The politics of mortgage credit expansion in the small coordinated market economies

Abstract

Recent contributions to the comparative political economy literature claim that liberal market economies are vulnerable to asset booms and busts because of financial deregulation, shrinking welfare states and a political ideology emphasising financial self-sufficiency. This article examines the rapid expansion of mortgage lending in three coordinated market economies (CMEs): Denmark, Sweden and the Netherlands. This expansion is puzzling given that all three countries are CMEs with generous welfare states. Yet the pattern of mortgage lending resembles the Anglo-Saxon or liberal market economies (LMEs) more than other CMEs. The article argues that mortgage bubbles in the small CMEs emerged as the unintended outcome of pairing neoliberal programmes to expand home ownership with collectivist housing institutions. This resulted in supply restrictions and rising property values which saddled households with extraordinarily high mortgage debts. In short, mortgage credit bubbles are not unique to Anglo-liberal welfare states and may have different origins.     

THE CAUSES OF GIRLS’ DELINQUENCY AND THEIR PROGRAM IMPLICATIONS

This article summarizes some of the literature reviewed by the Girls Study Group, which is a federally funded project aimed at assessing the causes of girls’ delinquency as well as evaluating programs to address it. The literature reveals that a number of factors such as family dysfunction, involvement with antisocial peers, and living in disadvantaged neighborhoods are correlated with delinquency for both boys and girls. Some factors, however, are gender sensitive, meaning that either girls are more exposed to a given risk factor than boys or react somewhat differently to a given risk factor. Girls have higher rates of exposure to sexual assault, which is associated with delinquency and, although more research is needed, they are more affected by the impacts of early puberty, when it is coupled with harsh parenting and disadvantaged neighborhoods. This article discusses some implications of the research on correlates of delinquency for programming for girls and makes recommendations for program selection.     

Link to live webcast may constitute copyright infringement

Having found that a deep hyperlink on Davis' website to livestreaming of a motorcycle race owned by Live Nation constitutescopying, the court granted Live Nation's Motion for summaryjudgment in its copyright infringement claim and enjoined Davisfrom maintaining the link.     

Black Hats and White Hats: Authorisation of Copyright Infringement in Australia and the United States

This article explores the concept of authorisation in relationto the possible liability of manufacturers and suppliers oftechnology if, and when, their technology is used by purchasersor other users to infringe copyright. Cases over the last 30years brought by copyright owners or holders against the manufacturersand suppliers of technology which has the potential to infringecopyright are examined, as well as the differing copyright lawsin Australia and the United States relating to the authorisationof copyright infringement. The article concludes with a discussionon the current legal approaches to authorisation and on possiblefuture approaches.