Percent Stake Research Articles

Regulating Dominant Platforms: Challenges and Opportunities of Content Moderation on Jio Platforms

Abstract Indian multinational technology company, Jio Platforms with an active subscriber base of 467.6 million (February 2024, Telecom Regulatory Authority of India data) continues to lead the market in India. Digitisation has transformed India’s governance model as deep penetration of telecom and the internet in India has laid the foundation for a digital economy. This article examines the role of self-regulation mechanisms and censorship in India’s dominant platform company Jio Platforms which contributes significantly to changing the paradigm of digital governance, thereby making services seamless, and easily accessible and improving the ease of living and doing business. Facebook’s investment in Jio for a 9.99 percent stake makes it the largest investment for a minority stake by a tech company anywhere in the world. With Jio Platforms and Facebook parent Meta Platforms rolling out a grocery delivery app using Meta’s WhatsApp messaging service, the transnational ties are deepening and expanding, making it imperative to examine the role of self-regulation and censorship in a market that is open, diverse and the largest in a democratic governance structure. This article will examine the key concerns of data sharing and privacy, especially when the central plank of government policy is digitisation. With stricter government regulations for foreign players in the market, there is a distinct focus of the government on boosting Indian companies to capture and control the market. Data collated by the Telecom Regulatory Authority of India (TRAI) show India’s overall internet user base grew to around 936.16 million in 2023. Such a diverse and vibrant open market calls for effective regulations and restrictions on privacy, algorithms, deceptive practices, antitrust, financing, and governance. This article aims to investigate the challenges of regulating dominant platforms. It delves deep into understanding and analysing the challenges and opportunities that evolve in regulating Jio Platforms. The study will also inquire whether favourable government policies and national legislation boost the processes of digitisation and whether there is a need for a new regulatory framework laid by the government for platforms to abide by. India has an open market dominated by US multinational firms, such as Facebook, YouTube, and Twitter. Content removal and other online censorship efforts are topics of heated debate, in academia and policy circles. This makes it arduous to ensure that data protection and privacy are safeguarded, particularly by dominant platforms such as Jio Platforms which is almost monopolising the Indian market.

The Reshaping Face of Merger and Acquisition in Indian Chemical Industries

Introduction: In 2023, PCBL Ltd, a distinguished player in the chemical supplies industry, agreed to gather a hundred percent stake in Pune-based Aquapharm Chemicals Pvt. Ltd for a consideration of ₹3,800 crore. This acquisition was once regarded as a strategic move by way of the potential of PCBL Ltd to adorn its market presence and diversify its product offerings Purpose: To analyze the strategic cause behind PCBL Ltd's acquisition of Aquapharm Chemicals Pvt. Ltd. Methods: The quantitative analysis includes the comparison of financial and operational data, as properly as the assessment of the statistical importance of the results in the SPSS output. The qualitative evaluation entails the evaluation of enterprise reports, media articles, and interviews with key stakeholders to reap a deeper grasp of the strategic and organizational elements underlying the acquisition. Results: The findings recommend that the acquisition has had a high-qualityeffect on the financial and operational performance of the mixed entity, as properly as on PCBL Ltd's market position. However, the successful integration of the two businesses and the recognition of anticipated synergies can also have posed sizeable challenges. Conclusion: In conclusion, the acquisition of Aquapharm Chemicals Pvt. Ltd. by way of PCBL Ltd in 2023 seems to have been a strategic and profitable move. The evaluation suggests that the combined entity has skilled better operational and financial performance, as nicely as extended market position. While the integration manner can also have posed some challenges, the awareness of expected synergies has contributed to the ordinary success of the acquisition.

Analytical study of yes bank by considering financial failure: Issues and challenges

When a bank closes down, it will lend money from alternative, solvent banks to pay its account holders. A bank panic might come about wherever depositors rush to the bank to urge their cash if the unsuccessful bank were unable to pay its depositors. Once depositors withdraw funds out of the bank, this worsens thing for the troubled bank by lowering its net-assets. The RBI can either sell the failing bank to different solvent bank or take over the service of the bank once a bank fails. Yes Bank, the fifth largest personal investor in India, accounts for around 2.3 per cent of total bank loans and 1.6 per cent of domestic bank deposits. The government and RBI are seeking to save lot of it by absorbing 49 percent stake in SBI, India's biggest public sector investor. This paper tries to check the problem and challenges visage within the case of YES Bank failure. The paper conjointly discusses the factors answerable for such money failure.

E-Hailing Services: Antitrust Implications of Uber and Grab`s Merger in Southeast Asia

Uber-Grab’s merger had attracted antitrust scrutiny by competition authorities in Southeast-Asia. The merger between the two had created a large giant company that provides various services through a platform such as ridesharing and food delivery services. According to the deal, Grab will take over Uber’s assets (ridesharing and food delivery service), and in return, Uber will take a 27.5 percent stake in Grab. Although Grab claimed that the merger would create a cost-efficient platform in Southeast Asia and put it in a better position to serve consumers, there was a genuine concern that the merger will reduce competition in the market and provide incentives to Grab to engage in anti-competitive behaviour such as increasing the price of its services. This article aims to analyse how different countries in Southeast Asia responded to the Uber-Grab’s merger and measures taken to address competitive concerns ex-ante and ex-post-merger. Unlike other competition jurisdictions in Southeast-Asia, the Malaysia Competition Act 2010 contains no merger control provision, which empowers the Malaysian competition authority to block any merger that has the effect of substantially lessening competition. The studies on how other countries evaluated the Uber-Grab merger could assist Malaysia’s competition authority to regulate the future behaviour of the big digital platform in the Malaysian market. This article was written based on research that relies on both primary and secondary sources. Primary sources include statutory provisions on competition, decision, proposed decision, interim measures, and others. while secondary sources include journal articles, news, internet resources, and others. The article also adopts a comparative approach in order to analyse the approaches and measures taken by the various merger control regimes in Southeast Asia in dealing with the Uber-Grab’s merger.

SAMSUNG DISPLAY BETS ON FOLDABLE GLASS

SAMSUNG DISPLAY HAS MADE A substantial investment in the ultra-thin glass substrate firm Dowoo Insys, whose technology will be used by Samsung Electronics for its next generation of Galaxy Fold devices. In late December, Samsung Display acquired 600,000 shares of Dowoo Insys for 13.5 billion won, or $11.6 million, through a collaborative fund with Samsung Venture Investment Corp. The purchase makes Samsung the company's largest shareholder, with a 27.7 percent stake. Samsung Display has invested a total of 48.5 billion won, or $41.5 million, in Dowoo Insys since May 2018. According to Ross Young, CEO of the market research firm Display Supply Chain Consultants, Samsung's move to gain a controlling interest in Dowoo Insys makes sense as it looks to gain a competitive advantage in the nascent foldable market. Ultra-thin glass is expected to produce a more robust display than the colorless polyimides that Samsung used in its first Galaxy Fold product, providing a better feel and eliminating the visible crease in the flexible OLED display. “They think it's a strategic technology to make foldable more successful,” he said. Young notes that the ultra-thin glass Samsung will be using is actually produced by the German firm Schott, and that Dowoo Insys has a proprietary method for processing the glass. Opting for Ultra-Thin Glass Young believes a 1.5 mm radius will be implemented on the next Samsung foldable phone with Schott's ultra-thin glass. It was 3 mm in the first Galaxy Fold. Image: Samsung “Our understanding is that it could potentially be more than a single piece of glass in order to deal with the elongation,” Young said, adding that Dowoo Insys may also be helping to thin the glass and is expected to be laminating a protective film over it from another Korean supplier in case of any unforeseen cracking. Details from Dowoo Insys about its process are scarce, he said. As the foldable market expands, Young sees Schott having an early edge with its ultra-thin glass, which can be chemically strengthened and made thinner than some competing products. “They've talked about going as thin as 10 microns, but what's more likely is around 30 microns,” he said. “As the glass gets thinner, the fold radius gets smaller. We believe that they're going to be implementing a 1.5 millimeter (mm) radius on the next Samsung foldable phone with the ultra-thin glass.” In comparison, the radius of the first Galaxy Fold was 3 mm. The new Galaxy Fold, which is expected to use a clamshell design, will officially be unveiled in February. Although Samsung Display doesn't have an exclusive deal with Schott for its glass, it does have an exclusive deal with Dowoo Insys through its investment, which means that Samsung alone has access to the company's processing and laminating technology. Young says the Dowoo Insys deal is consistent with Samsung's recent emphasis on sourcing key technology from Korean suppliers in the wake of trade tensions with Japan. “They've become a lot more focused on self-sufficiency within Korea,” Young said. —Glen Dickson U.S. carriers may have launched limited 5G services months ahead of their Chinese counterparts, but at the close of 2019, Chinese carriers recorded almost 17 times the number of 5G phone sales, according to data from the market research firm M Science. Chinese carriers, the firm reports, have been selling more than 100,000 5G-phones every week since early November, while U.S. carriers haven't moved more than 15,000 5G phones per week since September. Why? Varied and competing 5G technologies on the U.S. end versus a standardized market in China (led by Huawei) are key. For the week of Dec. 7, the 5G adoption rate in the U.S. was 1.9 percent, having received a sizable bump after T Mobile launched its 5G network on Dec. 2, while in China the penetration rate was 3.42 percent, according to M Science. —Nicole Saunders Image: vchal/Shutterstock Image: vchal/Shutterstock

Corporate Governance, Financial Stability and Evolving Insurtech: The Case of Insurance Australia Group (2011-2016)

Like many multinationals, Insurance Australia Group (IAG) has had to adapt to challenges posed by insurtech, changing consumer behavior and financial markets in Asia, Australia and New Zealand. This article explains some of the corporate governance and financial stability problems and sub-optimal decision-making at IAG. The article also discusses how insurtech has evolved at IAG and some of its effects and limitations. IAG seemed to have intentionally engaged in asset quality management and earnings management which was intertwined with its overall strategy. Interestingly, despite all of IAG's problems, Berkshire Hathaway invested in $388 million in IAG in June 2015 for a 3.7 percent stake with the objective of reducing IAG's capital requirements.

An evaluation of bank acquisition using an accounting based measure: a case of Amalgamated Bank of South Africa and Barclays Bank Plc.

In 2005, Barclays Bank Plc acquired 56.4 percent stake of Amalgamated Bank of South Africa (ABSA). The performance of this acquisition has never been evaluated. Therefore, the purpose of this article is to evaluate the performance of the acquired ABSA through an accounting based measure. The primary source of data was the 2004-2015 ABSA audited financial statements. The audited financial statements are publicly available. The period 2004-2015 includes a period before, during and after the acquisition. In this article, a financial statement analysis method through accounting based measure was the preferred research method. The financial statement analysis method was preferred because of its strength and ability to assess viability, stability and profitability by using formulae, ratios and calculations. Therefore, this article used financial formulae and ratios as acceptable accounting based measures to evaluate the performance of the acquired ABSA. The major finding is that the acquired ABSA is doing better than at the pre-acquisition stage and the share price of the acquired ABSA has been increasing since 2005 to 2015.

매니지먼트사와 외주제작사간 상호겸영 실태와 문제점 및 개선 방안

연예 매니지먼트사와 외주제작사들이 2000년부터 시작된 한류열풍이후 사업다각화 전략을 실행하여 매니지먼트업과 외주제작업 간에 상호겸영을 보편화하는 방식으로 사세를 확장하면서 불공정 거래 등 많은 부작용이 나타났다. 본 연구는 이런 문제에 착안하여 주식시장에 상장한 국내 매니지먼트사와 외주제작사 전체를 상대로 2015년 기준 매니지먼트업과 외주제작업의 겸영 실태를 분석하고, 이해관계자와 전문가들의 심층 인터뷰를 통해 그 대안을 탐색했다. 분석결과 매니지먼트사의 외주제작업 겸영 비중이 평균 32%로 높아 규제가 필요하며, 규제는 수평규제 원칙을 적용하고 미국 법제를 원용한 국내 선행 입법과 연동하여 미국식 규제 모델을 도입하는 게 타당하다는 점을 확인했다. 적용 가능한 규제방안으로는 첫째, 겸영은 허용하되 자사제작 작품에 자사소속 배우의 출연을 금지하는 방안, 둘째, 겸영을 금지하고 지분 10~20% 내에서 상호 투자만 허용하는 방안, 셋째, 상호 겸영과 투자를 전면 금지하는 모델이 제안되었다. Korean management agency and production's size is bigger than ever applying diversification strategy since the Korean Wave started in 2000. Thus, the cross-ownership between two sectors is widespread and it's side effect such as unfair trading occurred among them. Came up with this problem, this study has focused on the analysis of the cross-ownership status of the entire Korean listed agencies and productions and the quest of the alternatives to solve the problem through in-depth interviews of the stakeholders and experts. Results showed that the horizontal regulation and American regulatory systems should be applied considering the previous law because the cross-ownership level was so high. In conclusion, it was proposed three regulatory models as follows : first, accept the cross-ownership and prohibit casting their contracted actors in their art, second, ban on the cross-ownership and allow mutual investment within a 10 to 20 percent stake, third, blanket ban on the cross-ownership and investment.

Drive-In Socialism: Debating Modernities and Development in Dar es Salaam, Tanzania

IN MAY 1966, THE FIRST—and perhaps only—socialist drive-in on the planet opened in Tanzania, on the site of what is today the American embassy in the nation’s capital, Dar es Salaam.1 The brainchild of C. C. Patel, a cunning and well-connected insurance magnate with business, political, and family ties throughout East Africa, with the assistance of Second Vice-President Rashid Kawawa, a former actor, the drive-in was heralded by leading Tanzanian politicians as a stunning example of the modernist development opportunities achievable through African socialism.2 At the ribbon-cutting ceremony, the minister of commerce and cooperatives, Abdulrahman Mohamed Babu, an avowed Marxist and an avid supporter of state socialism, hailed it as an “exemplary project of co-operation” between private enterprise and the socialist state.3 The capital for building and operating the drive-in was provided entirely by Patel. The Tanzanian government acquired a 30 percent stake in the

Target Cambodia

Target Cambodia

Indonesia: Telling Lies

Indonesia: Telling Lies

Stock demand curves and TARP returns

PurposeThe purpose of this paper is to determine if the US Treasury's at‐the‐market sales of 5.27 billion Citigroup shares in 2010 drove down the banks' share price. It attempts to use the evidence of Citigroup's stock returns to accept or reject competing hypotheses of larger stock sales.Design/methodology/approachThe paper uses a geometric Brownian motion model to test if there were abnormal returns at various points in the US Treasury's highly publicized stock sale that lasted from 26 April to 6 December 2010.FindingsThere was a weakly significant drop in the stock price at the announcement of the sale and a weakly significant rise in the stock price just after it ended. This is evidence that the demand curve for the stock had a negative slope.Practical implicationsThe evidence from this study will influence policy makers and investors in the upcoming privatizations of large bailed‐out firms such as American International Group, Ally Financial, Chrysler, and General Motors. The evidence indicates that slow at‐the‐market sales may temporarily depress stock prices more than quicker, underwritten secondary offerings. Patient investors may experience modest abnormal returns from providing liquidity to the US Treasury as it privatizes its holdings.Originality/valueThis is the only paper to study the stock price impacts of the US Treasury's liquidation of its 27 percent stake in Citigroup in 2010. Because the stock sales were delegated to a third party and highly publicized, unlike most other large stock sales, the Citigroup privatization is an unprecedented opportunity to test if the demand curve for common stocks is perfectly elastic.

ПолиграфическаЯ зАщитА этИкет-наклейкИ спиртныХ напиткоВ

Main reason of stable growth and high profitability of world polygraph market is a wide circle of users of products. Considerable part of market is made by a label. Its percent stake grows according to the world increase of population and increase of amount of commodities

Written Testimony for the House Financial Services Subcommittee on Oversight and Investigations' Hearing on 'TARP Oversight: An Update on Warrant Repurchases and Benefits to Taxpayers'

The increased frequency of auctions versus negotiations has ensured that taxpayers are justly rewarded for their risky investments in the banking sector. Contrary to the banking lobby’s early propaganda, the Troubled Asset Relief Program (TARP) warrants have proven to be very valuable raising $6.1 billion so far. I expect the U.S. Treasury to raise a further $4.1 billion from 236 banks with warrants outstanding based on the prices at the end of the first quarter. The administration plans to give away $3.0 billion subsidy to about 580 existing TARP recipients. The U.S. Treasury wants them to participate in a so-called Small Business Lending Fund, which would cancel the taxpayers’ warrants and convert the 5 percent preferred stock into 1 percent preferred stock. The Small Business Lending Fund is TARP 2.0, but TARP 2.0 has none of the upside for taxpayers that TARP 1.0 had. We should be contracting state ownership of the banking sector not expanding it. Finally, the sale of the 27 percent stake of Citigroup common stock has moved too slowly, and the administration should consider a large underwritten sale of that stock to lock in profits and reduce taxpayers’ firm specific risk in the large bank.

Social position, residential problems and characteristics of households and families of Roma population in Belgrade

The social most endanger inhabitants in Belgrade is the ethnic group of Roma. Social isolation, ghetto lifestyle and deficiency interest of Roma population for overall social development, in relation with other contents of Roma ethnic culture, makes definite influence on different aspects of their life. Residential problems in Roma population are the most evidence form of their misery. The attrition process and addition number of households, as one of indicators of modernization, stream slow and show correlation dependence between caste and residential problems. According to final results of Census in 2002, the largest concentration of declare Roma was in Belgrade (total number was 19.191 apropos 17.7% in total Roma population in Serbia). Percent stake of single and binomial households in total number of Roma households in Belgrade was 24.7% in regard the same stake on Belgrade level (47%). More visibility differences are in five to ten members' households; in Roma population stake was 38.8%, plural more than same stake on Belgrade level. Research results of Roma population in Belgrade come into view family mode organization, thus 62% Roma population in Belgrade lives in extended families. Other kinds of family organization are cognizable only in fragments or in modify types where family relationships don't import collective households. .

Why Don’t Shareholders Sue? Derivative Actions as a Test of Convergence in Chilean Corporate Law

The existence of a shareholder derivative action seems to be indicative of a jurisdiction’s convergence towards what the academic literature has referred to as the standard shareholder oriented model of corporate law. In the course of an ongoing deliberate process of junction towards such model, during the year 2000, Chilean legislation provided for a derivative action expressly intended to promote minority shareholders' protection. Interestingly, however, since its enactment no single derivative suit has been filed, despite that in several litigated cases there were grounds to be found for a shareholders' claim for compensation of corporate damages. One of such cases resulted in the imposition of a historical fine by the regulatory agency of publicly held corporations and securities markets (Superintendencia de Valores y Seguros, SVS), to high officers of the major Chilean electricity company (commonly known as the 'Chispas' case). The factual configuration of the case was extremely appealing. Following the privatization of its formerly state held property, the control over Enersis was exercised by a group of key managers through a twofold mechanism: First, pursuant to a 29 percent stake in the stock of Enersis which was held by a close corporation named Chispas (hence the popular denomination of the case); and, second, by means of several proxies granted to the key managers by a number of minority shareholders in Enersis. In 1997, the key managers sold to Endesa Espana 51 percent of their shares in Chispas, which conferred control over this company but not over Enersis. Thus, the key managers also agreed to exercise the authorities attached to their capacities as directors and officers of Enersis according to the acquiring party's best interest, in exchange for a surcharge on the price for the remaining 49 percent stake in Chispas. In this context, where there seemed to be reasonable grounds for a derivative action, one is inclined to question why no such action was filed by the minority shareholders in Chispas. The object of our investigation is to claim that shareholder passivity in this and similar cases may be explained as a result of cost related considerations with respect to the procedural design of a derivative action. This, in turn, may work as a test case for the convergence thesis in Chilean corporate practice, and shed light over the more general issue of the conditions for an effective transplantation of derivate actions. Therefore, our normative claim is that since plaintiff shareholders may only benefit indirectly from a derivative suit according to their pro rata shareholding, Chilean law should improve their means to shift costs of litigation to defeated defendants or beneficiated companies. The positive claim is that, at least on the Chispas case, Chilean judicial practice regarding the statutory exception of 'plausible cause' has discouraged shareholder activism in the derivative litigation context.

Technology Making It Into Production

This paper discusses the concept of MTU Aero Engines’ high-speed low-pressure turbine for the geared turbofan, which is based on the European Union research program ‘Clean’. Under the program, MTU developed the high-speed low-pressure turbine, the turbine centre frame, and an integrated heat exchanger. The paper also highlights that Pratt & Whitney, launched its geared turbofan (GTF) demonstrator project and asked MTU to be a partner. MTU has secured a 15 percent stake in either GTF version, which brings its high-speed low-pressure turbine, plus the first four stages of the high-pressure compressor.

Carlos Ghosn and Nissan Motor Co., Ltd. (A)

In March 1999, Renault, the ninth largest car maker in the world, announced acquisition of a 36.8 percent stake in Nissan Motor for $5.4B. Second, Carlos Ghosn would take charge of the struggling company. The news shocked Japan as well as the global business community. Would a Westerner be able to bring about change in a Japanese company with a deep-rooted tradition of bureaucratic behavior and a consensus-building style? Case A describes the steps that led to the acquisition of Nissan. Case B covers the story of Carlos Ghosn and how he changed the company and brought profitability to Nissan. The case discusses such techniques as the art of listening and understanding in depth, formation of cross-functional teams, and Ghosn's three management principles: transparency, 5% strategy and the rest execution, and communication of company direction and priorities.

Auto Mania: Cars, Consumers, and the Environment by Tom McCarthy

BookReviews 131 demotions for opposing political leaders, or replacement by teachers appointed because of their allegiance to the city's political machine. In tracing the evolution of the meaning of educational professionalism, Lyons's research suggests underlying tension concerning the proper role of teachers. At one end of the spectrum were those teachers who held that their responsibilities were limited to what happened in their classrooms. At the other end were those who believed that to be effective in the classroom, educators needed to have a voice in shaping school policy. By extension, therewere teachers who taught their subjects devoid of any application to real lifeor as dictated by the fears of local politicians and citizens. Other teachers advocated for reform of the society that shaped the lives of the students who came to their classrooms. As educational professionals they campaigned for academic and intellectual freedom, but this brought them into conflict with the political realities of the various eras and with problems specific to Chicago. The latter included the reality that demanding reforms at any level frequendy brought economic retaliation from themany entities that exercised control over the schools. For anyone who has taught in a school system, this conflict is not new. Lyons personalizes the struggle by including stories of individuals at the forefront of the struggle. Teachers andReformextends the scholarship of the civil rightsperiod, as Lyons clarifies the intersection of teachers' success inwinning basic rights such as collective bargaining with the civil rightsmovement and the drive for greater racial and gender inclusivity in the employment of teachers, principals, and administrators. The issues raised in thiswell-researched study provide a foundation for anyone looking into struggles faced by educators in one of the nation's major school systems. Linda Marie Bos SSND, PhD Mount Mary College Milwaukee, Wisconsin Tom McCarthy. Auto Mania: Cars, Consumers, and theEnvironment.New Haven: Yale University Press, 2007. Pp. 347. Epilogue. Illustrations. Index. Notes. Cloth, $32.50. In light of the recent financial struggles of the U.S. automobile industry, the massive fluctuation of gasoline prices, and growing concerns about pollution and global warming, Tom McCarthy's Auto Mania is a timely book. McCarthy places the extensive environmental 132 MichiganHistoricalReview impact of automobiles in the context of American consumers' ongoing love affairwith their cars. McCarthy argues that "the potent mix of practical and symbolic satisfactions that automobiles provide, aswell as the significant economic stakes they represent for both consumers and producers" have frustrated efforts to address automobile-related environmental problems (p. xiii). The twelve chapters ofAuto Mania unfold chronologically, moving from the "speed mania" of wealthy motorists in the early twentieth century to the recent sport-utility-vehicle craze. McCarthy goes into great detail about the auto industry's responsibility for the environmental impact of its products. In the 1920s Ford adopted a "backward integration" program thatwas based on procuring raw materials from company-owned coal mines inKentucky and forests in Michigan's Upper Peninsula, as well as manufacturing steel inDearborn's massive River Rouge complex. This approach allowed Ford to achieve greater efficiency and recyclewaste, but italso made the company the single largest polluter in the industry.By the 1940s and the 1950s, theRouge's foulwater and toxic smoke came under the scrutiny of conservationists and area residents. Other examples of pollution caused by automakers abound in the book. General Motors's 50 percent stake in the Ethyl Gasoline Corporation effectively kept leaded gasoline on the market long after production of high-octane unleaded fuelwas feasible. The automakers' deep pockets, political clout, and staunch opposition to government regulation delayed the implementation of smog-reducing catalytic converters in cars, higher fuel-mileage standards, and pollution controls from the 1950s onward. McCarthy also places responsibility for the environmental impact of the automobile on consumers. Americans favored high-performance, gasoline-powered cars over electric and steam-powered alternatives in the early twentieth century; consumers in the early 1950s accepted planned obsolescence as they eagerly traded up to larger and more luxurious models. By the late 1940s southern Californians demanded that the auto industry tackle the smog problem inLos Angeles, but most rejected the suggestion that theydrive less.Though McCarthy delivers more evidence for the industry's...

The D&T Report

The D&T Report