For investors and asset managers, expected stock returns are the rates of return over a period of time in the future that they require to earn in exchange for holding the stocks today. Expected returns are a central input in their decision process of allocating wealth across stocks, and are essential in determining their welfare. For corporate managers, expected returns on the stocks of their companies, or the costs of equity, are the rates of returns over a period of time in the future.
Dwight D. Eisenhower described leadership as “the art of getting someone else to do something you want done because he wants to do it.” Eisenhower was a successful wartime general and president. What made him successful? It was not a full head of hair and a fit physique, two of the physical traits of a CEO.
Two of the biggest scientific breakthroughs in paleoanthropology occurred in 2010. Not only had we determined a draft genome of an extinct Neandertal from bones that lay in the Earth for tens of thousands of years, but the genome from another heretofore unknown ancient human relative, dubbed the Denisovans, was also announced. A one-hundred-year-old conundrum was finally answered: did we mate with Neandertals?
With the recent announcement of our Place of the Year 2014 shortlist, we are spotlighting each of the contenders. First up is Brazil.Brazil brought the world’s soccer fans together this year, as it hosted the 2014 FIFA World Cup in 12 different cities across the country. Learn more about this lively country in this infographic.
The construction or recertification of a nuclear power plant often draws considerable attention from activists concerned about safety. However, nuclear powered US Navy (USN) ships routinely dock in the most heavily populated areas without creating any controversy at all. How has the USN managed to maintain such an impressive safety record? The USN is not alone, many organizations, such as nuclear public utilities, confront the need to maintain perfect reliability or face catastrophe.
Improving the transparency of the research published in Political Analysis has been an important priority for Jonathan Katz and I as co-editors of the journal. We spent a great deal of time over the past two years developing and implementing policies and procedures to insure that all studies published in Political Analysis have replication data available through the journal’s Dataverse.
In 2007, the UK Parliament passed the Legal Services Act, with the goal of liberalizing the market for legal services in England and Wales and encouraging more competition—in response to the governmentally commissioned “Clementi” report finding the British legal market opaque, inflexible, overly complex, and insulated from innovation and competition.
As Nehru was India’s longest serving prime minister, and both triumph as well as tragedy had accompanied his tenure, this is a fit occasion for a public debate on what had been attempted in the Nehru era and the extent of its success.
“Forgiveness,” does the word still exist in the vocabulary of modern-day individuals? Does this moral virtue guide people’s intentions, beliefs, and behaviors? Or has forgiveness died a silent death between the brick walls of centuries-old convents and monasteries? The word is steeped in religious traditions and is indeed central in several world religions and spiritual traditions. But is forgiveness relevant today, how so, and for whom?
Although the media hype is usually most frenetic during presidential election years, this season’s mid-term elections are generating a great deal of heat, if not much light. By October 13, contestants in 36 gubernatorial races had spent an estimated $379 million on television ads, while hopefuls in the 36 Senate races underway had spent a total of $321 million. For those addicted to politics, newspapers and magazines have long provided abundant, sometimes even insightful coverage.
British politics is currently located in the eye of a constitutional storm. The Scottish independence referendum shook the political system and William Hague has been tasked with somehow re-connecting the pieces of a constitutional jigsaw that – if we are honest – have not fitted together for some time. I have written an open letter, encouraging the Leader of the House to think the unthinkable and to put ‘the demos’ back into democracy when thinking about how to breath new life into politics.
In December 2013, Turkish authorities arrested the sons of several prominent cabinet ministers on bribery, embezzlement and smuggling charges. Investigators claimed that the men were contributing members in a conspiracy to illicitly trade Turkish gold for Iranian oil gas (an act which, among other things, violates the spirit of United Nations’ sanctions targeting Tehran). The scheme purportedly netted a vast fortune in proceeds in the form of dividends and bribes.
Today is Election Day in the United States, and we combed our archives for the stories behind historic American elections. Explore America’s presidential and Congressional history, from Abraham Lincoln’s first Senatorial race in 1858 to George W. Bush’s hotly-contested victory against Al Gore in 2000.
I just reviewed yet another “hot off the press” piano composition. It was posted on Facebook by someone I do not know – either as a person or by reputation. It looks good, but that is only because note-writing software has become so easy-to-use that anyone with the most basic knowledge can quickly crank out a “could-have-been-published” looking piece.
There is a reason that Congress’s post-election meetings are called “lame duck” sessions. They often aren’t pretty. Senators and representatives not returning to Congress (because they retired or were defeated for re-election) may not have strong incentives to legislate responsibly. Senators and representatives who will be part of the new Congress starting in January may […]
Thanks for all of your input over the last month as we considered our 2014 Place of the Year longlist in conjunction with the publication of the twenty-first Atlas of the World. Now that the votes are in, we’ve narrowed the nominees down to a shortlist of five, and we’d love your thoughts on those as well.