Online Brokers and the SEC: Still Working Out the Glitches

Common sense dictates that some customers of an on-line brokerage service are bound to have some of the same difficulties in conducting business but that does not mean all customers or even many customers had the same problems. In addition, as to customers who may have had problems executing buy and/or sell orders, there are many variables regarding the circumstances and conditions for each customer\u27s transaction. Variables such as, but not limited to, account status, time of order, i.e., time of day and day of the week, and the customer\u27s computer modem capabilities and internet service provider. Plaintiffs fail to allege sufficient evidence that this claim is typical of the proposed class under like or similar circumstances

A Nearby Analog of z~2 Compact Quiescent Galaxies with a Rotating Disk

Recent studies have identified a population of compact quiescent galaxies at z\sim2. These galaxies are very rare today and establishing the existence of a nearby analog could allow us to study its structure in greater detail than is possible at high redshift. Here we present such a local analog, NGC 5845, which has a dynamical mass of M_dyn = 4.3\pm0.6\times10^10 M_sun and an effective radius of only r_e = 0.45\pm0.05kpc. We study the structure and kinematics with HST/WFPC2 data and previously published spatially resolved kinematics. We find that NGC 5845 is similar to compact quiescent galaxies at z\sim2 in terms of size versus dynamical mass (r_e-M_dyn), effective velocity dispersion versus size (sigma_e-r_e), and effective velocity dispersion versus dynamical mass (sigma_e-M_dyn). The galaxy has a prominent rotating disk evident in both the photometry and the kinematics: it extends to well beyond \geq1/3 effective radius and contribute to \geq1/4 of the total light of the galaxy. Our results lend support to the idea that a fraction of z\sim2 compact galaxies have prominent disks and positive mass-to-light ratio gradients, although we caution that NGC 5845 may have had a different formation history than the more massive compact quiescent galaxies at z\sim2.Comment: 6 pages, 5 figures. Accepted for publication in ApJ Letter

Julia: A Fresh Approach to Numerical Computing

Bridging cultures that have often been distant, Julia combines expertise from the diverse fields of computer science and computational science to create a new approach to numerical computing. Julia is designed to be easy and fast. Julia questions notions generally held as "laws of nature" by practitioners of numerical computing: 1. High-level dynamic programs have to be slow. 2. One must prototype in one language and then rewrite in another language for speed or deployment, and 3. There are parts of a system for the programmer, and other parts best left untouched as they are built by the experts. We introduce the Julia programming language and its design --- a dance between specialization and abstraction. Specialization allows for custom treatment. Multiple dispatch, a technique from computer science, picks the right algorithm for the right circumstance. Abstraction, what good computation is really about, recognizes what remains the same after differences are stripped away. Abstractions in mathematics are captured as code through another technique from computer science, generic programming. Julia shows that one can have machine performance without sacrificing human convenience.Comment: 37 page

Array operators using multiple dispatch: a design methodology for array implementations in dynamic languages

Arrays are such a rich and fundamental data type that they tend to be built into a language, either in the compiler or in a large low-level library. Defining this functionality at the user level instead provides greater flexibility for application domains not envisioned by the language designer. Only a few languages, such as C++ and Haskell, provide the necessary power to define $n$-dimensional arrays, but these systems rely on compile-time abstraction, sacrificing some flexibility. In contrast, dynamic languages make it straightforward for the user to define any behavior they might want, but at the possible expense of performance. As part of the Julia language project, we have developed an approach that yields a novel trade-off between flexibility and compile-time analysis. The core abstraction we use is multiple dispatch. We have come to believe that while multiple dispatch has not been especially popular in most kinds of programming, technical computing is its killer application. By expressing key functions such as array indexing using multi-method signatures, a surprising range of behaviors can be obtained, in a way that is both relatively easy to write and amenable to compiler analysis. The compact factoring of concerns provided by these methods makes it easier for user-defined types to behave consistently with types in the standard library.Comment: 6 pages, 2 figures, workshop paper for the ARRAY '14 workshop, June 11, 2014, Edinburgh, United Kingdo

Book Review: Redesigning the American Dream: The Future of Housing, Work, and Family Life

Review of Redesigning the American Dream: The Future of Housing, Work, and Family Life by Delores Hayde

The Foundations of Federalism: An Exchange

Our manuscript entitled The Foundations of Federalism: An Exchange is occasioned by the Supreme Court\u27s federalism jurisprudence which, in our judgment, calls for a broad ranging exploration of the constitutional concept of federalism itself. That exploration takes place in the form of a dialog between us which, while rewritten from its original form, nevertheless reflects our actual exchanges over an 18 month period. Our conclusion is that such terms as sovereignty generally have no place in American constitutional federalism, that the Supreme Court\u27s efforts to enforce federalism limitations have been ineffective and, in some instances, counterproductive, and most basically that federalism itself is best seen in non-theoretical terms, but instead as a practical and untidy system of occasions for sober second thought by federal and state governments engaged in the federal legislative process. On federal-state power conflicts, the Constitution should be seen as a purposeful incompletely theorized agreement, to quote Cass Sunstein

Tight Correlations Between Massive Galaxy Structural Properties and Dynamics: The Mass Fundamental Plane Was in Place by z~2

The Fundamental Plane (FP) is an empirical relation between the size, surface brightness, and velocity dispersion of early-type galaxies. This relation has been studied extensively for early-type galaxies in the local universe to constrain galaxy formation mechanisms. The evolution of the zeropoint of this plane has been extended to high redshifts to study the luminosity evolution of massive galaxies, under the assumption of structural homology. In this work, we assess this assumption by replacing surface brightness with stellar mass density and present the evolution of the "mass FP" for massive, quiescent galaxies since z~2. By accounting for stellar populations, we thereby isolate and trace structural and dynamical evolution. Despite the observed dramatic evolution in the sizes and morphologies of massive galaxies since z~3, we find that quiescent galaxies lie on the mass FP out to z~2. In contrast with ~1.4 dex evolution in the luminosity FP, average residuals from the z~0 mass FP are less than ~0.15 dex since z~2. Assuming the Hyde & Bernardi (2009) mass FP slope, we find that this minimal offset scales as (1+z)^{-0.095+/-0.043}. This result lends credence to previous studies that derived luminosity evolution from the FP. Therefore, despite their compact sizes and suggestions that massive galaxies are more disk-like at z~2, the relationship between their dynamics and structural properties are consistent with local early-type galaxies. Finally, we find no strong evidence for a tilt of the mass FP relative to the Virial plane, but emphasize the need for full models including selection biases to fully investigate this issue.Comment: 7 pages, 4 figures, accepted for publication in ApJ Letter