Tick size reduction and price clustering in a FX order book

NASA Astrophysics Data System (ADS)

Lallouache, Mehdi; Abergel, Frédéric

2014-12-01

We investigate the statistical properties of the EBS order book for the EUR/USD and USD/JPY currency pairs and the impact of a ten-fold tick size reduction on its dynamics. A large fraction of limit orders are still placed right at or halfway between the old allowed prices. This generates price barriers where the best quotes lie for much of the time, which causes the emergence of distinct peaks in the average shape of the book at round distances. Furthermore, we argue that this clustering is mainly due to manual traders who remained set to the old price resolution. Automatic traders easily take price priority by submitting limit orders one tick ahead of clusters, as shown by the prominence of buy (sell) limit orders posted with rightmost digit one (nine).

The Geometric Phase of Stock Trading.

PubMed

Altafini, Claudio

2016-01-01

Geometric phases describe how in a continuous-time dynamical system the displacement of a variable (called phase variable) can be related to other variables (shape variables) undergoing a cyclic motion, according to an area rule. The aim of this paper is to show that geometric phases can exist also for discrete-time systems, and even when the cycles in shape space have zero area. A context in which this principle can be applied is stock trading. A zero-area cycle in shape space represents the type of trading operations normally carried out by high-frequency traders (entering and exiting a position on a fast time-scale), while the phase variable represents the cash balance of a trader. Under the assumption that trading impacts stock prices, even zero-area cyclic trading operations can induce geometric phases, i.e., profits or losses, without affecting the stock quote.

The Geometric Phase of Stock Trading

PubMed Central

2016-01-01

Geometric phases describe how in a continuous-time dynamical system the displacement of a variable (called phase variable) can be related to other variables (shape variables) undergoing a cyclic motion, according to an area rule. The aim of this paper is to show that geometric phases can exist also for discrete-time systems, and even when the cycles in shape space have zero area. A context in which this principle can be applied is stock trading. A zero-area cycle in shape space represents the type of trading operations normally carried out by high-frequency traders (entering and exiting a position on a fast time-scale), while the phase variable represents the cash balance of a trader. Under the assumption that trading impacts stock prices, even zero-area cyclic trading operations can induce geometric phases, i.e., profits or losses, without affecting the stock quote. PMID:27556642

What types of investors generate the two-phase phenomenon?

NASA Astrophysics Data System (ADS)

Ryu, Doojin

2013-12-01

We examine the two-phase phenomenon described by Plerou, Gopikrishnan, and Stanley (2003) [1] in the KOSPI 200 options market, one of the most liquid options markets in the world. By analysing a unique intraday dataset that contains information about investor type for each trade and quote, we find that the two-phase phenomenon is generated primarily by domestic individual investors, who are generally considered to be uninformed and noisy traders. In contrast, our empirical results indicate that trades by foreign institutions, who are generally considered informed and sophisticated investors, do not exhibit two-phase behaviour.

75 FR 20016 - Self-Regulatory Organizations; Notice of Filing of Proposed Rule Change by NASDAQ OMX PHLX, Inc...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-04-16

...)(i)(A) a provision relating to $5 wide bid-ask differentials for electronic quotes in equity, index... believes that these changes are appropriate because quoting has become entirely electronic; most Streaming... as one single offense, for purposes of initiating disciplinary action under Exchange rules, or...

Energy vulnerability relationships

DOE Office of Scientific and Technical Information (OSTI.GOV)

Shaw, B.R.; Boesen, J.L.

The US consumption of crude oil resources has been a steadily growing indicator of the vitality and strength of the US economy. At the same time import diversity has also been a rapidly developing dimension of the import picture. In the early 1970`s, embargoes of crude oil from Organization of Producing and Exporting Countries (OPEC) created economic and political havoc due to a significant lack of diversity and a unique set of economic, political and domestic regulatory circumstances. The continued rise of imports has again led to concerns over the security of our crude oil resource but threats to thismore » system must be considered in light of the diversity and current setting of imported oil. This report develops several important issues concerning vulnerability to the disruption of oil imports: (1) The Middle East is not the major supplier of oil to the United States, (2) The US is not vulnerable to having its entire import stream disrupted, (3) Even in stable countries, there exist vulnerabilities to disruption of the export stream of oil, (4) Vulnerability reduction requires a focus on international solutions, and (5) DOE program and policy development must reflect the requirements of the diverse supply. Does this increasing proportion of imported oil create a {open_quotes}dependence{close_quotes}? Does this increasing proportion of imported oil present a vulnerability to {open_quotes}price shocks{close_quotes} and the tremendous dislocations experienced during the 1970`s? Finally, what is the vulnerability of supply disruptions from the current sources of imported oil? If oil is considered to be a finite, rapidly depleting resource, then the answers to these questions must be {open_quotes}yes.{close_quotes} However, if the supply of oil is expanding, and not limited, then dependence is relative to regional supply sources.« less

Chapter 4. Bonneville cutthroat trout

Treesearch

Jeffrey L. Kershner

1995-01-01

In this little stream, the trout are more abundant than we have yet seen them. One of our sober men took, this afternoon, upward of thirty pounds. These fish would probably average fifteen or sixteen inches in length, and weigh three-quarters of a pound; occasionally, however, a much larger one is seen." This passage from the journal of John Townsend, a trader...

Mineralogical conversion of asbestos containing materials

DOE Office of Scientific and Technical Information (OSTI.GOV)

Pulsford, S.K.; Foltz, A.D.; Ek, R.B.

The principal objective of the Technical Task Plan (TTP) is to demonstrate a thermal-chemical mineralogical asbestos conversion unit at the Hanford Site, which converts non-radiological asbestos containing materials (ACMs) into an asbestos-free material. The permanent thermal-chemical mineralogical conversion of ACMs to a non-toxic, non-hazardous, potentially marketable end product should not only significantly reduce the waste stream volumes but terminate the {open_quotes}cradle to grave{close_quotes} ownership liabilities.

Monitored plutonium aerosols at a soil cleanup site on Johnston Atoll

DOE Office of Scientific and Technical Information (OSTI.GOV)

Shinn, J.H.; Fry, C.O.; Johnson, J.S.

1996-01-23

Suspended plutonium in air was monitored for four periods near the operation of a stationary sorting system used to {open_quotes}mine{close_quotes} contaminated soil on Johnston Atoll. The monitoring periods were 14 October-14 November 1992, 20 October-15 November 1993, 16 August-3 November 1994, and 17 February-27 February 1995. Pairs of high volume air samplers were located at each of four locations of the process stream: the {open_quotes}spoils pile{close_quotes} that was the feedstock, the {open_quotes}plant area{close_quotes} near the hot soil gate of the sorter, the {open_quotes}clean pile{close_quotes} conveyer area where sorted clean soil was moved, and the {open_quotes}oversize soil{close_quotes} crushing area. These locationsmore » were monitored only during the working hours, while air monitoring was also done at an upwind, {open_quotes}background{close_quotes} area 24-hours per day. The median concentrations of Pu in {open_quotes}workplace{close_quotes} air (combined spoils pile, plant area, and clean pile sites) in 1992 was 397 aCi/m{sup 3} (15 {mu}Bq/m{sup 3}), but increased to median values of 23000 aCi/m{sup 3} (852 {mu}Bq/m{sup 3}) in August-November 1994 and 29800 aCi/m{sup 3} (1100 {mu}Bq/m{sup 3}) in February 1995. The highest median value at the worksites (29800 aCi/m{sup 3}) was more than 200 times lower than the regulatory level. The highest observed value was 84200 aCi/m{sup 3} at the spoils pile site, and this was more than 70 times lower than the regulatory level. The conclusion was that, in spite of the dusty environment, and the increased level of specific activity, we did not find that the soil processing posed any significant risk to workers during the observation periods 1992-1995.« less

Process Waste Assessment - Paint Shop

DOE Office of Scientific and Technical Information (OSTI.GOV)

Phillips, N.M.

1993-06-01

This Process Waste Assessment was conducted to evaluate hazardous wastes generated in the Paint Shop, Building 913, Room 130. Special attention is given to waste streams generated by the spray painting process because it requires a number of steps for preparing, priming, and painting an object. Also, the spray paint booth covers the largest area in R-130. The largest and most costly waste stream to dispose of is {open_quote}Paint Shop waste{close_quotes} -- a combination of paint cans, rags, sticks, filters, and paper containers. These items are compacted in 55-gallon drums and disposed of as solid hazardous waste. Recommendations are mademore » for minimizing waste in the Paint Shop. Paint Shop personnel are very aware of the need to minimize hazardous wastes and are continuously looking for opportunities to do so.« less

Peristaltic pump noise: A nemesis conquered

DOE Office of Scientific and Technical Information (OSTI.GOV)

Burns, D.A.

1994-12-31

Continuous-flow analyzers (CFA), and especially Segmented Flow Analyzers (SFA), typically employ peristaltic pumps to generate a carrier stream and add reagents thereto. The resulting pump {open_quotes}noise{close_quotes} usually limits precision, and is generally deemed unavoidable. Although the problem is partially solved by hydraulic debubbling, most modern instruments employ bubble thru the flow-cell (BTTFC) technology and electronic debubbling. The authors have developed an algorithm that can significantly reduce this source of noise, even when the individual segments in the SFA stream are of varying volumes and/or concentrations. It does this, without any modifications to the pump, by examining each individual segment asmore » it passes thru the flowcell. The Alpkem model 304 multichannel pump, for example, can be set to produce 90 bubbles/minutes (and therefore 90 segments/minute), so one has 667 msec in which to gather sufficient information to identify a {open_quotes}bad{close_quotes} segment and modify its value. This hardware includes a Hewlett Packard model 8452A diode array spectrophotometer fitted with fiber optics leading to/from a flowcell (5 mm path length X 1mm ID). Each segment remains in the flowcell 300-500 msec. With a data sampling rate of 10/sec (100 msec integration time), the authors can acquire 3-5 intensity values for each segment and convert these to absorbance values. The software to perform all this was written in QuickBASIC 4.5 and incorporates a few routines from Hewlett Packard`s library. The program will be described in some detail so that analytical chemists who use BTTFC can obtain higher precision.« less

Advanced evaporator technology progress report FY 1992

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chamberlain, D.; Hutter, J.C.; Leonard, R.A.

1995-01-01

This report summarizes the work that was completed in FY 1992 on the program {open_quotes}Technology Development for Concentrating Process Streams.{close_quotes} The purpose of this program is to evaluate and develop evaporator technology for concentrating radioactive waste and product streams such as those generated by the TRUEX process. Concentrating these streams and minimizing the volume of waste generated can significantly reduce disposal costs; however, equipment to concentrate the streams and recycle the decontaminated condensates must be installed. LICON, Inc., is developing an evaporator that shows a great deal of potential for this application. In this report, concepts that need to bemore » incorporated into the design of an evaporator operated in a radioactive environment are discussed. These concepts include criticality safety, remote operation and maintenance, and materials of construction. Both solubility and vapor-liquid equilibrium data are needed to design an effective process for concentrating process streams. Therefore, literature surveys were completed and are summarized in this report. A model that is being developed to predict vapor phase compositions is described. A laboratory-scale evaporator was purchased and installed to study the evaporation process and to collect additional data. This unit is described in detail. Two new LICON evaporators are being designed for installation at Argonne-East in FY 1993 to process low-level radioactive waste generated throughout the laboratory. They will also provide operating data from a full-sized evaporator processing radioactive solutions. Details on these evaporators are included in this report.« less

CRADA opportunities in removal of particulates from hot-gas streams by filtration

DOE Office of Scientific and Technical Information (OSTI.GOV)

Smith, D H

1995-06-01

Our analyses of samples and operating data from the Pressurized Fluidized Bed Combustion (PFBC), cyclone, and filtration units of the Tidd Clean Coal demonstration facility show that calcined dolomitic sorbent reacted with SO{sub 2} (and O{sub 2}) to form Sulfates (CaSO{sub 4} and CaMgn [SO{sub 4}]n+1) not only in the PFBC bed, but also in the filtration vessel. Analyses of limited data from the journal literature suggest that the filter-vessel reactions may have produced sulfate {open_quotes}necks,{close_quotes} which bonded the particles together, thus substantially increasing the critical angle of repose and shear tensile strengths of the filtered powders. This proposed mechanismmore » rationalizes the {open_quotes}bridging{close_quotes} and other particle-accumulation problems that caused filter breakage. Engineering services potentially available to resolve these problems include elucidation and modeling of ex-situ and in-situ filter-vessel chemistry, measurement and modeling of particulate materials properties, and measurement and modeling of cleaning back-pulse aerodynamics and cleaning efficiencies.« less

22 CFR 41.51 - Treaty trader, treaty investor, or treaty alien in a specialty occupation.

Code of Federal Regulations, 2010 CFR

2010-04-01

... residing in the United States, who would be classifiable as treaty traders. (3) Spouse and children of treaty trader. The spouse and children of a treaty trader accompanying or following to join the principal... child of a treaty trader is not material to the classification of the spouse or child under the...

22 CFR 41.51 - Treaty trader, treaty investor, or treaty alien in a specialty occupation.

Code of Federal Regulations, 2011 CFR

2011-04-01

... residing in the United States, who would be classifiable as treaty traders. (3) Spouse and children of treaty trader. The spouse and children of a treaty trader accompanying or following to join the principal... child of a treaty trader is not material to the classification of the spouse or child under the...

A Note on Trader Sharpe Ratios

PubMed Central

Coates, John M.; Page, Lionel

2009-01-01

Traders in the financial world are assessed by the amount of money they make and, increasingly, by the amount of money they make per unit of risk taken, a measure known as the Sharpe Ratio. Little is known about the average Sharpe Ratio among traders, but the Efficient Market Hypothesis suggests that traders, like asset managers, should not outperform the broad market. Here we report the findings of a study conducted in the City of London which shows that a population of experienced traders attain Sharpe Ratios significantly higher than the broad market. To explain this anomaly we examine a surrogate marker of prenatal androgen exposure, the second-to-fourth finger length ratio (2D∶4D), which has previously been identified as predicting a trader's long term profitability. We find that it predicts the amount of risk taken by traders but not their Sharpe Ratios. We do, however, find that the traders' Sharpe Ratios increase markedly with the number of years they have traded, a result suggesting that learning plays a role in increasing the returns of traders. Our findings present anomalous data for the Efficient Markets Hypothesis. PMID:19946367

A note on trader Sharpe Ratios.

PubMed

Coates, John M; Page, Lionel

2009-11-25

Traders in the financial world are assessed by the amount of money they make and, increasingly, by the amount of money they make per unit of risk taken, a measure known as the Sharpe Ratio. Little is known about the average Sharpe Ratio among traders, but the Efficient Market Hypothesis suggests that traders, like asset managers, should not outperform the broad market. Here we report the findings of a study conducted in the City of London which shows that a population of experienced traders attain Sharpe Ratios significantly higher than the broad market. To explain this anomaly we examine a surrogate marker of prenatal androgen exposure, the second-to-fourth finger length ratio (2D:4D), which has previously been identified as predicting a trader's long term profitability. We find that it predicts the amount of risk taken by traders but not their Sharpe Ratios. We do, however, find that the traders' Sharpe Ratios increase markedly with the number of years they have traded, a result suggesting that learning plays a role in increasing the returns of traders. Our findings present anomalous data for the Efficient Markets Hypothesis.

The use of artificially intelligent agents with bounded rationality in the study of economic markets

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rajan, V.; Slagle, J.R.

The concepts of {open_quote}knowledge{close_quote} and {open_quote}rationality{close_quote} are of central importance to fields of science that are interested in human behavior and learning, such as artificial intelligence, economics, and psychology. The similarity between artificial intelligence and economics - both are concerned with intelligent thought, rational behavior, and the use and acquisition of knowledge - has led to the use of economic models as a paradigm for solving problems in distributed artificial intelligence (DAI) and multi agent systems (MAS). What we propose is the opposite; the use of artificial intelligence in the study of economic markets. Over the centuries various theories ofmore » market behavior have been advanced. The prevailing theory holds that an asset`s current price converges to the risk adjusted value of the rationally expected dividend stream. While this rational expectations model holds in equilibrium or near-equilibrium conditions, it does not sufficiently explain conditions of market disequilibrium. An example of market disequilibrium is the phenomenon of a speculative bubble. We present an example of using artificially intelligent agents with bounded rationality in the study of speculative bubbles.« less

LLNL demonstration of liquid gun propellant destruction in a 0.1 gallon per minute scale reactor

DOE Office of Scientific and Technical Information (OSTI.GOV)

Cena, R.J.; Thorsness, C.B.; Coburn, T.T.

1994-06-01

The Lawrence Livermore National Laboratory (LLNL) has built and operated a pilot plant for processing oil shale using recirculating hot solids. This pilot plant, was adapted in 1993 to demonstrate the feasibility of decomposing a liquid gun propellant (LGP), LP XM46, a mixture of 76% HAN (NH{sub 3}OHNO{sub 3}) and 24% TEAN (HOCH{sub 2}CH{sub 2}){sub 3} NHNO{sub 3} diluted 1:3 in water. In the Livermore process, the LPG is thermally treated in a moving packed bed of ceramic spheres, where TEAN and HAN decompose, forming a suite of gases including: methane, carbon monoxide, oxygen, nitrogen oxides, ammonia and molecular nitrogen.more » The ceramic spheres are circulated and heated, providing the energy required for thermal decomposition. The authors performed an extended one day (8 hour) test of the solids recirculation system, with continuous injection of approximately 0.1 gal/min of LGP, diluted 1:3 in water, for a period of eight hours. The apparatus operated smoothly over the course of the eight hour run during which 144 kg of solution was processed, containing 36 kg of LGP. Continuous on-line gas analysis was invaluable in tracking the progress of the experiment and quantifying the decomposition products. The reactor was operated in two modes, a {open_quotes}Pyrolysis{close_quotes} mode, where decomposition products were removed from the moving bed reactor exit, passing through condensers to a flare, and in a {open_quotes}Combustion{close_quotes} mode, where the products were oxidized in air lift pipe prior to exiting the system. In the {open_quotes}Pyrolysis{close_quotes} mode, driver gases were recycled producing a small, concentrated stream of decomposition products. In the {open_quotes}Combustion mode{close_quotes}, the driver gases were not recycled, resulting in 40 times higher gas flow rates and correspondingly lower concentrations of nitrogen bearing gases.« less

78 FR 24780 - 60-Day Notice of Proposed Information Collection: Nonimmigrant Treaty Trader/Investor Application

Federal Register 2010, 2011, 2012, 2013, 2014

2013-04-26

...: Nonimmigrant Treaty Trader/Investor Application ACTION: Notice of request for public comment. SUMMARY: The... Information Collection: Nonimmigrant Treaty Trader/Investor Application. OMB Control Number: OMB-1405-0101... Number: DS-156E. Respondents: Nonimmigrant Treaty Trader/Investors. Estimated Number of Respondents: 17...

Do Emotions Expressed Online Correlate with Actual Changes in Decision-Making?: The Case of Stock Day Traders.

PubMed

Liu, Bin; Govindan, Ramesh; Uzzi, Brian

2016-01-01

Emotions are increasingly inferred linguistically from online data with a goal of predicting off-line behavior. Yet, it is unknown whether emotions inferred linguistically from online communications correlate with actual changes in off-line activity. We analyzed all 886,000 trading decisions and 1,234,822 instant messages of 30 professional day traders over a continuous 2 year period. Linguistically inferring the traders' emotional states from instant messages, we find that emotions expressed in online communications reflect the same distributions of emotions found in controlled experiments done on traders. Further, we find that expressed online emotions predict the profitability of actual trading behavior. Relative to their baselines, traders who expressed little emotion or traders that expressed high levels of emotion made relatively unprofitable trades. Conversely, traders expressing moderate levels of emotional activation made relatively profitable trades.

75 FR 25910 - 60-Day Notice of Proposed Information Collection: DS-156E, Nonimmigrant Treaty Trader/Investor...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-05-10

..., Nonimmigrant Treaty Trader/Investor Application, OMB Control Number 1405-0101 ACTION: Notice of request for...: Nonimmigrant Treaty Trader/Investor Application. OMB Control Number: 1405-0101. Type of Request: Extension of a...) Form Number: DS-156E. Respondents: Nonimmigrant treaty trader/investor visa applicants. Estimated...

75 FR 58012 - 30-Day Notice of Proposed Information Collection: DS-156E Nonimmigrant Treaty Trader/Investor...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-09-23

... Information Collection: DS-156E Nonimmigrant Treaty Trader/Investor Application ACTION: Notice of request for... Collection: Nonimmigrant Treaty Trader/Investor Application. OMB Control Number: 1405-0101. Type of Request... State (CA/VO). Form Number: DS-156E. Respondents: Nonimmigrant treaty trader/investor visa applicants...

25 CFR 140.23 - Credit at trader's risk.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Credit at trader's risk. 140.23 Section 140.23 Indians....23 Credit at trader's risk. Credit given Indians will be at the trader's own risk, as no assistance... accept pawns or pledges of personal property by Indians to obtain credit or loans. ...

Effect of Trader Composition on Stock Market

NASA Astrophysics Data System (ADS)

Wang, Mo-Gei; Wang, Xing-Yuan; Liu, Zhen-Zhen

2011-05-01

In this study, we build a double auction market model, which contains two types of agent traders, i.e., the noise traders and fundamentalists, to investigate the effect of the trader composition on the stock market. It is found that, the non-trivial Hurst exponent and the fat-tailed distribution of transaction prices can be observed at any ratio of the noise traders. Analyses on the price variation properties, including the Hurst exponent and the price variation region, show that these properties are stable when the ratio is moderate. However, the non-price variation properties, including the trading volume and the profitability of the two kinds of agents, do not keep stable untrivially in any interval of the ratio of noise traders.

Assessing Usage and Maximizing Finance Lab Impact: A Case Exploration

ERIC Educational Resources Information Center

Noguera, Magdy; Budden, Michael Craig; Silva, Alberto

2011-01-01

This paper reports the results of a survey conducted to assess students' usage and perceptions of a finance lab. Finance labs differ from simple computer labs as they typically contain data boards, streaming market quotes, terminals and software that allow for real-time financial analyses. Despite the fact that such labs represent significant and…

Synchronicity, instant messaging, and performance among financial traders.

PubMed

Saavedra, Serguei; Hagerty, Kathleen; Uzzi, Brian

2011-03-29

Successful animal systems often manage risk through synchronous behavior that spontaneously arises without leadership. In critical human systems facing risk, such as financial markets or military operations, our understanding of the benefits associated with synchronicity is nascent but promising. Building on previous work illuminating commonalities between ecological and human systems, we compare the activity patterns of individual financial traders with the simultaneous activity of other traders--an individual and spontaneous characteristic we call synchronous trading. Additionally, we examine the association of synchronous trading with individual performance and communication patterns. Analyzing empirical data on day traders' second-to-second trading and instant messaging, we find that the higher the traders' synchronous trading is, the less likely they are to lose money at the end of the day. We also find that the daily instant messaging patterns of traders are closely associated with their level of synchronous trading. This result suggests that synchronicity and vanguard technology may help traders cope with risky decisions in complex systems and may furnish unique prospects for achieving collective and individual goals.

Deposition of {open_quotes}unattached{close_quotes} radon daughters in models of human nasal and oral airways

DOE Office of Scientific and Technical Information (OSTI.GOV)

Strong, J.C.; Swift, D.L.

In order to estimate accurately an effective dose equivalent for exposures to radon daughters, knowledge of their deposition in the lung is required. However, the nose and mouth are effective filters for removing aerosol particles, especially in the range of sizes of {open_quotes}unattached{close_quotes} radon daughters. Therefore, it is equally important to have reliable data on deposition in this region of the respiratory tract. We will describe our work in studying nasal and oral deposition of {open_quotes}unattached{close_quotes} radon daughters in casts of these airways. Several hollow casts of adult and child nasal and oral airways were fabricated at The John Hopkinsmore » University from layers of Perspect{trademark} (an acrylic plastic). The shapes of the airway passages were obtained from nuclear magnetic resonance sectional images of healthy subjects. The casts were exposed to radon gas and daughters produced by flushing filtered air through a commercially available {sup 226}Ra source. The gas stream was drawn through a 1.4-L cylindrical tube to allow measurable growth of {sup 218}Po activity before it was passed through casts of both nasal passages or the oral cavity. The deposition of {open_quotes}unattached{close_quotes} {sup 218}Po was measured by comparing the activity collected on filters mounted in series and in parallel with a cast. Measurements were made at various flow rates (Q; 4 to 20 L min{sup -1}). The diffusion coefficient (D) of {sup 218}Po was measured each time the flow rate was changed, by replacing the cast with a stainless steel gauze screen and measuring the activity penetrating the screen. The measured diffusion coefficient ranged from 0.02 to 0.05 cm{sup 2} s{sup -1} and was found to vary with the residence time of {sup 218}Po in the growth tube. The deposition efficiency ({eta}) of {sup 218}Po measured in these casts ranged from 50 to 70%, and was similar to values we found previously, using casts of nasal and oral airways from cadavers.« less

77 FR 35725 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Approving Proposed Rule Change, as...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-06-14

... open outcry market making. The Exchange therefore proposed to eliminate the 20% test and its associated... unwilling to invest the resources necessary for streaming quotes, and may exit open-outcry market making in... requirements for non-SQT ROTs accordingly to enable such non-SQT ROTs to continue making markets in open outcry...

Do Emotions Expressed Online Correlate with Actual Changes in Decision-Making?: The Case of Stock Day Traders

PubMed Central

Liu, Bin; Govindan, Ramesh; Uzzi, Brian

2016-01-01

Emotions are increasingly inferred linguistically from online data with a goal of predicting off-line behavior. Yet, it is unknown whether emotions inferred linguistically from online communications correlate with actual changes in off-line activity. We analyzed all 886,000 trading decisions and 1,234,822 instant messages of 30 professional day traders over a continuous 2 year period. Linguistically inferring the traders’ emotional states from instant messages, we find that emotions expressed in online communications reflect the same distributions of emotions found in controlled experiments done on traders. Further, we find that expressed online emotions predict the profitability of actual trading behavior. Relative to their baselines, traders who expressed little emotion or traders that expressed high levels of emotion made relatively unprofitable trades. Conversely, traders expressing moderate levels of emotional activation made relatively profitable trades. PMID:26765539

Pig traders' networks on the Kenya-Uganda border highlight potential for mitigation of African swine fever virus transmission and improved ASF disease risk management.

PubMed

Lichoti, Jacqueline Kasiiti; Davies, Jocelyn; Maru, Yiheyis; Kitala, Philip M; Githigia, Samuel M; Okoth, Edward; Bukachi, Salome A; Okuthe, Sam; Bishop, Richard P

2017-05-01

We applied social network analysis to pig trader networks on the Kenya-Uganda border. Social network analysis is a recently developed tool, which is useful for understanding value chains and improving disease control policies. We interviewed a sample of 33 traders about their experiences with trade and African swine fever (ASF), analyzed the networks they generated in purchasing pigs and selling pork and their potential contribution to modulating dissemination of the ASF virus (ASFV). The majority of the traders were aware of clinical signs of ASF and the risk of trade transmitting ASFV. Most said they avoided buying pigs from ASF outbreak villages or sick pigs but their experiences also indicated that inadvertent purchase was relatively common. Traders had early knowledge of outbreaks since they were contacted by farmers who had heard rumours and wanted to sell their pigs to avoid the risk of them dying. Individual traders bought pigs in up to nine villages, and up to six traders operated in a village. Although each trade typically spanned less than 5km, networks of the various traders, comprising movements of pigs from source villages to slaughter slabs/sites and retail outlets, and movement of pork to villages where it was consumed, linked up indirectly across the 100km×50km study area and revealed several trade pathways across the Kenya-Uganda border. ASF could potentially spread across this area and beyond through sequential pig and pork transactions. Regulation of the pig and pork trade was minimal in practice. The risk of ASFV being spread by traders was compounded by their use of poorly constructed slaughter slabs/sites with open drainage, ineffective or non-existent meat inspection services, lack of provision for biosecurity in the value chain, and sales of pork to customers who were unaware of the risks to their own pigs from contact with ASF infected pork. More effective regulation is warranted. However, limitations on government capacity, together with the strong self-interest that established traders have in reducing the disruption and financial losses that outbreaks cause, highlight the importance of governments and traders co-developing an approach to ASF control. Formation of trader organizations or common interest groups warrants government support as an important step in engaging traders in developing and implementing effective approaches to reduce the risk of ASF outbreaks. Copyright © 2017 Elsevier B.V. All rights reserved.

Analysis of seaweed marketing in warbal village, Southeast Maluku Regency, Indonesia

NASA Astrophysics Data System (ADS)

Tumiwa, Bruri B.; Renjaan, Meiskyana R.; B. A Somnaikubun, Glen; Betauubun, Kamilius D.; Hungan, Marselus

2017-10-01

Seaweed in Warbal Village, West Kei Kecil Subdistrict, Southeast Maluku Regency has prospects and business opportunities are adequate to give hope to farmers in improving welfare. The fact that seaweed farming has not yet provided better and maximum results as desired by the farmers. This study aims to evaluation the marketing channels, marketing margins and profit share of marketing agencies. The research is located in Warbal Village, West Kei Kecil Subdistrict, Southeast Maluku Regency which is determined purposively. The number of sample is 30 farmers taken by simple random sampling, 2 wholesaler traders and 2 collector traders taken by using snowball method. The data collection methods is interview and questionnaire directly to farmers and marketing agencies, literary method or data collector from institutions related to the research’s aims. The research results show that there is two marketing channel, as follows: Channel I: farmers, wholesaler traders, collector traders, PAP; Channel II: farmers, collector traders, PAP. The magnitude of marketing margins is different between the marketing channels, and so it is with profit share of a marketing agency. On channel I, magnitude margin is IDR 3,250 and profit share is 71.11% on farmers, 17.76% on wholesaler traders and 11.09% on collector traders. On channel II, the magnitude of marketing margin is IDR 1,250 and profit share is 88.88% on farmers and 11.09% to collector traders.

Tracking Traders' Understanding of the Market Using e-Communication Data

PubMed Central

Saavedra, Serguei; Duch, Jordi; Uzzi, Brian

2011-01-01

Tracking the volume of keywords in Internet searches, message boards, or Tweets has provided an alternative for following or predicting associations between popular interest or disease incidences. Here, we extend that research by examining the role of e-communications among day traders and their collective understanding of the market. Our study introduces a general method that focuses on bundles of words that behave differently from daily communication routines, and uses original data covering the content of instant messages among all day traders at a trading firm over a 40-month period. Analyses show that two word bundles convey traders' understanding of same day market events and potential next day market events. We find that when market volatility is high, traders' communications are dominated by same day events, and when volatility is low, communications are dominated by next day events. We show that the stronger the traders' attention to either same day or next day events, the higher their collective trading performance. We conclude that e-communication among traders is a product of mass collaboration over diverse viewpoints that embodies unique information about their weak or strong understanding of the market. PMID:22046335

Tracking traders' understanding of the market using e-communication data.

PubMed

Saavedra, Serguei; Duch, Jordi; Uzzi, Brian

2011-01-01

Tracking the volume of keywords in Internet searches, message boards, or Tweets has provided an alternative for following or predicting associations between popular interest or disease incidences. Here, we extend that research by examining the role of e-communications among day traders and their collective understanding of the market. Our study introduces a general method that focuses on bundles of words that behave differently from daily communication routines, and uses original data covering the content of instant messages among all day traders at a trading firm over a 40-month period. Analyses show that two word bundles convey traders' understanding of same day market events and potential next day market events. We find that when market volatility is high, traders' communications are dominated by same day events, and when volatility is low, communications are dominated by next day events. We show that the stronger the traders' attention to either same day or next day events, the higher their collective trading performance. We conclude that e-communication among traders is a product of mass collaboration over diverse viewpoints that embodies unique information about their weak or strong understanding of the market.

Confidant par excellence, advisors and healers: women traders' intersecting identities and roles in Senegal.

PubMed

Lo, Marieme S

2013-01-01

Characteristics associated with West African women traders often hinge on their resilience, ingenuity and savvy business practices under precarious economic conditions and changing ecologies. Moreover, traders are defined, identified and classified by their trade and the commodities associated with their trading practice. However, a social analysis and ethnography of trading practices challenges this taxonomy and suggests the relational and social embeddedness of such economic transactions and the unexpected intersecting roles traders perform as confidants, advisers and healers. This paper examines the multiple roles that Senegalese traders embody and perform and the vast repertoire of knowledge and cultural registers they employ as advisers on sexuality, matrimonial affairs and conjugality. It posits to reframe trade and the marketplace, not only as a fulcrum of economic transaction, but also as locus of affective interactions, performative-counselling practices and fluid space where traders impart knowledge to their female clientele on a wide spectrum of issues such as sexuality, conjugality and the aesthetics of intimacy. Lastly, it seeks to unveil new analytics and theorising on the evolving, embodied and performative roles of women traders and market women, while proving contextual and culturally-textured insights on 'counselling' and its interpretation in Senegal.

Economic Culture and Trading Behaviors in Information Markets

ERIC Educational Resources Information Center

Alhayyan, Khalid N.

2012-01-01

There are four main components for influencing traders' behaviors in an information market context: trader characteristics, organizational characteristics, market design, and external information. This dissertation focuses on investigating the impact of individual trader characteristics on trading behaviors. Two newly-developed constructs,…

Prediction Markets and Beliefs about Climate: Results from Agent-Based Simulations

NASA Astrophysics Data System (ADS)

Gilligan, J. M.; John, N. J.; van der Linden, M.

2015-12-01

Climate scientists have long been frustrated by persistent doubts a large portion of the public expresses toward the scientific consensus about anthropogenic global warming. The political and ideological polarization of this doubt led Vandenbergh, Raimi, and Gilligan [1] to propose that prediction markets for climate change might influence the opinions of those who mistrust the scientific community but do trust the power of markets.We have developed an agent-based simulation of a climate prediction market in which traders buy and sell future contracts that will pay off at some future year with a value that depends on the global average temperature at that time. The traders form a heterogeneous population with different ideological positions, different beliefs about anthropogenic global warming, and different degrees of risk aversion. We also vary characteristics of the market, including the topology of social networks among the traders, the number of traders, and the completeness of the market. Traders adjust their beliefs about climate according to the gains and losses they and other traders in their social network experience. This model predicts that if global temperature is predominantly driven by greenhouse gas concentrations, prediction markets will cause traders' beliefs to converge toward correctly accepting anthropogenic warming as real. This convergence is largely independent of the structure of the market and the characteristics of the population of traders. However, it may take considerable time for beliefs to converge. Conversely, if temperature does not depend on greenhouse gases, the model predicts that traders' beliefs will not converge. We will discuss the policy-relevance of these results and more generally, the use of agent-based market simulations for policy analysis regarding climate change, seasonal agricultural weather forecasts, and other applications.[1] MP Vandenbergh, KT Raimi, & JM Gilligan. UCLA Law Rev. 61, 1962 (2014).

Detecting anomalous traders using multi-slice network analysis

NASA Astrophysics Data System (ADS)

Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Zhang, Yuqing

2017-05-01

Manipulation is an important issue for both developed and emerging stock markets. Many efforts have been made to detect manipulation in stock market. However, it is still an open problem to identify the fraudulent traders, especially when they collude with each other. In this paper, we focus on the problem of identifying anomalous traders using the transaction data of 8 manipulated stocks and 42 non-manipulated stocks during a one-year period. For each stock, we construct a multi-slice trading network to characterize the daily trading behavior and the cross-day participation of each trader. Comparing the multi-slice trading network of manipulated stocks and non-manipulated stocks with their randomized version, we find that manipulated stocks exhibit high number of trader pairs that trade with each other in multiple days and high deviation from randomized network at correlation between trading frequency and trading activity. These findings are effective at distinguishing manipulated stocks from non-manipulated ones and at identifying anomalous traders.

A combination of dopamine genes predicts success by professional Wall Street traders.

PubMed

Sapra, Steve; Beavin, Laura E; Zak, Paul J

2012-01-01

What determines success on Wall Street? This study examined if genes affecting dopamine levels of professional traders were associated with their career tenure. Sixty professional Wall Street traders were genotyped and compared to a control group who did not trade stocks. We found that distinct alleles of the dopamine receptor 4 promoter (DRD4P) and catecholamine-O-methyltransferase (COMT) that affect synaptic dopamine were predominant in traders. These alleles are associated with moderate, rather than very high or very low, levels of synaptic dopamine. The activity of these alleles correlated positively with years spent trading stocks on Wall Street. Differences in personality and trading behavior were also correlated with allelic variants. This evidence suggests there may be a genetic basis for the traits that make one a successful trader.

Knowledge and Perceptions of Highly Pathogenic Avian Influenza (HPAI) among Poultry Traders in Live Bird Markets in Bali and Lombok, Indonesia

PubMed Central

Kurscheid, Johanna; Millar, Joanne; Abdurrahman, Muktasam; Ambarawati, I Gusti Agung Ayu; Suadnya, Wayan; Yusuf, Ria Puspa; Fenwick, Stanley; Toribio, Jenny-Ann L. M. L

2015-01-01

Highly Pathogenic Avian Influenza (HPAI) has been prevalent in Indonesia since 2003 causing major losses to poultry production and human deaths. Live bird markets are considered high risk areas due to the density of large numbers of mixed poultry species of unknown disease status. Understanding trader knowledge and perceptions of HPAI and biosecurity is critical to reducing transmission risk and controlling the disease. An interview-administered survey was conducted at 17 live bird markets on the islands of Bali and Lombok in 2008 and 2009. A total of 413 live poultry traders were interviewed. Respondents were mostly male (89%) with a mean age of 45 years (range: 19–81). The main source of AI information was TV (78%), although personal communication was also identified to be an important source, particularly among female traders (60%) and respondents from Bali (43%). More than half (58%) of live poultry traders interviewed knew that infected birds can transmit HPAI viruses but were generally unaware that viruses can be introduced to markets by fomites. Cleaning cages and disposing of sick and dead birds were recognized as the most important steps to prevent the spread of disease by respondents. Two thirds (n = 277) of respondents were unwilling to report sudden or suspicious bird deaths to authorities. Bali vendors perceive biosecurity to be of higher importance than Lombok vendors and are more willing to improve biosecurity within markets than traders in Lombok. Collectors and traders selling large numbers (>214) of poultry, or selling both chickens and ducks, have better knowledge of HPAI transmission and prevention than vendors or traders selling smaller quantities or only one species of poultry. Education was strongly associated with better knowledge but did not influence positive reporting behavior. Our study reveals that most live poultry traders have limited knowledge of HPAI transmission and prevention and are generally reluctant to report bird deaths. Greater efforts are needed to engage local government, market managers and traders in education and awareness programs, regulatory measures and incentive mechanisms. Understanding and evaluating the social responses to such an integrated approach could lead to more effective HPAI prevention and control. PMID:26430785

Knowledge and Perceptions of Highly Pathogenic Avian Influenza (HPAI) among Poultry Traders in Live Bird Markets in Bali and Lombok, Indonesia.

PubMed

Kurscheid, Johanna; Millar, Joanne; Abdurrahman, Muktasam; Ambarawati, I Gusti Agung Ayu; Suadnya, Wayan; Yusuf, Ria Puspa; Fenwick, Stanley; Toribio, Jenny-Ann L M L

2015-01-01

Highly Pathogenic Avian Influenza (HPAI) has been prevalent in Indonesia since 2003 causing major losses to poultry production and human deaths. Live bird markets are considered high risk areas due to the density of large numbers of mixed poultry species of unknown disease status. Understanding trader knowledge and perceptions of HPAI and biosecurity is critical to reducing transmission risk and controlling the disease. An interview-administered survey was conducted at 17 live bird markets on the islands of Bali and Lombok in 2008 and 2009. A total of 413 live poultry traders were interviewed. Respondents were mostly male (89%) with a mean age of 45 years (range: 19-81). The main source of AI information was TV (78%), although personal communication was also identified to be an important source, particularly among female traders (60%) and respondents from Bali (43%). More than half (58%) of live poultry traders interviewed knew that infected birds can transmit HPAI viruses but were generally unaware that viruses can be introduced to markets by fomites. Cleaning cages and disposing of sick and dead birds were recognized as the most important steps to prevent the spread of disease by respondents. Two thirds (n = 277) of respondents were unwilling to report sudden or suspicious bird deaths to authorities. Bali vendors perceive biosecurity to be of higher importance than Lombok vendors and are more willing to improve biosecurity within markets than traders in Lombok. Collectors and traders selling large numbers (>214) of poultry, or selling both chickens and ducks, have better knowledge of HPAI transmission and prevention than vendors or traders selling smaller quantities or only one species of poultry. Education was strongly associated with better knowledge but did not influence positive reporting behavior. Our study reveals that most live poultry traders have limited knowledge of HPAI transmission and prevention and are generally reluctant to report bird deaths. Greater efforts are needed to engage local government, market managers and traders in education and awareness programs, regulatory measures and incentive mechanisms. Understanding and evaluating the social responses to such an integrated approach could lead to more effective HPAI prevention and control.

Laminar flamelets, conserved scalars, and non-unity Lewis numbers: What does this have to do with chemistry?

DOE Office of Scientific and Technical Information (OSTI.GOV)

Miller, H.J.; Marro, M.A.T.; Smooke, M.

1994-12-31

In general, computation of laminar flame structure involves the simultaneous solution of the conservation equations for mass, energy, momentum, and chemical species. It has been proposed and confirmed in numerous experiments that flame species concentrations can be considered as functions of a conserved scalar (a quantity such as elemental mass fraction, that has no chemical source term). One such conserved scalar is the mixture fraction which is normalized to be zero in the air stream and one in the fuel stream. This allows the species conservation equations to be rewritten as a function of the mixture fraction (itself a conservedmore » scalar) which significantly simplifies the calculation of flame structure. Despite the widespread acceptance that the conserved scalar description of diffusion flame structure has found in the combustion community, there has been surprisingly little effort expended in the development of a detailed evaluation of how well it actually works. In this presentation we compare the results of a {open_quotes}full{close_quotes} transport and chemical calculation performed by Smooke with the predictions of the conserved scalar approach. Our results show that the conserved scalar approach works because some species` concentrations are not dependent only on mixture fraction.« less

25 CFR 140.22 - Inspection of traders' prices.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Inspection of traders' prices. 140.22 Section 140.22... § 140.22 Inspection of traders' prices. It is the duty of the superintendent to see that the prices... statement of transportation charges, retail price of articles sold by them, the amount of Indian accounts...

Good Thinking or Gut Feeling? Cognitive Reflection and Intuition in Traders, Bankers and Financial Non-Experts

PubMed Central

Thoma, Volker; White, Elliott; Panigrahi, Asha; Strowger, Vanessa; Anderson, Irina

2015-01-01

The current study investigated differences in decision-making style and risk-taking between financial traders, non-trading bank employees, and people not working in finance. Traders scored significantly higher than participants in the other two groups on the cognitive reflection test (CRT) which measures the tendency to inhibit automatic but frequently false responses in reasoning tasks. Scores for traders compared to people outside the banking sector were also higher on a self-rated scale for reflective thinking in decision-making, but there were no differences in self-rated intuitive thinking between groups. Financial risk-taking correlated with cognitive reflection scores and was significantly lower in the non-expert group compared to the other groups working in financial services. Traders in the current study showed no elevated preference to use ‘intuition’ in their decision-making compared to other groups. Overall, these results indicate that compared to non-expert participants financial traders have a higher self-rated tendency for reflective thinking and a greater propensity to inhibit the use of mental shortcuts (heuristics) in decision-making. PMID:25875674

A Combination of Dopamine Genes Predicts Success by Professional Wall Street Traders

PubMed Central

Sapra, Steve; Beavin, Laura E.; Zak, Paul J.

2012-01-01

What determines success on Wall Street? This study examined if genes affecting dopamine levels of professional traders were associated with their career tenure. Sixty professional Wall Street traders were genotyped and compared to a control group who did not trade stocks. We found that distinct alleles of the dopamine receptor 4 promoter (DRD4P) and catecholamine-O-methyltransferase (COMT) that affect synaptic dopamine were predominant in traders. These alleles are associated with moderate, rather than very high or very low, levels of synaptic dopamine. The activity of these alleles correlated positively with years spent trading stocks on Wall Street. Differences in personality and trading behavior were also correlated with allelic variants. This evidence suggests there may be a genetic basis for the traits that make one a successful trader. PMID:22292056

77 FR 25007 - Order Temporarily Exempting Broker-Dealers From the Recordkeeping, Reporting, and Monitoring...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-04-26

... the Securities Exchange Act of 1934 (``Exchange Act'') concerning large trader reporting to assist the... persons are referred to as ``large traders'').\\1\\ \\1\\ See Securities Exchange Act Release No. 64976 (July... person is a large trader: (1) Any transaction that is part of an offering of securities by or on behalf...

The stream segment and stream network temperature models: A self-study course

USGS Publications Warehouse

Bartholow, John M.

2000-01-01

I am pleased to have had the opportunity to revise the first version of this set of course notes for the stream temperature models. In some ways, there have been many changes and in some ways the notes have stayed much the same. Generally, I was satisfied that the notes were both comprehensive and fairly easy to read. The exercises using SSTEMP have been upgraded to reflect advances in the software. Some additional material was added to better cover contemporary thremistors, and some, but not all, weak transitions and incomplete sentences have been corrected. A comprehensive index was added in an attempt to make these notes as useful as possible, and a few telling quotes have been added for spice. The goal has been to make this set of notes as stand-alone as possible and keep the file size down to something that is easily downloadable over the Internet today (March 2000).

Elkhorn ruling boosts state authority

DOE Office of Scientific and Technical Information (OSTI.GOV)

Beecher, H.A.

1995-03-01

On 31 May 1994, a landmark U.S. Supreme Court decision expanded state authority to establish conditions to protect water quality and included stream flows, aesthetics, and, potentially, other elements in a broad definition of water quality. Called the {open_quotes}Elkhorn case{close_quotes} the Supreme Court ruled that the state of Washington Department of Ecology has authority to set instream flows for fish (primarily steelhead, chinook, and coho salmon) as a condition of a Water Quality Certification (WQC) issued by the state under Section 401 of the federal Clean Water Act (CWA). The case surrounded the petitioners (applicants) proposed building of the Elkhornmore » Hydroelectric Project on the Dosewallips River, Washington. The project would have consisted of a dam near the boundary of Olympic National Park and a pipeline to carry diverted water around a 1.2-mile bypass reach to a powerhouse at Olympic National Forest`s Elkhorn Campground.« less

Heterogeneous belief and asset returns

NASA Astrophysics Data System (ADS)

Lei-Sun, Wen-Zou, Hui

2014-10-01

Based on DSSW model, this paper introduces the noise traders with heterogeneous belief. With an equilibrium analysis, this paper examines the return of risky asset. The results show that the belief biases, the probability of economy state, the degree of the heterogeneous noise trader's aversion risk, the coefficient between heterogeneous noise traders are all the factors that have effects on the risky asset pricing and the return of risky asset.

Predatory Trading and Risk Minimisation: How to (B)Eat the Competition

NASA Astrophysics Data System (ADS)

Mehta, Anita

We present a model of predatory traders interacting with each other in the presence of a central reserve (which dissipates their wealth through say, taxation), as well as inflation. This model is examined on a network for the purposes of correlating complexity of interactions with systemic risk. We suggest the use of selective networking to enhance the survival rates of arbitrarily chosen traders. Our conclusions show that networking with `doomed' traders is the most risk-free scenario, and that if a trader is to network with peers, it is far better to do so with those who have less intrinsic wealth than himself to ensure individual, and perhaps systemic stability.

Degree-strength correlation reveals anomalous trading behavior.

PubMed

Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Wang, Zhao-Yang

2012-01-01

Manipulation is an important issue for both developed and emerging stock markets. Many efforts have been made to detect manipulation in stock markets. However, it is still an open problem to identify the fraudulent traders, especially when they collude with each other. In this paper, we focus on the problem of identifying the anomalous traders using the transaction data of eight manipulated stocks and forty-four non-manipulated stocks during a one-year period. By analyzing the trading networks of stocks, we find that the trading networks of manipulated stocks exhibit significantly higher degree-strength correlation than the trading networks of non-manipulated stocks and the randomized trading networks. We further propose a method to detect anomalous traders of manipulated stocks based on statistical significance analysis of degree-strength correlation. Experimental results demonstrate that our method is effective at distinguishing the manipulated stocks from non-manipulated ones. Our method outperforms the traditional weight-threshold method at identifying the anomalous traders in manipulated stocks. More importantly, our method is difficult to be fooled by colluded traders.

Reducing financial avalanches by random investments

NASA Astrophysics Data System (ADS)

Biondo, Alessio Emanuele; Pluchino, Alessandro; Rapisarda, Andrea; Helbing, Dirk

2013-12-01

Building on similarities between earthquakes and extreme financial events, we use a self-organized criticality-generating model to study herding and avalanche dynamics in financial markets. We consider a community of interacting investors, distributed in a small-world network, who bet on the bullish (increasing) or bearish (decreasing) behavior of the market which has been specified according to the S&P 500 historical time series. Remarkably, we find that the size of herding-related avalanches in the community can be strongly reduced by the presence of a relatively small percentage of traders, randomly distributed inside the network, who adopt a random investment strategy. Our findings suggest a promising strategy to limit the size of financial bubbles and crashes. We also obtain that the resulting wealth distribution of all traders corresponds to the well-known Pareto power law, while that of random traders is exponential. In other words, for technical traders, the risk of losses is much greater than the probability of gains compared to those of random traders.

The role of local governments in traditional market revitalization

NASA Astrophysics Data System (ADS)

Prastyawan, A.; Isbandono, P.

2018-01-01

This paper presents the discussion the role of local government in traditional market revitalization. It is obvious that traditional market contributes economically into a certain region. However, the existence of the traditional market is decreasing since there are modern markets that are fully facilitated by the government. In order to increase the economic standard of the traders, the government and the legislative revitalized the improper traditional market, without the participation of the society and the stakeholders. Government’s intention to revitalize the market is to increase local revenue. While the Legislative Council considered politically motivated by profit, rent-seeking. Restrictions on the aspirations of the traders in the revitalization cause resistance to the government. The traders wished to be recognized as part of the stakeholder. In the future, the market revitalization activities should involve the traders as the main actors who have received services from the government. Government as policy makers should consider as it partners in developing business traders and increase local revenues.

Reducing financial avalanches by random investments.

PubMed

Biondo, Alessio Emanuele; Pluchino, Alessandro; Rapisarda, Andrea; Helbing, Dirk

2013-12-01

Building on similarities between earthquakes and extreme financial events, we use a self-organized criticality-generating model to study herding and avalanche dynamics in financial markets. We consider a community of interacting investors, distributed in a small-world network, who bet on the bullish (increasing) or bearish (decreasing) behavior of the market which has been specified according to the S&P 500 historical time series. Remarkably, we find that the size of herding-related avalanches in the community can be strongly reduced by the presence of a relatively small percentage of traders, randomly distributed inside the network, who adopt a random investment strategy. Our findings suggest a promising strategy to limit the size of financial bubbles and crashes. We also obtain that the resulting wealth distribution of all traders corresponds to the well-known Pareto power law, while that of random traders is exponential. In other words, for technical traders, the risk of losses is much greater than the probability of gains compared to those of random traders.

Waste-to-energy: What are the issues?

DOE Office of Scientific and Technical Information (OSTI.GOV)

Merritt, J.A.

1995-09-01

It is very difficult to have been associated with the Waste-to-Energy ({open_quotes}WTE{close_quotes}) Industry during the past twelve months without feeling a profound sense of being under attack and more than a little shell shocked. That is not to say that scrutiny and regulation haven`t been an important factor for WTE from its inception, only that it seems that certain difficult issues have been thrust to the fore through the recent actions of the courts and regulatory agencies. While ash management and flow control hit center stage with a flourish in a one-two punch last Spring with the Supreme Court inmore » the City of Chicago and Carbone decisions, significant compliance issues still remain with respect to implementing the Clean Air Act Amendments of 1990 ({open_quotes}CAAA{close_quotes}). In my state, the long term plans for waste management have WTE facilities responsible for turning 50% of the total waste stream into electricity, with other recycling accounting for all but 4% of the rest. With similar reliance upon WTE facilities elsewhere, it is critical that cost effective ways of managing these issues be found. Beyond these primarily regulatory and legal issues, there are also numerous challenges in the marketplace with increased reliance on recycling and the normal ebb and flow of the business cycle. Finally, there are always issues, including those already mentioned, which are best addressed in the political arena. Working together as an industry and regulated community will be essential if we are to make progress in addressing many of our challenges.« less

OntoTrader: An Ontological Web Trading Agent Approach for Environmental Information Retrieval

PubMed Central

Iribarne, Luis; Padilla, Nicolás; Ayala, Rosa; Asensio, José A.; Criado, Javier

2014-01-01

Modern Web-based Information Systems (WIS) are becoming increasingly necessary to provide support for users who are in different places with different types of information, by facilitating their access to the information, decision making, workgroups, and so forth. Design of these systems requires the use of standardized methods and techniques that enable a common vocabulary to be defined to represent the underlying knowledge. Thus, mediation elements such as traders enrich the interoperability of web components in open distributed systems. These traders must operate with other third-party traders and/or agents in the system, which must also use a common vocabulary for communication between them. This paper presents the OntoTrader architecture, an Ontological Web Trading agent based on the OMG ODP trading standard. It also presents the ontology needed by some system agents to communicate with the trading agent and the behavioral framework for the SOLERES OntoTrader agent, an Environmental Management Information System (EMIS). This framework implements a “Query-Searching/Recovering-Response” information retrieval model using a trading service, SPARQL notation, and the JADE platform. The paper also presents reflection, delegation and, federation mediation models and describes formalization, an experimental testing environment in three scenarios, and a tool which allows our proposal to be evaluated and validated. PMID:24977211

OntoTrader: an ontological Web trading agent approach for environmental information retrieval.

PubMed

Iribarne, Luis; Padilla, Nicolás; Ayala, Rosa; Asensio, José A; Criado, Javier

2014-01-01

Modern Web-based Information Systems (WIS) are becoming increasingly necessary to provide support for users who are in different places with different types of information, by facilitating their access to the information, decision making, workgroups, and so forth. Design of these systems requires the use of standardized methods and techniques that enable a common vocabulary to be defined to represent the underlying knowledge. Thus, mediation elements such as traders enrich the interoperability of web components in open distributed systems. These traders must operate with other third-party traders and/or agents in the system, which must also use a common vocabulary for communication between them. This paper presents the OntoTrader architecture, an Ontological Web Trading agent based on the OMG ODP trading standard. It also presents the ontology needed by some system agents to communicate with the trading agent and the behavioral framework for the SOLERES OntoTrader agent, an Environmental Management Information System (EMIS). This framework implements a "Query-Searching/Recovering-Response" information retrieval model using a trading service, SPARQL notation, and the JADE platform. The paper also presents reflection, delegation and, federation mediation models and describes formalization, an experimental testing environment in three scenarios, and a tool which allows our proposal to be evaluated and validated.

A simple test of expected utility theory using professional traders.

PubMed

List, John A; Haigh, Michael S

2005-01-18

We compare behavior across students and professional traders from the Chicago Board of Trade in a classic Allais paradox experiment. Our experiment tests whether independence, a necessary condition in expected utility theory, is systematically violated. We find that both students and professionals exhibit some behavior consistent with the Allais paradox, but the data pattern does suggest that the trader population falls prey to the Allais paradox less frequently than the student population.

Socioeconophysics:. Opinion Dynamics for Number of Transactions and Price, a Trader Based Model

NASA Astrophysics Data System (ADS)

Tuncay, Çağlar

Involving effects of media, opinion leader and other agents on the opinion of individuals of market society, a trader based model is developed and utilized to simulate price via supply and demand. Pronounced effects are considered with several weights and some personal differences between traders are taken into account. Resulting time series and probabilty distribution function involving a power law for price come out similar to the real ones.

A simple test of expected utility theory using professional traders

PubMed Central

List, John A.; Haigh, Michael S.

2005-01-01

We compare behavior across students and professional traders from the Chicago Board of Trade in a classic Allais paradox experiment. Our experiment tests whether independence, a necessary condition in expected utility theory, is systematically violated. We find that both students and professionals exhibit some behavior consistent with the Allais paradox, but the data pattern does suggest that the trader population falls prey to the Allais paradox less frequently than the student population. PMID:15634739

Degree-Strength Correlation Reveals Anomalous Trading Behavior

PubMed Central

Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Wang, Zhao-Yang

2012-01-01

Manipulation is an important issue for both developed and emerging stock markets. Many efforts have been made to detect manipulation in stock markets. However, it is still an open problem to identify the fraudulent traders, especially when they collude with each other. In this paper, we focus on the problem of identifying the anomalous traders using the transaction data of eight manipulated stocks and forty-four non-manipulated stocks during a one-year period. By analyzing the trading networks of stocks, we find that the trading networks of manipulated stocks exhibit significantly higher degree-strength correlation than the trading networks of non-manipulated stocks and the randomized trading networks. We further propose a method to detect anomalous traders of manipulated stocks based on statistical significance analysis of degree-strength correlation. Experimental results demonstrate that our method is effective at distinguishing the manipulated stocks from non-manipulated ones. Our method outperforms the traditional weight-threshold method at identifying the anomalous traders in manipulated stocks. More importantly, our method is difficult to be fooled by colluded traders. PMID:23082114

Self-reinforcing feedback loop in financial markets with coupling of market impact and momentum traders

NASA Astrophysics Data System (ADS)

Zhong, Li-Xin; Xu, Wen-Juan; Chen, Rong-Da; Zhong, Chen-Yang; Qiu, Tian; Ren, Fei; He, Yun-Xing

2018-03-01

By incorporating market impact and momentum traders into an agent-based model, we investigate the conditions for the occurrence of self-reinforcing feedback loops and the coevolutionary mechanism of prices and strategies. For low market impact, the price fluctuations are originally large. The existence of momentum traders has little impact on the change of price fluctuations but destroys the equilibrium between the trend-following and trend-rejecting strategies. The trend-following herd behaviors become dominant. A self-reinforcing feedback loop exists. For high market impact, the existence of momentum traders leads to an increase in price fluctuations. The trend-following strategies of rational individuals are suppressed while the trend-following strategies of momentum traders are promoted. The crowd-anticrowd behaviors become dominant. A negative feedback loop exists. A theoretical analysis indicates that, for low market impact, the majority effect is beneficial for the trend-followers to earn more, which in turn promotes the trend-following strategies. For high market impact, the minority effect causes the trend-followers to suffer great losses, which in turn suppresses the trend-following strategies.

Trading experience modulates anterior insula to reduce the endowment effect

PubMed Central

Tong, Lester C. P.; Ye, Karen J.; Asai, Kentaro; Ertac, Seda; List, John A.; Nusbaum, Howard C.; Hortaçsu, Ali

2016-01-01

People often demand a greater price when selling goods that they own than they would pay to purchase the same goods—a well-known economic bias called the endowment effect. The endowment effect has been found to be muted among experienced traders, but little is known about how trading experience reduces the endowment effect. We show that when selling, experienced traders exhibit lower right anterior insula activity, but no differences in nucleus accumbens or orbitofrontal activation, compared with inexperienced traders. Furthermore, insula activation mediates the effect of experience on the endowment effect. Similar results are obtained for inexperienced traders who are incentivized to gain trading experience. This finding indicates that frequent trading likely mitigates the endowment effect indirectly by modifying negative affective responses in the context of selling. PMID:27482098

The psychophysiology of real-time financial risk processing.

PubMed

Lo, Andrew W; Repin, Dmitry V

2002-04-01

A longstanding controversy in economics and finance is whether financial markets are governed by rational forces or by emotional responses. We study the importance of emotion in the decision-making process of professional securities traders by measuring their physiological characteristics (e.g., skin conductance, blood volume pulse, etc.) during live trading sessions while simultaneously capturing real-time prices from which market events can be detected. In a sample of 10 traders, we find statistically significant differences in mean electrodermal responses during transient market events relative to no-event control periods, and statistically significant mean changes in cardiovascular variables during periods of heightened market volatility relative to normal-volatility control periods. We also observe significant differences in these physiological responses across the 10 traders that may be systematically related to the traders' levels of experience.

Trading experience modulates anterior insula to reduce the endowment effect.

PubMed

Tong, Lester C P; Ye, Karen J; Asai, Kentaro; Ertac, Seda; List, John A; Nusbaum, Howard C; Hortaçsu, Ali

2016-08-16

People often demand a greater price when selling goods that they own than they would pay to purchase the same goods-a well-known economic bias called the endowment effect. The endowment effect has been found to be muted among experienced traders, but little is known about how trading experience reduces the endowment effect. We show that when selling, experienced traders exhibit lower right anterior insula activity, but no differences in nucleus accumbens or orbitofrontal activation, compared with inexperienced traders. Furthermore, insula activation mediates the effect of experience on the endowment effect. Similar results are obtained for inexperienced traders who are incentivized to gain trading experience. This finding indicates that frequent trading likely mitigates the endowment effect indirectly by modifying negative affective responses in the context of selling.

Traders' behavioral coupling and market phase transition

NASA Astrophysics Data System (ADS)

Ma, Rong; Zhang, Yin; Li, Honggang

2017-11-01

Traditional economic theory is based on the assumption that traders are completely independent and rational; however, trading behavior in the real market is often coupled by various factors. This paper discusses behavioral coupling based on the stock index in the stock market, focusing on the convergence of traders' behavior, its effect on the correlation of stock returns and market volatility. We find that the behavioral consensus in the stock market, the correlation degree of stock returns, and the market volatility all exhibit significant phase transitions with stronger coupling.

Analysis of the supply chain and conservation status of sharks (Elasmobranchii: Superorder Selachimorpha) based on fisher knowledge.

PubMed

Martins, Ana Paula Barbosa; Feitosa, Leonardo Manir; Lessa, Rosangela Paula; Almeida, Zafira Silva; Heupel, Michelle; Silva, Wagner Macedo; Tchaicka, Ligia; Nunes, Jorge Luiz Silva

2018-01-01

Increasing fishing effort has caused declines in shark populations worldwide. Understanding biological and ecological characteristics of sharks is essential to effectively implement management measures, but to fully understand drivers of fishing pressure social factors must be considered through multidisciplinary and integrated approaches. The present study aimed to use fisher and trader knowledge to describe the shark catch and product supply chain in Northeastern Brazil, and evaluate perceptions regarding the regional conservation status of shark species. Non-systematic observations and structured individual interviews were conducted with experienced fishers and traders. The demand and economic value of shark fins has reportedly decreased over the last 10 years while the shark meat trade has increased slightly, including a small increase in the average price per kilogram of meat. Several threatened shark species were reportedly often captured off shore and traded at local markets. This reported and observed harvest breaches current Brazilian environmental laws. Fishing communities are aware of population declines of several shark species, but rarely take action to avoid capture of sharks. The continuing capture of sharks is mainly due to a lack of knowledge of environmental laws, lack of enforcement by responsible authorities, and difficulties encountered by fishers in finding alternative income streams. National and regional conservation measures are immediately required to reduce overfishing on shark populations in Northeastern Brazil. Social and economic improvements for poor fishing communities must also be implemented to achieve sustainable fisheries.

Analysis of the supply chain and conservation status of sharks (Elasmobranchii: Superorder Selachimorpha) based on fisher knowledge

PubMed Central

Almeida, Zafira Silva; Heupel, Michelle; Silva, Wagner Macedo; Tchaicka, Ligia

2018-01-01

Increasing fishing effort has caused declines in shark populations worldwide. Understanding biological and ecological characteristics of sharks is essential to effectively implement management measures, but to fully understand drivers of fishing pressure social factors must be considered through multidisciplinary and integrated approaches. The present study aimed to use fisher and trader knowledge to describe the shark catch and product supply chain in Northeastern Brazil, and evaluate perceptions regarding the regional conservation status of shark species. Non-systematic observations and structured individual interviews were conducted with experienced fishers and traders. The demand and economic value of shark fins has reportedly decreased over the last 10 years while the shark meat trade has increased slightly, including a small increase in the average price per kilogram of meat. Several threatened shark species were reportedly often captured off shore and traded at local markets. This reported and observed harvest breaches current Brazilian environmental laws. Fishing communities are aware of population declines of several shark species, but rarely take action to avoid capture of sharks. The continuing capture of sharks is mainly due to a lack of knowledge of environmental laws, lack of enforcement by responsible authorities, and difficulties encountered by fishers in finding alternative income streams. National and regional conservation measures are immediately required to reduce overfishing on shark populations in Northeastern Brazil. Social and economic improvements for poor fishing communities must also be implemented to achieve sustainable fisheries. PMID:29534100

Clean air, clear market. Making emissions trading work: The role of a computer-assisted auction

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bartels, C.W.; Marron, D.B.; Lipsky, M.I.

1993-06-15

Creating a new commodity presents the chance to develop new markets in which to trade it. In many cases, existing markets can be adapted easily; in other cases it proves worthwhile to develop new forms that reflect special characteristics of the commodity and those who trade it. In the case of the sulfur dioxide (SO[sub 2]) emission allowances created by the Clean Air Act Amendments of 1990, a number of standard market forms already have been adopted. While these will prove useful for handling some transactions, a new Market Clearing Auction (MCA) offers buyers and sellers a centralized marketplace formore » trading SO[sub 2] emission allowances. The MCA, which was developed by the brokerage firm Cantor Fitzgerald, is a computer-assisted [open quotes]smart[close quotes] auction designed to replicate the outcome of an efficient market in emission allowances, and accepts bids and offers for any possible combination of allowances. Orders can be submitted for streams of allowances. Orders can be submitted for streams of allowances covering more than one year. The auction then determines the combination of bids and offers that maximizes the gains from trades in the market, and establishes uniform market clearing prices for each allowance issue (1995, 1996, and so on). Once executed, trades are settled on a cash-forward basis; that is, allowances are delivered and payments are made at future dates.« less

Foraging under conditions of short-term exploitative competition: the case of stock traders

PubMed Central

Saavedra, Serguei; Malmgren, R. Dean; Switanek, Nicholas; Uzzi, Brian

2013-01-01

Theory purports that animal foraging choices evolve to maximize returns, such as net energy intake. Empirical research in both human and non-human animals reveals that individuals often attend to the foraging choices of their competitors while making their own foraging choices. Owing to the complications of gathering field data or constructing experiments, however, broad facts relating theoretically optimal and empirically realized foraging choices are only now emerging. Here, we analyse foraging choices of a cohort of professional day traders who must choose between trading the same stock multiple times in a row—patch exploitation—or switching to a different stock—patch exploration—with potentially higher returns. We measure the difference between a trader's resource intake and the competitors' expected intake within a short period of time—a difference we call short-term comparative returns. We find that traders' choices can be explained by foraging heuristics that maximize their daily short-term comparative returns. However, we find no one-best relationship between different trading choices and net income intake. This suggests that traders' choices can be short-term win oriented and, paradoxically, maybe maladaptive for absolute market returns. PMID:23363635

Foraging under conditions of short-term exploitative competition: the case of stock traders.

PubMed

Saavedra, Serguei; Malmgren, R Dean; Switanek, Nicholas; Uzzi, Brian

2013-03-22

Theory purports that animal foraging choices evolve to maximize returns, such as net energy intake. Empirical research in both human and non-human animals reveals that individuals often attend to the foraging choices of their competitors while making their own foraging choices. Owing to the complications of gathering field data or constructing experiments, however, broad facts relating theoretically optimal and empirically realized foraging choices are only now emerging. Here, we analyse foraging choices of a cohort of professional day traders who must choose between trading the same stock multiple times in a row--patch exploitation--or switching to a different stock--patch exploration--with potentially higher returns. We measure the difference between a trader's resource intake and the competitors' expected intake within a short period of time--a difference we call short-term comparative returns. We find that traders' choices can be explained by foraging heuristics that maximize their daily short-term comparative returns. However, we find no one-best relationship between different trading choices and net income intake. This suggests that traders' choices can be short-term win oriented and, paradoxically, maybe maladaptive for absolute market returns.

17 CFR 1.66 - No-action positions with respect to floor traders.

Code of Federal Regulations, 2010 CFR

2010-04-01

..., in light of the Congressional mandate requiring registration of floor traders under the Act, the... granted or denied registration under the Act, or on June 11, 1993, whichever comes earliest: Provided...

17 CFR 1.66 - No-action positions with respect to floor traders.

Code of Federal Regulations, 2011 CFR

2011-04-01

..., in light of the Congressional mandate requiring registration of floor traders under the Act, the... granted or denied registration under the Act, or on June 11, 1993, whichever comes earliest: Provided...

Impact of foot-and-mouth disease on pork and chicken prices in Central Luzon, Philippines.

PubMed

Abao, Lary Nel B; Kono, Hiroichi; Gunarathne, Anoma; Promentilla, Rolando R; Gaerlan, Manolita Z

2014-03-01

Central Luzon is the number one pig-producing region in the Philippines and was affected by Foot-and-Mouth disease (FMD) in 1995. In this paper, the impact of FMD on the Central Luzon meat market from 1995 to 1999 was examined. Employing the error correction model (ECM) and historical decomposition, the impact of FMD on the Central Luzon pork and chicken meat market was quantified. The following findings were observed: (a) pig farm and pork wholesale prices dropped 11.8% and 15.7%, respectively, after the initial FMD outbreaks in January, 1995; (b) in February, 1995, chicken farm and wholesale prices declined by 21.1% and 14.2%, respectively (while chicken retail prices also went down by 10.5%); (c) the margins of pig and chicken traders were also adversely affected at some point; and (d) FMD caused changes of dynamic interdependence among prices by meat type at different levels of the meat supply chain. This study makes several contributions to the literature on the impact of FMD outbreaks. This study is the first that simultaneously investigates the impact of FMD outbreaks on meat prices, price margins along the supply chain, and price interdependence in the meat system in Central Luzon, Philippines. Also, the Philippine pork industry is dominated by backyard farmers rather than the predominantly large commercial pig farmers existing in developed countries. Secondly, it yielded the novel finding of price decline in both pig and chicken prices as a result of the FMD outbreaks. And lastly, the study showed that the profit margins of the pig traders, pork traders, chicken traders and chicken meat traders were also negatively affected by the FMD outbreaks in January 1995. However, over the long term, the price margins of pork traders were more severely affected in contrast to that of the other traders' profits. Copyright © 2013 Elsevier B.V. All rights reserved.

Turnover, account value and diversification of real traders: evidence of collective portfolio optimizing behavior

NASA Astrophysics Data System (ADS)

Morton de Lachapelle, David; Challet, Damien

2010-07-01

Despite the availability of very detailed data on financial markets, agent-based modeling is hindered by the lack of information about real trader behavior. This makes it impossible to validate agent-based models, which are thus reverse-engineering attempts. This work is a contribution towards building a set of stylized facts about the traders themselves. Using the client database of Swissquote Bank SA, the largest online Swiss broker, we find empirical relationships between turnover, account values and the number of assets in which a trader is invested. A theory based on simple mean-variance portfolio optimization that crucially includes variable transaction costs is able to reproduce faithfully the observed behaviors. We finally argue that our results bring to light the collective ability of a population to construct a mean-variance portfolio that takes into account the structure of transaction costs.

A quantitative description for efficient financial markets

NASA Astrophysics Data System (ADS)

Immonen, Eero

2015-09-01

In this article we develop a control system model for describing efficient financial markets. We define the efficiency of a financial market in quantitative terms by robust asymptotic price-value equality in this model. By invoking the Internal Model Principle of robust output regulation theory we then show that under No Bubble Conditions, in the proposed model, the market is efficient if and only if the following conditions hold true: (1) the traders, as a group, can identify any mispricing in asset value (even if no one single trader can do it accurately), and (2) the traders, as a group, incorporate an internal model of the value process (again, even if no one single trader knows it). This main result of the article, which deliberately avoids the requirement for investor rationality, demonstrates, in quantitative terms, that the more transparent the markets are, the more efficient they are. An extensive example is provided to illustrate the theoretical development.

The value of information in a multi-agent market model. The luck of the uninformed

NASA Astrophysics Data System (ADS)

Tóth, B.; Scalas, E.; Huber, J.; Kirchler, M.

2007-01-01

We present an experimental and simulated model of a multi-agent stock market driven by a double auction order matching mechanism. Studying the effect of cumulative information on the performance of traders, we find a non monotonic relationship of net returns of traders as a function of information levels, both in the experiments and in the simulations. Particularly, averagely informed traders perform worse than the non informed and only traders with high levels of information (insiders) are able to beat the market. The simulations and the experiments reproduce many stylized facts of tick-by-tick stock-exchange data, such as fast decay of autocorrelation of returns, volatility clustering and fat-tailed distribution of returns. These results have an important message for everyday life. They can give a possible explanation why, on average, professional fund managers perform worse than the market index.

Understanding the poultry trade network in Kenya: Implications for regional disease prevention and control.

PubMed

McCarron, Margaret; Munyua, Peninah; Cheng, Po-Yung; Manga, Thomas; Wanjohi, Cathryn; Moen, Ann; Mounts, Anthony; Katz, Mark A

2015-07-01

Infectious diseases in poultry can spread quickly and lead to huge economic losses. In the past decade, on multiple continents, the accelerated spread of highly pathogenic avian Influenza A (H5N1) virus, often through informal trade networks, has led to the death and culling of hundreds of millions of poultry. Endemic poultry diseases like Newcastle disease and fowl typhoid can also be devastating in many parts of the world. Understanding trade networks in unregulated systems can inform policy decisions concerning disease prevention and containment. From June to December 2008 we conducted a cross-sectional survey of backyard farmers, market traders, and middlemen in 5/8 provinces in Kenya. We administered a standardized questionnaire to each type of actor using convenience, random, snowball, and systematic sampling. Questionnaires addressed frequency, volume, and geography of trade, as well as biosecurity practices. We created a network diagram identifying the most important locations for trade. Of 380 respondents, 51% were backyard farmers, 24% were middlemen and 25% were market traders. Half (50%) of backyard farmers said they raised poultry both for household consumption and for sale. Compared to market traders, middlemen bought their poultry from a greater number of villages (median 4.2 villages for middlemen vs. 1.9 for market traders). Traders were most likely to purchase poultry from backyard farmers. Of the backyard farmers who sold poultry, 51% [CI 40-63] reported selling poultry to market traders, and 54% [CI 44-63] sold to middlemen. Middlemen moved the largest volume of poultry on a weekly basis (median purchases: 187 birds/week [IQR 206]; median sales: 188 birds/week [IQR 412.5]). The highest numbers of birds were traded in Nairobi - Kenya's capital city. Nairobi was the most prominent trading node in the network (61 degrees of centrality). Many smaller sub-networks existed as a result of clustered local trade. Market traders were also integral to the network. The informal poultry trade in Kenya is dependent on the sale of backyard poultry to middlemen and market traders. These two actors play a critical role in poultry movement in Kenya; during any type of disease outbreak middlemen should be targeted for control- and containment-related interventions. Published by Elsevier B.V.

77 FR 39768 - Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of Filing of Proposed Rule Changes To...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-07-05

... referred to as well as ``pinging''). Professional traders, in particular, are more apt to submit, and often... attributable to professional traders. Indeed, we believe potential liquidity providers would be more apt to...

Uncertainty about fundamentals and herding behavior in the FOREX market

NASA Astrophysics Data System (ADS)

Kaltwasser, Pablo Rovira

2010-03-01

It is traditionally assumed in finance models that the fundamental value of assets is known with certainty. Although this is an appealing simplifying assumption it is by no means based on empirical evidence. A simple heterogeneous agent model of the exchange rate is presented. In the model, traders do not observe the true underlying fundamental exchange rate and as a consequence they base their trades on beliefs about this variable. Despite the fact that only fundamentalist traders operate in the market, the model belongs to the heterogeneous agent literature, as traders have different beliefs about the fundamental rate.

Prevalence of cardiovascular risk factors amongst traders in an urban market in Lagos, Nigeria.

PubMed

Odugbemi, T O; Onajole, A T; Osibogun, A O

2012-03-01

A descriptive cross-sectional study was carried out to determine the prevalence of cardiovascular risk factors amongst traders in an urban market in Lagos State. Tejuosho market, one of the large popular markets was selected from a list of markets that met the inclusion criteria of being major markets dealing in general goods using a simple random sampling technique by balloting. Four hundred (400) traders were selected using a systematic random sampling. Each trader was interviewed with a well-structured questionnaire and had blood pressure and anthropometric measurements (height, weight and body mass index). Female traders made up (74.3%) 297 of the total population. The mean age was 45.48+11.88 and 42.29+10.96 years for males and females respectively. Majority 239 (59.8%) fell within the age range of 35 - 55 years. The cardiovascular risk factors identified and their prevalence rates were hypertension (34.8%), physical inactivity (92%), previously diagnosed diabetes mellitus (0.8%), risky alcohol consumption (1%), cigarette smoking (0.3%) in females and (17.5%) in males, obesity (12.3%) and overweight (39.9%). The study recommended that any health promoting, preventive or intervention programme for this population would have to be worked into their market activities if it is to make an impact.

75 FR 21455 - Large Trader Reporting System

Federal Register 2010, 2011, 2012, 2013, 2014

2010-04-23

... traders to identify themselves to the Commission and make certain disclosures to the Commission on.... All comments received will be posted without change; the Commission does not edit personal identifying..., though self-regulatory organization (``SRO'') audit trails provide a time-sequenced report of broker...

DOE Office of Scientific and Technical Information (OSTI.GOV)

Miley, G.H.

Remarks made in the author{close_quote}s acceptance lecture for the 1995 Edward Teller Medal are presented and expanded. Topics covered include research on nuclear-pumped lasers, the first direct e-beam-pumped laser, direct energy conversion and advanced fuel fusion, plus recent work on inertial electrostatic confinement. {open_quote}{open_quote}Patience{close_quote}{close_quote} and {open_quote}{open_quote}optimism{close_quote}{close_quote} are viewed as essential elements needed by scientists following the {open_quote}{open_quote}zig-zag{close_quote}{close_quote} path to fusion energy production. {copyright} {ital 1996 American Institute of Physics.}

High Mobility and HIV Prevalence among Female Market Traders in East Africa in 2014

PubMed Central

CAMLIN, Carol S.; EL AYADI, Alison M.; KWENA, Zachary A.; MCFARLAND, Willi; JOHNSON, Mallory O.; NEILANDS, Torsten B.; BUKUSI, Elizabeth A.; COHEN, Craig R.

2016-01-01

Background The contribution of women’s mobility to the HIV/AIDS epidemic in Africa is poorly understood, despite women’s high mobility and evidence that it is associated with higher-risk sexual behavior. We sought to measure levels of mobility, HIV prevalence, and related risk behaviors among female traders in Kisumu, Kenya. Methods We used GPS mapping to develop a probability-based sample and recruited 305 female market traders for participation in a survey and voluntary HIV counseling and testing in 2014. We estimated HIV prevalence and fitted logistic regression models to measure associations between mobility, risk behaviors, and HIV infection. Results HIV prevalence was 25.6% (95% CI 21.0–30.8); 11.5% had migrated (changed residence, over county or national boundary) in past year and 39.3% in past five years. Over one-third (38.3%) spent nights away from main residence in past month, with 11.4% spending more than a week away. Multiple partners were reported by 13.1% of women in the last year; 16% of married women reported a concurrent partnership. Mobility was not significantly associated with HIV prevalence, although recent short-term mobility was significantly correlated with higher numbers of sexual partners in the past year. Conclusions Female market traders were highly mobile, and HIV prevalence among traders was higher than in the general population of women of reproductive age in Kisumu (15.3% in 2013), and Nyanza Province, Kenya (16.1% in 2012). High HIV prevalence and risk behavior among women in this study warrant accelerated attention to HIV prevention and care needs of mobile women, including market traders. PMID:27875361

High Mobility and HIV Prevalence Among Female Market Traders in East Africa in 2014.

PubMed

Camlin, Carol S; El Ayadi, Alison M; Kwena, Zachary A; McFarland, Willi; Johnson, Mallory O; Neilands, Torsten B; Bukusi, Elizabeth A; Cohen, Craig R

2017-04-15

The contribution of women's mobility to the HIV/AIDS epidemic in Africa is poorly understood, despite women's high mobility and evidence that it is associated with higher-risk sexual behavior. We sought to measure levels of mobility, HIV prevalence, and related risk behaviors among female traders in Kisumu, Kenya. We used global positioning system mapping to develop a probability-based sample and recruited 305 female market traders for participation in a survey and voluntary HIV counseling and testing in 2014. We estimated HIV prevalence and fitted logistic regression models to measure associations between mobility, risk behaviors, and HIV infection. HIV prevalence was 25.6% (95% confidence interval: 21.0 to 30.8); 11.5% had migrated (changed residence, over county, or national boundary) in the past year and 39.3% in the past 5 years. More than one-third (38.3%) spent nights away from main residence in the past month, with 11.4% spending more than a week away. Multiple partners were reported by 13.1% of women in the last year; 16% of married women reported a concurrent partnership. Mobility was not significantly associated with HIV prevalence, although recent short-term mobility was significantly correlated with higher numbers of sexual partners in the past year. Female market traders were highly mobile, and HIV prevalence among traders was higher than in the general population of women of reproductive age in Kisumu (15.3% in 2013), and Nyanza Province, Kenya (16.1% in 2012). High HIV prevalence and risk behavior among women in this study warrant accelerated attention to HIV prevention and care needs of mobile women, including market traders.

Shift in performance of food safety management systems in supply chains: case of green bean chain in Kenya versus hot pepper chain in Uganda.

PubMed

Nanyunja, Jessica; Jacxsens, Liesbeth; Kirezieva, Klementina; Kaaya, Archileo N; Uyttendaele, Mieke; Luning, Pieternel A

2016-08-01

This study investigates the level of design and operation of food safety management systems (FSMS) of farmers and export traders in Kenya and Uganda. FSMS diagnostic tools developed for the fresh produce chain were used to assess the levels of context riskiness, FSMS activities and system output in primary production (n = 60) and trade (n = 60). High-risk context characteristics combined with basic FSMS are expected to increase the risk on unsafe produce. In Uganda both farmers and export traders of hot peppers operate in a high- to moderate-risk context but have basic FSMS and low systems output. In Kenya, both farmers and export traders of green beans operate in a low- to moderate-risk context. The farmers have average performing FSMS, whereas export trade companies showed more advanced FSMS and system output scores ranging from satisfactory to good. Large retailers supplying the EU premium market play a crucial role in demanding compliance with strict voluntary food safety standards, which was reflected in the more advanced FSMS and good system output in Kenya, especially traders. In Kenya, a clear shift in more fit-for-purpose FSMS and higher system output was noticed between farms and trade companies. In the case of Uganda, traders commonly supply to the less demanding EU wholesale markets such as ethnic specialty shops. They only have to comply with the legal phytosanitary and pesticide residue requirements for export activities, which apparently resulted in basic FSMS and low system output present with both farmers and traders. © 2015 Society of Chemical Industry. © 2015 Society of Chemical Industry.

Politics has strong say in who benefits from oil

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tippee, B.; Beck, R.J.

1995-04-03

Oil`s many values are more visible now than ever. Price information streams from financial and physical commodity markets around the world. A sophisticated array of analytical tools turns price data into nearly real-time indications of what a particular crude or petroleum product is worth to a particular type of trader in a particular market. Value, though, means something beyond price. Economic values ultimately must benefit someone. In a market that gushes price data, it`s much easier to measure oil values than it is to determine who benefits from them. The paper discusses new value gauges, where values flow, the trendmore » toward lower government take upstream, the decade-long trend in the decline of state takes, suppressing prices, political dimensions, the squeeze OPEC feels, taxing products, claim on values, and values in perspective.« less

Additive Transforms Paint into Insulation

NASA Technical Reports Server (NTRS)

2007-01-01

Tech Traders Inc. sought assistance developing low-cost, highly effective coatings and paints that created useful thermal reflectance and were safe and non-toxic. In cooperation with a group of engineers at Kennedy Space Center., Tech Traders created Insuladd, a powder additive made up of microscopic, inert gas-filled, ceramic microspheres that can be mixed into ordinary interior or exterior paint, allowing the paint to act like a layer of insulation. When the paint dries, this forms a radiant heat barrier, turning the ordinary house paint into heat-reflecting thermal paint. According to Tech Traders, the product works with all types of paints and coatings and will not change the coverage rate, application, or adhesion of the paint. Other useful applications include feed storage silos to help prevent feed spoilage, poultry hatcheries to reduce the summer heat and winter cold effects, and on military vehicles and ships. Tech Traders has continued its connection to the aerospace community by recently providing Lockheed Martin Corporation with one of its thermal products for use on the F-22 Raptor.

Modelling financial markets with agents competing on different time scales and with different amount of information

NASA Astrophysics Data System (ADS)

Wohlmuth, Johannes; Andersen, Jørgen Vitting

2006-05-01

We use agent-based models to study the competition among investors who use trading strategies with different amount of information and with different time scales. We find that mixing agents that trade on the same time scale but with different amount of information has a stabilizing impact on the large and extreme fluctuations of the market. Traders with the most information are found to be more likely to arbitrage traders who use less information in the decision making. On the other hand, introducing investors who act on two different time scales has a destabilizing effect on the large and extreme price movements, increasing the volatility of the market. Closeness in time scale used in the decision making is found to facilitate the creation of local trends. The larger the overlap in commonly shared information the more the traders in a mixed system with different time scales are found to profit from the presence of traders acting at another time scale than themselves.

Stochastic cellular automata model for stock market dynamics

NASA Astrophysics Data System (ADS)

Bartolozzi, M.; Thomas, A. W.

2004-04-01

In the present work we introduce a stochastic cellular automata model in order to simulate the dynamics of the stock market. A direct percolation method is used to create a hierarchy of clusters of active traders on a two-dimensional grid. Active traders are characterized by the decision to buy, σi (t)=+1 , or sell, σi (t)=-1 , a stock at a certain discrete time step. The remaining cells are inactive, σi (t)=0 . The trading dynamics is then determined by the stochastic interaction between traders belonging to the same cluster. Extreme, intermittent events, such as crashes or bubbles, are triggered by a phase transition in the state of the bigger clusters present on the grid, where almost all the active traders come to share the same spin orientation. Most of the stylized aspects of the financial market time series, including multifractal proprieties, are reproduced by the model. A direct comparison is made with the daily closures of the S&P500 index.

Neural Correlates of Direct Access Trading in a Real Stock Market: An fMRI Investigation.

PubMed

Raggetti, GianMario; Ceravolo, Maria G; Fattobene, Lucrezia; Di Dio, Cinzia

2017-01-01

Background: While financial decision making has been barely explored, no study has previously investigated the neural correlates of individual decisions made by professional traders involved in real stock market negotiations, using their own financial resources. Aim: We sought to detect how different brain areas are modulated by factors like age, expertise, psychological profile (speculative risk seeking or aversion) and, eventually, size and type (Buy/Sell) of stock negotiations, made through Direct Access Trading (DAT) platforms. Subjects and methods: Twenty male traders underwent fMRI while negotiating in the Italian stock market using their own preferred trading platform. Results: At least 20 decision events were collected during each fMRI session. Risk averse traders performed a lower number of financial transactions with respect to risk seekers, with a lower average economic value, but with a higher rate of filled proposals. Activations were observed in cortical and subcortical areas traditionally involved in decision processes, including the ventrolateral and dorsolateral prefrontal cortex (vlPFC, dlPFC), the posterior parietal cortex (PPC), the nucleus accumbens (NAcc), and dorsal striatum. Regression analysis indicated an important role of age in modulating activation of left NAcc, while traders' expertise was negatively related to activation of vlPFC. High value transactions were associated with a stronger activation of the right PPC when subjects' buy rather than sell. The success of the trading activity, based on a large number of filled transactions, was related with higher activation of vlPFC and dlPFC. Independent of chronological and professional age, traders differed in their attitude to DAT, with distinct brain activity profiles being detectable during fMRI sessions. Those subjects who described themselves as very self-confident, showed a lower or absent activation of both the caudate nucleus and the dlPFC, while more reflexive traders showed greater activation of areas involved in strategic decision making. Discussion: The neural correlates in DAT are similar to those observed in other decision making contexts. Trading is handled as a well-learned automatic behavior by expert traders; for those who mostly rely on heuristics, cognitive effort decreases, and transaction speed increases, but decision efficiency lowers following a poor involvement of the dlPFC.

A model of international financial crises

NASA Astrophysics Data System (ADS)

Kaizoji, Taisei

2001-10-01

This paper proposes a model of international financial crises that is based on the statistical mechanics. In our model the international stock market is composed of two groups of traders mutually influencing each other with respect to their decision behavior, and financial contagion between markets occurs as a result of attempts by traders in the domestic market to imitate the behavior of traders who participate into exchange in a foreign market. This provides a channel through which a crisis in one market such as contemporaneous stock market crashes can be transmitted to other markets. We show that the model can explain the stylized facts characterizing periods of recent international financial crises.

Short-memory traders and their impact on group learning in financial markets

PubMed Central

LeBaron, Blake

2002-01-01

This article highlights several issues from simulating agent-based financial markets. These all center around the issue of learning in a multiagent setting, and specifically the question of whether the trading behavior of short-memory agents could interfere with the learning process of the market as whole. It is shown in a simple example that short-memory traders persist in generating excess volatility and other features common to actual markets. Problems related to short-memory trader behavior can be eliminated by using several different methods. These are discussed along with their relevance to agent-based models in general. PMID:11997443

Engaging Market Traders in Lassa Fever Campaign: Assessment of Knowledge and Risk Behaviour.

PubMed

Tobin, E A; Asogun, D A; Ehidiamen, G; Elugbe, B; Osiemi, B

2015-01-01

Markets provide a forum for reaching a large adult population with information on Lassa fever, and therefore understanding the food handling practices of traders may provide the foundation for an effective campaign against Lassa fever. This study was undertaken to provide baseline information on knowledge and food handling practices of traders in local markets in a Lassa fever endemic state of Nigeria. A structured questionnaire was used to obtain food handling habits that facilitate the transmission of Lassa virus from a cross sectional study involving 385 traders in three major markets in Edo state and data analyzed using SPSS version 15. Two hundred and ninety three (76.1%) had ever heard of Lassa fever, 27 (9.2%) had good knowledge. Good knowledge was significantly associated with higher educational status (p < 0.00) and male gender (p=0.03). Thirty seven (12.6%) respondents sun-dried their food frequently, 105 (35.8%) stored utensils in rodent proof containers, and 136 (46.4%) had the habit of eating garri soaked in water. One hundred and ninety (49.4%) respondents had food hygiene practices that were favorable for spread of Lassa fever. The observed gaps in knowledge of Lassa fever and food hygiene may be addressed through tailored health messages. In this way, market campaigns will be effective in increasing knowledge of Lassa fever, and traders can themselves become peer educators.

Similar solutions for the compressible laminar boundary layer with heat transfer and pressure gradient

NASA Technical Reports Server (NTRS)

Cohen, Clarence B; Reshotko, Eli

1956-01-01

Stewartson's transformation is applied to the laminar compressible boundary-layer equations and the requirement of similarity is introduced, resulting in a set of ordinary nonlinear differential equations previously quoted by Stewartson, but unsolved. The requirements of the system are Prandtl number of 1.0, linear viscosity-temperature relation across the boundary layer, an isothermal surface, and the particular distributions of free-stream velocity consistent with similar solutions. This system admits axial pressure gradients of arbitrary magnitude, heat flux normal to the surface, and arbitrary Mach numbers. The system of differential equations is transformed to integral system, with the velocity ratio as the independent variable. For this system, solutions are found by digital computation for pressure gradients varying from that causing separation to the infinitely favorable gradient and for wall temperatures from absolute zero to twice the free-stream stagnation temperature. Some solutions for separated flows are also presented.

75 FR 27611 - Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-05-17

...) are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates are the... Registered Options Traders (on-floor) and Specialists; (ii) amending the current options transaction charge for Registered Options Traders (on-floor) and Specialists and applying that charge and the options...

25 CFR 140.19 - Drugs.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Drugs. 140.19 Section 140.19 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.19 Drugs. Traders shall not keep for sale, or sell, give away, or use any opium, chloral, cocaine, peyote or mescal bean...

25 CFR 140.19 - Drugs.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 25 Indians 1 2013-04-01 2013-04-01 false Drugs. 140.19 Section 140.19 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.19 Drugs. Traders shall not keep for sale, or sell, give away, or use any opium, chloral, cocaine, peyote or mescal bean...

25 CFR 140.19 - Drugs.

Code of Federal Regulations, 2012 CFR

2012-04-01

... 25 Indians 1 2012-04-01 2011-04-01 true Drugs. 140.19 Section 140.19 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.19 Drugs. Traders shall not keep for sale, or sell, give away, or use any opium, chloral, cocaine, peyote or mescal bean...

25 CFR 140.19 - Drugs.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 25 Indians 1 2011-04-01 2011-04-01 false Drugs. 140.19 Section 140.19 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.19 Drugs. Traders shall not keep for sale, or sell, give away, or use any opium, chloral, cocaine, peyote or mescal bean...

25 CFR 140.19 - Drugs.

Code of Federal Regulations, 2014 CFR

2014-04-01

... 25 Indians 1 2014-04-01 2014-04-01 false Drugs. 140.19 Section 140.19 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.19 Drugs. Traders shall not keep for sale, or sell, give away, or use any opium, chloral, cocaine, peyote or mescal bean...

25 CFR 140.21 - Gambling.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 25 Indians 1 2011-04-01 2011-04-01 false Gambling. 140.21 Section 140.21 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.21 Gambling. Gambling, by dice, cards, or in any way whatever, is strictly prohibited in any licensed trader's store or...

25 CFR 140.25 - Trade in antiquities prohibited.

Code of Federal Regulations, 2012 CFR

2012-04-01

... 25 Indians 1 2012-04-01 2011-04-01 true Trade in antiquities prohibited. 140.25 Section 140.25 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.25 Trade in antiquities prohibited. Traders shall not deal in objects of antiquity removed from...

25 CFR 140.25 - Trade in antiquities prohibited.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 25 Indians 1 2011-04-01 2011-04-01 false Trade in antiquities prohibited. 140.25 Section 140.25 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.25 Trade in antiquities prohibited. Traders shall not deal in objects of antiquity removed from...

25 CFR 140.25 - Trade in antiquities prohibited.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Trade in antiquities prohibited. 140.25 Section 140.25 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.25 Trade in antiquities prohibited. Traders shall not deal in objects of antiquity removed from...

25 CFR 140.25 - Trade in antiquities prohibited.

Code of Federal Regulations, 2014 CFR

2014-04-01

... 25 Indians 1 2014-04-01 2014-04-01 false Trade in antiquities prohibited. 140.25 Section 140.25 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.25 Trade in antiquities prohibited. Traders shall not deal in objects of antiquity removed from...

25 CFR 140.21 - Gambling.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Gambling. 140.21 Section 140.21 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.21 Gambling. Gambling, by dice, cards, or in any way whatever, is strictly prohibited in any licensed trader's store or...

25 CFR 140.21 - Gambling.

Code of Federal Regulations, 2014 CFR

2014-04-01

... 25 Indians 1 2014-04-01 2014-04-01 false Gambling. 140.21 Section 140.21 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.21 Gambling. Gambling, by dice, cards, or in any way whatever, is strictly prohibited in any licensed trader's store or...

25 CFR 140.21 - Gambling.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 25 Indians 1 2013-04-01 2013-04-01 false Gambling. 140.21 Section 140.21 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.21 Gambling. Gambling, by dice, cards, or in any way whatever, is strictly prohibited in any licensed trader's store or...

25 CFR 140.21 - Gambling.

Code of Federal Regulations, 2012 CFR

2012-04-01

... 25 Indians 1 2012-04-01 2011-04-01 true Gambling. 140.21 Section 140.21 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.21 Gambling. Gambling, by dice, cards, or in any way whatever, is strictly prohibited in any licensed trader's store or...

17 CFR 18.04 - Statement of reporting trader.

Code of Federal Regulations, 2012 CFR

2012-04-01

... the reduction of risks in the conduct and management of a commercial enterprise: (i) Commercial... appropriate to the reduction of risks in the conduct and management of a commercial enterprise: (i) Commercial... corporation or type of trader other than an individual, partnership, or joint tenant. (a) Information to be...

17 CFR 18.04 - Statement of reporting trader.

Code of Federal Regulations, 2013 CFR

2013-04-01

... the reduction of risks in the conduct and management of a commercial enterprise: (i) Commercial... appropriate to the reduction of risks in the conduct and management of a commercial enterprise: (i) Commercial... corporation or type of trader other than an individual, partnership, or joint tenant. (a) Information to be...

17 CFR 15.02 - Reporting forms.

Code of Federal Regulations, 2010 CFR

2010-04-01

... Special Accounts 17.00 102 Identification of Special Accounts 17.01 204 Cash Positions of Grain Traders (including Oilseeds and Products) 19.00 304 Cash Positions of Cotton Traders 19.00 (Approved by the Office of Management and Budget under control numbers 3038-0007 and 3038-0009) [69 FR 76397, Dec. 21, 2004] ...

Heinrich-type glacial surges in a low-order dynamical climate model

DOE Office of Scientific and Technical Information (OSTI.GOV)

Verbitsky, M.; Saltzman, B.

1994-07-01

Recent studies suggest the occurrence of sporadic episodes during which the ice streams that discharge ice sheets become enormously active, producing large numbers of icebergs (reflected in North Atlantic sea cores as {open_quotes}Heinrich events{close_quotes}) and possibly causing the partial collapse of the ice sheets. To simulate the mechanism of implied internal thermo-hydrodynamical instability in the context of a more general paleoclimate dynamics model (PDM), a new sliding-catastrophe function that can account for ice-sheet surges in terms of the thickness, density, viscosity, heat-capacity. and heat-conductivity of ice is introduced. Analysis suggests these events might be of three possible kinds: the firstmore » occurs in periods of glacial maximum when temperature conditions on the ice surface are extremely cold, but internal friction within bottom boundary layer is also at its maximum and is strong enough to melt ice and cause its surge. The second may happen during an interglacial, when the ice thickness is small but relatively warm climate conditions on the upper surface of ice can be easily advected with the flow of ice to the bottom where even a small additional heating due to friction may cause melting. The third and, perhaps, most interesting type is one that may occur during ice sheet growth: in this period particles of ice reaching the bottom {open_quotes}remember{close_quotes} the warm temperature conditions of the previous interglacial and additional heating due to increasing friction associated with the growing ice sheet may again cause melting. This third introduces the interesting possibility that earlier CO{sub 2} concentrations may be as important for the present-day climate as its current value. According to our model the climate system seems more vulnerable to surges during the penultimate interglacial period than in present one contributing to an explanation of the recent results of the Greenland Ice Core Project. 18 refs., 3 figs., 1 tab.« less

Optimal execution with price impact under Cumulative Prospect Theory

NASA Astrophysics Data System (ADS)

Zhao, Jingdong; Zhu, Hongliang; Li, Xindan

2018-01-01

Optimal execution of a stock (or portfolio) has been widely studied in academia and in practice over the past decade, and minimizing transaction costs is a critical point. However, few researchers consider the psychological factors for the traders. What are traders truly concerned with - buying low in the paper accounts or buying lower compared to others? We consider the optimal trading strategies in terms of the price impact and Cumulative Prospect Theory and identify some specific properties. Our analyses indicate that a large proportion of the execution volume is distributed at both ends of the transaction time. But the trader's optimal strategies may not be implemented at the same transaction size and speed in different market environments.

25 CFR 140.17 - Tobacco sales to minors.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 25 Indians 1 2013-04-01 2013-04-01 false Tobacco sales to minors. 140.17 Section 140.17 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.17 Tobacco sales to minors. No trader shall sell tobacco, cigars, or cigarettes to any Indian under...

25 CFR 140.17 - Tobacco sales to minors.

Code of Federal Regulations, 2014 CFR

2014-04-01

... 25 Indians 1 2014-04-01 2014-04-01 false Tobacco sales to minors. 140.17 Section 140.17 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.17 Tobacco sales to minors. No trader shall sell tobacco, cigars, or cigarettes to any Indian under...

78 FR 47479 - 30-Day Notice of Proposed Information Collection: Nonimmigrant Treaty Trader/Investor Application

Federal Register 2010, 2011, 2012, 2013, 2014

2013-08-05

...: Nonimmigrant Treaty Trader/Investor Application ACTION: Notice of request for public comment and submission to.../Investor Application OMB Control Number: OMB-1405-0101 Type of Request: Extension of a Currently Approved... Investor Estimated Number of Respondents: 41,752 Estimated Number of Responses: 41,752 Average Time per...

25 CFR 140.24 - Cash payments only to Indians.

Code of Federal Regulations, 2012 CFR

2012-04-01

... 25 Indians 1 2012-04-01 2011-04-01 true Cash payments only to Indians. 140.24 Section 140.24 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.24 Cash payments only to Indians. Traders must not pay Indians in tokens, tickets, store orders...

25 CFR 140.24 - Cash payments only to Indians.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Cash payments only to Indians. 140.24 Section 140.24 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.24 Cash payments only to Indians. Traders must not pay Indians in tokens, tickets, store orders...

25 CFR 140.24 - Cash payments only to Indians.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 25 Indians 1 2011-04-01 2011-04-01 false Cash payments only to Indians. 140.24 Section 140.24 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.24 Cash payments only to Indians. Traders must not pay Indians in tokens, tickets, store orders...

25 CFR 140.24 - Cash payments only to Indians.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 25 Indians 1 2013-04-01 2013-04-01 false Cash payments only to Indians. 140.24 Section 140.24 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.24 Cash payments only to Indians. Traders must not pay Indians in tokens, tickets, store orders...

77 FR 13162 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-03-05

... (``PFOF'') program that helps its Specialists \\5\\ and Directed Registered Options Traders [[Page 13163... flow provider directing some or all of its order flow to that Specialist or Directed ROT. This program is funded through fees paid by Registered Options Traders (``ROTs''), Specialists and Directed ROTs...

76 FR 41853 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-07-15

... regulatory efforts and competitive pricing pressures. The Exchange proposes to increase both its SRO and DEA... lower total registration fees for off-Exchange traders to respond to competitive pressures. The Exchange... Exchange to respond to competitive pressures by lowering trader fees for all off-Exchange proprietary...

25 CFR 140.17 - Tobacco sales to minors.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Tobacco sales to minors. 140.17 Section 140.17 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.17 Tobacco sales to minors. No trader shall sell tobacco, cigars, or cigarettes to any Indian under...

25 CFR 140.17 - Tobacco sales to minors.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 25 Indians 1 2011-04-01 2011-04-01 false Tobacco sales to minors. 140.17 Section 140.17 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.17 Tobacco sales to minors. No trader shall sell tobacco, cigars, or cigarettes to any Indian under...

17 CFR 18.05 - Maintenance of books and records.

Code of Federal Regulations, 2012 CFR

2012-04-01

... 17 Commodity and Securities Exchanges 1 2012-04-01 2012-04-01 false Maintenance of books and... REPORTS BY TRADERS § 18.05 Maintenance of books and records. (a) Every trader who holds or controls a reportable futures or option position shall keep books and records showing all details concerning all...

17 CFR 18.05 - Maintenance of books and records.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 17 Commodity and Securities Exchanges 1 2011-04-01 2011-04-01 false Maintenance of books and... REPORTS BY TRADERS § 18.05 Maintenance of books and records. (a) Every trader who holds or controls a reportable futures or option position shall keep books and records showing all details concerning all...

17 CFR 18.05 - Maintenance of books and records.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 17 Commodity and Securities Exchanges 1 2013-04-01 2013-04-01 false Maintenance of books and... REPORTS BY TRADERS § 18.05 Maintenance of books and records. (a) Every trader who holds or controls a reportable futures or option position shall keep books and records showing all details concerning all...

17 CFR 18.05 - Maintenance of books and records.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Maintenance of books and... REPORTS BY TRADERS § 18.05 Maintenance of books and records. (a) Every trader who holds or controls a reportable futures or option position shall keep books and records showing all details concerning all...

The Traders' Cross: Identifying Traders' Surpluses in the Traditional Edgeworth Exchange Diagram

ERIC Educational Resources Information Center

Beaulier, Scott A.; Prychitko, David L.

2010-01-01

The Edgeworth exchange diagram is a traditional tool of undergraduate microeconomic theory that depicts the mutually beneficial gains from voluntary trade. The authors take the analysis one step further. They identify the buyer's and seller's surpluses that accrue to both trading parties in the Edgeworth diagram. This is a straightforward exercise…

Synchronicity, instant messaging, and performance among financial traders

PubMed Central

Saavedra, Serguei; Hagerty, Kathleen; Uzzi, Brian

2011-01-01

Successful animal systems often manage risk through synchronous behavior that spontaneously arises without leadership. In critical human systems facing risk, such as financial markets or military operations, our understanding of the benefits associated with synchronicity is nascent but promising. Building on previous work illuminating commonalities between ecological and human systems, we compare the activity patterns of individual financial traders with the simultaneous activity of other traders—an individual and spontaneous characteristic we call synchronous trading. Additionally, we examine the association of synchronous trading with individual performance and communication patterns. Analyzing empirical data on day traders’ second-to-second trading and instant messaging, we find that the higher the traders’ synchronous trading is, the less likely they are to lose money at the end of the day. We also find that the daily instant messaging patterns of traders are closely associated with their level of synchronous trading. This result suggests that synchronicity and vanguard technology may help traders cope with risky decisions in complex systems and may furnish unique prospects for achieving collective and individual goals. PMID:21402941

Micro-foundation using percolation theory of the finite time singular behavior of the crash hazard rate in a class of rational expectation bubbles

NASA Astrophysics Data System (ADS)

Seyrich, Maximilian; Sornette, Didier

2016-04-01

We present a plausible micro-founded model for the previously postulated power law finite time singular form of the crash hazard rate in the Johansen-Ledoit-Sornette (JLS) model of rational expectation bubbles. The model is based on a percolation picture of the network of traders and the concept that clusters of connected traders share the same opinion. The key ingredient is the notion that a shift of position from buyer to seller of a sufficiently large group of traders can trigger a crash. This provides a formula to estimate the crash hazard rate by summation over percolation clusters above a minimum size of a power sa (with a>1) of the cluster sizes s, similarly to a generalized percolation susceptibility. The power sa of cluster sizes emerges from the super-linear dependence of group activity as a function of group size, previously documented in the literature. The crash hazard rate exhibits explosive finite time singular behaviors when the control parameter (fraction of occupied sites, or density of traders in the network) approaches the percolation threshold pc. Realistic dynamics are generated by modeling the density of traders on the percolation network by an Ornstein-Uhlenbeck process, whose memory controls the spontaneous excursion of the control parameter close to the critical region of bubble formation. Our numerical simulations recover the main stylized properties of the JLS model with intermittent explosive super-exponential bubbles interrupted by crashes.

Betting and Belief: Modeling the Impact of Prediction Markets on Public Attribution of Climate Change

NASA Astrophysics Data System (ADS)

Gilligan, J. M.; Nay, J. J.; van der Linden, M.

2016-12-01

Despite overwhelming scientific evidence and an almost complete consensus among scientists, a large fraction of the American public is not convinced that global warming is anthropogenic. This doubt correlates strongly with political, ideological, and cultural orientation. [1] It has been proposed that people who do not trust climate scientists tend to trust markets, so prediction markets might be able to influence their beliefs about the causes of climate change. [2] We present results from an agent-based simulation of a prediction market in which traders invest based on their beliefs about what drives global temperature change (here, either CO2 concentration or total solar irradiance (TSI), which is a popular hypothesis among many who doubt the dominant role of CO2). At each time step, traders use historical and observed temperatures and projected future forcings (CO2 or TSI) to update Bayesian posterior probability distributions for future temperatures, conditional on their belief about what drives climate change. Traders then bet on future temperatures by trading in climate futures. Trading proceeds by a continuous double auction. Traders are randomly assigned initial beliefs about climate change, and they have some probability of changing their beliefs to match those of the most successful traders in their social network. We simulate two alternate realities in which the global temperature is controlled either by CO2 or by TSI, with stochastic noise. In both cases traders' beliefs converge, with a large majority reaching agreement on the actual cause of climate change. This convergence is robust, but the speed with which consensus emerges depends on characteristics of the traders' psychology and the structure of the market. Our model can serve as a test-bed for studying how beliefs might evolve under different market structures and different modes of decision-making and belief-change. We will report progress on studying alternate models of belief-change. This work was partially supported by National Science Foundation grants EAR-1416964, EAR-1204685, and IIS-1526860. The model code is available at https://github.com/JohnNay/predMarket [1] A Leiserowitz, E Maibach, & C Roser-Renouf, Global Warming's Six Americas (Yale U., 2009). [2] MP Vandenbergh, KT Raimi, & JM Gilligan. UCLA Law Rev. 61, 1962 (2014).

Neural Correlates of Direct Access Trading in a Real Stock Market: An fMRI Investigation

PubMed Central

Raggetti, GianMario; Ceravolo, Maria G.; Fattobene, Lucrezia; Di Dio, Cinzia

2017-01-01

Background: While financial decision making has been barely explored, no study has previously investigated the neural correlates of individual decisions made by professional traders involved in real stock market negotiations, using their own financial resources. Aim: We sought to detect how different brain areas are modulated by factors like age, expertise, psychological profile (speculative risk seeking or aversion) and, eventually, size and type (Buy/Sell) of stock negotiations, made through Direct Access Trading (DAT) platforms. Subjects and methods: Twenty male traders underwent fMRI while negotiating in the Italian stock market using their own preferred trading platform. Results: At least 20 decision events were collected during each fMRI session. Risk averse traders performed a lower number of financial transactions with respect to risk seekers, with a lower average economic value, but with a higher rate of filled proposals. Activations were observed in cortical and subcortical areas traditionally involved in decision processes, including the ventrolateral and dorsolateral prefrontal cortex (vlPFC, dlPFC), the posterior parietal cortex (PPC), the nucleus accumbens (NAcc), and dorsal striatum. Regression analysis indicated an important role of age in modulating activation of left NAcc, while traders' expertise was negatively related to activation of vlPFC. High value transactions were associated with a stronger activation of the right PPC when subjects' buy rather than sell. The success of the trading activity, based on a large number of filled transactions, was related with higher activation of vlPFC and dlPFC. Independent of chronological and professional age, traders differed in their attitude to DAT, with distinct brain activity profiles being detectable during fMRI sessions. Those subjects who described themselves as very self-confident, showed a lower or absent activation of both the caudate nucleus and the dlPFC, while more reflexive traders showed greater activation of areas involved in strategic decision making. Discussion: The neural correlates in DAT are similar to those observed in other decision making contexts. Trading is handled as a well-learned automatic behavior by expert traders; for those who mostly rely on heuristics, cognitive effort decreases, and transaction speed increases, but decision efficiency lowers following a poor involvement of the dlPFC. PMID:29033782

76 FR 52722 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-08-23

... Principal. \\6\\ The Series 23 is designed to test a candidate's knowledge of the rules and statutory... Series 9/10 examination. CBOE is proposing to limit the time period for which an automatic waiver of the... category are in parentheses): PT--Proprietary Trader (Series 56), CT-- Proprietary Trader Compliance...

77 FR 12345 - Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-02-29

... the public. A securities trader must pass the Series 7 examination and is registered as a General... content outline and the qualification examination, the Series 56, which would be applicable to Proprietary Traders. Certain exchanges have submitted filings to the Commission to utilize the Series 56.\\8\\ The...

Improving Resilience and Self-Esteem among University Students with Entrepreneurship Simulation Board Game

ERIC Educational Resources Information Center

Prihadi, Kususanto; Cheow, Damien Z. Y.; Yong, Jonathan H. E.; Sundrasagran, Megaanesh

2018-01-01

This study aims to evaluate the effect of the frequency of playing a board game that simulates entrepreneurial experience called "Traders" on the university students' resilience and self-esteem. Traders Board Game (TBG) was developed in 2015 with an aim to improve several entrepreneurship skills among young adults, and resilience being…

25 CFR 140.25 - Trade in antiquities prohibited.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 25 Indians 1 2013-04-01 2013-04-01 false Trade in antiquities prohibited. 140.25 Section 140.25 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.25 Trade in antiquities prohibited. Traders shall not deal in objects of antiquity removed from any historic or prehistoric ruin or monumen...

77 FR 1125 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-01-09

... Proposed Rule Change To Modify Fees for the Trading and Compliance Data Package January 3, 2012. Pursuant... reports available to member firms via NasdaqTrader.com Trading and Compliance Data Package under NASDAQ... deletions are in brackets. 7021. NasdaqTrader.com Trading and Compliance Data Package Fee The charge to be...

Supporting Informal Learning by Traders in Investment Banks

ERIC Educational Resources Information Center

Chivers, Geoffrey

2011-01-01

Purpose: The main aims of this paper are to determine the extent to which experienced traders in investment banks based in London are learning by informal methods, which methods are to the fore, and whether HRD staff are providing support for informal learning. It also seeks to find evidence that such investment banks were attempting to become…

Self-consistency in Capital Markets

NASA Astrophysics Data System (ADS)

Benbrahim, Hamid

2013-03-01

Capital Markets are considered, at least in theory, information engines whereby traders contribute to price formation with their diverse perspectives. Regardless whether one believes in efficient market theory on not, actions by individual traders influence prices of securities, which in turn influence actions by other traders. This influence is exerted through a number of mechanisms including portfolio balancing, margin maintenance, trend following, and sentiment. As a result market behaviors emerge from a number of mechanisms ranging from self-consistency due to wisdom of the crowds and self-fulfilling prophecies, to more chaotic behavior resulting from dynamics similar to the three body system, namely the interplay between equities, options, and futures. This talk will address questions and findings regarding the search for self-consistency in capital markets.

Chromogravity explains {open_quotes}strong gravity{close_quotes}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ne`eman, Y.; Sijacki, D.

1993-03-01

In this paper the authors deal with the question of gravitational type interactions in the case of strong interaction phenomena. They present arguments which indicate that it is not necessary to invoke a gravity type interaction into QCD in order to account for observed phenomena. They argue that the gravitational type phenomena discussed in previous work is a manifestation of a class of Feynmann diagrams. These seem to generate an analog to gravity, a J=2 {open_quotes}chromograviton{close_quotes} or {open_quotes}pseudo-graviton{close_quotes} whose action effectively generates Salam`s {open_quotes}Strong Gravity{close_quotes} or {open_quotes}f-gravity{close_quotes}, withthough having to introduce the theory as an additional input.

75 FR 68842 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-11-09

... recording trading by CBSX Traders through CBSX Workstations and trading between CBSX Traders. See Rule 50.1.... See Rules 50.1(f) and 50.3. A ``CBSX Workstation'' means a computer connected to CBSX for the purposes... requires that an exchange have rules that are designed to promote just and equitable principles of trade...

76 FR 5415 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-01-31

... by CBSX Traders through CBSX Workstations and trading between CBSX Traders. See Rule 50.1(a). A... 50.1(f) and 50.3. A ``CBSX Workstation'' means a computer connected to CBSX for the purposes of...(b)(5) of the Act,\\16\\ which requires that an exchange have rules that are designed to promote just...

25 CFR 140.16 - Trade in annuities or gratuities prohibited.

Code of Federal Regulations, 2013 CFR

2013-04-01

... 25 Indians 1 2013-04-01 2013-04-01 false Trade in annuities or gratuities prohibited. 140.16 Section 140.16 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR FINANCIAL ACTIVITIES LICENSED INDIAN TRADERS § 140.16 Trade in annuities or gratuities prohibited. Traders are forbidden to buy, trade for, or have in their possession any annuit...

"Us" and "Them": The Discursive Construction of "the Other" in Greenmarket Square, Cape Town

ERIC Educational Resources Information Center

Dyers, Charlyn; Wankah, Foncha John

2012-01-01

This paper is based on research done on intercultural communication at Greenmarket Square in the heart of Cape Town, South Africa. The Square is well known as a market for informal traders (mainly from other parts of Africa), local people and tourists from all over the world. Using originally collected discursive evidence from market traders, the…

The Dynamics of Avian Influenza: Individual-Based Model with Intervention Strategies in Traditional Trade Networks in Phitsanulok Province, Thailand.

PubMed

Wilasang, Chaiwat; Wiratsudakul, Anuwat; Chadsuthi, Sudarat

2016-01-01

Avian influenza virus subtype H5N1 is endemic to Southeast Asia. In Thailand, avian influenza viruses continue to cause large poultry stock losses. The spread of the disease has a serious impact on poultry production especially among rural households with backyard chickens. The movements and activities of chicken traders result in the spread of the disease through traditional trade networks. In this study, we investigate the dynamics of avian influenza in the traditional trade network in Phitsanulok Province, Thailand. We also propose an individual-based model with intervention strategies to control the spread of the disease. We found that the dynamics of the disease mainly depend on the transmission probability and the virus inactivation period. This study also illustrates the appropriate virus disinfection period and the target for intervention strategies on traditional trade network. The results suggest that good hygiene and cleanliness among household traders and trader of trader areas and ensuring that any equipment used is clean can lead to a decrease in transmission and final epidemic size. These results may be useful to epidemiologists, researchers, and relevant authorities in understanding the spread of avian influenza through traditional trade networks.

A multi-assets artificial stock market with zero-intelligence traders

NASA Astrophysics Data System (ADS)

Ponta, L.; Raberto, M.; Cincotti, S.

2011-01-01

In this paper, a multi-assets artificial financial market populated by zero-intelligence traders with finite financial resources is presented. The market is characterized by different types of stocks representing firms operating in different sectors of the economy. Zero-intelligence traders follow a random allocation strategy which is constrained by finite resources, past market volatility and allocation universe. Within this framework, stock price processes exhibit volatility clustering, fat-tailed distribution of returns and reversion to the mean. Moreover, the cross-correlations between returns of different stocks are studied using methods of random matrix theory. The probability distribution of eigenvalues of the cross-correlation matrix shows the presence of outliers, similar to those recently observed on real data for business sectors. It is worth noting that business sectors have been recovered in our framework without dividends as only consequence of random restrictions on the allocation universe of zero-intelligence traders. Furthermore, in the presence of dividend-paying stocks and in the case of cash inflow added to the market, the artificial stock market points out the same structural results obtained in the simulation without dividends. These results suggest a significative structural influence on statistical properties of multi-assets stock market.

Fish Marketing of Ribbon Fish (Trichiurus sp.) in Nusantara Fishing Port (NFP)at Palabuhanratu, West Java

NASA Astrophysics Data System (ADS)

Bambang, Azis Nur

2018-02-01

The objective of this research is to study the marketing process of ribbon fish (Trichiurus sp.), including the marketing margin, marketing agencies, traders and marketing channels The research was carried out for 3 mo in Nusantara Fishing Port (NFP), Palabuhanratu, Sukabumi, West Java. A case study was used in this research. A purposive sampling method was used to collect data from 55 respondents of fish marketing, consisting of fishermen, agents, traders, and retailers, who were involved in the marketing of ribbon fish in NFP Palabuhanratu. The result of the research showed that ribbon fish production in Palabuhanratu fluctuated from year to year. There are two types of ribbon fish marketing, i.e. type one is from fishermen to retailers, and type two is indirect marketing from fisherman to consumers through intermediate traders (exporters). The greatest marketing margin was obtained from the first type, while the smallest marketing margin was obtained from type two. The form of the market was considered to be oligopsony market. Fisherman's share is greatest in the collectors and the smallest share is on retailers. Marketing process in traders is efficient due to its lowest margin and highest fisherman's share.

Electrodynamical Model of Quasi-Efficient Financial Markets

NASA Astrophysics Data System (ADS)

Ilinski, Kirill N.; Stepanenko, Alexander S.

The modelling of financial markets presents a problem which is both theoretically challenging and practically important. The theoretical aspects concern the issue of market efficiency which may even have political implications [1], whilst the practical side of the problem has clear relevance to portfolio management [2] and derivative pricing [3]. Up till now all market models contain "smart money" traders and "noise" traders whose joint activity constitutes the market [4, 5]. On a short time scale this traditional separation does not seem to be realistic, and is hardly acceptable since all high-frequency market participants are professional traders and cannot be separated into "smart" and "noisy." In this paper we present a "microscopic" model with homogenuous quasi-rational behaviour of traders, aiming to describe short time market behaviour. To construct the model we use an analogy between "screening" in quantum electrodynamics and an equilibration process in a market with temporal mispricing [6, 7]. As a result, we obtain the time-dependent distribution function of the returns which is in quantitative agreement with real market data and obeys the anomalous scaling relations recently reported for both high-frequency exchange rates [8], S&P500 [9] and other stock market indices [10, 11].

Quantum diffusion of prices and profits

NASA Astrophysics Data System (ADS)

Piotrowski, Edward W.; Sładkowski, Jan

2005-01-01

We discuss the time evolution of quotations of stocks and commodities and show that corrections to the orthodox Bachelier model inspired by quantum mechanical time evolution of particles may be important. Our analysis shows that traders tactics can interfere as waves do and trader's strategies can be reproduced from the corresponding Wigner functions. The proposed interpretation of the chaotic movement of market prices imply that the Bachelier behaviour follows from short-time interference of tactics adopted (paths followed) by the rest of the world considered as a single trader and the Ornstein-Uhlenbeck corrections to the Bachelier model should qualitatively matter only for large time scales. The famous smithonian invisible hand is interpreted as a short-time tactics of whole the market considered as a single opponent. We also propose a solution to the currency preference paradox.

Trading in markets with noisy information: an evolutionary analysis

NASA Astrophysics Data System (ADS)

Bloembergen, Daan; Hennes, Daniel; McBurney, Peter; Tuyls, Karl

2015-07-01

We analyse the value of information in a stock market where information can be noisy and costly, using techniques from empirical game theory. Previous work has shown that the value of information follows a J-curve, where averagely informed traders perform below market average, and only insiders prevail. Here we show that both noise and cost can change this picture, in several cases leading to opposite results where insiders perform below market average, and averagely informed traders prevail. Moreover, we investigate the effect of random explorative actions on the market dynamics, showing how these lead to a mix of traders being sustained in equilibrium. These results provide insight into the complexity of real marketplaces, and show under which conditions a broad mix of different trading strategies might be sustainable.

78 FR 37265 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-06-20

... York, commonly known as the ``Blue Room'', and amend NYSE Rule 6A, which defines the terms ``Trading... Traders can only utilize the 18 Broad Street entrance to access the Blue Room. \\5\\ See Securities Exchange... IFUS Traders may, on an as needed basis and only prior to 7 a.m., access the Blue Room via the Exchange...

Crude oil prices: Speculation versus fundamentals

NASA Astrophysics Data System (ADS)

Kolodziej, Marek Krzysztof

Beginning in 2004, the price of crude oil fluctuates rapidly over a wide range. Large and rapid price increases have recessionary consequences and dampen long-term infrastructural investment. I investigate whether price changes are driven by market fundamentals or speculation. With regard to market fundamentals, I revisit econometric evidence for the importance of demand shocks, as proxied by dry maritime cargo rates, on oil prices. When I eliminate transportation costs from both sides of the equation, disaggregate OPEC and non-OPEC production, and allow for more than one cointegrating relation, I find that previous specifications are inconsistent with arguments that demand shocks play an important role. Instead, results confirm the importance of OPEC supply shocks. I investigate two channels by which speculation may affect oil prices; the direct effect of trader behavior and changes in oil from a commodity to a financial asset. With regard to trader behavior, I find evidence that trader positions are required to explain the spread between spot and futures prices of crude oil on the New York Mercantile Exchange. The inclusion of trader positions clarifies the process of equilibrium error correction, such that there is bidirectional causality between prices and trader positions. This creates the possibility of speculative bubbles. With regard to oil as a commodity and/or financial asset, I use a Kalman Filter model to estimate the time-varying partial correlation between returns to investments in equity and oil markets. This correlation changes from negative to positive at the onset of the 2008 financial crisis. The low interest rates used to rescue the economy depress convenience yields, which reduces the benefits of holding oil as a commodity. Instead, oil becomes a financial asset (on net) as the oil market changed from contango to backwardation. Contradicting simple political narratives, my research suggests that both market fundamentals and speculation drive large oil prices. Chinese oil demand is not responsible for large increases in oil prices; nor are they caused by behavioral idiosyncrasies by oil traders. Finally, oil will be treated largely as a financial asset so long as interest rates are held near their all-time lows.

The local knowledge of medicinal plants trader and diversity of medicinal plants in the Kabanjahe traditional market, North Sumatra, Indonesia.

PubMed

Silalahi, Marina; Nisyawati; Walujo, Eko Baroto; Supriatna, Jatna; Mangunwardoyo, Wibowo

2015-12-04

Market is the main place for transactions of medicinal plants and traditional ingredients by local community in the Karo regency, North Sumatra, Indonesia. This is the first study to document the local knowledge of traders on and the diversity of the medicinal plants. The investigation was carried out in the Kabanjahe traditional market, in the Karo regency. The research goal was to reveal the local knowledge, diversity and utilization of medicinal plants, which have been traded in the Kabanjahe traditional market, as a basis for conservation efforts. The study was conducted through ethnobotanical approach using market surveys. All traders of medicinal plants were surveyed applying in-depth interviews and participative observations. Data were analyzed qualitatively using descriptive statistics. The diversity of medicinal plants was expressed in term of the Shannon-Wiener diversity index (H'), whereas the similarity among traders was indicated by Jaccard index (Ji). Traders of medicinal plants stored the simplicia of medicinal plants in chest of drawers, plastic baskets, plastic bags, and in the air by suspending them from the the stall ceilings. We recorded 344 species, 217 genera and 90 families of medicinal plants. Those that were sold mostly belong to Zingeberaceae (20 species), Poaceae (19 species), and Asclepiadaceae (17 species), and the species received high consumers demand, mostly belong to Zingiberaceae, Rutaceae, and Asclepidiaceae. Asclepidiaceae was used to treat diseases like cancer and heart problems. The Shannon-Wiener diversity index of medicinal plants at the Kabanjahe traditional market was high (H'= 5.637). The high Jaccard similarity index (Ji>0.56) suggested that the traders were trading similar species of medicinal plants. Kabanjahe traditional market is the center for the sale of of medicinal plants as traditional ingredients. Several species are well known for their pharmacological properties but others, [such as: Dischidia imbricata (Blume) Steud., Dischidia nummularia R.Br., Hoya macrophylla Blume, and Hoya coriacea Blume] have been used for cancer treatment by local communities, but pharmacologically unknown, hence they are promising candidates for further investigation. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

Engineering change in global climate

DOE Office of Scientific and Technical Information (OSTI.GOV)

Schneider, S.H.

1996-12-31

{open_quotes}With increased public focus on global warming and in the wake of the intense heat waves, drought, fires, and super-hurricanes that occurred in 1988 and 1989, interest in geoengineering has surged,{close_quotes} says Stephen H. Schneider, professor of biological science at Stanford University in Stanford, California. One scheme set forth in a National Research Council report proposes using 16-inch naval guns to fire aerosol shells into the stratosphere in hopes of offsetting {open_quotes}the radiative effects of increasing carbon dioxide,{close_quotes} Schneider says. Schneider, however, would prefer that we {open_quotes}seek measures that can cure our global {open_quote}addiction{close_quote} to polluting practices.{close_quotes} Rather than playingmore » God, he says we should {open_quotes}stick to being human and pursue problem - solving methods currently within our grasp.{close_quotes} Such strategies include efforts to promote energy efficiency and reduce our reliance on automobiles.« less

Action on low immunization uptake.

PubMed

Azubuike, M C; Ehiri, J E

1998-01-01

Despite a number of initiatives and campaigns over the years, immunization coverage in most parts of Nigeria remains low. That low coverage contributes to high morbidity and mortality levels among children. Poor transport, an ineffective cold chain, shortages of trained manpower, and inadequate community support and involvement are some of the factors which explain the underutilization of the immunization service. Aba is a city of approximately 500,000 people in eastern Nigeria in which the majority of inhabitants are traders. Aba's primary health care committee decided that immunization centers should be established in or near main trading areas to accommodate traders who did not want to leave their goods in order to take their children to primary care facilities for immunization. Traders' representatives helped to identify 8 suitable locations for vaccination sites in 3 shopping centers, the local authority provided financial and political support, and the state government gave technical and logistical assistance. The project began in September 1990 and was publicized through the traders' networks, which also helped to mobilize the relevant resources. Since many trading families were reached for the first time at the special centers, immunization coverage improved significantly for the 6 vaccine-preventable childhood diseases. Moreover, the project gave health workers the opportunity to deliver other services and counseling on matters of public health importance.

Second-to-fourth digit ratio predicts success among high-frequency financial traders

PubMed Central

Coates, John M.; Gurnell, Mark; Rustichini, Aldo

2009-01-01

Prenatal androgens have important organizing effects on brain development and future behavior. The second-to-fourth digit length ratio (2D:4D) has been proposed as a marker of these prenatal androgen effects, a relatively longer fourth finger indicating higher prenatal androgen exposure. 2D:4D has been shown to predict success in highly competitive sports. Yet, little is known about the effects of prenatal androgens on an economically influential class of competitive risk taking—trading in the financial world. Here, we report the findings of a study conducted in the City of London in which we sampled 2D:4D from a group of male traders engaged in what is variously called “noise” or “high-frequency” trading. We found that 2D:4D predicted the traders' long-term profitability as well as the number of years they remained in the business. 2D:4D also predicted the sensitivity of their profitability to increases both in circulating testosterone and in market volatility. Our results suggest that prenatal androgens increase risk preferences and promote more rapid visuomotor scanning and physical reflexes. The success and longevity of traders exposed to high levels of prenatal androgens further suggests that financial markets may select for biological traits rather than rational expectations. PMID:19139402

Second-to-fourth digit ratio predicts success among high-frequency financial traders.

PubMed

Coates, John M; Gurnell, Mark; Rustichini, Aldo

2009-01-13

Prenatal androgens have important organizing effects on brain development and future behavior. The second-to-fourth digit length ratio (2D:4D) has been proposed as a marker of these prenatal androgen effects, a relatively longer fourth finger indicating higher prenatal androgen exposure. 2D:4D has been shown to predict success in highly competitive sports. Yet, little is known about the effects of prenatal androgens on an economically influential class of competitive risk taking-trading in the financial world. Here, we report the findings of a study conducted in the City of London in which we sampled 2D:4D from a group of male traders engaged in what is variously called "noise" or "high-frequency" trading. We found that 2D:4D predicted the traders' long-term profitability as well as the number of years they remained in the business. 2D:4D also predicted the sensitivity of their profitability to increases both in circulating testosterone and in market volatility. Our results suggest that prenatal androgens increase risk preferences and promote more rapid visuomotor scanning and physical reflexes. The success and longevity of traders exposed to high levels of prenatal androgens further suggests that financial markets may select for biological traits rather than rational expectations.

Depostional systems, provenance, and sequence stratigraphy, Carter and [open quotes]Millerella[close quotes] sandstones of northeast Mississippi

DOE Office of Scientific and Technical Information (OSTI.GOV)

Cleaves, A.W. II

1993-09-01

The subsurface [open quotes]Millerella[close quotes] and Carter sandstones (middle Chesterian) of the Black Warrior basin represent the highest units of the thick Muldon clastics deltaic facies tract. Lowstand marine conditions during Carter deposition allowed for southeastwardly progradation of five distinct deltaic lobe complexes onto the stable northern shelf of the basin. With each of these lobes, both an [open quotes]A[close quotes] (upper) and a [open quotes]B[close quotes] (lower) reservoir unit can be identified. The [open quotes]B[close quotes] sandstone produces from delta-front sheet sands, channel-mouth bars, and possible bar fingers of river-dominated deltas. The more prolific [open quotes]A[close quotes] subdivision containsmore » reservoirs in upper delta-plain point bars, crevasse splays, and distributary channel fills. The most easterly of the lobes, preserved in the Bean's Ferry field of Itawamba County, comprises an amalgamated valley-fill facies that removed a maximum of 250 ft (76 m) of lower Bangor platform carbonates. In contrast, the [open quotes]Millerella[close quotes] sandstone is a series of unconnected pods that formed as marine-reworked sand bodies during a eustatic rise in sea level. The average detrital sand grain composition for four cores taken in Monroe County is 94.7% monocrystalline quartz, 2.9% polycrystalline quartz, 1.6% albite feldspar, 0.1% low-rank metamorphic rock fragments, 0.5 chert, and 0.2% muscovite. These data indicate that neither the Ozark uplift nor the Ouachita orogen could have acted as the principal source area for the Carter and [open quotes]Millerella[close quotes] sandstones. More likely, the sedimentary-igneous terrains along the northern margin of the Illinois basin served this function. A major eustatic lowstand brought this mineralogically mature sediment across the Illinois basin through incised valleys to the northern self of the Black Warrior basin.« less

Prediction Markets: A Review with an Experimentally Based Recommendation for Navy Force-shaping Application

DTIC Science & Technology

2009-12-01

participation problem in which rational traders have no further incentive or desire to trade once they already have hedged their bets (Hanson, 2003...traders who already have hedged their bets in other markets (Abramowicz, 2003, p. 24). A thin market generally leads to comparatively large price...prices. Contract prices should be set at a reasonable level to ensure there is not an overwhelming arbitrage opportunity when the market opens

The trading rectangle strategy within book models

NASA Astrophysics Data System (ADS)

Matassini, Lorenzo

2001-12-01

We introduce a model of trading where traders interact through the insertion of orders in the book. This matching mechanism is a collection of the activity of agents: They can trade at the market price or place a limit order. The latter is valid until cancelled by the trader; to this end we introduce a threshold in time after which the probability of the order to be removed is strongly increased. There is essentially no source of randomness and all the traders share a common strategy, what we call trading rectangle. Since there are no fundamentalist rules, it is not so important to identify the right moment to enter in the market. Much more effort is required to decide when to sell. The model is able to reproduce many of the complex phenomena manifested in real stock markets, including the positive correlation between bid/ask spreads and volatility.

Quantifying immediate price impact of trades based on the k-shell decomposition of stock trading networks

NASA Astrophysics Data System (ADS)

Xie, Wen-Jie; Li, Ming-Xia; Xu, Hai-Chuan; Chen, Wei; Zhou, Wei-Xing; Stanley, H. Eugene

2016-10-01

Traders in a stock market exchange stock shares and form a stock trading network. Trades at different positions of the stock trading network may contain different information. We construct stock trading networks based on the limit order book data and classify traders into k classes using the k-shell decomposition method. We investigate the influences of trading behaviors on the price impact by comparing a closed national market (A-shares) with an international market (B-shares), individuals and institutions, partially filled and filled trades, buyer-initiated and seller-initiated trades, and trades at different positions of a trading network. Institutional traders professionally use some trading strategies to reduce the price impact and individuals at the same positions in the trading network have a higher price impact than institutions. We also find that trades in the core have higher price impacts than those in the peripheral shell.

Interaction among actors in retail market competition in malang city

NASA Astrophysics Data System (ADS)

Kurniawan, B.; Ma'ruf, M. F.

2018-01-01

In several countries, traditional market lose in competition with supermarket. Supermarket has several advantages compared with traditional market. It can provides consumers with lower prices, offer more varieties of products and higher quality products than traditional retailers, has more comfortable place for shopping. In Malang City, the existence of traditional traders was threatened. In a competitive retail market, traditional traders get less protection from the Government of Malang Municipality. Massive demonstrations conducted by traditional traders along with other society elements unable to stem the rapid growth of modern retail. This paper focus on the interaction of Malang Municipality actors in the local retail market competition. How those interaction can make imbalance retail market competition. The author uses descriptive-analytic method with a qualitative approach in this work. As a result, the interaction tend to produce imbalance retail market competition. Interaction between legislative, executive, bureaucracy and mass media tend to support modern retail growth than traditional one.

Interoceptive Ability Predicts Survival on a London Trading Floor.

PubMed

Kandasamy, Narayanan; Garfinkel, Sarah N; Page, Lionel; Hardy, Ben; Critchley, Hugo D; Gurnell, Mark; Coates, John M

2016-09-19

Interoception is the sensing of physiological signals originating inside the body, such as hunger, pain and heart rate. People with greater sensitivity to interoceptive signals, as measured by, for example, tests of heart beat detection, perform better in laboratory studies of risky decision-making. However, there has been little field work to determine if interoceptive sensitivity contributes to success in real-world, high-stakes risk taking. Here, we report on a study in which we quantified heartbeat detection skills in a group of financial traders working on a London trading floor. We found that traders are better able to perceive their own heartbeats than matched controls from the non-trading population. Moreover, the interoceptive ability of traders predicted their relative profitability, and strikingly, how long they survived in the financial markets. Our results suggest that signals from the body - the gut feelings of financial lore - contribute to success in the markets.

77 FR 67037 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-11-08

... the CBOE Stock Exchange, LLC (``CBSX'') to delete references to the automatic quote regeneration and....24(b) (Automatic Quote Regeneration) and Rule 53.24(c) (Quote Risk Monitor Function) from CBOE Stock... the automatic quote regeneration nor the quote risk monitor function has been made available or been...

Do disk drives dream of buffer cache hits?

DOE Office of Scientific and Technical Information (OSTI.GOV)

Holt, A.

1994-12-31

G.E. Moore, in his book Principia Ethica, examines the popular view of ethics that deals with {open_quotes}what we ought to do{close_quotes} as well as using ethics to cover the general inquiry: {open_quotes}what is good?{close_quotes} This paper utilises Moore`s view of Ethics to examine computer systems performance. Moore asserts that {open_quotes}good{close_quotes} in itself is indefinable. It is argued in this report that, although we describe computer systems as good (or bad) a computer system cannot be good in itself, rather a means to good! In terms of {open_quotes}what we ought to do{close_quotes} this paper looks at what actions (would) bring aboutmore » good computer system performance according to computer science and engineering literature. In particular we look at duties, responsibilities and {open_quotes}to do what is right{close_quotes} in terms of system administration, design and usage. We further argue that in order to first make ethical observations with respect computer system performance and then apply them, requires technical knowledge which is typically limited to industry specialists and experts.« less

Segregation analysis of Alzheimer pedigrees: Rare Mendelian dominant mutation(s) explain a minority of early-onset cases

DOE Office of Scientific and Technical Information (OSTI.GOV)

Martinez, M.; Campion, D.; Babron, M.C.

1996-02-16

Segregation analysis of Alzheimer disease (AD) in 92 families ascertained through early-onset ({le}age 60 years) AD (EOAD) probands has been carried out, allowing for a mixture in AD inheritance among probands. The goal was to quantify the proportion of probands that could be explained by autosomal inheritance of a rare disease allele {open_quotes}a{close_quotes} at a Mendelian dominant gene (MDG). Our data provide strong evidence for a mixture of two distributions; AD transmission is fully explained by MDG inheritance in <20% of probands. Male and female age-of-onset distributions are significantly different for {open_quotes}AA{close_quote} but not for {open_quotes}aA{close_quote} subjects. For {open_quotes}aA{close_quote} subjectsmore » the estimated penetrance value was close to 1 by age 60. For {open_quotes}AA{close_quotes} subjects, it reaches, by age 90, 10% (males) and 30% (females). We show a clear cutoff in the posterior probability of being an MDG case. 10 refs., 1 tab.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Louda, J.W.; Baker, E.W.

The premier molecular index for assessing the thermal maturity(history) of a bitumen is the DPEP-to-ETIO ratio. A restatement of that data set has appeared and is the %-DPEP. This is also preferred by the present authors. These indices (D/E, %D) chronicle the relative presence, absence, and changes in that relationship for porphyrins with ({open_quotes}DPEP{close_quotes}, {open_quotes}CAP{close_quotes}) or without ({open_quotes}ETIO{close_quotes}) exocyclic cycloalkyl ring moieties. An alternative index, the Alkylation Index (Al) has received scant attention since its inception nearly 2 decades ago. This index increasingly weights the higher (>C32), more alkylated, species and ratios those to the pigments at C32 and lower.more » The present report is an integration of several of our past and more recent studies on sediments, shales and petroleum crudes. The application of cross-plotting %-DPEP versus Alkylation Index (%D x Al), in order to {open_quote}fine-tune{close_quote} thermal maturity assessments, for source rocks and oils is covered. Potential problems due to (1) the {open_quote}contamination{close_quote} of mature bitumen with immature biomarkers or (2) biodegradation are also discussed.« less

Answer to Question {number_sign}21 [{open_quote}{open_quote}Snell{close_quote}s law in quantum mechanics,{close_quote}{close_quote} Steve Blau and Brad Halfpap, Am. J. Phys. {bold 63} (7), 583 (1995)

DOE Office of Scientific and Technical Information (OSTI.GOV)

Milonni, P.W.

1996-07-01

The quantum mechanical description of reflection and refraction in terms of photons is further extrapolated. The probability amplitude for a photon to be found inside or outside the medium is derived.

Climbing the walls

DOE Office of Scientific and Technical Information (OSTI.GOV)

Duey, R.

1997-07-01

{open_quotes}Integrated solutions{close_quotes} has become such a buzzword in the business world that it`s beginning to lose its semantic impact. But when the business is oil and gas and the integrated solutions revolve around information technology, the impact is very great indeed. A recent Cambridge Energy Research Associates study called the use of information technology within the petroleum industry a {open_quotes}quiet revolution.{close_quotes} The technology has been {open_quotes}a powerful, enabling factor in the survival and rebirth{close_quotes} of the industry since the price collapse of 1986, the report states, adding, {open_quotes}It will be even more important to the industry`s future, shaping business strategymore » and competitive advantage-- and company structure.{close_quotes} Like many other industries, oil and gas companies are moving away from hierarchical structures, relying on asset teams and other interdisciplinary approaches to maximize profits in an era of downsizing, volatile prices and stiff competition. {open_quotes}I think in the past the energy industry had a commodity mindset,{close_quotes} says Robert Shaw, senior vice president and head of the worldwide sector for Oracle Energy. {open_quotes}The industry was fairly controlled, stable and regulated, and there was a feeling that there wasn`t much to do except find oil, own reserves, refine as much as they can, run the pipe full, dispose of as much as they can and hopefully make a lot of money{close_quotes}.« less

Fossil fuels in a sustainable energy future

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bechtel, T.F.

1995-12-01

The coal industry in the United States has become a world leader in safety, productivity, and environmental protection in the mining of coal. The {open_quotes}pick-and-shovel{close_quotes} miner with mangled limbs and black lung disease has been replaced by the highly skilled technicians that lead the world in tons per man-hour. The gob piles, polluted streams, and scared land are a thing of the past. The complementary efforts of the DOE and EPRI-funded programs in coal utilization R&D and the Clean Coal Technology Program commercial demonstrations, have positioned the power generation industry to utilize coal in a way that doesn`t pollute themore » air or water, keeps electrical power costs low, and avoids the mountains of waste material. This paper reviews the potential for advanced coal utilization technologies in new power generation applications as well as the repowering of existing plants to increase their output, raise their efficiency, and reduce pollution. It demonstrates the potential for these advanced coal-fueled plants to play a complementary role in future planning with the natural gas and oil fired units currently favored in the market place. The status of the US program to demonstrate these technologies at commercial scale is reviewed in some detail.« less

Potential for electricity generation from biomass residues in Cuba

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lora, E.S.

The purpose of this paper is the study of the availability of major biomass residues in Cuba and the analysis of the electricity generation potential by using different technologies. An analysis of the changes in the country`s energy balance from 1988 up to date is presented, as well as a table with the availability study results and the energy equivalent for the following biomass residues: sugar cane bagasse and trash, rice and coffee husk, corn an cassava stalks and firewood. A total equivalent of 4.42 10{sup 6} tons/year of fuel-oil was obtained. Possible scenarios for the electricity production increase inmore » the sugar industry are presented too. The analysis is carried out for a high stream parameter CEST and two BIG/GT system configurations. Limitations are introduced about the minimal milling capacity of the sugar mills for each technology. The calculated {open_quotes}real{close_quotes} electricity generation potential for BIG/GT systems, based on GE LM5000 CC gas turbines, an actual cane harvest of 58.0 10{sup 6} tons/year, half the available trash utilization and an specific steam consumption of 210 kg/tc, was 18601,0 GWh/year. Finally different alternatives are presented for low-scale electricity generation based on the other available agricultural residues.« less

Bioprocessing of a stored mixed liquid waste

DOE Office of Scientific and Technical Information (OSTI.GOV)

Wolfram, J.H.; Rogers, R.D.; Finney, R.

1995-12-31

This paper describes the development and results of a demonstration for a continuous bioprocess for mixed waste treatment. A key element of the process is an unique microbial strain which tolerates high levels of aromatic solvents and surfactants. This microorganism is the biocatalysis of the continuous flow system designed for the processing of stored liquid scintillation wastes. During the past year a process demonstration has been conducted on commercial formulation of liquid scintillation cocktails (LSC). Based on data obtained from this demonstration, the Ohio EPA granted the Mound Applied Technologies Lab a treatability permit allowing the limited processing of actualmore » mixed waste. Since August 1994, the system has been successfully processing stored, {open_quotes}hot{close_quotes} LSC waste. The initial LSC waste fed into the system contained 11% pseudocumene and detectable quantities of plutonium. Another treated waste stream contained pseudocumene and tritium. Data from this initial work shows that the hazardous organic solvent, and pseudocumene have been removed due to processing, leaving the aqueous low level radioactive waste. Results to date have shown that living cells are not affected by the dissolved plutonium and that 95% of the plutonium was sorbed to the biomass. This paper discusses the bioprocess, rates of processing, effluent, and the implications of bioprocessing for mixed waste management.« less

Classification of Indonesian quote on Twitter using Naïve Bayes

NASA Astrophysics Data System (ADS)

Rachmadany, A.; Pranoto, Y. M.; Gunawan; Multazam, M. T.; Nandiyanto, A. B. D.; Abdullah, A. G.; Widiaty, I.

2018-01-01

Quote is sentences made in the hope that someone can become strong personalities, individuals who always improve themselves to move forward and achieve success. Social media is a place for people to express his heart to the world that sometimes the expression of the heart is quotes. Here, the purpose of this study was to classify Indonesian quote on Twitter using Naïve Bayes. This experiment uses text classification from Twitter data written by Twitter users which are quote then classification again grouped into 6 categories (Love, Life, Motivation, Education, Religion, Others). The language used is Indonesian. The method used is Naive Bayes. The results of this experiment are a web application collection of Indonesian quote that have been classified. This classification gives the user ease in finding quote based on class or keyword. For example, when a user wants to find a 'motivation' quote, this classification would be very useful.

Large data series: Modeling the usual to identify the unusual

DOE Office of Scientific and Technical Information (OSTI.GOV)

Downing, D.J.; Fedorov, V.V.; Lawkins, W.F.

{open_quotes}Standard{close_quotes} approaches such as regression analysis, Fourier analysis, Box-Jenkins procedure, et al., which handle a data series as a whole, are not useful for very large data sets for at least two reasons. First, even with computer hardware available today, including parallel processors and storage devices, there are no effective means for manipulating and analyzing gigabyte, or larger, data files. Second, in general it can not be assumed that a very large data set is {open_quotes}stable{close_quotes} by the usual measures, like homogeneity, stationarity, and ergodicity, that standard analysis techniques require. Both reasons dictate the necessity to use {open_quotes}local{close_quotes} data analysismore » methods whereby the data is segmented and ordered, where order leads to a sense of {open_quotes}neighbor,{close_quotes} and then analyzed segment by segment. The idea of local data analysis is central to the study reported here.« less

Patterns of change: the dynamics of medicinal plant trade in far-western Nepal.

PubMed

Pyakurel, Dipesh; Sharma, Indira Bhattarai; Smith-Hall, Carsten

2018-06-06

Combined quantitative and qualitative environmental product trade studies, undertaken in the same location over time, are instrumental in identifying plant species with commercial demand and explaining what drives temporal changes. Yet such dynamic studies are rare, including for Himalayan medicinal plants that have been large-scale traded for millennia. To (i) investigate changes in medicinal plant trade in the past 17 years, and (ii) identify the main factors driving changes, using a study of Darchula District in far-western Nepal. Medicinal plant production network data were collected from March to August 2016, for the fiscal year 2014-15, for Darchula District in far-western Nepal through 167 quantitative (58 harvesters, 38 sub-local traders, 25 local traders, 25 central wholesalers, and 21 regional wholesalers), 61 qualitative (15 sub-local traders, 19 local traders, 15 central wholesalers, and 12 regional wholesalers) interviews, and four focus group discussions. Results were compared to previously unpublished similar data for Darchula District for the year 1997-98, using quantitative and qualitative interviews with 10 local traders, 20 central wholesalers, and 53 regional wholesalers. Data analysis was guided by an analytical framework derived from Global Production Network theory. Quantitative data were used to estimate changes in 12 indicators while the qualitative information allowed identification of the factors driving observed changes in the indicators. The volume of medicinal plants traded from Darchula District in the fiscal year 2014-15 was 401 t with a harvester value of USD 5.5 million, representing a 2.3 fold increase in volume and 17.2 fold increase in value compared to 1997-98. Trade in the two observation years comprised 30 air-dried plant products (from 28 identified species as well as lichens and a mineral substance); 12 products were traded in both periods, while seven disappeared, and 11 new products entered the trade. The number of traders increased from 10 to 63, mainly due to the emergence of a single high value product yarsagumba (Ophiocordyceps sinensis), a fungus-caterpillar complex which alone contributed 85% of total trade value. Over the observed time period, harvesters and traders increased their margins at the cost of central wholesalers, indicating that market changes favoured lower tier actors, eroding the previously identified passive central wholesaler oligopsony in Nepal. Important drivers of market changes are: (i) rising incomes in China and India, expressed through demand for new products and increasing per unit prices for a range of products, (ii) expanding infrastructure (roads and telecommunications) towards and into harvesting sites, reducing transport costs and increasing market efficiency, and (iii) government interventions, causing disappearance of some species from trade. These market changes also led to increased cultivation at lower altitudes, and a sharp increase in the number of processor industries in Nepal. Trade in medicinal plant products in far-western Nepal in the past two decades has increased substantially, doubling in volume and increasing 17 fold in value. There is a backbone of constantly traded species but also species that disappear from trade and new species that enter. Changes favour harvesters and traders at the benefit of central wholesalers whose previous passive oligopsony is disappearing. The three main drivers of change are rising incomes in China and India, expanding infrastructure, and government interventions in Nepal. Commercial medicinal plant resources are a substantial asset that appears to offer opportunities for economic development in far-western Nepal. The trade, however, may pose sustainability threats that are best understood by combining species-level biophysical, trade, and consumer studies. Copyright © 2018. Published by Elsevier B.V.

Constraints and efficiency of cattle marketing in semiarid pastoral system in Kenya.

PubMed

Onono, Joshua Orungo; Amimo, Joshua Oluoch; Rushton, Jonathan

2015-04-01

Livestock keeping is regarded as a store of wealth for pastoralists in Kenya, besides their social and cultural functions. The objective of this study was to prioritize constraints to cattle marketing in a semiarid pastoral area of Narok in Kenya and to analyze efficiency of cattle marketing in transit markets located in Garissa, Kajiado and Narok counties. Primary data collection from traders was done through participatory interviews and market surveys, while time series market price data were obtained from secondary sources. Five focus group interviews were organized with a total of 61 traders in markets from Narok County, while a total of 187 traders who purchased cattle from transit markets provided data on a number of cattle purchased, purpose of purchase, buying prices and mode of transport. Market performance was analyzed through trader's market share, gross margins, Gini coefficient and coefficient of correlation between time series price data. The marketing constraints which were ranked high included lack of market for meat, trekking of cattle to markets, lack of price information and occurrence of diseases. About 10 % of traders purchased over 50 % of cattle which were supplied in markets, revealing a high concentration index. Further, a gross marketing margin per cattle purchased was positive in all markets revealing profitability. Moderate correlation coefficients existed between time series market price data for cattle purchased from Ewaso Ngiro and Mulot markets (r = 0.5; p < 0.05), while those between Dagoretti and Garissa markets were weak (r = 0.2; p > 0.05). The integration of markets, occurrence of diseases and trekking of cattle to markets are factors which may increase a risk of infectious disease spread. These results call for support of disease surveillance activities within markets in pastoral areas so that farms and systems which are connected are protected from threats of infectious diseases.

Comment on {open_quote}{open_quote}Comments on the use of asymmetric monochromators for x-ray diffraction on a synchrotron source{close_quote}{close_quote} [Rev. Sci. Instrum. {bold 66}, 2174 (1995)

DOE Office of Scientific and Technical Information (OSTI.GOV)

Sanchez del Rio, M.; Cerrina, F.

1996-10-01

In the article {open_quote}{open_quote}Comments on the use of asymmetric monochromators for x-ray diffraction on a synchrotron source,{close_quote}{close_quote} by Colin Nave, Ana Gonzalez, Graham Clark, Sean McSweeney, Stewart Cummings, and Michael Hart, Rev. Sci. Instrum. {bold 66}, 2174 (1995), paragraph II, the authors{close_quote} unfamiliarity with our modeling codes leads them to claim that our approach to treat bent-asymmetrically cut crystals in ray tracing calculations is incorrect. Since SHADOW is a widely used code, it is important to correct any misunderstandings, and we give here arguments to demonstrate that our approach is perfectly valid, and the arguments used by the authors tomore » criticize our method are based on an unwarranted conclusion extracted from one of our previous articles. We show that SHADOW, when properly run, treats the cases raised exactly. Indeed, their arguments provide a nice benchmark test for verifying the accuracy of SHADOW {copyright} {ital 1996 American Institute of Physics.}« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Levendis, Y.A.

A study was conducted to determine the efficacy of carboxylic calcium and magnesium salts (e.g., calcium magnesium acetate or CMA, CaMg{sub 2}(CH{sub 2}COOH){sub 6}) for the simultaneous removal of SO{sub 2} and NO{sub x} in oxygen-lean atmospheres. Experiments were performed in a high-temperature furnace that simulated the post-flame environment of a coal-fired boiler by providing similar temperatures and partial pressures of SO{sub 2}, NO{sub x} CO{sub 2} and O{sub 2}. When injected into a hot environment, the salts calcined and formed highly porous {open_quotes}popcorn{close_quotes}-like cenospheres. Residual MgO and/or CaCO{sub 3} and CaO reacted heterogeneously with SO{sub 2} to form MgSO{submore » 4} and/or CaCO{sub 4}. The organic components - which can be manufactured from wastes such as sewage sludge - gasified and reduced NO{sub x }to N{sub 2} efficiently if the atmosphere was moderately fuel-rich. Dry-injected CMA particles at a Ca/S ratio of 2, residence time of 1 second and bulk equivalence ratio of 1.3 removed over 90% of SO{sub 2} and NO{sub x} at gas temperatures {>=} 950{degrees}C. When the furnace isothermal zone was {<=} 950{degrees}C, Ca was essentially inert in the furnace quenching zone, while Mg continued to sorb SO{sub 2} as the gas temperature cooled at a rate of -130{degrees}C/sec. Hence, the removal of SO{sub 2} by CMA could continue for nearly the entire residence time of emissions in the exhaust stream of a power plant. Additional research is needed to improve the efficiency and reduce the cost of the relatively expensive carboxylic acid salts as dual SO{sub 2}-NO{sub x} reduction agents. For example, wet injection of the salts could be combined with less expensive hydrocarbons such as lignite or even polymers such as poly(ethylene) that could be extracted from the municipal waste stream.« less

Coal-fired high performance power generating system. Quarterly progress report, October 1, 1994--December 31, 1994

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

1995-08-01

This report covers work carried out under Task 3, Preliminary R and D, under contract DE-AC22-92PC91155, {open_quotes}Engineering Development of a Coal-Fired High Performance Power Generation System{close_quotes} between DOE Pittsburgh Energy Technology Center and United Technologies Research Center. The goals of the program are to develop a coal-fired high performance power generation system (HIPPS) by the year 2000 that is capable of (1) > 47% thermal efficiency; (2) NO{sub x}, SO{sub x} and particulates {<=}25% NSPS; (3) cost {>=}65% of heat input; (4) all solid wastes benign. In our design consideration, we have tried to render all waste streams benign andmore » if possible convert them to a commercial product. It appears that vitrified slag has commercial values. If the flyash is reinjected through the furnace, along with the dry bottom ash, then the amount of the less valuable solid waste stream (ash) can be minimized. A limitation on this procedure arises if it results in the buildup of toxic metal concentrations in either the slag, the flyash or other APCD components. We have assembled analytical tools to describe the progress of specific toxic metals in our system. The outline of the analytical procedure is presented in the first section of this report. The strengths and corrosion resistance of five candidate refractories have been studied in this quarter. Some of the results are presented and compared for selected preparation conditions (mixing, drying time and drying temperatures). A 100 hour pilot-scale stagging combustor test of the prototype radiant panel is being planned. Several potential refractory brick materials are under review and five will be selected for the first 100 hour test. The design of the prototype panel is presented along with some of the test requirements.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Gaba, J.M.

Three areas are addressed in this paper: generic issues that arise simply in the process of decision-making under environmental statutes; different decision-making standards under various environmental statutes; and efforts to legislate a {open_quotes}safe{close_quotes} or {open_quotes}acceptable{close_quotes} risk from exposure to carcinogenic chemicals.

Advanced development of non-discoloring EVA-based PV encapsulants

DOE Office of Scientific and Technical Information (OSTI.GOV)

Holley, W.H.; Galica, J.P.; Argo, S.C.

1996-01-01

The purpose of this investigation was to better define the problem of field yellowing of EVA-based PV encapsulant, through laboratory study of probable chemical mechanisms and the development of stabilization strategies for protecting EVA from discoloration. EVA from fielded modules was analyzed for vinyl acetate content, unsaturation, and additive levels. These test results were then compared to results from Xenon Arc Weather-Ometer aged glass/EVA/glass laminates made in the laboratory. Variables evaluated in Weather-Ometer aged laminates included ``standard-cure`` A9918P EVA, ``fast-cure`` 15295P EVA, low iron glass superstrate containing cerium oxide, and systematic elimination or addition of specific additives. Six significant findingsmore » were revealed: 1) Improved ``standard-cure`` and ``fast-cure`` type EVA encapsulants, formulations X9903P and X15303P, respectively, showed little or no yellowing after extended Weather-Ometer exposure; 2) The use of {open_quote}{open_quote}fast-cure{close_quote}{close_quote} EVA reduced discoloration when compared with {open_quote}{open_quote}standard-cure{close_quote}{close_quote} A9918P EVA; 3) Glass superstrate containing cerium oxide resulted in a reduced rate of EVA discoloration; 4) {open_quote}{open_quote}Fast-cure{close_quote}{close_quote} EVA used with glass superstrate containing cerium oxide showed no visible yellowing after 32 weeks in the Weather-Ometer{emdash}a period estimated to be roughly equivalent to 20{endash}30 years of exposure in the Southwest; 5) Severely discolored EVA samples from the field showed no measurable loss of acetate group and little detectable unsaturation; and 6) EVA encapsulant with a Tefzel cover exhibited no yellowing after extended Weather-Ometer exposure. {copyright} {ital 1996 American Institute of Physics.}« less

Comment on {open_quote}{open_quote}Electronic model for superconductivity{close_quote}{close_quote}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Angelucci, A.; Sorella, S.

1996-05-01

A Comment on the Letter by Fabian H.L. Essler, Vladimir E. Korepin, and Kareljan Schoutens, Phys.Rev.Lett.{bold 70}, 73 (1993). The authors of the Letter offer a Reply. {copyright} {ital 1996 The American Physical Society.}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Geltman, S.

Recent measurements on CO{sub 2}-laser-assisted electron-atom collisions have shown large inconsistencies with the Kroll-Watson formula for small-angle scattering. We have carried out a detailed study to compare the predictions of Kroll-Watson theory (for both single and multimode fields) with those of conventional perturbation theory for stimulated free-free transitions. It is found that for {ital E}{sub 0}/2{omega}{sup 2}{lt}1, where perturbation theory is valid, there are large differences with the Kroll-Watson theory. Comparisons of experimental variations with respect to scattering angle and electron energy show much better agreement with perturbation theory than with Kroll-Watson theory. A study of the angular variations inmore » perturbation theory shows that use of the {open_quote}{open_quote}outgoing{close_quote}{close_quote} wave final state gives much better agreement with experiment than does the {open_quote}{open_quote}ingoing{close_quote}{close_quote} wave final state, which is different from the choice made in early bremsstrahlung theory. {copyright} {ital 1996 The American Physical Society.}« less

DOE standard 3009 - a reasoned, practical approach to integrating criticality safety into SARs

DOE Office of Scientific and Technical Information (OSTI.GOV)

Vessard, S.G.

1995-12-31

In the past there have been efforts by the U.S. Department of Energy (DOE) to provide guidance on those elements that should be included in a facility`s safety analysis report (SAR). In particular, there are two DOE Orders (5480.23, {open_quotes}Nuclear Safety Analysis Reports,{close_quotes} and 5480.24, {open_quotes}Nuclear Criticality Safety{close_quotes}), an interpretive guidance document (NE-70, Interpretive Guidance for DOE Order 5480.24, {open_quotes}Nuclear Criticality Safety{close_quotes}), and DOE Standard DOE-STD-3009-94 {open_quotes}Preparation Guide for U.S. Department of Energy Nonreactor Nuclear Facility Safety Analysis Reports.{close_quotes} Of these, the most practical and useful (pertaining to the application of criticality safety) is DOE-STD-3009-94. This paper is a reviewmore » of Chapters 3, 4, and 6 of this standard and how they provide very clear, helpful, and reasoned criticality safety guidance.« less

Russia's [open quotes]red-brown[close quotes] hawks

DOE Office of Scientific and Technical Information (OSTI.GOV)

Goldanskii, V.I.

1993-06-01

Since the beginning of the [open quotes]Gorbachev years,[close quotes] there has been a remarkable democratization in Russia, but there has also been a sharpening of internal contradictions. These years have led to a coalition of [open quotes]red-brown[close quotes] groups -- the most reactionary elements of society -- Stalinists, extremely aggressive members of the military-industrial complex, self-styled [open quotes]protectors of the Russian Empire,[close quotes] national patriotic unions, and groups with their own storm troops. These have also been years of economic decline and the withering of research in the fundamental sciences. This article describes the anger of Soviet nuclear specialists atmore » vanishing funds and prestige. The desire of the neo-fascist groups for arms and power is addressed. The development of these groups is reviewed. Implications of political unrest for nuclear proliferation and the future of Russian nuclear specialists are discussed. Possibilities for government reorganization are proposed. 8 refs.« less

And deregulation shall lead me to lie down in green pastures

DOE Office of Scientific and Technical Information (OSTI.GOV)

Weidinger, G.

1995-06-01

This presentation briefly reviews the history of the IPP industry, the current state of competition, and potential opportunities for IPPs in a deregulated environment. Since the beginning of the PURPA created IPP industry, we have experienced many market phases. These began with {open_quotes}beat avoided cost,{close_quotes} followed by {open_quotes}find a need and fill it,{close_quotes} followed by {open_quotes}the bid fest,{close_quotes} to today`s {open_quotes}anything goes.{close_quotes} During this time, market clearing prices have declined from over 80/KwHr to 2-40/KwHr. Today`s partially deregulated electric market includes fierce competition and several new players in the game. Where surplus capacity exists, IPPs must compete with subsidized power.more » Long-term contracts are no longer widely available. Access to markets is constrained by less than open transmission. Even with these challenges, opportunities remain for the IPP supplier. Opportunities for advanced coal-fired power systems will be explored.« less

Total recall. [Refinancing of debt by utilities

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hemptstead, J.

1994-02-15

The dramatic rally in the US treasury markets in 1992 and 1993 offered utility treasurers a unique opportunity to radically restructure their outstanding debt profiles by redeeming and refunding callable and refundable bonds. Since January 1991, utility companies have issued over $100 billion of nonconvertible debt securities; 53 percent of these companies indicated [open quotes]refinancing fixed income securities[close quotes] as the primary use of proceeds. After approximately 18 months of heavy refunding activity, utility treasurers have nearly exhausted the supply of currently callable debt and are now looking at alternative methods of reducing their embedded cost of debt and increasingmore » cash flows. The two most common methods are to repurchase highest-cost noncallable and/or currently nonrefundable bonds through [open quotes]open-market repurchases[close quotes] and [open quotes]tender offers.[close quotes] A third, less popular and less used, method is the [open quotes]defeasance[close quotes]. This article describes the advantages, disadvantages, and economic effects of these three types of financing.« less

Some new results on the Levy, Levy and Solomon microscopic stock market model

NASA Astrophysics Data System (ADS)

Zschischang, Elmar; Lux, Thomas

2001-03-01

We report some findings from our simulations of the Levy, Levy and Solomon microscopic stock market model. Our results cast doubts on some of the results published in the original papers (i.e., chaotic stock price movements). We also point out the possibility of sensitive dependence on initial conditions of the emerging wealth distribution among agents. Extensions of the model set-up show that with varying degrees of risk aversion, the less risk averse traders will tend to dominate the market. Similarly, when introducing a new trader group (or even a single trader) with a constant share of stocks in their portfolio, the latter will eventually take over and marginalize the other groups. The better performance of the more sober investors is in accordance with traditional perceptions in financial economics. Hence, the survival of ‘noise traders’ looking at short-term trends and patterns remains as much of a puzzle in this framework as in the traditional Efficient Market Theory.

Derivation of the Boltzmann Equation for Financial Brownian Motion: Direct Observation of the Collective Motion of High-Frequency Traders.

PubMed

Kanazawa, Kiyoshi; Sueshige, Takumi; Takayasu, Hideki; Takayasu, Misako

2018-03-30

A microscopic model is established for financial Brownian motion from the direct observation of the dynamics of high-frequency traders (HFTs) in a foreign exchange market. Furthermore, a theoretical framework parallel to molecular kinetic theory is developed for the systematic description of the financial market from microscopic dynamics of HFTs. We report first on a microscopic empirical law of traders' trend-following behavior by tracking the trajectories of all individuals, which quantifies the collective motion of HFTs but has not been captured in conventional order-book models. We next introduce the corresponding microscopic model of HFTs and present its theoretical solution paralleling molecular kinetic theory: Boltzmann-like and Langevin-like equations are derived from the microscopic dynamics via the Bogoliubov-Born-Green-Kirkwood-Yvon hierarchy. Our model is the first microscopic model that has been directly validated through data analysis of the microscopic dynamics, exhibiting quantitative agreements with mesoscopic and macroscopic empirical results.

Derivation of the Boltzmann Equation for Financial Brownian Motion: Direct Observation of the Collective Motion of High-Frequency Traders

NASA Astrophysics Data System (ADS)

Kanazawa, Kiyoshi; Sueshige, Takumi; Takayasu, Hideki; Takayasu, Misako

2018-03-01

A microscopic model is established for financial Brownian motion from the direct observation of the dynamics of high-frequency traders (HFTs) in a foreign exchange market. Furthermore, a theoretical framework parallel to molecular kinetic theory is developed for the systematic description of the financial market from microscopic dynamics of HFTs. We report first on a microscopic empirical law of traders' trend-following behavior by tracking the trajectories of all individuals, which quantifies the collective motion of HFTs but has not been captured in conventional order-book models. We next introduce the corresponding microscopic model of HFTs and present its theoretical solution paralleling molecular kinetic theory: Boltzmann-like and Langevin-like equations are derived from the microscopic dynamics via the Bogoliubov-Born-Green-Kirkwood-Yvon hierarchy. Our model is the first microscopic model that has been directly validated through data analysis of the microscopic dynamics, exhibiting quantitative agreements with mesoscopic and macroscopic empirical results.

Information Cost, Memory Length and Market Instability.

PubMed

Diks, Cees; Li, Xindan; Wu, Chengyao

2018-07-01

In this article, we study the instability of a stock market with a modified version of Diks and Dindo's (2008) model where the market is characterized by nonlinear interactions between informed traders and uninformed traders. In the interaction of heterogeneous agents, we replace the replicator dynamics for the fractions by logistic strategy switching. This modification makes the model more suitable for describing realistic price dynamics, as well as more robust with respect to parameter changes. One goal of our paper is to use this model to explore if the arrival of new information (news) and investor behavior have an effect on market instability. A second, related, goal is to study the way markets absorb new information, especially when the market is unstable and the price is far from being fully informative. We find that the dynamics become locally unstable and prices may deviate far from the fundamental price, routing to chaos through bifurcation, with increasing information costs or decreasing memory length of the uninformed traders.

Market Confidence Predicts Stock Price: Beyond Supply and Demand.

PubMed

Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Zhang, Yuqing

2016-01-01

Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

Ethnic diversity deflates price bubbles

PubMed Central

Levine, Sheen S.; Apfelbaum, Evan P.; Bernard, Mark; Bartelt, Valerie L.; Zajac, Edward J.; Stark, David

2014-01-01

Markets are central to modern society, so their failures can be devastating. Here, we examine a prominent failure: price bubbles. Bubbles emerge when traders err collectively in pricing, causing misfit between market prices and the true values of assets. The causes of such collective errors remain elusive. We propose that bubbles are affected by ethnic homogeneity in the market and can be thwarted by diversity. In homogenous markets, traders place undue confidence in the decisions of others. Less likely to scrutinize others’ decisions, traders are more likely to accept prices that deviate from true values. To test this, we constructed experimental markets in Southeast Asia and North America, where participants traded stocks to earn money. We randomly assigned participants to ethnically homogeneous or diverse markets. We find a marked difference: Across markets and locations, market prices fit true values 58% better in diverse markets. The effect is similar across sites, despite sizeable differences in culture and ethnic composition. Specifically, in homogenous markets, overpricing is higher as traders are more likely to accept speculative prices. Their pricing errors are more correlated than in diverse markets. In addition, when bubbles burst, homogenous markets crash more severely. The findings suggest that price bubbles arise not only from individual errors or financial conditions, but also from the social context of decision making. The evidence may inform public discussion on ethnic diversity: it may be beneficial not only for providing variety in perspectives and skills, but also because diversity facilitates friction that enhances deliberation and upends conformity. PMID:25404313

Identifying Live Bird Markets with the Potential to Act as Reservoirs of Avian Influenza A (H5N1) Virus: A Survey in Northern Viet Nam and Cambodia

PubMed Central

Fournié, Guillaume; Guitian, Javier; Desvaux, Stéphanie; Mangtani, Punam; Ly, Sowath; Cong, Vu Chi; San, Sorn; Dung, Do Huu; Holl, Davun; Pfeiffer, Dirk U.; Vong, Sirenda; Ghani, Azra C.

2012-01-01

Wet markets are common in many parts of the world and may promote the emergence, spread and maintenance of livestock pathogens, including zoonoses. A survey was conducted in order to assess the potential of Vietnamese and Cambodian live bird markets (LBMs) to sustain circulation of highly pathogenic avian influenza virus subtype H5N1 (HPAIV H5N1). Thirty Vietnamese and 8 Cambodian LBMs were visited, and structured interviews were conducted with the market managers and 561 Vietnamese and 84 Cambodian traders. Multivariate and cluster analysis were used to construct a typology of traders based on their poultry management practices. As a result of those practices and large poultry surplus (unsold poultry reoffered for sale the following day), some poultry traders were shown to promote conditions favorable for perpetuating HPAIV H5N1 in LBMs. More than 80% of these traders operated in LBMs located in the most densely populated areas, Ha Noi and Phnom Penh. The profiles of sellers operating at a given LBM could be reliably predicted using basic information about the location and type of market. Consequently, LBMs with the largest combination of risk factors for becoming virus reservoirs could be easily identified, potentially allowing control strategies to be appropriately targeted. These findings are of particular relevance to resource-scarce settings with extensively developed LBM systems, commonly found in South-East Asia. PMID:22675502

Understanding agent-based models of financial markets: A bottom-up approach based on order parameters and phase diagrams

NASA Astrophysics Data System (ADS)

Lye, Ribin; Tan, James Peng Lung; Cheong, Siew Ann

2012-11-01

We describe a bottom-up framework, based on the identification of appropriate order parameters and determination of phase diagrams, for understanding progressively refined agent-based models and simulations of financial markets. We illustrate this framework by starting with a deterministic toy model, whereby N independent traders buy and sell M stocks through an order book that acts as a clearing house. The price of a stock increases whenever it is bought and decreases whenever it is sold. Price changes are updated by the order book before the next transaction takes place. In this deterministic model, all traders based their buy decisions on a call utility function, and all their sell decisions on a put utility function. We then make the agent-based model more realistic, by either having a fraction fb of traders buy a random stock on offer, or a fraction fs of traders sell a random stock in their portfolio. Based on our simulations, we find that it is possible to identify useful order parameters from the steady-state price distributions of all three models. Using these order parameters as a guide, we find three phases: (i) the dead market; (ii) the boom market; and (iii) the jammed market in the phase diagram of the deterministic model. Comparing the phase diagrams of the stochastic models against that of the deterministic model, we realize that the primary effect of stochasticity is to eliminate the dead market phase.

Ethnic diversity deflates price bubbles.

PubMed

Levine, Sheen S; Apfelbaum, Evan P; Bernard, Mark; Bartelt, Valerie L; Zajac, Edward J; Stark, David

2014-12-30

Markets are central to modern society, so their failures can be devastating. Here, we examine a prominent failure: price bubbles. Bubbles emerge when traders err collectively in pricing, causing misfit between market prices and the true values of assets. The causes of such collective errors remain elusive. We propose that bubbles are affected by ethnic homogeneity in the market and can be thwarted by diversity. In homogenous markets, traders place undue confidence in the decisions of others. Less likely to scrutinize others' decisions, traders are more likely to accept prices that deviate from true values. To test this, we constructed experimental markets in Southeast Asia and North America, where participants traded stocks to earn money. We randomly assigned participants to ethnically homogeneous or diverse markets. We find a marked difference: Across markets and locations, market prices fit true values 58% better in diverse markets. The effect is similar across sites, despite sizeable differences in culture and ethnic composition. Specifically, in homogenous markets, overpricing is higher as traders are more likely to accept speculative prices. Their pricing errors are more correlated than in diverse markets. In addition, when bubbles burst, homogenous markets crash more severely. The findings suggest that price bubbles arise not only from individual errors or financial conditions, but also from the social context of decision making. The evidence may inform public discussion on ethnic diversity: it may be beneficial not only for providing variety in perspectives and skills, but also because diversity facilitates friction that enhances deliberation and upends conformity.

Analysis of the characteristics of the global virtual water trade network using degree and eigenvector centrality, with a focus on food and feed crops

NASA Astrophysics Data System (ADS)

Lee, Sang-Hyun; Mohtar, Rabi H.; Choi, Jin-Yong; Yoo, Seung-Hwan

2016-10-01

This study aims to analyze the characteristics of global virtual water trade (GVWT), such as the connectivity of each trader, vulnerable importers, and influential countries, using degree and eigenvector centrality during the period 2006-2010. The degree centrality was used to measure the connectivity, and eigenvector centrality was used to measure the influence on the entire GVWT network. Mexico, Egypt, China, the Republic of Korea, and Japan were classified as vulnerable importers, because they imported large quantities of virtual water with low connectivity. In particular, Egypt had a 15.3 Gm3 year-1 blue water saving effect through GVWT: the vulnerable structure could cause a water shortage problem for the importer. The entire GVWT network could be changed by a few countries, termed "influential traders". We used eigenvector centrality to identify those influential traders. In GVWT for food crops, the USA, Russian Federation, Thailand, and Canada had high eigenvector centrality with large volumes of green water trade. In the case of blue water trade, western Asia, Pakistan, and India had high eigenvector centrality. For feed crops, the green water trade in the USA, Brazil, and Argentina was the most influential. However, Argentina and Pakistan used high proportions of internal water resources for virtual water export (32.9 and 25.1 %); thus other traders should carefully consider water resource management in these exporters.

Projection in English: The Environment of Quoting

ERIC Educational Resources Information Center

Matthiessen, Christian M. I. M.; Teruya, Kazuhiro

2013-01-01

This article is a report on an investigation of quoting strategies in English, an investigation that is part of a longer-term research programme exploring clauses of "saying" and their quoted and reported content as direct and indirect speech by members of the SAL (Systemics Across Languages) Group. Here the focus is on how quotes are…

77 FR 67040 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-11-08

... Proposal Regarding Quote Mitigation November 2, 2012. Pursuant to Section 19(b)(1) under the Securities... (Quote Mitigation) and refine the current quote mitigation strategy for its options trading facility, BOX Market LLC (``BOX'') by replacing the current quote mitigation rule with a ``holdback timer'' mechanism...

DOE Office of Scientific and Technical Information (OSTI.GOV)

Metcalf, R.L.

The proliferation of xenobiotic chemicals in the global environment poses living problems for each of us aboard {open_quotes}spaceship earth.{close_quotes} Seven case studies are presented that illustrate the magnitude of the problem that can result from waiting to identify toxic hazards until there have been decades of {open_quotes}human guinea pig{close_quotes} exposure. 25 refs., 5 tabs.

Statistical properties of trading activity in Chinese stock market

NASA Astrophysics Data System (ADS)

Sun, Xiaoqian; Cheng, Xueqi; Shen, Huawei; Wang, Zhaoyang

2010-08-01

We investigate the statistical properties of traders' trading behavior using cumulative distribution function(CDF). We analyze exchange data of 52 stocks for one-year period which contains non-manipulated stocks and manipulated stocks published by China Securities Regulatory Commission(CSRC). By analyzing the total number of transactions and the trading volume of each trader over a year, we find the cumulative distributions have power-law tails and the distributions between non-manipulated stocks and manipulated stocks are different. These findings can help us to detect the manipulated stocks.

Pt/Al{sub 2}O{sub 3} catalysts and Pt-Sn/Al{sub 2}O{sub 3} catalysts prepared by two different methods: Hydrogen pressure effects in the reactions of n-hexane

DOE Office of Scientific and Technical Information (OSTI.GOV)

Paal, Z.; Gyory, A.; Uszkurat, I.

Pt-Sn/Al{sub 2}O{sub 3} catalysts were prepared using two different methods, namely, by {open_quotes}traditional{close_quotes} coimpregnation with H{sub 2}PtCl{sub 6} and SnCl{sub 4} and by a {open_quotes}new{close_quotes} method in which the bimetallic complex precursor [Pt(NH{sub 3}){sub 4}] [SnCl{sub 6}] is prepared on the support. Their catalytic activity and selectivity in n-hexane reactions were studied as a function of the hydrogen pressure (60-480 Torr) and compared with those of monometallic Pt/Al{sub 2}O{sub 3} catalysts using H{sub 2}PtCl{sub 6} or [Pt(NH{sub 3}){sub 4}]Cl{sub 2} as Pt precursors. Pt/Al{sub 2}O{sub 3} ex [Pt(NH{sub 3}){sub 4}]Cl{sub 2} showed very low dispersion and exhibited high selectivity inmore » reactions attributed to multiatomic ensembles. The results with bimetallic catalysts can be rationalized in terms of two phases being present, a PtSn alloy phase plus Pt in fine distribution. The {open_quotes}new{close_quotes} Pt-Sn/Al{sub 2}O{sub 3} from the bimetallic precursor contains the two metals in a better dispersion, resulting in a larger number of atomically dispersed surface Pt active sites. This catalyst gave more isomers (and methylcyclopentane) and fewer fragments and less benzene than the {open_quotes}traditional{close_quotes} sample. The {open_quotes}new{close_quotes} Pt-Sn/Al{sub 2}O{sub 3} sample possessed good long-term stability. The {open_quotes}traditional{close_quotes} sample lost some of its activity and its high hydrogenolysis selectivity during long use; i.e., it approached the catalytic properties of the {open_quotes}new{close_quotes} sample. Both samples are potential candidates as catalysts with high isomerizing and low aromatic selectivities (up to 75% isohexanes plus methylcyclopentane as opposed to a maximum of 20%, benzene). The results could be explained sufficiently with a geometric model, electronic interactions playing a less important role in the catalytic phenomena observed. 59 refs., 9 figs., 5 tabs.« less

78 FR 49586 - Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-08-14

... Market Maker Standard quote server as a gateway for communicating eQuotes to MIAX. Because of the... connect the Limited Service Ports to independent servers that host their eQuote and purge functionality... same server for all of their Market Maker quoting activity. Currently, Market Makers in the MIAX System...

DOE Office of Scientific and Technical Information (OSTI.GOV)

Roos, E.; Maier, V.; Nagel, G.

The break preclusion concept is based on {open_quotes}KTA rules{close_quotes}, {open_quotes}RSK guidelines{close_quotes} and {open_quotes}Rahmenspeziflkation Basissicherheit{close_quotes}. These fundamental rules containing for example requirements on material, design, calculation, manufacturing and testing procedures are explained and the technical realisation is shown by means of examples. The proof of the quality of these piping systems can be executed by means of fracture mechanics calculations by showing that in every case the leakage monitoring system already detect cracks which are clearly smaller than the critical crack. Thus the leak before break behavior and the break preclusion concept is implicitly affirmed. In order to further diminish conservativitiesmore » in the fracture mechanics procedures, specific research projects are executed which are explained in this contribution.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Miller, B.

If seeing is believing, Kyle and Christine Sarratt are believers. The couple has been living in their passive solar custom home for almost two years, long enough to see a steady stream of eye-opening utility bills and to experience the quality and comfort of energy-efficient design. Skeptical of solar homes at first, the Sarratts found an energy-conscious designer that showed them how they could realize their home-building dreams and live in greater comfort while spending less money. As Kyle says, {open_quotes}We knew almost nothing about solar design and weren`t looking for it, but when we realized we could get everythingmore » we wanted in a home and more, we were sold.{close_quotes} Now the couple is enjoying the great feeling of solar and wood heat in the winter, natural cooling in the summer and heating/cooling bills that average less than $20/month. The Sarratts` home overlooks a large lake near the town of Rogers, tucked up in the northwest corner of Arkansas. It is one of three completed homes out of 29 planned for the South Sun Estates subdivision, where homes are required by covenant to incorporate passive solar design principles. Orlo Stitt, owner of Stitt Energy Systems and developer of the subdivision, has been designing passive solar, energy-efficient homes for twenty years. His passive solar custom home development is the first in Arkansas.« less

Prospect Theory for Online Financial Trading

PubMed Central

Martino, Mauro; Altshuler, Yaniv

2014-01-01

Prospect theory is widely viewed as the best available descriptive model of how people evaluate risk in experimental settings. According to prospect theory, people are typically risk-averse with respect to gains and risk-seeking with respect to losses, known as the “reflection effect”. People are much more sensitive to losses than to gains of the same magnitude, a phenomenon called “loss aversion”. Despite of the fact that prospect theory has been well developed in behavioral economics at the theoretical level, there exist very few large-scale empirical studies and most of the previous studies have been undertaken with micro-panel data. Here we analyze over 28.5 million trades made by 81.3 thousand traders of an online financial trading community over 28 months, aiming to explore the large-scale empirical aspect of prospect theory. By analyzing and comparing the behavior of winning and losing trades and traders, we find clear evidence of the reflection effect and the loss aversion phenomenon, which are essential in prospect theory. This work hence demonstrates an unprecedented large-scale empirical evidence of prospect theory, which has immediate implication in financial trading, e.g., developing new trading strategies by minimizing the impact of the reflection effect and the loss aversion phenomenon. Moreover, we introduce three novel behavioral metrics to differentiate winning and losing traders based on their historical trading behavior. This offers us potential opportunities to augment online social trading where traders are allowed to watch and follow the trading activities of others, by predicting potential winners based on their historical trading behavior. PMID:25330203

Prospect theory for online financial trading.

PubMed

Liu, Yang-Yu; Nacher, Jose C; Ochiai, Tomoshiro; Martino, Mauro; Altshuler, Yaniv

2014-01-01

Prospect theory is widely viewed as the best available descriptive model of how people evaluate risk in experimental settings. According to prospect theory, people are typically risk-averse with respect to gains and risk-seeking with respect to losses, known as the "reflection effect". People are much more sensitive to losses than to gains of the same magnitude, a phenomenon called "loss aversion". Despite of the fact that prospect theory has been well developed in behavioral economics at the theoretical level, there exist very few large-scale empirical studies and most of the previous studies have been undertaken with micro-panel data. Here we analyze over 28.5 million trades made by 81.3 thousand traders of an online financial trading community over 28 months, aiming to explore the large-scale empirical aspect of prospect theory. By analyzing and comparing the behavior of winning and losing trades and traders, we find clear evidence of the reflection effect and the loss aversion phenomenon, which are essential in prospect theory. This work hence demonstrates an unprecedented large-scale empirical evidence of prospect theory, which has immediate implication in financial trading, e.g., developing new trading strategies by minimizing the impact of the reflection effect and the loss aversion phenomenon. Moreover, we introduce three novel behavioral metrics to differentiate winning and losing traders based on their historical trading behavior. This offers us potential opportunities to augment online social trading where traders are allowed to watch and follow the trading activities of others, by predicting potential winners based on their historical trading behavior.

Answer to Question {number_sign}30 [{open_quote}{open_quote}How are positrons moderated?,{close_quote}{close_quote} Thomas D. Rossing, Am. J. Phys. {bold 63}(12), 1065 (1995)

DOE Office of Scientific and Technical Information (OSTI.GOV)

Weber, M.; Lynn, K.G.

1996-07-01

The positrons from {beta}{sup +} decaying sources loss energyat a much faster rate than they annihilate. As the energy of the positrons drops, core excitations, plasmon excitation, electron/hole pair creation, and phonon scattering are the dominant processes of further energy loss.

Comparison of DOE and NIRMA approaches to configuration management programs

DOE Office of Scientific and Technical Information (OSTI.GOV)

Yang, E.Y.; Kulzick, K.C.

One of the major management programs used for commercial, laboratory, and defense nuclear facilities is configuration management. The safe and efficient operation of a nuclear facility requires constant vigilance in maintaining the facility`s design basis with its as-built condition. Numerous events have occurred that can be attributed to (either directly or indirectly) the extent to which configuration management principles have been applied. The nuclear industry, as a whole, has been addressing this management philosophy with efforts taken on by its constituent professional organizations. The purpose of this paper is to compare and contrast the implementation plans for enhancing a configurationmore » management program as outlined in the U.S. Department of Energy`s (DOE`s) DOE-STD-1073-93, {open_quotes}Guide for Operational Configuration Management Program,{close_quotes} with the following guidelines developed by the Nuclear Information and Records Management Association (NIRMA): 1. PP02-1994, {open_quotes}Position Paper on Configuration Management{close_quotes} 2. PP03-1992, {open_quotes}Position Paper for Implementing a Configuration Management Enhancement Program for a Nuclear Facility{close_quotes} 3. PP04-1994 {open_quotes}Position Paper for Configuration Management Information Systems.{close_quotes}« less

A feasibility study to determine if there is a market for automatic meter-reading devices

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hilberg, G.R.

1996-08-01

For many utilities the cost of manually reading meters is increasing due to personnel expenses and equipment costs. The current system of manual meters provides little ability for the utility to reduce costs. To reduce meter reading costs the utility must automate the manual system and reduce personnel expenses. A water utility in San Diego county was studied to calculate the cost of reading individual water meters. This would allow for the selective replacement of {open_quotes}high-cost{close_quotes} meters to quickly reduce meter-reading costs while limiting the necessary capital investments. As the {open_quotes}high-cost{close_quotes} meters are selectively replaced, a utility with a significantmore » difference in individual meter reading costs could save three to five dollars per meter per year. This study showed that the {open_quotes}high-cost{close_quotes} meters were six times more expensive to read than the average meter. Additionally, AMR systems increase the information available to consumers and to the utility on usage patterns and problems. The challenge was to cost effectively identify the {open_quotes}high-cost{close_quotes} meters. The costs to collect these data were less than $500.« less

Negative ion production in large volume source with small deposition of cesium

DOE Office of Scientific and Technical Information (OSTI.GOV)

Jacquot, C.; Pamela, J.; Riz, D.

1996-03-01

Experimental data on the enhancement of D{sup {minus}} (H{sup {minus}}) negative ion production due to cesium injection into a large volume multiampere negative ion source (MANTIS) are described. The directed deposition of small cesium amounts (5{endash}100 mg) from a compact, movable oven, placed into the central part of a MANTIS gas-discharge box was used. A calorimetrically measured D{sup {minus}} beam with an intensity up to 1.6 A and an extracted current density up to 4.2 mA/cm{sup 2} (beam energy 25 kV) was obtained. Exactly 30 mg of cesium provides at least one month of source operation (1000 pulses with amore » discharge pulse duration of 4 s). The effect of cesium on NI enhancement was immediately displayed after the distributed Cs deposition, but it needed some {open_quote}{open_quote}conditioning{close_quote}{close_quote} of cesium by tens of discharge pulses (or by several hours {open_quote}{open_quote}pause{close_quote}{close_quote}) in the case of a localized Cs deposition. No degradation of extraction-acceleration voltage holding on within the tested range of cesium injection was observed. {copyright} {ital 1996 American Institute of Physics.}« less

Rich, poor share stake in poverty, pollution link

DOE Office of Scientific and Technical Information (OSTI.GOV)

DeCanio, S.J.

A dirty environment and poverty go together, and this link between environmental protection and economic development is creating a new basis for international cooperation, says Stephen J. DeCanio of the University of California at Santa Barbara. [open quotes]Both developed and developing countries have a stake in solving the development/environment impasse,[close quotes] DeCanio adds. [open quotes]Furthermore, the link between these problems offers a fresh opportunity to make progress on both fronts.[close quotes] He says environmental protection expenditures by developed countries can be used to promote the sustainable economic growth of those countries struggling to escape from poverty. The money could bemore » collected in several ways, he notes: from various types of environmental taxes, such as a carbon tax; from environmental user fees; from [open quotes]debt-for nature[close quotes] swaps; and from tradable emissions permits. Such mechanisms transfer resources to developing countries, where they can be applied to economic development-a desired objective, according to DeCanio. [open quotes]The benefits of equitable worldwide growth and development outweigh any temporary loss of wealth developed countries may experience as a result of environmental transfers,[close quotes] he asserts.« less

Market Confidence Predicts Stock Price: Beyond Supply and Demand

PubMed Central

Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Zhang, Yuqing

2016-01-01

Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price. PMID:27391816

Art form as an object of cognitive modeling (towards development of Vygotsky`s semiotic model)

DOE Office of Scientific and Technical Information (OSTI.GOV)

Dmitriev, V.; Perlovsky, L.I.

1996-12-31

We suggest a further development of Vygotsky`s esthetic-semiotic model. First, we discuss Vygotsky`s model originally developed for the analysis of Ivan Bunin`s story {open_quotes}Light Breath{close_quotes}. Vygotsky analyzes formal methods used by Bunin to achieve a specific esthetic effect of {open_quote}lightness{close_quotes} while describing {open_quotes}dirty{close_quotes} events of everyday life. According to Vygotsky, this effect is achieved by ordering of events in a non-linear fashion. Vygotsky creams an airy pattern of smooth lines connecting events of story that he first orders linearly in time. And, he insists that this airy pattern creates an impression of airy lightness. In the language of semiotics, themore » esthetic effect is created by a specific structural organization of signs. Second, we present our critique of Vygotsky`s model. Although, we do not agree with Vygotsky`s sometimes moralistic judgements, and we consider the dynamics between inner personal values and received moral values to be more complicated than implied in his judgements, our critique in this paper is limited to the structure of his semiotic model. We emphasize that Vygotsky`s model does not explicitly account for a hierarchy of multiple levels of semiotic analysis. His analysis regularly slips from one level to another: (1) a lever of cognitive perception by a regular reader is confused with a level of creative genius of a writer; (2) {open_quotes}open{close_quotes} time of real world is mixed up with {open_quote}closed{close_quote} time of the story; (3) events are not organized by the hierarchy of their importance, nor in real world, nor in the inner model of the personages, nor in the story.« less

The air transportation industry birthplace of reliability-centered maintenance

DOE Office of Scientific and Technical Information (OSTI.GOV)

Matteson, T.D.

1996-08-01

The 1980s and 1970s provided a timely opportunity for examining and radically changing the process called {open_quotes}preventive maintenance{close_quotes} as it is applied to the aircraft used for scheduled air transportation. The Federal Aviation Administration and four major airlines, United, American, Pan American and Trans World, were the {open_quotes}principals{close_quotes} in that process. While United`s work with the FAA on the Boeing 737 had opened the door a crack, the Boeing 747 presented a major opportunity to radically improve the process for maintenance program design. That program was guided by the results of United`s analyses of failure data from operations of severalmore » fleets, each larger than 100 aircraft, and the concurrent experience of American, Pan American and Trans World. That knowledge provided the insights necessary to support an entirely different approach to maintenance program design. As a result, while United`s existing maintenance program required scheduled overhaul of 339 items on each DC-8, it required overhaul of only 8 items on the B-7471 Although the initial thrust of that work focused on components of active systems, there was concurrent work focused on items whose principal function was to carry the loads associated with operations. That program focused on the classification of structurally-significant items and their classification as {open_quotes}safe life{close_quotes} or {open_quotes}damage tolerant{close_quote} to determine what periodic replacements or repeated inspections were required. That work came to the attention of the Department of Defense which supported preparation of the book-length report by F. Stanley Nowlan and Howard F. Heap at United Airlines entitled {open_quote}Reliability-Centered maintenance{close_quotes}.« less

Real payoffs and virtual trading in agent based market models

NASA Astrophysics Data System (ADS)

Ferreira, Fernando F.; Marsili, Matteo

2005-01-01

The -Game was recently introduced as an extension of the Minority Game. In this paper we compare this model with the well know Minority Game and the Majority Game models. Due to the inter-temporal nature of the market payoff, we introduce a two step transaction with single and mixed group of interacting traders. When the population is composed of two different group of -traders, they show an anti-imitative behavior. However, when they interact with minority or majority players the $-population imitates the usual behavior of these players. Finally we discuss how these models contribute to clarify the market mechanism.

Deducing the multi-trader population driving a financial market

NASA Astrophysics Data System (ADS)

Gupta, Nachi; Hauser, Raphael; Johnson, Neil

2005-12-01

We have previously laid out a basic framework for predicting financial movements and pockets of predictability by tracking the distribution of a multi-trader population playing on an artificial financial market model. This work explores extensions to this basic framework. We allow for more intelligent agents with a richer strategy set, and we no longer constrain the distribution over these agents to a probability space. We then introduce a fusion scheme which accounts for multiple runs of randomly chosen sets of possible agent types. We also discuss a mechanism for bias removal on the estimates.

DOE Office of Scientific and Technical Information (OSTI.GOV)

Swallow, E.C.

This paper discusses developments in light collection which had their origin in efforts to construct high performance gas Cerenkov detectors for precision studies of hyperon beta decays at the ZGS. The resulting devices, know generally as {open_quotes}compound parabolic concentrators,{close_quotes} have found applications ranging from nuclear and particle physics experiments to solar energy concentration, instrument illumination, and understanding the optics of visual receptors. Interest in these devices and the ideas underlying them stimulated the development of a substantial new subfield of physics: nonimaging optics. This progression provides an excellent example of some ways in which unanticipated - and often unanticipatable -more » applied science and {open_quotes}practical{close_quotes} devices naturally emerge from first-rate basic science. The characteristics of this process suggest that the term {open_quotes}spinoff{close_quotes} commonly used to denote it is misleading and in need of replacement.« less

BASF confirms plans for world-scale cracker on the Gulf Coast

DOE Office of Scientific and Technical Information (OSTI.GOV)

Wood, A.

BASF Corp. has confirmed plans that it will build a world-scale cracker on the Gulf Coast. The company has completed preliminary work, and {open_quotes}the results of our project analysis have been extremely encouraging,{close_quotes} says chemicals president Carl A. Jennings. {open_quotes}We`ll proceed with high priority to have the cracker ready for startup in second-half 2000.{close_quotes} The company says it will select a location for the project by mid-1977. In addition to considering its sites at Geismar, LA; Freeport, TX; and Altamira, Mexico, BASF says that {open_quotes}cooperative arrangements{close_quotes} are being looked at. That could include locating the project at a different site,more » adjacent to a feedstock source, according to Jennings. He says the project could also include joint venture partners.« less

Refinery suppliers face tough times

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rotman, D.; Walsh, K.

1997-03-12

Despite a handful of bright spots in hydroprocessing and petrochemical sectors, economic woes plague much of the refinery and petrochemical catalysts business, as suppliers are feeling the impact of mature markets and refiners` ongoing cost cutting. Industry experts say the doldrums could spur further restructuring in the catalyst business, with suppliers scrambling for market share and jockeying for position in growing sectors. Expect further consolidation over the next several years, says Pierre Bonnifay, president of IFP Enterprises (New York). {open_quotes}There are still too many players for the mature [refinery catalyst] markets.{close_quotes} Others agree. {open_quotes}Only about seven [or] eight major suppliersmore » will survive,{close_quotes} says Robert Allsmiller, v.p./refinery and petrochemical catalysts at United Catalysts Inc. (UCI; Louisville, KY). {open_quotes}Who they [will be] is still up in the air.{close_quotes}« less

Ethanol mandate thrown out by appeals court

DOE Office of Scientific and Technical Information (OSTI.GOV)

Begley, R.

1995-05-10

In a victory for the oil industry, a federal appeals court has overturned EPA`s mandate for ethanol use in reformulated gasoline (REG), saying the agency lacks authority to require 30% of the oxygenate market be reserved for ethanol. EPA says the ruling does not prevent ethanols use in RFG - {open_quotes}It only says that EPA cannot dictate the recipe.{close_quotes} Charles DiBona, president of the American Petroleum Institute (API), says {open_quotes}API and its member companies are not opposed to the use of ethanol as an oxygenate. We oppose this illegal mandate.{close_quotes} Urvan Sternfels, president of the National Petroleum Refiners Association, says,more » {open_quotes}Mandating market shares for any product is unsound economic policy.{close_quotes} The two trade groups led the legal battle against the ethanol requirement.« less

Reformulated gasoline deal with Venezuela draws heat

DOE Office of Scientific and Technical Information (OSTI.GOV)

Begley, R.

A fight is brewing in Congress over a deal to let Venezuela off the hook in complying with the Clean Air Act reformulated gasoline rule. When Venezuela threatened to call for a GATT panel to challenge the rule as a trade barrier, the Clinton Administration negotiated to alter the rule, a deal that members of Congress are characterizing as {open_quotes}secret{close_quotes} and {open_quotes}back door.{close_quotes}

Tertiary tectonic in the Tehuantepec Isthmus, Mexico

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lopez, F.A.

1993-02-01

A microplate model in the basement was proposed according to photointerpretation of satellite imagery and supported with microtectonic studies in the Tehuantepec's Isthmus. The microplate is located in the northwestern part of the [open quotes]Sierra de Chiapas,[close quotes] and structurally has lineaments that correspond with sinestral wrench faults oriented northeast-southwest and dextral faults oriented northwest-southeast. In the front of the microplate, these faults are joined in an arc form. The microplate began its movement forward to the north in the middle Tertiary. This movement originated in a regional compressional stress that was younger to the north. The stress changed themore » orientation of the anticline axis from northwest-southeast to west-east. In its western limit, the stress produces a sinestral shear stress that built a rotational deformation in the [open quotes]Sierra Atravesada,[close quotes] and represents a superimposed tectonic block over an ancient (laramide) orogeny. This system has also produced other secondary transtensional effects oriented northwest-southeast, represented along the [open quotes]Depression Central del Istmo.[close quotes] The microplate has formed a tensional system opening the [open quotes]Superior, Inferior, and Mar Muerto[close quotes] lagoons. The microplate is strongly related with the relief, seismic activity, and the tectonics of the salt of the Tehuantepec's Isthmus.« less

Informational temperature concept and the nature of self-organization

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lin, Shu-Kun

1996-12-31

Self-organization phenomena are spontaneous processes. Their behavior should be governed by the second law of thermodynamics. The dissipative structure theory of the Prigogine school of thermodynamics claims that {open_quotes}order out of chaos{close_quotes} through {open_quotes}self-organization{close_quotes} and challenges the validity of the second law of thermodynamics. Unfortunately this theory is questionable. Therefore we have to reconsider the related fundamental theoretical problems. Informational entropy (S) and information (I) are related by S = S{sub max} - I, where S{sub max} is the maximum informational entropy. This conforms with the broadly accepted definition that entropy is the information loss. As informational entropy concept hasmore » been proved to be useful, it will be convenient to define an informational temperature, T{sub I}. This can be related to energy E and the informational entropy S. Information registration is a process of {Delta}I > 0, or {Delta}S < 0, and involves the energetically excited states ({Delta}E > 0). Therefore, T{sub I} is negative, and has the opposite sign of the conventional thermodynamic temperature, T. This concept is useful for clarifying the concepts of {open_quotes}order{close_quotes} and {open_quotes}disorder{close_quotes} of static structures and characterizing many typical information loss processes of self-organization.« less

Comment on [open quotes]Nonlocality, counterfactuals, and quantum mechanics[close quotes

DOE Office of Scientific and Technical Information (OSTI.GOV)

Stapp, H.P.

A recent proof [H. P. Stapp, Am. J. Phys. [bold 65], 300 (1997)], formulated in the symbolic language of modal logic, claims to show that contemporary quantum theory, viewed as a set of rules that allow us to calculate statistical predictions among certain kinds of observations, cannot be imbedded in any rational framework that conforms to the principles that (1) the experimenters[close quote] choices of which experiments they will perform can be considered to be free choices, (2) outcomes of measurements are unique, and (3) the free choices just mentioned have no backward-in-time effects of any kind. This claim ismore » similar to Bell[close quote]s theorem, but much stronger, because no reality assumption alien to quantum philosophy is used. The paper being commented on [W. Unruh, Phys. Rev. A [bold 59], 126 (1999)] argues that some such reality assumption has been [open quotes]smuggled[close quotes] in. That argument is examined here and shown, I believe, to be defective. [copyright] [ital 1999] [ital The American Physical Society]« less

Some questions concerning safety on emergency landing in dense layers of the atmosphere of radionuclide energy sources based on plutonium-238 for autonomous station {open_quote}{open_quote}MARS-94/96{close_quote}{close_quote}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Makhorin, O.I.; Pustovalov, A.A.; Zhabin, V.N.

1996-03-01

This paper describes results of investigations of questions concerning integrity keeping for an ampula containing radionuclide fuel (Pu-238) under conditions of emergency landing in dense layers of the atmosphere and under conditions of fire on launching pad. {copyright} {ital 1996 American Institute of Physics.}

Hydropower application of confined space regulations

DOE Office of Scientific and Technical Information (OSTI.GOV)

Franseen, H.W.

1995-12-31

OSHA`s {open_quotes}Permit Required Confined Space{close_quotes} rules, 1910.146, became effective April 15, 1993. Their rules define a {open_quotes}confined space{close_quotes} and {open_quotes}permit required confined space{close_quotes}; provide general requirements for those entering the confined space, for the attendant and entry supervisor; define what a confined space program and permit system should be; and describe training requirements and rescue considerations. Tapoco Inc., began preparing confined space procedures in 1992 using Alcoa Engineering Standards and OSHA`s proposed rules. A joint union management team was formed, and this team began evaluating spaces which meet the confined space definition. In 1993, employees were trained, and all entriesmore » into spaces were done according to Alcoa`s and OSHA`s proposed rules. Rescue teams have been trained at each site. Some unique confined spaces and or unique entry conditions have been encountered which have required extensive evaluation.« less

Report on annual utility oil buyers conference

DOE Office of Scientific and Technical Information (OSTI.GOV)

Stambler, K.

1994-08-01

What was discussed at this year`s Utility Oil Buyers` Conference is summarized. This year`s conference was held in Boston and there were over 200 attendees representing over 130 different companies from the utility, oil trading, consulting and inspection industries. Attendees for this year`s came from as far away as Italy and Argentina. The mood at this year`s conference was somber, as each sector is feeling the effects of the decline in residual fuel oil demand--due to natural gas displacement, non-utility generation and an economy that is still lethargic. The topics that were covered ranged from {open_quotes}Life after Order 636{close_quotes} tomore » {open_quotes}Does Residual Fuel Oil Have a Future in a Utility Steam Boiler?{close_quotes} to {open_quotes}The Future of Shipping after OPA of 1990.{close_quotes} In addition, there were several topics that have been or will be covered at this conference.« less

Vulnerability and Knowledge of Sexually Transmitted Infections Among Female Traders of Reproductive Age in Enugu, Nigeria

PubMed Central

Ikeako, LC; Ekwueme, OC; Ezegwui, HU; Okeke, TOC

2014-01-01

Background: Sexually transmitted infections (STIs) constitute major public health concern and enigma. A comprehensive knowledge of the modes of transmission is necessary to evolve an effective preventive strategy. Aim: The aim of the study is to assess the vulnerability, knowledge and prevention of STIs among female traders of reproductive age in Enugu, Southeast Nigeria. Subjects and Methods: This was a cross-sectional descriptive study carried out on female traders aged 15-49 years at Ogbete Main Market, Enugu, Southeast Nigeria. Data was analyzed using Epi-Info 2000 version 3.3.1 Centers for Disease Control and Prevention Atlanta USA) was used to analyze the data and results were presented in tabular form. Results: A total of 200 female traders of reproductive age participated in the study. The mean (standard deviation) age was 26 (7.4) years. 16% (32/200) were adolescents. Knowledge of specific STIs was highest for human immunodeficiency virus/acquired immune deficiency syndrome 90% (130/200). Parents were poor sources of information as only 28.5% (57/200) respondents heard about STIs from their parents compared with 46% (92/200) from friends and peers. Risk factors identified were multiple sexual partners 75.5% (151/200), non-use of condoms 62% (124/200) and early debut 58% (116/200). Majority 67.5% (135/200) were aware that STIs could be treated by a visit to the doctor while 21.5% (43/200) preferred traditional/herbal healers. Conclusion: The inclusion of health education in schools’ curricula to ensure that adolescents are adequately aware of STIs, their modes of transmission, prevention and treatment before embarking on any vocation out-of-school is advocated. PMID:24669343

Evidence of Allergic Reactions and Cardiopulmonary Impairments among Traders Operating from Foodstuff Warehouses

PubMed Central

Egbosionu, Viola; Ibeneme, Georgian; Ezuma, Amarachi; Ettu, Theresa; Nwankwo, Joseph; Limaye, Dnyanesh; Nna, Emmanuel

2016-01-01

Background. Foodstuff traders operating from warehouses (FTFW) are potentially exposed to dangerous rodenticides/pesticides that may have adverse effects on cardiopulmonary function. Methods. Fifty consenting male foodstuff traders, comprising 15 traders (21–63 years) operating outside warehouses and 35 FTFW (20–64 years), were randomly recruited at Ogbete Market, Enugu, in a cross-sectional observational study of spirometric and electrocardiographic parameters. Seventeen FTFW (21–57 years) participated in focus group discussions. Qualitative and quantitative data were analysed thematically and with independent t-test and Pearson correlation coefficient at p < 0.05, respectively. Results. Most FTFW experienced respiratory symptoms, especially dry cough (97.1%) and wheezing (31.4%) with significant reductions in forced vital capacity (FVC) (t = −2.654; p = 0.011), forced expiratory volume in one second (FEV1) (t = −2.240; p = 0.030), maximum expiratory flow rate (FEF200–1200) (t = −1.148; p = −0.047), and forced end-expiratory flow (FEF75–85) (t = −1.11; p = 0.007). The maximum mid-expiratory flow (FEF25–75) was marginally decreased (p > 0.05) with a significantly prolonged (p < 0.05) QTc interval. Conclusion. Allergic response was evident in the FTFW. Significant decrease in FVC may negatively impact lung flow rates and explains the marginal decrease in FEF25–75, which implies a relative limitation in airflow of peripheral/distal airways and elastic recoil of the lungs. This is consistent with obstructive pulmonary disease; a significant decrease in FEF75–85/FEV1 supports this conclusion. Significant decrease in FEF200–1200 indicates abnormalities in the large airways/larynx just as significantly prolonged ventricular repolarization suggests cardiac arrhythmias. PMID:28116288

Health physics aspects of advanced reactor licensing reviews

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hinson, C.S.

1995-03-01

The last Construction Permit to be issued by the U.S. Nuclear Regulatory Commission (NRC) for a U.S. light water reactor (LWR) was granted in the late 1970s. In 1989 the NRC issued 10 CFR Part 52 which is intended to serve as a framework for the licensing of future reactor designs. The NRC is currently reviewing four different future on {open_quotes}next-generation{close_quotes} reactor designs. Two of these designs are classified as evolutionary designs (modified versions of current generation LWRs) and two are advanced designs (reactors incorporating simplified designs and passive means for accident mitigation). These {open_quotes}next-generation{close_quotes} reactor designs incorporate many innovativemore » design features which are intended to maintain personnel doses ALARA and ensure that the annual average collective dose at these reactors does not exceed 100 person-rems (1 person-sievert) per year. This paper discusses some of the ALARA design features which are incorporated in the four {open_quotes}next-generation{close_quotes} reactor designs incorporate many innovative design features which are intended to maintain personnel doses ALARA and ensure that the annual average collective dose at these reactors does not exceed 100 person-rems (1 person-sievert) per year. This paper discusses some of the ALARA design features which are incorporated in the four {open_quotes}next-generation{close_quotes} reactor designs currently being reviewed by the NRC.« less

Molecular deletion mapping of the Y chromosome in males with idiopathic azoospermia reveals a new class of microdeletions located in middle Yq11

DOE Office of Scientific and Technical Information (OSTI.GOV)

Farah, S.B.; Ramos, C.F.; Bortoletto, R.K.

1994-09-01

Microdeletions in proximal and distal Yq11 found {open_quotes}de novo{close_quotes} in males with idiopathic azoospermia or a severe oligospermia suggested that these Y mutations interrupt the gene structure(s) of a spermatogenesis function located in Yq11 and defined earlier as AZF. Using an extended interval map, dividing Yq11 into 22 subintervals (D1-D22) a third class of microdeletions could now be mapped in middle Yq11. It was found {open_quotes}de novo{close_quotes} in two sterile males with idiopathic azoospermia. Histological analysis of testes tissue sections of both males reveals arrest of spermatogenesis during the pachytene stage. Y-mutations in proximal Yq11 were usually associated to anmore » arrest of spermatogenesis before the proliferation phase of spermatogonia; the corresponding Y gene was defined as {open_quotes}AZFa{close_quotes}. It is, therefore, assumed that the new class of microdeletions, observed now in the middle of Yq11, disrupt another Y spermatogenesis gene expressed during the spermatocyte stage and defined earlier as {open_quotes}AZFb{close_quotes}. Experimental evidence presented during the meeting will try to confirm this view discussing a series of Y genes (AZFa,b,c,...) in Yq11 functioning at different stages during human spermatogenesis.« less

Using Residential Solar Photovoltaic Quote Data to Analyze the Relationship

Science.gov Websites

installers accounted for more than 60% of systems. This report analyzes the effects of this market residential PV quotes from the third-party quote provider EnergySage to study the effects of installer size on

Is parallel trade in medicines compatible with the single European market?

PubMed

Senior, I

1992-01-01

For many years the varying methods of price control of medicines by national governments in the European Community (and elsewhere) have resulted in wide variations in prices. Parallel traders buy products in low pricing Community countries and sell them, generally relabelled or repackaged, in high pricing Community countries. This practice diverts sales revenue and profits from the manufacturers to the traders, distributors, pharmacists and, in some measure, to the sickness funds and to some patients. While parallel trade appeals to those who gain financially, its basis is a market distortion that poses a significant threat to the future of the research-based pharmaceutical industry.

Long-range correlations in an online betting exchange for a football tournament

NASA Astrophysics Data System (ADS)

Hardiman, Stephen J.; Richmond, Peter; Hutzler, Stefan

2010-10-01

We analyze the changes in the market odds of football matches in an online betting exchange, Betfair.com. We identify the statistical differences between the returns that occur when the game play is under way, which we argue are driven by match events, and the returns that occur during half-time, which we ascribe to a trader-driven noise. Furthermore, using detrended fluctuation analysis we identify anti-persistence (Hurst exponent H<0.5) in odds returns and long memory (H>0.5) in the volatilities, which we attribute to the trader-driven noise. The time series of trading volume are found to be short-memory processes.

Investment strategies used as spectroscopy of financial markets reveal new stylized facts.

PubMed

Zhou, Wei-Xing; Mu, Guo-Hua; Chen, Wei; Sornette, Didier

2011-01-01

We propose a new set of stylized facts quantifying the structure of financial markets. The key idea is to study the combined structure of both investment strategies and prices in order to open a qualitatively new level of understanding of financial and economic markets. We study the detailed order flow on the Shenzhen Stock Exchange of China for the whole year of 2003. This enormous dataset allows us to compare (i) a closed national market (A-shares) with an international market (B-shares), (ii) individuals and institutions, and (iii) real traders to random strategies with respect to timing that share otherwise all other characteristics. We find in general that more trading results in smaller net return due to trading frictions, with the exception that the net return is independent of the trading frequency for A-share individual traders. We unveiled quantitative power laws with non-trivial exponents, that quantify the deterioration of performance with frequency and with holding period of the strategies used by traders. Random strategies are found to perform much better than real ones, both for winners and losers. Surprising large arbitrage opportunities exist, especially when using zero-intelligence strategies. This is a diagnostic of possible inefficiencies of these financial markets.

An Investment Behavior Analysis using by Brain Computer Interface

NASA Astrophysics Data System (ADS)

Suzuki, Kyoko; Kinoshita, Kanta; Miyagawa, Kazuhiro; Shiomi, Shinichi; Misawa, Tadanobu; Shimokawa, Tetsuya

In this paper, we will construct a new Brain Computer Interface (BCI), for the purpose of analyzing human's investment decision makings. The BCI is made up of three functional parts which take roles of, measuring brain information, determining market price in an artificial market, and specifying investment decision model, respectively. When subjects make decisions, their brain information is conveyed to the part of specifying investment decision model through the part of measuring brain information, whereas, their decisions of investment order are sent to the part of artificial market to form market prices. Both the support vector machine and the 3 layered perceptron are used to assess the investment decision model. In order to evaluate our BCI, we conduct an experiment in which subjects and a computer trader agent trade shares of stock in the artificial market and test how the computer trader agent can forecast market price formation and investment decision makings from the brain information of subjects. The result of the experiment shows that the brain information can improve the accuracy of forecasts, and so the computer trader agent can supply market liquidity to stabilize market volatility without his loss.

Effects of liberalizing the natural gas market in western Europe

DOE Office of Scientific and Technical Information (OSTI.GOV)

Golombek, R.

1995-12-31

This paper uses a numerical model to examine the long-run impact of a radical liberalization of the West-European natural gas markets. We study profit maximizing Cournot producers facing an ideal third party access regime for gas transport. producers sell gas weather to large users in the manufacturing industry and to gas-fired thermal power plants, or to loval distribution companies. We first examine the case where no traders exploit arbitrage possibilities and some producers have limited access to the markets. In this equilibrium net prices differ across markets. These differences disappear in the second case where traders are introduced. The thirdmore » case focuses on a complete European market for natural gas in which traders exploit all arbitrage possibilities and all producers can sell gas in all markets. We also study the impact on the complete European market of changes in costs for production, transport, and distribution. Finally, welfare implications from a liberalization of the West-European natural gas markets are discussed. We argue that a radical liberalization could increase economic welfare in Western Europe by 15% to 20% in the long run. 35 refs., 9 tabs.« less

Emergence of Cooperative Long-Term Market Loyalty in Double Auction Markets.

PubMed

Alorić, Aleksandra; Sollich, Peter; McBurney, Peter; Galla, Tobias

2016-01-01

Loyal buyer-seller relationships can arise by design, e.g. when a seller tailors a product to a specific market niche to accomplish the best possible returns, and buyers respond to the dedicated efforts the seller makes to meet their needs. We ask whether it is possible, instead, for loyalty to arise spontaneously, and in particular as a consequence of repeated interaction and co-adaptation among the agents in a market. We devise a stylized model of double auction markets and adaptive traders that incorporates these features. Traders choose where to trade (which market) and how to trade (to buy or to sell) based on their previous experience. We find that when the typical scale of market returns (or, at fixed scale of returns, the intensity of choice) become higher than some threshold, the preferred state of the system is segregated: both buyers and sellers are segmented into subgroups that are persistently loyal to one market over another. We characterize the segregated state analytically in the limit of large markets: it is stabilized by some agents acting cooperatively to enable trade, and provides higher rewards than its unsegregated counterpart both for individual traders and the population as a whole.

Unveiling correlations between financial variables and topological metrics of trading networks: Evidence from a stock and its warrant

NASA Astrophysics Data System (ADS)

Li, Ming-Xia; Jiang, Zhi-Qiang; Xie, Wen-Jie; Xiong, Xiong; Zhang, Wei; Zhou, Wei-Xing

2015-02-01

Traders develop and adopt different trading strategies attempting to maximize their profits in financial markets. These trading strategies not only result in specific topological structures in trading networks, which connect the traders with the pairwise buy-sell relationships, but also have potential impacts on market dynamics. Here, we present a detailed analysis on how the market behaviors are correlated with the structures of traders in trading networks based on audit trail data for the Baosteel stock and its warrant at the transaction level from 22 August 2005 to 23 August 2006. In our investigation, we divide each trade day into 48 rolling time windows with a length of 5 min, construct a trading network within each window, and obtain a time series of over 11,600 trading networks. We find that there are strongly simultaneous correlations between the topological metrics (including network centralization, assortative index, and average path length) of trading networks that characterize the patterns of order execution and the financial variables (including return, volatility, intertrade duration, and trading volume) for the stock and its warrant. Our analysis may shed new lights on how the microscopic interactions between elements within complex system affect the system's performance.

Emergence of Cooperative Long-Term Market Loyalty in Double Auction Markets

PubMed Central

Alorić, Aleksandra; Sollich, Peter; McBurney, Peter; Galla, Tobias

2016-01-01

Loyal buyer-seller relationships can arise by design, e.g. when a seller tailors a product to a specific market niche to accomplish the best possible returns, and buyers respond to the dedicated efforts the seller makes to meet their needs. We ask whether it is possible, instead, for loyalty to arise spontaneously, and in particular as a consequence of repeated interaction and co-adaptation among the agents in a market. We devise a stylized model of double auction markets and adaptive traders that incorporates these features. Traders choose where to trade (which market) and how to trade (to buy or to sell) based on their previous experience. We find that when the typical scale of market returns (or, at fixed scale of returns, the intensity of choice) become higher than some threshold, the preferred state of the system is segregated: both buyers and sellers are segmented into subgroups that are persistently loyal to one market over another. We characterize the segregated state analytically in the limit of large markets: it is stabilized by some agents acting cooperatively to enable trade, and provides higher rewards than its unsegregated counterpart both for individual traders and the population as a whole. PMID:27120473

We Bomb, Therefore We Are: The Evolution of Terrorist Group Life Cycles

DTIC Science & Technology

1994-03-24

and arms robberies peaked during this phase, a marked qhift toward political action occurred. 𔃺°Quoted in Gilio , Tupamaros, 79 and 82. "•Ucbano...52. 蕀Quoted in Gilio , 120. 63 Claude Fly on 7 August 1970: and ended with abduction of British Ambassador Geoffrey Jackson on 8 January 1971...stabilize the present system "•’Quoted in della Porta, "Political Socialization," 273. 2 Quoted in Gilio , Tupamaros, 78. 2mIbid., 268. 14Ibid., 270. 124

Proactive investigation of hydrocarbons released into a linked groundwater-surfacewater hydrologic system: Chevron Estero Marine Terminal

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tormey, D.; Waldron, J.; Culbertson, D.

When regulatory concern is high, it is critical to address potential ecological impacts early, and hence [open quotes]close the door[close quotes] on further unnecessary studies, as illustrated by the Chevron Estero Marine Terminal case study. Cutter stock (diesel-like hydrocarbons) leaked from a facility sump, reached the water table, and migrated laterally an unknown distance. Media reports led to heightened public and regulatory concern, and the information gap led to worst-case assumptions about the extent and impact of the release to the biota of a nearby creek (Toro Creek). Chevron undertook a rapid assessment with two goals: define the extent ofmore » cutter stock in soil and groundwater, and close the door on expensive biological studies of Toro Creek. The assessment consisted of installing a large number of small-diameter soil borings and temporary well points, monitor wells, and analyzing soil, groundwater, and hydraulic gradient. The information gap was very rapidly filled with the following comprehensive picture: (1) the cutter stock had mixed with heavy crude oil, was highly adsorptive to soil and practically insoluble in water; (2) the cutter stock had not reached Toro Creek; (3) Toro Creek is always a losing stream, hydraulically connected to groundwater beneath the Chevron facility; (4) the groundwater basin is isolated by bedrock boundaries. Early attention to Toro Creek and the Pacific Ocean, and open communication with concerned agencies effectively limited the investigation to soil and water.« less

Proactive investigation of hydrocarbons released into a linked groundwater-surfacewater hydrologic system: Chevron Estero Marine Terminal

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tormey, D.; Waldron, J.; Culbertson, D.

When regulatory concern is high, it is critical to address potential ecological impacts early, and hence {open_quotes}close the door{close_quotes} on further unnecessary studies, as illustrated by the Chevron Estero Marine Terminal case study. Cutter stock (diesel-like hydrocarbons) leaked from a facility sump, reached the water table, and migrated laterally an unknown distance. Media reports led to heightened public and regulatory concern, and the information gap led to worst-case assumptions about the extent and impact of the release to the biota of a nearby creek (Toro Creek). Chevron undertook a rapid assessment with two goals: define the extent of cutter stockmore » in soil and groundwater, and close the door on expensive biological studies of Toro Creek. The assessment consisted of installing a large number of small-diameter soil borings and temporary well points, monitor wells, and analyzing soil, groundwater, and hydraulic gradient. The information gap was very rapidly filled with the following comprehensive picture: (1) the cutter stock had mixed with heavy crude oil, was highly adsorptive to soil and practically insoluble in water; (2) the cutter stock had not reached Toro Creek; (3) Toro Creek is always a losing stream, hydraulically connected to groundwater beneath the Chevron facility; (4) the groundwater basin is isolated by bedrock boundaries. Early attention to Toro Creek and the Pacific Ocean, and open communication with concerned agencies effectively limited the investigation to soil and water.« less

Ag Data Commons Monthly Metrics | National Agricultural Library

Science.gov Websites

and Nutrition Service(84)","value":"Food and Nutrition Service(84)"," and Nutrition Service(84)","value":"Food and Nutrition Service(84)"," and Nutrition Service(84)","value":"Food and Nutrition Service(84)","

Knowledge assistant for robotic environmental characterization

DOE Office of Scientific and Technical Information (OSTI.GOV)

Feddema, J.; Rivera, J.; Tucker, S.

1996-08-01

A prototype sensor fusion framework called the {open_quotes}Knowledge Assistant{close_quotes} has been developed and tested on a gantry robot at Sandia National Laboratories. This Knowledge Assistant guides the robot operator during the planning, execution, and post analysis stages of the characterization process. During the planning stage, the Knowledge Assistant suggests robot paths and speeds based on knowledge of sensors available and their physical characteristics. During execution, the Knowledge Assistant coordinates the collection of data through a data acquisition {open_quotes}specialist.{close_quotes} During execution and postanalysis, the Knowledge Assistant sends raw data to other {open_quotes}specialists,{close_quotes} which include statistical pattern recognition software, a neural network,more » and model-based search software. After the specialists return their results, the Knowledge Assistant consolidates the information and returns a report to the robot control system where the sensed objects and their attributes (e.g., estimated dimensions, weight, material composition, etc.) are displayed in the world model. This report highlights the major components of this system.« less

Guaranteeing safety in spatially situated agents

DOE Office of Scientific and Technical Information (OSTI.GOV)

Kohout, R.C.; Hendler, J.A.; Musliner, D.J.

1996-12-31

{open_quote}Mission-critical{close_quotes} systems, which include such diverse applications as nuclear power plant controllers, {open_quotes}fly-by-wire{close_quotes} airplanes, medical care and monitoring systems, and autonomous mobile vehicles, are characterized by the fact that system failure is potentially catastrophic. The high cost of failure justifies the expenditure of considerable effort at design-time in order to guarantee the correctness of system behavior. This paper examines the problem of guaranteeing safety in a well studied class of robot motion problems known as the {open_quotes}asteroid avoidance problem.{close_quotes} We establish necessary and sufficient conditions for ensuring safety in the simple version of this problem which occurs most frequently inmore » the literature, as well as sufficient conditions for a more general and realistic case. In doing so, we establish functional relationships between the number, size and speed of obstacles, the robot`s maximum speed and the conditions which must be maintained in order to ensure safety.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Cheng, J.; Liu, C.; Koopman, W.J.

Ligation of the Fas cell-surface molecule induces apoptosis. Defective Fas-mediated apoptosis has been associated with spontaneous autoimmunity in mice. Using human Fas/Apo-1 cDNA as a probe, the authors have molecularly cloned and characterized the human Fas chromosomal gene. The gene consists of nine exons and spans more than 26 kilobases of DNA. The lengths of introns vary from > 14 kilobases at the 5` end of the gene to 152 base pairs upstream of the exon encoding the transmembrane domain. The domain structure of the human Fas is encoded by an exon or a set of exons. Primer extension analysismore » revealed three major transcription initiation sites. The promoter region lacked canonical {open_quotes}TATA{close_quotes} and {open_quotes}CAAT{close_quotes} boxes but was a {open_quotes}GC-rich{close_quotes} sequence, and contained consensus sequences for AP-1, GF-1, NY-Y, CP-2, EBP20, and c-myb. These data provide the first characterization of the human Fas gene and insight into its regulatory region. 54 refs., 3 figs., 1 tab.« less

When intelligence is in control

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bellman, K.L.

Each time a discipline redefines itself, I look at it as a sign of growth, because often such redefinition means that there is new theory, new methods, or new {open_quotes}disciples{close_quote} from other disciplines who are stretching, enlarging, and deepening the field. Such is the case with semiotics. Deeply entwined with the concepts of {open_quotes}intelligent systems{close_quotes}, {open_quotes}intelligent control{close_quotes}, and complex systems theory, semiotics struggles to develop representations, notations (systems of representations), and models (functionally-oriented sets of related representations) to study systems that may or may not be usefully described as employing representations, notations, and models themselves. That last, of course, ismore » the main problem that semiotics faces. Semiotics, like psychology, philosophy, or any other self-referential discipline, is burdened by the eye attempting to study the eye or the mind studying the mind, or more to the point here, the modeler studying the modeling acts of others.« less

Deregulation 1993: Be careful what you wish for, you might get it

DOE Office of Scientific and Technical Information (OSTI.GOV)

Scotto, D.

This article tries to assess the response at the electric industry to deregulation. The industry most probably will consolidate to reduce operating costs and expand access to other transmission grids. In addition, the cheapest power likely will be [open quotes]dedicated[close quotes] to retail customers (namely, those under a franchise obligation), and [open quotes]residual[close quotes] generating capacity will be placed in the wholesale market. Surplus capacity (the most expensive capacity) could be dedicated to the wholesale sector, allowing market forces to decide the future price of incremental generation. The outcome will be influenced heavily by corporate restructuring initiatives, regulatory willingness ormore » opposition, legal victories by large-scale users, and transmission access policies at the state and federal levels. Changes is definitely underway, but [open quotes]what[close quotes] the industry will look like is unclear. The financial consequences of this change are more easily identified. Evidently, internal pricing pressures and the breakdown of regulatory pricing structures (a trend that has been underway for nearly a decade) have combined to produce a more risky industry. To compensate investors, capital markets could demand increases returns and different corporate structures. Many of the financial benefits currently enjoyed by utilities, such as lower earnings/coverage tests and greater debt leverage than other [open quotes]industrial[close quotes] corporations, may have to change. Stepping out from under the protection of the regulatory umbrella will carry certain costs.« less

Respirators, internal dose, and Oyster Creek

DOE Office of Scientific and Technical Information (OSTI.GOV)

Michal, R.

1996-06-01

This article looks at the experience of Oyster Creek in relaxing the requirements for the use of respirators in all facets of plant maintenance, on the overall dose received by plant maintenance personnel. For Roger Shaw, director of radiological controls for three years at GPU Nuclear Corporation`s Oyster Creek nuclear plant the correct dose balance is determined on a job-by-job basis: Does the job require a respirator, which is an effective means of decreasing worker inhalation of airborne radioactive particles? Will wearing a respirator slow down a worker, consequently increasing whole body radiation exposure by prolonging the time spent inmore » fields of high external radiation? How does respiratory protection affect worker safety and to what degree? While changes to the Nuclear Regulatory Commission`s 10CFR20 have updated the radiation protection requirements for the nuclear industry, certain of the revisions have been directed specifically at reducing worker dose, Shaw said. {open_quotes}It basically delineates that dose is dose,{close_quotes} Shaw said, {open_quotes}regardless of whether it is acquired externally or internally.{close_quotes} The revision of Part 20 changed the industry`s attitude toward internal dose, which had always been viewed negatively. {open_quotes}Internal dose was always seen as preventable by wearing respirators and by using engineering techniques such as ventilation control and decontamination,{close_quotes} Shaw said, {open_quotes}whereas external dose, although reduced where practical, was seen as a fact of the job.{close_quotes}« less

Department of Energy ALARA implementation guide. Response to the Health Physics Society

DOE Office of Scientific and Technical Information (OSTI.GOV)

Connelly, J.M.

1995-03-01

In the August 1993 Health Physics Society (HPS) newsletter, the HPS Scientific and Public Issues Committee published a Position Statement entitled {open_quotes}Radiation Protection of the Public and the Environment.{close_quotes}. In this article, this HPS committee made the statement that they were deeply concerned by the trend for agencies to incorporate the ALARA concept as a regulatory requirements, without providing specific guidance as to what it means and how to implement it consistently. The HPS position paper was in response to the DOE notice on proposed rulemaking for Title 10 Code of Federal Regulations Part 834, {open_quotes}Radiation Protection of the Publicmore » and the Environment{close_quotes} (10 CFR 834). In the notice of proposed rulemaking for 10 CFR 834, the Department of Energy (DOE) defined ALARA as follows: {open_quotes}As used in this part, ALARA is not a dose limit, but rather a process which has the objective of attaining doses as far below the applicable limit of this part as is reasonably achievable{close_quotes} (10 CFR 834.2, p. 16283 of the Federal Register). The HPS position paper continues, {open_quotes}The section goes on to elaborate on what is meant by a process without providing sufficient guidance to assure uniform applicability of the process.{close_quotes}. Although this concern is directed towards the ALARA process as it relates to the environment, the Office of Health, which is responsible for occupational workers, shares the same definition for ALARA.« less

Using Defined Processes as a Context for Resilience Measures

DTIC Science & Technology

2011-12-01

processes. 1 "W. Edwards Deming." BrainyQuote.com. Xplore Inc, 2010. Accessed September 22, 2011. http://www.brainyquote.com/quotes/quotes/w...process owner of this process element or another related organizational home page, e.g., Software Engineering Institute, IEEE or a government regulatory

76 FR 77038 - Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-12-09

... currently disincentivize aggressive displayed quoting by permitting pegging e-Quotes to eliminate the... to display aggressive prices, a participant may be reluctant to enter such displayed interest if a... interest. Accordingly, the proposal is designed to incentivize and reward aggressive displayed quoting by...

DOE Office of Scientific and Technical Information (OSTI.GOV)

Huttrer, G.W.

This report summarizes the investigation and evaluation of several {open_quotes}compact{close_quotes} drill rigs which could be used for drilling geothermal production wells. Use of these smaller rigs would save money by reducing mobilization costs, fuel consumption, crew sizes, and environmental impact. Advantages and disadvantages of currently-manufactured rigs are identified, and desirable characteristics for the {open_quotes}ideal{close_quotes} compact rig are defined. The report includes a detailed cost estimate of a specific rig, and an evaluation of the cost/benefit ratio of using this rig. Industry contacts for further information are given.

Progress report No. 2, design of new pile area {open_quotes}G,{close_quotes} Project C-300, Atomic Energy Commission Directive HW-104

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lowe, P.E.

1950-01-16

This document is the progress report for the design and development of Pile Area {open_quotes}G{close_quotes}, to cover the period June 1, 1949 to December 31, 1949. This project represents the major effort of the Reactor Division of the Design and Construction Divisions. It is being pursued with the aim of being able to incorporate the major project objectives in a finished pile design if that design is begun about January, 1951.

Diffraction of electrons at intermediate energies: The role of phonons

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ascolani, H.; Zampieri, G.

1996-07-01

The intensity of electrons reflected {open_quote}{open_quote}elastically{close_quote}{close_quote} from crystalline surfaces presents two regimes: the low-energy or LEED regime ({lt}500 eV), in which the electrons are reflected along the Bragg directions, and the intermediate-energy or XPD/AED regime ({gt}500 eV), in which the maxima of intensity are along the main crystallographic axes. We present a model which explains this transition in terms of the excitation/absorption of phonons during the scattering. {copyright} {ital 1996 American Institute of Physics.}

[open quotes]Sonya[close quotes] explains

DOE Office of Scientific and Technical Information (OSTI.GOV)

Moss, N.

This article describes observations of Ruth Werner from when she was an agent of the Soviet espionage service (code name [open quotes]Sonya[close quotes]) as related in her interview with the author. The main topics covered in the interview include her opinion and relationship with Klaus Fuchs, the German-born British physicist who passed the secrets of the first atomic bomb to the Russians, and her views on German reunification. Ruth focuses her discussion on her dedication to making the world a better place and the disillusionment she has felt as she reminisces about her past.

Tank 241-C-112 vapor sampling and analysis tank characterization report. Revision 1

DOE Office of Scientific and Technical Information (OSTI.GOV)

Huckaby, J.L.

1995-05-31

Tank 241-C-112 headspace gas and vapor samples were collected and analyzed to help determine the potential risks to tank farm workers due to fugitive emissions from the tank. The drivers and objectives of waste tank headspace sampling and analysis are discussed in {open_quotes}Program Plan for the Resolution of Tank Vapor Issues.{close_quotes} Tank 241-C-112 was vapor sampled in accordance with {open_quotes}Data Quality Objectives for Generic In-Tank Health and Safety Issue Resolution.{close_quotes}

A new structure related to the layered cuprates: The {open_quotes}1201{angstrom} shear-like phase Tl{sub 5}Ba{sub 3}Sr{sub 5}Cu{sub 3}O{sub 19}, third member of the series (TlA{sub 2}CuO{sub 5}){sub m}{center_dot}Tl{sub 2}A{sub 2}O{sub 4}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Letouze, F.; Martin, C.; Hervieu, M.

1997-01-01

A thallium cuprate, Tl{sub 5}Ba{sub 3}Sr{sub 5}Cu{sub 3}O{sub 19}, whose structure can be derived by systematically shearing the {open_quotes}1201{close_quotes} structure has been synthesized for the first time. It crystallizes in an orthorhombic cell with a=3.7536(2) {angstrom}, b=30.631(2) {angstrom}, c=9.219(1) {angstrom}, and A-type symmetry. This new structure consists of {open_quotes}1201{close_quotes} ribbons parallel to (010) which are three CuO{sub 6} octahedra wide and are interconnected through {open_quotes}Tl{sub 2}A{sub 2}O{sub 4}{close_quotes} ribbons whose cationic configuration is that of the rock salt structure. This phase can be considered to be the m = 3 member of a new series with the generic formulation (TlA{submore » 2}CuO{sub 5}){sub m} {center_dot} Tl{sub 2}A{sub 2}O{sub 4} with A = Ba, Sr.« less

Thermal and time-temperature index (TTI) patterns during geologic evolution of north and central Gulf of Mexico

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lowrie, A.; Hamiter, R.; Fogarty, M.A.

1996-09-01

Regional thermal and Time-Temperature Index (TTI) contours were prepared for 12 dip paleo-tectonic reconstructions extending from central Arkansas to the central Gulf Basin. The first 9 reconstructions are based on back-stripping of Series-long sequences above the Louann Salt with the salt not restored. Additional reconstructions through Lower Jurassic set a geologic scenario prior to continental rifting. The reconstructions with salt not restored reveal a paleo-Sigsbee salt wedge, undergirding the Upper Jurassic to Pleistocene continental slope, has been a {open_quotes}permanent{close_quotes} ocean-side feature of the prograding margin, a salt-sediment geometry not in existent salt tectonic theories. Such a permanent and laterally migratingmore » {open_quotes}salt nose{close_quotes} provides an obstacle against which descending gravity-driven sediments can interact, creating reservoir-grade deposits against protruding salts features. The nose migration has left a lubricating layer of salt welds and other features. This salt-surrounded unit, beneath and downdip, may be termed a {open_quotes}salt-floored sub-basin{close_quotes} containing mostly {open_quotes}shallow{close_quotes} sediments of coastal plain, shelf, and slope genesis and growing through time. By Lower Cretaceous (131-96 mybp) times, the salt-floored basin updip from the then Sigsbee salt wedge was deep enough, approximately 5-7 km, that hydrocarbon maturation had begun. In the Upper Cretaceous (96-66 mybp), hydrocarbon maturation extended to sediments along flanks of the recently extinct mid-ocean ridge. From then to the present, ever more of the sedimentary volume has been subject to maturation.« less

Sequence stratigraphic re-interpretation of [open quotes]stray[close quotes] sandstones in the Cretaceous Mancos Shale, Book Cliffs, Utah: Implications for exploration models

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hampson, G.J.; Howell, J.A.; Flint, S.S.

1996-01-01

The Mancos Shale, Book Cliffs, eastern Utah, represents the open marine mudstones of the Cretaceous Western Interior Seaway and contains a number of detached sandstone bodies ([open quotes]Mancos B[close quotes]) which are located 30-150 km down depositional dip from contemporaneous highstand shoreline deposits in the Blackhawk Formation. Examination of these [open quotes]stray[close quotes] sandstones reveals that they do not represent deep water deposition, as previously supposed, but instead comprise three shallow marine facies associations; (1) tidally-influenced fluvial channel fills, (2) fluvially-dominated delta front successions and (3) low-energy shorelines. Tidally-influenced fluvial channel fills are commonly stacked into multistorey bodies at discretemore » stratigraphic levels, thereby defining incised valley fill (IVF) networks. Fluvially-dominated deltas are eroded into by, and lie at the down-dip terminations of, IVFs and are therefore interpreted as falling stage and lowstand shorelines. Low-energy shorelines are inferred to lie along strike from these deltas. The above shallow marine deposits have been mapped at five discrete stratigraphic horizons, which can be either traced or projected up-dip to previously-documented IVFs in the Blackhawk Formation. Their paleocurrents imply that falling stage and lowstand shoreline trends were sub-parallel to mapped highstand shorelines, although there is evidence for a perpendicular lowstand shoreline trend in the east of the study area. This facies and sequence stratigraphic re-interpretation enables predictive exploration modelling of subsurface [open quotes]Mancos B[close quotes] gas reservoir sandstones.« less

Sequence stratigraphic re-interpretation of {open_quotes}stray{close_quotes} sandstones in the Cretaceous Mancos Shale, Book Cliffs, Utah: Implications for exploration models

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hampson, G.J.; Howell, J.A.; Flint, S.S.

1996-12-31

The Mancos Shale, Book Cliffs, eastern Utah, represents the open marine mudstones of the Cretaceous Western Interior Seaway and contains a number of detached sandstone bodies ({open_quotes}Mancos B{close_quotes}) which are located 30-150 km down depositional dip from contemporaneous highstand shoreline deposits in the Blackhawk Formation. Examination of these {open_quotes}stray{close_quotes} sandstones reveals that they do not represent deep water deposition, as previously supposed, but instead comprise three shallow marine facies associations; (1) tidally-influenced fluvial channel fills, (2) fluvially-dominated delta front successions and (3) low-energy shorelines. Tidally-influenced fluvial channel fills are commonly stacked into multistorey bodies at discrete stratigraphic levels, thereby definingmore » incised valley fill (IVF) networks. Fluvially-dominated deltas are eroded into by, and lie at the down-dip terminations of, IVFs and are therefore interpreted as falling stage and lowstand shorelines. Low-energy shorelines are inferred to lie along strike from these deltas. The above shallow marine deposits have been mapped at five discrete stratigraphic horizons, which can be either traced or projected up-dip to previously-documented IVFs in the Blackhawk Formation. Their paleocurrents imply that falling stage and lowstand shoreline trends were sub-parallel to mapped highstand shorelines, although there is evidence for a perpendicular lowstand shoreline trend in the east of the study area. This facies and sequence stratigraphic re-interpretation enables predictive exploration modelling of subsurface {open_quotes}Mancos B{close_quotes} gas reservoir sandstones.« less

The role of communication and imitation in limit order markets

NASA Astrophysics Data System (ADS)

Tedeschi, G.; Iori, G.; Gallegati, M.

2009-10-01

In this paper we develop an order driver market model with heterogeneous traders that imitate each other on different network structures. We assess how imitations among otherway noise traders, can give rise to well known stylized facts such as fat tails and volatility clustering. We examine the impact of communication and imitation on the statistical properties of prices and order flows when changing the networks' structure, and show that the imitation of a given, fixed agent, called “guru", can generate clustering of volatility in the model. We also find a positive correlation between volatility and bid-ask spread, and between fat-tailed fluctuations in asset prices and gap sizes in the order book. in here

Multifractals of investor behavior in stock market

NASA Astrophysics Data System (ADS)

Oh, Gabjin

2017-07-01

In this paper, we analyze the nonlinear properties of investor activity using the multifractal detrended fluctuation analysis (MF-DFA) method. Using the aggregated trading volumes of buying, selling, and normalized net investor trading (NIT) to quantify the characteristics of trader behavior in the KOSPI market, we find that the cumulative distribution functions of all NIT time series, except for individual traders, follow a power-law distribution with an exponent in the range of 2.92 ≤ γ ≤ 3.87. To observe the nonlinear features of investor activity, we also calculate the multifractal spectra for the buyer, seller, and NIT data sets and find that a multifractal structure exists in all of the data, regardless of the investor type studied.

Jet Fuel Hedging Strategies for the Department of Defense Through Use of Financial Derivatives

DTIC Science & Technology

2009-03-01

W. (n.d.). Warren Buffett Quotes. Retrieved November 2008, from Brainy Quote: http://www.brainyquote.com/quotes/authors/w/warren_buffett.html...Prices Tough to Swallow. Retrieved August 2008, from Washington Post: http://www.washingtonpost.com/wp- dyn/articles/A11303-2004Jun2.html Buffett

In-plant management of hazardous waste

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hall, M.W.; Howell, W.L. Jr.

1995-12-31

One of the earliest sustainable technologies for the management of hazardous industrial wastes, and one of the most successful, is {open_quotes}In-Plant Control{close_quotes} Waste elimination, reuse and/or minimization can encourage improved utilization of resources, decreased environmental degradation and increased profits at individual industrial product ion sites, or within an industry. For new facilities and industries, putting such programs in place is relatively easy. Experience has shown, however, that this may be more difficult to initiate in existing facilities, especially in older and heavier industries. This task can be made easier by promoting a mutually respectful partnership between production and environmental interestsmore » within the facility or industry. This permits {open_quotes}common sense{close_quotes} thinking and a cooperative, proactive strategy for securing an appropriate balance between economic growth, environmental protection and social responsibility. Case studies are presented wherein a phased, incremental in-plant system for waste management was developed and employed to good effect, using a model that entailed {open_quotes}Consciousness, Commitment, Training, Recognition, Re-engineering and Continuous Improvement{close_quotes} to promote waste minimization or elimination.« less

Water key ingredient in Turkish farming

DOE Office of Scientific and Technical Information (OSTI.GOV)

Aydin, M.

1995-12-31

Turkey, like most other Mediterranean countries, is an arid country, notes Mehmet Aydin, professor of soil science at Cukorova University in Adama, Turkey. And like most other Mediterranean countries, Aydin adds, Turkey is experiencing a population beam. In the past three decades, this increase in population has put a strain on the land. The boom, in fact, {open_quotes}has led to overgrazing, more intense cultivation, and greater harvest of shrubs and trees for firewood.{close_quotes} In 1987, the Turkish government launched the Southeastern Anatolian Development Project. Its goal is to bring irrigation and hydroelectric power to the area along the banks ofmore » the Euphrates and Tigris rivers. {open_quotes}When the project is complete, it will carry irrigation water to an estimated 4 million acres and create some 26 billion kilowatt-hours of electricity per year,{close_quotes} Aydin notes. The Southeastern Anatolian Development Project {open_quotes}will usher in an era of modern agriculture for Turkish farmers, one based on high-yield systems that are as sustainable as they are productive,{close_quotes} Aydin concludes.« less

Knowledge assistant: A sensor fusion framework for robotic environmental characterization

DOE Office of Scientific and Technical Information (OSTI.GOV)

Feddema, J.T.; Rivera, J.J.; Tucker, S.D.

1996-12-01

A prototype sensor fusion framework called the {open_quotes}Knowledge Assistant{close_quotes} has been developed and tested on a gantry robot at Sandia National Laboratories. This Knowledge Assistant guides the robot operator during the planning, execution, and post analysis stages of the characterization process. During the planning stage, the Knowledge Assistant suggests robot paths and speeds based on knowledge of sensors available and their physical characteristics. During execution, the Knowledge Assistant coordinates the collection of data through a data acquisition {open_quotes}specialist.{close_quotes} During execution and post analysis, the Knowledge Assistant sends raw data to other {open_quotes}specialists,{close_quotes} which include statistical pattern recognition software, a neuralmore » network, and model-based search software. After the specialists return their results, the Knowledge Assistant consolidates the information and returns a report to the robot control system where the sensed objects and their attributes (e.g. estimated dimensions, weight, material composition, etc.) are displayed in the world model. This paper highlights the major components of this system.« less

EDF experience with {open_quotes}hot spot{close_quotes} management

DOE Office of Scientific and Technical Information (OSTI.GOV)

Guio, J.M. de

1995-03-01

During the past few years, {open_quotes}hot spots{close_quotes} due to the presence of particles of metal activated during their migration through the reactor core, have been detected at several French pressurized water reactor (PWR) units. These {open_quotes}hot spots,{close_quotes} which generate very high dose rates (from about 10 Gy/h to 200 G/h) are a significant factor in increase occupational exposures during outrates. Of particular concern are the difficult cases which prolong outage duration and increase the volume of radiological waste. Confronted with this situation, Electricite de France (EDF) has set up a national research group, as part of its ALARA program, tomore » establish procedures and techniques to avoid, detect, and eliminate of hot spots. In particular, specific processes have been developed to eliminate these hot spots which are most costly in terms of occupational exposure due to the need for reactor maintenance. This paper sets out the general approach adopted at EDF so far to cope with the problem of hot spots, illustrated by experience at Blayais 3 and 4.« less

The anaerobic digestion process

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rivard, C.J.; Boone, D.R.

1996-01-01

The microbial process of converting organic matter into methane and carbon dioxide is so complex that anaerobic digesters have long been treated as {open_quotes}black boxes.{close_quotes} Research into this process during the past few decades has gradually unraveled this complexity, but many questions remain. The major biochemical reactions for forming methane by methanogens are largely understood, and evolutionary studies indicate that these microbes are as different from bacteria as they are from plants and animals. In anaerobic digesters, methanogens are at the terminus of a metabolic web, in which the reactions of myriads of other microbes produce a very limited rangemore » of compounds - mainly acetate, hydrogen, and formate - on which the methanogens grow and from which they form methane. {open_quotes}Interspecies hydrogen-transfer{close_quotes} and {open_quotes}interspecies formate-transfer{close_quotes} are major mechanisms by which methanogens obtain their substrates and by which volatile fatty acids are degraded. Present understanding of these reactions and other complex interactions among the bacteria involved in anaerobic digestion is only now to the point where anaerobic digesters need no longer be treated as black boxes.« less

Long-term predictions using natural analogues

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ewing, R.C.

1995-09-01

One of the unique and scientifically most challenging aspects of nuclear waste isolation is the extrapolation of short-term laboratory data (hours to years) to the long time periods (10{sup 3}-10{sup 5} years) required by regulatory agencies for performance assessment. The direct validation of these extrapolations is not possible, but methods must be developed to demonstrate compliance with government regulations and to satisfy the lay public that there is a demonstrable and reasonable basis for accepting the long-term extrapolations. Natural systems (e.g., {open_quotes}natural analogues{close_quotes}) provide perhaps the only means of partial {open_quotes}validation,{close_quotes} as well as data that may be used directlymore » in the models that are used in the extrapolation. Natural systems provide data on very large spatial (nm to km) and temporal (10{sup 3}-10{sup 8} years) scales and in highly complex terranes in which unknown synergisms may affect radionuclide migration. This paper reviews the application (and most importantly, the limitations) of data from natural analogue systems to the {open_quotes}validation{close_quotes} of performance assessments.« less

Panel urges cloning ethics boards

DOE Office of Scientific and Technical Information (OSTI.GOV)

Marshall, E.

1997-01-03

A 7-month review of the system that guides U.S. policy on the ethical, legal, and social issues (ELSI) of the Human Genome Project has concluded that it is time for a radical overhaul. A report completed last month recommends that a high-level policy board be created in the office of the Secretary of Health and Human Services to help develop policies on such sensitive issues as genetic privacy, antidiscrimination legislation, public education on genetic risks, and the regulation of genetic testing. If accepted, the proposal-from a review panel chaired by attorney Mark Rothstein of the University of Houston and geneticistmore » M. Anne Spence of the University of California, Irvine-would create a new panel of 15 to 18 members to serve as {open_quotes}a public forum for discussion of ... critical issues.{close_quotes} This panel would replace the current advisory body, known as the ELSI Working Group, and end what the report calls a {open_quotes}discordance{close_quotes} between the broad scope of the Working Group and the {open_quotes}very limited focus{close_quotes} of the research program under which it operates.« less

Private sector cautious on Pemex reorganization

DOE Office of Scientific and Technical Information (OSTI.GOV)

Sissell, K.

1997-03-19

Private sector interest in the privatization of the petrochemical subsidiaries of Mexico`s state oil company Petroleos Mexicanos (Pemex) will hinge on the government`s decisions on minority ownership, says Raul Millares, president of Aniq, the Mexican chemical industry association. The murkiest issues are how the subsidiaries will be operated and what rights minority owners will have. {open_quotes}The question is who is going to manage the subsidiaries on a day-to-day basis,{close_quotes} says Millares. {open_quotes}There is a lot of doubt as to whether private companies will be able to get the flexibility they need.{close_quotes}

Boundary reflection matrices for nonsimply laced affine Toda field theories

DOE Office of Scientific and Technical Information (OSTI.GOV)

Kim, J.D.

The boundary reflection matrices for nonsimply laced affine Toda field theories defined on a half line with the Neumann boundary condition are investigated. The boundary reflection matrices for some pairs of the models are evaluated up to one loop order by perturbation theory. Then the exact boundary reflection matrices which are consistent with the one loop result are found under the assumption of {open_quote}{open_quote}duality{close_quote}{close_quote} and tested against algebraic consistency such as the boundary bootstrap equation and boundary crossing-unitarity relation. {copyright} {ital 1996 The American Physical Society.}

Investment Strategies Used as Spectroscopy of Financial Markets Reveal New Stylized Facts

PubMed Central

Zhou, Wei-Xing; Mu, Guo-Hua; Chen, Wei; Sornette, Didier

2011-01-01

We propose a new set of stylized facts quantifying the structure of financial markets. The key idea is to study the combined structure of both investment strategies and prices in order to open a qualitatively new level of understanding of financial and economic markets. We study the detailed order flow on the Shenzhen Stock Exchange of China for the whole year of 2003. This enormous dataset allows us to compare (i) a closed national market (A-shares) with an international market (B-shares), (ii) individuals and institutions, and (iii) real traders to random strategies with respect to timing that share otherwise all other characteristics. We find in general that more trading results in smaller net return due to trading frictions, with the exception that the net return is independent of the trading frequency for A-share individual traders. We unveiled quantitative power laws with non-trivial exponents, that quantify the deterioration of performance with frequency and with holding period of the strategies used by traders. Random strategies are found to perform much better than real ones, both for winners and losers. Surprising large arbitrage opportunities exist, especially when using zero-intelligence strategies. This is a diagnostic of possible inefficiencies of these financial markets. PMID:21935403

78 FR 22011 - Self-Regulatory Organizations; NYSE MKT LLC; Order Approving, on an Accelerated Basis, Proposed...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-04-12

... Treat Orders, Market-Making Quoting Obligations, and Errors in Response to the Regulation NMS Plan To..., market-making quoting obligations, and errors in response to the Regulation NMS Plan to Address... Specialist has met its market-making quoting requirement pursuant to Rule 925.1NY(b) or a Market Maker has...

Market potential for guinea fowl (Numidia meleagris) products.

PubMed

Madzimure, James; Saina, Happyson; Ngorora, Grace P K

2011-12-01

The survey evaluated the market potential for guinea fowl (GF; Numidia meleagris) products in the city of Harare, Zimbabwe. Questionnaires were administered to traders/producers (n = 17), retailers (n = 12), cafeteria industry (n = 33) and consumers (n = 1,680) to establish their perceptions on guinea fowl products. The average household size was 6 ± 2. Each trader sold 10 ± 6.30 keets (mean ± standard error), 33 ± 15.05 growers, 20 ± 12.69 breeders and 20 ± 10.1 crates of 30 eggs per month. Each household consumed 2.5 ± 1.39 kg of GF meat and 3 ± 0.65 dozens of GF eggs per month. Retailers purchased 52 ± 44.42 crates of GF eggs and 41 ± 30.50/kg of GF meat whilst cafeteria purchased 33.6 ± 14 crates of GF eggs and 65.5 ± 33.52 kg of GF meat per month. Growers for breeding were the major product for sale by traders (94.1%) at a price of US$7.50 ± 1.74/bird. Different industries were offering different prices for guinea fowl products because of their scarcity on the market. The mean purchase price per crate of 30 guinea fowl eggs sold to the retail and cafeteria were US$3.00 ± 0.58 and US$4.50 ± 0.50, respectively. The mean purchase prices for GF meat was lower (P < 0.05) for retailers (US$2.5 ± 0.81/kg) than cafeteria (US$3.67 ± 0.83/kg). The challenges faced by producers in the marketing of guinea fowl products included poor supply due to the absence of good road networks to connect source areas and the market, perishability of dressed chickens due to power cuts and poor publicity. Overall, the study showed that there is greater market potential for guinea fowl products and farmers can channel their products through traders, cafeteria and retail industries.

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tendera, P.

At present there are two NPPs equipped with PWR units in Czech Republic. The Dukovany NPP is about ten years in operation (four units 440 MW - WWER model 213) and Temelin NPP is under construction (two units 1000 MW-WWER model 320). Both NPPs were built to Soviet design and according to Soviet regulations and standards but most of equipment for primary circuits was supplied by home manufactures. The objective for the Czech LBB programme is to prove the LBB status of the primary piping systems of these NPPs and the LBB concept is a part of strategy to meetmore » western style safety standards. The reason for the Czech LBB project is a lack of some standard safety facilities, too. For both Dukovany and Temolin NPPs a full LBB analysis should be carried out. The application of LBB to the piping system should be also a cost effective means to avoid installations of pipe whip restraints and jet shields. The Czech regulatory body issued non-mandatory requirement {open_quotes}Leak Before Break{close_quotes} which is in compliance with national legal documents and which is based on the US NRC Regulatory Procedures and US standards (ASME, CODE, ANSI). The requirement has been published in the document {open_quotes}Safety of Nuclear Facilities{close_quotes} No. 1/1991 as {open_quotes}Requirements on the Content and Format of Safety Reports and their Supplements{close_quotes} and consists of two parts (1) procedure for obtaining proof of evidence {open_quotes}Leak Before Break{close_quotes} (2) leak detection systems for the pressurized reactor primary circuit. At present some changes concerning both parts of the above document will be introduced. The reasons for this modifications will be presented.« less

A new approach to fracture modelling in reservoirs using deterministic, genetic and statistical models of fracture growth

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rawnsley, K.; Swaby, P.

1996-08-01

It is increasingly acknowledged that in order to understand and forecast the behavior of fracture influenced reservoirs we must attempt to reproduce the fracture system geometry and use this as a basis for fluid flow calculation. This article aims to present a recently developed fracture modelling prototype designed specifically for use in hydrocarbon reservoir environments. The prototype {open_quotes}FRAME{close_quotes} (FRActure Modelling Environment) aims to provide a tool which will allow the generation of realistic 3D fracture systems within a reservoir model, constrained to the known geology of the reservoir by both mechanical and statistical considerations, and which can be used asmore » a basis for fluid flow calculation. Two newly developed modelling techniques are used. The first is an interactive tool which allows complex fault surfaces and their associated deformations to be reproduced. The second is a {open_quotes}genetic{close_quotes} model which grows fracture patterns from seeds using conceptual models of fracture development. The user defines the mechanical input and can retrieve all the statistics of the growing fractures to allow comparison to assumed statistical distributions for the reservoir fractures. Input parameters include growth rate, fracture interaction characteristics, orientation maps and density maps. More traditional statistical stochastic fracture models are also incorporated. FRAME is designed to allow the geologist to input hard or soft data including seismically defined surfaces, well fractures, outcrop models, analogue or numerical mechanical models or geological {open_quotes}feeling{close_quotes}. The geologist is not restricted to {open_quotes}a priori{close_quotes} models of fracture patterns that may not correspond to the data.« less

Multiple Non-Equivalent Interfaces Mediate Direct Activation of GABAA Receptors by Propofol.

PubMed

Eaton, Megan M; Germann, Allison L; Arora, Ruby; Cao, Lily Q; Gao, Xiaoyi; Shin, Daniel J; Wu, Albert; Chiara, David C; Cohen, Jonathan B; Steinbach, Joe Henry; Evers, Alex S; Akk, Gustav

2016-01-01

Propofol is a sedative agent that at clinical concentrations acts by allosterically activating or potentiating the γ-aminobutyric acid type A (GABAA) receptor. Mutational, modeling, and photolabeling studies with propofol and its analogues have identified potential interaction sites in the transmembrane domain of the receptor. At the &quot;+&quot; of the β subunit, in the β-α interface, meta-azipropofol labels the M286 residue in the third transmembrane domain. Substitution of this residue with tryptophan results in loss of potentiation by propofol. At the &quot;-&quot; side of the β subunit, in the α-β interface (or β-β interface, in the case of homomeric β receptors), ortho-propofol diazirine labels the H267 residue in the second transmembrane domain. Structural modeling indicates that the β(H267) residue lines a cavity that docks propofol with favorable interaction energy. We used two-electrode voltage clamp to determine the functional effects of mutations to the "+" and "-" sides of the β subunit on activation of the α1β3 GABAA receptor by propofol. We found that while the individual mutations had a small effect, the combination of the M286W mutation with tryptophan mutations of selected residues at the α-β interface leads to strong reduction in gating efficacy for propofol. We conclude that α1β3 GABAA receptors can be activated by propofol interactions with the β-β, α-β, and β-α interfaces, where distinct, non-equivalent regions control channel gating. Any interface can mediate activation, hence substitutions at all interfaces are required for loss of activation by propofol.

A picture of health? Animal use and the Faraday traditional medicine market, South Africa.

PubMed

Williams, Vivienne Linda; Whiting, Martin John

2016-02-17

The use of animals and plants as traditional remedies for both medical afflictions and social or cultural issues (symbolism) has a long history in South Africa and a reasonably large proportion of the population will consult a traditional healer during their life-time. Compared to plants, the use of animal parts in traditional medicine and folklore is poorly documented. We interviewed 32 traders from South Africa's largest traditional medicine market, the Faraday Street market in Johannesburg, of which only 20 consented to supplying some species use information. Traders are particularly protective of the medicinal properties of their wares. Given the sensitive nature of this information (12 traders declined to be interviewed), we were only able to gather data on their perceived uses and no data on dosages, efficacy, or individual turn-over of products. We assessed the trade of animal parts from the perspective of consumer needs by analysing use-categories (e.g. headaches, strokes, skin problems, bad luck, etc.) and the degree of informant consensus in the selection of fauna to treat certain conditions. We documented 301 uses for animal parts from 52 species and 18 'morphospecies' that we allocated to 122 broad-use categories. Overall, reptiles and mammals were the most frequently used taxa in traditional medicine and some species had multiple uses (i.e., appeared in multiple use-categories) including crocodiles, lizards generally, chameleons, striped polecats, elephants and jackals. Animals were mostly used for 'strength' (physical or overcoming fear), but also as love charms, warding off bad luck or bad spirits or improving one's luck. Only 36% of our categories were medicinal (e.g., headaches, skin problems, swollen feet, etc.). We also found a high rate of non-disclosure of uses per species (a mean 86% of traders did not reveal information on the use of a species), and a variable degree of consensus between the traders on what particular species are actually used for. We suggest that traditional medicine markets provide a unique opportunity to gauge the health and symbolic or personal issues representative of a large sector of society. What's more, we recommend that researchers be more mindful in the way that use information is reported. We also highlight the potentially serious threat of traditional medicine to species that may be particularly vulnerable by virtue of their restricted distribution or predictable behaviour. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

Attitudes of consumers and live-poultry workers to central slaughtering in controlling H7N9: a cross-sectional study.

PubMed

Lin, Xiao; Zhang, Dingmei; Wang, Xinwei; Huang, Yun; Du, Zhicheng; Zou, Yaming; Lu, Jiahai; Hao, Yuantao

2017-05-26

Guangdong Province in the Pearl River Delta of Southeast China is among the areas in the country with the highest rates of avian flu cases. In order to control the outbreak of human-infected H7N9 cases, Guangdong launched a new policy on the central slaughtering of live poultry in 2015. This study aims to evaluate attitudes of consumers and live-poultry workers toward the policy. The live-poultry workers consisted of two sub-groups: live-poultry traders and poultry farm workers. Consumers and live-poultry workers from Guangdong were enrolled by stratified multi-stage random sampling. Online and field surveys were conducted to investigate participants' attitudes on policy implementation. Questionnaires were developed to quantify participant demographics, to collect information about attitudes toward the policy, and to identify influential factors of policy acceptability. Proportional odds logistics regression was used in the univariate and multivariate analyses. A total of 1449 consumers, 181 live-poultry traders, and 114 poultry farm workers completed the study. Policy acceptability percentages among consumers, live-poultry traders, and poultry farm workers were 57.1, 37.9, and 62.6%, respectively. Logistics regression shows that consumers tended not to support the policy if they were males, if they were concerned with the food safety of chilled products, and if they preferred purchasing live poultry. Live-poultry traders tended not to support if they were subsidized by the government, if they were males, if they experienced a drop in trading volume, and if they were unclear whether avian flu was a preventable disease. Finally, poultry farm workers tended not to support if they experienced a drop in trading volume, if they operated a poultry farm on a small to medium scale, and if they experienced inconvenience in their work due to the policy. The study reveals a substantial refusal or slowness to accept the policy. Failure to accept the policy results from varying reasons. Among consumers, concern about food safety and dietary preference are two major causes of disapproval. Policy acceptability among live-poultry workers diverges within the two sub-groups. While a large percentage of poultry farm workers accept the policy, the drop in trading and an insufficient subsidy hamper acceptance by live-poultry traders. We recommend that policy-makers promote health education and alleviate the policy impact on trading with a reformed subsidy policy to increase acceptability. These findings are crucial for the prevention of human-infected H7N9 cases in Guangdong.

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An EXAFS study on the so-called {open_quotes}Co-Mo-S{close_quotes} phase in Co/C and CoMo/C, compared with a Moessbauer emission spectroscopy study

DOE Office of Scientific and Technical Information (OSTI.GOV)

Craje, M.W.J.; Kraan, A.M. van der; Louwers, S.P.A.

1992-06-25

EXAFS was used in this paper to study 4 sulfided catalysts that have the same structure as their {sup 57}Co counterparts characterized by Mossbauer emission spectroscopy. The {open_quotes}Co-Mo-S{close_quotes} phase in Co/C is similar to CoMo/C due to a very highly dispersed Co species. Without Mo, the sulfidic Co results in a Co{sub 9}S{sub 8} phase during sulfidation at 673K, Mo prevents Co sintering in CoMo/C. 37 refs., 6 figs., 2 tabs.

Lifting the veil.

PubMed

Sorrel, Amy Lynn

2014-07-01

As governments and employers look for ways to curb growing health care costs, and as patients bear a higher share of their medical bills, policymakers in Texas and beyond increasingly target physicians in their efforts to unveil health care prices. They couch such "price transparency" as a way to help patients make more informed health care decisions. But Texas Medical Association's Board of Trustees member Gary W. Floyd, MD, of Fort Worth, cautions that for a complex health care payment system, coupled with individual patients' complex needs, coming up with a so-called "sticker price" is not as simple as it seems.

Wholesale bakeries: A small-business guide. Final report

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

Commercial baking is thought to be one of the world`s oldest industries, with evidence of commercial bakeries dating back to the Egyptians. In the late 19th century, technological innovations such as the development of {open_quotes}tame{close_quotes} yeast and the mechanization of bread kneading enabled mass production of baked goods. As a result, larger {open_quotes}wholesale{close_quotes} baking facilities began to replace smaller local bakeries. Today, there are over 3000 wholesale bakeries across the United States. This report is intended to provide information on the bakery business from the perspective of processes, issues, and challenges faced, including energy consumption of electrically driven equipment.

Environmental, health, and safety issues for the petroleum geologist

DOE Office of Scientific and Technical Information (OSTI.GOV)

Mathis, R.E.

1993-09-01

As the oil and gas industry moves toward the twenty-first century, professional within the industry must adjust to changes placed upon them from within and without. The role of the geologist is changing, as is the focal point of attention. Environmental issues require scrutiny of those zones once passed by with little or no interest while exploring for oil and gas reservoirs at deeper and deeper horizons; shallow zones of fresh or usable water are now often the main focus of attention. Has my training prepared me for being the company [open quotes]hydrologist[close quotes] or [open quotes]environmental expert[close quotes] Whatmore » does this new role mean for me Am I to be the [open quotes]Designated Jailee[close quotes] What should I know Environmental Assessment, site characterization, permissible exposure limit, time weighted average, and like terms are new to the ears of most petroleum geologists. These and other environmental health and safety terms impact the profession. What geologists may be expected to do in regard to them are issues of major concern. This paper will try to answer these questions and more.« less

Routine inspection effort required for verification of a nuclear material production cutoff convention

DOE Office of Scientific and Technical Information (OSTI.GOV)

Dougherty, D.; Fainberg, A.; Sanborn, J.

On 27 September 1993, President Clinton proposed {open_quotes}... a multilateral convention prohibiting the production of highly enriched uranium or plutonium for nuclear explosives purposes or outside of international safeguards.{close_quotes} The UN General Assembly subsequently adopted a resolution recommending negotiation of a non-discriminatory, multilateral, and internationally and effectively verifiable treaty (hereinafter referred to as {open_quotes}the Cutoff Convention{close_quotes}) banning the production of fissile material for nuclear weapons. The matter is now on the agenda of the Conference on Disarmament, although not yet under negotiation. This accord would, in effect, place all fissile material (defined as highly enriched uranium and plutonium) produced aftermore » entry into force (EIF) of the accord under international safeguards. {open_quotes}Production{close_quotes} would mean separation of the material in question from radioactive fission products, as in spent fuel reprocessing, or enrichment of uranium above the 20% level, which defines highly enriched uranium (HEU). Facilities where such production could occur would be safeguarded to verify that either such production is not occurring or that all material produced at these facilities is maintained under safeguards.« less

A simplified financial model for automatic meter reading

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ward, S.M.

1994-01-15

The financial model proposed here (which can be easily adapted for electric, gas, or water) combines aspects of [open quotes]life cycle,[close quotes] [open quotes]consumer value[close quotes] and [open quotes]revenue based[close quotes] approaches and addresses intangible benefits. A simple value tree of one-word descriptions clarifies the relationship between level of investment and level of value, visually relating increased value to increased cost. The model computes the numerical present values of capital costs, recurring costs, and revenue benefits over a 15-year period for the seven configurations: manual reading of existing or replacement standard meters (MMR), manual reading using electronic, hand-held retrievers (EMR),more » remote reading of inaccessible meters via hard-wired receptacles (RMR), remote reading of meters adapted with pulse generators (RMR-P), remote reading of meters adapted with absolute dial encoders (RMR-E), offsite reading over a few hundred feet with mobile radio (OMR), and fully automatic reading using telephone or an equivalent network (AMR). In the model, of course, the costs of installing the configurations are clearly listed under each column. The model requires only four annualized inputs and seven fixed-cost inputs that are rather easy to obtain.« less

SRS stainless steel beneficial reuse program

DOE Office of Scientific and Technical Information (OSTI.GOV)

Boettinger, W.L.

1997-02-01

The US Department of Energy`s (DOE) Savannah River Site (SRS) has thousands of tons of stainless steel radioactive scrap metal (RSNI). Much of the metal is volumetrically contaminated. There is no {open_quotes}de minimis{close_quotes} free release level for volumetric material, and therefore no way to recycle the metal into the normal commercial market. If declared waste, the metal would qualify as low level radioactive waste (LLW) and ultimately be dispositioned through shallow land buried at a cost of millions of dollars. The metal however could be recycled in a {open_quotes}controlled release{close_quote} manner, in the form of containers to hold other typesmore » of radioactive waste. This form of recycle is generally referred to as {open_quotes}Beneficial Reuse{close_quotes}. Beneficial reuse reduces the amount of disposal space needed and reduces the need for virgin containers which would themselves become contaminated. Stainless steel is particularly suited for long term storage because of its resistance to corrosion. To assess the practicality of stainless steel RSM recycle the SRS Benficial Reuse Program began a demonstration in 1994, funded by the DOE Office of Science and Technology. This paper discusses the experiences gained in this program.« less

Nuclear power grows in China`s energy mix

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chen, Xavier

1996-07-01

China`s rapid economic growth in the past two decades has caused the nations`s demand for electricity to exceed its capacity. AS of 1992, with power shortages as high as 25 percent, {open_quotes}power plant operators were often forced to resort to rolling brownouts to avoid complete system breakdowns,{close_quotes} says Xavier Chen, an assistant professor with the Asian Institute of Technology`s Energy Program in Bangkok, Thailand. To keep pace with China`s economic development, Chen estimates that {open_quotes}China must increase its electricity capacity 6 to 8 percent a year each year into the foreseeable future.{close_quotes} For now, coal is transported to power plantsmore » in the rapidly developing eastern coastal provinces at great expense. Chen also notes that the environmental disadvantages of coal make it a less desirable source of energy than nuclear. Development of nuclear energy is likely to go forward for another reason: In China, there is much less opposition to nuclear power plants than in other developing nations. {open_quotes}Nuclear energy likely will plan an important role in China`s future energy mix and help close the gap between electricity production and demand,{close_quotes} Chen says.« less

Monotoring of mangrove ecosystem in relation with exploration and production activities

DOE Office of Scientific and Technical Information (OSTI.GOV)

Alamsyah, C.; Dwistiadi, D.

1996-11-01

From Indonesia`s initial 13 million hectares of mangrove forests, presently only 2.6 million hectares remains which must be certainly protected. Mangrove swamps are of considerable ecological importance not only because of their use as spawning and feeding grounds for a many variety of fish and shrimps but also of economical importance and last but not least as coastal protection. In such a sensitive ecosystem, i.e. in the mangrove swamp area of Mahakam Delta in East Kalimantan, Indonesia, TOTAL Indonesie, an affiliate of the French oil company {open_quotes}TOTAL{close_quotes} and one of the production sharing contractors of PERTAMINA, the Indonesian owned statemore » oil company, has undertaken its E&P operations since 1974. Realizing the sensitivity of the mangrove area, TOTAL Indonesie has undertaken continuous monitoring of the environment as part of its Environmental Management System. This monitoring is very important not only to measure the impact to the mangrove ecosystem in particular due to TOTAL Indonesie activities but also as a feed back for the environmental management. Physicochemical and biological aspects of the environment are monitored and various measurements are taken covering: (1) Hydrology and hydrodynamics of the water streams i.e. the water quality, productivity and flow characteristic of the region (2) Sedimentation and biodegradation (3) The influence of accidental and chronic pollution mangrove ecosystem (3) Sensitivity of the mangroves. The above monitoring has led to the conclusion that after more than 20 years of operation, there has significant adverse impact to the mangrove ecosystem by the exploration and production activities of Indonesie.« less

Status of the dirty darter, Etheostoma olivaceum, and bluemask darter, Etheostoma (Doration)sp. , with notes on fishes of the Caney Fork River system, Tennessee

DOE Office of Scientific and Technical Information (OSTI.GOV)

Layman, S.R.; Simons, A.M.; Wood, R.M.

1993-04-01

Seventy-six localities were sampled in the Caney Fork River system and adjacent Cumberland River tributaries. Etheostoma olivaceum was found in small creeks from nine tributaries of lower Caney Fork River and three tributaries of the Cumberland River in the Nashville Basin physiographic province. The species was most abundant around slab rocks and rubble over bedrock in slow to moderate current. Etheostoma olivaceum was common throughout its small range; however, given widespread habitat degradation from agriculture, the species should retain its [open quotes]deemed in need of management[close quotes] status in Tennessee. The bluemask darter, Etheostoma (Doration) sp., was collected in slowmore » to moderate current over sand and gravel in Collins River, Rocky River, Cane Creek, and Caney Fork River. All four populations were isolated upstream of Great Falls Reservoir in the Highland Rim physiographic province. The species was found in a 37-km reach of Collins River but was restricted to reaches of 0.2 to 4.3 km in the other three streams. Threats to the species include pesticides from plant nurseries, siltation, gravel dredging, and acid mine drainage. The authors recommend that the bluemask darter be listed as state and federally protected. Two new records were established for the rare Barrens darter, Etheostoma forbesi, in lower Collins River and Barren Fork River, and eight previously unknown records of the species were identified from older museum collections. 21 refs., 1 fig., 1 tab.« less

Application of the Cluster Expansion to a Mathematical Model of the Long Memory Phenomenon in a Financial Market

NASA Astrophysics Data System (ADS)

Kuroda, Koji; Maskawa, Jun-ichi; Murai, Joshin

2013-08-01

Empirical studies of the high frequency data in stock markets show that the time series of trade signs or signed volumes has a long memory property. In this paper, we present a discrete time stochastic process for polymer model which describes trader's trading strategy, and show that a scale limit of the process converges to superposition of fractional Brownian motions with Hurst exponents and Brownian motion, provided that the index γ of the time scale about the trader's investment strategy coincides with the index δ of the interaction range in the discrete time process. The main tool for the investigation is the method of cluster expansion developed in the mathematical study of statistical mechanics.

The Effect of Tick Size on Trading Volume Share in Two Competing Stock Markets

NASA Astrophysics Data System (ADS)

Nagumo, Shota; Shimada, Takashi; Yoshioka, Naoki; Ito, Nobuyasu

2017-01-01

The relationship between tick sizes and trading volume shares in competing markets is studied theoretically. By introducing a simple model which is equipped with two markets and non-strategic traders, we analytically calculate the steady states. It is shown that a market with a larger tick size is generally deprived of its share by the competing market. However, if traders' preference for the present market because of its major share is strong enough, the market with a larger tick size has a chance to keep a major share in the steady state. These findings are consistent with the previous results obtained from a more complicated artificial market model and also provide a clear understanding of the basic mechanism of market competition.

{open_quotes}Media-On-Demand{close_quotes} multimedia electronic mail: A tool for collaboration on the web

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tsoi, Kei Nam; Rahman, S.M.

1996-12-31

Undoubtedly, multimedia electronic mail has many advantages in exchanging information electronically in a collaborative work. The existing design of e-mail systems architecture is inefficient in exchanging multimedia message which has much larger volume, and requires more bandwidth and storage space than the text-only messages. This paper presents an innovative method for exchanging multimedia mail messages in a heterogeneous environment to support collaborative work over YAW on the Internet. We propose a {open_quotes}Parcel Collection{close_quotes} approach for exchanging multimedia electronic mail messages. This approach for exchanging multimedia electronic mail messages integrates the current WWW technologies with the existing electronic mail systems.

High resolution x-ray CMT: Reconstruction methods

DOE Office of Scientific and Technical Information (OSTI.GOV)

Brown, J.K.

This paper qualitatively discusses the primary characteristics of methods for reconstructing tomographic images from a set of projections. These reconstruction methods can be categorized as either {open_quotes}analytic{close_quotes} or {open_quotes}iterative{close_quotes} techniques. Analytic algorithms are derived from the formal inversion of equations describing the imaging process, while iterative algorithms incorporate a model of the imaging process and provide a mechanism to iteratively improve image estimates. Analytic reconstruction algorithms are typically computationally more efficient than iterative methods; however, analytic algorithms are available for a relatively limited set of imaging geometries and situations. Thus, the framework of iterative reconstruction methods is better suited formore » high accuracy, tomographic reconstruction codes.« less

78 FR 39346 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

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2013-07-01

... collected, unless a Quote Exhaust has occurred, in which case the Quote Exhaust process in Rule 1082(a)(ii.... * * * * * Rule 1082 Firm Quotations (a)(i)-(ii)(B)(3)(g)(v) No change. (vi) If, after trading at the Phlx and/or... occurred, in which case the Quote Exhaust process in Rule 1082(a)(ii)(B)(3) will ensue,\\6\\ triggering a new...

Statistical Analysis of the Skaion Network Security Dataset

DTIC Science & Technology

2012-09-01

DataType :=xlDelimited, _ TextQualifier:=xlDoubleQuote, ConsecutiveDelimiter:=True, Tab:=False, _ Semicolon:=False, Comma:=False, Space...Selection.TextToColumns Destination:=Range(“E1”), DataType :=xlDelimited, _ TextQualifier:=xlDoubleQuote, ConsecutiveDelimiter:=True, Tab:=False...True Columns(“F:F”).Select Selection.TextToColumns Destination:=Range(“F1”), DataType :=xlDelimited, _ TextQualifier:=xlDoubleQuote

HullBUG Technology Development for Underwater Hull Cleaning

DTIC Science & Technology

2015-05-14

drawings would be vended out to approved vendors for quoting. Quotes would be obtained for different levels of production in order to better understand...the savings associated with buying more. Once a good pricing model was developed and quantity purchased determined, parts would be vended out and...detailed, dimensioned and tolerances added to enable quoting by commercial machine shops. A top assembly drawing was created that identified all

The economics of stranded investment - a two-way street

DOE Office of Scientific and Technical Information (OSTI.GOV)

Cearley, R.; McKinzie, L.

In the transition to deregulation, the risk, costs and benefits of utility assets are transferred from the customer to the investor, creating potential stranded benefits as well as stranded costs. Investors may be better or worse off depending on whether an asset`s cost is below or above market. Regulators can minimize unintended wealth transfers by compensating each potential loser in the transition. The amount of investment stranded - i.e., the portion of plant that is above market value - does seem to be a murky issue. This article sets a framework for evaluating stranded investment and traces the possible welfaremore » effects of different policies to address it. It defines {open_quote}stranded costs,{close_quote} {open_quote}stranded investment,{close_quote} and {open_quote}stranded benefits.{close_quote} It addresses their interrelationship, and shows that the redefinition of property rights during the transition to a competitive market is what leads to stranded investment. The elimination of the utility`s exclusive franchise - i.e., its obligation to serve and customers` obligation to pay - leads to the redefinition of those property rights as they pertain to the costs, benefits and risks associated with existing utility generation. Finally, the authors address the possible welfare implications from this transition.« less

{open_quotes}Horizontal{close_quotes} gene transfer from a transgenic potato line to a bacterial pathogen (Erwinia chrysanthemi) occurs - if at all - at an extremely low frequency

DOE Office of Scientific and Technical Information (OSTI.GOV)

Schlueter, K.; Fuetterer, J.; Potrykus, I.

1995-10-01

The frequency of possible {open_quotes}horizontal{close_quotes} gene transfer between a plant and a tightly associated bacterial pathogen was studied in a model system consisting of transgenic Solanum tuberosum, containing a {beta}-lactamase gene linked to a pBR322 origin of replication, and Erwinia chrysanthemi. This experimental system offers optimal conditions for the detection of possible horizontal gene transfer events, even when they occur at very low frequency. Horizontal gene transfer was not detected under conditions mimicking a {open_quotes}natural{close_quotes} infection. The gradual, stepwise alteration of artificial, positive control conditions to idealized natural conditions, however, allowed the characterization of factors that affected gene transfer, andmore » revealed a gradual decrease of the gene transfer frequency from 6.3 x 10{sup -2} under optimal control conditions to a calculated 2.0 x 10{sub -17} under idealized natural conditions. These data, in combination with other published studies, argue that horizontal gene transfer is so rare as to be essentially irrelevant to any realistic assessment of the risk involved in release experiments involving transgenic plants. 22 refs., 3 figs., 2 tabs.« less

New bomb, no mission

DOE Office of Scientific and Technical Information (OSTI.GOV)

Mello, G.

1997-05-01

The cold war may be over, but the nuclear arms race has not quite ended. The United States is fielding a new nuclear weapon-a bomb that was used to threaten Libya, a non-nuclear nation, even before it was deployed. The B61 {open_quotes}mod-11{close_quotes} gravity bomb is the first nuclear capability added to the US arsenal since 1989. It was developed and deployed secretly, without public or congressional debate, and in apparent contradiction to official domestic and international assurances that no new nuclear weapons were being developed in the United States. The B61-11`s unique earth-penetrating characteristic and wide range of yields allowmore » it to threaten otherwide indestructible targets from the air-or, in Pentagonese, to hold such targets {open_quotes}at risk.{close_quotes} That makes the B61-11 a uniquely useful warfighting tool. The 1,200-pound B61-11 replaces the B53, a 8,900-pound, nine-megaton bomb that was developed as a {open_quotes}city buster{close_quotes} and was later designated as a substitute for an earth-penetrating weapon. The B53 was deliverable only by vulnerable B-52s; in contrast, the smaller and lighter B61-11 can be delivered the the stealthier B-2A bomber, or even by F16 fighters.« less

Methanex sticks to its knitting

DOE Office of Scientific and Technical Information (OSTI.GOV)

Morris, G.D.L.

1997-04-30

Methanex was created just six years ago by the breakup of Ocelot Industries (Calgary, AB), a conglomerate with too many different business and too much debt. Those demons have since been banished, but management remains obsessive about focused, low-cost operations and a squeaky-clean balance sheet. The results show in a company that is generally admired, occasionally resented, and always speculated about. The top two questions are what it will do with its cash hoard,more » $$413 million as of first-quarter 1997, and when it will diversify. Pierre Choquette, who became president in December 1994, hears the questions often but says he is more amused by them than irritated, because the answers are so obvious. {open_quotes}We review the situation at every board meeting, but usually we prefer to have the liquid assets - it gives you a lot of advantages - and to reinvest in the core business,{close_quotes} says Choquette. {open_quotes}We paid $$275 million for our second plant in Chile, which we just completed, and the third one now under construction will cost about $300 million. I sit on a nonchemical company`s board, and we wonder at every downturn, {open_quote}How are we going to survive?{close_quote} [Having a cushion] is a lot nicer.{close_quotes}« less

Lethal pallister-killian syndrome: Phenotypic similarity with fryns syndrome

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ignacio Rodriquez, J.; Garcia, I.; Alvarez, J.

1994-11-01

The Pallister-Killian syndrome is a sporadic multiple congenital anomaly syndrome characterized by {open_quotes}coarse{close_quotes} face, profound mental retardation, and epilepsy. Chromosomes of peripheral lymphocytes are usually normal, but tissue cultures show varying degrees of mosaicism for isochromosome 12p. In babies who die neonatally of severe malformations, including diaphragmatic hernia, and who also have a {open_quotes}coarse{close_quotes} face, acral hypoplasia, and other internal anomalies, Fryns syndrome is more likely to be suspected than Pallister-Killian syndrome, especially if karyotyping is unavailable or if peripheral lumphocytes have a normal chromosome constitution. An initial diagnosis of Fryns syndrome had to be modified in 3 successive newbornmore » infants since chromosome analysis or in situ hybridization with a chromosome 12 probe on kidney tissue demonstrated the mosaic aneuploidy characteristic of Pallister-Killian syndrome. These 3 patients confirm that a similar pattern of malformations can be present in both conditions at birth. It consists of {open_quotes}coarse{close_quotes} face, acral hypoplasia, diaphragmatic hernia, and other defects. Newborn infants who present this phenotype, but lack a conclusively normal chromosome test, may not have Fryns syndrome. A diagnosis of Fryns syndrome should be made carefully to avoid the risk of inappropriate genetic counseling. 31 refs., 10 figs., 1 tab.« less

Gist: A scientific graphics package for Python

DOE Office of Scientific and Technical Information (OSTI.GOV)

Busby, L.E.

1996-05-08

{open_quotes}Gist{close_quotes} is a scientific graphics library written by David H. Munro of Lawrence Livermore National Laboratory (LLNL). It features support for three common graphics output devices: X Windows, (Color) PostScript, and ANSI/ISO Standard Computer Graphics Metafiles (CGM). The library is small (written directly to Xlib), portable, efficient, and full-featured. It produces X versus Y plots with {open_quotes}good{close_quotes} tick marks and tick labels, 2-dimensional quadrilateral mesh plots with contours, vector fields, or pseudo color maps on such meshes, with 3-dimensional plots on the way. The Python Gist module utilizes the new {open_quotes}Numeric{close_quotes} module due to J. Hugunin and others. It ismore » therefore fast and able to handle large datasets. The Gist module includes an X Windows event dispatcher which can be dynamically added (e.g., via importing a dynamically loaded module) to the Python interpreter after a simple two-line modification to the Python core. This makes fast mouse-controlled zoom, pan, and other graphic operations available to the researcher while maintaining the usual Python command-line interface. Munro`s Gist library is already freely available. The Python Gist module is currently under review and is also expected to qualify for unlimited release.« less

Stochastic dynamics in a two-dimensional oscillator near a saddle-node bifurcation

DOE Office of Scientific and Technical Information (OSTI.GOV)

Inchiosa, M. E.; In, V.; Bulsara, A. R.

We study the oscillator equations describing a particular class of nonlinear amplifier, exemplified in this work by a two-junction superconducting quantum interference device. This class of dynamic system is described by a potential energy function that can admit minima (corresponding to stable solutions of the dynamic equations), or {open_quotes}running states{close_quotes} wherein the system is biased so that the potential minima disappear and the solutions display spontaneous oscillations. Just beyond the onset of the spontaneous oscillations, the system is known to show significantly enhanced sensitivity to very weak magnetic signals. The global phase space structure allows us to apply a centermore » manifold technique to approximate analytically the oscillatory behavior just past the (saddle-node) bifurcation and compute the oscillation period, which obeys standard scaling laws. In this regime, the dynamics can be represented by an {open_quotes}integrate-fire{close_quotes} model drawn from the computational neuroscience repertoire; in fact, we obtain an {open_quotes}interspike interval{close_quotes} probability density function and an associated power spectral density (computed via Renewal theory) that agree very well with the results obtained via numerical simulations. Notably, driving the system with one or more time sinusoids produces a noise-lowering injection locking effect and/or heterodyning.« less

Unruly women and invisible workers: the shrimp traders of Mazatlán, Mexico.

PubMed

Cruz-Torres, María L

2012-01-01

During the 1980s, a group of women from rural communities in the Mexican state of Sinaloa organized a grassroots social movement in order to gain legal access to the sale of shrimp. The movement reached its peak in 1984, with the formation of a shrimp traders union and the establishment of a shrimp marketplace in the tourist city of Mazatlán. Despite the long trajectory of the movement and the success of the shrimp market, these women and their work have been completely ignored by government agencies in charge of the development and management of the fishing industry. For the most part, one gets to read about the shrimp traders only in tourist-oriented brochures depicting them as a “local attraction,” something to be seen while one is touring the city on a private charter bus en route to the Archaeological Museum or to the upscale jewelry shops in the Golden Zone. In this article, I examine how women used their gender and their identity as rural workers to defy the state and its policies, overcome poverty, and take control of the local marketing of shrimp. Another objective of this article is to show why and how women engaged in collective action so they could be legitimized as workers and how gender shaped their individual experiences.

The Psychologist Said Quickly, “Dialogue Descriptions Modulate Reading Speed!”

PubMed Central

Stites, Mallory C.; Luke, Steven G.; Christianson, Kiel

2012-01-01

The current study investigates whether the semantic content of a dialogue description can affect reading times on an embedded quote to determine if the speed at which a character is described as saying a quote influences how quickly it is read. Yao and Scheepers (2011) previously found that readers were faster to read direct quotes when the preceding context implied that the talker generally spoke quickly, an effect attributed to perceptual simulation of talker speed. The current study manipulated the speed of a physical action performed by the speaker independently from character talking rate to determine if these sources have separable effects on perceptual simulation of a direct quote. Results showed that readers spent less time reading direct quotes described as being said quickly compared to slowly (e.g., John walked/bolted into the room and said energetically/nonchalantly, “I finally found my car keys”), an effect that was not present when a nearly identical phrase was presented as an indirect quote (e.g., John…said energetically that he finally found his car keys). The speed of the character’s movement did not affect direct quote reading times. Furthermore, fast adverbs were themselves read significantly faster than slow adverbs, an effect we attribute to implicit effects on the eye movement program stemming from automatically activated semantic features of the adverbs. Our findings add to the literature on perceptual simulation by showing that these effects can be instantiated with only a single adverb, and are strong enough to override effects of global sentence speed. PMID:22927027

Task 1.6 - mixed waste. Topical report, April 1, 1994--September 30, 1995

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

For fifty years, the United States was involved in a nuclear arms race of immense proportions. During the majority of this period, the push was always to design new weapons, produce more weapons, and increase the size of the arsenal, maintaining an advantage over the opposition in order to protect U.S. interests. Now that the {open_quotes}Cold War{close_quotes} is over, we are faced with the imposing tasks of dismantling, cleaning up, and remediating the wide variety of problems created by this arms race. An overview of the current status of the total remediation effort within the DOE is presented in themore » DOE publication {open_quotes}ENVIRONMENTAL MANAGEMENT 1995{close_quotes} (EM 1995). Not all radioactive waste is the same though; therefore, a system was devised to categorize the different types of radioactive waste. These categories are as follows: spent fuel; high-level waste; transuranic waste; low-level waste; mixed waste; and uranium-mill tailings. Mixed waste is defined to be material contaminated with any of these categories of radioactive material plus an organic or heavy metal component. However, for this discussion, {open_quotes}mixed waste{close_quote} will pertain only to low-level mixed waste which consists of low-level radioactive waste mixed with organic solvents and or heavy metals. The area of {open_quotes}mixed-waste characterization, treatment, and disposal{close_quotes} is listed on page 6 of the EM 1995 publication as one of five focus areas for technological development, and while no more important than the others, it has become an area of critical concern for DOE. Lacking adequate technologies for treatment and disposal, the DOE stockpiled large quantities of mixed waste during the 1970s and 1980s. Legislative changes and the need for regulatory compliance have now made it expedient to develop methods of achieving final disposition for this stockpiled mixed waste.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Young, I.

Singapore`s Economic Development Board (EDB) will team up with Mobil and Exxon in separate feasibility studies for the country`s third steam cracker project. Mobil recently announced it had signed a memorandum of understanding with EDB and Jurong Town Corp. to study a Smore » $$1.5-billion project for an 800,000-m.t./year ethylene plant for completion in about 2001. Exxon now intends to launch its own parallel study, with EDB also involved. {open_quotes}Both feasibility studies will be carried out separately and at the same time,{close_quotes} an EDB spokesperson tells CW. {open_quotes}EDB, as a developmental agency, will provide Mobil and Exxon with the necessary facilitation and support.{close_quotes} Exxon`s original plan had been to study a slightly smaller cracker, with capacity of about 650,000 m.t./year. Both companies are involved in aromatics production in Singapore. Both cracker studies are expected to take 12-15 months to complete. Sources do not rule out the possibility of Mobil and Exxon then teaming up for the project or both US majors going ahead with their own plants. {open_quotes}Exxon Chemical is being considered as a possible partner in the third plant,{close_quotes} confirms EDB assistant managing director Gong Wee Lik. {open_quotes}More petrochemical complexes could be built if conditions remain favorable-there`s no reason to stop at three,{close_quotes} he adds. Singapore`s second ethylene plant, a joint venture involving Shell and a Japanese consortium, is already under construction and is scheduled to start production in 1997. Its initial planned capacity is for 428,000 m.t./year of ethylene and 214,000 m.t./year of propylene. The plant will be built on Pulau Ayer Merbau, which is the site of the existing S$$2-billion complex built in 1984 and producing 450,000 m.t./year of ethylene and 225,000 m.t./year of propylene.« less

Common knowledge: Now you have it, now you don`t?

DOE Office of Scientific and Technical Information (OSTI.GOV)

Fagin, R.; Halpern, J.Y.; Moses, Y.

The notion of common knowledge, where everyone knows, everyone knows that everyone knows, etc., has proven to be fundamental in various disciplines, including Philosophy, Artificial Intelligence, Economics, and Psychology. This key notion was first studied by the philosopher David Lewis in the context of conventions. Lewis pointed out that in order for something to be a convention, it must in fact be common knowledge among the members of a group. (For example, the convention that green means {open_quotes}go{close_quotes} and red means {open_quotes}stop{close_quotes} is presumably common knowledge among the drivers in our society.) Common knowledge also arises in discourse understanding. Supposemore » Ann asks Bob {open_quotes}What did you think of the movie?{close_quotes} referring to a showing of Monkey Business they have just seen. Not only must Ann and Bob both know that {open_quotes}the movie{close_quotes} refers to Monkey Business, but Ann must know that Bob knows, Bob must know that Ann knows that Bob knows, and so on. In fact, by a closer analysis of this situation, it can be shown that there must be common knowledge of what movie is meant in order for Bob to answer the question appropriately. Finally, common knowledge also turns out to be a prerequisite for agreement and coordinated action in distributed systems. This is precisely what makes it such a crucial notion in the analysis of interacting groups of agents. On the other hand, in practical settings common knowledge is impossible to achieve. This puts us in a somewhat paradoxical situation, in that we claim both that common knowledge is a prerequisite for agreement and coordinated action and that it cannot be attained. We discuss two answers to this paradox: Modeling the world with a coarser granularity, and relaxing the requirements for coordination.« less

HullBUG Technology Development for Underwater Hull Cleaning

DTIC Science & Technology

2013-08-23

drawings of the Grooming Tool would be generated. These drawings would be vended out to approved vendors for quoting. Quotes would be obtained for...quantity purchased determined, parts would be vended out and manufactured. These parts would then be assembled at SRC. A test program would then follow...tolerances added to enable quoting by commercial machine shops. A top assembly drawing was created that identified all machined parts as well as all

Introduction of artificial pinning centre in {open_quotes}Bi{sub 2}Sr{sub 2}CaCu{sub 2}O{sub 8}{close_quotes} ceramics

DOE Office of Scientific and Technical Information (OSTI.GOV)

Majewski, P.; Aldinger, F.; Elschner, S.

1994-12-31

Considering the phase equilibrium diagram of the system Bi{sub 2}O{sub 3}-SrO-CaO-CuO, single phase {open_quotes}Bi{sub 2}Sr{sub 2}CaCu{sub 2}O{sub 8}{close_quotes} ceramics have been transformed by a simple annealing procedure into multi phase samples. The transformation results in the formation of second phases and in an increase of the intra grain critical current density at 1 T of five times. This increase is believed to express improved pinning properties of the superconducting crystals. The prepared pinning centres are believed to be e.g. coherent precipitates (Guinier-Preston-zones) within the superconducting crystals.

Theoretical motivation for gravitation experiments on ultra-low energy antiprotons and antihydrogen

DOE Office of Scientific and Technical Information (OSTI.GOV)

Nieto, M.M.

1995-12-31

It is known that the generally accepted theories of gravity and quantum mechanics are fundamentally incompatible. Thus, when one tries to combine these theories, one must beware of physical pitfalls. Modern theories of quantum gravity are trying to overcome these problems. Any ideas must confront the present agreement with general relativity, but yet be free to wonder about not understood phenomena, such as the dark matter problem. This all has led some {open_quotes}intrepid{close_quotes} theorists to consider a new gravitational regime, that of antimatter. Even more {open_quotes}daring{close_quotes} experimentalists are attempting, or considering attempting, the measurement of the gravitational force on antimatter,more » including low-energy antiprotons and, perhaps most enticing, antihydrogen.« less

The Value of Transparency in Distributed Solar PV Markets

DOE Office of Scientific and Technical Information (OSTI.GOV)

OShaughnessy, Eric J.; Margolis, Robert M.

Distributed solar photovoltaic (PV) markets are relatively non-transparent: PV price and product information is not readily available, searching for this information is costly (in terms of time and effort), and customers are mostly unfamiliar with the new technology. Quote aggregation, where third-party companies collect PV quotes on behalf of customers, may be one way to increase PV market transparency. In this paper, quote aggregation data are analyzed to study the value of transparency for distributed solar PV markets. The results suggest that easier access to more quotes results in lower prices. We find that installers tend to offer lower pricesmore » in more competitive market environments. We supplement the empirical analysis with key findings from interviews of residential PV installers.« less

US PWR steam generator management: An overview

DOE Office of Scientific and Technical Information (OSTI.GOV)

Welty, C.S. Jr.

1997-02-01

This paper provides an overview on the status of steam generator management activities in US PWRs, and includes: (1) an overview of the impact of steam generator problems; (2) a brief discussion of historical damage trends and the current damage mechanism of most concern; (3) a discussion of the elements of {open_quotes}steam generator management{close_quotes}; and (4) a description of the approach being followed to implement a degradation-specific protocol for tubing inspection and repair. This paper was prepared in conjunction with another paper presented during the Plenary Session of this Conference, {open_quotes}Steam Generator Degradation: Current Mitigation Strategies for Controlling Corrosion{close_quotes}, andmore » is provided as a supplement to that material.« less

Quantum Privacy Amplification and the Security of Quantum Cryptography over Noisy Channels

DOE Office of Scientific and Technical Information (OSTI.GOV)

Deutsch, D.; Ekert, A.; Jozsa, R.

1996-09-01

Existing quantum cryptographic schemes are not, as they stand, operable in the presence of noise on the quantum communication channel. Although they become operable if they are supplemented by classical privacy-amplification techniques, the resulting schemes are difficult to analyze and have not been proved secure. We introduce the concept of quantum privacy amplification and a cryptographic scheme incorporating it which is provably secure over a noisy channel. The scheme uses an {open_quote}{open_quote}entanglement purification{close_quote}{close_quote} procedure which, because it requires only a few quantum controlled-not and single-qubit operations, could be implemented using technology that is currently being developed. {copyright} {ital 1996 Themore » American Physical Society.}« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Roberts, M.

The European chemical industry, facing growing political support for the European Commission`s latest version of the carbon dioxide (CO{sub 2})-energy tax, has renewed its attacks on the proposed law. Simon de Bree, chairman of DSM and president of the European Chemical Industry Council (Cefic; Brussels), last week wrote to Jacques Santer, president of the commission, and Solana Madariaga, current president of Europe Union`s (EU) Council of Ministers, saying the tax was {open_quotes}totally unacceptable and irresponsible in terms of EU competitiveness.{close_quotes} He says it {open_quotes}has nothing to do anymore with the protection of the environment and has instead become a normalmore » additional taxation, disguised, for opportunistic reasons, as an environmental protection measurement.{close_quotes}« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Grabow, P.C.

It is apparent that the computer has had and is having a profound effect on everyone`s life. However, it is not always apparent what these effects are, where they originate, what direction they are taking us, or what controls them. Unfortunately, discussions concerning these issues often lack needed context -- terminology and ideas that help one uncover the underlying reality. This paper attempts to provide some of that context by introducing Jacques Ellul`s concept of {open_quotes}technique{close_quotes} -- encompassing much more than the computer. Many of these ideas grew out of {open_quotes}The Cultural Impact of the Computer{close_quotes}, a senior-level course taughtmore » by the author at Baylor University. The need for such context became evident when preparing for that course.« less

Fullerene discoverers win nobel prize

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rotman, D.

1996-10-16

Two Rice University (Houston) chemists, Robert F. Curl and Richard E. Smalley, and a scientist at the University of Sussex (Brighton, U.K.), Harold W. Kroto, have won the 1996 Nobel Prize in Chemistry for the joint discovery of buckminsterfullerenes - soccer ball-shaped carbon molecules. The novel form of carbon, which was initially synthesized by the scientists in 1985 as C{sub 60} and C{sub 70} has led to the development of {open_quotes}an entirely new branch of chemistry... with consequences in such diverse areas as astrochemistry, superconductivity, and material chemistry/physics,{close_quotes} according to the Swedish Academy of Sciences (Stockholm). For chemists, the structuremore » is {open_quotes}uniquely beautiful and satisfying,{close_quotes} the academy says.« less

Report on {open_quotes}audit of internal controls over special nuclear materials{close_quotes}

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

1996-04-01

The Department of Energy (Department) is responsible for safeguarding a significant amount of plutonium, uranium-233 and enriched uranium - collectively referred to as special nuclear materials - stored in the United States. The Department`s office of Nonproliferation and National Security has overall management cognizance for developing policies for safeguarding these materials, while other Headquarters program offices have {open_quotes}landlord{close_quotes} responsibilities for the sites where the materials are stored, and the Department`s operations and field offices provide onsite management of contractor operations. The Department`s management and operating contractors, under the direction of the Department, safeguard and account for the special nuclear materialmore » stored at Department sites.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rotman, D.

Exxon chemical says it has made linear low-density polyethylene (LLDPE) using metallocene catalysts at its world-scale gas-phase plant in Mont Belvieu, TX. Exxon also says it has received a broad US patent that covers the use of metallocenes in gas-phase reactors that use condensing mode technology and that it plans to license the know-how. The moves, say industry experts, greatly strengthen Exxon`s position in metallocenes, particularly in pushing metallocene-based PE into commodity markets. The use of gas-phase technology {open_quotes}had to happen{close_quotes} to allow metallocene polymers to compete as commodities, says David Highfield, v.p. at Catalyst Consultants (Spring House, PA). {open_quotes}It`smore » very important and very significant in widening the scope of [metallocene] technology.{close_quotes}« less

Thesis - keeping the management system {open_quotes}live{close_quotes} and reaching the workforce

DOE Office of Scientific and Technical Information (OSTI.GOV)

Primrose, M.J.; Bentley, P.D.; Graaf, G.C. van der

1996-12-31

Previous papers given to SPE conferences have described the Shell Group approach to Safety Management Systems and to Safety Cases. Their extension to HSE MS and to HSE Cases has also been addressed. Since 1984 the Enhanced Safety Management (ESM) programme within Shell companies has led to a significant improvement in the management of safety but it was only when structured management systems (based upon an understanding of the business processes) were introduced that true integration of HSE as a line responsibility became a reality. This paper describes the THESIS software package and the way that management systems have beenmore » made {open_quote}live{close_quote} and how workforce involvement can be demonstrated.« less

76 FR 46959 - Large Trader Reporting

Federal Register 2010, 2011, 2012, 2013, 2014

2011-08-03

...://advancedtrading.com/algorithms/showArticle.jhtml?articleID=218401501 (high frequency trading accounts for 73% of U... decisions independently of each other would cloud the Commission's view when investigating for certain...

Using Residential Solar PV Quote Data to Analyze the Relationship Between Installer Pricing and Firm Size

DOE Office of Scientific and Technical Information (OSTI.GOV)

O'Shaughnessy, Eric; Margolis, Robert

2017-05-18

We use residential solar photovoltaic (PV) quote data to study the role of firm size in PV installer pricing. We find that large installers (those that installed more than 1,000 PV systems in any year from 2013 to 2015) quote higher prices for customer-owned systems, on average, than do other installers. The results suggest that low prices are not the primary value proposition of large installers.

Using Residential Solar PV Quote Data to Analyze the Relationship Between Installer Pricing and Firm Size

DOE Office of Scientific and Technical Information (OSTI.GOV)

O'Shaughnessy, Eric; Margolis, Robert

2017-05-19

We use residential solar photovoltaic (PV) quote data to study the role of firm size in PV installer pricing. We find that large installers (those that installed more than 1,000 PV systems in any year from 2013 to 2015) quote higher prices for customer-owned systems, on average, than do other installers. The results suggest that low prices are not the primary value proposition of large installers.

Orphan radon daughters at Denver Radium site

DOE Office of Scientific and Technical Information (OSTI.GOV)

Holub, R.F.; Droullard, R.F.; Davis, T.H.

During 18 mo of sampling airborne radioactively at a National Priority List ({open_quotes}Superfund{close_quotes}) site in metroPOlitan Denver, Bureau of mines personnel discovered radon daughters that are not supported by the parent radon gas. We refer to them as {open_quotes}orphan{close_quotes} daughters because the parent, radon, is not present in sufficient concentration to support the measured daughter products. Measurements of the {open_quotes}orphan{close_quotes} daughters were made continuously, using the Bureau-developed radon and working-level (radon-daughter) monitors. The data showed high equilibrium ratios, ranging from 0.7 to 3.5, for long periods of time. Repeated, high-volume, 15-min grab samples were made, using the modified Tsivoglou method,more » to measure radon daughters, to which thoron daughters contributed 26 {+-} 12%. On average 28 {+-} 6% of the particulate activity was contributed by thoron daughters. Most samples were mixtures in which the {sup 218}Po concentration was lower than that of {sup 214}Pb and {sup 214}Bi, in agreement with the high-equilibrium factors obtained from the continuous sampling data. In view of the short half-life of radon progeny, we conclude that the source of the orphan daughters is not far from the Superfund sites. The mechanism of this phenomenon is not understood at this time, but we will discuss its possible significance in evaluating population doses.« less

Oil and gas: Oilfield class actions

DOE Office of Scientific and Technical Information (OSTI.GOV)

McArthur, J.B.

1997-06-01

The use of class actions is getting alot of attention in the oilfield. Plaintiffs have filed class actions challenging two of the most rooted industry practices, oil posted prices and deregulated natural gas affiliate deduction and charges. The classes will include tens or hundreds of thousands of plaintiffs and may transform two of the industry`s most settled practices. The emotions surrounding the class action risk obscuring the fact that it is an old and oft-used tool in oilfield litigation. The class action {open_quotes}provides a means by which, where a large group of persons are interested in a matter, one ormore » more may sue or be sued as representatives of the class without needing to join every member of the class.{close_quotes} The procedure avoids waste by combining scattered disputes, even if some injured might sue individually, and it enables plaintiffs who could not afford to sue to be represented anyway. The lawyers draw their fees from any recovery. Almost all oilpatch class actions are brought to resolve a {open_quotes}common question{close_quotes} under Federal Rules of Civil Procedure 23(b)(3) or state counterparts. The rule`s {open_quotes}opt-out{close_quotes} provisions give class actions a tremendous boost because members stay in unless they take steps to get out. This article discusses present and future class actions.« less

Conversion of (Meth)acrylic acids to methane granular sludge: Initiation by specific anerobic microflora

DOE Office of Scientific and Technical Information (OSTI.GOV)

Shtarkman, N.B.; Obraztova, A.Y.; Laurinavichyus, K.S.

1995-03-01

The role of a specific anaerobic microflora in the initiation of degradation of (meth)acrylic acids to methane by granular sludge from a UASB reactor was investigated. Associations of anaerobic bacteria isolated from the anaerobic sludge, which was used for a long time for treatment of wastewater from (meth)acrylate production, were able to realize the initial stage of (meth)acrylic acid decomposition, i.e., a conversion of acrylic and methacrylic acids to propionic and isobutyric acids, respectively. When added to granules, these association played a role of an {open_quotes}initiator{close_quotes} of the degradation process, which was then continued by the granular sludge microflora utilizingmore » propionate and isobutyrate. Some characteristics of the granules adapted to propionate or isobutyrate are presented. The rates of propionate and isobutyrate consumption by adapted granules is, respectively, 21 and 53 times higher than the values obtained for nonadapted granules. A combined use of {open_quotes}initiating{close_quotes} bacteria and adapted granules provided degradation of (meth)acrylic acids with a maximum methane yield. The possibility is discussed of employing the granules, which are adapted to short-chain fatty acids, and the {open_quotes}initiating{close_quotes} bacteria, which accomplish the initial steps of the organic material decomposition to lower fatty acids, for the conversion of various chemical compounds to methane. 10 refs., 3 figs., 2 tabs.« less

Stacking pattern and stratigraphic model of reservoirs from a modern analogue to ancient deltaic and siliciclastic deposits: Golfe du Lion, SE France

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tesson, M.; Bernard, G.; Georges, A.

1995-08-01

The {open_quotes}Golfe du Lion{close_quotes} Pleistocene shelf deposits are used as modern analogues of ancient deltaic and shallow water siliciclastic deposits. At least 6 cyclic superimposed sedimentary packages constituting a seaward thickening wedge are documented, including major progradational clinoforms units bounded by regional unconformities, with their updip terminations. Seismic correlations and geometry models, together with age dating and facies analysis of the uppermost units have been used at regional scale. They allowed to differentiate allocyclic from autocyclic events, to improve our knowledge of the nature of tectonic control on architecture, and to rely the different seismic units, inside the packages, tomore » the environmental changes from interglacial highstand to glacial lowstand in 4 to 5th order cycles. An alternative model of {open_quotes}forced regression{close_quotes} during sea level lowstand was documented and validated. The different illustrated sedimentary units, related to specific parts of the relative sea level curve along a short duration/high amplitude cycle, are: (i) the {open_quotes}forced regression{close_quotes} deposits (ii) the late lowstand massive sands onto the outer shelf (iii) the early transgressive backstepping (?) beach sands, (iii) the late transgressive backslapping parasequences. The sand content inferred from the seismic facies, comforted with the uppermost units facies from data cores, is in agreement with this model.« less

Green electricity: It`s in the eye of the beholder

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rodgers, L.M.

Some people want to know what {open_quotes}green power{close_quotes} means - and, by extension, {open_quotes}environmentally friendly{close_quotes}. Does that mean low emissions, including nuclear energy? Is renewable energy automatically green? Should the simple fact of compliance with all standards imposed by the Environmental Protection Agency afford the right to advertise power generation as green? Consumers, agencies and state and federal officials want truth in advertising. Proponents of alternative generation claim consumers are willing to pay more for cleaner, greener energy. Residential customers of Detroit Edison, for instance, pay more than $6.50 additional per month to support solar energy. In Colorado, the Governor`smore » Office of Energy Conservation is using special funds to help offset the additional cost it takes to power the governors` home with wind. Only clear industry guidelines can ensure that everyone is actually getting what they`re paying for. Green power certification is proceeding on several different fronts. Commissions and legislatures are mandating resource disclosure of generation sources. Legislation at both the state and federal level are investigating the use of renewable portfolio standards. The Federal Trade Commission is considering establishing voluntary guidelines for electricity advertising like those already established for other retail products in the FTCs 1992 {open_quotes}Guides for the Use of Environmental Marketing Claims{close_quotes} (16 CFR 260).« less

Model curriculum outline for Alternatively Fueled Vehicle (AFV) automotive technician training in light and medium duty CNG and LPG

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

This model curriculum outline was developed using a turbo-DACUM (Developing a Curriculum) process which utilizes practicing experts to undertake a comprehensive job and task analysis. The job and task analysis serves to establish current baseline data accurately and to improve both the process and the product of the job through constant and continuous improvement of training. The DACUM process is based on the following assumptions: (1) Expert workers are the best source for task analysis. (2) Any occupation can be described effectively in terms of tasks. (3) All tasks imply knowledge, skills, and attitudes/values. A DACUM panel, comprised of sixmore » experienced and knowledgeable technicians who are presently working in the field, was given an orientation to the DACUM process. The panel then identified, verified, and sequenced all the necessary job duty areas and tasks. The broad duty categories were rated according to relative importance and assigned percentage ratings in priority order. The panel then rated every task for each of the duties on a scale of 1 to 3. A rating of 3 indicates an {open_quotes}essential{close_quotes} task, a rating of 2 indicates an {open_quotes}important{close_quotes} task, and a rating of 1 indicates a {open_quotes}desirable{close_quotes} task.« less

Evidence for a chromosome 22q susceptibility locus for some schizophrenics

DOE Office of Scientific and Technical Information (OSTI.GOV)

Pulver, A.E.; Wolyniec, P.; Nestadt, G.

Recent reports from linkage studies suggests that in some families there may be a gene associated with schizophrenia on chromosome 22q. Given the probable heterogeneity of schizophrenia, further exploration of this region was undertaken. The region was examined for candidate genes and diseases reported to have some psychiatric manifestations. Studies were initiated to examine the the potential phenotypic and molecular similarity between schizophrenia and velo-cardio-facial syndrome (VCFS), a syndrome associated with an interstitial deletion of 22q11.2. Phenotypic expression: (1) psychiatric evaluations of VCFS patients and their relatives found a high rate of DSM III-R schizophrenia in the patients and ofmore » psychotic illness in their 2nd and 3rd degree relatives. (2) 160 schizophrenic patients from the Maryland Epidemiology Sample (MES) were evaluated for the presence of typical facies seen in VCFS. Rating a 5-point scale, {open_quotes}5{close_quotes} being most likely, 15 (9.4%) were rated {open_quotes}5{close_quotes} and 27 (16.9%) were rated {open_quotes}4{close_quotes} for the VCFS-like facial features. Molecular characteristics: fluorescent in situ hybridization methods (FISH) identified 3 schizophrenics among 60 in the MES with the microdeletion of probe sc11.lab commonly deleted in VCFS subjects. This work provides a model for the mapping of complex phenotypes such schizophrenia using both genetic and epidemiological methods.« less

Critical fiber length technique for composite manufacturing processes

DOE Office of Scientific and Technical Information (OSTI.GOV)

Sivley, G.N.; Vandiver, T.L.; Dougherty, N.S.

1996-12-31

An improved injection technique for composite structures has been cooperatively developed by the U.S. Army Missile Command (MICOM) and Rockwell International (RI). This process simultaneously injects chopped fiberglass fibers and an epoxy resin matrix into a mold. Four injection techniques: (1){open_quotes}Little Willie{close_quotes} RTM system, (2) Pressure Vat system, (3) Pressure Vat system with vacuum assistance, and (4) Injection gun system, were investigated for use with a 304.8 mm x 304.8 mm x 5.08 mm (12 in x 12 in x 0.2 in) flat plaque mold. The driving factors in the process optimization included: fiber length, fiber weight, matrix viscosity, injectionmore » pressure, flow rate, and tool design. At fiber weights higher than 30 percent, the injection gun appears to have advantages over the other systems investigated. Results of an experimental investigation are reviewed in this paper. The investigation of injection techniques is the initial part of the research involved in a developing process, {open_quotes}Critical Fiber Length Technique{close_quotes}. This process will use the data collected in injection experiment along with mechanical properties derived from coupon test data to be incorporated into a composite material design code. The {open_quotes}Critical Fiber Length Technique{close_quotes} is part of a Cooperative Research and Development Agreement (CRADA) established in 1994 between MICOM and RI.« less

Physical and transcriptional map in the CMT 1A region

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chevillard, C.; Passage, E.; Cudrey, C.

1994-09-01

The Charcot-Marie-Tooth disease type 1A (CMT1A) has been mapped to the proximal short arm of chromosome 17. CMT1A is the most frequent of the motor and sensory peripheral neuropathies and is associated with a duplication of a 1.5 Mb fragment in proximal 17p12. Several groups have proposed that the gene coding for peripheral myelin protein-22 (PMP-22) as the candidate gene for CMT1A. We have recently published a {open_quote}MegaYAC{close_quote} contig of 6 Mb which covers the CMT1A critical region. In order to isolate new genes localized in this region, we used a {open_quote}physical trapping {close_quote} strategy derived from the direct cDNAmore » selection technique developed by Parimoo et al. This approach has allowed us to construct cDNA {open_quotes}minilibraries{close_quotes} using YAC DNA from the CMT1A region. One of the clones in these minilibraries has been mapped back to the CMT1A duplication. Other potentially interesting clones are in the process of further characterization. Furthermore, we have mapped several Genethon microsatellites in the 6 Mb YAC contig and some are located in the CMT1A duplicated region. These highly polymorphic markers should prove useful for diagnostic testing in CMT1A.« less

Multifunction devices and their impacts on energy use

DOE Office of Scientific and Technical Information (OSTI.GOV)

Amorosano, D.

1995-12-01

Integrated multifunctional office equipment will have ramifications for energy efficiency and use. Specifically discussed here is Canon`s Digital Imaging System, also known as the GP55 Series, currently under development. Integrated office equipment combines the capabilities of single-function, stand-alone devices, increasing efficiency by eliminating steps in the production and distribution of documents. Canon and other vendors are now introducing these products into the office equipment industry in response to four trends: (1) Implementation of local area networks (LANs). It`s estimated that by 1997, 73% of all personal computers (PCs) in offices will be networked in some way. Vendors are looking tomore » tie their office equipment into that network connection and shared-resource capability. (2) Adoption of the {open_quotes}More with less{close_quotes} attitude by most companies is forcing new approaches to the way in which they increase efficiency. (3) Continuing workgroup requirements for both electronic and hard copy input/output capabilities. (4) Persistence of the {open_quotes}Sneaker{close_quotes} network. Research commissioned by Canon has shown that in spite of LAN penetration, this {open_quotes}Sneakernet{close_quotes} is still significant, meaning that users must still leave their desks an average of 11 times a day to make copies, send faxes, etc. The idea behind integrated technology is to eliminate those steps in the document processing procedure.« less

The enforcement provisions of the Clean Air Act - not the same old Section 113

DOE Office of Scientific and Technical Information (OSTI.GOV)

Benthul, H.R.

1996-08-01

The Clean Air Act ({open_quotes}CAA{close_quotes}) of 1990 was in many respects a major overhaul of the previous versions of the Clean Air Act although it retained most of the preexisting major programs such as the basic National Ambient Air Quality Standards ({open_quotes}NAAQS{close_quotes}) scheme, PSD, new source performance standards, regulation of toxic air pollutants, and the like. The 1990 Act strengthened the enforcement provisions of the Act by enhancing the enforcement powers of the Environmental Protection Agency ({open_quotes}EPA{close_quotes}) of {section}113. For example, the criminal enforcement provisions of {section}113 are expanded both in the range of punishment and in the kinds ofmore » activities which are subject to criminal enforcement. Moreover, the Act now contains a number of additional enforcement provisions in addition to those found in {section}113. The purpose of this paper is to discuss both the {section}113 provision and as well, identify those enforcement provisions found outside {section}113. The latter provisions will be taken up first and addressed by Titles of the Act. The discussion of specific sections and subsections of the CAA are necessarily brief and in the nature of highlighting of particular features; like the rest of the CAA, careful reading and analysis is a requirement for full understanding.« less

A subjective supply-demand model: the maximum Boltzmann/Shannon entropy solution

NASA Astrophysics Data System (ADS)

Piotrowski, Edward W.; Sładkowski, Jan

2009-03-01

The present authors have put forward a projective geometry model of rational trading. The expected (mean) value of the time that is necessary to strike a deal and the profit strongly depend on the strategies adopted. A frequent trader often prefers maximal profit intensity to the maximization of profit resulting from a separate transaction because the gross profit/income is the adopted/recommended benchmark. To investigate activities that have different periods of duration we define, following the queuing theory, the profit intensity as a measure of this economic category. The profit intensity in repeated trading has a unique property of attaining its maximum at a fixed point regardless of the shape of demand curves for a wide class of probability distributions of random reverse transactions (i.e. closing of the position). These conclusions remain valid for an analogous model based on supply analysis. This type of market game is often considered in research aiming at finding an algorithm that maximizes profit of a trader who negotiates prices with the Rest of the World (a collective opponent), possessing a definite and objective supply profile. Such idealization neglects the sometimes important influence of an individual trader on the demand/supply profile of the Rest of the World and in extreme cases questions the very idea of demand/supply profile. Therefore we put forward a trading model in which the demand/supply profile of the Rest of the World induces the (rational) trader to (subjectively) presume that he/she lacks (almost) all knowledge concerning the market but his/her average frequency of trade. This point of view introduces maximum entropy principles into the model and broadens the range of economic phenomena that can be perceived as a sort of thermodynamical system. As a consequence, the profit intensity has a fixed point with an astonishing connection with Fibonacci classical works and looking for the quickest algorithm for obtaining the extremum of a convex function: the profit intensity reaches its maximum when the probability of transaction is given by the golden ratio rule (\\sqrt {5}-1)/{2} . This condition sets a sharp criterion of validity of the model and can be tested with real market data.

Finding a [open quotes]proposal[close quotes] for major federal action consistent with the purposes of NEPA: Does Blue Ocean Preservation Society v. Watkins breathe new life into the law

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chang, V.

Blue Ocean Preservation Society vs. Watkins (BOPS), the subject of this casenote, exemplifies the need for consideration of the environmental consequences of an agency action. The geothermal energy project which was the subject of that litigation involved sensitive, highly controversial and cultural concerns. BOPS illustrates the most compelling case for requiring preparation of an EIS before the decision to undertake agency action. This article addresses the question of what constitutes a [open quotes]proposal[close quotes] for purposes of compelling federal agencies to prepare EIS's pursuant to NEPA. Specifically, this casenote examines the method by which the Court found a proposal formore » major federal action in BOPS.« less

Lighting

DOE Office of Scientific and Technical Information (OSTI.GOV)

Audin, L.

1994-12-31

EPAct covers a vast territory beyond lighting and, like all legislation, also contains numerous {open_quotes}favors,{close_quotes} compromises, and even some sleight-of-hand. Tucked away under Title XIX, for example, is an increase from 20% to 28% tax on gambling winnings, effective January 1, 1993 - apparently as a way to help pay for new spending listed elsewhere in the bill. Overall, it is a landmark piece of legislation, about a decade overdue. It remains to be seen how the Federal Government will enforce upgrading of state (or even their own) energy codes. There is no mention of funding for {open_quotes}energy police{close_quotes} inmore » EPAct. Merely creating such a national standard, however, provides a target for those who sincerely wish to create an energy-efficient future.« less

LLNL Small-Scale Friction sensitivity (BAM) Test

DOE Office of Scientific and Technical Information (OSTI.GOV)

Simpson, L.R.; Foltz, M.F.

1996-06-01

Small-scale safety testing of explosives, propellants and other energetic materials, is done to determine their sensitivity to various stimuli including friction, static spark, and impact. Testing is done to discover potential handling problems for either newly synthesized materials of unknown behavior, or materials that have been stored for long periods of time. This report describes the existing {open_quotes}BAM{close_quotes} Small-Scale Friction Test, and the methods used to determine the friction sensitivity pertinent to handling energetic materials. The accumulated data for the materials tested is not listed here - that information is in a database. Included is, however, a short list ofmore » (1) materials that had an unusual response, and (2), a few {open_quotes}standard{close_quotes} materials representing the range of typical responses usually seen.« less

3-D architecture modeling using high-resolution seismic data and sparse well control: Example from the Mars {open_quotes}Pink{close_quotes} reservoir, Mississippi Canyon Area, Gulf of Mexico

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chapin, M.A.; Tiller, G.M.; Mahaffie, M.J.

1996-12-31

Economic considerations of the deep-water turbidite play, in the Gulf of Mexico and elsewhere, require large reservoir volumes to be drained by relatively few, very expensive wells. Deep-water development projects to date have been planned on the basis of high-quality 3-D seismic data and sparse well control. The link between 3-D seismic, well control, and the 3-D geological and reservoir architecture model are demonstrated here for Pliocene turbidite sands of the {open_quotes}Pink{close_quotes} reservoir, Prospect Mars, Mississippi Canyon Areas 763 and 807, Gulf of Mexico. This information was used to better understand potential reservoir compartments for development well planning.

Tendency towards maximum complexity in a nonequilibrium isolated system

DOE Office of Scientific and Technical Information (OSTI.GOV)

Calbet, Xavier; Lopez-Ruiz, Ricardo

2001-06-01

The time evolution equations of a simplified isolated ideal gas, the {open_quotes}tetrahedral{close_quotes} gas, are derived. The dynamical behavior of the Lopez-Ruiz{endash}Mancini{endash}Calbet complexity [R. Lopez-Ruiz, H. L. Mancini, and X. Calbet, Phys. Lett. A >209, 321 (1995)] is studied in this system. In general, it is shown that the complexity remains within the bounds of minimum and maximum complexity. We find that there are certain restrictions when the isolated {open_quotes}tetrahedral{close_quotes} gas evolves towards equilibrium. In addition to the well-known increase in entropy, the quantity called disequilibrium decreases monotonically with time. Furthermore, the trajectories of the system in phase space approach themore » maximum complexity path as it evolves toward equilibrium.« less

The results of the investigations of Russian Research Center - {open_quotes}Kurchatov Institute{close_quotes} on molten salt applications to problems of nuclear energy systems

DOE Office of Scientific and Technical Information (OSTI.GOV)

Novikov, V.M.

1995-10-01

The results of investigations on molten salt (MS) applications to problems of nuclear energy systems that have been conducted in Russian Research {open_quotes}Kurchatov Institute{close_quotes} are presented and discussed. The spectrum of these investigations is rather broad and covers the following items: physical characteristics of molten salt nuclear energy systems (MSNES); nuclear and radiation safety of MSNES; construction materials compatible with MS of different compositions; technological aspects of MS loops; in-reactor loop testing. It is shown that main findings of completed program support the conclusion that there are no physical nor technological obstacles on way of MS application to different nuclearmore » energy systems.« less

17 CFR 18.04 - Statement of reporting trader.

Code of Federal Regulations, 2010 CFR

2010-04-01

... time in a physical marketing channel, and the transactions or positions are economically appropriate to... at a later time in a physical marketing channel and the transactions or positions are economically...

Hydrothermal treatment of hazardous energetic materials waste

DOE Office of Scientific and Technical Information (OSTI.GOV)

Brill, T.B.; Schoppelrei, J.W.; Maiella, P.G.

1995-12-31

Destruction of energetic materials by hydrothermal methods presents a potential for strongly exothermic oxidation-reduction reactions, which, if localized at a site in the reactor, create {open_quotes}hot spots{close_quotes}. To investigate highly exothermic hydrothermal reactions, real-time spectroscopic measurements in the stream by infrared and Raman spectroscopy offer opportunities. Flow reactor-spectroscopy cells were developed for such studies, focusing on approximately oxygen-balanced nitrate salts for which highly exothermic reactions can occur. In addition, the kinetics of formation of later stage products were studied because these products are likely to be released to the environment and to be regulated. An experiment was designed to simulatemore » the occurence of a phase separation in a reactor followed by rapid exothermic reaction. By varying the pressure, water content, and hydrogen content in the reaction volume of the cell, the freeze out temperatures required to set the carbon monoxide/carbon dioxide ratio were determined to be 1300 to 1470 K. Such high temperatures suggest that localized hot spots can exist which greatly exceed the overall set temperature of the reactor. This scenario can occur if a phase separation occurs to isolate ethylenediammonium dinitrate in quantities as small as tenths of milligrams. Studies of the oxidation-reduction reactions of nitrate ion with the counter ion show that the oxidizing power of the nitrate ion is realized provided a readily oxidizable cation such as hydroxylammonium is present. When the cation has a low reactivity, such as quanidinium, a much higher reaction temperature is required before the nitrate ion reacts. At this temperature, the cation may have already begun to decompose by a hydrothermal route.« less

Animal and industrial waste anaerobic digestion: USA status report

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lusk, P.D.

1996-01-01

Pollutants from unmanaged animal and bio-based industrial wastes can degrade the environment, and methane emitted from decomposing wastes may contribute to global climate change. One waste management system prevents pollution and converts a disposal problem into a new profit center. Case studies of operating systems indicate that the anaerobic digestion of animal and industrial wastes is a commercially available bioconversion technology with considerable potential for providing profitable coproducts, including a cost-effective renewable fuel. Growth and concentration of the livestock industry create opportunities to properly dispose of the large quantities of manures generated at dairy, swine, and poultry farms. Beyond themore » farm, extension of the anaerobic digestion process to recover methane has considerable potential for certain classified industries - with a waste stream characterization similar to livestock manures. More than 35 example industries have been identified, and include processors of chemicals, fiber, food, meat, milk, and pharmaceuticals. Some of these industries already recover methane for energy. This status report examines some current opportunities for recovering methane from the anaerobic digestion of animal and industrial wastes in the US. Case studies of operating digesters, including project and maintenance histories, and the operator`s {open_quotes}lessons learned,{close_quotes} are included as a reality check. Factors necessary for successful projects, as well as a list of reasons explaining why some anaerobic digestion projects fail, are provided. The role of management is key; not only must digesters be well engineered and built with high-quality components, they must also be sited at facilities willing to incorporate the uncertainties of a new technology. Anaerobic digestion can provide monetary benefits and mitigate possible pollution problems, thereby sustaining development while maintaining environmental quality.« less

Metal poisons for criticality in waste streams

DOE Office of Scientific and Technical Information (OSTI.GOV)

Williamson, T.G.; Goslen, A.Q.

1996-12-31

Many of the wastes from processing fissile materials contain metals that may serve as neutron poisons. It would be advantageous to the criticality evaluation of these wastes to demonstrate that the poisons remain with the fissile materials and to demonstrate an always safe poison-to-fissile ratio. The first task, demonstrating that the materials stay together, is the job of the chemist; the second, calculating an always safe ratio, is an object of this paper. In an earlier study, the authors demonstrated safe ratios for iron, manganese, and chromium oxides to {sup 235}U. In these studies, the Hansen-Roach 16-group cross sections weremore » used with the Savannah River site code HRXN. Multiplication factors were computed, and safe ratios were defined such that the adjusted neutron multiplication factors (k values) were <0.95. These safe weight ratios were Fe:{sup 235}U - 77:1; Mn:{sup 235}U - 30:1; and Cr:{sup 235}U - 52:1. Palmer has shown that for certain mixtures of aluminum, iron, and zirconium with {sup 235}U, the computed infinite multiplication factors may differ by as much as 20% with different cross sections and processing systems. Parks et al. have further studied these mixtures and state, {open_quotes}...these metal/uranium mixtures are very sensitive to the metal cross-section data in the intermediate-energy range and the processing methods that are used.{close_quotes} They conclude with a call for more experimental data. The purpose of this study is to reexamine earlier work with cross sections and processing codes used at Westinghouse Savannah River Company today. This study will focus on {sup 235}U mixtures with iron, manganese and chromium. Sodium will be included in the list of poisons because it is abundant in many of the waste materials.« less

Inside story on the legal challenge to EPA`s municipal waste combustor rule: The mouse that roared, Round 1

DOE Office of Scientific and Technical Information (OSTI.GOV)

Jenkins, L.S.

1997-12-01

An article in the Deseret News, one of two general circulation newspapers in Salt Lake City, Utah, dated December 13, 1996, reported that {open_quotes}David{close_quotes} took on {open_quotes}Goliath{close_quotes} and won. The article referred to the Davis County Solid Waste Management and Energy Recovery Special Service District`s (the {open_quotes}District{close_quotes}) victory on its challenge to the EPA`s municipal waste combustor rules. On December 6, 1996, the United States Court of Appeals for the District of Columbia Circuit ruled that the EPA violated the plain language of Section 129 of the Clean Air Act, when it wrote size categories for municipal waste combustors ({open_quotes}MWCs{close_quotes})more » based on aggregate plant capacity, rather than unit capacity. The District argued that Congress divided the universe of MWC units into two categories: those with unit capacities above 250 tons per day, and those with unit capacities equal to or less than 250 tons per day. The EPA, however, had set the dividing line at 248 tons per day aggregate plant capacity in its municipal waste combustor rule. The Court said this was wrong. The Deseret News report certainly echoed the feelings of the District. Those of you familiar with the EPA, the process of judicial review of administrative rule making, and the Biblical story of David and Goliath, however, will quickly see that this is not the best metaphor to describe what happened. When David slew Goliath, that was the end of Goliath. He didn`t get back up. Of course, that will not happen to the EPA in the Davis County case. Like an 800-pound gorilla, it will always get back up after being challenged by a mouse. This paper tells the story of the challenge to the MWC rule from the District`s perspective. The District has not been popular with either the EPA or many industry players. But, the District was faced with a real problem that, given the District`s location and the local economy, forced its hand in this case.« less

From molecule to market: steroid hormones and financial risk-taking.

PubMed

Coates, John M; Gurnell, Mark; Sarnyai, Zoltan

2010-01-27

Little is known about the role of the endocrine system in financial decision-making. Here, we survey research on steroid hormones and their cognitive effects, and examine potential links to trader performance in the financial markets. Preliminary findings suggest that cortisol codes for risk and testosterone for reward. A key finding of this endocrine research is the different cognitive effects of acute versus chronic exposure to hormones: acutely elevated steroids may optimize performance on a range of tasks; but chronically elevated steroids may promote irrational risk-reward choices. We present a hypothesis suggesting that the irrational exuberance and pessimism observed during market bubbles and crashes may be mediated by steroid hormones. If hormones can exaggerate market moves, then perhaps the age and sex composition among traders and asset managers may affect the level of instability witnessed in the financial markets.

Modeling financial markets by self-organized criticality

NASA Astrophysics Data System (ADS)

Biondo, Alessio Emanuele; Pluchino, Alessandro; Rapisarda, Andrea

2015-10-01

We present a financial market model, characterized by self-organized criticality, that is able to generate endogenously a realistic price dynamics and to reproduce well-known stylized facts. We consider a community of heterogeneous traders, composed by chartists and fundamentalists, and focus on the role of informative pressure on market participants, showing how the spreading of information, based on a realistic imitative behavior, drives contagion and causes market fragility. In this model imitation is not intended as a change in the agent's group of origin, but is referred only to the price formation process. We introduce in the community also a variable number of random traders in order to study their possible beneficial role in stabilizing the market, as found in other studies. Finally, we also suggest some counterintuitive policy strategies able to dampen fluctuations by means of a partial reduction of information.

A Stakeholder Survey on Live Bird Market Closures Policy for Controlling Highly Pathogenic Avian Influenza in Vietnam.

PubMed

Nguyen, Thi Thanh Thuy; Fearnley, Lyle; Dinh, Xuan Tung; Tran, Thi Tram Anh; Tran, Trong Tung; Nguyen, Van Trong; Tago, Damian; Padungtod, Pawin; Newman, Scott H; Tripodi, Astrid

2017-01-01

Extensive research in Vietnam and elsewhere has shown that live bird markets (LBMs) play a significant role in the ecology and zoonotic transmission of avian influenzas (AIs) including H5N1 and H7N9. Vietnam has a large number of LBMs reflecting the consumer preferences for live poultry. Under pressure to mitigate risks for H7N9 and other zoonotic AIs, Vietnam is considering, among other mitigation measures, temporary closures of LBMs as a policy to reduce risk of AI outbreaks. However, the efficacy of market closure is debated, particularly because little is known about how poultry traders may react, and whether trading may emerge outside formal marketplaces. Combining efforts of anthropologists, economists, sociologists, and veterinarians can be useful to elucidate the drivers behind poultry traders' reactions and better understanding the barriers to implementing risk mitigation measures. In this paper, we present results from a stakeholder survey of LBM stakeholders in Vietnam. Our qualitative data show that trading outside formal markets is very likely to occur in the event of a temporary LBM market closure. Our data show that the poultry value chain in Vietnam remains highly flexible, with traders willing and able to trade poultry in many possible locations. Our results indicate that simplification of the poultry value chain along with strict enforcement, engagement of stakeholders, and adequate communication would be a necessary prerequisite before market closure could be an effective policy.

Adaptive Sniping for Volatile and Stable Continuous Double Auction Markets

NASA Astrophysics Data System (ADS)

Toft, I. E.; Bagnall, A. J.

This paper introduces a new adaptive sniping agent for the Continuous Double Auction. We begin by analysing the performance of the well known Kaplan sniper in two extremes of market conditions. We generate volatile and stable market conditions using the well known Zero Intelligence-Constrained agent and a new zero-intelligence agent Small Increment (SI). ZI-C agents submit random but profitable bids/offers and cause high volatility in prices and individual trader performance. Our new zero-intelligence agent, SI, makes small random adjustments to the outstanding bid/offer and hence is more cautious than ZI-C. We present results for SI in self-play and then analyse Kaplan in volatile and stable markets. We demonstrate that the non-adaptive Kaplan sniper can be configured to suit either market conditions, but no single configuration is performs well across both market types. We believe that in a dynamic auction environment where current or future market conditions cannot be predicted a viable sniping strategy should adapt its behaviour to suit prevailing market conditions. To this end, we propose the Adaptive Sniper (AS) agent for the CDA. AS traders classify sniping opportunities using a statistical model of market activity and adjust their classification thresholds using a Widrow-Hoff adapted search. Our AS agent requires little configuration, and outperforms the original Kaplan sniper in volatile and stable markets, and in a mixed trader type scenario that includes adaptive strategies from the literature.

FFTF Asbestos Location Tracking Program

DOE Office of Scientific and Technical Information (OSTI.GOV)

Reynolds, J.A.

1994-09-15

An Asbestos Location Tracking Program was prepared to list, locate, and determine Asbestos content and to provide baseline {open_quotes}good faith{close_quotes} for yearly condition inspections for the FFTF Plant and buildings and grounds.

Williams syndrome starts making sense

DOE Office of Scientific and Technical Information (OSTI.GOV)

Ashkenas, J.

1996-10-01

1996 may be marked as a transitional year in the study of Williams syndrome (WS), when the causes of this complex condition and a practical way to investigate began to come into focus. WS presents a remarkable collection of symptoms that affect blood vessels, growth, intelligence, and behavior. WS commonly leads to infantile hypercalcemia, retardation of growth, prematurely wrinkled skin, supraventricular aortic stenosis (SVAS), and sensitivity to loud noise. Children with this condition are often mentally retarded, with distinctive {open_quotes}elfin{close_quotes} facial features, a hoarse voice, and an {open_quotes}engaging{close_quotes} personality. Their cognitive deficits may be minimal or profound but typically involvemore » a specific pattern of strengths and weaknesses, with better-than-average face recognition but little ability to recognize how parts of patterns that they see fit into a whole. 36 refs.« less

Electrokinetic decontamination of concrete. Final report, August 3, 1993--September 15, 1996

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

1998-12-31

The ELECTROSORB{reg_sign} {open_quotes}C{close_quotes} process is an electrokinetic process for decontaminating concrete. ELECTROSORB{reg_sign} {open_quotes}C{close_quotes} uses a carpet-like extraction pad which is placed on the contaminated concrete surface. An electrolyte solution is circulated from a supporting module. This module keeps the electrolyte solution clean. The work is advancing through the engineering development stage with steady progress toward a full scale demonstration unit which will be ready for incorporation in the DOE Large Scale Demonstration Program by Summer 1997. A demonstration was carried out at the Mound Facility in Miamisburg, Ohio, in June 1996. Third party verification by EG&G verified the effectiveness ofmore » the process. Results of this work and the development work that proceeded are described herein.« less

{open_quotes}Full steam ahead{close_quotes} (a historical review of geothermal power development in the Philippines)

DOE Office of Scientific and Technical Information (OSTI.GOV)

Gazo, F.M.

1997-12-31

The Philippine geothermal energy development is now considered in a state of maturity. After more than 20 years of geothermal experience, the total geothermal installed capacity in the Philippines reached 1,455 MW (1996) or about 12% of the total installed power plant capacity. This also enabled the Philippines to become the second largest producer of geothermal energy in the world. The country`s track record in harnessing geothermal energy is considered a revelation, as it continues with its vision of {open_quotes}full steam ahead{close_quotes}, originally conceived when commercial geothermal operation started in 1973. It is thus proper and timely to refer tomore » historical highlights and experiences in geothermal energy development for planning and implementation of the country`s geothermal energy program.« less

IAEA international studies on irradiation embrittlement of reactor pressure vessel steels

DOE Office of Scientific and Technical Information (OSTI.GOV)

Brumovsky, M.; Steele, L.E.

1997-02-01

In last 25 years, three phases a Co-operative Research Programme on Irradiation Embrittlement of Reactor Pressure Vessel Steels has been organized by the International Atomic Energy Agency. This programme started with eight countries in 1971 and finally 16 countries took part in phase III of the Programme in 1983. Several main efforts were put into preparation of the programme, but the principal task was concentrated on an international comparison of radiation damage characterization by different laboratories for steels of {open_quotes}old{close_quotes} (with high impurity contents) and {open_quotes}advanced{close_quotes} (with low impurity contents) types as well as on development of small scale fracturemore » mechanics procedures applicable to reactor pressure vessel surveillance programmes. This year, a new programme has been opened, concentrated mostly on small scale fracture mechanics testing.« less

How to manage without being a manager

DOE Office of Scientific and Technical Information (OSTI.GOV)

Sweeney, M.A.

1997-06-01

In the author`s current position at Sandia National Laboratories within the Pulsed Power Sciences Center, much of the author`s time is spent in composing short (one page) technical reports and long (> 20 page) technical contracts and program plans for transmission to the Department of Energy and to upper management and also in reviewing long technical documents for accuracy. A major requirement of these efforts is to complete them on a timely basis, often within a few hours or a few days. In this talk, the author reveals some communication {open_quotes}secrets{close_quotes} that have been learned. The idea behind these twelvemore » {open_quotes}secrets{close_quotes} is to get the answers you, as a nonmanager, need quickly from a manager without creating stress either on your part or the manager`s part.« less

Plutonium storage criteria

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chung, D.; Ascanio, X.

1996-05-01

The Department of Energy has issued a technical standard for long-term (>50 years) storage and will soon issue a criteria document for interim (<20 years) storage of plutonium materials. The long-term technical standard, {open_quotes}Criteria for Safe Storage of Plutonium Metals and Oxides,{close_quotes} addresses the requirements for storing metals and oxides with greater than 50 wt % plutonium. It calls for a standardized package that meets both off-site transportation requirements, as well as remote handling requirements from future storage facilities. The interim criteria document, {open_quotes}Criteria for Interim Safe Storage of Plutonium-Bearing Solid Materials{close_quotes}, addresses requirements for storing materials with less thanmore » 50 wt% plutonium. The interim criteria document assumes the materials will be stored on existing sites, and existing facilities and equipment will be used for repackaging to improve the margin of safety.« less

De novo direct duplication of chromosome segment 22q11.2-q13.1

DOE Office of Scientific and Technical Information (OSTI.GOV)

Fujimoto, Atsuko; Lin, Ming S.

Lindsay et al. [1995] reported a case of de novo duplication of the segment 22q11-q12. Molecular cytogenetics studies showed that the segment includes the regions responsible for the {open_quotes}cat eye,{close_quotes} DiGeorge, and velo-cardio-facial syndrome, and extends distal to the breakpoint cluster region. The phenotype was milder than that of complete trisomy 22 and der(22)t(11;22) (q23;q11) syndrome and was similar in type and severity to that of {open_quotes}cat eye{close_quotes} syndrome (CES). They suggested that trisomy of gene(s) responsible for the CES might have a predominant phenotypic effect over other genes present in the region duplicated in their patient. 3 refs., 2more » figs.« less

Some comments on space flight and radiation limits

DOE Office of Scientific and Technical Information (OSTI.GOV)

Thornton, W E

Setting limits on human exposure to space-related radiation involves two very different processes - the appropriate hard science, and certain emotional aspects and expectations of the groups involved. These groups include the general public and their elected politicians, the astronauts and flight crews, and NASA managers, each group with different expectations and concerns. Public and political views of human space flight and human radiation exposures are often poorly informed and are often based on emotional reactions to current events which may be distorted by {open_quotes}experts{close_quotes} and the media. Career astronauts` and cosmonauts` views are much more realistic about the risksmore » involved and there is a willingness on their part to accept increased necessary risks. However, there is a concern on their part about career-threatening dose limits, the potential for overexposures, and the health effects from all sources of radiation. There is special concern over radiation from medical studies. This last concern continues to raise the question of {open_quotes}voluntary{close_quotes} participation in studies involving radiation exposure. There is greatly diversity in spaceflight crews and their expectations; and {open_quotes}official{close_quotes} Astronaut Office positions will reflect strong management direction. NASA management has its own priorities and concerns and this fact will be reflected in their crucial influence on radiation limits. NASA, and especially spaceflight crews, might be best served by exposure limits which address all sources of spaceflight radiation and all potential effects from such exposure.« less

An analysis of the equivalent dose calculation for the remainder tissues

DOE Office of Scientific and Technical Information (OSTI.GOV)

Zankl, M.; Drexler, G.

1995-09-01

In the 1990 Recommendations of the International Commission on Radiological Protection, the risk-weighted quantity {open_quotes}effective dose equivalent{close_quotes} was replaced by a similar quantity, {open_quotes}effective dose.{close_quotes} Among other alterations, the selection of the organs and tissues contributing to the risk-weighted quantity and their respective weighting factors were changed, including a modified definition of the so-called {open_quotes}remainder.{close_quotes} Close consideration of this latter definition shows that is causes certain ambiguities are unexpected effects which are dealt with in the following. For several geometries of external photon irradiation, the numerical differences of two possible methods of evaluating the remainder dose from the doses tomore » ten single organs, namely as arithmetic mean or as mass weighted average, are assessed. It is shown that deviation from these averaging procedures, as prescribed for these cases where a remainder organ receives a higher dose than an organ with a specified weighting factor, cause discontinuities in the energy dependence of the remainder dose and, consequently, also non-additivity of this quantity. These problems are discussed, and it is shown that, although the numerical consequences for the calculation of the effective dose are small, this unsatisfactory situation needs clarification. One approach might be to abolish some of the ICRP guidance relating to the appropriate tissue weighting factors for the remainder tissues and organs and to make other guidance more precise. 14 refs., 12 figs., 2 tabs.« less

Did the Mississippian Lodgepole buildup at Dickinson Field (North Dakota) form as a gas seep ({open_quotes}vent{close_quotes}) community?

DOE Office of Scientific and Technical Information (OSTI.GOV)

Longman, M.W.

1996-10-01

The Lower Mississippian Lodgepole carbonate buildup reservoir at Dickinson Field in Stark County, North Dakota, has been widely reported as being a Waulsortian (or Waulsortian-like) mound. The term {open_quotes}Waulsortian mound{close_quotes} is used for a variety of Early Mississippian carbonate buildups that share a number of features including an abundance of carbonate mud, a {open_quotes}framework{close_quotes} of organisms such as fenestrate bryozoans and crinoids that tended to trap or baffle sediment, and a general absence of marine-cemented reef framework. Although the age of the Lodgepole mound at Dickinson Field qualifies it to be a Waulsortian mound, petrographic study of cores reveals thatmore » the reservoir rocks are quite unlike those in true Waulsortian mounds. Instead of being dominated by carbonate mud, the Lodgepole mound core is dominated by marine cement. Furthermore, ostracods and microbial limestones are common in the mound core where they occur with crinoid debris and small amounts of bryozoan, coral, and brachiopod debris. The abundant microbial limestones and marine cement indicate that the Dickinson mound formed as a lithified reef on the sea floor rather than as a Waulsortian mud mound. The microbial limestones, marine cement, and common ostracods in the mount core, and the fact that the mound nucleated almost directly o top of the Bakken Shale, suggest that the Dickinson Lodgepole mound formed at the site of a submarine spring and gas seep.« less

Comment on [open quotes]Weathering, plants, and the long-term carbon cycle[close quotes] by Robert A. Berner

DOE Office of Scientific and Technical Information (OSTI.GOV)

Jackson, T.A.

1993-05-01

Berner (1992) has asserted that Jackson and Keller (1970a) misinterpreted the conspicuous reddish crust which forms on young lava flows in areas of rock surface colonised by the lichen Stereocaulon vulcani (but not in adjacent areas of bare rock) in regions of high rain fall on the Island of Hawaii. Jackson (1968) and Jackson and Keller (1970a,b) concluded from the results of a thorough interdisiplinary investigation employing a wide spectrum of techniques and information that his reddish coating, is an intensely leached weathering crust formed in situ, and that biochemical activities of the lichen or its associated microflora not onlymore » accelerate the chemical weathering of the rock by orders of magnitude but also determine the specific mineralogical and chemical properties of the weathering products. Berner, however, maintained that the reddish crust is in reality a deposit of [open quotes]wind-blown soil dust[close quotes] entrapped by a sticky organic substance secreted by the lichen. Berner fixed his attention on just one aspect of the many-sided body of interrelated data on which the conclusions of Jackson and Keller are founded-the observation that the weathering crust is much thicker on lichen-covered rock surfaces than on lichen-free [open quotes]control[close quotes] areas of the same rock. The totality of published evidence overwhelmingly supports the conclusions of Jackson and Keller an demonstrates that Berner's rival hypothesis is untenable.« less

Texas lignite mining: Groundwater and slope stability control in the nineties and beyond

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lawrence J.

As lignite mining in Texas approaches and exceeds depths of 200 feet below ground level, rising costs demand that innovative mining approaches be used in order to maintain the economic viability of lignite mining. Groundwater and slope stability problems multiply at these depths, resulting in increasing focus on how to control these costs. Dewatering costs are consistently rising for the lignite industry, as deeper mining encounters more and larger saturated sand bodies. These sands require dewatering in order to improve slope stability. Planning and analysis become more important as the number of wells grows beyond what can be managed withmore » a simple {open_quotes}cookie-cutter{close_quotes} approach. Slope stability plays an increasing role in mining concerns as deeper lignite is recovered. Slope stability causes several problems, including loss of lignite, increased rehandle, and hazards to personnel and equipment. Traditional lignite mine planning involved a fairly {open_quotes}generic{close_quotes} pit design with one design highwall angle, one design spoil angle, and little geotechnical evaluation of the deposit. This {open_quotes}one mine-one design{close_quotes} approach, while cost-effective in the past, is now being replaced by a more critical analysis of the design requirements of each area. Geotechnical evaluation plays an increasing role in the planning and operational aspects of lignite mining. Laboratory core sample test results can be used for slope stability modeling, in order to obtain more accurate design and operational information.« less

Pt-black catalysts sintered at different temperatures: Surface analysis and activity in reactions of n-hexane

DOE Office of Scientific and Technical Information (OSTI.GOV)

Paal, Z.; Xu, X.L.; Paal-Lukacs, J.

Pt-black catalysts sintered at 473 and 633 K ({open_quotes}Pt-473{close_quotes} and {open_quotes}Pt-633{close_quotes}), respectively, have been characterized by X-ray diffraction and analyzed by XPS, UPS, and AES after carrying out n-hexane reactions. The analysis has been repeated after O{sub 2}-H{sub 2} regeneration in the preparation chamber of the UHV apparatus. The surface of the blacks contains some carbon and oxygen impurities even after regeneration. Both Pt-473 and Pt-633 show high Pt 4f line intensity. Decomposition of the C 1s line reveals a higher amount of oxidized carbon polymers on Pt-633. This sample is free from lattice strain. The likely higher abundance ofmore » exposed hexagonal symmetry faces, namely the (111) plane and analogous stepped and kinked structures, may be one of the reasons why fragmentation and aromatization are favored on Pt-633, as opposed to the higher selectivity of isomerization and C{sub 5}-cyclization on Pt-473. The higher amount of oxidized carbonaceous polymer overlayer (serving as {open_quotes}hydrogen catcher{close_quotes}) on Pt-633 as well as the less-retained hydrogen by its crystallites without lattice strain may also contribute to the different selectivity and hydrogen pressure response of the n-hexane reaction over the two samples. Product ratios are suggested as an additional diagnostic tool for characterizing the hydrogen availability on the catalysts. 59 refs., 9 figs., 5 tabs.« less

Effects of Platform Design on the Customer Experience in an Online Solar PV Marketplace

DOE Office of Scientific and Technical Information (OSTI.GOV)

OShaughnessy, Eric J.; Margolis, Robert M.; Leibowicz, Benjamin

We analyze a unique dataset of residential solar PV quotes offered in an online marketplace to understand how platform design changes affect customer outcomes. Three of the four design changes are associated with statistically significant and robust reductions in offer prices, though none of the policies were designed explicitly to reduce prices. The results suggest that even small changes in how prospective solar PV customers interact with installers can affect customer outcomes such as prices. Specifically, the four changes we evaluate are: 1) a customer map that shows potential new EnergySage registrants the locations of nearby customers; 2) a quotemore » cap that precludes more than seven installers from bidding on any one customer; 3) a price guidance feature that informs installers about competitive prices in the customer's market before they submit quotes; and 4) no pre-quote messaging to prohibit installers from contacting customers prior to offering quotes. We calculate descriptive statistics to investigate whether each design change accomplished its specific objectives. Then, we econometrically evaluate the impacts of the design changes on PV quote prices and purchase prices using a regression discontinuity approach.« less

75 FR 4713 - Purchases of Certain Equity Securities by the Issuer and Others

Federal Register 2010, 2011, 2012, 2013, 2014

2010-01-29

... Stock Repurchases?,'' 13 Journal of Applied Corporate Finance, pp. 31-51 (2000) (noting issuers... Price Discovery,'' Journal of Empirical Finance 15, 839-849 (2008). \\45\\ See, e.g., Security Traders...

76 FR 2174 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-01-12

... traders additional opportunities and strategies to hedge high priced securities. Currently, Exchange Rule... example if Apple, Inc. (``AAPL'') would trade at $310 \\6\\ with approximately two months remaining until...

Biochemical Processes | Bioenergy | NREL

Science.gov Websites

;, red is labeled "Family 5", blue is labeled "Family 6", green is labeled " ;Family 7", purple is labeled "Family 12", and yellow is labeled "Family 45"

Ukraine nuclear power struggles for survival

DOE Office of Scientific and Technical Information (OSTI.GOV)

Kramchenkov, V.M.; Launer, M.K.

1996-07-01

The breakup of the former Soviet Union left Ukraine`s nuclear power industry in the lurch. Rampant inflation and the consequent skyrocketing price of fossil fuels has given Ukrain`s nuclear industry a greater share of the energy pie, say Vladimir M. Kramchenkov, deputy head of the technical department at the Zaporozhe nuclear station in Energodar, Ukraine, and Michael K. Launer, professor of Russian at Florida State University in Tallahassee. But with the economy in a downward spiral, conditions in the nuclear industry are getting worse rather than better. {open_quotes}Manufacturers don`t pay transporters; and employers often don`t pay workers for several monthsmore » at a time,{close_quotes} the authors note. The authors conclude that while nuclear power will be vital to Ukrain`s industrial strength, {open_quotes}the economic woes currently plaguing Ukraine-including persistent, rampant inflation-will continue to affect every aspect of Ukrainian society, including the energy sector.{close_quotes}« less

Hitaveita Reykjavikur and the Nesjavellir geothermal co-generation power plant

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lund, J.W.

1996-11-01

When Ingolfur Arnarson sighted land on the voyage which would make him the first settler in Iceland, he threw the pillars of his high seat overboard and relied on the gods to direct him to where he should settle. His slaves found them washed ashore in a bay where {open_quotes}smoke{close_quotes} rose out of the ground. Therefore, they call it Reykjavik, {open_quotes}Smoky Bay.{close_quotes} But the smoke after which Iceland`s capital is named was not the result of a fire, but was rather steam rising from hot springs. Ancient records only mention the use of geothermal springs for washing and bathing. Themore » best known examples are the Thvottalaugar (Washing pools) in what is now Laugardalur in Reykjavik, and the hot pool where saga writer Snorri Sturluson bathed at his farm in Reykholt in western Iceland.« less

Gas may be answer to world`s fuel needs

DOE Office of Scientific and Technical Information (OSTI.GOV)

Nakicenovic, N.; Nolan, L.

1995-08-01

Natural gas could become the major energy source of the 21st century, serving as a {open_quotes}bridge{close_quotes} fuel from the use of fossil fuels today to renewable energy sources tomorrow, say Nebojsa Nakicenovic and Lucy Nolan. Nakicenovic is a project leader and Nolan is a former research assistant for the Environmentally Compatible Energy Strategies Project at an Austrian research institute. The use of nuclear energy will by stymied by public opposition, costs, and waste-storage problems; renewable energy technology, on the other hand, must still overcome many technological barriers. Natural gas, then, is likely to become our next dominant energy source. {open_quotes}Themore » development of a methane economy, led by increased use of natural gas, could provide another important step in the world`s century-old stride toward a carbon-free economy,{close_quotes} the authors conclude.« less

Lessons of the North Korean crisis

DOE Office of Scientific and Technical Information (OSTI.GOV)

Mazarr, M.J.

1993-07-01

The crisis involving North Korea`s suspected nuclear weapon program is over, at least for now. Pyongyang has agreed to suspend its decision to withdraw from the nuclear Non-Proliferation Treaty (NPT) and to assume its obligations allowing continued International Atomic Energy Agency (IAEA) inspections of its nuclear facilities, although it has yet to accept IAEA {open_quotes}special{close_quotes} inspections of suspect nuclear sites. In exchange, North Korea obtained a few specific commitments from the United States - nuclear non-aggression, for example - as well as hints of longer-term benefits such as high-level US-North Korean talks extending to other topics, the cancellation of themore » US-South Korean {open_quotes}Team Spirit{close_quotes} military exercise, the right to reciprocal inspections in South Korea and an influx of South Korean and Japanese investment, provided North Korea meets its obligations under the NPT.« less

NICS report links VOCs to respiratory problems

DOE Office of Scientific and Technical Information (OSTI.GOV)

Kirschner, E.

1992-04-22

Children who live near the chemical plants of Kanawha Valley, WV, suffer more acute and chronic respiratory aliments than those farther away, says a Harvard University School of Public Health report. In the $1-million, five-year study commissioned by the National Institute for Chemical Studies (NICS:Charleston, WV) and funded by the Environmental Protection Agency, proximity to chemical plants that emit volatile organic compounds (VOCs) was linked to higher incidence of asthma, acute eye irritation, shortness of breath, and chronic cough. The researchers say they adjusted for most other factors, such as parental smoking and petroleum. {open_quotes}The research hypothesis was whether childrenmore » in the valley had more symptoms,{close_quotes} says NICS president Paul Hill. {open_quotes}Yes, there is a difference.{close_quotes} The study showed that some ailments were up to 28% more prevalent in children in the valley than in other Kanawha County children.« less

Synchrotron x-ray diffraction studies of the structural properties of electrode materials in operating battery cells

DOE Office of Scientific and Technical Information (OSTI.GOV)

Thurston, T.R.; Jisrawi, N.M.; Mukerjee, S.

Hard x rays from a synchrotron source were utilized in diffraction experiments which probed the bulk of electrode materials while they were operating {ital in} {ital situ} in battery cells. Two technologically relevant electrode materials were examined; an {ital AB}{sub 2}-type anode in a nickel{endash}metal{endash}hydride cell and a LiMn{sub 2}O{sub 4} cathode in a Li-ion {open_quote}{open_quote}rocking chair{close_quote}{close_quote} cell. Structural features such as lattice expansions and contractions, phase transitions, and the formation of multiple phases were easily observed as either hydrogen or lithium was electrochemically intercalated in and out of the electrode materials. The relevance of this technique for future studiesmore » of battery electrode materials is discussed. {copyright} {ital 1996 American Institute of Physics.}« less

Environment Eu agrees on cut in greenhouse gases

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

1997-03-12

In an unexpected development, the European Union`s (EU) Council of Environment Ministers has agreed to a 2010 deadline for a 15% reduction in emissions of greenhouse gases. The agreement outlines the European Commission`s strategy for the reduction of greenhouse gases, including carbon dioxide (CO{sub 2}), to be negotiated in the UN conference on climate change to be held in Kyoto, Japan in December (CW, Feb. 26, p. 8). The European Chemical Industry Council (Cefic) says the commission`s target could curb competitiveness and even lead to the closure of some plants. {open_quotes}It`s certainly a target that is unrealistic--2010 is too close.more » Industry needs more time to adjust, assuming that it can at all,{close_quotes} Cefic environment counselor Claude Culem tells CW. {open_quotes}It [is] obviously a unilateral decision [made] by the commission with little [consideration] for industry.{close_quotes}« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Marenco, S.; Kraut, M.A.; Soher, B.J.

To ascertain whether local changes in signal intensity seen with functional MRI (fMRI) were related to regional blood flow changes with PET, 45 normal male volunteers (ages 31-49) underwent both procedures during resting and bilateral visual stimulation. A single 4mm thick fMRI slice over the calcarine fissure was acquired with a gradient echo 60,60,40{prime} (TR,TE,{alpha}), on a GE Signa 1.5 T. Sixty images were acquired over 366 sec. The visual stimulator was turned on and off at intervals of 36 sec, with a stimulating frequency of 8 Hz. ROIs were drawn around clusters of pixels with high z-scores (pixel value-meanmore » over whole acquisition/SD). Several ROIs were drawn in each subject. Percent change in signal intensity was calculated as the intensity in the average of six {open_quotes}on{close_quotes} images over the average of six {open_quotes}off{close_quotes} images 100.« less

{open_quotes}Quadrupoled{close_quotes} materials for second-order nonlinear optics

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hubbard, S.F.; Petschek, R.G.; Singer, K.D.

1997-10-01

We describe a new approach to second-order nonlinear optical materials, namely quadrupoling. This approach is valid in the regime of Kleinman (full permutation) symmetry breaking, and thus requires a two- or three dimensional microscopic nonlinearity at wavelengths away from material resonances. This {open_quotes}quadrupolar{close_quotes} nonlinearity arises from the second rank pseudotensor of the rotationally invariant representation of the second-order nonlinear optical tensor. We have experimentally investigated candidate molecules comprised of chiral camphorquinone derivatives by measuring the scalar invariant associated with the rank two pseudotensor using hyper-Rayleigh scattering. We have found sizable scalar figures of merit for several compounds using light formore » which the second harmonic wavelengths are greater than 100 nm longer than the absorption peak location. At these wavelengths, the quadrupolar scalar is as large as the polar (EFISH) scalar of p-nitroaniline. Prospects for applications are discussed.« less

Evaluation of selective vs. point-source perforating for hydraulic fracturing

DOE Office of Scientific and Technical Information (OSTI.GOV)

Underwood, P.J.; Kerley, L.

1996-12-31

This paper is a case history comparing and evaluating the effects of fracturing the Reef Ridge Diatomite formation in the Midway-Sunset Field, Kern County, California, using {open_quotes}select-fire{close_quotes} and {open_quotes}point-source{close_quotes} perforating completions. A description of the reservoir, production history, and fracturing techniques used leading up to this study is presented. Fracturing treatment analysis and production history matching were used to evaluate the reservoir and fracturing parameters for both completion types. The work showed that single fractures were created with the point-source (PS) completions, and multiple fractures resulted from many of the select-fire (SF) completions. A good correlation was developed between productivitymore » and the product of formation permeability, net fracture height, bottomhole pressure, and propped fracture length. Results supported the continued development of 10 wells using the PS concept with a more efficient treatment design, resulting in substantial cost savings.« less

De novo tandem duplication of chromosome segement 22q11-q12: Clinical, cytogenetic, and molecular characterization

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lindsay, E.A.; Shaffer, L.G.; Carrozzo, R.

We report on a case of duplication of the segment 22q11-q12 due to a de novo duplication. Molecular cytogenetics studies demonstrated this to be a tandem duplication, flanked proximally by the marker D22Z4, a centromeric alpha satellite DNA repeat, and distally by D22S260, an anonymous DNA marker proximal to the Ewing sarcoma breakpoint. The segment includes the regions responsible for the {open_quotes}cat-eye{close_quotes}, Di George, and velo-cardio-facial syndromes and extends distal to the breakpoint cluster region (BCR). The clinical picture is dominated by the cardiac defects and includes findings reminiscent of {open_quotes}cat-eye{close_quotes} syndrome. These findings reinforce the hypothesis that the proximalmore » 22q region contains dosage-sensitive genes involved in development. 20 refs., 3 figs.« less

Using Residential Solar PV Quote Data to Analyze the Relationship Between Installer Pricing and Firm Size

DOE Office of Scientific and Technical Information (OSTI.GOV)

O'Shaughnessy, Eric; Margolis, Robert

2017-04-01

The vast majority of U.S. residential solar PV installers are small local-scale companies, however the industry is relatively concentrated in a few large national-scale installers. We develop a novel approach using solar PV quote data to study the price behavior of large solar PV installers in the United States. Through a paired differences approach, we find that large installer quotes are about higher, on average, than non-large installer quotes made to the same customer. The difference is statistically significant and robust after controlling for factors such as system size, equipment quality, and time effects. The results suggest that low pricesmore » are not the primary value proposition of large installer systems. We explore several hypotheses for this finding, including that large installers are able to exercise some market power and/or earn returns from reputations.« less

Ecosystem behavior at Bermuda Station [open quotes]S[close quotes] and ocean weather station [open quotes]India[close quotes]: A general circulation model and observational analysis

DOE Office of Scientific and Technical Information (OSTI.GOV)

Fasham, M.J.R.; Sarmiento, J.L.; Slater, R.D.

1993-06-01

One important theme of modern biological oceanography has been the attempt to develop models of how the marine ecosystem responds to variations in the physical forcing functions such as solar radiation and the wind field. The authors have addressed the problem by embedding simple ecosystem models into a seasonally forced three-dimensional general circulation model of the North Atlantic ocean. In this paper first, some of the underlying biological assumptions of the ecosystem model are presented, followed by an analysis of how well the model predicts the seasonal cycle of the biological variables at Bermuda Station s' and Ocean Weather Stationmore » India. The model gives a good overall fit to the observations but does not faithfully model the whole seasonal ecosystem model. 57 refs., 25 figs., 5 tabs.« less

76 FR 50279 - Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-08-12

... Adopt a Limited Category of Principal Registration for Proprietary Traders August 8, 2011. Pursuant to..., Categories of Principal Registration, to adopt a new limited category of principal registration for...

17 CFR 3.11 - Registration of floor brokers and floor traders.

Code of Federal Regulations, 2014 CFR

2014-04-01

... accordance with this paragraph (a) must be accompanied by the fingerprints of the applicant on a fingerprint card provided for that purpose by the National Futures Association, except that a fingerprint card need...

17 CFR 3.11 - Registration of floor brokers and floor traders.

Code of Federal Regulations, 2013 CFR

2013-04-01

... accordance with this paragraph (a) must be accompanied by the fingerprints of the applicant on a fingerprint card provided for that purpose by the National Futures Association, except that a fingerprint card need...

From molecule to market: steroid hormones and financial risk-taking

PubMed Central

Coates, John M.; Gurnell, Mark; Sarnyai, Zoltan

2010-01-01

Little is known about the role of the endocrine system in financial decision-making. Here, we survey research on steroid hormones and their cognitive effects, and examine potential links to trader performance in the financial markets. Preliminary findings suggest that cortisol codes for risk and testosterone for reward. A key finding of this endocrine research is the different cognitive effects of acute versus chronic exposure to hormones: acutely elevated steroids may optimize performance on a range of tasks; but chronically elevated steroids may promote irrational risk-reward choices. We present a hypothesis suggesting that the irrational exuberance and pessimism observed during market bubbles and crashes may be mediated by steroid hormones. If hormones can exaggerate market moves, then perhaps the age and sex composition among traders and asset managers may affect the level of instability witnessed in the financial markets. PMID:20026470

Partial purification of coriolus versicolor's extracellular polyphenol oxidase (PPO)

DOE Office of Scientific and Technical Information (OSTI.GOV)

Moore, N.L.; Dashek, W.V.

1993-05-01

Coriolus versicolor, a white-rot basidiomycete, secretes ligno-celluloytic enzymes. Because these are valuable to paper-pulp agricultural industries, trials are in progress to substrate induce these enzymes enhance their secretions. Reported are attempts to develop an extracellular PPO (o-diphenols to 0-diquinones) purification protocol applicable to [open quote]batch-cultured[close quote] C. versicolor. Whereas dialysis (MW [open quote]cut-off[close quote], 14,000) of 13 day growth medium (GM) resulted in 2.17 fold PPO spc. act. increase, dialysis plus a 0-30% (NH[sub 4])[sub 2]SO[sub 4] [open quote]cut[close quote] yielded a 3.27 fold enhancement. Subsequent GM chromatography on DEAE CM-Sephadexes revealed that PPO exchanged with DEAE's counterion without enhancingmore » spc. act. Gel filtration of GM commercial PPOs on G-150 resulted in similar elutions indicating a substitute for ion exchange chromatography. Time-dependent fungal growth in liquid medium followed by viscometry utilizing CMC revealed a GM endocellulase 2 days after inoculation an activity rise to day 12. Filteration of Onozuka cellulase on G-150 yielded an elution profile similar to those of GM authentic PPO's compounding C. versicolor's PPO purification. SDS-PAGE of dialyzed GM revealed 4 proteins, one of which was removed by the (NH[sub 4])[sub 2]SO[sub 4]. The m[sub TS] of commercial Sigma's PPO Onozuka cellulase were 0.76 0.59, respectively, for comparison to C. versicolor's PPO. Affinity, hydroxylapatite hydrophobic interaction chromatographies may yield a single SDS-PAGE PPO band.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Gay, B.; Portman, C.

Oil reserves two miles beneath the coastal plain of the Arctic National Wildlife Refuge (ANWR) in northern Alaska could stimulate the economy, reduce US petroleum imports, create jobs, and improve the US trade balance, insist Becky Gay and Carl Portman of the non-profit Resource Development Council for Alaska, Inc. Efforts to tap these oil reserves would be confined to the coastal plain. The rest of the refuge would remain unaffected. US Department of the Interior geologists estimate that the coastal plain could produce as much as 1 million barrels of crude oil per day for at least 25 years. Thatmore » level of production would represent 12 percent of current domestic production. [open quotes]It also could increase the gross national product more than $50 billion by 2005 and save the United States more than $14 billion annually in imports,[close quotes] Gay and Portman write. And, they say, these rewards would come at only a modest price in terms of loss of wilderness. [open quotes]While it is impossible to develop without environmental impact, environmental protection and oil development in the arctic are not mutually exclusive,[close quotes] the authors contend. They claim that advances in drilling, construction, and operating practices have reduced the environmental impact associated with oil development in Alaska. Those opposed to oil exploration in ANWR contend that energy conservation measures such as higher gasoline mileage for automobiles may offset the need for additional Alaskan oil. The authors insist, however, that even [open quotes]the most sincere efforts by consumers to conserve would still leave a sizable gap between the energy America produces and the energy it consumes.[close quotes]« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

The New York Power Authority (NYPA) and Entergy Corp. of New Orleans, La., announced recently the signing of a memorandum of understanding as a step toward a contract for Entergy to provide management services to NYPA`s two nuclear power plants. The agreement is the first of its kind. NYPA is the nation`s largest state-owned electric utility and supplier of one-quarter of New York`s electricity. Its nuclear plants are Indian Point 3 (IP3) in Buchanan, Westchester County, and James A. FitzPatrick in Scriba, Oswego County. Entergy is a utility holding company and its subsidiary, Entergy Operations Inc., is widely recognized asmore » one of the leading nuclear operators in the United States. {open_quotes}NYPA`s nuclear plants are assets that belong to the people of New York,{close_quotes} said C.D. {open_quotes}Rapp{close_quotes} Rappleyea, NYPA`s chairman and CEO. {open_quotes}Our alliance with Entergy can provide the people of this state with added assurance that these plants will operate with the highest level of safety and efficiency.{close_quotes} FitzPatrick, an 800 MW boiling water reactor, has operated since 1975 and IP3, a 980 MW pressurized water reactor, since 1976. Although both are currently running well, they have had problems in recent years, and IP3 is on the US Nuclear Regulatory Commission`s (NRC) list of plants requiring increased regulatory attention. Entergy operated both types of reactors, has three single-unit sites like NYPA`s and is experienced in operating plants for different utility owners.« less

ALARA and planning of interventions

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rocaboy, A.

1995-03-01

The implementation of ALARA programs implies integration of radiation protection criterion at all stages of outage management. Within the framework of its ALARA policy, Electricide de France (EDF) has given an incentive to all of its nuclear power plants to develop {open_quotes}good practices{close_quotes} in this domain, and to exchange their experience by the way of a national feed back file. Among the developments in the field of outage organization, some plants have focused on the planning stage of activities because of its influence on the radiological conditions of interventions and on the good succession of tasks within the radiological controlledmore » areas. This paper presents the experience of Chinon nuclear power plant. At Chinon, we are pursuing this goal through careful outage planning. We want the ALARA program during outages to be part of the overall maintenance task planning. This planning includes the provision of the availability of every safety-related component, and of the variations of water levels in hthereactor and steam generators to take advantage of the shield created by the water. We have developed a computerized data base with the exact position of all the components in the reactor building in order to avoid unnecessary interactions between different tasks performed in the same room. A common language between Operation and Maintenance had been established over the past years, using {open_quotes}Milestones and Corridors{close_quotes}. A real time dose rate counting system enables the Radiation Protection (RP) Department to do an accurate and efficient follow up during the outage for all the {open_quotes}ALARA{close_quotes} maintenance tasks.« less

Schizophrenia: A genome scan targets chromosomes 3p and 8p as potential sites of susceptibility genes

DOE Office of Scientific and Technical Information (OSTI.GOV)

Pulver, A.E.; Lasseter, V.K.; Kasch, L.

Using a systematically ascertained sample of 57 families, each having 2 or more members with a consensus diagnosis of schizophrenia (DSM-III-R criteria), we have carried out linkage studies of 520 loci, covering approximately 70% of the genome for susceptibility loci for schizophrenia. A two-stage strategy based on lod score thresholds from simulation studies of our sample identified regions for further exploration. In each region, a dense map of highly informative dinucleotide repeat polymorphisms (heterozygosity greater than .70) was analyzed using dominant, recessive, and {open_quotes}affected only{close_quotes} models and nonparametric sib pair identity-by-descent methods. For one region, 8p22-p21, affected sib-pair analyses gavemore » a P value = .0001, corresponding to a lod score approximately equal to 3.00. For 8p22-p21, the maximum two-point lod score occurred using the {open_quotes}affected only{close_quotes} recessive model (Z{sub max} = 2.35; {theta}{sub M} = {theta}{sub F}); allowing for a constant sex difference in recombination fractions found in reference pedigrees, Z{sub max} = 2.78 ({theta}{sub M}/{theta}{sub F} = 3). For a second region, 3p26-p24, the maximum two-point lod score was 2.34 ({open_quotes}affected only{close_quotes} dominant model), and the affected sib-pair P value was .01. These two regions are worthy of further exploration as potential sites of susceptibility genes for schizophrenia. 59 refs., 2 figs., 4 tabs.« less

Alcohol synthesis in a high-temperature slurry reactor

DOE Office of Scientific and Technical Information (OSTI.GOV)

Roberts, G.W.; Marquez, M.A.; McCutchen, M.S.

1995-12-31

The overall objective of this contract is to develop improved process and catalyst technology for producing higher alcohols from synthesis gas or its derivatives. Recent research has been focused on developing a slurry reactor that can operate at temperatures up to about 400{degrees}C and on evaluating the so-called {open_quotes}high pressure{close_quotes} methanol synthesis catalyst using this reactor. A laboratory stirred autoclave reactor has been developed that is capable of operating at temperatures up to 400{degrees}C and pressures of at least 170 atm. The overhead system on the reactor is designed so that the temperature of the gas leaving the system canmore » be closely controlled. An external liquid-level detector is installed on the gas/liquid separator and a pump is used to return condensed slurry liquid from the separator to the reactor. In order to ensure that gas/liquid mass transfer does not influence the observed reaction rate, it was necessary to feed the synthesis gas below the level of the agitator. The performance of a commercial {open_quotes}high pressure {close_quotes} methanol synthesis catalyst, the so-called {open_quotes}zinc chromite{close_quotes} catalyst, has been characterized over a range of temperature from 275 to 400{degrees}C, a range of pressure from 70 to 170 atm., a range of H{sub 2}/CO ratios from 0.5 to 2.0 and a range of space velocities from 2500 to 10,000 sL/kg.(catalyst),hr. Towards the lower end of the temperature range, methanol was the only significant product.« less

ACHP | Section 106 Success Stories

Science.gov Websites

Casa Farnese "Creative Solution Preserves Integrity of Historic Development Project" -site mitigation solution." - Fort A.P. Hill, Caroline County, Virginia Franklin Post Office " "VA Medical Center: consultation leads to innovative solution." - Leavenworth, Kansas

75 FR 63232 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-10-14

... (``SLPs''), the Exchange is modifying language referencing the SLP quoting requirement to reflect a recent... modifying language referencing the SLP quoting requirement to reflect a recent rule filing that changed the...

High performance systems

DOE Office of Scientific and Technical Information (OSTI.GOV)

Vigil, M.B.

1995-03-01

This document provides a written compilation of the presentations and viewgraphs from the 1994 Conference on High Speed Computing given at the High Speed Computing Conference, {open_quotes}High Performance Systems,{close_quotes} held at Gleneden Beach, Oregon, on April 18 through 21, 1994.

48 CFR 8.405-2 - Ordering procedures for services requiring a statement of work.

Code of Federal Regulations, 2011 CFR

2011-10-01

... quote; or (B) Provide the RFQ to as many schedule contractors as practicable, consistent with market research appropriate to the circumstances, to reasonably ensure that quotes will be received from at least...

Role of ecolabeling in reducing ecotoxicology.

PubMed

Chakravarthy, Yogita; Potdar, Aditee; Singh, Anju; Unnikrishnan, Seema; Naik, Neelima

2016-12-01

Ecolabeling helps consumers to select environment friendly products, while meeting high demands on occupational health, safety, and usability. Ecolabeling undertakes cradle-to-grave approach which helps in minimizing the toxicological impacts at every stage of the product life cycle. The ecolabeling procedure calls for substitution or reduction of hazardous substances thereby reducing the toxicity caused due to these chemicals. China, Japan, Australia, European Union, and Nordic countries are leading in the race of awareness and implementation of ecolabeling schemes. In India, the ecolabeling scheme (Ecomark) was initiated in 1991. The Ecomark scheme lacked adoption of the green marketing principles and thus failed to create an impact. This study presents an overview of ecolabels in European Union, Nordic countries, Germany, China and India. Furthermore, it assesses the awareness of ecolabels among the retailers and traders of environment friendly products in India through a survey. The study highlights that the ecolabels are a success in most of the countries studied and are applied across a range of industrial sectors. The survey is administered to 80 retailers and traders of stores selling environment friendly products across different Indian cities. A correlation is established with the variables identified. The survey results indicate that although the retailers and traders of environment friendly products have low awareness of the ecolabels on environment friendly products, they are taking considerable efforts to promote and deliver environment friendly products to consumers. Large-scale awareness drives initiated by the Ministry of Environment, Forests & Climate Change permeating at grass root levels with the involvement of stakeholders could prove beneficial for promotion of the ecolabeling schemes. Copyright © 2015 Elsevier Inc. All rights reserved.

Interventions for avian influenza A (H5N1) risk management in live bird market networks.

PubMed

Fournié, Guillaume; Guitian, Javier; Desvaux, Stéphanie; Cuong, Vu Chi; Dung, Do Huu; Pfeiffer, Dirk Udo; Mangtani, Punam; Ghani, Azra C

2013-05-28

Highly pathogenic avian influenza virus subtype H5N1 is endemic in Asia, with live bird trade as a major disease transmission pathway. A cross-sectional survey was undertaken in northern Vietnam to investigate the structure of the live bird market (LBM) contact network and the implications for virus spread. Based on the movements of traders between LBMs, weighted and directed networks were constructed and used for social network analysis and individual-based modeling. Most LBMs were connected to one another, suggesting that the LBM network may support large-scale disease spread. Because of cross-border trade, it also may promote transboundary virus circulation. However, opportunities for disease control do exist. The implementation of thorough, daily disinfection of the market environment as well as of traders' vehicles and equipment in only a small number of hubs can disconnect the network dramatically, preventing disease spread. These targeted interventions would be an effective alternative to the current policy of a complete ban of LBMs in some areas. Some LBMs that have been banned still are very active, and they likely have a substantial impact on disease dynamics, exhibiting the highest levels of susceptibility and infectiousness. The number of trader visits to markets, information that can be collected quickly and easily, may be used to identify LBMs suitable for implementing interventions. This would not require prior knowledge of the force of infection, for which laboratory-confirmed surveillance would be necessary. These findings are of particular relevance for policy development in resource-scarce settings.

Can We Envision a Bettor's Guide to Climate Prediction Markets?

NASA Astrophysics Data System (ADS)

Trexler, M.

2017-12-01

It's one thing to set up a climate prediction market, it's another to find enough informed traders to make the market work. Climate bets could range widely, from purely scientific or atmospheric metrics, to bets that involve the interplay of science, policy, economic, and behavioral outcomes. For a topic as complex and politicized as climate change, a Bettor's Guide to Climate Predictions could substantially expand and diversify the pool of individuals trading in the market, increasing both its liquidity and decision-support value. The Climate Web is an on-line and publically accessible Beta version of such a Bettor's Guide, implementing the knowledge management adage: "if only we knew what we know." The Climate Web not only curates the key literature, news coverage, and websites relating to more than 100 climate topics, from extreme event exceedance curves to climate economics to climate risk scenarios, it extracts and links together thousands of ideas and graphics across all of those topics. The Climate Web integrates the many disciplinary silos that characterize today's often dysfunctional climate policy conversations, allowing rapid cross-silo exploration and understanding. As a Bettor's Guide it would allow prediction market traders to better research and understand their potential bets, and to quickly survey key thinking and uncertainties relating to those bets. The availability of such a Bettor's Guide to Climate Predictions should make traders willing to place more bets than they otherwise would, and should facilitate higher quality betting. The presentation will introduce the knowledge management dimensions and challenges of climate prediction markets, and introduce the Climate Web as one solution to those challenges.

Excessive trading, a gambling disorder in its own right? A case study on a French disordered gamblers cohort.

PubMed

Grall-Bronnec, Marie; Sauvaget, Anne; Boutin, Claude; Bulteau, Samuel; Jiménez-Murcia, Susana; Fernández-Aranda, Fernando; Challet-Bouju, Gaëlle; Caillon, Julie

2017-01-01

Trading and gambling appear to share some similarities. Indeed, traders can get professionally involved in high-risk types of trading as if it were gambling. This research explores whether excessive trading can be conceptualized as a subset of gambling disorders. To better acknowledge the existence of an addictive-like trading behavior and to discuss its phenomenological similarities with gambling disorders. The data of 8 excessive traders out of a cohort of 221 outpatients seeking treatment in our Problem Gambling unit were analyzed. Our case series revealed important similarities with gambling disorders in terms of diagnosis, trajectory and comorbidities. Like many disordered gamblers, excessive traders of this study experienced a number of small early wins, chased their losses, and ended up losing control over the money they invested. All of them invested in very risky stocks associated with short-term trading leading to potential large gains, but also with very significant losses. The structure itself of the two activities (gambling and trading) is very close. Our results tended to support the idea of an addictive-like trading behavior as a subset of gambling disorders. Investing is not a form of gambling, but some people gamble with investments. Several observations and recommendations can be made: (i) conduct researches; (ii) build and validate specific assessment tools; (iii) develop strategies for prevention and treatment; and (iv) conduct more rigorous studies to clarify what we named an addictive-like trading behavior. Copyright © 2015 The Authors. Published by Elsevier Ltd.. All rights reserved.

75 FR 2176 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-01-14

...) whether the SLP has met the 3% average or more quoting requirement (the ``Quoting Requirement'') in Rule... amending it to specify that the current SLP liquidity credits apply only to transactions in securities with...

78 FR 62887 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing of...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-10-22

... market participant to jump ahead of another market participant's quoted price by a de minimis amount, and... market participant to jump ahead of another market participant's quoted price by a de minimis amount, and...

Comment on {open_quotes}Spontaneous Wave Pattern Formation in Vibrated Granular Materials{close_quotes}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bizon, C.; Shattuck, M.D.; Newman, J.T.

1997-12-01

A Comment on the Letter by Keiko M. Aoki and Tetsuo Akiyama, Phys.Rev.Lett.{bold 77}, 4166 (1996). The authors of the Letter offer a Reply. {copyright} {ital 1997} {ital The American Physical Society}

77 FR 39785 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing of Proposed Rule Changes To...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-07-05

... ``pinging''). Professional traders, in particular, are more apt to submit, and often immediately cancel... more apt to provide liquidity in alternative trading systems and other non-exchange market centers...

International Marketplace.

ERIC Educational Resources Information Center

Wells, Donald A.; And Others

1985-01-01

This issue begins with a conceptual introduction to economic specialization, exports and imports, and the importance of international trade. Four instructional units follow this introduction, beginning with a preschool and kindergarten unit called "Traders and Travelers," which involves young students in five activities that illustrate…

Live pig markets in eastern Indonesia: Trader characteristics, biosecurity and implications for disease spread.

PubMed

Leslie, Edwina E C; Geong, Maria; Abdurrahman, Muktasam; Ward, Michael P; Toribio, Jenny-Ann L M L

2016-03-01

Classical swine fever has been negatively impacting pig production in Nusa Tenggara Timur province in eastern Indonesia since its introduction in the 1990s, with live market trade contributing to disease spread. To understand market trader knowledge and practices regarding pig management, biosecurity, pig movements and pig health (specifically CSF), a repeated survey was conducted with pig sellers and pig buyers at 9 market sites across West Timor and the islands of Flores and Sumba. A total of 292 sellers and 281 buyers were interviewed in 2009 during two periods (rounds), a high-demand month (September) and a low-demand month (November). Information was collected via questionnaire. The majority of traders were male (sellers: 89%; buyers: 87%) with the highest level of completed education being primary school (sellers: 48%; buyers: 41%). The primary occupation of most respondents was farming: 90% of sellers and 87% of buyers were smallholder pig farmers and tended to sell their own home-raised pigs at market (52%). Pigs were sold for monetary gain either for primary (52%) or extra income (44%). Markets tended to be selected based on a good reputation (62%), a location close to residence (62%) and having the desired pig type (59%). Pig sales through markets were reported to be highest from August to October with 31% of sellers trading pigs at two or more markets. Prices at market were significantly higher on Sumba compared to West Timor and cross-bred pigs were significantly more expensive than indigenous pigs. Understanding of CSF and biosecurity was limited: 85% of sellers and 83% of buyers had no prior knowledge of CSF. Fifty-four percent of sellers reported no use of any biosecurity practices at market. Most respondents (88%) were able to recognise at least one clinical sign of a sick pig. Informal pig movements were also identified: 18% of pig buyers purchased pigs directly from other farmers. This study has provided baseline information on market trader activities at live pig markets in NTT that can contribute to the formation of sustainable strategies for improving pig health. Since NTT is the poorest province in Indonesia and pigs play a vital socioeconomic role in this province, market management and farmer education is needed to improve the pig market chain and contribute to socioeconomic development. Copyright © 2015 Elsevier B.V. All rights reserved.

76 FR 51075 - Self-Regulatory Organizations; International Securities Exchange, LLC; Order Granting Approval to...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-08-17

... options classes in which a CMM can initiate intraday quoting to the number of options classes in which it... proposes to limit the number of appointed options classes in which a CMM can initiate intraday quoting to...

DOE Office of Scientific and Technical Information (OSTI.GOV)

Taylor, L.H.

In its beginning, the U.S. Department of Energy (DOE) Office of Environmental Management (EM) viewed private industry as lacking adequate technology know-how to meet demands of hazardous and radioactive waste problems at the DOE`s laboratories and nuclear weapons production facilities. In November 1989, EM`s Office of Technology Development (recently renamed the Office of Science and Technology) embarked on a bold program of developing and demonstrating {open_quotes}innovative{close_quotes} waste cleanup technologies that would be safer, faster, more effective, and less expensive than the {open_quotes}baseline{close_quotes} commercial methods. This program has engaged DOE sites, national laboratories, and universities to produce preferred solutions to the problems of handling and treating DOE wastes. More recently, much of this work has shifted to joint efforts with private industry partners to accelerate the use of newly developed technologies and to enhance existing commercial methods. To date, the total funding allocation to the Office of Science and Technology program has been aboutmore » $2.8 billion. If the technology applications` projects of the EM Offices of Environmental Restoration and Waste Management are included, the total funding is closer to $$4 billion. Yet, the environmental industry generally has not been very receptive to EM`s innovative technology offerings. And, essentially the same can be said for DOE sites. According to the U.S. General Accounting Office in an August 1994 report, {open_quotes}Although DOE has spent a substantial amount to develop waste cleanup technologies, little new technology finds its way into the agency`s cleanup actions{close_quotes}. The DOE Baseline Environmental Management Report estimated cleanups of DOE`s Cold War legacy of wastes to require the considerable cost of $$226 billion over a period of 75 years. 1 tab.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Kegel, T.M.

Calibration laboratories are faced with the need to become accredited or registered to one or more quality standards. One requirement common to all of these standards is the need to have in place a measurement assurance program. What is a measurement assurance program? Brian Belanger, in Measurement Assurance Programs: Part 1, describes it as a {open_quotes}quality assurance program for a measurement process that quantifies the total uncertainty of the measurements (both random and systematic components of error) with respect to national or designated standards and demonstrates that the total uncertainty is sufficiently small to meet the user`s requirements.{close_quotes} Rolf Schumachermore » is more specific in Measurement Assurance in Your Own Laboratory. He states, {open_quotes}Measurement assurance is the application of broad quality control principles to measurements of calibrations.{close_quotes} Here, the focus is on one important part of any measurement assurance program: implementation of statistical process control (SPC). Paraphrasing Juran`s Quality Control Handbook, a process is in statistical control if the only observed variations are those that can be attributed to random causes. Conversely, a process that exhibits variations due to assignable causes is not in a state of statistical control. Finally, Carrol Croarkin states, {open_quotes}In the measurement assurance context the measurement algorithm including instrumentation, reference standards and operator interactions is the process that is to be controlled, and its direct product is the measurement per se. The measurements are assumed to be valid if the measurement algorithm is operating in a state of control.{close_quotes} Implicit in this statement is the important fact that an out-of-control process cannot produce valid measurements. 7 figs.« less

Dabhol resumes

DOE Office of Scientific and Technical Information (OSTI.GOV)

Burr, M.T.

1997-01-01

Shockwaves were felt throughout the global business community when political forces in India stalled out the Dabhol power project. Lenders and investors felt even less secure about the risks involved with developing infrastructure projects in emerging economies, and Dabhol came to symbolize the sinkholes that lie in wait for even the best-devised projects with the strongest sponsors. The project resumed in early December, however, after the Bombay High Court dismissed the only remaining lawsuit filed against Dabhol Power Co. Now, the Dabhol project is set to become an example of how a project can succeed in a big way ifmore » it has developers with integrity, skill, flexibility, and--above all--a great deal of patience. Originally a 695 MW facility, Dabhol was renegotiated so the complex totals 2,450 MW, with one 740 MW phase and another 1,710 MW phase. {open_quotes}The additional capacity allowed us to recover the costs we incurred during cancellation,{close_quotes} says Rebecca Mark, CEO of Enron Development Corp. in Houston, Texas. {open_quotes}We reduced rates for the second phase, and we`ll handle it on a competitive basis when it comes to specifying equipment.{close_quotes} Enron is the lead developer of the project, with an 80 percent equity stake. GE Capital of Stamford, Conn., USA, and Bechtel Enterprises of San Francisco, Calif., each hold a 10 percent share in the project. {open_quotes}The changes in the project have had little effect on the financing arrangements. Additional project costs which resulted from the delays were funded by the equity group, and the debt levels and terms remain consistent with those of the original closing,{close_quotes} says Everett Smith III, executive vice president and director-international, for GE Capital Services Structured Finance Group.« less

Genetic epidemiology of gallbladder disease in Mexican Americans and cholesterol 7a-hydroxylase gene variation

DOE Office of Scientific and Technical Information (OSTI.GOV)

Lin, J.P.; Hanis, C.L.; Boerwinkle, E.

1994-09-01

Among Mexican Americans the prevalence of gallbladder disease is markedly elevated. Previous data from both genetic admixture and family studies indicate that there is genetic component to the occurrence of gallbladder disease in Mexican Americans. However, prior to this study no formal genetic analysis of gallbladder disease had been carried out nor had any contributing gene been identified. The results of complex segregation analysis in a sample of 232 Mexican Americans with age- and gender-specific effects influencing the occurrence of gallbladder disease. The estimated frequency of the allele increasing susceptibility was 0.39. The lifetime probabilities that an individual will bemore » affected by gallbladder disease were 1.0, 0.54, and 0.00 for females of genotypes {open_quotes}AA{close_quotes}, {open_quotes}Aa{close_quotes}, and {open_quotes}aa{close_quotes}, respectively, and 0.68, 0.30, and 0.00 for males, respectively. Human cholesterol 7a-hydroxylase is the rate-limiting enzyme in bile acid synthesis. The results of an association study in both a random sample and a matched case/control sample showed that there is a significant association between cholesterol 7a-hydroxylase gene variation and the occurrence of gallbladder disease in Mexican Americans males but not in females. For loci in the 5{prime}-end of the cholesterol 7a-hydroxylase gene, the frequency of the susceptibility alleles was twice as high in gallbladder disease patients compared to controls. The results of a linkage analysis provide evidence that the cholesterol 7a-hydroxylase gene and the inferred gallbladder disease gene are genetically linked.« less

An interactive drilling simulator for teaching and research

DOE Office of Scientific and Technical Information (OSTI.GOV)

Cooper, G.A.; Cooper, A.G.; Bihn, G.

1995-12-31

An interactive program has been constructed that allows a student or engineer to simulate the drilling of an oil well, and to optimize the drilling process by comparing different drilling plans. The program operates in a very user-friendly way, with emphasis on menu and button-driven commands. The simulator may be run either as a training program, with exercises that illustrate various features of the drilling process, as a game, in which a student is set a challenge to drill a well with minimum cost or time under constraints set by an instructor, or as a simulator of a real situationmore » to investigate the merit of different drilling strategies. It has three main parts, a Lithology Editor, a Settings Editor and the simulation program itself. The Lithology Editor allows the student, instructor or engineer to build a real or imaginary sequence of rock layers, each characterized by its mineralogy, drilling and log responses. The Settings Editor allows the definition of all the operational parameters, ranging from the drilling and wear rates of particular bits in specified rocks to the costs of different procedures. The simulator itself contains an algorithm that determines rate of penetration and rate of wear of the bit as drilling continues. It also determines whether the well kicks or fractures, and assigns various other {open_quotes}accident{close_quotes} conditions. During operation, a depth vs. time curve is displayed, together with a {open_quotes}mud log{close_quotes} showing the rock layers penetrated. If desired, the well may be {open_quotes}logged{close_quotes} casings may be set and pore and fracture pressure gradients may be displayed. During drilling, the total time and cost are shown, together with cost per foot in total and for the current bit run.« less

Nuclear criticality safety calculational analysis for small-diameter containers

DOE Office of Scientific and Technical Information (OSTI.GOV)

LeTellier, M.S.; Smallwood, D.J.; Henkel, J.A.

This report documents calculations performed to establish a technical basis for the nuclear criticality safety of favorable geometry containers, sometimes referred to as 5-inch containers, in use at the Portsmouth Gaseous Diffusion Plant. A list of containers currently used in the plant is shown in Table 1.0-1. These containers are currently used throughout the plant with no mass limits. The use of containers with geometries or material types other than those addressed in this evaluation must be bounded by this analysis or have an additional analysis performed. The following five basic container geometries were modeled and bound all container geometriesmore » in Table 1.0-1: (1) 4.32-inch-diameter by 50-inch-high polyethylene bottle; (2) 5.0-inch-diameter by 24-inch-high polyethylene bottle; (3) 5.25-inch-diameter by 24-inch-high steel can ({open_quotes}F-can{close_quotes}); (4) 5.25-inch-diameter by 15-inch-high steel can ({open_quotes}Z-can{close_quotes}); and (5) 5.0-inch-diameter by 9-inch-high polybottle ({open_quotes}CO-4{close_quotes}). Each container type is evaluated using five basic reflection and interaction models that include single containers and multiple containers in normal and in credible abnormal conditions. The uranium materials evaluated are UO{sub 2}F{sub 2}+H{sub 2}O and UF{sub 4}+oil materials at 100% and 10% enrichments and U{sub 3}O{sub 8}, and H{sub 2}O at 100% enrichment. The design basis safe criticality limit for the Portsmouth facility is k{sub eff} + 2{sigma} < 0.95. The KENO study results may be used as the basis for evaluating general use of these containers in the plant.« less

Colombia: A source of hydrocarbons for the world

DOE Office of Scientific and Technical Information (OSTI.GOV)

Olivella, J.B.

1993-02-01

Colombia progressively has become attractive to those exploring for oil. The policy established by the government in 1974 has attracted large-, medium-, and small-sized companies to come to the country in search for petroleum and gas reserves in the 780,000 km[sup 2] which encompass its 13 sedimentary basins. The dynamics with which association contracts can be signed with the state company Ecopetrol, has been a decisive factor in the success of its oil policy, a success reflected in the existence of over 90 contracts in force and the involvement of more than 40 foreign oil companies in operations in Colombia.more » Historically, exploration was carried out to search for hydrocarbons in known zones and in pursuit of traditional structures, which brought both, great discoveries and resounding failures. State of the art in exploration has permitted a better understanding of the geological phenomena which have led to the accumulation of hydrocarbons. Ecopetrol has begun to explore with the new [open quotes]play concepts[close quotes] taking into account aspects never before considered, weighing risk factors against the possibility of discovering important quantities of hydrocarbons in [open quotes]frontier regions.[close quotes] These new ideas allow the construction of geological models before deciding to drill. This [open quotes]new focus[close quotes] is based on global geological analogies. We can say, for example, that the important hydrocarbon discoveries in the Eastern Plains alongside the Colombian Eastern Range foothill, have been the result of geological concepts evolution, now managed with highly adaptable designing and planning with universal criteria. All along its 1200 km appears to be the area of greatest oil potential.« less

A brief history of partitions of numbers, partition functions and their modern applications

NASA Astrophysics Data System (ADS)

Debnath, Lokenath

2016-04-01

'Number rules the universe.' The Pythagoras 'If you wish to forsee the future of mathematics our course is to study the history and present conditions of the science.' Henri Poincaré 'The primary source (Urqell) of all mathematics are integers.' Hermann Minkowski This paper is written to commemorate the centennial anniversary of the Mathematical Association of America. It deals with a short history of different kinds of natural numbers including triangular, square, pentagonal, hexagonal and k-gonal numbers, and their simple properties and their geometrical representations. Included are Euclid's and Pythagorean's main contributions to elementary number theory with the main contents of the Euclid Elements of the 13-volume masterpiece of mathematical work. This is followed by Euler's new discovery of the additive number theory based on partitions of numbers. Special attention is given to many examples, Euler's theorems on partitions of numbers with geometrical representations of Ferrers' graphs, Young's diagrams, Lagrange's four-square theorem and the celebrated Waring problem. Included are Euler's generating functions for the partitions of numbers, Euler's pentagonal number theorem, Gauss' triangular and square number theorems and the Jacobi triple product identity. Applications of the theory of partitions of numbers to different statistics such as the Bose- Einstein, Fermi- Dirac, Gentile, and Maxwell- Boltzmann statistics are briefly discussed. Special attention is given to pedagogical information through historical approach to number theory so that students and teachers at the school, college and university levels can become familiar with the basic concepts of partitions of numbers, partition functions and their modern applications, and can pursue advanced study and research in analytical and computational number theory.

3D architecture modeling of reservoir compartments in a Shingled Turbidite Reservoir using high-resolution seismic data and sparse well control, example from Mars {open_quotes}Pink{close_quotes} reservoir, Mississippi Canyon Area, Gulf of Mexico

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chapin, M.A.; Mahaffie, M.J.; Tiller, G.M.

1996-12-31

Economics of most deep-water development projects require large reservoir volumes to be drained with relatively few wells. The presence of reservoir compartments must therefore be detected and planned for in a pre-development stage. We have used 3-D seismic data to constrain large-scale, deterministic reservoir bodies in a 3-D architecture model of Pliocene-turbidite sands of the {open_quotes}E{close_quotes} or {open_quotes}Pink{close_quotes} reservoir, Prospect Mars, Mississippi Canyon Areas 763 and 807, Gulf of Mexico. Reservoir compartmentalization is influenced by stratigraphic shingling, which in turn is caused by low accommodation space predentin the upper portion of a ponded seismic sequence within a salt withdrawal mini-basin.more » The accumulation is limited by updip onlap onto a condensed section marl, and by lateral truncation by a large scale submarine erosion surface. Compartments were suggested by RFT pressure variations and by geochemical analysis of RFT fluid samples. A geological interpretation derived from high-resolution 3-D seismic and three wells was linked to 3-D architecture models through seismic inversion, resulting in a reservoir all available data. Distinguishing subtle stratigraphical shingles from faults was accomplished by detailed, loop-level mapping, and was important to characterize the different types of reservoir compartments. Seismic inversion was used to detune the seismic amplitude, adjust sandbody thickness, and update the rock properties. Recent development wells confirm the architectural style identified. This modeling project illustrates how high-quality seismic data and architecture models can be combined in a pre-development phase of a prospect, in order to optimize well placement.« less

3D architecture modeling of reservoir compartments in a Shingled Turbidite Reservoir using high-resolution seismic data and sparse well control, example from Mars [open quotes]Pink[close quotes] reservoir, Mississippi Canyon Area, Gulf of Mexico

DOE Office of Scientific and Technical Information (OSTI.GOV)

Chapin, M.A.; Mahaffie, M.J.; Tiller, G.M.

1996-01-01

Economics of most deep-water development projects require large reservoir volumes to be drained with relatively few wells. The presence of reservoir compartments must therefore be detected and planned for in a pre-development stage. We have used 3-D seismic data to constrain large-scale, deterministic reservoir bodies in a 3-D architecture model of Pliocene-turbidite sands of the [open quotes]E[close quotes] or [open quotes]Pink[close quotes] reservoir, Prospect Mars, Mississippi Canyon Areas 763 and 807, Gulf of Mexico. Reservoir compartmentalization is influenced by stratigraphic shingling, which in turn is caused by low accommodation space predentin the upper portion of a ponded seismic sequence withinmore » a salt withdrawal mini-basin. The accumulation is limited by updip onlap onto a condensed section marl, and by lateral truncation by a large scale submarine erosion surface. Compartments were suggested by RFT pressure variations and by geochemical analysis of RFT fluid samples. A geological interpretation derived from high-resolution 3-D seismic and three wells was linked to 3-D architecture models through seismic inversion, resulting in a reservoir all available data. Distinguishing subtle stratigraphical shingles from faults was accomplished by detailed, loop-level mapping, and was important to characterize the different types of reservoir compartments. Seismic inversion was used to detune the seismic amplitude, adjust sandbody thickness, and update the rock properties. Recent development wells confirm the architectural style identified. This modeling project illustrates how high-quality seismic data and architecture models can be combined in a pre-development phase of a prospect, in order to optimize well placement.« less

Battelle developing reefs to ease habitat losses

DOE Office of Scientific and Technical Information (OSTI.GOV)

Not Available

1993-04-01

Artificial reefs may be the answer to solving a worldwide problem of declining fish habitats, or they may only be good for creating fishing spots. Researchers at Battelle's Ocean Sciences Laboratory in Duxbury, Massachusetts, are studying artificial reefs in the Delaware River to determine if they are a solution to habitat losses in estuaries and coastal regions. [open quotes]Right now, we don't know if the fish are using the reefs simply as a grazing land, and then moving on, or if they're using the areas to colonize,[close quotes] said researcher Karen Foster. [open quotes]Ultimately, we hope to find they aremore » colonizing.[close quotes] In 1989, Battelle researchers placed 16 prefabricated concrete reefs 45 feet deep in Delaware Bay. The reefs were placed in clusters of four, and monitoring began the following year. The federal government ordered the reefs placed in the bay as a mitigation technique for fish habitat that was lost when the river was dredged for navigational purposes. Researchers examined the reefs twice last summer. It will take five years, Foster said, before researchers can determine if the reefs are increasing the fish population. Early tests show, however, the populations of mussels, sponges, corals, and anemones increased by up to 150 percent over an area of bay bottom where the reefs were placed. Divers take crustacean samples from the reefs, and fish are caught near the reefs for examination. Researchers dissect the fish stomachs and analyze the contents to determine if they have been feeding at the reefs. [open quotes]If we find blue mussels in the stomach of the fish, that's great because we know that blue mussels are growing on the reef,[close quotes] Foster said.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Rafi, M.A.; Luzi, P.; Hershberger, M.

Globoid cell leukodystrophy (GCL) or Krabbe disease is an autosomal recessive disorder resulting from a deficiency of galactocerebrosidase (GALC) activity. The typical human patient presents with symptoms of spasticity, developmental delay and irritability by 6 months of age. Older patients, including adults, are also diagnosed with this disorder. While patients from all ethnic groups are included within the more than 230 patients diagnosed in this laboratory, many trace their ancestry to Northern Europe. Patients are easy to diagnose by their low GALC activity. However, carriers are difficult to identify due to a large overlap in the {open_quotes}control{close_quotes} and carrier ranges.more » With our cloning of the GALC gene we have undertaken a study to identify mutations causing GCL in some of our families. We have identified a C to T transition at position {open_quotes}502{close_quotes} (counting form the A of the initiation codon) in about 65% of the mutant alleles in patients with Northern European ancestry. Identification of an intron 32 nucleotides downstream from the site of the mutation permits amplification of genomic DNA samples and rapid cycle sequencing. This mutation was found primarily in classic infantile patients, however it was found in the heterozygous state in a juvenile patient and in an African-American patient. This mutation changes the codon for arginine to one for cysteine, and computer analysis predicts a significant change in the secondary structure of this multi-subunit enzyme. A G to A transition at position {open_quotes}694{close_quotes} was found in the homozygous state in another infantile patient from a consanguineous mating. We are in the process of looking for this mutation in other patients. It is hoped that a few mutations will be found to be responsible for infantile Krabbe disease so that carrier identification can be improved for some families.« less

DOE Office of Scientific and Technical Information (OSTI.GOV)

Taylor, C.S.

Kenaf`s story is now being told in the fields of South Texas and Southern Louisiana as new fiber processing operation are responding to the public`s demand for more environmentally sound sources of fiber and farmer`s desperate pleas for additional production options. Despite the title, this paper focuses primarily on the {open_quotes}demand{close_quotes} pull from the market place that brings the new crop production/processing system together. Kenaf, an annual hibiscus crop, has been cultivated for several centuries in Asia and Africa, mostly as a substitute for jute fiber in the world`s cordage industry. The crop was first seriously considered in the Americasmore » when jute supplies from Asia were cut off by the War in the Pacific. In the 1960s the US Department of Agriculture selected kenaf as the most promising annual crop source of fiber for the pulp and paper industry. Industry took a look but it wasn`t their priority and the initial USDA effort ceased in the late 1970s. However, almost at the same time some newspaper publishers, who had been following the USDA work, intervened to keep things going. Kenaf International was formed in 1981 as system-oriented company determined to finally put things together on a commercial basis. The company focused on both ends (market and production), hoping to fill in the middle as it went forward. The primary objective at first was to introduce kenaf as an annually renewable fiber source for newsprint manufacturers. That eventually proved to be a very big bite for a small organization to chew, and Kenaf International (and its associates) soon {open_quotes}discovered{close_quotes} other aspects of kenaf`s potential as it pursued its goals. This is where we join The Kenaf Story {open_quotes}in progress.{close_quotes}« less

Implementing virtual reality interfaces for the geosciences

DOE Office of Scientific and Technical Information (OSTI.GOV)

Bethel, W.; Jacobsen, J.; Austin, A.

1996-06-01

For the past few years, a multidisciplinary team of computer and earth scientists at Lawrence Berkeley National Laboratory has been exploring the use of advanced user interfaces, commonly called {open_quotes}Virtual Reality{close_quotes} (VR), coupled with visualization and scientific computing software. Working closely with industry, these efforts have resulted in an environment in which VR technology is coupled with existing visualization and computational tools. VR technology may be thought of as a user interface. It is useful to think of a spectrum, ranging the gamut from command-line interfaces to completely immersive environments. In the former, one uses the keyboard to enter threemore » or six-dimensional parameters. In the latter, three or six-dimensional information is provided by trackers contained either in hand-held devices or attached to the user in some fashion, e.g. attached to a head-mounted display. Rich, extensible and often complex languages are a vehicle whereby the user controls parameters to manipulate object position and location in a virtual world, but the keyboard is the obstacle in that typing is cumbersome, error-prone and typically slow. In the latter, the user can interact with these parameters by means of motor skills which are highly developed. Two specific geoscience application areas will be highlighted. In the first, we have used VR technology to manipulate three-dimensional input parameters, such as the spatial location of injection or production wells in a reservoir simulator. In the second, we demonstrate how VR technology has been used to manipulate visualization tools, such as a tool for computing streamlines via manipulation of a {open_quotes}rake.{close_quotes} The rake is presented to the user in the form of a {open_quotes}virtual well{close_quotes} icon, and provides parameters used by the streamlines algorithm.« less

78 FR 21482 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of Proposed Rule...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-04-10

... Catastrophic Errors April 4, 2013. I. Introduction On January 31, 2013, NASDAQ OMX PHLX LLC (``PHLX'' or... process is shorter for specialists and Registered Options Traders than it is for other market participants...

21 CFR 205.3 - Definitions.

Code of Federal Regulations, 2013 CFR

2013-04-01

... reasons includes transfers of prescription drugs by a retail pharmacy to another retail pharmacy to...) The sale of minimal quantities of drugs by retail pharmacies to licensed practitioners for office use..., and wholesale drug warehouses; independent wholesale drug traders; and retail pharmacies that conduct...

21 CFR 205.3 - Definitions.

Code of Federal Regulations, 2012 CFR

2012-04-01

... reasons includes transfers of prescription drugs by a retail pharmacy to another retail pharmacy to...) The sale of minimal quantities of drugs by retail pharmacies to licensed practitioners for office use..., and wholesale drug warehouses; independent wholesale drug traders; and retail pharmacies that conduct...

21 CFR 205.3 - Definitions.

Code of Federal Regulations, 2014 CFR

2014-04-01

... reasons includes transfers of prescription drugs by a retail pharmacy to another retail pharmacy to...) The sale of minimal quantities of drugs by retail pharmacies to licensed practitioners for office use..., and wholesale drug warehouses; independent wholesale drug traders; and retail pharmacies that conduct...

75 FR 71771 - Self-Regulatory Organizations; Notice of Filing of Proposed Rule Change by NASDAQ OMX PHLX, Inc...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-11-24

... provide investors and traders additional opportunities and strategies to hedge high priced securities... varying yields to the investor. For example if Apple, Inc. (``AAPL'') would trade at $310 \\6\\ with...

Wildlife for sale.

PubMed

Martin, E; Redford, T

2000-02-01

Myanmar, famous for the smuggling of opium and gemstones, is losing much of its wildlife to illegal traders. In 1998, a survey of goods for sale in two border towns showed a thriving trade in body parts from some of the world's most endangered species.

17 CFR 3.11 - Registration of floor brokers and floor traders.

Code of Federal Regulations, 2012 CFR

2012-04-01

... fingerprints of the applicant on a fingerprint card provided for that purpose by the National Futures Association, except that a fingerprint card need not be filed by any applicant who has a current Form 8-R on...

17 CFR 3.11 - Registration of floor brokers and floor traders.

Code of Federal Regulations, 2010 CFR

2010-04-01

... fingerprints of the applicant on a fingerprint card provided for that purpose by the National Futures Association, except that a fingerprint card need not be filed by any applicant who has a current Form 8-R on...

17 CFR 3.11 - Registration of floor brokers and floor traders.

Code of Federal Regulations, 2011 CFR

2011-04-01

... fingerprints of the applicant on a fingerprint card provided for that purpose by the National Futures Association, except that a fingerprint card need not be filed by any applicant who has a current Form 8-R on...

75 FR 71163 - Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-11-22

... current quote traffic, although changes in market maker quoting behavior may reduce that increase by up to... public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and...

Flexible ultrasonic pipe inspection apparatus

DOEpatents

Jenkins, C.F.; Howard, B.D.

1994-01-01

Pipe crawlers, pipe inspection {open_quotes}rabbits{close_quotes} and similar vehicles are widely used for inspecting the interior surfaces of piping systems, storage tanks and process vessels for damaged or flawed structural features. This paper describes the design of a flexible, modular ultrasonic pipe inspection apparatus.

Comment on {open_quotes}Correlation between Compact Radio Quasars and Ultrahigh Energy Cosmic Rays{close_quotes}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hoffman, C.M.

1999-09-01

A Comment on the Letter by Glennys R. Farrar and Peter L. Biermann, Phys. Rev. Lett. {bold 81}, 3579 (1998). The authors of the Letter offer a Reply. {copyright} {ital 1999} {ital The American Physical Society}

Rochester area interactive telecommunications network (RAITN): A partnership in Rochester between educators and industry

DOE Office of Scientific and Technical Information (OSTI.GOV)

O`Leary, C.T.

Primarily funded by Rochester Telephone Corporation, the RAITN system connects five area high schools, Rochester Institute of Technology (RIT), and State University of New York at Brockport. Monroe No. 1 Board of Cooperative Educational Services coordinates the interactive programming which may originate from any of the sites. Course offerings on the network range from full credit college courses to high schools sharing unique classes to increase each partners` breadth of educational options. Special events dealing with a variety of interest areas such as teen health issues, professional development, guest speakers and political leaders, and multicultural diversity topics fill out themore » schedule of interactive programming. {open_quotes}Electronic field trips{close_quotes} allow students and staff to {open_quotes}virtually attend{close_quotes} seminars, science fairs, and teleconferences held at RIT without leaving their schools. Internet connectivity and a new group of high school, university and industry partners are the next additions to the network.« less

Myth-building: The [open quotes]Islamic[close quotes] bomb

DOE Office of Scientific and Technical Information (OSTI.GOV)

Hoodbhoy, P.

1993-06-01

The [open quotes]Islamic Bomb[close quotes] is roughly understood to be a nuclear weapon aquired for broad ideological reasons--a weapon that supposedly belongs to the Muslim [ital ummah] or community and, as such, is the ultimate expression of Islamic solidarity. Concern about the Islamic bomb is at the heart of the intense effort to prevent the spread of nuclear weapons to Muslim countries. The official justification is a general one: proliferation must be curbed globally. But unofficially, the Islamic bomb gets special attention. The reasons behind this special attention are described in this article. The reasons include fear of terrorism, ofmore » a [ital jihad] willing to indiscriminately use nuclear weapons in hope of a reward in the Hereafter, and of the transfer of nuclear arms from nuclear to non-nuclear Muslim countries in times of crisis. Possibilities for controlling the proliferation of nuclear weapons in Muslim countries are addressed. Reasons are cited as to why various Muslim countries wish to acquire nuclear weapons.« less

Translocation 4p;21q identified by FISH in a case previously described as {open_quotes}presumptive monosomy 21{close_quotes}

DOE Office of Scientific and Technical Information (OSTI.GOV)

Yao, Xiu-Lan; Jenkins, E.C.

1994-10-01

Recently, Lopez-Pajares et al. (1993) reported identification of a translocation between the short arm of a chromosome 5 and the long arm of a chromosome 21 in a patient who was thought to be monosomy 21. This study is the first application of a chromosome 21 painting probe, pBS-21, and fluorescent in situ chromosome hybridization (FISH) to revise an earlier diagnosis of monosomy 21. We have now restudied skin fibroblast cultures, GM00137B, that are still available from another patient previously described as {open_quotes}presumptive monosomy 21{close_quotes} and have found that this case also has a translocation involving chromosomes 21 and 4.more » The authors urge that all previous cases of what appeared to be monosomy 21 should be re-examined with FISH to confirm or revise the original diagnosis so that genetic counseling of the family may be updated. 3 refs., 3 figs.« less

Recent developments in energy resources law

DOE Office of Scientific and Technical Information (OSTI.GOV)

Roady, S.E.; Panzik, S.J.

On July 18, 1995, the House of Representatives voted to cut EPA`s fiscal 1996 budget by approximately $2.4 billion. While the House action is generally regarded as {open_quotes}extreme,{close_quotes} and the final outcome of the environmental budget battle remains uncertain at the time of this writing, the action is, nevertheless, a sign that the complexion of environmental regulation is changing. This article presents a brief overview of significant developments in the environmental arena during the past year. When considered together, these developments appear to signal a change from the historical adversarial approach to environmental regulation toward a more integrated and cooperativemore » strategy. Yet it would be inaccurate to characterize these changes solely as pragmatic responses to an altered political climate. Rather, the developments represent, in large part, the {open_quotes}next steps{close_quotes} in a system of environmental regulation that has been evolving over the past twenty-five years. 43 refs.« less

The optimisation of occupational potential exposures - preliminary considerations

DOE Office of Scientific and Technical Information (OSTI.GOV)

Crouail, P.; Guimaraes, L.

1995-03-01

One of the major innovation brought about the ICRP 60 recommendations and emphasized by the ICRP 64 publication, is the introduction of the concept of potential exposures into the system of radiological protection. Potential exposures are characterized by {open_quotes}probability of occurrence lesser than unity{close_quotes} and {open_quotes}radiological risks exceeding normal levels{close_quotes} where normal must be interpreted as not exceeding the planned routine exposures. It is then necessary to develop consensual methods to look for and choose the optimum scenarios (i.e. those for which probability of events and possible consequences have been reduced as low as reasonably achievable). Moreover, the boundaries formore » the unacceptable levels of risks for workers should be defined, as well as reasonable risk indicators. The aim of this paper is to discuss the actual changes in the field of occupational radiological protection, induced by the potential exposure concept with particular emphasize on the optimization of protection.« less

[Impact on reading scientific articles:an attempt to dialogue with "my reader"].

PubMed

Akerman, Marco

2016-03-01

This article discusses the concept of "impact" and is based on the scientific output of the author that is examined for the analysis of impacts from the qualitative standpoint. It is done not as an end in itself, but under the aegis of the author/text/reader relationship. Seeking to establish this relationship, the way in which the author is quoted in a selected article, entering each of the quotes and identifying what aspects were emphasized by the readers who referenced the quote is explored in detail. This qualitative observation of each of the quotes provided an indication of how each author/reader perceived the original text. This personal experience of this finite and delicate dialogue with "my reader" is presented here as a recommendation, to anyone who may be interested, of a viable device that can be repeated by authors in order to re-visit their writings based on the acknowledgement of the impact that it has on others.

"Lights on at the end of the party": are lads' mags mainstreaming dangerous sexism?

PubMed

Horvath, Miranda A H; Hegarty, Peter; Tyler, Suzannah; Mansfield, Sophie

2012-11-01

Research has suggested that some magazines targeted at young men - lads' mags - are normalizing extreme sexist views by presenting those views in a mainstream context. Consistent with this view, young men in Study 1 (n = 90) identified more with derogatory quotes about women drawn from recent lads' mags, and from interviews with convicted rapists, when those quotes were attributed to lads' mags, than when they were attributed to convicted rapists. In Study 2, 40 young women and men could not reliably judge the source of those same quotes. While these participants sometimes voiced the belief that the content of lads' mags was 'normal' while rapists' talk was 'extreme', they categorized quotes from both sources as derogatory with equal frequency. Jointly, the two studies show an overlap in the content of convicted rapists' talk and the contents of contemporary lads' mags, and suggest that the framing of such content within lads' mags may normalize it for young men. ©2011 The British Psychological Society.

Ponderosa Pine reclamation at the Rosebud Mine

DOE Office of Scientific and Technical Information (OSTI.GOV)

Martin, P.R.

1990-12-31

The first operational plantings of ponderosa pine (Pinus ponderosa) were made on the Rosebud Mine near Colstrip, Montana in November of 1985. This paper discusses the five {open_quotes}R`s{close_quotes} of pine reclamation. These include the Reasons for planting ponderosa pine, ponderosa pine Research efforts and results, present Reclamation methods and materials, the Results of pine reclamation to date and the relationship of these results to the final bond Release criteria. Over 14,000 pine seedlings have been planted to date. They have been 1-0 to 3-0 bare root or 1-0 to 2-0 containerized stock. Plantings have been done by hand, with augersmore » and (primarily) with a modified Soil Conservation Service tree planter on {open_quotes}tree{close_quotes} and regular soils with and without animal damage protection in spring and fall. Percent survival has varied greatly from field to field influenced by record drought, wildlife, severe grasshopper depredation, cattle grazing and wildlife usage.« less

Substrate effect on the magnetic microstructure of La{sub 0.7}Sr{sub 0.3}MnO{sub 3} thin films studied by magnetic force microscopy

DOE Office of Scientific and Technical Information (OSTI.GOV)

Desfeux, R.; Bailleul, S.; Da Costa, A.

2001-06-04

Colossal magnetoresistive La{sub 0.7}Sr{sub 0.3}MnO{sub 3} thin films have been grown under tensile strains on (100)-SrTiO{sub 3} substrates and compressive strains on (100)-LaAlO{sub 3} and (110)-NdGaO{sub 3} substrates by pulsed laser deposition. Using magnetic force microscopy (MFM), a {open_quotes}feather-like{close_quotes} magnetic pattern, characteristic of films with an in-plane magnetization, is observed for films deposited on both SrTiO{sub 3} and NdGaO{sub 3} while a {open_quotes}bubble{close_quotes} magnetic pattern, typical of films with an out-of-plane magnetization, is recorded for LaAlO{sub 3}. We show that the shape of the magnetic pattern imaged by MFM is fully correlated to the easy direction of the magnetization inmore » the film. {copyright} 2001 American Institute of Physics.« less

Development of the simulation system {open_quotes}IMPACT{close_quotes} for analysis of nuclear power plant severe accidents

DOE Office of Scientific and Technical Information (OSTI.GOV)

Naitoh, Masanori; Ujita, Hiroshi; Nagumo, Hiroichi

1997-07-01

The Nuclear Power Engineering Corporation (NUPEC) has initiated a long-term program to develop the simulation system {open_quotes}IMPACT{close_quotes} for analysis of hypothetical severe accidents in nuclear power plants. IMPACT employs advanced methods of physical modeling and numerical computation, and can simulate a wide spectrum of senarios ranging from normal operation to hypothetical, beyond-design-basis-accident events. Designed as a large-scale system of interconnected, hierarchical modules, IMPACT`s distinguishing features include mechanistic models based on first principles and high speed simulation on parallel processing computers. The present plan is a ten-year program starting from 1993, consisting of the initial one-year of preparatory work followed bymore » three technical phases: Phase-1 for development of a prototype system; Phase-2 for completion of the simulation system, incorporating new achievements from basic studies; and Phase-3 for refinement through extensive verification and validation against test results and available real plant data.« less

77 FR 47897 - Self-Regulatory Organizations; International Securities Exchange, LLC; Order Granting Approval of...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-08-10

... impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). \\8\\ 15 U.S.C. 78f(b)(5... that according to the ISE, each set of CMM quotes will have independent quoting obligations, and thus...

Ernst potentials for vacuum Bianchi models

DOE Office of Scientific and Technical Information (OSTI.GOV)

Breton, N.

The authors derive Ernst potentials for vacuum Bianchi I through VII models. A scheme to find inhomogeneous generalizations of such models by using generating techniques which incorporate electromagnetic fields or gravitational wave perturbations to a [open quotes]seed[close quotes] Bianchi solution is presented. 35 refs., 2 tabs.

Recommended OSC design and analysis of AMTEC power system for outer-planet missions

DOE Office of Scientific and Technical Information (OSTI.GOV)

Schock, A.; Noravian, H.; Or, C.

1999-01-01

The paper describes OSC designs and analyses of AMTEC cells and radioisotope power systems for possible application to NASA{close_quote}s Europa Orbiter and Pluto Kuiper Express missions, and compares their predicted performance with JPL{close_quote}s preliminary mission goals. The latest cell and generator designs presented here were the culmination of studies covering a wide variety of generator configurations and operating parameters. The many steps and rationale leading to OSC{close_quote}s design evolution and materials selection were discussed in earlier publications and will not be repeated here except for a description of OSC{close_quote}s latest design, including a recent heat source support scheme and cellmore » configuration that have not been described in previous publications. As shown, that heat source support scheme eliminates all contact between the heat source and the AMTEC (Alkali Metal Thermal-to-Electrical Conversion) cells, which simplifies the generator{close_quote}s structural design as well as its fabrication and assembly procedure. An additional purpose of the paper is to describe a revised cell design and fabrication procedure which represent a major departure from previous OSC designs. Previous cells had a uniform diameter, but in the revised design the cell wall beyond the BASE tubes has a greatly reduced diameter. The paper presents analytical performance predictions which show that the revised ({open_quotes}chimney{close_quotes}) cell design yields substantially higher efficiencies than the previous (cylindrical) design. This makes it possible to meet and substantially exceed the JPL-stipulated EOM power goal with four instead of six General Purpose Heat Source (GPHS) modules, resulting in a one-third reduction in the heat source mass, cost, and fuel requirements. OSC{close_quote}s performance predictions were based on its techniques for the coupled thermal, electrical, and fluid flow analyses of AMTEC generators. Those analytical techniques have been partially validated by tests of prototypic test assemblies designed by OSC, built by AMPS, and tested by AFRL. The analytical results indicate that the OSC power system design, operating within the stipulated evaporator and clad temperature limits and well within its mass goals, can yield EOM power outputs and system efficiencies that substantially exceed the JPL-specified goals for the Europa and Pluto missions. However, those results only account for radioisotope decay. Other degradation mechanisms are still under study, and their short-and long-term effects must be quantified and understood before final conclusions about the adequacy and competitiveness of the AMTEC system can be drawn. {copyright} {ital 1999 American Institute of Physics.}« less

WIPCast: Probabilistic Forecasting for Aviation Decision Aid Applications

DTIC Science & Technology

2011-06-01

traders, or families planning an outing – manage weather-related risk. By quantifying risk , probabilistic forecasting enables optimization of actions via...confidence interval to the user’s risk tolerance helps drive highly effective and innovative decision support mechanisms for visually quantifying risk for

To render nationals of Israel eligible to enter the United States as nonimmigrant traders and investors.

THOMAS, 111th Congress

Rep. Weiner, Anthony D. [D-NY-9

2009-12-16

House - 03/01/2010 Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law. (All Actions) Tracker: This bill has the status IntroducedHere are the steps for Status of Legislation:

Richard Schrock, Robert Grubbs, and Metathesis Method in Organic Synthesis

Science.gov Websites

Organic Synthesis Resources with Additional Information Richard R. Schrock of the Massachusetts Institute Nobel Prize in Chemistry "for the development of the metathesis method in organic synthesis" ] Chauvin, Grubbs and Schrock "for the development of the metathesis method in organic synthesis,"

Supporting Source Integration in Student Writing

ERIC Educational Resources Information Center

Refaei, Brenda; Kumar, Rita; Wahman, M. Lauren; Peplow, Amber Burkett

2017-01-01

A cross-disciplinary team of composition, communication, and library faculty used lesson study to investigate interdisciplinary instructional strategies to improve students' use of quoting in their writing. The team developed a three-class lesson plan to introduce the concept of quoting, practice the concept, and allow students to reflect on their…

Further patient with Angelman syndrome due to paternal disomy of chromosome 15 and a milder phenotype

DOE Office of Scientific and Technical Information (OSTI.GOV)

Gillessen-Kaesbach, G.; Passarge, E.; Horsthemke, B.

1995-04-10

This {open_quotes}Letter to the Editor{close_quotes} decribes a patient with Angelman syndrome due to paternal uniparental disomy of chromosome 15 and a milder phenotype compared to Angelman syndrome patients with a 15q deletion. 10 refs., 1 fig.

75 FR 3773 - Self-Regulatory Organizations; Chicago Board Options Exchange, Inc.; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-01-22

... on the Exchange's website ( http://www.cboe.org/legal ), at the Exchange's Office of the Secretary... message traffic. The Exchange believes liquidity providers generally are quoting more efficiently in... capacity to handle greater quote message traffic. Accordingly, the Exchange believes it would be...

Racist Quotes from Persons of Note, Part II.

ERIC Educational Resources Information Center

Fikes, Robert, Jr.

1988-01-01

Offers racist quotes about Blacks, Jews, Hispanics, Asians, Italians, Poles, and others, from famous persons such as John Wayne, Woodrow Wilson, William F. Buckley, Richard Wagner, Jesse Helms, Sam Rayburn, Walter Lippman, Jack London, Paul Lynde, Theodore Roosevelt, Frank Sinatra, Errol Flynn, Ezra Pound, Richard M. Nixon, and Ronald Reagan. (BJV)

78 FR 19344 - Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing of...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-03-29

..., priority quotes (as defined below), systemic changes, Trading Pauses and openings following a Trading Pause... obligations, openings, priority quotes (as defined below), systemic changes, Trading Pauses, and openings... Participants, are required to establish, maintain, and enforce written policies and procedures that are...

Great Quotes To Inspire Great Teachers.

ERIC Educational Resources Information Center

benShea, Noah

This book provides a collection of quotes designed to offer support and inspiration to teachers as they face the daily emotional, spiritual, intellectual, and physical challenges of their professional and personal lives. The book's 26 sections focus on: the art of teaching; adversity; behavior; character; children; collaboration and teamwork;…

The information retrieval system of {open_quotes}heat abd nass transfer{close_quotes} software complexes

DOE Office of Scientific and Technical Information (OSTI.GOV)

Tsitsin, A.G.

A project is discussed which is aimed at creating the International Center for certification of software complexes (SC), intended to for soling various heat and mass transfer problems. Information on the experience gained in the operation of an information retrieval SC system is presented.

Spin and precision electroweak physics

DOE Office of Scientific and Technical Information (OSTI.GOV)

Marciano, W.J.

1994-12-01

A perspective on fundamental parameters and precision tests of the Standard Model is given. Weak neutral current reactions are discussed with emphasis on those processes involving (polarized) electrons. The role of electroweak radiative corrections in determining the top quark mass and probing for {open_quotes}new physics{close_quotes} is described.

Use of market data to assess bushmeat hunting sustainability in Equatorial Guinea.

PubMed

Allebone-Webb, S M; Kümpel, N F; Rist, J; Cowlishaw, G; Rowcliffe, J M; Milner-Gulland, E J

2011-06-01

Finding an adequate measure of hunting sustainability for tropical forests has proved difficult. Many researchers have used urban bushmeat market surveys as indicators of hunting volumes and composition, but no analysis has been done of the reliability of market data in reflecting village offtake. We used data from urban markets and the villages that supply these markets to examine changes in the volume and composition of traded bushmeat between the village and the market (trade filters) in Equatorial Guinea. We collected data with market surveys and hunter offtake diaries. The trade filters varied depending on village remoteness and the monopoly power of traders. In a village with limited market access, species that maximized trader profits were most likely to be traded. In a village with greater market access, species for which hunters gained the greatest income per carcass were more likely to be traded. The probability of particular species being sold to market also depended on the capture method and season. Larger, more vulnerable species were more likely to be supplied from less-accessible catchments, whereas there was no effect of forest cover or human population density on probability of being sold. This suggests that the composition of bushmeat offtake in an area may be driven more by urban demand than the geographic characteristics of that area. In one market, traders may have reached the limit of their geographical exploitation range, and hunting pressure within that range may be increasing. Our results demonstrate that it is possible to model the trade filters that bias market data, which opens the way to developing more robust market-based sustainability indices for the bushmeat trade. ©2011 Society for Conservation Biology.

Knowledge, attitudes and practices of traceability among livestock traders in south-western Nigeria: implications for sustainable livestock industry.

PubMed

Adesokan, Hezekiah K; Ocheja, Samuel E

2014-01-01

Livestock diseases and other animal health events are a threat to achieving sustainable livestock industry. The knowledge of trace-back and the practice of providing feedback on diseases encountered in slaughtered animals from the abattoir to the farm can help limit the spread as well as manage potential future incidents of such diseases. We assessed the knowledge, attitudes and practices of 200 willing livestock traders on traceability in Bodija Municipal Abattoir, south-western Nigeria. The results reveal that the majority of these traders had poor knowledge (79.5 %) and practices (74.0 %) of traceability, though 89.5 % demonstrated good attitudes. While 22.9 % knew that traceability could be an effective means to control diseases, only a lower proportion (9.0 %) knew the health status of the animals being purchased. Though 29.0 % reported the diseases encountered in their animals during slaughter to the farm, only 9.5 % followed up to ensure the farmers take steps at preventing further occurrence of the reported diseases. While age (p = 0.000; 0.014) and education (p = 0.000; 0.000) were both significant for good knowledge and attitudes, frequency of condemned cases (p = 0.000) and length of years in the trade (p = 0.004) were, respectively, significant for good knowledge and attitudes with none associated with practice. These poor levels of knowledge and practices of traceability are a threat to sustainable livestock industry, food security and human health; hence, there is an urgent need to institute national feedback mechanism on slaughtered animals in order to strengthen interventions against diseases at farm levels.

76 FR 43851 - Large Trader Reporting for Physical Commodity Swaps

Federal Register 2010, 2011, 2012, 2013, 2014

2011-07-22

... position, or gross long and gross short futures equivalent positions on a non-delta-adjusted basis if the... from clearing organizations, clearing members and swap dealers and apply non-routine reporting... implementing and conducting effective surveillance of economically equivalent physical commodity futures...

17 CFR 37.7 - Additional requirements.

Code of Federal Regulations, 2010 CFR

2010-04-01

... Section 37.7 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION DERIVATIVES... transaction execution facility insofar as transactions in futures or option contracts of foreign traders are... of section 5c(c) of the Act and § 40.2 of this chapter, derivatives transaction execution facilities...

Child-Rearing Practices: Symposium I C.

ERIC Educational Resources Information Center

Phisalaphong, Wanpen; And Others

Studies of child-rearing practices among Thai, Indonesian, and Indian families are reported in two abstracts and one full paper. The Indonesian study (by Siti Rahayu Haditono) explored achievement motivation, parents' educational level, and child-rearing practices among members of four Javanese occupational groups: farmers, traders, civil…

77 FR 70745 - Proposed Change to Data Protection

Federal Register 2010, 2011, 2012, 2013, 2014

2012-11-27

... DEPARTMENT OF ENERGY U.S. Energy Information Administration Proposed Change to Data Protection... Coal Production and Preparation Report--Coal Mines and Preparation Plants; and EIA-8A, the Coal Stocks Report--Traders and Brokers. DOE's proposed changes will release or publish data received from mandatory...

Fish traders as key actors in fisheries: gender and adaptive management.

PubMed

Fröcklin, Sara; de la Torre-Castro, Maricela; Lindström, Lars; Jiddawi, Narriman S

2013-12-01

This paper fills an important gap towards adaptive management of small-scale fisheries by analyzing the gender dimension of fish trade in Zanzibar, Tanzania. We hypothesize that gender-based differences are present in the fish value chain and to test the hypothesis interviews were performed to analyze: (i) markets, customers, and mobility, (ii) material and economic resources, (iii) traded fish species, (iv) contacts and organizations, and (v) perceptions and experiences. Additionally, management documents were analyzed to examine the degree to which gender is considered. Results show that women traders had less access to social and economic resources, profitable markets, and high-value fish, which resulted in lower income. These gender inequalities are linked, among others, to women's reproductive roles such as childcare and household responsibilities. Formal fisheries management was found to be gender insensitive, showing how a crucial feedback element of adaptive management is missing in Zanzibar's management system, i.e., knowledge about key actors, their needs and challenges.

Emergence of trend trading and its effects in minority game

NASA Astrophysics Data System (ADS)

Liu, Xing-Hua; Liang, Xiao-Bei; Wang, Nai-Jing

2006-09-01

In this paper, we extended Minority Game (MG) by equipping agents with both value and trend strategies. In the new model, agents (we call them strong-adaptation agents) can autonomically select to act as trend trader or value trader when they game and learn in system. So the new model not only can reproduce stylized factors but also has the potential to investigate into the process of some problems of securities market. We investigated the dynamics of trend trading and its impacts on securities market based on the new model. Our research found that trend trading is inevitable when strong-adaptation agents make decisions by inductive reasoning. Trend trading (of strong-adaptation agents) is not irrational behavior but shows agent's strong-adaptation intelligence, because strong-adaptation agents can take advantage of the pure value agents when they game together in hybrid system. We also found that strong-adaptation agents do better in real environment. The results of our research are different with those of behavior finance researches.

Influence of individual rationality on continuous double auction markets with networked traders

NASA Astrophysics Data System (ADS)

Zhang, Junhuan

2018-04-01

This paper investigates the influence of individual rationality of buyers and sellers on continuous double auction market outcomes in terms of the proportion of boundedly-rational buyers and sellers. The individual rationality is discussed in a social network artificial stock market model by embedding network formation and information set. Traders automatically select the most profitable trading strategy based on individual and social learning of the profits and trading strategies of themselves and their neighbors, and submit orders to markets. The results show that (i) a higher proportion of boundedly-rational sellers induces a higher market price, higher sellers' profits and a higher market efficiency; (ii) a higher proportion of boundedly-rational sellers induces a lower number of trades and lower buyers' profits; (iii) a higher proportion of boundedly-rational buyers induces a lower market price, a lower number of trades, and lower sellers' profits; (iv) a higher proportion of boundedly-rational buyers induces higher buyers' profits and a higher market efficiency.

The distribution of alcohol among the natives of Russian America.

PubMed

Grinëv, Andrei V

2010-01-01

The study of archival materials and published historical and ethnographic sources shows that alcohol played an insignificant role in contacts with the aboriginal population during the Russian colonization of Alaska. The Russian-American Company (RAC) tried to fight alcoholism and limited access of spirits to the natives of the Russian colonies partially for moral and partially for economic reasons. The only Alaskan natives to whom agents of the RAC supplied rum in large quantities were the Tlingit and Kaigani Haida in 1830–1842, and among them excessive drinking became a widespread problem. The chief suppliers of alcohol for these Native Americans were the British and American traders at the end of the eighteenth century. In the mid-nineteenth century traders and whalers began to supply it to the Bering Sea Eskimos as well. Russian colonization was marked by efforts to limit drunkenness in the native populations. In that sense, Russian colonization was favorable in comparison with subsequent American colonization of Alaska.

Social and economic behavior shift in the suburban society

NASA Astrophysics Data System (ADS)

Harianto, S.; Imron, A.; Setiawan, K. G.; Sadewo, F. X. S.

2018-01-01

One of the changes in the suburban area is marked by changes in land conversion, from agriculture pattern to non-farming pattern, which also affects changes in people’s livelihoods and occupation such as a craftsman and shoe trader. Using a qualitative approach, this study focuses to examine how changes in social and economic behavior of suburban communities as a result of urban development. This study founded that there was a change of livelihood in village people occupation from farmers to craftsmen and slippers traders. These changes have an impact on changing patterns of social relationships such as social interaction, social awareness, and social solidarity. In addition, the increase in income of village residents also impact on lifestyle changes such as diet and entertainment. Thus it can be concluded that urban development has an impact on suburban societies in social relations and income generation. The results of this study can be used as a reference for the city government and district governments in arranging the layout and build prosperity of the community suburban.

The dynamics of stock exchange based on the formalism of weak continuous quantum measurement

NASA Astrophysics Data System (ADS)

Melnyk, S.; Tuluzov, I.

2010-07-01

The problem of measurement in economic models and the possibility of their quantum-mechanical description are considered. It is revealed that the apparent paradox of such a description is associated with a priori requirement of conformity of the model to all the alternatives of free choice of the observer. The measurement of the state of a trader on a stock exchange is formally defined as his responses to the proposals of sale at a fixed price. It is shown that an analogue of Bell's inequalities for this measurement model is violated at the most general assumptions related to the strategy of the trader and requires a quantum-mechanical description of the dynamics of his condition. In the framework of the theory of weak continuous quantum measurements, the equation of stock price dynamics and the quantum-mechanical generalization of the F. Black and M. Scholes model for pricing options are obtained. The fundamental distinctions between the obtained model and the classical one are discussed.