Crowdfunding industry—History,development, policies,and potential issues

Crowdfunding has gained a great deal of attention from policy makers, researchers, and practitioners. This paper attempts to provide an overview of the history and development of the industry and discusses different types of crowdfunding and their public policies. It is identified that the operation of peer‐to‐peer lending and equity‐based crowdfunding is regulated by the Financial Authority; the reward‐based crowdfunding (RBC) and donation‐based crowdfunding (DBC) is yet to be regulated, neither in the United Kingdom or United States. The lack of rules and regulations in the latter two models highlights the burning issues such as potential fraud and malpractice. Therefore, we suggest that it is timely to consider regulating the two types of crowdfunding possibly by governance mechanism with reporting requirements to keep track of the fund and to provide timely information. Additionally, it is advisable that practitioners to work on an agreed framework to establish industry standard, so potential investors can compare and assess the quality of projects easily. Finally, the management of crowdfunding platforms especially the RBC and DBC platforms should be improved. The ease of launching campaigns has made it difficult for both initiators and investors to succeed in the crowdfunding process. Further research to develop some form of assessment framework would be useful to both parties.     

Screening for Corticosteroid Adulterants in Korean Herbal Medicines

The objective of this study was to determine the presence of corticosteroids in illegal herbal medicines using ultra‐high‐performance liquid chromatography–tandem mass spectrometry. We collected 212 herbal medicine samples that were advertised as being effective for treatment of joint pain and bone aches. Samples were from the Korean commercial market during a span of four years (2010–2013), and the method was validated. The limits of quantification ranged from 0.47 to 15.0 ng/mL, and recoveries ranged from 80.6% to 119.5%. The intra‐ and interday precision ranged from 0.18% to 8.82% and from 0.09% to 8.96%, respectively. Among the samples, three samples (1.4%) were identified as adulterants. Dexamethasone was the only compound detected in the adulterated products. As the corticosteroid–adulteration of herbal medicines may become a major problem and lead to side effects, the continued development of screening procedures for herbal medicines is critical.     

Pioneer of moral education: Independent comission against corruption (ICAC)

Conclusion The ICAC has produced a wide spectrum of moral education packages, each serving different objectives and targeted at specific life tasks of young people. An activity-oriented and life-exposure model is emphasized, and the participation of pupils, teachers and parents is encouraged. Training workshops are organized for teachers, and teaching aids and manuals are also supplied. It is a whole-school approach, trying to reach pupils through various appropriate channels. It is also a wholeperson developmental approach, helping young people to progress from self integrity, family commitment, constructive inter-personal relationships, positive work ethics, to social responsibilities. Overall, it is a satisfactory model.     

Validity of Demirjian's and modified Demirjian's methods in age estimation for Korean juveniles and adolescents

In estimating age of juveniles and adolescents, the teeth are employed primarily because of its low variability and less affection by endocrine and nutritional status in development. Demirjian established criteria for evaluating maturity of teeth and his method has been used throughout the world. However, several studies showed the inappropriateness of Demirjian's method on populations other than the one it is based on. Consequently some researchers modified Demirjian's method using data of several different populations. Demirjian himself also published a revised method to overcome other shortcomings of his original method. The aim of this study was to test the validity of Demirjian's and the modified methods (Demirjian's revised, Willems', Chaillet's and new Korean methods) for Korean juveniles and adolescents. 1483 digital orthopantomograms which consist of 754 males and 729 females in the age range of 3-16 years were collected. New age estimation method based on Korean population data was calculated. Dental age was estimated according to each method and the validity was evaluated using the differences between chronological and dental age. The inter- and intra-observer reliability was evaluated to be excellent. Statistically significant difference was observed between chronological and dental age in all the methods for both sexes except new Korean method for both sexes and Demirjian's revised method for males. However, when analyzing absolute and squared value of difference, Willems' method was found to be most accurate followed by new Korean method with slight difference for Korean population for both sexes. In conclusion, both Willems' method and new Korean method conducted by present study were proven to be suitable for Korean population.     

How Concessional is Aid Lending?

The method used by Development Assistance Committee countries for measuring the concessionality of aid loans has remained unchanged for nearly 20 years. It was designed to measure the net cost of aid to donors not the net benefit to recipients. The discount rate used takes no account of changes in the value of the currency of the loan or of changes in prices for goods traded by recipient countries. Furthermore, it does not consider the implications of tying of aid or of policy conditionality. This paper suggests an alternative measure that shows the real net benefit of aid finance to recipients. It argues that the discount rate used by the Development Assistance Committee is too high and that changes in the value of the currency in which a loan is taken out can be important. Nevertheless, real rates of interest for developing countries remain surprisingly high despite low nominal rates due to falling prices of traded goods. This finding has implications for the future real cost of debt service to recipients.     

Just Jouissance: Discerning and Subverting a Politics of Inherent Transgression in Malaysian Socio-Political Discourse

The Kuala Lumpur Bersih 3.0 protests of 28 April 2012 exposed the fault-lines of Malaysia's ruling regime (led by the United Malays National Organisation, UMNO), which promises political reform whilst simultaneously employing crackdowns on protesters. This article aims to read Malaysia's socio-political discourse through Slavoj ?i?ek's political theory of the superego (itself predicated on Lacanian concepts) in which an obscene underside runs in dark parallel to the public official law. Many discussions of politics do not problematize the relation between power and its subversion, resulting in either a naive trajectory of protest as direct confrontation or as restricted to identity-based concerns (e.g. ethnicity and sexuality). An introduction to ?i?ekian-Lacanian theory interspersed with examples, both historical and contemporary, of UMNO's manifestations of the superego will precede a comparison of Bersih 3.0 mode of protest to the kind made popular by anti-government turned anti-Opposition blogger, Raja Petra Kamaruddin. As both represent divergent forms of political enjoyment (or jouissance), this article's thesis is that Bersih's specifically feminine form of protest—because of its capacity to subvert the superego within the nation's political discourse—is a preferable political response over against Kamaruddin's phallic, masculine type of political discourse based mainly on exception, privilege and exclusivity. A just jouissance could help overturn an unjust one. Largely a work of discourse analysis, this article aims to pioneer the application of psychoanalytical framework to the Malaysian socio-political domain, seeking to not only illuminate subtle cracks within an oppressive system but also redefine the very meaning of political liberation.     

Modified Midi‐ and Mini‐Multiplex PCR Systems for Mitochondrial DNA Control Region Sequence Analysis in Degraded Samples

Two multiplex polymerase chain reaction (PCR) systems (Midiplex and Miniplex) were developed for the amplification of the mitochondrial DNA (mtDNA) control region, and the efficiencies of the multiplexes for amplifying degraded DNA were validated using old skeletal remains. The Midiplex system consisted of two multiplex PCRs to amplify six overlapping amplicons ranging in length from 227 to 267 bp. The Miniplex system consisted of three multiplex PCRs to amplify 10 overlapping short amplicons ranging in length from 142 to 185 bp. Most mtDNA control region sequences of several 60‐year‐old and 400–500‐year‐old skeletal remains were successfully obtained using both PCR systems and consistent with those previously obtained by monoplex amplification. The multiplex system consisting of smaller amplicons is effective for mtDNA sequence analyses of ancient and forensic degraded samples, saving time, cost, and the amount of DNA sample consumed during analysis.     

Spirituality and punitiveness: An exploration of Christian,Buddhist, and non-religious attitudes towards crime

Studies measuring religious views towards crime and punishment have mainly focused on Christianity and its denominations in a western setting. They have also used measures that are exclusive to the Christian faith. Other major religions have largely been ignored. This study attempts to rectify this by exploring the attitudes of Christians, Buddhists and those identifying themselves as non-religious towards crime. The results indicate some apparent contradictory findings as the more spiritual Buddhists are, the more they attribute crime to both individual and environmental causes as well as greater support for both coercive and social intervention measures. When compared to the Buddhists, Christians and the non-religious are more supportive of assistance towards the treatment of offenders in this study.     

Diversion from youth courts in five Asia Pacific jurisdictions: welfare or restorative solutions

Since the 1970s, there has been a trend to move away from punitive and retributive approaches to reintegrative practices. This article provides an account of how young offenders in five Asia Pacific jurisdictions are diverted from being prosecuted in the youth courts and of to where they are diverted. The five cases demonstrate that diversionary measures in the Australasian jurisdictions tend to be more restorative in their practices than are those in Chinese-dominated jurisdictions, which adopt welfare responses. It is concluded that although there is some progress in the areas of decarceration and delegalization, the diversion goals of decategorization and deprofessionalization in Chinese-dominated jurisdictions have yet to be achieved. Such diversionary strategies carry the risk that many more young people committing minor offences may be subject to more intrusive measures and disguised social control in the name of diversion, welfare, or the prevention of future offending.