“Robin Hood” and Texas School District Borrowing Costs

The “Robin Hood” system of school financing in Texas takes property tax funds from wealthy school districts and gives them to poorer districts. This paper examines Permanent School Fund‐insured, school district debt and discovers that under the “Robin Hood” system, Texas school districts with either Aa or A1 underlying credit ratings have higher borrowing costs than districts with lower ratings. Also, the borrowing costs of Texas school districts with underlying credit ratings of Aa and A1 are higher than those for non‐Texas, privately insured school districts with the same ratings, while the borrowing costs of A and Baa‐rated Texas school districts are lower.     

An Empirical Investigation into Measurement and Determinants of Food Security

We examine the association between calorie-based indicators and experiential indicators of food security using data from slum households of Kolkata surveyed in 2010–2011. Experiential indicator is constructed following the United States Household Food Security Survey Module. Calorie based indicator is constructed using household-specific calorie norms. Modelling techniques take account of potential endogeneity in the relationship. The two indicators are aligned in the same direction implying more accurate targeting. However, there is a lack of one-to-one correspondence between the two measures and the drivers of calorie deprivation and food insecurity also differ, suggesting a one-size-fits-all policy cannot address both concerns simultaneously.     

NORTH KOREA’S PERSPECTIVES IN ITS ARGUMENT FOR A PEACE TREATY

In recent years, North Korea’s military provocations have been making the headlines. Beyond its harsh actions and remarks, North Korea persistently mentions ‘peace’ through a demand for a ‘peace treaty’. This may sound paradoxical. However, the origin of the North Korean argument for a peace treaty dates back to the Korean War (1950–53). Since then, North Korea has continued to raise the issue of a peace treaty in a consistent manner and the arguments have displayed similar logic and terminology throughout. It is this consistency and similarity that this article examines: through reviewing North Korea’s original texts, this article attempts to undercover North Korea's perspectives reflected in its argument for a peace treaty.