A Responsibility to Profit? Social Impact Bonds as a Form of “Humanitarian Finance”

ABSTRACT

Recent years have seen the emergence of social impact bonds (SIBs), geared toward funding social interventions while earning financial returns. The article proposes to conceive of SIBs as a practice of contemporary humanitarianism. In an effort to trace the politics of such humanitarian finance, the article analyzes a SIB that sought to improve outcomes for homeless persons in London. It argues that, instead of relying on sentimental stories, the project was animated by a results-oriented, technocratic culture geared at solving social problems (rather than just alleviating suffering). Its mode of reasoning, however, directed attention to highly vulnerable individuals – and away from the structural conditions that perpetuate poverty. But at the same time, the scheme reworked exclusionary constellations “from within.” Thus, such humanitarian finance simultaneously performs a relation of inequality and a relation of assistance. The article makes the case for an ongoing engagement with both dynamics.     

Optimal Central Bank Conservativeness in an Open Economy

This paper develops a graphical method to determinethe optimal degree of central bank conservativeness inan open economy. Unlike Rogoff (1985a), the upper andlower bounds of the interval containing the optimaldegree of conservativeness are expressed in terms ofthe structural parameters of the model. It is shownthat optimal central bank conservativeness is higher,the higher the natural rate of unemployment, thegreater the benefits of unanticipated inflation, theless inflation-averse society, the smaller thevariance of productivity shocks, the smaller realexchange rate variability and the smaller the opennessof the economy. These propositions are tested fornineteen industrial countries for the period1960–1993. In testing the model we employ a latentvariables method (LISREL) in order to distinguishbetween actual and optimal monetary regimes.     

Versto? gegen § 17 TierSchG durch Lebendh?lterung von K?derfischen? Anmerkungen zu: AG Hannover 204 Ds 1252 Js 7381107 (42107) vom 29. Oktober 2007

Mit Urteil vom 29. Oktober 2007 hat das Amtsgericht Hannover einen Angler wegen Versto?es gegen § 17 Nr. 2 b des Tierschutzgesetz (TierSchG) zu einer Geldstrafe in H?he von 15 Tagess?tzen verurteilt. Nach den Feststellungen des Gerichts hatte der Angeklagte am 16.11.2007 sechzig Rotfedern zum Zwecke der Verwendung als K?derfische in einem insgesamt zehn Liter fassenden, jedoch zeitweise lediglich mit sieben Litern Wasser gefüllten ovalf?rmigen Eimer zur weiteren Verwendung zwischengeh?ltert. Im Verlauf der H?lterung schwammen einige der Fische an die Oberfl?che, woraus das Gericht auf einen zwischenzeitlichen Sauerstoffmangel im Beh?ltnis schloss. Nach Auffassung des AG Hannover stellt das Verhalten des Anglers insgesamt einen Versto? gegen § 17 TierSchG in der Modalit?t des Zufügens von l?nger anhaltenden erheblichen Leiden nach Nr. 2 b dar.     

Suicide with the latest type of slaughterer's gun

The authors describe a case of suicide by a single shot to the head from the latest type of captive bolt pistol (which has lateral instead of frontal gas outlets), with the aim of finding criteria to identify correctly the lesions caused by this type of weapon correctly and to distinguish them from those caused by typical firearms.     

Governmentality and the War on Terror: FBI Project Carnivore and the Diffusion of Disciplinary Power

Social control capabilities have increased significantly over the past several decades, particularly because of an increased utilization of technologically advanced surveillance methods. Following the tragic events of September 11,2001, U.S. Congress and the present Administration have granted law enforcement considerable new powers in the enforcement and prevention of terrorism-related crime. Collectively labeled under the heading of the so-called war on terror , the scope of such laws, policies and directives are challenged by civil rights organizations and numerous legislators for lack of definitional precision, arbitrary application of sanctions, and violation of privacy laws. One of federal law enforcements surveillance tools is Project Carnivore, a Justice Department Internet surveillance program that is administered by the Federal Bureau of Investigation (FBI) to access information flowing to and from a central processing unit on a network connection. While, theoretically relying on Michel Foucaults theory of discipline and governmentality, as well as related insights in the social control literature, this paper examines Project Carnivore relative to the larger context of state rationality and related privacy issues.     

Toga Party: The Political Basis of Judicial Investigations against MPs in Italy (1983–2013)

Scholars agree that ideology affects judicial decision-making. We demonstrate that this proposition holds true even when the judiciary is independent of political control. Focusing on Italy (1983–2013), where the politicisation of the judiciary was an issue well before the entry of Berlusconi into politics, we estimate judicial orientations according to the support for factions within the National Judiciary Association. The results show that ideology affects trial court activity against deputies. As the support for left-wing factions increases, prosecutors are more likely to investigate right-wing parties. Conversely, as the share of right-leaning factions grows, investigations of moderate or rightist parties decrease.     

Out of Sight,Out of Mind? External Voting and the Political Representation of Portuguese Emigrants

Over recent decades, emigrants have gained expanded voting rights on a global scale. Despite the normative debates about this issue, there are few empirical studies on why states decide to implement external voting and how electoral systems perform. This article seeks to fill this gap by looking at the Portuguese case. Our study suggests that a combination of political and socio-economic factors explains the implementation of external voting. On the other hand, the interests of political parties and the low level of civil society engagement are key to determining the failure of electoral reforms and the attempts to overcome the shortcomings of external voting.