CHINA’S STYLE

正Chinese president's visit to the Middle East is not just an economic,butdiplomatic investmentChina's friendly diplomatic links with Middle Eastern countries are not a new phenomenon.Some would argue that they go back centuries to the era of previous imperial trade links,and the Silk Road routes that carried spices,resources and precious metals between the two regions.In modern times,however.     

THE POWERS OF XI JINPING

Since becoming head of the Communist Party in China in late 2012, Xi Jinping has accrued an impressive raft of titles. He has been compared to the founder of the regime, Mao Zedong, and is seen by some as sitting at the centre of a network of different power sources. But is power as personalised as this model makes out in contemporary China, with all its complexity and diversity? And can one person really rule the continental sized country in this paternalistic way? This article argues that Xi's powers are intrinsically linked with the organisation that he leads and which his power is sourced in – the Party itself. Far from him being the emperor of modern China, it is the Communist Party which acts as the all-seeing, all-powerful ruler. In this model, Xi is its servant, not its master.     

Making a Difficult Decade Easier

Premier Wen Jiabao has played a major part inkeeping relations steady between China and the EU This year will see two meetings of the China-EU Summit. The first meeting, originally scheduled to be held in Beijing last October     

Oz’s Reorientation White papers illustrate the country’s new Asia-centered priorities

Between 2009, under the government led by Prime Minister Kevin Rudd in Australia, and 2013 when Julia Gillard was leader, Australia has produced two white papers on defense. The difference, at least in terms of their tone, is striking and has attracted much media commentary in Australia and abroad. These two important papers need to be put in context. Australia is geographically a huge country.     

Examining the Consequences of the “Prevalent Life Events” of Arrest and Incarceration among an Urban African-American Cohort

The life course perspective has traditionally examined prevalent adult life events, such as marriage and employment, and their potential to redirect offending trajectories. However, for African-Americans, the life events of arrest and incarceration are becoming equally prevalent in young adulthood. Therefore, it is critical to understand how these “standard” criminal justice practices, which are designed to deter as well as punish, affect deviance among this population. This study evaluates the long-term consequences of criminal justice intervention on substance use and offending into midlife among an African-American community cohort using propensity score matching and multivariate regression analyses. The results largely point to a criminogenic effect of criminal justice intervention on midlife deviance with a particularly strong effect of young adult arrest on rates of violent and property arrest counts into midlife. The theoretical and policy implications of the findings are discussed.     

On the use of auctions as a disposition strategy for RTC real estate assets: A policy perspective

Abstract

A sound strategy for real estate asset disposition is of paramount importance to the Resolution Trust Corporation (RTC) in its efforts to maximize costs resulting from the savings and loan bailout. A popular current approach to this problem is to employ expeditious sales structures such as auctions. Although auctions clearly speed up the disposition process, it is unclear whether they maximize net revenues. This paper analyzes the potential of auction structures to maximize sales revenue when such structures are applied to RTC commercial and residential real estate assets.

Absent political constraints, we conclude that auctions are usually inferior to traditional listing and broker sales channels. For the commercial real estate sector, this conclusion is based on the prominence of information‐acquisition costs, on market thinness on the buyer side, and on continued uncertainty regarding local economic recovery. Our conclusion for the residential real estate sector is based on the degree of property concentrations and the apparent inferiority of auctions for residential properties in weak markets. A recognition of short‐term political reality bolsters the case for auction approaches; however, the RTC should clearly stop promoting an image that it wishes to “sell, sell, sell.”     

FHA restructuring proposals: Alternatives and implications

Abstract

This article evaluates problems of the Federal Housing Administration (FHA) under its current structure, develops criteria for judging alternative structures, and suggests one alternative—an assigned risk pool—that encourages efficiency in the insurance function while still promoting low‐ and moderate‐income housing. A historical introduction explains how the current institutional relationships came about and created FHA's problems.

FHA's decline resulted from the mixing of a heavy social agenda with the basic insurance objective, a destructive reorganization of the Department of Housing and Urban Development that caused FHA to lose control and focus, and government's inherent inability to respond to market signals. Yet the economic rationale for government involvement in FHA functions is strong. An FHA organized as an independent government agency, a government‐sponsored enterprise, or even a privatized entity structured as an assigned risk pool could improve efficiency of underwriting, pricing, and administration while achieving the redistributional objectives.     

Between hearts and pockets: locating the outcomes of transnational homemaking practices among Mexican women in Canada's temporary migration programmes

Temporary migration programmes (TMPs) contain features such as reduced costs and the social legitimation of regularized entry that allow women, including the very poor, to access transnational livelihoods. For mothers, taking up opportunities for employment abroad inevitably involves ‘transnational homemaking’, the set practices involved in caring for family relationships and maintaining household economies across borders. In this article, we examine the transnational homemaking practices undertaken by rural Mexican migrant women employed in highly masculinized TMPs in Canada, tracing how they construct and maintain household economies across borders through a delicate (re)negotiation of reproductive roles and responsibilities with non-migrating kin in Mexico. We find that migration yields material and subjective benefits that enable the expansion of their citizenship across multiple dimensions ranging from the economic to the sexual. At the same time, as racialized, gendered, migrants from the global South, their labour and status in Canada are highly precarious. The advantages derived from transnational migration are thus tenuous, limited, and contradictory.