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This study attempts to investigate the issue of the existence of institutional herding in the stock market. The existence is detected in the intraday trade data from the Indonesia Stock Exchange (IDX) during up, down, and stable market condition over the period 2003-2005. By using the model of Lakonishok et al. (1992), it is found that the intensity of the existence of institutional herding at the IDX, on average, is 8.4 percent. Institutional investors do not seem to lead their transactions ina certain characteristic of stock. Most of them follow positive-feedback trading strategy while others follow negative-feedback trading strategy. This study also found that the existence of herd behavior at the IDX did not destabilize the market price in a subsequent period.

The development of community needs in information technology plays a very important role, both in positive and negative sides. One of the most disturbing and developing cyber crimes today is crimes related to a person’s freedom of privacy, namely cyber bullying. The issues raised were the application of positive laws regarding the crime of cyberbullying as a cybercrime crime and the cause of bullying that occurred on social media. The research method used is the normative research method, due to the absence of norms for regulatingcyber bullying in Law Number 11 of 2008 concerning Electronic Information and Transactions as amended by Law Number 19 of 2016 concerning Electronic Information and Transactions.. Cyberbullying is a new type of crime when viewed from the media used, namely electronic media, the easier it is to make social media a place to commit cyberbullying crimes from several reasons that are intended to fulfill aggressive attitudes and personal feelings that dominate the perpetrator, then this should be the concern of all law enforcers wherecyberbullying is rampant on social media. Therefore, for the cyberbullying phenomenon, the application of positive law on the crime of cybebullying has been explained based on article 27 paragraph (3) of Law Number 19 of 2016, amendments to Law number 11 of 2008 concerning Electronic Information and Transactions, and has a relationship between articles 310 and 311 of the Criminal Code, and the Constitutional Court Decisions Number 50 / PUU-VI / 2008 concerning complaint offenses referring to the phenomenon of cyberbullying

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Narcotics abuse is a felony offense which is punishable by criminal sanctions. A sentencing policy against narcotics abusers regardless of the position of the abuser as an offender or victim may have a negative impact in the coaching process for the abuser itself. In this case, it is necessary to reorient the policy of sanctions against narcotics abusers based on the basic idea and purpose of sanctions for narcotics abusers. Such a policy is a demanding situation and condition that can uphold the dignity of the narcotics abuser in society. Therefore, the policy of criminal sanctions in the Narcotics Act needs are depenalization or to be changed intotreatment sanction. Depenalization of criminal sanctions against narcotics abusers can be done through the policy of narcotics abusers rehabilitation both medically and socially, so that they can escape from narcotic dependency and can resocialize with the community. AbstrakPenyalahgunaan narkotika merupakan tindak pidana kejahatan yang diancam dengan sanksi pidana. Kebijakan pemidanaan terhadap penyalahguna narkotika tanpa memperhatikan kedudukan penyalahguna sebagai pelaku atau korban dapat menimbulkan dampak negatif dalam proses pembinaan bagi penyalahguna itu sendiri. Sehubungan dengan hal ini, perlureorientasi kebijakan sanksi terhadap penyalahguna narkotika yang didasarkan pada ide dasar dan tujuan sanksi bagi penyalahguna narkotika. Kebijakan demikian merupakan tuntutan situasi dan kondisi yang dapat menjunjung tinggi harkat dan martabat penyalahguna narkotika dalam masyarakat. Oleh karena itu, kebijakan sanksi pidana dalam Undang-Undang narkotika itu perlu didepenalisasi atau dirubah menjadi sanksi tindakan. Depenalisasi sanksi pidana terhadap penyalahguna narkotika ini dapat dilakukan melalui kebijakan rehabilitasi penyalah guna narkotika baik secara medis maupun sosial, sehingga mereka dapat melepaskan diri dari ketergantungan narkotika dan dapat bersosialisasi kembali dengan masyarakat. Kata Kunci: Kebijakan, Pemidanaan, Penyalahguna Narkotika.Persoalan dekriminalisasi dan kriminalisasi merupakan suatu kebijakan legislasi yang penting dalam merespon perkembangan nilai-nilai suatu bangsa, yang sekaligus dapat mengidentifikasi pola dan bentuk-bentuk perkembangan kejahatan yang terjadi dalam masyarakat. Sehubungan dengan kebijakan legislasi, di samping dekriminalisasi dan kriminalisasi, dalam hukum pidana juga dikenal kon-