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Each by itself pursues its career and fulfils its mission; neither of them recognizes, nor is recognized by the other. At length the Temple of Jerusalem is rooted up by the armies of Titus, and the effete schools of Athens are stifled by the edict of Justinian. So pass away the ancient Voices of religion and learning; but they are silenced only to revive more gloriously and perfectly elsewhere. Hitherto they came from separate sources, and performed separate works. Each leaves an heir and successor in the West, and that heir and successor is one and the same. The grace stored in Jerusalem, and the gifts which radiate from Athens, are made over and concentrated in Rome.
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Under Fastows leadership, Enron took the use of SPEs to new heights of complexity and sophistication, capitalizing them with not only a variety of hard assets and liabilities, but also extremely complex derivative financial instruments, its own restricted stock, rights to acquire its stock and related liabilities. As its financial dealings became more complicated, the company apparently also used SPEs to park troubled assets that were falling in value, such as certain overseas energy facilities, the broadband operation or stock in companies that had been spun off to the public. Transferring these assets to SPEs meant their losses would be kept off Enrons books. To compensate partnership investors for downside risk, Enron promised issuance of additional shares of its stock. As the value of the assets in these partnerships fell, Enron began to incur larger and larger obligations to issue its own stock later down the road. Compounding the problem toward the end was the precipitous fall in the value of Enron stock. Enron conducted business through thousands of SPEs. The most controversial of them were LJM Cayman LP and LJM2 Co Investment LP, run by Fastow himself. From 1999 through July 2001, these entities paid Fastow more than $30 million in management fees, far more than his Enron salary, supposedly with the approval of top management and Enrons board of directors. In turn, the LJM partnerships invested in another group of SPEs, known as the Raptor vehicles, which were designed in part to hedge an Enron investment in a bankrupt broadband company, Rhythm NetConnections. As part of the capitalization of the Raptor entities, Enron issued common stock in exchange for a note receivable of $1.
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An author submitting a manuscript to JPER should not submit it to another journal nor should the manuscript repeat information published elsewhere with substantially similar form or content. The editors will run manuscripts through a plagiarism check. Authors in doubt about what constitutes prior publication should consult the editors. Review Process: After an initial evaluation, editors send manuscripts deemed appropriate for the journal to reviewers in a double blind review process. Decisions generally occur within four months of submission. Authors can see the status of their submissions through the online submission system and should feel free to contact the editors with any concerns. Research Articles: Research articles should make clear the research question, its importance and pertinence to planning, how the methods address the question, what the results found, and their interpretation. The editors welcome a diverse mix of submissions representing the range of the planning profession. Quantitative, qualitative and theory researchers should feel free to submit their work. In addition, scholars should help advance analytical comparative and global scale methods. Contributions to and applications of other literatures relevant to planners such as urban geography, welfare economics, interest group politics and policy analysis, are also welcome.
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From the New York Times:Whether Mr. Adelson will ultimately try to shape the papers coverage remains to be seen. But in the weeks since he has owned the paper, reporters said, several articles about the paper have been heavily reviewed and edited to remove quotes that could be viewed as unfavorable to the new owners. An article about Mr. Hengels resignation was trimmed before it was published from about 20 paragraphs to three and stripped of nearly all of Mr. Hengels comments, according to people familiar with the article. The article ran on Wednesday inside the paper. Similarly, an initial article on the papers website about the sale was edited after it was published to remove references to the buyers unknown identity. Within five hours, the immediate inherent conflicts of Adelson ownership made themselves highly apparent. The Review Journal reported that Adelson had met with the ownership of Oakland Raiders football team, hoping to lure them to Las Vegas and into a new public/private funded $1 billion domed stadium. The new publisher has reviewed each stadium story since, and the stories have seen numerous Moon directed edits, several sources confirm.