White Privilege in Experiential Education: A Critical Reflection

Through narrative and critique, this critical analysis addresses the role and reification of privilege in the pedagogical processes of experiential education. Using whiteness as a critical and theoretical lens, we argue experiential education is a privileged pedagogy, aimed at maintaining the status quo and reproducing dominant power relations between racialized social groups. Participants, instructors, spaces, and activities often reflect the embedded whiteness of experiential education. We critically examine the use of challenge in experiential education and offer a language of possibility for future trajectories for experiential education which facilitates more just and equitable teaching and learning processes.     

Conceptual and theoretical implications of tourism between partitioned states

Recent history regarding the partition or separation of single states is not new. The ramifications caused by these divisions are numerous. All too often, the problems associated with crossing the “new” border, visiting family and friends separated by the newly imposed border, or trying to establish or re‐establish business ties with past acquaintances are overlooked. Once a country is partitioned, there are several levels or stages which the newly partitioned states go through in a “maturing'’ process to build new identities and levels of trust. At the macro level, there are social, economic, and political differences which must be resolved before open dialogues can occur. Often, by allowing family members, in the two or more partitioned states, to visit each other, the governments begin a long process of reconciliation. The fact that travel and tourism is one of the fundamental aspects of this process is significant.     

Ethnic and Other Minority Representation in UK Academic Economics

Using a survey questionnaire of academic economists in the United Kingdom, we examine the representation of ethnic and other minorities. We find that nearly 12% of UK-employed academic economists are of ethnic minority origin. However, only 1% of the sample are UK-born ethnic minority. Controlling for individual and workplace characteristics, there is no significant ethnic minority effect on academic rank. However, there is a significant negative earnings effect. Further, 41% of ethnic minority economists feel that they have suffered workplace discrimination.     

Valuing remnant vegetation in Central Queensland using choice modelling

In the Desert Uplands region of Central Queensland, many pastoralists are clearing vegetation in order to improve cattle grazing production. A choice modelling study was undertaken to provide estimates of the benefits of retaining remnant vegetation that are appropriate for inclusion in a cost benefit analysis of tighter clearing restrictions. Attributes included in the choice model were reductions in the population size of non-threatened species, the number of endangered species lost to the region, and changes in regional income and employment. A nested logit model was used to model the data in order to avoid violations of the independence of irrelevant alternatives condition. The estimated benefits are reported for several tree clearing policy regimes that are more stringent than those currently applied.     

Definitely not Monkeys or Parrots,Probably Deer and Possibly Moose: Opportunities and Realities of Ecotourism in Northern Ontario

Ecotourism has become a well-established form of tourism offered in a wide range of places. This paper explores, through a case study of Northern Ontario, Canada, the potential for ecotourism within what may be labelled a ‘tertiary’ destination area. The myth (image) of Northern Ontario is found to be markedly different from reality, which has implications for the type of ecotourism the region can offer. It will not be as exotic as in many of the venues around the world but it will have a specific Canadian identity and image markedly different from other areas simply because the environment itself is different. Emphasis is placed on the inherent natural appeal the region offers, comprising trails, attractions, accommodation and service providers. At present this infrastructure is minimal. With respect to trails there is an urgent need to develop a more extensive system and network to improve access, aswell as open up the region to a range of ecotourist types. The paper concludes by suggesting that while ‘tertiary’ places will not be challenging for a vast sector of the ecotourism market, they can play an important role in offering new and different destinations, with sufficient challenges for the more specialised and primary purpose ecotourist.     

Coming to Terms with London: Middle‐class Communities in a Global City

In this article we contrast the experience of middle‐class life in two areas of South London. We hypothesize that different sections of the middle class will live in different areas. Whilst these differences partly reflect economic capabilities and occupational divisions (such as public versus private employment sector, professionals versus managers), we suggest these divisions are becoming more complex. We develop a threefold model based on the work of Savage et al. (1992) and hypothesize that each group will tend to live in different and distinct areas of the city. In our comparison of two areas in which we have completed fieldwork (Telegraph Hill and Brixton), we are able to show very different accommodations to metropolitan life which provides initial support for our hypothesis. We characterize middle‐class life in Brixton as being essentially unstable, which is largely compensated for by the frisson of living in a cosmopolitan and mixed area. Telegraph Hill is a more stable area, with residents building a long‐term relationship with the area and forming substantial social networks with other residents; it, however, lacks the cultural infrastructure of Brixton. We argue that ‘circuits of education’ are of prime importance for middle‐class families living in London: in comparison to Brixton, our respondents in Telegraph Hill have developed sophisticated educational strategies which have enabled them to come to terms with living in London. Cet article compare la vie des classes moyennes dans deux quartiers du sud de Londres. Par hypothèse, il considère qu'au sein de ces classes, des catégories différentes vivront dans des quartiers différents. Si ces divergences traduisent en partie des capacités financières et des disparités professionnelles (ex.: entre secteur public et secteur privé, professions libérales et cadres), elles se font aussi plus complexes. L'article présente un modèle en trois parties basé sur le travail de Savage et al. (1992), en présumant que chaque groupe aura tendance à vivre dans un quartier spécifique de la ville. En opposant deux zones où le travail sur le terrain est terminé (Telegraph Hill et Brixton), il est possible de montrer des adaptations très variées à la vie métropolitaine, celles‐ci offrant une première contribution à l'hypothèse de l'étude. La vie des classes moyennes à Brixton peut se définir comme étant essentiellement instable, caractéristique largement compensée par le frisson d'une existence dans un quartier hétéroclite et cosmopolite. Telegraph Hill est une zone plus stable, les résidents établissant un lien durable avec le quartier et constituant entre eux de solides réseaux sociaux; il lui manque toutefois l'infrastructure culturelle de Brixton. L'article expose que les ‘circuits éducatifs’ sont primordiaux pour les familles des classes moyennes vivant à Londres: par comparaison à Brixton, les résidents de Telegraph Hill ont mis au point des stratégies d'éducation élaborées qui leur ont permis de s'accommoder de la vie londonienne.     

美国经济的疗伤样板

不久前，美国总统奥巴马签署了名为〈〈Hiring IncentivestoRestoreEmploymentAct（HIRE）》的就业促进法。法案规定：如果雇主聘用以前失业的员工，那将免除6．2％的社保税。如果这些员工领薪超过1年，企业还将获得额外税收抵扣。     

Motives and consequences of IPOs in cold periods

We analyze the motives and long-term stock price performance of firms that pursue IPOs in cold IPO periods. We find that firms are more likely to engage in an IPO during a cold period when their earnings are relatively high and are expected to decline in the future. We also find that IPO firms during a cold period are more likely to have managed their earnings prior to the IPO. Furthermore, we find that cold IPO firms experience significantly weaker stock price performance than hot IPO firms, and results are robust to different criteria for defining hot and cold IPO periods, different measures of stock price performance, and different investment holding periods. We find that investment opportunities, the backing of a venture capitalist, and an increase in earnings in the year of the IPO lead to significantly higher long term stock price performance of IPO firms. Our multivariate models confirm the adverse cold IPO period effect on stock price performance even after controlling for the IPO motives and the firm's earnings performance. Our results also hold within the post-Sarbanes-Oxley (SOX) era.     

Future Nonaudit Service Fees and Audit Quality

Prior to the Sarbanes–Oxley Act of 2002, audit partners experienced economic pressure to grow revenue from the sale of nonaudit services to their audit clients. To an auditor who is highly rewarded for revenue generation and growth, nonaudit services may represent a particularly strengthened economic bond with the client. Prior research shows that, in general, nonaudit service fees received in the current period do not impair audit quality. We examine a different setting. We propose that auditor independence can become impaired, and audit quality compromised, when clients that currently purchase relatively low amounts of nonaudit services, increase their purchases of nonaudit services from the auditor in the subsequent period. We test our prediction in the context of earnings management as a proxy for audit quality, measured by (a) performance‐adjusted discretionary accruals and (b) classification shifting of core expenses. Our results indicate that prior to the Sarbanes‐Oxley Act, rewards to the auditor in the form of future additional nonaudit service fees from current‐year high fee‐growth‐opportunity clients adversely affects audit quality. This effect is particularly strong among companies with powerful incentives to manage earnings. Our findings indicate that regulators should consider the multiperiod nature of the client–auditor relationship when contemplating policies that restrict nonaudit services, as well as the overall environment in which audit partners operate. This might include partner compensation arrangements that put pressure on audit partners to focus on increasing revenue at the expense of audit quality.