Critical decision areas in corporate financial policy

The argument in this paper rests on the assumption that the prime objective of any corporate activity must in some way be related to a profitability goal, however this may be measured, however this may be defined, and however this may be constrained by the relevance of a times-cale.

The paper makes some comments on the selection of a corporate objective or goal but mainly it considers the direct contribution that financial management can make to achievement of this goal. It distinguishes this from the accounting rôle which is more appropriately concerned with measuring and monitoring progress towards the goal.     

State lotteries and compulsive gambling

The legalization of gambling, including state lotteries, has resulted in a dramatic increase of compulsive gambling. Not surprisingly, a new profile of compulsive gambler has emerged which differs significantly from the previous profile of white, middle aged, middle class male. This paper discusses public policy issues, lottery advertising, and legislative/lottery support given to address the problems of compulsive gambling.     

The abortion issue and Title VII employment discrimination: The microcosm of the law

This paper presents a discussion of a 1989 United States federal appeals court ruling in the case of Doe v. First National Bank. The case is the first ruling on the federal appellate level involving a claim of Title VII employment discrimination based upon alleged employer knowledge of and animus towards an employee who had undergone an abortion. Doe raises the ethical questions of how a highly charged, national social issue can be reduced to interpersonal dealings between a supervisor and her subordinate in the workplace. The facts of the case are presented in a chronological manner, followed by a discussion of both the court rulings in the case and the utility of employing this case as an excellent tool in the teaching of business ethics and society.     

Hierarchic predictive ratio-based and product-based estimators and their efficiency

SUMMARY Invoking the predictive approach with a fixed population set-up, and employing initially the customary ratio and product estimators as potential predictors for the non-surveyed part of the population, we have generated sequences of ratio-based and product-based estimators. The proposed ratio-based and product-based estimators of order k are-under some practical conditions-found to be more efficient than the customary ratio and product estimators and the usual simple mean when k is chosen optimally. Under the optimal value of k, the kth-order ratio-based and product-based estimators are found to be as efficient as the linear regression estimator. We have used real population data to illustrate the efficacy of the proposed ratio-based and product-based estimators relative to the usual simple mean and the customary ratio and product estimators.     

THE SYMBOLIC CONSTRUCTION OF RUSSIA AND THE UNITED STATES ON RUSSIAN NATIONAL TELEVISION

Analysis of 1995 Vremya (Russian national television) newscasts reveals few traces of the cold-war framework that dominated news media discourse throughout the world for almost four decades. The ability of Vremya to reconstruct its images of Russia and the United States reaffirms the contention of Edelman, Hall, and others that media news accounts evoke a spectacle that is an ideological product, not a set of facts. The spectacle of politics is a fetish, a creation that then dominates the thought and action of its creators.