpiece that Nan would carefully place a set amount each week so she had the money to pay the bills. She used to say ?that?s the electric money, that?s gas money?ect? and that?s where I get my obsession for saving on a weekly/monthly basis. Work out what you want, when you need it and divide it by the amount of weeks you have before you get it and that?s what you have to save. That?s from them, my grandparents.

I hope, one day, to inspire my own grandchildren. I hope they look back on photos with exciting wallpapers and exciting old fashioned clothes but I hope they too see the smiles in the photos and maybe, just maybe, if they stay looking just a little bit longer they might see the corners of my mouth upturn and they?ll know that it really will turn out fine, that an ordinary life can be extraordinary in terms of bonds created and memories left behind. I have my memories but my boys just have photos of people from another time and the stories about them their mum liked to tell and I think its important I keep doing that?

Here is a photo taken this morning of my 3 sons sating around that wooden chair that?s over 100 years old. It was great, they thought it was an odd idea to have your photo taken with a chair but when I told her about the lady who used to sit on it many years ago and showed them the photo of her (to shouts of ?She?s small!!!?) they came alive again and I was happy.

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Source: http://littlewhitecottage.wordpress.com/2012/02/26/garden-sheds-hallway-cupboards-and-the-cupboard-up-the-passage/

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Saturday, February 25, 2012

Best Ideas For A Home Based Business

Ideas For A Home Based Business

An extra income from a home based business won?t hurt especially if you earn more through it than your full time job.

Many Americans decide to just focus on their ventures to make sure it will reach their target and what they have invested will turn to ashes. Unfortunately, however you focus without really knowing what to do will just result to failure. Equipping your self with home based business operation is the answer to success.

But have you ever wondered why even the wisest minds in entrepreneurship sometimes fail? Ironic it is, but even the most brilliant minds do not venture to home based business that easily. They choose laboratory over lucrative businesses. A real smart person knows what to do and what to pursue.

If you are still having doubts in the type of home based business to pursue, here are some suggestions that according to experts can be the next big thing in the next 20 years.

1.

Web management service

Yahoo rates this as one of the top 10 home businesses for the next few decades. As the Internet expands and does not seem to stop for the next century, the demand for web content services does not have any way but up.

By offering services such as technical writing, web content writing, graphics designing, webmaster services and virtual office management, you can earn more than a full time employee in the same field. You just need to be computer savvy, an able computer or two with necessary applications and software?s, connections and ability to give what is being asked of you. You can also do manpower pooling if the demand increases.

2. Specialty baking and cooking

As technology gets more complicated by the minute, the health consciousness of Americans also jumped at a significant rate in the past decade.

The demand for healthier foods and more artistic presentations are projected to skyrocket starting this decade.

Foods are staples and for as long as human continue to eat; you will have the chance to grab that niche market.

3. Fitness training

Offering your own knowledge in a certain field is probably the cheapest way to do a home based business. As you have your whole time allocated according to your will, you can earn more without spending the whole day for it. Training services include yoga coaching, workout and sports training and even diet coaching.

4. Cleaning service

Modern appliances make cleaning an easy task compared to how you did it a few decades ago. However, the time a family can allot to their cleaning responsibilities also decreases making laundry businesses and housekeeping services thrive. Almost all kinds of cleaning services can be offered so better choose now to start that home based business.

5. Technical repair service

Everybody has a cellphone, computer, music player and other gadgets. The boost in demand of these products also increases the demand in repair services. Microsoft Company is even reportedly planning to train people for catering to Microsoft-related problems. Remember that warrantee expires. That is where you enter the picture.

6. Mentoring, Coaching And Training

In todays modern world more and more people are now turning to the Internet looking for ways to make some extra cash or even a full time living. But the majority fail, the reason is because they have no formal training on how to run a business online. The people that have success online are the ones that find a good mentor or coach to get some training. Once you have the knowledge behind you on how to run a home based business, you can then offer your knowledge at a price.

Anybody can start an online home based business these days, but it does not mean you will make money. So your job would be to point them in the right direction, show them how to get targeted traffic to their website, then turn that traffic into leads, then turn the leads into an income, in other words mentor them on how to market their business. This type of home based business is priceless.

Find out more about running your very own Home Based Business, I have A Free Video Course for you to enjoy http://myeasynetbiz.com You will learn all you need to know about getting your home based business up and running http://steve-duval.com

Source: http://www.1directory.net/home-based-business/best-ideas-for-a-home-based-business-7770.html

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Sports Medicine Degree Colleges

Top Online Schools With Your Degree

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Sports Medicine Degree Colleges

Are you sick of your monotonous desk job? Do you ever wonder what it would be like to do something active and lively all day and get paid for it? If you have ever felt like this, you should consider applying for and attending one of the many sports medicine degree colleges. The field of sports medicine is fun and rewarding. You can have the opportunity to work with athletes every day. Have you been recently laid off from your job? The job market is very good for people with sports medicine degrees because there are so many different careers that require a sports medicine degree.

A college is an institution where you can get an undergraduate degree in sports medicine in about four years. There are many different career options open to those with undergraduate degrees. You can go on to graduate school and become more specialized within the field. If you want to enter the work force after attending one of the sports medicine degree colleges, you can become anything from a personal trainer to an athletic training assistant for high school sports teams. Another positive aspect of sports medicine degrees is that once you enter the job force, the workplace environment is very good. Instead of working in a small and cramped desk space, you can work in an open environment where you will train athletes of other fitness enthusiasts. If you become a freelance contractor, you will be able to set your own hours and be your own boss. You can work as much or as little as you would like! If this sounds appealing to you, you should consider going to sports medicine degree colleges.

Getting In

If you have a dream and a desire to have a career working with a sports medicine degree, you should prepare now to attain that dream. Many sports medicine degree colleges have certain requirements that you must complete before they will be willing to admit you. All colleges require that you have finished your high school education. If you have not done this, consider going back to school or getting your GED. You should also have some record of your activities outside of high school. Did you play sports? Were you on the debate team? Anything that would make you seem more well-rounded and appealing to a college will help you get in. You should try to gain experience (even if it is small) within the field of sports medicine. Many high schools offer a sports training program. If you are out of high school, you may want to get a certificate in sports medicine especially if the college program you are applying to is prestigious.

You don?t have to spend your whole life sitting at a desk doing something you care nothing about. Sports medicine colleges give you the opportunity to increase your knowledge on an interesting subject, to help other people continue in fitness and exercise, and to allow you to spend your time doing something that you love. Start researching sports medicine degree colleges today!

Click to Find a School

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Source: http://www.mycollegesandcareers.com/degrees-and-certifications/sports-medicine-degree/sports-medicine-degree-colleges/

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Friday, February 24, 2012

Study proposes new measure of world equity market segmentation

Study proposes new measure of world equity market segmentation [ Back to EurekAlert! ] Public release date: 24-Feb-2012
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Contact: Sona Rai
sr2763@columbia.edu
212-854-5955
Columbia Business School

NEW YORK February 24, 2012 A recent study in the Review of Financial Studies proposes a new, valuation-based measure of equity market segmentation. Equity market segmentation occurs when stocks of similar risk in different countries are priced differently. The study, by Columbia Business School Professor Geert Bekaert, Chazen Senior Scholar at The Jerome A. Chazen Institute of International Business at Columbia Business School and the Leon G. Cooperman Professor of Finance and Economics, uncovers the factors that cause variation in market segmentation, both through time and across countries. Although barriers to capital flows often lead to equity market segmentation, a country's political risk profile and its stock market development are two particularly important local factors behind a lack of integration, Bekaert and his coauthors found. In addition, the U.S. corporate credit spread is an important factor on a global level. The study is coauthored by Campbell R. Harvey, J. Paul Sticht Professor in International Business, Fuqua School of Business, Duke University; Christian T. Lundblad, Edward M. O'Herron Distinguished Scholar and Associate Professor of Finance, Kenan-Flagler Business School, University of North Carolina; and Stephan Siegel, University of Washington Business School.

The removal of capital controls in developed countries in the 1980s and in emerging markets in the 1980s and early 1990s has led to a new era of global financial openness and trade. These changes should have had a profound effect on the valuations of stocks across the world, and therefore impact critical economic issues such as the cost of capital. However, although many countries have experienced decreased segmentation, significant levels of segmentation remain in emerging markets, the authors found.

In the study, the authors describe their new way of measuring the degree of effective or de facto equity market segmentation. Unlike most existing measures, the authors' framework is not tied to a specific asset pricing model. Instead, this country-level measure is based on industry earnings yield differentials, aggregated across all industries in a given country. With this new measure, it is easier to understand why one country is more segmented than another, and why this degree of segmentation changes over time.

Using this new measure, the authors test the degree that local and global factors account for valuation, after controlling for a country's global growth opportunities in its mix of industries. A main driver of segmentation is de jure access: some markets are simply closed by law to foreign investment. Yet even when a country is formally open, foreign investors may shun markets with weak corporate governance. The authors found that while equity market openness is the single most important economic variable in segmentation, stock market development is almost as important. Exploring segmentation at the industry level, the authors found that historically heavily regulated industries such as banking and insurance were among the least integrated early in their sample timeframe, but are now among the most integrated.

The authors used data from the United States, an effectively integrated economy, as a benchmark, and applied their new measure to 69 countries using monthly equity industry portfolio data from Datastream and firm-level data from the Standard & Poor's Emerging Markets Database across a time period of more than 20 years. The study documents the extent to which market segmentation has decreased over time, and shows that while developed countries have been effectively integrated since 1993, emerging markets continue to demonstrate levels of segmentation above the U.S. benchmark. As discount rates and growth opportunities become global in nature, this new measure of the absolute difference between local and global valuation ratios will shrink, the authors conclude.

###

About Columbia Business School

Led by Dean Glenn Hubbard, the Russell L. Carson Professor of Finance and Economics, Columbia Business School is at the forefront of management education for a rapidly changing world. The school's cutting-edge curriculum bridges academic theory and practice, equipping students with an entrepreneurial mindset to recognize and capture opportunity in a competitive business environment. Beyond academic rigor and teaching excellence, the school offers programs that are designed to give students practical experience making decisions in real0world environments. The school offers MBA and Executive MBA (EMBA) degrees, as well as non-degree Executive Education programs. For more information, visit www.gsb.columbia.edu.


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Study proposes new measure of world equity market segmentation [ Back to EurekAlert! ] Public release date: 24-Feb-2012
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Contact: Sona Rai
sr2763@columbia.edu
212-854-5955
Columbia Business School

NEW YORK February 24, 2012 A recent study in the Review of Financial Studies proposes a new, valuation-based measure of equity market segmentation. Equity market segmentation occurs when stocks of similar risk in different countries are priced differently. The study, by Columbia Business School Professor Geert Bekaert, Chazen Senior Scholar at The Jerome A. Chazen Institute of International Business at Columbia Business School and the Leon G. Cooperman Professor of Finance and Economics, uncovers the factors that cause variation in market segmentation, both through time and across countries. Although barriers to capital flows often lead to equity market segmentation, a country's political risk profile and its stock market development are two particularly important local factors behind a lack of integration, Bekaert and his coauthors found. In addition, the U.S. corporate credit spread is an important factor on a global level. The study is coauthored by Campbell R. Harvey, J. Paul Sticht Professor in International Business, Fuqua School of Business, Duke University; Christian T. Lundblad, Edward M. O'Herron Distinguished Scholar and Associate Professor of Finance, Kenan-Flagler Business School, University of North Carolina; and Stephan Siegel, University of Washington Business School.

The removal of capital controls in developed countries in the 1980s and in emerging markets in the 1980s and early 1990s has led to a new era of global financial openness and trade. These changes should have had a profound effect on the valuations of stocks across the world, and therefore impact critical economic issues such as the cost of capital. However, although many countries have experienced decreased segmentation, significant levels of segmentation remain in emerging markets, the authors found.

In the study, the authors describe their new way of measuring the degree of effective or de facto equity market segmentation. Unlike most existing measures, the authors' framework is not tied to a specific asset pricing model. Instead, this country-level measure is based on industry earnings yield differentials, aggregated across all industries in a given country. With this new measure, it is easier to understand why one country is more segmented than another, and why this degree of segmentation changes over time.

Using this new measure, the authors test the degree that local and global factors account for valuation, after controlling for a country's global growth opportunities in its mix of industries. A main driver of segmentation is de jure access: some markets are simply closed by law to foreign investment. Yet even when a country is formally open, foreign investors may shun markets with weak corporate governance. The authors found that while equity market openness is the single most important economic variable in segmentation, stock market development is almost as important. Exploring segmentation at the industry level, the authors found that historically heavily regulated industries such as banking and insurance were among the least integrated early in their sample timeframe, but are now among the most integrated.

The authors used data from the United States, an effectively integrated economy, as a benchmark, and applied their new measure to 69 countries using monthly equity industry portfolio data from Datastream and firm-level data from the Standard & Poor's Emerging Markets Database across a time period of more than 20 years. The study documents the extent to which market segmentation has decreased over time, and shows that while developed countries have been effectively integrated since 1993, emerging markets continue to demonstrate levels of segmentation above the U.S. benchmark. As discount rates and growth opportunities become global in nature, this new measure of the absolute difference between local and global valuation ratios will shrink, the authors conclude.

###

About Columbia Business School

Led by Dean Glenn Hubbard, the Russell L. Carson Professor of Finance and Economics, Columbia Business School is at the forefront of management education for a rapidly changing world. The school's cutting-edge curriculum bridges academic theory and practice, equipping students with an entrepreneurial mindset to recognize and capture opportunity in a competitive business environment. Beyond academic rigor and teaching excellence, the school offers programs that are designed to give students practical experience making decisions in real0world environments. The school offers MBA and Executive MBA (EMBA) degrees, as well as non-degree Executive Education programs. For more information, visit www.gsb.columbia.edu.


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-02/cbs-spn022412.php

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Physically disabled protesters clash with riot police in Bolivia over government benefits

Photos by David Mercado / Reuters

Physically disabled people clash with riot police in La Paz, Bolivia on Feb. 23, 2012. Hundreds of physically disabled people arrived in La Paz on Thursday after completing a protest march of 994 miles to demand that Bolivia's government offer support in the form of $434 payment to each physically disabled Bolivian, according to local media.

A physically disabled man tries to block a police vehicle during clashes with riot police in the center of La Paz on Thursday.

A wheelchair-bound woman is helped after being affected by tear gas during clashes with riot police.

?

Source: http://photoblog.msnbc.msn.com/_news/2012/02/23/10490229-physically-disabled-protesters-clash-with-riot-police-in-bolivia-over-government-benefits

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Thursday, February 23, 2012

Pittsburgh Lawyer Areas of Specialty: Real Estate Law Advice ...

If you?re searching for a Pittsburgh attorney with expertise in home law or a law firm in Pittsburgh to represent your situation, the following post will offer advice. Pittsburgh attorneys can help customers with leasing, home financing, land use, and other locations of home law.

Pittsburgh Attorneys and Law Companies in Pittsburgh Specializing in Genuine Estate Law:

Must you call for legal service or assistance during the program of a house project or advancement, pick a Pittsburgh law firm that specializes in guiding neighborhood and nationwide clientele by means of tasks and transactions. Pittsburgh Attorneys who realize the point of view of the two landlords and tenants, consumers and sellers, and borrowers and lenders can aid manual clientele by means of house acquisitions, turnkey developments, and complicated industrial lease concerns.

Pittsburgh Attorneys specializing in actual estate law can help customers with a selection of actual estate tasks, which includes:

Real estate developmentThe sale and acquisition of propertyFinancing

And leasing of the following:

Industrial workplace parksRetail centersIndustrial sitesResidential projectsFlex and mixed-use developmentsWarehouse and manufacturing buildingsRaw land

Your law firm in Pittsburgh should represent both tenant and landlord cases in all areas of lease negotiation, including tenant construction and build-out issues, complex commercial office leases, restaurant and retail leasing, and ground leases. Should you have questions regarding construction, environmental, zoning, taxation, title insurance, financing, and other land use and development concerns, a Pittsburgh lawyer can provide assistance.

Real estate law firms in Pittsburgh specialize in representing property developers (with regards to building and leasing major office complexes), mixed use developments, and strip malls as well. Retail establishments, professionals, and anchor tenants benefit advice from a Pittsburgh law firm. Your Pittsburgh lawyer should monitor all leasing issues and news in real estate law to provide current and comprehensive advice.

Ought to you have concerns about financing, a Pittsburgh attorney can offer help. A Pittsburgh law organization specializing in home financing can assist represent each lenders and borrowers in connection with actual estate credit amenities. Your Pittsburgh law firm home group can represent customers involved in documenting, negotiating, and closing various kinds of home financing transactions (which includes improvement loans, building loans, and long term and bridge financing). Your Pittsburgh law organization can offer the path, solutions, and guidance essential to near a home transaction.

A Pittsburgh law firm can counsel both residential and commercial developer, homeowner, and business in zoning, site plans, and matters of subdivision before government agencies and various boards. Should you have questions regarding laws, regulations, and procedures affecting a property owner?s use and development of real estate, contact a Pittsburgh law organization or Pittsburgh lawyer for further information.

John Q. Ruschmeyer
II is a writer about a lot of topics. This writer also sells products such as bowling shirts & patio dining set

Related Posts:

Source: http://www.thestocktradinginvestment.com/2012/02/23/pittsburgh-lawyer-areas-of-specialty-real-estate-law-advice-provided-a-law-firm-in-pittsburgh/

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Looking for Injury Lawyers? ? Articles Manifesto

Regarding working with a personal injury lawyer, the main circumstances in which you may need a legal group involve medical malpractice, health negligence, slip and fall injury, and car injuries. In case you are dealing with any one of these dangerous trauma it is very significant you talk to a qualified injury attorney irrespective of the state that you are currently in

Once you see yourself in any personal injury incident, there isn?t any doubt about it that you may be restricted due to the aches and pains due to the injury you suffered, hospital bills, lost wages, insurance policy, medical distress and so forth. To relieve the effect these complications may have on you, it is advisable to look for a personal injury lawyer who will show up at your assistance and help you become someone appropriately compensated

When it comes to personal injury compensation, liability in certain situation may be simple, like the auto accident attorney stating via witness testimony that the accused ran the red light tendering of the damage case in each sever injury case is quite an intricate thing to do. Hence actual wounds sustained in car accidents or property liabilities like spinal cord injury leading to paralysis traumatic brain injury, paraplegia or quadriplegia, and the consequential loss of leading a pleasant life can be very tough to tender in court by personal injury attorneys. So you must ensure you hire a highly experienced personal injury lawyer if you want to be successful in your claims.

Do you know that the major method through which attorneys present the general damages of their client? They do this by suing the information gathered from the victims, his family, friends and images as well as home movies showing every favorite activity. The client loved to engaged in prior to the accident compared with a ?day in the life? movie presented by the attorney to show the strength of the severely wounded client as he or she faces every difficulty brought upon him on daily basis.

In case you do not know, research has revealed that victims with law suits for injury originating from the fault of someone else or companies acquire a large amount of cash as compensation once they use the services of legal personal rather than when they reconcile the case with insurance companies unrepresented. And so don?t do the miscalculation of negotiating a personal injury case having a legal counsel on your side.

Want to find out more about Attorney in Orange County, then visit the best Orange County Lawyer for your needs.

Source: http://articlesmanifesto.com/reference-education/legal-reference-education/looking-for-injury-lawyers

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Wednesday, February 22, 2012

Important Academic Functionalities and Smart Phone Accessories of ...

New Health And Fitness.Org - Health Information You Can Use

A smart phone is surely one of the best electronic devices that you can have. Any businessman, professional, an average smart phone owner or even a student can find this really useful. There are a lot ways that a smart phone can help you out in school. This article will cover the different advantages offered by a smart phone when it comes to academic endeavors.

The smart phone is one of the best inventions and products brought by technological innovation and this keeps on evolving and the market keeps releasing great phones that are packed with fantastic features. The smart phone is great for communication as this is portable and really light to carry. With the utilization of a smart phone, you?ll be able to take advantage of the different features and appreciate it even more. You may have noticed the increasing performance of various phones. The various manufacturers of smart phones out there are always thinking of ways of how they can improve the smart phones.

Nowadays, people are not just using the smart phones for plain communication. The mobile phone has plenty of purposes and this has dramatically changed the lifestyle of the modern people since this has helped in making their lives easy. The smart phone comes with great features and you can make the most of the advantages they offer; however, there are also disadvantages in them depending on their performance and function. The users are able to take advantage of their smart phone. The smart phone comes with a great technology in order to provide the functions that the customers want from the phone.

A smart phone is fast and stylish and because of these, it has become a favorite of scholars. This offers the expected performance because of the various applications it delivers. The smart phone comes with a great collection of advantages that is worth of great credit. One of the many uses of the smart phone is for communicating with your classmates or group mates in school. With this, you can locate your classmates when there are things that would be discussed or when you are looking for your group mates to work with you in a research or particular project. As simple as this, a smart phone can always keep you connected with others.

Another great advantage of the smart phone that makes you successful in school is through the feature that you can edit your presentations through the phone. For example, if you have a certain schoolwork and you require quick editing for a project presentation, then you can do it with the device. Since you are using your smart phone all the time and you are carrying it from time to time, you should purchase a protective case. There are lots of cell phone covers that you can find in the market. Through these items, you?ll be able to ensure that your gadget is safe. Cell phone cases or phone covers, as they are also called, are essential in bringing out the style and personality of a mobile phone.

Depending on the kind of smart phone that you have, there are various BlackBerry accessories and Apple accessories that you can find in the market to enhance the experience with your smart phone. With this gadget, you can also take advantage of file sharing. This is one of the best things that your phone can do. You will be able to take pictures that you may require for your presentations and have them shared easy and fast. Because of these functions, the smart phone can help you succeed in your academics.

Find the latest cell phone covers here at Cell phone covers. Shopping online for Apple accessories, HTC accessories, or any other phone brand accessories has never been easier. Enjoy Free Shipping on all orders shipped within the United States.

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Source: http://newhealthandfitness.org/2012/02/21/important-academic-functionalities-and-smart-phone-accessories-of-a-wireless-phone/

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San Francisco Limo Services : a Great Way to Royal Ride | Press ...

We all wish to arrive in style whenever there is a special event. No matter what?s the event, hiring a San Francisco limo services is a great way to enter a party, a business conference, birthday bash or a wedding.

We all wish to arrive in style whenever there is a special event. No matter what?s the event, hiring a San Francisco limo services is a great way to enter a party, a business conference, birthday bash or a wedding. For some people, cost can be a one of the issues that they consider while hiring a limo service. But we all know that there is no substitute for quality and that a low price doesn?t always guarantee the best service. It?s important to learn more about the limo services before hiring them by visiting their website.

In the service of their customers, San Francisco limo services offer a variety of vehicles to cater to different clients at the same time. The different models of cars can seat anywhere from four to twelve passengers and they include traditional limousines to SUVs. SFO limousine services are willing to cater to different client needs. These services are operated by professionals who know how to keep a track of the clients and when they need to be picked up from the San Francisco airport or from any other part of the city using the latest technology that helps them track flights and reservations.

Above all, San Francisco limo services are the best when it comes to providing transportation services. Weddings are the perfect occasion to hire a limousine service as a lot of grooms hire these services for their bachelor parties. However, these parties can entail a bit of travelling, and hence, hiring a reputed limo service is of utmost importance. A good limo service usually provides a good chauffer that will ensure that the guests are safe right from the time they leave their point of pick up till their service ends.

San Francisco limo services are extremely important for those people who need to be picked up from the airport and have to go for a meeting on time. This is where the SFO car service plays an important part. They offer luxury San Francisco limousine service for transportation anywhere in the San Francisco Bay Area.?The limo hire companies offer services like special event transportation for weddings, birthdays, concerts etc. Their services include San Francisco International Airport?SFO limo?pick-ups and drop-offs, and San Jose International Airport?SJC limo?pick-ups and drop-offs.

Chauffeurs are always standing by SFO limo and they offer you a luxurious, private and safe ride to San Francisco Bay Area destination of your choice. Booking the limo for hourly service can save the hassle of parking or navigating the San Francisco lanes. These services also provide over the top Palo Alto Limo service for transportation between Palo Alto and SFO or SJC airports, and on-time and professional limo services to any Palo Alto destination. If you wish to go out for the night in Palo Alto, their chauffeurs will provide you with a luxurious and safe limo experience. It will be nothing less than having a royal ride.

Resources:
Alex is the author of this article on SFO car service. Find more information, about SFO Limousine Services here

Source: http://www.pro-pr.org/san-francisco-limo-services-great-royal-ride/

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Tuesday, February 21, 2012

Burberry headlines busy day at London Fashion Week (AP)

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A model wears a creation by designer Burberry Prorsum during a show at London Fashion Week, Monday, Feb. 20, 2012. (AP Photo/Joel Ryan)AP - So many beautiful clothes, so little time: London Fashion Week produced its busiest day Monday, with blockbuster shows including Burberry Prorsum, Christopher Kane and McQ by Alexander McQueen all jostling for editors' attention.


Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20120220/ap_on_re_eu/eu_london_fashion_daily_wrap

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Monday, February 20, 2012

Deconstructing Academe: The birth of critical university studies ...

Monday, February 20, 2012 ?

By Jeffrey J. Williams

Over the past two decades in the United States, there has been a new wave of criticism of higher education. Much of it has condemned the rise of ?academic capitalism? and the corporatization of the university; a substantial wing has focused on the deteriorating conditions of academic labor; and some of it has pointed out the problems of students and their escalating debt. A good deal of this new work comes from literary and cultural critics, although it also includes those from education, history, sociology, and labor studies. This wave constitutes what Heather Steffen, a graduate student in literary and cultural studies with whom I have worked at Carnegie Mellon University, and I think is an emerging field of ?critical university studies.?

Often criticism of the university seems a scattershot enterprise. A scholar from almost any discipline might have something to say about higher education, but it?s usually an occasional piece that?s a sideline from normal work. There is, of course, a sizable body of scholarship coming from the field of education, but it largely deals with elementary and secondary schooling. Or it follows established scholarly channels; for instance, it might gather and present data about the student body, or it could deal with administration, or fill in a segment of the history, sociology, or financing of education.

In contrast, this new wave in higher education looks beyond the confines of particular specializations and takes a resolutely critical perspective. Part of its task is scholarly, reporting on and analyzing changes besetting higher education, but it goes a step further and takes a stand against some of those changes, notably those contributing to the ?unmaking of the public university,? in the words of the literary critic Christopher Newfield.

To give it a name recognizes that it has attained significant mass and signals a gathering place for those considering similar work. ?Critical? indicates the new work?s oppositional stance, similar to approaches like critical legal studies, critical race studies, critical development studies, critical food studies, and so on, that focuses on the ways in which current practices serve power or wealth and contribute to injustice or inequality rather than social hope. ?Studies? picks up its cross-disciplinary character, focused on a particular issue and drawing on research from any relevant area to approach the problem. ?University? outlines its field of reference, which includes the discourse of ?the idea of the university? as well as the actual practices and diverse institutions of contemporary higher education.

Critical university studies is not only academic. Part of its resonance comes from its organic connections to graduate-student-unionization and adjunct-labor movements. That is probably one reason that it draws literary and cultural critics, because those in English and foreign-language departments typically do a great deal of introductory teaching (rather than, say, working in a lab or under one professor on a particular project financed by grants) and lead union efforts.

In my view, critical university studies emerged in the 1990s, as scholars began realizing what was happening to higher education. (In the 1980s, influential commentators like William G. Bowen were still predicting rosy prospects for the 1990s.) The approach was first suggested in books like Lawrence C. Soley?s Leasing the Ivory Tower: The Corporate Takeover of Academia (South End Press, 1995), Bill Readings?s The University in Ruins (Harvard University Press, 1996), and Sheila Slaughter and Larry L. Leslie?s Academic Capitalism: Politics, Policies, and the Entrepreneurial University (Johns Hopkins University Press, 1997), all of which analyzed the consequences of ?technology transfer? to businesses and the rise of corporate managerial policies in place of traditional faculty governance.

In the 2000s, critical university studies coalesced with work like David F. Noble?s Digital Diploma Mills: The Automation of Higher Education (Monthly Review Press, 2001), Jennifer Washburn?s University, Inc.: The Corporate Corruption of Higher Education (Basic Books, 2005), Joe Berry?s Reclaiming the Ivory Tower: Organizing Adjuncts to Change Higher Education (Monthly Review Press, 2005), Marc Bousquet?s How the University Works: Higher Education and the Low-Wage Nation (New York University Press, 2008), my own ?Debt Education: Bad for the Young, Bad for America? and ?Student Debt and the Spirit of Indenture? in Dissent magazine (Summer 2006; Fall 2008), Newfield?s Unmaking the Public University: The Forty-Year Assault on the Middle Class (Harvard University Press, 2008), and Michele A. Mass? and Katie J. Hogan?s Over Ten Million Served: Gendered Service in Language and Literature Workplaces (State University of New York Press, 2010).

As many of those titles indicate, this work focuses on the consequences of corporate methods and goals, like corrupting research and increasing managerial (as opposed to academic) control, cutting labor through reducing regular faculty positions (while increasing adjunct positions), and exploiting students by requiring them to work more and take on more debt. Many of these analyses debunk commonplace views?for instance, that research supports other parts of the university. Rather, Newfield shows, research often occurs at the expense of teaching, especially in the humanities. Or they debunk the idea that the university has a benevolent relationship to students; rather, graduate students are frequently used as cheap labor, and undergraduates are captive objects of exorbitant banking profits.

Another dimension of critical university studies occurs in new media. Perhaps more than through their books, Bousquet and Newfield have gained influence through their blogs, Bousquet at How the University Works and The Chronicle?s Brainstorm, and Newfield at Remaking the University, which is a key clearinghouse for information, particularly for higher education?s struggles in California. In addition, new media has provided a readily permeable channel among critics around the globe, for instance, under the auspices of the Italian-based international collective, Edufactory, which features radical solutions to current problems.

In some ways, critical university studies has succeeded literary theory as a nexus of intellectual energy. A dominant tenor of postmodern theory was to look reflexively at the way knowledge is constructed; this new vein looks reflexively at ?the knowledge factory? itself (as the sociologist Stanley Aronowitz has called it), examining the university as both a discursive and a material phenomenon, one that extends through many facets of contemporary life.

Critical university studies especially evokes critical legal studies because they both scrutinize central social institutions, and a comparison of the two gives a fuller sense of the new field. Critical legal studies, or CLS as it is often known, began in the late 1970s and became established during the 1980s among a group of American legal scholars who wished to show that the law was not neutral or impartial, but served dominant social and economic interests. In a similar way, critical university studies, CUS, turns a cold eye on higher education, typically considered a neutral institution for the public good, and foregrounds its politics, particularly how it is a site of struggle between private commercial interests and more public ones.

Another similarity is that both fields argue against academic practice as usual. Critical legal studies distinguished itself from standard legal history, suggesting that law was an instrument of its social structure, therefore serving the interests of propertied classes, as well as tried to find ways that law might contribute to more equality. Critical university studies distinguishes itself from the standard history of education or the palliative tradition of ?the idea of the university,? which projects an ideal image, and analyzes how higher education is an instrument of its social structure, reinforcing class discrimination rather than alleviating it.

In theoretical terms, critical legal studies grew out of a realist rather than idealist orientation, studying how the law operates in practice. It emphasized what the legal theorist Mark Kelman calls ?law in action? over ?law in books.? So, too, does critical university studies analyze the concrete instances and uses of higher education. One note I would take from Kelman is that we might call critical university studies ?criticism in action? or ?theory in action.? It draws on the insights of contemporary theory but connects them to the institution under our feet.

The differences between CLS and CUS also help define the latter. The legal-studies movement was formed primarily from the 60s generation and reflected some of the concerns of the civil-rights and antiwar movements. Developed by those largely from the succeeding generation, university studies is a response to the draining of social institutions since the 1970s, resulting in what I?ve called the post-welfare-state university, when public rights to education and other social services established after World War II have been shaved back. Critical legal studies grew out of a critique of complacent midcentury liberalism, whereas critical university studies is a critique of neoliberalism and the conservative ascendency.

Both assume not merely an academic but an activist dimension?but come from different places. Critical legal studies usually came from those at elite institutions, notably Harvard and Yale Universities, and desired to change policy top-down through legal education. Critical university studies comes from people at a range of institutions, for the most part from public colleges and universities, and a variety of positions, and desires to change policy through direct action in unionization or the various ideas to reform student debt, as well as in reportage, analysis, and policy proposals.

And it has had effects, beyond the ivy, in recent student-protest and faculty movements in California, in Oregon?s CORE faculty-student advocacy group, and in the Occupy Student Debt Campaign, on which I have consulted and on which the cultural critic Andrew Ross has worked. Critical university studies provides the factual and intellectual ballast for such campaigns.

There are two views of the history of critical university studies. One emphasizes its continuity with a tradition inaugurated in the 19th century, or before, in America. Steffen leans toward this view in her dissertation, ?Intellectual Proletarians in the Student Factory: Criticism of the University, 1900-1930,? which highlights figures like Upton Sinclair and groups like the League for Industrial Democracy. Indeed, Sinclair?s 1923 The Goose-Step: A Study of American Higher Education was the magisterial muckraking report on universities of its time and indicts the ways in which they were byproducts of the fortunes and whims of the great robber barons.

The second view emphasizes the field?s specificity to our time. I favor this more presentist orientation: While critical university studies might have forebears like Sinclair, and while we might draw inspiration from them, it is distinctive in arising from and responding to the vast octopus of contemporary higher education and the current trend toward privatization. Think of this analogy: One could speak of the university as continuous, for instance of Harvard from its founding in 1636 to now, just as one could speak of Procter & Gamble as a continuous entity. However, there is a vast difference between the small shop of Procter the candlemaker and the corporate octopus of Procter & Gamble, a difference that is puttied over when we speak of it as continuous.

The current university is discontinuous simply in terms of size, with its huge real estate and other holdings, unimaginable in the previous system, and with its huge student body and faculty. In 1899-1900, according to the National Center for Education Statistics, there were 23,868 faculty in degree-granting institutions. In 1999-2000 there were 1,027,830. Likewise, students increased from 237,592 to 14,791,224 in the same period?a factor of almost 63 times, whereas population rose slightly more than 3.5 times. The university is a hub institution of our time, touching the lives of almost every American, reaching them as students or through any of its other spokes.

Over the past few years, the conditions prompting our investigation of the university have become even more urgent, as there have been greater decreases in public support, more pressure on selling off parts of research to businesses, more casualization and speed-up of faculty labor (adjunct positions and heavier work loads), and regular increases in tuition and subsequently student work hours and debt. There is thus a pressing need not only to diagnose what?s happening but also to oppose changes that go against the public interest and to propose policies that might strengthen higher education. We need a strong critical study of the university?especially now.

Critical university studies has a full slate of work continuing, but one task that I think will take on more importance in the next few years is investigation of the globalization of higher education, which is promoted as altruistic but is often actually a profit-seeking endeavor through which American or European universities sell their brands and services. For instance, my own university has recently agreed to a partnership with the Rwandan government to provide graduate engineering programs in that country. That met with controversy because of the human-rights abuses of the Rwandan regime that signed the deal. While understandably troubling, however, the controversy obscured a fundamental problem. Even if Rwanda were an exemplary state, the deal seemed foremost a cash transaction: Carnegie Mellon receiving $95-million. The university operated as any profit-seeking company would?which is good for its balance sheet, but is that the role of a university? Moreover, rather than gaining a niche for our institutions in underdeveloped regions, shouldn?t the goal of such an exchange be for Rwanda to develop its own universities?

Within critical university studies, there are some early efforts at exploring what Ross has called ?the rise of the global university,? such as Edufactory and some British-based scholars who have advocated ?critical higher-education studies.? We in the United States might explore comparative frames more than we have so far, looking to Europe, where countries typically provide greater support to higher education but are now experiencing changes similar to those befalling American institutions, as well as to the gold rush of major university brands moving into the Middle East, Asia, and Africa.

Another task is closer to home and more modest: We should incorporate issues about higher education into the curriculum. Through the 1990s, Gerald Graff, a professor of English, urged us to ?teach the conflicts,? in his book by the same name. I would amend that to ?teach the university.? Graff was responding to the culture wars of the late 1980s and early 1990s and trying to turn them to productive use in pedagogy. One problem, though, was that ?conflict? is finally an amorphous category that might apply to Holocaust denial as well as anything else. ?The university? provides a content, one that has immediate relevance to our students in their own lives, as well as to their understanding of our society. It bears on substantive questions about citizenship, the idea of the public, and the humanistic tradition.

One might teach a course on the university in a variety of departments, including literature, media, history, sociology, and even business, and such a course naturally lends itself to an interdisciplinary range of readings. It prompts students to look at the connections among American history, ideals, and narratives; it also provides a test case for debates over political and legal theory, from the U.S. Supreme Court decision of 1819 that not only established Dartmouth College as an autonomous entity, but also the legal status of corporations. One might also draw on sociological data, business reports, and policy debates for students to research and argue about.

I teach in an English department and have seen such a course put to good use in freshman writing classes, opening students? eyes as well as engaging them, and introductory literature classes, where they might study fiction as well as some theoretical and historical context. It could also be an excellent graduate seminar in which students might develop research projects in many fields, be they literary history (for instance, on the academic novel) or labor history (for instance, on graduate student labor).

While those of us affiliated with critical university studies tack to a progressive ideal of free and open public education, teaching the university does not presuppose any political position. Instead, it puts the issue in front of students for them to question, investigate, and judge. After all, they are not only the subject of higher education but will soon be our citizenry, so they might more knowledgeably decide what system they want, how it might promote an enhanced public life, and how it might contribute to the flourishing of those who pass through its classrooms, quads, and online portals.

Jeffrey J. Williams is a professor of English and literary and cultural studies at Carnegie Mellon University. He is finishing a book called Brave New University and elaborates his plan to ?teach the university? in Pedagogy (Winter 2008).

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Source: http://www.edu-factory.org/wp/deconstructing-academe-the-birth-of-critical-university-studies/

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