The accurate pricing of securities in the capital markets depends upon the markets being both efficient and fair. In management buyout transactions (MBOs), the price bid by inside managers enhances the efficient pricing of securities but raises a reasonable doubt about the fairness to existing shareholders. This study addresses this fairness question in MBOs and offers short-term and long-term legal alternatives which allow both the efficiency and fairness criteria to be met. In the short-term the case law established in the (...) Basic v. Levinson decision for merger negotiation disclosures should be applied to MBO transactions. Over the longer horizon, legislative changes should be made to existing securities laws. Applying the investor protection principles of the 1933 and 1934 securities acts to MBO transactions will suppress the temptation of managers to extract shareholder wealth for their personal gain. (shrink)

The earnings of African American women increased throughout the 1960s and 1970s, yet by the 1980s there were signs of a reversal. Using data from the 1980 and 1990 censuses of population, this study examines the deterioration in Black women's earnings across the 1980s. The authors ask what caused the earnings reversal given the improvements in Black women's human capital and industrial locations. The study finds that while the returns to schooling and industrial distribution improved over the decade, these gains (...) were offset by the negative effects of changing family structure, nonmetropolitan residence, and occupational redistribution. Noteworthy is the fact that despite higher returns for public sector employment, work in this sector contributed little to Black women's changing economic status, perhaps because of cutbacks in affirmative action programs. The authors also find evidence of a widening bifurcation among African American women workers, with growing numbers of this group concentrated in the lower end of the earnings distribution. (shrink)

BackgroundNusinersen is one of an increasing number of new, expensive orphan drugs to receive authorization. These drugs strain public healthcare budgets and challenge principles for resource allocation. Nusinersen was introduced in the Norwegian public healthcare system in 2018. A national expert group consisting of physicians was formed to oversee the introduction and continuation of treatment in light of specific start and stop criteria.MethodsWe have studied experiences within the expert group with a special emphasis on their application of the start and (...) stop criteria, rationing of treatment, and experienced moral dilemmas. A research interview with six members of the national expert group was performed, then analysed with manifest content analysis. The analysis was supplemented with publically available sources on priority setting and the process leading up to the introduction of nusinersen and the establishment of the expert group.ResultsSixty-six patients have received treatment within the first 25 months since the national expert group’s establishment. Treatment has not been discontinued for any patient. No patients under 18 years of age have been denied treatment, as those who were referred at this age were all deemed to fulfill the start criteria. The expert group has, however, increased geographical treatment equity and facilitated important cooperation at the national level. Furthermore, it has enhanced open and critical discussions of both medical issues and new ethical dilemmas.ConclusionAlthough facilitating equal access to treatment for SMA patients, the national expert group has not discontinued treatment for any patient. It is suggested that in order for clinicians to be able to ration care for individual patients, they require both adequate support and sufficient formal authority. Start and stop criteria need to be re-evaluated as more knowledge and experience are gained regarding the treatment. (shrink)

Global soft law, multistakeholder norms, the business practices and policies of leading companies, the expectations of...

RESUMENPresento una exposición de los argumentos de M. Dummett contra el proyecto davidsoniano de reducir, al menos en la formulación de una teoría del significado, la fuerza de habla de una emisión al sentido de una oración que funcione como un adscriptor de dicha fuerza. Constitutivas de tales argumentos son las tesis de que no hay fuerza sin convenciones lingüísticas y de que la fuerza de la aserción es un factor esencial en la determinación de la creencia.PALABRAS CLAVEFUERZA DEL HABLA-MODO (...) VERBAL-ASERCIÓN-CREENCIAABSTRACTAs it is known Frege distinguished two factors in meaning, sense and force. Now, the force of an utterance cannot be identified syntactically with the verbal mood of a sentence. On face of it Davidson tries to maintain a very formal conception of language analyzing the force in terms of truth-conditions, that is to say, in terms of sense.He introduces his paratactic analysis. But there is an objection by Dummett that the force is beyond the sense and so the meaning has a factor of use which is not formally reducible.KEYWORDSMEANING-FORCE-SENSE-PRATACTIC ANALYSIS. (shrink)

Contributions in the concept of the divine; influence; Islamic philosophy.

I am extremely grateful to Brandon Daniel-Hughes and Jeffrey Speaks for their careful reading of my proposals in Theology after the Birth of God and Practicing Safe Sects and for their insightful suggestions for clarifying the project and following out its social implications. Both essays were instructive and provocative, providing exactly the kind of critical and constructive commentary that authors hope their work will evoke. We share a great deal in common, including a robustly naturalist metaphysics, an appreciation for the (...) pragmatic philosophical tradition, and a deep concern about the psychological and political shape of future human communities. Instead... (shrink)

t. 1. Obʺektivnai︠a︡ dialektika -- t. 2. Subʺektivnai︠a︡ dialektika -- t. 3. Dialektika prirody i estestvoznanii︠a︡ -- t. 4. Dialektika obshchestvennogo razvitii︠a︡ -- t. 5. Kritika idealisticheskikh kont︠s︡ept︠s︡iĭ dialektiki.