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The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior...

This vintage book contains a detailed guide to homing pigeons, with information on their history, general management, and training. A comprehensive treatment of the subject, The Homing Or Carrier Pigeon is highly recommended for existing or prospective fanciers, and would make for a great addition to collections of related literature. Contents include: History of the Homing Pigeon, Breeds Employed as Homing Pigeons, Management of Homing Pigeons, Training the Homing Pigeon, The Homing Pigeon Instincts or Intelligence, et cetera. Many vintage books such as this are becoming increasingly rare...