ABCP asset‐backed commercial paper ABS asset‐backed security ABX a source of price indices for MBSs and CDSs ARM adjustable‐rate mortgage B...

The current debate on U.S. housing policy focuses on the role of the government in supporting the mortgage market. Existing organizations (Fannie Mae/Freddie Mac) are in conservatorship status, and Congress is considering alternative structures and guarantees including the Johnson‐Crapo bill, to provide catastrophic insurance in support of the coverage from private companies. The resolution of this issue is complicated by the various activities involved in the issue—investment securities, public policy, macroeconomics, accounting, and insurance. This article reviews the impact of (...) these activities on U.S. housing, with a discussion of the feasibility of creating a catastrophic insurance program similar to that of the Federal Deposit Insurance Corporation. The federal government has successfully operated catastrophic insurance programs in support of private sector initiatives, and this experience—while certainly not perfect—may be a reasonable approach to the current Fannie/Freddie dilemma. (shrink)

On Sept 15, 2008, ‘‘Dark Monday,’’ the world witnessed a radical reshaping of Wall Street. Lehman Brothers fell toward bankruptcy; Merrill Lynch was sold to its rival, Bank of America; and AIG pleaded for $40 billion in government relief. Those calamities marched in step with a dismal parade including the US government takeover of Fannie Mae and Freddie Mac, the bailout of Bear Stearns, and the entire subprime debacle. We rightly blame Wall Street leaders for bungling business decisions, for (...) misestimating risk and overloading banks with single-strategy investments. We now are living with the aftermath of these business mistakes. But how about ethical mistakes? Were they, too, part of the crisis? (shrink)

ABSTRACT The underlying cause of the financial meltdown was much more mundane than a “crisis of capitalism”: The real origins lay in mostly obscure housing, tax, and regulatory policies of the U.S. government. The Community Reinvestment Act, the affordable‐housing “mission” of Fannie Mae and Freddie Mac, penalty‐free refinancing of home loans, penalty‐free defaults on home loans, tax preferences for home‐equity borrowing, and reduced capital requirements for banks that held mortgages and mortgage‐backed securities combined with each other to create the (...) incentives for both subprime lending and the housing bubble that eventually led to the financial collapse. (shrink)

Objectives: The objective of this study is to estimate the proportion of different types of end‐of‐life decisions (ELDs) of physicians in the city of Hasselt (Flanders, Belgium). The question is addressed to what degree these ELD meet legal constraints and the ethical requirements for prudent practice. Methodology: All physicians of the city of Hasselt who signed at least one death certificate in 1996 (N=166) received an anonymous self‐administered mail questionnaire per death case (max. 5/doctor) Results: the response rate was 55% (...) (N=269). In 37.3% of all cases at least one ELD was made (16.5% non‐treatment decisions; 16% potential life‐shortening by intensifying the treatment of pain and symptoms; 4.8% administration, supply or prescription of lethal drugs). In 59.5% of the cases were an ELD was made that decision was legally questionable. Patient characteristics were clearly related to the type of ELD. There was no influence of physician characteristics, except for commitment to life‐stance. In 71.3% of the cases the ELD was in no way discussed with the patient. 8.1% of the ELD‐cases were in response to a direct request from the patient Conclusions: The incidences of ELDs in Hasselt are consistent with earlier findings. The study shows that religious commitment influences the behaviour of physicians at the end of their patients' life. The patient's and her family's entitlements to participation in the decision making process were rather poorly respected. (shrink)

El martes 26 de abril de 2016 en la Universidad Pontificia Bolivariana de Medellín, en el curso “De la analítica a los acto de habla” del Doctorado en Filosofía, tuvimos la oportunidad de compartir y hacer una conversatorio con el filósofo mexicano Dr. Alejandro Tomasini Bassols, investigador del Instituto de Investigaciones Filosóficas y profesor de filosofía en la Facultad de Filosofía y Letras de la UNAM. El profesor Tomasini es uno de los investigadores más reconocidos en la obra del Filósofo (...) austriaco Ludwig Wittgenstein, además de haber desarrollado una importante obra alrededor de la tradición analítica y de algunos problemas actuales como la discusión sobre la pena capital. También el profesor Tomasini en su visita a Colombia, inicialmente participó en Medellín con una conferencia titulada “Derecho y objetividad”, en la Universidad Pontificia Bolivariana y luego en la Feria del Libro de Bogotá –FILBO- realizó la presentación y conferencia del libro Hacer mundos: el nombrar y la significatividad. Previo a su viaje a Bogotá, interactuó con el curso doctoral en filosofía y de este encuentro académico presentamos el siguiente diálogo. (shrink)

The present work tackles the issue of the effects of digitalisation on employment. This issue has been attracting a growing interest, in particular because of the anxiety generated by the idea that digital technologies could cancel a large number of jobs. Although I agree with argument put forward in opposition to the existence of a causal link between technological innovation and increased productivity at the macroeconomic level, I believe that the novelty and pervasiveness of digital technologies require more in-depth micro-level (...) analysis in order to understand the extent to which new digital technologies are currently employed by leading manufacturing companies and the ways new technologies are affecting employment. The empirical findings show that among the different technologies included under the umbrella of Industry 4.0, mainly robots have received a great deal of attention so far, while the current application and employment impact for other emerging technological opportunities such as 3D printing, Internet of Things, Augmented reality, Big data Analytics have not been studied yet. In relation to the qualitative changes of the labour market, our empirical research confirms that there are new types of skills that will be demanded in the future in manufacturing, in particular in relation to service provision and software development. (shrink)

El autor nos introduce en la experiencia del silencio, que postula fue en el comienzo de los tiempos el estado natural de los seres, y afirma que en el contexto de la vida occidental actual el hombre y la mujer han perdido contacto con su ser interior. Que el ruido de la sociedad moderna y artificial nos ha arrebatado el silencio indispensable para el desarrollo integral de los seres humanos.

Kritische beschouwing over godsdienst en geloof.

Se analizan las diversas escalas de tiempo que articulan las energías del cuerpo emocional productivo, en un contexto específico del capitalismo global, el neoliberalismo desarro-llado desde la década del noventa, es decir, en la civilización neoliberal. Desde la producción de subjetividad en proto-impresiones y confi-guraciones rememoracionales y protencionales en sus variadas formas en el consumo mimético, pliegue, falla, afecto a la espera, etc., se analiza el ritmo temporal del consenso emocional producido, experimentado como padecimiento de felicidad en el terror y, (...) con ello, la forma en que se produce la regulación y autorregulación del cuerpo emocional en el capitalismo. Se piensa en este trabajo que ello, en un tiempo lineal económico que exige productividad creciente, conduce al cuerpo emocional a una proyección dependiente de uno cíclico, en el que, ante imposibilidad de elaborar comienzos propios, deviene en un sujeto que técnicamente enfrenta el riesgo, percibido como cálculo económico. Está, por ello, en un eterno retorno, desde la protoimpresión a la protención, desde el afecto a la espera al terror. Es el retorno del mito del eterno retorno, en una civilización distinta. (shrink)

The article deals with the theories of the American philosopher John Searle concerning his embracement of a form of emergentism of the mind and his ideas about consciousness, intentionality with ‘C’, and language as a critique of traditional standpoints closer to positivist theses. Bearing this in mind, the general purpose is to reveal how the philosophy of Searle aims to recover the active role of the agent and, in consequence, the semantic and pragmatic dimensions of language are vindicated, dimensions in (...) which consciousness and intentionality are key to the construction and dynamism of social reality. (shrink)

Finance is an area that, in practice, is plagued by accusations of unethical activity; the study of finance had adopted a largely nonbehavioral approach to business ethics research. We address this gap in by assessing whether individual ethical orientations predict the acceptability of questionable decisions about financial issues. Results show that individual ethical orientations are associated with different levels of acceptability of questionable decisions about financial issues, though the pattern of these differences varies across individual ethical orientations assessed. These results (...) represent evidence that ethical individual differences are associated with the acceptability of questionable finance decisions and are discussed in terms of methodological limitations and future directions in finance ethics research. (shrink)

I ask whether figure-ground structure can be realized in touch, and, if so, how. Drawing on the taxonomy of touch sketched in Katz's 1925 The World of Touch, I argue that the form of touch that is relevant to such consideration is a species of immersed touch. I consider whether we can feel the space we are immersed in and, more specifically, the empty space against which the surfaces of objects, as I shall urge, “stand out.” Harnessing M. G. F. (...) Martin's account of bodily awareness and touch, I defend a positive thesis, pace Graham Nerlich on whose The Shape of Space I otherwise rely, both to defend the supposition that empty space can in principle be felt and to argue that touching empty space is not a mere species of absence perception. Along the way, I defuse a causal worry that might be thought to arise in the case of touching empty space. (shrink)

Self-Efficacy in Action provides a practitioner-friendly overview of the concepts, vocabulary, practices, and contexts related to teacher self-efficacy. This book engages readers in the meaningful discussions of practices and purposes of teacher self-efficacy to advance professionalism.

Discurso de posesión como Decano de la Facultad de Filosofía y Letras.

In this collection of essays, Camillo “Mac” Bica, Ph.D., a former Marine Corps Officer, Vietnam Veteran, and philosopher, provides a cogent analysis of why a veteran may not want to be thanked for his “service” in war. Mac’s experiential and theoretical perspective is both gut wrenching and concise. “The Philosopher speaks from the mind,” Mac writes, “the warrior from where it hurts.” With simplicity, poignancy, and power, this book, together with future installments of the War Legacy Series, works to dispel (...) the mythology of nobility and heroism by providing a window into the reality of war and its devastating effects upon all who experience its horrors. (shrink)

A vibrant portrait of four college friends-Iris Murdoch, Philippa Foot, Elizabeth Anscombe, and Mary Midgley-who formed a new philosophical tradition while Oxford's men were away at war.

Le “due nuove scienze” a cui si riferisce il titolo di questo pioneristica opera di Galileo sono oggi note come Meccanica dei materiali e Meccanica del corpo rigido (o Meccanica Classica). In accordo con il suo indomito desiderio di ricerca e perfezione, Galileo progettava di estendere quest’opera con ulteriori questioni e argomenti. In questo articolo si analizzano I contenuti scientifici e filosofici della “prima giornata” di questa, ingiustamente, non molto nota opera, con dovizia di commenti relativi allo stimolante dialogo tra (...) i vari personaggi. (shrink)

Se pretende establecer el contenido del concepto "marxismo" con base en la historia secular del fenómeno conocido con ese nombre. Para ello, se avanzan cinco tesis sobre su contenido teórico, su relación con Marx, su origen y fundación en el pensamiento de Engels y se precisa su relación y distinción con los conceptos de socialismo y de comunismo.

El centro de atención de este ensayo es la construcción teórica de la categoría afectividad, la cual se concibe como un sistema formado por las emociones, los sentimientos y las pasiones, de los cuales también se despliegan reflexiones en torno a su elaboración teórica. Este estudio se despliega desde una perspectiva filosófica y con una mirada totalizadora. Forman parte del contenido algunas elaboraciones teóricas de autores imprescindibles para entender estas temáticas y polemizar en torno a ellas, entre los cuales están (...) Juan Luis Vives, Renato Descartes, David Hume (a quien se le brinda una atención más esmerada) y Adam Smith; no obstante, también forman parte del contenido criterios de algunos estudiosos contemporáneos, como el filósofo italiano Remo Bodei y el filósofo español José Antonio Marina. Al profundizar en las categorías referidas, se establecen relaciones con facultades humanas, como la imaginación, así como con los valores, la cultura y el mejoramiento humano. (shrink)

Is it ethical or not to enhance the characteristics and capacities of human beings, making use of technological incorporations in their biology? This article presents arguments from both position pros and cons, about technological incorporations in human bodies. The denaturalization of technologically enhanced humans is discussed; A discussion is raised about the impact of these technologies on the population inequality; We present a contrast between whether the research is for treatment or enhancement purposes. Some of the repercussions on a society (...) of humans are analyzed, both hyper connected and technologically enhanced. Some of the future challenges that societies with technologically enhanced humans must face are presented. In conclusion, the development of technologies, within a regulatory and normative framework, to enhancing the characteristics and capacities of human beings is ethical. Because technologically enhanced humans are part of the NBIC convergence, and the NBIC convergence will generate new knowledge that will surely be used to develop clean and safe energy sources, preventive medical treatments that will eliminate diseases such as cancer and HIV, and design strategies to the conservation and decontamination of the planet. (shrink)

Mindfulness training is often promoted as a method to train cognitive functions and has shown such effects in previous studies. However, many conventional mindfulness exercises for beginners require cognitive effort, which may be prohibitive for some, particularly for people who have more pronounced cognitive problems to begin with. An alternative mindfulness-based approach, called restoration skills training, draws on a restorative natural practice setting to help regulate attention effortlessly and promote meditative states during exercises. Previous research has shown that a 5-week (...) ReST course requires less effort and is attended by higher compliance with practice recommendations than a conventional mindfulness course, without compromising long-term outcomes. Here, we compare ReST and a formally matched conventional mindfulness course regarding the role that initial individual differences in cognitive functioning play in determining practice compliance and long-term improvements in dispositional mindfulness and cognitive functioning. In line with expectations, ReST participants who had more pronounced cognitive problems to begin with practiced more during the course, which in turn explained much of their improvement in dispositional mindfulness and cognitive functioning. In contrast, initial cognitive functioning did not explain practice and improvement in the conventional mindfulness course. The results provide further support for the potential utility of ReST as a low-effort method for enhancing cognitive functioning among people who would struggle with the demands of conventional mindfulness training. With careful integration of mindfulness practices with a restorative natural setting, these people can develop mindfulness and self-regulation capabilities without relying on effortful training. (shrink)

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This ar ti cle ad dresses the dis cus sion of the relationship between political philosophy and po - litical science. Concepts are articulated throiugh poltical thought that of fer vi sion and a re la tion ship of pol i tics from a sci en tific per spec tive. When ap - proaching political scien..