Social Forums,Social Movements and Social Change: A Response to Peter Marcuse on the Subject of the World Social Forum

This response to Peter Marcuse situates his reading of the World Social Forum in the larger ‘space versus movement’ debate that has been raging among the WSF’s organizers. The author argues that this debate signals: (1) a power struggle over its future; (2) profound disagreement over the character of its power, which is itself based in conflicting understandings and visions of power and change in the contemporary period more generally; (3) at the heart of this last conflict is a yet more basic one about the status of multiplicity and diversity — in understanding power(s), in building resistance(s), in creating alternatives, in crafting solidarities, in imagining other possible worlds as les raisons d’être of the Social Forum. Drawing on the historical experience of feminism, the author proposes an alternative reading of the meaning of the Social Forum grounded in more multivalent understandings of power, movements and change, and argues that, in the evolving practice of the World Social Forum, a new democratic imaginary — post‐liberal and post‐Marxist — is taking shape and, with it, other possible futures are coming into view. Cette réponse à Peter Marcuse replace son explication du Forum social mondial dans le débat plus vaste ‘espace et mouvement’ qui a enflammé les organisateurs du FSM. En effet, ce débat met en évidence plusieurs aspects: une lutte de pouvoir pour son avenir; un désaccord profond quant à la nature de son pouvoir, s’appuyant lui‐même sur des appréhensions et visions contradictoires du pouvoir et du changement dans la période contemporaine, de manière générale; au c?ur de cette opposition, en existe une autre encore plus fondamentale sur la situation de multiplicité et de diversité, pour comprendre le ou les pouvoirs, élaborer une ou plusieurs résistances, créer des alternatives, tisser des solidarités, imaginer d’autres possibilités de monde comme les raisons d’être du Forum social. S’inspirant de l’expérience historique du féminisme, l’article propose une autre lecture du Forum social, fondée sur des compréhensions plus polyvalentes du pouvoir, des mouvements et du changement; de plus, il affirme que, dans le cadre de l’exercice évolutif du Forum social mondial, prend forme un nouvel imaginaire démocratique — post‐libéral et post‐marxiste — et, qu’avec lui, se dessinent d’autres possibilités d’avenir.     

The influence of various factors on the main meal format served in New Zealand households

The traditional main meal served in New Zealand households has been based on that of the British, i.e. a meat-based main course that includes potatoes and other vegetables followed by a dessert. In recent years consumption figures for meat suggest that New Zealanders are making changes in their diets. This study investigates whether this change has involved a change for New Zealanders in the format of their meal. It also examines the factors that influence meal choices. It was found that cultural traditions are strongly associated with meal format and that the meal format varies most for those who hold strong ecological beliefs. This finding suggests that nutrition educators attempting to bring about changes in a population's diet should institute changes within accepted meal formats.     

The Choice of Call Provision Terms: Evidence of the Existence of Agency Costs of Debt

An examination of the provisions of bond issues reveals that most bonds prohibit firms from calling the issue during the initial years, after which time the bond can be called at the option of the firm. A substantial number of firms, however, also reserve the right to call the issue during this initial period for purposes other than refinancing at a lower coupon rate. The additional flexibility which accompanies the option of early redemption can be used to reduce the agency costs of debt associated with future investment opportunities, informational asymmetry, and the risk incentive problem. Using a sample of newly issued bonds, statistical tests are performed to show that there are, in fact, differences between firms which do and do not reserve the right of early redemption. This paper shows that these differences provide empirical evidence which is consistent with the hypothesis that firms use the option of early redemption to reduce agency costs.     

Determinants of Perceived Health and Safety Risks of Selected Hazardous Products and Activities

Based on an empirical analysis, this paper presents models of the determinants of consumers' perceptions of health and safety risks of eight frequently used products. Using eight variables that have been postulated by researchers to be determinants of perceived risk, multiple linear regression models were developed for each product. These models indicate that different products have different determinants of perceived risk.     

Risk-Benefit Analysis and the Determination of Acceptable Risk

This paper investigates the role of risk-benefit analysis in assessing the risk associated with a variety of consumption activities. The issue of prevailing risk is of particular importance to public policy makers who must decide what level of risk requires intervention. Risk-benefit analysis may be used in three major ways: 1) determination of the level of risk to which consumers are exposed, 2) ranking of consumption activities with respect to risk, and 3) determination of consumption activities which should be addressed by risk reduction strategies. The results of the study indicate that considerable variations exist with respect to the risk levels associated with various consumption activities. The study results also suggest that there may be a need for further government intervention in some high risk areas.     

Professional Judgment and Departures from GAAP: “Judgment in Jeopardy” Revisited*/ JUGEMENT PROFESSIONNEL ET DÉROGATION AUX PCGR: LA PIERRE ANGULAIRE REVISITÉE

Prior to 2003, the CICA Handbook both required and allowed reporting entities to depart from generally accepted accounting principles if, in the professional judgment of the preparers and the auditors, compliance with GAAP would result in misleading financial statements. In 2003, the CICA Handbook was amended to remove these provisions. In this paper, the history of the amendment is discussed in light of Skinner's 1995 article “Judg‐ment in Jeopardy". I argue that while there is evidence of certain shortcomings in the exercise of professional judgment, remedies are available. Those remedies include (1) revisiting pre‐existing recommendations; (2) improving dialogue between standard‐setters, researchers, and practitioners; (3) increasing emphasis on accounting theory in professional accounting curricula; and (4) rigorously investigating and disciplining lapses in professional judgment. I suggest that we can rely on professional judgment, and that such reliance is both necessary and desirable. Admittedly, there will likely be few situations where compliance with GAAP would result in misleading financial statements and the discretion to depart from GAAP can lead to abuses that, at the very least, would hamper the comparability of financial statement information. However, the requirement to verify that the application of GAAP results in fair presentation is an important safeguard given the complexity of the financial reporting environment.