Federal Reserve transparency: The more things change, the more they stay the same?

The calculus of electoral politics and the central bank’s bureaucratic objectives can explain the recent trend toward greater Federal Reserve transparency and can shed light on the likelihood that this trend will continue. If incumbent politicians see no electoral advantage in pressuring the Fed to become still more transparent, and if the Fed sees no benefit to greater transparancy, then further changes in current practice are unlikely. Private sector agents will continue to face a significant degree of uncertainty about the Fed’s policy objectives and about the information that policymakers consider in the monetary policy decision process.     

Reconstructing Insurance Law: The Law Commissions' Consultation Paper

In July 2007 the English and Scottish Law Commissions published the consultation paper Insurance Law – Non-disclosure and Breach of Warranty (hereafter LCCP) which sets out in detail the Commissions' provisional proposals for the reform of insurance contract law with particular reference to the key areas of utmost good faith, warranties and agency. This article analyses, from a critical standpoint, the LCCP's principal conclusions and recommendations. It begins by noting, as a means of demonstrating that the current reform process should be informed by modern industry practices, that the ways in which modern insurance contracts are concluded differ significantly from those when insurance law was last reviewed by the Law Commission in 1980. The article then discusses the dichotomy between consumer and business insurance given that this distinction underpins the LCCP and its approach towards reforming the pre-contractual duty of good faith. By way of backdrop to the analysis, we consider the approach taken towards reforming the law governing intermediaries acting for prospective assureds during the disclosure process. Finally, the proposed rules for warranties and similar terms are examined. It is argued that the proposal to retain continuing warranties in business insurance contracts will, if implemented, represent a missed opportunity to rid insurance contracts of terms long criticised as draconian and disproportionate in their effect.     

The Renewal of Social Democracy? The Rann Labor Government (2002–11)

Labour governments around the world are struggling to renew labour and social democratic values in the modern era. The South Australian Labor government, led by Mike Rann (2002–11), presents a striking case of a labour government that pursued a renewal of social democracy. By offering a critical examination of the ideological contours of the Rann Government, this paper contributes to wider debates about the flux of social democracy. In Australia, debates about Labor's identity tend to focus on the federal rather than state level, which this article seeks, in part, to redress. The Rann government's economic and social inclusion policies are examined and compared with its South Australian historical forebears, and the Rann government is located within the various labour “traditions”.     

Building NESTs to combat environmental crime networks

This article begins by providing a brief overview of environmental crime in the Asia and Pacific, highlighting its complexity, varying dimensions and transnational nature. It acknowledges the difficulties in responding to organised criminal groups that operate with flexible modus operandi to commit such crimes. The paper then discusses the importance of the National Environmental Security Taskforce approach, a model developed by INTERPOL to tackle environmental crimes. Collaboration and cooperation, within and between government and non-government organisations, are conceptualised as having a possibly positive ‘panopticon effect’ that has implications for responding to both organised criminal networks and state corruption in this domain.     

Executive Branch Socialization and Deference on the U.S. Supreme Court

Are Supreme Court justices with prior experience in the executive branch more likely to defer to the president in separation of powers cases? While previous research has suggested that such background may signal judicial policy preferences but does not shape them, I argue here that institutional socialization may indeed increase future judicial deference to the president. Using an original data set of executive power cases decided between 1942 and 2007, I model justice‐votes to test this hypothesis. I uncover three noteworthy findings: (1) a clear correlation between prior executive branch experience and support for the executive branch, (2) the degree of this support intensifies as executive branch tenure increases, a finding congruent with a socialization hypothesis, and (3) contrary to received wisdom, executive powers cases possess a clear ideological dimension, in line with the expectations of the attitudinal model.     

Quasi‐welfare,associationalism and the social division of citizenship

It is widely acknowledged that in many advanced capitalist societies, the role and structure of the welfare state has undergone substantial changes in recent decades. Arguments continue about the precise causes, and about the trajectory and impact of those changes. One particular strand in the debate has concerned the nature of the transformation of the welfare state in relation to the wider economy, and whether these changes reflect a ‘post‐Fordist’ welfare regime; while another important theme concerns the consequences of cultural and social differentiation, and the extent to which ‘postmodernism’ entails a fundamental dissolution of conventional assumptions about social policy. Radical reconstruction of the institutions, and questioning of the functions of welfare states, are resulting in more complex and heterogeneous patterns of social provision. At the same time, increased theoretical emphasis on, and popular demand for, choice, consumerism and diversity represent a significant challenge to, and perhaps the abandonment of, longstanding precepts about universalism in welfare. This article reviews some of the key themes in this debate, and supports arguments that predict that the universalist goals and principles of welfare are likely to be displaced by moves towards a ‘marketised’ system of quasi‐welfare in an atomised, anomic and fragmented society. The article addresses several issues: first, it briefly discusses some of the main implications of recent theorising about post‐Fordism and postmodernism; secondly it considers the emergence and consequences of’ quasi‐markets’ in social policy; and finally it challenges the claim that the revival of ‘associationalism in civil society offers a remedy for some of the principal (alleged) defects of the welfare state.