U.S. international transactions in 2002

After slightly narrowing during the cyclical slowdown of 2001, the U.S. current account deficit widened in 2002, as it had over the previous decade. Two-thirds of the increase in the deficit last year was attributable to an increase in the deficit for trade in goods and services. In addition, net investment income receded as receipts from abroad declined more than payments on foreign investments in the United States. The record $503 billion U.S. current account deficit registered in 2002 was financed by continued high levels of private capital inflows and stepped-up foreign official purchases of U.S. assets. If economic activity picks up in the United States and in its major trading partners later this year, as most forecasters expect, the U.S. external deficit likely will widen as U.S. imports of goods and services rise by a greater amount than U.S. exports of goods and services. The decline in the dollar from early 2002 to date is unlikely to restrain the widening of the deficit by much, as it has been relatively small and its effects will be spread over a number of years.International trade ; Exports ; Imports

Fast Fourier Transform algorithm design and tradeoffs

The Fast Fourier Transform (FFT) is a mainstay of certain numerical techniques for solving fluid dynamics problems. The Connection Machine CM-2 is the target for an investigation into the design of multidimensional Single Instruction Stream/Multiple Data (SIMD) parallel FFT algorithms for high performance. Critical algorithm design issues are discussed, necessary machine performance measurements are identified and made, and the performance of the developed FFT programs are measured. Fast Fourier Transform programs are compared to the currently best Cray-2 FFT program

The impact of assessment techniques on the relationship between work-based learning and teamwork skills development

The purpose of this study was to investigate the mediating effect of assessment techniques on the relationship between work-based learning and teamwork skills development at technical colleges in Nigeria. The sample consists of 257 technical teachers. The CFA models were developed to obtain the Chi-square values, modification indices, and standardized estimates using AMOS. Structural Equation Modeling (SEM), employing AMOS version 22 was utilized to test the mediation effect and also the relationship between work-based learning and teamwork skills development among students of technical colleges. The findings of the study revealed that work-based learning has a direct significant negative relationship with teamwork skills development among students of technical colleges, while, it has a direct insignificant positive relationship with assessment techniques. However, when the mediation hypothesis was tested, the result indicates that assessment techniques have a significant positive indirect impact on teamwork skills development, that is, it fully mediates the relationship between work-based learning and teamwork skills development among students of technical colleges. This study implies to educators that there is a need to appropriately enforce the assessment techniques for effective development of teamwork skills among TVET students. It is therefore, confirmed that teamwork skills should be enhanced when work-based learning is used in collaboration with appropriate assessment techniques

Integrating project based learning components into woodwork technology education curriculum at colleges of education in Nigeria

The main aim of this paper is to investigate project-based learning components suitable for integration into woodwork technology education curriculum (WTE) at Colleges of education (COE) in Nigeria. The study employed an intrinsic case study design. The population for the study comprised 12 respondents involving woodwork technology education lecturers and curriculum planners in north western Nigeria. Semi structured Interview protocol was the instrument used for collecting data for the study, while NVIVO 12 was used to analyse the qualitative data. Findings from the study revealed that the curriculum structure of WTE at COE does not include PoBL. The findings also revealed 21st century skills, inquiry and innovation, publicly presented product among the PoBL components suitable for integration into WTE curriculum at COE in Nigeria. Findings also revealed relevance of integrating PoBL in WTE curriculum, and equally showed from the responses of the participants that involvement of WTE students in investigation, collaboration grouping, and provision of adequate resource facilities as ways through which PoBL components can enhance student skill when integrated into WTE curriculum. Therefore, integrating components of PoBL into WTE curriculum affords students’ the opportunity to enhance their skills in WTE, and bridge the skill gap existing between WTE graduates and the industries

Steady-state charging of quantum batteries via dissipative ancillas

We investigate the steady-state charging process of a single-cell quantum battery embedded in an N-cell star network of qubits, each interacting with a fermion reservoir, collectively and individually in equilibrium and non-equilibrium scenarios, respectively. We find an optimal steady-state charging in both scenarios, which grows monotonically with the reservoirs' chemical potential and chemical potential difference. Where the high base temperature of the reservoirs has a destructive role in all parameter regimes. We indicate that regardless of the strength of the non-equilibrium condition, the high base chemical potential of the battery's corresponding reservoir can significantly enhance the charging process. On the other hand, a weak coupling strength can strongly suppress the charging. Consequently, our results could counteract the detrimental effects of self-discharging and provide valuable guidelines for enhancing the stable charging of open quantum batteries in the absence of an external charging field.Comment: 5 pqages, 6 figure

ABS Inflows to the United States and the Global Financial Crisis

The “global saving glut” (GSG) hypothesis argues that the surge in capital inflows from emerging market economies to the United States led to significant declines in long-term interest rates in the United States and other industrial economies. In turn, these lower interest rates, when combined with both innovations and deficiencies of the U.S. credit market, are believed to have contributed to the U.S. housing bubble and to the buildup in financial vulnerabilities that led to the financial crisis. Because the GSG countries for the most part restricted their U.S. purchases to Treasuries and Agency debt, their provision of savings to ultimately risky subprime mortgage borrowers was necessarily indirect, pushing down yields on safe assets and increasing the appetite for alternative investments on the part of other investors. We present a more complete picture of how capital flows contributed to the crisis, drawing attention to the sizable inflows from European investors into U.S. private-label asset-backed securities (ABS), including mortgage-backed securities and other structured investment products. By adding to domestic demand for private-label ABS, substantial foreign acquisitions of these securities contributed to the decline in their spreads over Treasury yields. Through a combination of empirical estimation and model simulation, we verify that both GSG inflows into Treasuries and Agencies, as well as European acquisitions of ABS, played a role in contributing to downward pressures on U.S. interest rates.

Renormalizing Partial Differential Equations

In this review paper, we explain how to apply Renormalization Group ideas to the analysis of the long-time asymptotics of solutions of partial differential equations. We illustrate the method on several examples of nonlinear parabolic equations. We discuss many applications, including the stability of profiles and fronts in the Ginzburg-Landau equation, anomalous scaling laws in reaction-diffusion equations, and the shape of a solution near a blow-up point.Comment: 34 pages, Latex; [email protected]; [email protected]

Construction and Expected Performance of the Hadron Blind Detector for the PHENIX Experiment at RHIC

A new Hadron Blind Detector (HBD) for electron identification in high density hadron environment has been installed in the PHENIX detector at RHIC in the fall of 2006. The HBD will identify low momentum electron-positron pairs to reduce the combinatorial background in the $e^{+}e^{-}$ mass spectrum, mainly in the low-mass region below 1 GeV/c$^{2}$. The HBD is a windowless proximity-focusing Cherenkov detector with a radiator length of 50 cm, a CsI photocathode and three layers of Gas Electron Multipliers (GEM). The HBD uses pure CF$_{4}$ as a radiator and a detector gas. Construction details and the expected performance of the detector are described.Comment: QM2006 proceedings, 4 pages 3 figure

Potential for improvement of population diet through reformulation of commonly eaten foods

Food reformulation: Reformulation of foods is considered one of the key options to achieve population nutrient goals. The compositions of many foods are modified to assist the consumer bring his or her daily diet more in line with dietary recommendations. Initiatives on food reformulation: Over the past few years the number of reformulated foods introduced on the European market has increased enormously and it is expected that this trend will continue for the coming years. Limits to food reformulation: Limitations to food reformulation in terms of choice of foods appropriate for reformulation and level of feasible reformulation relate mainly to consumer acceptance, safety aspects, technological challenges and food legislation. Impact on key nutrient intake and health: The potential impact of reformulated foods on key nutrient intake and health is obvious. Evaluation of the actual impact requires not only regular food consumption surveys, but also regular updates of the food composition table including the compositions of newly launched reformulated foods

The impact of generic skills on building technology graduates employability

Stressing the generic skills among learners is an essential component of producing graduates who would be employable and highly competitive in the world of work situations. This study empirically examined the influence of soft skill elements on building technology graduates’ employability at technical colleges in Nigeria. The study tested six hypotheses on soft skill elements influencing building technology graduates’ employability. Data were collected through personal-administered questionnaire from 314 building technology teachers at technical colleges in the north-western States of Nigeria. The instrument was embraced from an earlier study and distributed to Building technology teachers at technical colleges in North West, Nigeria. The results revealed through Partial Least Square (PLS) analysis that ICT skills, and resource management skills have a significant positive relationship with building technology graduates’ employability while personal skills and problem-solving skills have a positive but insignificant relationship with building technology graduates’ employability at technical colleges in Nigeria. It is recommended that teachers or academicians should come out with more interactive ways to develop soft skills among students at every stage to make them become more employable hence, avert them from being unemployed in the future