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Unemployment is high when financial discounts are high. In recessions, the stock market falls and all types of investment fall, including employers' investment in job creation. The discount rate implicit in the stock market rises, and discounts for other claims on business income also rise. A higher discount implies a lower present value of the benefit of a new hire to an employer. According to the leading view of unemployment—the Diamond-Mortensen-Pissarides model—when the incentive for job creation falls, the labor market slackens and unemployment rises. Thus high discount rates imply high unemployment. (JEL E24, E32, E44, J23, J31, J63)

Shares her experience meeting Mohammed Yunus, "the friend of the poor," in Dhaka, Bangladesh, as she began her work as a goodwill ambassador for UNESCO. Although one of the poorest countries in the world, Bangladesh is providing an unprecedented transfer of assistance via Grameen Bank, in the form of microcredits (mostly to women), to other countries. It is asserted that this program could vanquish poverty from the world. The origins of the Grameen Bank are traced. The social change wrought by microcredit is linked to gender in developing countries. This antipoverty program also works to maintain & renew cultural heritage. The need for new markets is noted, & the need to provide market access to higher quality products made by the human hand is stressed, ie, high tech & "high touch" must exists side by side. J. Zendejas

Our free-market capitalist system is the world's greatest driver of prosperity, but it has a dark side. Under intense pressure to make the numbers, executives and employees face temptation to cut corners, fudge accounts, or worse. And in today's unforgiving environment, such lapses can be catastrophic. Fines and settlements have amounted to billions of dollars. Careers and companies have imploded. In High Performance with High Integrity, Ben Heineman argues that there is only one way for companies to avoid such failures: CEOs must create a culture of integrity through exemplary leadership, transparency, incentives, and processes, not just rules and penalties. Heineman, GE's chief legal officer and a member of both Jack Welch's and Jeff Immelt's senior management teams for nearly twenty years, reveals crucial "performance with integrity" principles and practices that you can begin applying immediately, and shows how you can drive performance by integrating integrity systems and processes deep into company operations. Such principles and practices also create affirmative benefits: inside the corporation, in the marketplace and in society. Concise and insightful, this book provides a much-needed corporate blueprint for doing well while doing good in the high-pressure global economy. From our new Memo to the CEO series--solutions-focused advice from today's leading practitioners

More and more scholarly attention is paid to dissecting discipline of communication research under the microscope thereby aiming at revealing foci of scientific interest. The lion's share of research has hereby focused either on the supply side of research examining what topics scholars write about or at the popularity side of research shedding light on what scientific publications receive the most citations. Building up on this, we argue that these research strands are inadequate to the task of exhaustively identifying foci of scientific interest. Tailoring for the fragmented topical landscape of communication research, we propose an integrative combination of three metrics: supply, popularity, and prestige of research topics. By means of topic modeling, citation counts and citation networks, our study showcases how our approach is able to reveal the intellectual architecture of our discipline in order to identify relevant paths for further scientific inquiry.