From the State to the Shareholder: Rent and the Production of Shareholder Value in Real Estate

Following the 2008 global financial crisis, the use of real estate tax credits to generate shareholder value for investors increased significantly. While tax credits are lauded as crucial to the delivery of social goods like affordable housing, the multiplier effects they supposedly generate fail to account for the hollowing out of the state that occurs as public funds are transferred to shareholders. Through a detailed case study of the historic tax credit industry in the United States, this research shows how many of the banks and financial institutions investing in tax credits have come to rely on overly engineered forms of landownership, deeply discounted credit pricing, and a wave of stock buybacks to boost their corporate profitability. This paper therefore develops a theoretical framework to understand taxation as a financialised accumulation strategy where the state serves as an important—if not problematic—source of real estate profit.     

Small state imperialism: the place of empire in contemporary nationalist discourse

Many modern European nations can trace their heritage back to one of the large multinational empires that once encompassed much of the European landscape, and nationalising elites often refer back to their place in these empires for the materials upon which their nation was purportedly built. In this article we examine some Belarusian nationalising elites and their references to the Grand Duchy of Lithuania in order to demonstrate a recent trend in East European small‐state national identity construction, which we refer to as ‘small state imperialism.’ Small state imperialism exhibits realist characteristics and paints the small nation's place in empires of the past as privileged and aggressive, and in this way deviates from the oppressed but morally superior image one typically expects of a small nation. This interpretation is not limited to Belarus; in a number of East European states a similar imperialist turn has taken root in nationalist discourses.     

Effectiveness of Planning Instruments for Minimizing Spatial Conflicts of Biogas Production

Abstract

The energy policy in Germany encourages an ever-greater utilization of biomass to produce biogas. But this utilization interferes on the natural resources and affects new conflicts regarding other forms of land use particularly flood prevention measures, drinking water supply and recreation. A forward-looking planning is needed to minimize these conflicts. Hence, this paper aims to derive quality and protection standards, summarized in checklists, assessing the effectiveness of different planning instruments with respect to the impact of biogas production in practice. These checklists were used in four model districts in Lower Saxony to evaluate the effectiveness of planning instruments on the regional level. The results show that the investigated Regional Planning Programmes do not contain any explicit planning statements as to the production of biomass or biogas. Specific regulations regarding potential conflict situations are mainly to be found in the respective Protected Area Regulations. However, generally the German spatial planning and sectoral planning provide options to control the production of biogas in a way that it is compatible with the majority of competing land uses.     

Foreclosure Risk and Community Health: Does Social Capital Have a Protective Effect?

This study draws upon the social determinants of health framework to model and test the extent to which a community’s social capital is health protective in the face of a substantial economic shock, namely the recent foreclosure crisis. U.S. county–level data are used to analyze potential moderating effects of social capital on health given a community’s foreclosure risk. We rely upon established social capital measures for U.S counties and merge them with county level foreclosure risk scores constructed by the U.S. Department of Housing and Urban Development (HUD). While theorists suggest that social capital’s effect on health and other outcomes may be durable over time there have been few empirical tests of this. We interact established social capital indicators measured at two points in time with foreclosure risk to predict overall self-reported health. Our results provide strong support suggesting that high levels of social capital are health protective. Communities with high levels of social capital that are facing high foreclosure risks report significantly better aggregate health outcomes than comparable communities facing the same level of foreclosure risk, but lower levels of social capital.     

When nature nurtures children: nature as a containing and holding space

Contemporary theories of childhood recognize children as experts in their own lives, individuals whose perspectives are worthy of study. Immigrant and refugee children riding waves of historical, geographical, political, cultural and familial changes are likewise recognized as ‘socially competent actors’, anchored in part by their capacity to express personal interests and to form opinions. In a Montreal-based 2012 phenomenological study, 19 of these socially competent actors representing 5 continents were invited to share their perspectives concerning the role of the natural world in their socio-cultural adaptation process. Data provided information concerning children's lived experiences of nature. Research findings provided strong evidence that children entered into relationship with nature. Within this relationship, nature nurtured children by providing a space not unlike that of Winnicott's ‘holding’ or Bion's ‘containment’.