Collateral times

Abstract

Today’s financial system essentially relies on the pledge of collateral. A closer look at this uniquely cross-disciplinary instrument not only reveals a remarkable absence in the modern disciplines but also a close relationship with money. This connection is brought into theoretical perspective by analysing the role of pledge in three historical configurations. In ancient Greece, symbola and horoi stones emerge as two distinct devices to secure contract that become entwined in seventeenth–eighteenth century pledge-theories of money as witness and object of exchange. Together these throw new light on the contemporary form of shadow money as a distinct marriage of security and safety.     

Doing Work. Atypische Arbeit in der Film- und der Automobilbranche im Vergleich

Current analyses of labour market transformations focus on two groups: creative and precarious workers. While the first group is typically seen as particularly good at coping with flexibility requirements, the latter appear to lag behind in their ability to compensate for uncertain employment prospects. This paper compares the perceptions and accounts of work experience and employment prospects for low qualified precarious workers and project workers in the film industry. The comparison shows that both groups are far more similar to each other regarding the structural aspects of their jobs and with respect to their interpretations of their work situation than expected. In both cases, the “setting” of the industry and the production process, and a specific view of the qualifications required—under the structural conditions of the labour market segment—are key for interpretations of the work situation. On the basis of these findings, the study suggests that the prevailing foci on labour-market and labour-supply structures could usefully be complemented with the perspective of “doing work” for the analysis of “good” and “bad” work.     

Management of Megaproject During the Turbulent Period of Economic and Political Transformation in Slovakia

Megaprojects have distinctive characters when compared with smaller construction projects. Cost overruns and time delays are quite common. Risk management of such projects is quite complex, and many risks are not evident at the beginning. We deal in detail with serious political risks that are quite strong especially in Central and Eastern Europe. At the end, the author outlines the economic impact of the project as well as possible lessons that were acquired during its realization. In the present paper, the author analyzes the process of completion of Units 3 and 4 of the nuclear power plant （NPP） in Mochovce--the largest megaproject ever realized in Slovakia. Large and complex projects, especially highways, bridges, and NPPs are unique in that their construction ventures into the jurisdictions of many other utilities and disciplines, and they tend to affect large industrial or commercial areas. As such, they influence and get influenced by many stakeholders. Project managers who are not attentively interacting the project environment are likely to face difficulties during planning and execution of their projects. Stakeholder management is a major activity in projects. This is further emphasized when projects are large and complex by nature.     

Private Law and Public Stakes in European Integration: the Case of Property

Abstract:  In European legal discourse, the old public/private divide is experiencing a revival and a transformation. Member States used to claim autonomy in private law matters. Now private law is subsumed into a functionalist logic and can presumptively be harmonised if so demanded by the goal of market integration. States or local constituencies can only resist harmonisation by highlighting the connection between their private laws and those 'public' matters still immune from Europeanisation. Property law can effectively illustrate this phenomenon. The written pledge of non-interference with States' property systems, restated both in the TEC and in the draft Constitution, cannot be taken at face value, given the plethora of supra-national inroads into this field. But it performs the essential rhetorical function of reassuring national law makers that Europe will pay special attention to sovereign choices when harmonising those areas of private law which, like property, harbour an obvious core of constitutional values.     

Community Involvement as a Vehicle for Integration: A Study with Young Immigrants

ABSTRACT

Immigrants are often exposed to conditions of economic deprivation or to hardships of a social nature connected to their status. These factors increase their feeling of impotence, thus slowing down the integrative process. An element that could counter these disadvantaged conditions is participation in an association that promotes immigrants’ demands on a socio-political level. The first aim of this study is understanding the relationships between involvement and integration. The authors hypothesize that youth engaged in community are more integrated than not engaged immigrant youth. The second aim is to investigate the relationship between the type of activity, type of association and integration. The participants were 644 immigrant youth (Age range 19–35, 56.2%) that were involved in the community. The results show that involved immigrant youth report higher levels of both ethnic and national identity compared to not involved youth. Regarding the type of activity carried out, there is a statistically significant difference between activity of a social type, which obtains higher means, and of a civic type, which rather obtains lower means. While exploratory, the study shows and confirms the relationship between community engagement, young immigrants’ integration process and construction of identity.     

Responsiveness without Representation: Evidence from Minimum Wage Laws in U.S. States

How well does public policy represent mass preferences in U.S. states? Current approaches provide an incomplete account of statehouse democracy because they fail to compare preferences and policies on meaningful scales. Here, we overcome this problem by generating estimates of Americans' preferences on the minimum wage and compare them to observed policies both within and across states. Because we measure both preferences and policies on the same scale (U.S. dollars), we can quantify both the association of policy outcomes with preferences across states (responsiveness) and their deviation within states (bias). We demonstrate that while minimum wages respond to corresponding preferences across states, policy outcomes are more conservative than preferences in each state, with the average policy bias amounting to about two dollars. We also show that policy bias is substantially smaller in states with access to direct democratic institutions.     

Seeing the unseen: The Chernobyl imprint on the Hungarian public sphere

This research article analyzes the influence of the “Chernobyl factor” on the nuclear power discourse in Hungary. Despite its temporal distance, the geographical proximity of the Chernobyl disaster has significantly influenced the lives and perceptions of current Hungarian generations. The research examines two layers of public communication regarding the Chernobyl disaster—political discourse and Hungarian online news media—and matches these with the online representation of the catastrophe. This study finds that despite Chernobyl's significant impact on the cultural memory of Hungarian society, it is considered an event of the past with limited relevance for the future. The contemporary representation of Chernobyl reflects the aspirations and expectations of current society, manifests highly mediatized content, nurtures elements of infotainment, symbolizes danger and negligence, and socially reconstructs meaning through alienation from its original connotation. The Chernobyl factor does not appear significantly in current nuclear discourse in Hungary.     

Alcohol dependence and criminal behavior: preliminary results of an association study of environmental and genetic factors in an italian male population

The aim of this study is to propose an innovative approach evaluating the connection between alcohol use disorders and criminal behavior. The research, structured as a case–control study, was based on the analysis of environmental (social variables) and genetic factors (single nucleotide polymorphisms of glutamic acid decarboxylase) in a population (N = 173) of Italian alcohol‐dependent men. Group 1 (N = 47, convicted subjects) was compared with Group 2 (N = 126, no previous criminal conduct). Grade repetition, work problems, and drug problems were statistically associated with criminal behavior. Having daily family meals together and having children were inversely related to convictions. The genotype distribution of the two groups was similar. The association between environmental factors and antisocial behavior confirms previous findings in the literature. The lack of genetic association does not exclude the role of the gamma‐aminobutyric acid (GABA) system in determining antisocial behavior; further studies with larger samples are needed, together with investigation of other components of the GABA pathway.     

Reconstruction of the angle of shot by using computed radiography of the head

In a case of murder by a single .22 caliber bullet fragmented in the head, determination of the trajectory was a key issue in identifying which of 2 windows, 1 of which was associated with 2 suspects, was the site of fire. For this purpose, we processed the computed tomography of the victim's head by using a radiation therapy planning system called Plato, which is routinely used in radiation oncology. This tool provided a 3-dimensional reconstruction of the cranio-cerebral lesions and a spatial location of bullet and bone fragments. In this article is described the more intuitive relationship with forensic and ballistic data obtained from the 3-dimensional visualization and the physical and mathematical analysis used to calculate the angle of shot.