Older people's experiences of community life: patterns of neighbouring in three urban areas

This paper examines changes to the community life of older people living in three urban areas of England: Bethnal Green, Wolverhampton and Woodford. All three were the subject of classic community studies in the 1940s and 1950s, these providing rich material about the lives of groups such as elderly people. Using this earlier research as a baseline, the paper presents data on how the experience of living in urban neighbourhoods has changed for older people in the intervening years. The article reviews the relationship between elderly people and their neighbours, drawing on quantitative as well as qualitative data. In conclusion, the paper identifies a number of general arguments pointing to the value of a community and locality perspective for understanding the impact of social changes on later life.     

Corporate Financial Distress and Turnaround Strategies: An Empirical Analysis

Extant research on corporate turnaround from financial distress has prescribed a range of strategies to effect corporate recovery. However, no large sample study has examined the general applicability and effectiveness of these strategies. We set out to test the effectiveness of strategies and identify the underlying factors of effectiveness – the impact of timing, intensity and implementation of strategies on corporate recovery. We examine a sample of 166 potentially bankrupt UK firms drawn from 1985 to 1993 and track their turnaround strategies for a period of three years from distress. These strategies include operational, asset, managerial and financial restructuring. Our results show recovery and non-recovery firms adopt very similar sets of strategies, and managers of non-recovery firms restructure more intensively than recovery firms Nevertheless, non-recovery firms seem far less effective in strategy implementation than their recovery counterparts. Whereas recovery firms adopt growth-oriented and external-market focused strategies, non-recovery firms engage in fire-fighting strategies.     

The food "surplus": A staple illusion of economics; a cruel illusion for populations

Disjunction between market surpluses of food and worldwide nutritional shortfalls appears to be symptomatic of underlying vulnerabilities, raising questions about the sustainability of agricultural production.David F. Durham, J.D., is a member of the Board of Directors of Population-Environment BALANCE. Jim C. Fandrem, M.A., is a member of Board of Directors of Californians for Population Stabilization.     

Nostalgia: A sphere and process of contemporary ideology

This theoretical essay looks at the ahistorical elements of nostalgia as found in popular culture, with special emphasis on discussion within the Frankfurt School offered as alternative explanations. It is argued that the anti-critical thrust of nostalgia masks the crises of monopoly capitalism and redirects the conflicts in manageable channels. This conclusion is reached in light of analyses by Marcuse, Horkheimer, Habermas, Adorno and other critical theorists who have considered these issues.Revised version of paper presented at the annual meeting of the Southwestern Social Science Association, Houston, Texas (April, 1978).