Neopopulism and neoliberalism in Latin America: Unexpected affinities

Why have political populism and economic liberalism coexisted under Presidents Menem in Argentina, Collor in Brazil, and Fujimori in Peru? In order to elucidate this surprising convergence, which established conceptions of populism did not expect, this article stresses some underlying affinities between neoliberalism and the new version of populism emerging in the 1980s. Both neopopulism and neoliberalism seek to win mass support primarily from unorganized people in the informal sector, while marginalizing autonomous organizations of better-off strata and attacking the “political class.” They both apply a top-down, state-centered strategy of wielding political power. Finally, neoliberal efforts to combat Latin America’s deep economic crisis yield some benefits for poorer sectors, to which neopopulist leaders appeal, while imposing especially high costs on many of the better-off opponents of neopopulism.     

Kuratorengesetz: Darf ein Gesetz einem Investor einen Kurator aufzwingen?

Im Zusammenhang mit der A-Tec-Pleite sorgte die Tatsache für überraschung, dass in ?sterreich auf Basis des sogenannten Teilschuldverschreibungskuratorengesetzes ein gerichtlich zu bestellender Kurator die Gl?ubigerrechte der Anleiheinhaber koordiniert. Der Beitrag geht der Frage nach, ob dieses aus dem Jahr 1874 stammende Gesetz überhaupt noch gültig ist und ob die darin vorgesehene Kuratorenbestellung in verfassungs- und unionsrechtskonformer Interpretation (noch) als zwingende Norm angesehen werden muss, wie der OGH in einer bislang nicht revidierten Entscheidung aus dem Jahr 1937 befand.     

Comment on Michael A. Stegman et al.’s “Preventive servicing is good for business and affordable homeownership policy”: What prevents loan modifications?

Abstract

After discussing the article by Stegman et al., this comment describes the barriers to preventive servicing for securitized residential loans and assesses the importance of loan modifications, given the recent increases in default and foreclosure rates for subprime loans. Several hurdles slow or reduce such modifications, even those that help borrowers and investors alike. For example, self‐interest may reduce servicers’ willingness to modify loans rapidly. In addition, underlying securitization agreements may impede servicers’ ability and discretion in this area. Further, tax laws that govern a common securitization entity may limit modifications, as may accounting standards. Finally, “tranche warfare,” the sometimes contradictory fiduciary duties servicers have toward investors holding different tranches of securitized pools, may decrease their ability or their willingness to modify loans.

This comment concludes that barriers to effective loan modifications should be reduced or eliminated where feasible, but that the securitization of subprime loans creates risks for borrowers.     

Compliance and learning in an intervention program for partner-violent men

Although research has yielded mixed findings regarding the effectiveness of intervention programs for partner-violent men, it appears that greater participant compliance with such programs is associated with better outcomes. However, no research to date has jointly examined compliance with intervention programs and the extent to which partner-violent men learn specific information presented during the programs. The current study makes use of existing data to evaluate general and specific elements of partner-violent men's compliance with (i.e., active, appropriate participation in) an intervention program and recall of key points from the program. Results from a subsample of 22 men indicate that at program termination, those rated as having been "process conscious" during intervention group sessions, having self-disclosed during sessions, having evidenced awareness and use of techniques to avoid violence, and having used respectful language show greater recall of material taught in the program. This finding points to the potential benefit of taking steps to increase men's active participation in programs and of studying active engagement as a mediator of program effects on men's violence toward partners.