State Tax Collections


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The Oxford Handbook of Venture Capital


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Venture capital (VC) refers to investments provided to early-stage, innovative, and high growth start-up companies. A common characteristic of all venture capital investments is that investee companies do not have cash flows to pay interest on debt or dividends on equity. Rather, investments are made with a view towards capital gain on exit. The most sought after exit routes are an initial public offering (IPO), where a company lists on a stock exchange for the first time, and an acquisition exit (trade sale), where the company is sold in entirety to another company. However, VCs often exit their investments by secondary sales, wherein the entrepreneur retains his or her share but the VC sells to another company or investor buybacks, where the entrepreneur repurchases the VC`s interest and write-offs (liquidations). The Oxford Handbook of Venture Capital provides a comprehensive picture of all the issues dealing with the structure, governance, and performance of venture capital from a global perspective. The handbook comprises contributions from 55 authors currently based in 12 different countries.




The City Record


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Railroad Issues


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Mayor Michael Bloomberg


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In Mayor Michael Bloomberg, Lynne A. Weikart dives into the mayoralty of Michael Bloomberg, offering an incisive analysis of Bloomberg's policies during his 2002–2014 tenure as mayor of New York and highlighting his impact on New York City politics. Michael Bloomberg became mayor of New York just four months after the 9/11 terrorist destruction of the World Trade Center and he lead the rebuilding of a physically and emotionally devastated city so well that within two years, the city had budget surpluses. Weikart reveals how state and federal governments constrained Bloomberg's efforts to set municipal policy and implement his strategic goals in the areas of homelessness, low-income housing, poverty, education, and crime. External powers of state and federal governments are strong currents and Bloomberg's navigation of these currents often determined the outcome of his efforts. Weikart evaluates Michael Bloomberg's mayoral successes and failures in the face of various challenges: externally, the constraints of state government, and mandates imposed by federal and state courts; and, internally, the impasse between labor unions and Bloomberg. Weikart identifies and explores both the self-created restrictions of Mayor Bloomberg's own management style and the courage of Mike Bloomberg's leadership.