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The Labor Agreements Between UAW and the Big Three Automakers- Good Economics Or Bad Economics? John J
Journal of Business & Economics Research – January, 2009 Volume 7, Number 1 The Labor Agreements Between UAW And The Big Three Automakers- Good Economics Or Bad Economics? John J. Lucas, Purdue University Calumet, USA Jonathan M. Furdek, Purdue University Calumet, USA ABSTRACT On October 10, 2007, the UAW membership ratified a landmark, 456-page labor agreement with General Motors. Following pattern bargaining, the UAW also reached agreement with Chrysler LLC and then Ford Motor Company. This paper will examine the major provisions of these groundbreaking labor agreements, including the creation of the Voluntary Employee Beneficiary Association (VEBA), the establishment of a two tier wage structure for newly hired workers, the job security provisions, the new wage package for hourly workers, and the shift to defined contribution plans for new hires. The paper will also provide an economic analysis of these labor agreements to consider both if the “Big Three” automakers can remain competitive in the global market and what will be their impact on the UAW and its membership. Keywords: UAW, 2007 Negotiations, Labor Contracts BACKGROUND he 2007 labor negotiations among the Big Three automakers (General Motors, Chrysler LLC, and Ford Motor) and the United Autoworkers (UAW) proved to be historic, as well as controversial as they sought mutually to agree upon labor contracts that would “usher in a new era for the auto Tindustry.” Both parties realized the significance of attaining these groundbreaking labor agreements, in order for the American auto industry to survive and compete successfully in the global economy. For the UAW, with its declining membership of approximately 520,000, that once topped 1.5 million members, a commitment from the Big Three automakers for product investments to protect jobs and a new health care trust fund were major goals. -
Theory of the Beautiful Game: the Unification of European Football
Scottish Journal of Political Economy, Vol. 54, No. 3, July 2007 r 2007 The Author Journal compilation r 2007 Scottish Economic Society. Published by Blackwell Publishing Ltd, 9600 Garsington Road, Oxford, OX4 2DQ, UK and 350 Main St, Malden, MA, 02148, USA THEORY OF THE BEAUTIFUL GAME: THE UNIFICATION OF EUROPEAN FOOTBALL John Vroomann Abstract European football is in a spiral of intra-league and inter-league polarization of talent and wealth. The invariance proposition is revisited with adaptations for win- maximizing sportsman owners facing an uncertain Champions League prize. Sportsman and champion effects have driven European football clubs to the edge of insolvency and polarized competition throughout Europe. Revenue revolutions and financial crises of the Big Five leagues are examined and estimates of competitive balance are compared. The European Super League completes the open-market solution after Bosman. A 30-team Super League is proposed based on the National Football League. In football everything is complicated by the presence of the opposite team. FSartre I Introduction The beauty of the world’s game of football lies in the dynamic balance of symbiotic competition. Since the English Premier League (EPL) broke away from the Football League in 1992, the EPL has effectively lost its competitive balance. The rebellion of the EPL coincided with a deeper media revolution as digital and pay-per-view technologies were delivered by satellite platform into the commercial television vacuum created by public television monopolies throughout Europe. EPL broadcast revenues have exploded 40-fold from h22 million in 1992 to h862 million in 2005 (33% CAGR). -
Registration, Inspection, and Financial Responsibility Requirements
THE BIG THREE - REGISTRATION, INSPECTION, AND FINANCIAL RESPONSIBILITY REQUIREMENTS THE BIG THREE – REGISTRATION, INSPECTION, AND FINANCIAL RESPONSIBILITY REQUIREMENTS Registration Inspection Financial Responsibility Transportation Code §502.002—Motor vehicles must be Transportation Code §548.051—Those motor vehicles Transportation Code §601.051—Cannot operate a registered within 30 days after purchasing a vehicle or registered in this state must be inspected (list of vehicles motor vehicle unless financial responsibility is General Rule becoming a Texas resident. not required to be inspected found at Transportation established for that vehicle (motor vehicle defined Code §548.052). in §601.002(5)). Transportation Code §502.006(a)—Cannot be registered for Not required. Required if all-terrain vehicle is designed for use on operation on a public highway EXCEPT state, county, or a highway. “All-Terrain municipality may register all-terrain vehicle for operation Vehicles” on any public beach or highway to maintain public safety Not required if all-terrain vehicle is not designed and welfare. for use on a highway (see definition of motor vehicle in Transportation Code §601.002(5)). Transportation Code §504.501—Special registration Not required; must instead pass initial safety inspection Required. “Custom Vehicle” procedures for custom vehicles. at time of registration. Transportation Code §502.0075—Not required to be Not required. Not required—not a motor vehicle under “Electric Bicycles” registered. Transportation Code §541.201(11). “Electric Personal Transportation Code §502.2862—Not required to be Not required. Not required—not a motor vehicle under Assistive Mobility Device” registered. Transportation Code §601.002(5) or §541.201(11). Transportation Code §551.402—Cannot be registered for Not required; must display a slow-moving-vehicle No financial responsibility for golf carts operated “Golf Carts” operation on a public highway. -
The Rise Andfall Ofa Proper Negro
the Rise andFall ofa Proper Negro an autobiography by Leslie Alexander Lacy PUBLISHED BY POCKET BOOKS NEW YORK Grateful acknowledgment is made for permission to reprint the following: lines from "New York," "You Held the Black Face," and "Be Not Amazed," by L6opold Senghor, from Modern Poetry - from Africa, edited by Gerald Moore and Ulli Beier, Penguin Books, . Inc., Baltimore, copyright © 1963 by Gerald Moore and Ulli Beier; lines from "The Black Glassmaker," by Jean-Joseph Rab6arivelo, originally in 1'Anthologie de la nouvelle poesie nPgre et malgache, Presses Universitaires de France, Paris (translation from Modern Poetry from Africa); and lines from "Your Pres- ence," by David Diop, originally in Coups de piton, Pr6sence . Africaine, Paris (translation from Modern Poetry from Africa). THE RISE AND FALL OF A PROPER NEGRO Macmillan edition published May, 1970 POCKET BOOK edition published December, 1971 0 This POCKET BOOK edition includes every word contained in the original, higher-priced edition. It is printed from brand-new plates made from completely reset, clear, easy-tc-read type. POCKET BOOK editions are published by POCKET BOOKS, a division of Simon & Schuster, Inc., 630 Fifth Avenue, New York, N.Y . 10020. Trademarks registered in the United States and other countries. L Standard Book Number : 671-78105-7. Library of Congress Catalog Card Number : 71-95302 . Copyright, ©, 1970, by Leslie Alexander Lacy. All rights reserved . This POCKET BOOK edition is published by arrangement with The Macmillan Company. Printed in the U.S .A. For my father. Now only a memory. But what a man! A special brand of humanity: A good and honest soul And such strong hands- Yet gentle like the touch of children. -
Ike Asserts Truth Wiliavin Election
!'■ ■ 1 > - ,Vf 'I-. ■-M ,-j;' ..< r r ^ AseromrmBi ATBrafe Daily iNct PrcM-Rnn > ‘ 'i.^ . •' ''' ■ ■' . ,4 MONDAY, SEPTEMBER 17, 1956 % *. •- • • . -■ •• For the Weisk Eaded I Tht Wc8tb«r Sept. 15. ItM rarmaet «f D. 8. WmtlNr Tft« BKecntlv«lBQal:d df tHft.|tob- Mancheater Emblem ClUb, No. Fair, editor tmUifet. llrMt A ^^dboutTown kHson .i^tiool PTA win meet' 351, will hold a potiuck picnic at School Population FigureX^p^ Cigarette Machine 1 2 ,1 5 8 valleys. Low anHnd 45 bat BA-15 the tchoSl at g.-P-m. tomorrow. .Center Springs Lodge'Wednesday .Member of the Audit In deeper valleys.' Wedaeadayf U tr, Members are asked^to ireau ef OIrrubitlAii oom lio n o ralag , w^ n » tr la aftap- Rpliiitt E. RlcM«l<on ,Jt.. *on Klanchestbr Grange ■wUl'^lghr brirtjgv‘ ■ their■ ■ oWtisdishes and.■ Ml'....lilfer- $;i^1^irm Rifled / - i t y^^^X'fUal Enrollm ent Now J YEAH ROUMD AIR tO N D IllON IN G kiriii I I neea. High aear MiC^ind Mra. R o b ^ E^' Rich- bor With the Qunnatlaaet Grarige: warb...»i;e. Raymond Beaube^ard,; ' "j: - ' 9 ^ )25^ Manchetier^A CUy of Viltage C harts tH ao n , *03 HlyhleM St,, a /at the Thbmsoh Town Hall tomor B t SchOol .SL, states that ^ e b® .Police said aome'.money from a —— ------------ •tudent at TOnlty College,. Hart'^ row a t 8 p.m.’ T ^ 't p ^ l Grangers cigirette machine Waa taken In a, ing’ teain.' VTOild' like more Awnit Mjanchester public arhool enioll-«A According- to lIUng, the drop in EAc/iNi^^ ' h«a cmple^ed six weeks will participatetfcipatai in theL. -
Soccer, Stock Returns and Fanaticism: Evidence from Turkey
Available online at www.sciencedirect.com The Social Science Journal 46 (2009) 594–600 Research note Soccer, stock returns and fanaticism: Evidence from Turkey M. Hakan Berument a,∗, Nildag Basak Ceylan b, Gulin Ogut-Eker c a Department of Economics, Bilkent University, Ankara, Turkey b Department of Management, Atilim University, Ankara, Turkey c Department of Turkish Language and Literature, Hacettepe University, Ankara, Turkey Abstract This paper assesses the effect of three major soccer teams’ wins on the returns of the Istanbul Stock Exchange (ISE). We argue that the effect of soccer wins on ISE returns increases with the fanaticism of the teams’ supporters. © 2009 Western Social Science Association. Published by Elsevier Inc. All rights reserved. 1. Introduction This paper reports the estimates of an empirical exercise that ties the success of Turkey’s three major soccer1 teams (Bes¸iktas¸, Fenerbahc¸e and Galatasaray), each having a more or less equal number of fans across the country, to stock market returns by using the daily data from Turkey from July 3, 1987 to November 10, 2006. The hypothesis that we tested in this paper is whether the returns on the Istanbul Stock Exchange (ISE) can be associated with the wins of teams and the strength of the emotional ties that supporters who happen to be brokers/traders have to their teams. To be specific, we are concerned with three questions: (i) Are the wins of the three soccer teams associated with higher returns? (ii) Are the returns different, depending on which team won? (iii) Are these returns tied to the fanaticism of the fans of these three teams? In behavioral finance, emotional and visceral factors are often considered important deter- minants of asset pricing (see Stracca, 2004). -
Football Economy Report for 2014-2015 / 2015-2016 Seasons Table of Contents Message from Ceo
FOOTBALL ECONOMY REPORT FOR 2014-2015 / 2015-2016 SEASONS TABLE OF CONTENTS MESSAGE FROM CEO 01 MESSAGE FROM CEO oday, football became a global show industry with its meaning, millions of fans it addresses and its econo- mic volume. Every day, new actors emerge in the football industry where the sports clubs are in a tight race 02 GENERAL ASSESSMENT OF FOOTBALL ECONOMY Tfor branding, institutionalization, investment in infrastructure, creation of new revenue and investment areas, apart from the sportive struggle in the local and international platforms. In this period, it is possible for the in- 04 AN OVERVIEW TO 3 MAJOR REVENUE ITEMS OF FOOTBALL ECONOMY corporated football clubs to achieve their goals through not only sportive achievements but also sustainable and 06 Matchday revenues right financial managements. Total growth of the football industry in our country accounts for more than 2 billion Turkish Liras. Turkish football needs for a management model to diversify its revenue sources, independent from 10 Broadcasting revenues the sportive performance, in order to be able to compete with the major leagues in Europe and become a global 12 Commercial revenues brand. 3 main revenue items of the sports clubs consist of broadcasting revenues, commercial revenues and matchday revenues. Any source to be created for the clubs by managing these items rationally will have positive 18 FINANCIAL FIGURES OF SPOR TOTO SUPER LIG FOR THE FOOTBALL SEASONS 2014-2015 AND 2015-2016 impacts on the parameters of our football. 20 Financial volume of Spor Toto Super Lig As Aktif Bank, we intend to contribute to the development of Turkish sports through the services we provide 21 Matchday revenues in the last 2 years by means of financial support models for the long-term investments of the clubs and our subsidiaries. -
A Perfect Show... TÜRK TELEKOM in BRIEF 14 Türk Telekom Group 16 Vision, Mission and Corporate Values 17 History 2014
TÜRK TELEKOMÜNİKASYON A.Ş. ANNUAL REPORT 2014 A perfect show... TÜRK TELEKOM IN BRIEF 14 Türk Telekom Group 16 Vision, Mission and Corporate Values 17 History 2014 2014 AT A GLANCE 20 Highlights 24 Key Performance Indicators 30 Operational Indicators 36 Awards MANAGEMENT 38 Message from the Chairman 40 Assessment of the Board of Directors 44 The Board of Directors of Türk Telekom 48 The Board of Directors and Committees 49 Statutory Audit Board 50 Message from Türk Telekom CEO 54 Türk Telekom Management 60 CEOs OF Türk Telekom Group Companies 62 Organizational Structure and changes 64 Capital Structure and Changes ACTIVITIES IN 2014 65 Sector Outlook 70 Türk Telekom Group Operations 78 Türk Telekom Group Companies 78 AVEA 94 TTNET 106 AssisTT 108 Turk Telekom International 110 Innova 112 Argela 114 Sebit 116 Türk Telekom Investments and Infrastructure Projects 120 R&D and Innovation Activities 122 Türk Telekom Human Resources 126 Investor Relations 128 Corporate Social Responsibility 130 Sustainability Initiatives CORPORATE GOVERNANCE 135 Important Developments after the Accounting Period 136 Dividend Distribution Proposal 138 Conclusion of Affiliation Report 139 Corporate Governance Principles Compliance Report 160 Statement of Independence FINANCIAL INFORMATION 164 Statement of Responsibility 167 Independent Audıtors’ Report Related to Annual Report 169 Independent Auditors’ Report and Consolidated Financial Statements 278 Glossary As Türk Telekom, Turkey’s leading communication and convergence technologies group, we showed a strong performance in 2014, as well. We added new achievements to our existing ones. We jumped higher, looked further. We had millions of new customers that met with our innovative products and services. -
Ligue 1 Guide 2021/22
2021/2022 Ligue 1 Preview Guide INTRODUCTION After a historically close title race that saw four teams in the running Ligue 1 is back with no small amount of fanfare following a busy summer. Of those four sides, while Lille and Lyon have been relatively quiet as they try to consolidate under new managers, Monaco and Paris Saint-Germain have been eager participants in the mercato, buying well in a way that addresses the two sides’ needs. Nice and Rennes have also done some canny business in the offseason, to say nothing of Marseille’s flood of arrivals, but the discussions about pro- spective title favorites in France have to start and end with the capital side. Even as rumors swirl around the potential departure of Kylian Mbappé, it’s hard to argue that Paris Saint-Ger- main haven’t done their utmost to convince their young star to stay. At least, that is, if one judges by their transfer activity. The arrivals of Sergio Ramos, Gianluigi Donnarumma, Georginio Wijnaldum, and Achraf Hakimi have bolstered Mauricio Pochettino’s side in key areas whilst also adding another layer of dynamism. If he can keep his squad happy and balanced, this team looks as potent as any in Europe, Elsewhere, Monaco are probably best-equipped to challenge, even as they will have to contend with playing European football. The arrivals of Myron Boadu, Alexander Nübel and Ismail Jakobs look to be upgrades, and so long as Niko Kovac’s exciting, front-foot football remains in place and so do all of its key elements. -
Fundação Getulio Vargas Escola De Administração De
FUNDAÇÃO GETULIO VARGAS ESCOLA DE ADMINISTRAÇÃO DE EMPRESAS DE SÃO PAULO PIERRE LEVY SPORTS ADMINISTRATION: AN EXAMINATION OF THE COMPETITIVE BALANCE CONCEPT THROUGH EUROPEAN AND BRAZILIAN DOMESTIC SOCCER LEAGUES COMPARISON SÃO PAULO 2011 PIERRE LEVY SPORTS ADMINISTRATION: AN EXAMINATION OF THE COMPETITIVE BALANCE CONCEPT THROUGH EUROPEAN AND BRAZILIAN DOMESTIC SOCCER LEAGUES COMPARISON Dissertação apresentada à Escola de Administração de Empresas de São Paulo da Fundação Getulio Vargas como requisito para obtenção do título de Mestre em Administração de Empresas Campo do conhecimento: Administração Esportiva Banca examinadora Prof. Dr. Mário Aquino Alves (Orientador) SÃO PAULO 2011 2 Levy, Pierre Antoine François Sports Administration: an examination of the competitive balance concept through european and brazilian domestic soccer leagues comparison / Pierre Antoine François Levy. - 2011 106 f. Orientador: Mário Aquino Alves. Dissertação (mestrado) - Escola de Administração de Empresas de São Paulo. 1. Futebol. 2. Concorrência. 3. Esportes – Organização e administração. I. Alves, Mário Aquino . II. Dissertação (mestrado) - Escola de Administração de Empresas de São Paulo. III. Título. CDU 796.06 3 I dedicate this work to my family who has always given me everything I needed to realize my dreams, to my best friend Gerson and to my advisor Pr. Dr. Mário Aquino Alves for his help and his dedication which were important to achieve this research. Dedico esse trabalho a minha família que sempre me deu tudo que precisava para realizar os meus sonhos, meu melhor amigo Gerson e ao meu orientador Professor Dr.Mário Aquino Alves pela ajuda e dedicação quais foram importante para realização dessa pesquisa. 4 People need not fear the unknown if they are capable of achieving what they need and want. -
Adam Smith, Karl Marx, and John Maynard Keynes / Mark Skousen
The Big Three in Economics OTHER ACADEMIC BOOKS BY MARK SKOUSEN The Structure of Production Economics on Trial Dissent on Keynes (editor) The Investor’s Bible: Mark Skousen’s Principles of Investment Puzzles and Paradoxes in Economics (co-authored with Kenna C. Taylor) Economic Logic The Power of Economic Thinking Vienna and Chicago, Friends or Foes? The Compleated Autobiography by Benjamin Franklin (editor and compiler) The Big Three in Economics Adam Smith Karl Marx and John Maynard Keynes Mark Skousen M.E.Sharpe Armonk, New York London, England Copyright 2007 by Mark Skousen All rights reserved. No part of this book may be reproduced in any form without written permission from the publisher, M.E. Sharpe, Inc., 80 Business Park Drive, Armonk, New York 10504. Library of Congress Cataloging-in-Publication Data Skousen, Mark. The big three in economics : Adam Smith, Karl Marx, and John Maynard Keynes / Mark Skousen. p. cm. Includes bibliographical references and index. ISBN-10: 0-7656-1694-7 (cloth : alk. paper) ISBN-13: 978-0-7656-1694-4 (cloth : alk. paper) 1. Economists—History. 2. Economics—Philosophy. 3. Economists—Biography. 4. Smith, Adam, 1723–1790. 5. Marx, Karl, 1818–1883. 6. Keynes, John Maynard, 1883–1946. I. Title. HB76.S58 2007 330.15092’2--dc22 2006020466 Printed in the United States of America The paper used in this publication meets the minimum requirements of American National Standard for Information Sciences Permanence of Paper for Printed Library Materials, ANSI Z 39.48-1984. ~ BM (c) 10 9 8 7 6 5 4 3 2 1 Dedicated to The Big Three in my life, My editor, my friend, and my wife, Jo Ann Skousen Contents Introduction ix Photos follow page 104 Chapter 1. -
Foreign Ownership and Local Fans: Turkish Football Fans' Perspective
Physical Culture and Sport. Studies and Research, 2021, 89, 22–33 DOI: 10.2478/pcssr-2021-0003 Foreign ownership and local fans: Turkish football fans’ perspective Authors’ contribution: Mücahit Fişne1A-B-E , Sait Bardakçı2B-C-E , A) conception and design Syed Ali Hasaan3A-D of the study B) acquisition of data 1Faculty of Sport Sciences, Sivas Cumhuriyet University, Sivas, Türkiye C) analysis and interpretation 2Faculty of Economics & Administrative Sciences, Sivas Cumhuriyet University, Sivas, of data Türkiye D) manuscript preparation 3 E) obtaining funding Institute of Research & Advanced Studies IRAS, Multan, Pakistan Received: 27 March 2020 Mücahit Fişne, Sport Management Department, Faculty of Sport Sciences, Sivas Accepted: 17 November 2020 Cumhuriyet University, 58140, Sivas, Türkiye, Email: [email protected] Abstract Foreign investors have been very active in football clubs in many different countries. These clubs see significant benefits from foreign investment. However, in Turkey, this practice has not yet been implemented. Furthermore, there has been no general discussion about the applicability of this system in Turkish clubs, despite almost all Turkish football clubs being in a state of financial turmoil. To fill this void, this study aims to research the views of Turkish football fans regarding the possible sale of their club to a foreign investor. A total of 1172 football fans across Turkey completed a questionnaire form for the research. The distributions of fans’ views were analyzed by forming crosstabs and using the chi-square test of independence. A total of 66.8% of Turkish fans who participated in the research are against the possible sale of their club to a foreign investor, while 33.2% of the fans support this situation.