Oxygen Absorption in Cooling Flows

The inhomogeneous cooling flow scenario predicts the existence of large quantities of gas in massive elliptical galaxies, groups, and clusters that have cooled and dropped out of the flow. Using spatially resolved, deprojected X-ray spectra from the ROSAT PSPC we have detected strong absorption over energies ~0.4-0.8 keV intrinsic to the central ~1 arcmin of the galaxy, NGC 1399, the group, NGC 5044, and the cluster, A1795. These systems have amongst the largest nearby cooling flows in their respective classes and low Galactic columns. Since no excess absorption is indicated for energies below ~0.4 keV the most reasonable model for the absorber is warm, collisionally ionized gas with T=10^{5-6} K where ionized states of oxygen provide most of the absorption. Attributing the absorption only to ionized gas reconciles the large columns of cold H and He inferred from Einstein and ASCA with the lack of such columns inferred from ROSAT, and also is consistent with the negligible atomic and molecular H inferred from HI, and CO observations of cooling flows. The prediction of warm ionized gas as the product of mass drop-out in these and other cooling flows can be verified by Chandra, XMM, and ASTRO-E.Comment: 4 pages (2 figures), Accepted for publication in ApJ Letters, no significant changes from previous submitted versio

How well do conventional stock market indicators predict stock market movements?: Working paper series--03-02

The P/E ratios and the dividend yield of the S&P 500 are analyzed in relation to subsequent stock returns and are show to explain less than 20% of the variation in returns. Some analysts suggest that these indicators should be examined in relation to interest rates. Interest rates are shown not to improve the explanatory power of the indicators. Unfortunately, the conventional indicators studied here are not very helpful and may have caused some investors to miss out on substantial returns

Proposal for a lunar tunnel-boring machine

A need exists for obtaining a safe and habitable lunar base that is free from the hazards of radiation, temperature gradient, and micrometeorites. A device for excavating lunar material and simultaneously generating living space in the subselenian environment was studied at the conceptual level. Preliminary examinations indicate that a device using a mechanical head to shear its way through the lunar material while creating a rigid ceramic-like lining meets design constraints using existing technology. The Lunar Tunneler is totally automated and guided by a laser communication system. There exists the potential for the excavated lunar material to be used in conjunction with a surface mining process for the purpose of the extraction of oxygen and other elements. Experiments into lunar material excavation and further research into the concept of a mechanical Lunar Tunneler are suggested

Extractable nitrogen and microbial community structure respond to grassland restoration regardless of historical context and soil composition.

Grasslands have a long history of invasion by exotic annuals, which may alter microbial communities and nutrient cycling through changes in litter quality and biomass turnover rates. We compared plant community composition, soil chemical and microbial community composition, potential soil respiration and nitrogen (N) turnover rates between invaded and restored plots in inland and coastal grasslands. Restoration increased microbial biomass and fungal : bacterial (F : B) ratios, but sampling season had a greater influence on the F : B ratio than did restoration. Microbial community composition assessed by phospholipid fatty acid was altered by restoration, but also varied by season and by site. Total soil carbon (C) and N and potential soil respiration did not differ between treatments, but N mineralization decreased while extractable nitrate and nitrification and N immobilization rate increased in restored compared with unrestored sites. The differences in soil chemistry and microbial community composition between unrestored and restored sites indicate that these soils are responsive, and therefore not resistant to feedbacks caused by changes in vegetation type. The resilience, or recovery, of these soils is difficult to assess in the absence of uninvaded control grasslands. However, the rapid changes in microbial and N cycling characteristics following removal of invasives in both grassland sites suggest that the soils are resilient to invasion. The lack of change in total C and N pools may provide a buffer that promotes resilience of labile pools and microbial community structure

Returns, Volatility and Liquidity on the ASX: Undisclosed vs. Disclosed Limit Orders

This paper investigates the information content of the two types of limit orders on the Australian Stock Exchange ASX: undisclosed orders (ULOs) and limit orders. Given the large order quantity contained in ULOs, we attempt to examine the impact of ULO submissions, cancellations and executions on price changes and volatility over differing intervals within a day. Motivation is generated by the ASX decision to abolish the use of ULOs in favour of iceberg orders. Intraday analysis shows that the impact of both ULO and disclosed order submissions are no longer than one day. ULO buying/selling order submissions at the best bid/ask price increase/decrease returns and price volatility significantly more than disclosed orders. The cancellations of ULOs cause significantly larger price volatility than disclosed limit order cancellations. Compared with disclosed limit order submissions, there is an increase in liquidity from the significantly reduced spread upon DLO submissions.Intraday effects, Return volatility, Undisclosed limit orders

Cognitive and affective components of challenge and threat states

We explored the cognitive and affective components of the Theory of Challenge and Threat States in Athletes (TCTSA) using a cross-sectional design. One hundred and seventy-seven collegiate athletes indicated how they typically approached an important competition on measures of self-efficacy, perceived control, achievement goals, emotional states and interpretation of emotional states. Participants also indicated to what extent they typically perceived the important competition as a challenge and/or a threat. The results suggest that a perception of challenge was not predicted by any of the cognitive components. A perception of threat was positively predicted by avoidance goals and negatively predicted by self-efficacy and approach goals. Both challenge and threat had a positive relationship with anxiety. Practical implications of this study are that an avoidance orientation appeared to be related to potentially negative constructs such as anxiety, threat and dejection. The findings may suggest that practitioners and researchers should focus on reducing an avoidance orientation, however the results should be treated with caution in applied settings, as this study did not examine how the combination of constructs exactly influences sport performance. The results provided partial support for the TCTSA with stronger support for proposed relationships with threat rather than challenge states

The Wall Street Journal investment dartboard: Market responses to recommendations of returning winners versus new contenders: Working paper series--98-03

We extend previous tests that examine the price and volume effects for stocks recommended in the Wall Street Journal's Investment Dartboard column. We split the sample into those stocks chosen by returning winners of previous contests and new contenders. Our results indicate that investors place greater price pressure on the stocks chosen by the "winners" compared to the "contenders." The wealth increase for both the "winners" and "contenders" is temporary, and returns to near the pre-event level by the twentieth day after the announcement. This finding is consistent price pressure being due to naive buying rather than new information being revealed. The relative trading volume shows that investors placed greater emphasis on the "winners" recommendations versus the recommendations of the "contenders." Finally, we show that the amount of price pressure observed increases with the success of the winner in the previous contest

African bean production environments: their definition, characteristics and constraints

Bean production in Africa is very heterogeneous with much variation in environmental conditions, cropping systems, preferences and constraints. This working document contains information on the many bean producing areas in Africa. The data were gleaned from numerous sources but a major part of these are from the observations of CIAT and national bean program researchers over the last ten years. Thirteen bean producing environments are defined from consideration of altitude, latitude, soil pH and seasonal rainfall. Seventy bean producing areas, having estimated annual bean production of between 2,000 and 220,000 hectares, are described on the bases of environmental and socio-economic characteristics, cropping systems, farmer and consumer preferences, and biotic and abiotic constraints. The importance of the constraints was evaluated both on a pan-African and a regional basis. Angular leaf spot, anthracnose, bean stem maggot, bruchids, low soil nitrogen and low soil phosphorus were determined to be the most important constraints to greater productivity on a pan-African basis