... atypical ofthe country as a whole Moreover, they will also be wrong if they not allow thecostof an outpatient visit to change as coverage increases Because most ofthe studies ofthe costs of scaling ... see Table Figure plots the predicted values from the model against the unit cost data andthe level of GDP per capita The two lines represent the predicted values ofthecost per visit (in natural ... difference of between $5 and $30 in the estimated costs of an outpatient visit The estimated costs of scaling up interventions could, therefore, be substantially different depending on the level of capacity...
... by the USDA When these other products and their selling prices are figured into the analysis, thecostof fuel ethanol will decrease, just as thecostof gasoline is lowered by the sale of other ... items and their cost included in the utility cost section ofthe operating costs The steam cost was based on the capital and operating costs of a gas-fired boiler, which includes natural gas cost ... as for thecostofthe boiler fuel Research to better understand the pretreatment process is aimed at reducing the reactor costand eliminating the need for conditioning the hydrolyzate The feedstock...
... shows that thecostof capital ofthe firm depends on four factors: the risk free rate, the aggregate risk tolerance ofthe market, the expected cash flow ofthe firm, andthe covariance ofthe firm’s ... increases the variance and covariances, which increases thecostof capital The equilibrium is then the net of these two effects In our example, the overall effect decreases thecostof capital.22 ... proportionately Therefore, there was no affect on the beta coefficient of returns, which is the ratio ofthe covariance ofthe firm’s return to the market divided by the variance ofthe market return,...
... extracts another shimmering high C from the gristle of his vocal chords, we don’t necessarily think of either of these men as being intelligent They might be, but we assume these talents to be peripheral ... bodily kinesthetic intelligence in the case of Jordan and musical intelligence in that ofthe big tenor Gardner doesn’t limit smarts to the traditional realms of logical reasoning andthe ability ... numbers, and symbols • see only parts ofthe whole idea, which guide them in their logical, step-by-step gathering of information • express themselves with concise words, numerical and written...
... the value of time that a member ofthe household or volunteer caregiver spent taking care ofthe PLHIV; cost incurred in transport to and from the place of care giving andcostofthe caregiver ... their opinions on the services they rendered to the clients andthe average time they spent in providing each service per week, the various costs they incurred, andthe burdens they experienced ... transferred from the hospital to the home setting, and as the burden of caring for the client falls increasingly on families and volunteer caregivers An estimation ofthecostof care giving is...
... by the U.S Savings & Loan crisis, the collapse of Japan Inc after the stock market crash of 1990, the Asian crisis ofthe mid-1990s, the fabulous technology boom/bust cycle at the turn ofthe ... to keep • 15 • 16 • THECOSTOF CAPITALISM inflation at bay, had vanquished the brutal boom and bust cycles that gripped the U.S economy in the 1960s and 1970s Andthe payoff was significant From ... boom and bust cycles And as a consequence they led their creators to assert, incorrectly, that there was no theoretical justification for the visible hand of government to come to the rescue of...
... accumulate The 2008 recession andthe 74 • THECOSTOF CAPITALISM violent retrenchment in the world of finance can be laid at the doorstep of these three grand miscalculations Nonetheless, it ... Still the Superior Strategy • 69 Thus, extrapolating markets predispose the economy to excessive uses of risk and concentration of investment Andthe interplay of these two flaws explains each ofthe ... counts but the competition from the new commodity, the new technology, the new source of supply which commands a decisive cost or quality advantage and which strikes not at the margins ofthe profits...
... At the peak, it was estimated that the land around the emperor’s palace in Tokyo was equal to the value 96 • THECOSTOF CAPITALISM of all the land in the state of California! The shares of Japanese ... bubble!” I looked at the others; they looked down at their shoes And for the remainder ofthe two hours the group exchanged pleasantries In the end the group decided that the big risk going forward, ... Street andthe banks, not wages and prices, were the central drivers in the new business cycle To the ultimate detriment ofthe overall economy, that insight remained elusive over the entirety of the...
... unabashedly kick the football through the uprights and join the crowd of believers And I hem, Doc, and I haw And, I twist and turn But the crowd grows more restless, and her gaze is enticing, and I want ... for home prices Andthe long-standing Greenspan refusal to react to asset prices kept money easy and inflated the game, worsening both the bubble andthe bust • 123 • 124 • THECOSTOF CAPITALISM ... gripped the United States and then became a world recession The dynamics that precipitated the U.S recession, the global capital markets crisis, andthe worldwide downturn, are the subject of the...
... buyer and a writer ofthe insurance If things go as planned, the buyer pays the insurer the premium If things go awry, the insurer pays the buyer Either way, one ofthe two parties gets the money ... with the stock price valued at next to nothing, seemed to be the clear fate it faced But the Treasury andthe Fed, I was convinced, 154 • THECOSTOF CAPITALISM recognized the severity ofthe ... And as such, mainstream economic theory, and its architects, must accept some ofthe blame for the upheaval that came to a climax in autumn 2008 • 161 • 162 • THECOSTOF CAPITALISM Fans of the...
... on the Eve ofthe Crisis • 175 • They train their sights on the real economy and inflation, giving Wall Street sideshow status The Taylor rule best captures their efforts The equation directs the ... moment is the difference between the value of its assets andthe value of its liabilities In Japan in the 1990s many bank assets fell in value by 80 percent In 182 • THECOSTOF CAPITALISM the United ... brain skills Looking through the details ofthe question to get to an overarching sense ofthe issue is at the heart of right brain thinking Out ofthe Mouths of Babes The best right brain thinking...
... capital markets andthe strong growth that they financed gave rise to the long string of successes that were celebrated throughout the 1990s and into the middle years ofthe first decade ofthe new millennium ... part ofthe mainstream formulation The simple truth is that theorists owe this to the policy-making world The sooner they deliver it, the better Global Policy Risks in the Aftermath ofthe 2008 ... the basic responsibilities of central bankers A worldwide commitment to keeping inflation low emerged in the aftermath ofthe Great Inflation ofthe 1970s Central bankers, in the aftermath of the...
... office for all members ofthe Board of Directors expires on the day ofthe 2002 General Meeting of Shareholders The Area Managers andthe CEO of “Holderbank” Management and Consulting Ltd (HMC) ... advantageous cost structure s and optimal customer service, they performed well in their markets The outstanding re sults of our subsidiarie s in Mexico and Costa Rica andthe first-time consolidation of ... for pilots and passengers for landing and take-off HUNGARY At the junction of eastern, southern and western Europe, the Budapest hub is becoming increasingly important Construction ofthe Ferihegy...
... protein Because the misfolded LacZ proteins are both potentially toxic and also devoid of biological function, the comparison ofthe growth rates of bacteria carrying the WT and each ofthe destabilized ... determined as the regression line slope of time andthe logarithm of OD600 SDS-PAGE and western blotting The equivalent of 200 μl of cells at an OD600 of 0.7 was collected by centrifugation and lysed ... synthesis rate of b-galactosidase P-values were obtained using a t-test ofthe linear regression slopes based on quantification ofthe gel images Error bars represent the standard error of the...
... participated in the design ofthe study andthe analytical plan DEF participated in the design ofthe study, the analytical plan, the interpretation ofthe results, and assisted in drafting the manuscript ... study of schizophrenia, this study provides new and useful information about thecostof relapse and its cost components in the United States, the predictors of relapse, andthe important role of ... costing data of US-SCAP XP performed the expanded statistical analyses, participated in the design ofthe study, the analytical plan, andthe interpretation ofthe results RRC assisted with the...
... infusion The study by Krejci and colleagues therefore raises the question of whether AVP compares favorably with catecholamines In a complementary investigation the same group compared the regional ... Krejci and colleagues confirm that the unrestricted use of even ‘low-dose’ AVP may result in ‘overconstriction’, in particular in the hepato-splanchnic region andthe kidney Furthermore, the authors’ ... activation ofthe inducible isoform of nitric oxide synthase) probably did not assume major importance Finally, as the authors themselves acknowledge, although labelled ‘low dose’, the infusion...
... on thecostof debt: results indicate that the higher the level of ERM in a firm, the higher thecostof debt Because their hypothesis about thecostof debt is unsupported, they call for further ... costof capital depending on the riskiness of its cash flows, they may reward the implementation of ERM with a lower costof capital A lower costof capital would increase the profitability of ... the relation between ERM andthecostof debt 16 CORPORATE ERM ANDTHECOSTOF DEBT FLORENT ROSTAING 2009 Hypothesis development Following thecostof capital approach developed by Sharfman and...
... in the other, which would alter the relative prices of shars until the WACCs become equal The level of gearing is therefore irrelevant to the WACC andthe value ofthe firm 19 TheTheCostCost ... onthe the wealth wealthof ofshareholders shareholders 15 TheTheCostCostofof Capital Capital A A firm firm will will invest invest only only ifif thethe expected expected rate rate ofof ... difference difference between between thethe present present value value ofof aa future future cash cash flow flow andandthethe initial initial costcostofofthethe investment investment project;...
... the food stocks, andthe mood ofthe garrison The tactics ofthe Daily Mail captured the attention ofthe nation; the newspaper dramatized the situation ofthe town by emphasizing the danger that ... examine both the role ofthe press in the formation of public opinion about imperialism andthe role ofthe press in the formation ofthe concept of public opinion itself Mafeking Night marks the powerful ... powerful beginning ofthe New Journalism at the same time as it marks the beginning ofthe end ofthe New Imperialism The coincidence of these occasions arises from the nature ofthe South African...