Recent scandals at Enron, WorldCom and Global Crossing have put the ethical spotlight on corporate malfeasance as never before. However, these are the situations in which management knew that they made the wrong choice. As professor Joseph Badaracco of Harvard Business School points out, the real ethical dilemmas arise when people must choose between right and right — where both choices can be justified, yet one must be chosen over the other. Whether or not to reprice stock options represents one (...) such ethical dilemma. Repricing can help exodus of talented employees and motivate them to improve firm performance. However, it alienates shareholders and other workers of the company who are left unprotected from the adverse economic consequences of a stock price decline.In this paper we examine the ethics and the economics of stock option repricing. We find that repricing runs counter to two key tenets of business ethics — distributive justice and ordinary decency. To examine the economics of repricing, we draw upon agency theory to identify situations where repricing has the potential to benefit shareholders. However, a survey of empirical research reveals that these benefits do not translate into reality. Repricing does not improve employee retention or firm performance. In addition, managers benefit by opportunistically timing the repricing. Due to weaknesses in corporate governance such as lack of independence and conflicts of interest, the current repricing practice seems to be at odds with the objective of shareholder wealth maximization, and at a more fundamental level, a violation of board's fiduciary duty to shareholders. We offer suggestions that mitigate the ethically undesirable effects of repricing in the wider context of prevailing corporate governance and regulatory environment. We believe that these suggestions, if properly implemented, can transform repricing from a greed-inspired evil to a valuable compensation tool to retain employees, boost their morale, and enhance stockholder wealth. (shrink)

Application of recently developed non-Archimedean algebra to a flat and finite universe of total mass M 0 and radius R 0 is described. In this universe, mass m of a body and distance R between two points are bounded from above, i.e., 0≤m≤M 0, 0≤R≤R 0. The universe is characterized by an event horizon at R 0 (there is nothing beyond it, not even space). The radial distance metric is compressed toward horizon, which is shown to cause the phenomenon of (...) red shift. The corresponding modified Minkowski's metric and Lorentz transforms are obtained. Applications to Newtonian gravity shows a weakening at large scales (R→R 0) and a regular behavior as R→0. (shrink)

In _Susceptible to the Sacred_, Bani Shorter, a well-known Jungian analyst, examines the psychological experience of ritual in contemporary life and how this promotes awareness of the individual's natural potential. Basing her book on live material, she investigates, with great sensitivity, how people perceive the sacred and use ritual in their search for purpose, motivation and transformation.

This article suggests that the popular western image of the Buddha of the Pali suttas has been influenced by the opening pages of Walpola Rahula’s book What the Buddha Taught. It examines two closely linked qualities postulated by Rahula as attributes of the Buddha: that he is respectful of other religions and that he encourages freedom of thought in his followers. It finds Rahula’s evidence faulty at every turn and goes on to give examples of the Buddha’s and suttas’ disrespectful (...) attitude to other faiths, suggesting that in respect of its ‘exclusivism’, the Buddhism of the Pali suttas is no different from other religions. (shrink)

Check out ONGsucks.com, this is not a Justpeace or Better Times page, it's from a guy who's obviously fed up with the high prices of natural gas. We are too, that's why we put a wood stove in last year. For other energy conservation tips, check out our Better Times Energy Conservation Page.

Nutrition and hydration—including artificially delivered, or assisted, nutrition and hydration (ANH)—are typically considered ordinary or proportionate care in the Roman Catholic moral tradition. They are thus morally obligatory, except when the benefit to the patient does not justify the burden their administration places on the patient or when they no longer prolong life (e.g., in end-stage disease when death is imminent). A review of Church documents and the medical literature provides convincing evidence that there are cases in which ANH provides (...) little hope of benefit and may impose an excessive burden on the patient. This paper closely examines advanced dementia of the Alzheimer’s (DAT) type and shows how ANH can be properly considered extraordinary care and hence is not obligatory in patients with advanced DAT. National Catholic Bioethics Quarterly 8.2 (Summer 2008): 291–305. (shrink)

Classical work with Tarkāmr̥tataraṅgiṇī by Mukundabhaṭṭa, 19th cent. and Caṣaka and Caṣakatātparya by Gaṅgārāmajaḍī, 18th cent., on Nyaya philosophy.

It will be recalled that Mr. Mattick stated that Marxism does not derive its social theory from physical theory, and that any attempt to do so is an aberration from marxism. It is maintained that Marx is not a determinist or indeterminist in the ususal sense of these terms. Furthermore, it was argued that ideologies are no longer decisive weapons and that Marxists put little trust in the dialectical course of history.

Study on the ideology of Krishna, Hindu deity, as depicted in the Mahābhārata, Hindu epic.

On the philosophy of death in Hindu traditions; study based on Mr̥tyupurāṇa of Svāmī Mr̥tyujayānanda.

Articles on future lifes, rebirth and other related issues.

Seminar papers on Dvaitadvaita philosophy with reference to Advaitabrahmasiddhi of Madhusūdana Sarasvatī and Nyāyāmr̥ta of Vyāsatīrtha, 1460-1539.

Research articles on Indic philosophy and religion.

We are printing, by kind permission of the Law Commission, two sections of the report of the Law Commission on injuries to unborn children. This report was the result of a request to the Law Commission by the Lord Chancellor at the time (Lord Hailsham of Saint Marylebone) to advise on `what the nature and extent of civil liability for antenatal injury should be'. The Law Commission followed its usual practice in such circumstances of consulting various bodies and obtaining expert (...) advice on the subject and then embodying the results in a working paper (Working Paper No. 47 - injuries to unborn children) published on 19 January 1973, which preceded their report (Cmnd 5709). Meanwhile a Royal Commission is considering much wider issues of civil liability for injury (including antenatal injury) but the terms of reference for the Law Commission were much narrower and confined to the position of children injured before birth. In the section relating to the present law the report makes it clear that it is probable that liability under the common law already exists. The Scottish Law Commission has also issued a report (Cmnd 5371). They were given different terms of reference and came to somewhat different conclusions. We are printing from this long report the paragraphs discussing the medical background and the summary of recommendations. As will be evident on reading the paragraphs on the medical background to injuries to the unborn child, events are moving very rapidly, particularly in the study of congenital defects and the effects of drugs but the problems of proof present great difficulty. Other causes of injury to the unborn child are better known to the general public: for example, those following the illness, infection and disease of the mother during pregnancy, injury caused in attempted termination of pregnancy and the risks resulting from the mother's condition. The summary of the recommendations sets out very clearly the legal position of the unborn child, as the Law Commission sees it, arising from injury before birth, the final conclusion being that `legislation is desirable'. These extracts from the report, apart from their intrinsic interest, lead on to the paper by Mr Kennedy and Dr Edwards in which they set out their criticisms of it, and provide quick references to the original document. (shrink)