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The purpose of this paper is to provide a short comment on the current US innovation concerns and a recent paper by Tom Abeles.

Extracts are given from the Business Trends Library showing the relationship of the advanced (post‐industrial) countries with the rest of the world. Insights are given into the rising importance of the multi‐national corporations.

The post‐industrial countries have overwhelming advantage over the rest of the world, with very different world development roles played by both sides. The multi‐national corporations act as the organs of transfer of technology to the less developed world.

The importance of how innovation and business development arises in the post industrials and how it is defused is shown.

In this time of rapidly increasing journal subscription costs and shrinking (or stable) acquisition budgets, it is imperative to acquire materials as effectively as possible. One method of doing this is to use citation analysis of the scholarly literature as a guideline. Citation analysis is the analysis of the references from a set of documents (such as an analysis of all of the citations from five years of College & Research Libraries or of all citations from geology dissertations at a university). Information received from the analysis includes: languages of items cited, age of items cited (to calculate a half‐life for the field), and rate of self‐citations. Broadus reviewed citation analysis, its use, validity, and reliability. In the past, citation analysis has been used in collection development to decide on the suitability of specific items (both journals and monographs), such as mentioned in Buzzard and Whaley. The method introduced here is to use the percentage of publication formats cited in the research literature to serve as a guideline for acquisitions budget breakdowns, i.e., percentages allocated to monographs versus that allocated to other formats, for each discipline. The reasoning behind this is that an effective method of acquiring materials is to purchase the materials that the library's clients will use in the formats in which they will use them. The key assumption is that the citations in a scholar's paper reflect the literature the scholar used.

The rise of arts and culture is transforming citizen politics. Though new to many social scientists, this is a commonplace for many policy makers. We seek to overcome this divide by joining culture and the arts with classic concepts of political analysis. We offer an analytical framework incorporating the politics of cultural policy alongside the typical political and economic concerns. Our framework synthesizes several research streams that combine in global factors driving the articulation of culture into political/economic processes. The contexts of Toronto and Chicago are explored as both enhanced the arts dramatically, but Toronto engaged artists qua citizens, while Chicago did not.

We highlight key assumptions implicit in the models used by academics conducting research on market efficiency. Most notably, many academics assume that investors can borrow unlimited amounts and construct long-short portfolios at zero cost. We relax these assumptions and examine the attractiveness of long-short strategies as stand-alone investments and as a part of a diversified portfolio. Our analysis illustrates that the key benefit of long-short investing is adding diversification to a portfolio beyond what the market provides. We show that as stand-alone investments, nontrivial risk remains in the “hedge” strategies and that the returns generally do not beat the market in a head-to-head contest. Our findings raise questions about the degree of inefficiency in anomaly studies because plausible measures of costs generally offset strategy returns. The ability to achieve greater diversification may be, but is not necessarily, due to market inefficiency. We also highlight the key role of the generally ignored but critically important short interest rebate and show that absent this rebate, the long-short strategies we examine generally yield insignificant returns.

This essay explores the reactions within police departments toward sexual harassment scandals. The study describes and analyzes reported cases of sexual harassment and misconduct in police departments to discern citizen narratives and political consequences for elected officials. This assessment hypothesizes that political leadership is an essential element in establishing organizational cultures that combat sexual harassment in local governments. The article contributes to the knowledge about possible gaps in agenda setting, especially for a policy area in which knowledge and problem definitions continue to evolve.

an account of recent developments which have taken place at the Construction Industry Training Board's residential college at Bircham Newton

Food—national dietary standards—is a sensitive index of socio‐economic conditions generally; there are others, reflecting different aspects, but none more sensitive. A country that eats well has healthy, robust people; the housewife who cooks hearty, nourishing meals has a lusty, virile family. It is not surprising, therefore, that all governments of the world have a food policy, ranking high in its priorities and are usually prepared to sacrifice other national policies to preserve it. Before the last war, when food was much less of an instrument of government policy than now—there were not the shortages or the price vagaries—in France, any government, whatever its colour, which could not keep down the price of food so that the poor man ate his fill, never survived long; it was—to make use of the call sign of those untidy, shambling columns from our streets which seem to monopolize the television news screens—“out!” Lovers of the Old France would say that the country had been without stable government since 1870, but the explanation for the many changes in power in France in those pre‐war days could be expressed in one word—food!