Unemployment,marginalisation and survival in Greater East London

This article draws on selected findings of one of a series of surveys conducted by the authors in the Eastern Cape province, dealing broadly with labour market issues. Particular attention is accorded to levels of unemployment, the extent of migrancy, the operation of extended networks of support, and survival strategies. This is followed by a brief look at perceptions of crime, and the extent to which crime is seen as an effective survival mechanism by the most marginalised. It is concluded that economic reconstruction in the province should take account of certain prevailing realities, including the operation of extended networks of support and the relative lack of mobility of the most marginalised, the limited capacity of the informal sector to absorb further numbers of the structurally unemployed, and the relative propensity of the most marginalised to engage in crime as a survival strategy.     

Index

This paper provides empirical estimates of the stock market reaction to tender offers, both successful and unsuccessful. The impact of the tender offer on the returns to stockholders of both bidding and target firms is examined. The evidence indicates that for the twelve months prior to the tender offer stockholders of bidding firms earn significant positive abnormal returns. In the month of the offer, only successful bidders earn significant positive abnormal returns. Stockholders of both successful and unsuccessful targe firms earn large positive abnormal returns from tender offers, and most of these returns occur in the month of the offer. For all classes of firms, there is no significant post-offer market reaction. The market reaction to ‘clean-up’ tender offers is also estimated and target stockholders again earn significant positive abnormal returns.     

Portraits of youth: Understanding young people''s relationship with the future

Young people's relationship with the future is complex and contradictory. Some surveys and commentaries suggest most are optimistic, others that they are pessimistic. Some indicate they are adapted to the postmodern world of rapid change and uncertainty, others that they are anxious and apprehensive. Some of these differences can be readily explained; others require more thorough analysis. We need a better understanding of this relationship if we are to improve both young people's personal well-being and humanity's prospects. It may help if we distinguish between three different images—modern, postmodern and transformational.     

RECENT FINANCIAL AND ACCOUNTABILITY CHANGES IN GENERAL PRACTICE: AN UNHEALTHY INTRUSION INTO MEDICAL AUTONOMY?

Recently General Medical Practice has been inundated with a range of financial and accountability changes. These imposed changes have been welcomed with considerable resentment by General Practitioners (GPs hereafter). This paper explores some of the key historical and contextual reasons for this resentment. The conclusion is that it is traceable to firstly, the nature of these reforms, which are seen as irrelevant at best or, at worst, run counter to the values and concerns of GPs, and secondly, and related to this, to the perceived inappropriate intrusion into medical autonomy by a Government whose forbears were previously enabling such freedom.