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Presents a special issue, enlisting the help of the author’s students and colleagues, focusing on age, sex, colour and disability discrimination in America. Breaks the evidence down into manageable chunks, covering: age discrimination in the workplace; discrimination against African‐Americans; sex discrimination in the workplace; same sex sexual harassment; how to investigate and prove disability discrimination; sexual harassment in the military; when the main US job‐discrimination law applies to small companies; how to investigate and prove racial discrimination; developments concerning race discrimination in the workplace; developments concerning the Equal Pay Act; developments concerning discrimination against workers with HIV or AIDS; developments concerning discrimination based on refusal of family care leave; developments concerning discrimination against gay or lesbian employees; developments concerning discrimination based on colour; how to investigate and prove discrimination concerning based on colour; developments concerning the Equal Pay Act; using statistics in employment discrimination cases; race discrimination in the workplace; developments concerning gender discrimination in the workplace; discrimination in Japanese organizations in America; discrimination in the entertainment industry; discrimination in the utility industry; understanding and effectively managing national origin discrimination; how to investigate and prove hiring discrimination based on colour; and, finally, how to investigate sexual harassment in the workplace.

Man has been seeking an ideal existence for a very long time. In this existence, justice, love, and peace are no longer words, but actual experiences. How ever, with the American preemptive invasion and occupation of Afghanistan and Iraq and the subsequent prisoner abuse, such an existence seems to be farther and farther away from reality. The purpose of this work is to stop this dangerous trend by promoting justice, love, and peace through a change of the paradigm that is inconsistent with justice, love, and peace. The strong paradigm that created the strong nation like the U.S. and the strong man like George W. Bush have been the culprit, rather than the contributor, of the above three universal ideals. Thus, rather than justice, love, and peace, the strong paradigm resulted in in justice, hatred, and violence. In order to remove these three and related evils, what the world needs in the beginning of the third millenium is the weak paradigm. Through the acceptance of the latter paradigm, the golden mean or middle paradigm can be formulated, which is a synergy of the weak and the strong paradigm. In order to understand properly the meaning of these paradigms, however, some digression appears necessary.

Efficient calculations of the transient behaviour after disturbances of large-scale power systems are complex because of, among other things, the non-linearity and the stiffness of the overall state equation system (SES). Because of the rising amount of flexible transmission system elements, there is an increasing need for reduced order models with a negligible loss of accuracy. With the Extended Nodal Approach and the application of the singular perturbation method, it is possible to reduce the order of the SES adapted to the respective setting of the desired tasks and accuracy requirements.

Based on a differential-algebraic equation for the electric power system which is formulated with the Extended Nodal Approach, the automatic decomposition into reduced order models is shown in this paper. The paper investigates the effects of different coordinate systems for an automatic order reduction with the singular perturbation method, as well as a comparison of results calculated with the full and reduced order models.

The eigenvalues of the full system are approximated sufficiently by the three subsystems. A simulation example demonstrates the good agreement between the reduced order models and the full model independent of the choice of the coordinate system. The decomposed subsystems in rotating coordinates have benefits as compared to those in static coordinates.

The paper presents a systematic decomposition based only on a differential-algebraic equation system of the electric power system into three subsystems.

This study presents an investigation of the long and short‐term co‐movements between different hedge fund strategy indices and the stock markets of France, Germany, Japan, North America and the UK. To analyse relationships among these price indices, the EngleGranger methodology, based on bivariate testing for cointegration, and correlation analysis are conducted. The question of long‐term dependence instead of short‐term consideration is of particular interest, because portfolio optimization is based upon the cointegration of prices, rather than the correlation of returns. However, as is generally known, there is an information loss when returns are used instead of prices. Results indicate that there exists no station ary, long‐term relationship between the two as set groups. The overall suggestion is that opportunities exist to diversify an international portfolio by taking hedge funds into account. Moreover, this applies not only in terms of a limited time period, but also in the long‐run. Besides this main result, the augmented Dickey‐Fuller test statistics for cointegration residuals show quite different behaviour in comparison to the correlation co efficients. The values of the test statistics show that there seems to be a weaker tendency towards long‐term interrelation between hedge fund strategies and the US stock market. This applies even though average correlation co efficients among these assets exceed those of other combinations between stock and hedge fund indices.

This monograph contains abstracts from the 2005 Employment Research Unit Annual Conference Cardiff Business School, Cardiff University, 6‐7th September 2005

Comme le suggèrent à juste titre souvent des auteurs de différentes provenances, le changement constant et progressant dans toutes les conditions de la vie actuelle est la seule constante à laquelle on peut vraiement se fier. De la dernière on peut déduire que toute formation doit être considérée comme un processus dynamique. Les connaissances, le savoir et les facultés acquises à l'école, au cours de l'apprentissage ou à l'université, ne suffisent pas toujours. Pour s'accoutumer à un monde changeant si rapidement, une formation progressive et constante est nécessaire.

L'Ecole internationale des sciences touristique de Rome est un organisme privé ayant pour but de promouvoir la connaissance culturelle à caractère multidisciplinaire du phénomène touristique par I'enseignement théorique des disciplines correspondantes. Ces disciplines seront intégrées par des travaux pratiques et par des éventuels stages professionnels.

As with many other developing economies, Egypt pursues a policy of keeping domestic energy prices below border prices. This entails both financial subsidies to energy producers and users, and significant opportunity costs in terms of foregone foreign and government revenues. This article details the price structure and uses two models to assess the macroeconomic and microeconomic impacts of policies designed to correct the domestic/border price disparity.

Explores the influence of Japan’s culture on its innovative strengths and weaknesses. Indicates that Japan is good at evolutionary and process innovation but not so hot on inventing. Links this to Hofstede’s cultural dimensions, comparing Japanese with US results. Attempts to link Japanese cultural attributes to rice and its consequent agricultural system and associated human relations. Devotes a section each to Japanese collectivism, power, uncertainty avoidance, masculinity/femininity, and Confucianism. Finds that Japanese culture does not promote individuality or risk‐taking (unlike the US), but does excel at process technology.