tailieunhanh - Taking Stock: The Bush Faith-Based Initiative and What Lies Ahead

An inspection of Panel A reveals that all seven stock indexes display the same lunar-cycle pattern found in . returns. Mean daily returns around new moon dates are always higher than returns around full moon dates, and the difference is usually considerable. However, due to the relatively short time-series of observations, the t- statistics for most individual countries are insignificant, with only the Frankfurt and the Toronto results approaching significance at conventional levels (t-statistics of and ). This return pattern also seems fairly persistent, with the percentage of years in which new moon returns exceed full. | Taking Stock The Bush Faith-Based Initiative and What Lies Ahead By David J. Wright An independent research project of The Nelson A. Rockefeller Institute of Government Sponsored by The Pew Charitable Trusts Photos Top President George W. Bush signs the executive order creating the White House Office of Faith-Based and Community Initiatives on Jan. 29 2001. Photo by AP. Bottom President Barack Obama signs the executive order establishing the White House Office of Faith-Based and Neighborhood Partnerships on Feb. 5 2009. Photo by Pete Souza Executive Office of the President of the United States. Taking Stock The Bush Faith-Based Initiative and What Lies Ahead By David J. Wright Ị The Nelson A. Rockefeller Institute of Government State University of New York 411 State Street Albany NY .