Based on a pioneering research programme on the evolution of top incomes, this volume brings together studies from 10 OECD countries. This rapidly growing field of economic research investigates the top segment of the income distribution by using data from income tax records over the past century. As well as describing the source data and methods employed, the authors also discuss the dramatic changes that have occurred at the top of the income scale throughout the 20th century. This fascinating study is the first of its kind to provide a comprehensive historic overview of top income distribution over the last century. It looks at why top incomes shares fell markedly in the first half of the 20th century and why, more recently, there has been a striking difference in the top income distribution between continental Europe and English-speaking OECD countries, like the UK, USA, and Australia. Written by the top names in the field, this seminal work provides rich pickings for those with an interest in inequality, development, the economic impact of war, taxation, economic history, and executive compensation.
It is now a well-know fact that mergers and acquisitions activity comes in waves. The most recent wave, the 5th takeover wave of the 1990s, was characterized by an unprecedented number of corporate restructurings in terms of mergers and acquisitions (M&As), public-to-private transactions, spin-offs and divestitures, and leveraged recapitalizations. Following the collapse of the stock market in March 2000, M&A activity slumped dramatically, but this pause ended in the second half of 2004 when takeover deals occurred again quite frequently. Indeed, some observers wonder whether the 6th takeover wave has started. The takeover wave in the 1990s was particularly remarkable in terms of size and geographical dispersion. For the first time, Continental European firms were as eager to participate as their US and UK counterparts, and M&A activity in Europe hit levels similar to those experienced in the US. Due to its financial impact and the unprecedented activity in Continental Europe, the 5th takeover wave of the 1990s and recent takeover activity (in biotech, utilities, pharmaceuticals) have triggered a great deal of interesting academic research. This volume brings together a selection of insightful papers. An impressive group of international authors address the following themes: takeover regulation; the cyclical pattern of the M&A markets and probable causes and effects; methods to determine the performance of success of M&A actions; cross border deals; means of payment and its effects; studies of hostile bids; high leverage takeovers and delistings.*A selection of the best and latest quantitative research on M&A activity worldwide*Impressive collection of international authors*Provides important insights and implications for practitioners
This is a history of trade unions in the New Zealand printing industry. It begins in the early 1860's when the first unions of typographical workers were formed in Dunedin and Wellington.
face. As myoid boss when I joined the discout market - who had worked as a "bond-salesman" on Wall Street during the "Great Crash" of 1929, through the Credit Anstalt crash, and served in British military intelligence during the Second World War - always used to say: "Remember! The telephone is not a secure instrument. " During the 1960s, foreign banks had flooded into London in pursuit of Eurodollar deposits. Arabs were spending their new found oil wealth in West End casinos. Ex change Control regulations were tight. In 1971, when our story begins, new "banks" on the fringe took advantage of the property boom, fuelled by Tory Chancellor Barber's first Budget. The discount houses (whose functions and special privileges at the Bank were soon arcane) became active traders in US dollar and foreign currency paper, and took stakes in the new money brokers (or "barrow boys," as the snobs called them, since the sharpest brokers were mainly Cockney Eastenders). While the "gentleman's club" was quickly being replaced by the fast growing "interbank swaps" market (now LIFFE), the discount houses had found a new role to pla- opening representative offices overseas (Gillett Brothers, where I was then chairman, in Southern Africa, UAE, Australia and Singapore, with brokering subsidiaries in Europe, Far East, and North America) - gathering market intelligence around the world, as the invisible "eyes and ears" of the Bank of England.
Dundee had an interesting role to play in the jute trade, but the main player in the story of jute was Calcutta. This book follows the relationship of jute to empire, and discusses the rivalry between the Scottish and Indian cities from the 1840s to the 1950s and reveals the architecture of jute's place in the British Empire. The book adopts significant fresh approaches to imperial history, and explores the economic and cultural landscapes of the British Empire. Jute had been grown, spun and woven in Bengal for centuries before it made its appearance as a factory-manufactured product in world markets in the late 1830s. The book discusses the profits made in Calcutta during the rise of jute between the 1880s and 1920s; the profits reached extraordinary levels during and after World War I. The Calcutta jute industry entered a crisis period even before it was pummelled by the depression of the 1930s. The looming crisis stemmed from the potential of the Calcutta mills to outproduce world demand many times over. The St Andrew's Day rituals in Calcutta, begun three years before the founding of the Indian Jute Mills Association. The ceremonial occasion helps the reader to understand what the jute wallahs meant when they said they were in Calcutta for 'the greater glory of Scotland'. The book sheds some light on the contentious issues surrounding the problematic, if ever-intriguing, phenomenon of British Empire. The jute wallahs were inextricably bound up in the cultural self-images generated by British imperial ideology.
This book brings together the research on the effects of disruptive activity in a regulated industry, taking as its illustrative industry that of primarily mobile telecommunications. It provides case studies of both individual countries and international operators.
Drawing upon social history, political history, and critical prison studies, this book analyzes how prisons and other instruments of colonial punishment endured after independence and challenges their continued existence. In Carceral Afterlives, Katherine Bruce-Lockhart traces the politics, practices, and lived experiences of incarceration in postcolonial Uganda, focusing on the period between independence in 1962 and the beginning of Yoweri Museveni’s presidency in 1986. During these decades, Ugandans experienced multiple changes of government, widespread state violence, and war, all of which affected the government’s approach to punishment. Bruce-Lockhart analyzes the relationship between the prison system and other sites of confinement—including informal detention spaces known as “safe houses” and wartime camps—and considers other forms of punishment, such as public executions and “disappearance” by state paramilitary organizations. Through archival and personal collections, interviews with Ugandans who lived through these decades, and a range of media sources and memoirs, Bruce-Lockhart examines how carceral systems were imagined and experienced by Ugandans held within, working for, or impacted by them. She shows how Uganda’s postcolonial leaders, especially Milton Obote and Idi Amin, attempted to harness the symbolic, material, and coercive power of prisons in the pursuit of a range of political agendas. She also examines the day-to-day realities of penal spaces and public perceptions of punishment by tracing the experiences of Ugandans who were incarcerated, their family members and friends, prison officers, and other government employees. Furthermore, she shows how the carceral arena was an important site of dissent, examining how those inside and outside of prisons and other spaces of captivity challenged the state’s violent punitive tactics. Using Uganda as a case study, Carceral Afterlives emphasizes how prisons and the wider use of confinement—both as a punishment and as a vehicle for other modes of punishment—remain central to state power in the Global South and North. While scholars have closely analyzed the prison’s expansion through colonial rule and the rise of mass incarceration in the United States, they have largely taken for granted its postcolonial persistence. In contrast, Bruce-Lockhart demonstrates how the prison’s transition from a colonial to a postcolonial institution explains its ubiquity and reveals ways to critique and challenge its ongoing existence. The book thus explores broader questions about the unfinished work of decolonization, the relationship between incarceration and struggles for freedom, and the prison’s enduring yet increasingly contested place in our global institutional landscape.
