Predatory lending in rational world

Regulators express growing concern over “predatory lending,” which we take to mean lending that reduces the expected utility of borrowers. We present a rational model of consumer credit in which such lending is possible, and identify the circumstances in which it arises with and without competition. Predatory lending is associated with imperfect competition, highly collateralized loans, and poorly informed borrowers. Under most circumstances competition among lenders eliminates predatory lending.Predatory lending

Predatory mortgage lending

Regulators express growing concern over predatory loans, which we take to mean loans that borrowers should decline. Using a model of consumer credit in which such lending is possible, we identify the circumstances in which it arises both with and without competition. We find that predatory lending is associated with highly collateralized loans, inefficient refinancing of subprime loans, lending without due regard to ability to pay, prepayment penalties, balloon payments, and poorly informed borrowers. Under most circumstances competition among lenders attenuates predatory lending. We use our model to analyze the effects of legislative interventions.Predatory lending

THE EXAMINATION ACCORDING TO THE POSITION OF PLAYERS OF AEROBIC AND ANAEROBIC CAPACITY RELATION IN PROFESSIONAL FOOTBALL PLAYERS

The aim of this research is to examine the comparison of the aerobic and anaerobic capacity relationship according to positions of the professional football players (FP). The participants in this study were male FP (n = 32, Mage = 22.19, SD = 2.33, Mheight = 178 cm, SD = 0.04, Mweight = 73.05 kg, SD = 7.39, Mbodyfat %  = 9.01,  SD = 3.43, Mbodymasindex = 23.25,  SD = 2.23,) who professional trained regularly. They participated WAnT and shuttle run tests in order to measure anaerobic power (AnP) (MAnP = 14.31 watt/kg, SD = 1.57), anaerobic capacity (AnC) (MAnC = 7.5 watt/kg, SD = 0.4), maximal heart rate (HRmax ) (MHRmax = 179 beat per minute,  SD = 16.8) and maximal oxygen consumpt (VO2max ) (MVO’max = 51.8 ml/kg/min,  SD = 4.25). According the positions (defence – midfield and forward) of the FP, there isn't a statistical difference among HRmax, VO2max, AnP and AnC (p>0.05). There is no longer the concept of classical position in today's football so the features specific to classical position change. All of the footballers perform in both attack and defense. In accordance with the coach tactics, midfielder and striker blocks are constantly moving back and forth as the field is shrinks and so each player is about the same distances.  Article visualizations

Trading and Voting

Complete financial markets transform the political choice between candidates with different redistribution policies. If redistribution policies do not affect aggregate wealth, then financial trade implies that wealth considerations have no effect on voting and so do not affect who wins. However, an election in which one candidate would redistribute results in redistribution, and redistribution is the same whether or not he wins. Furthermore, he proposes, and if elected carries out, more redistribution than he prefers. If redistribution policies do affect aggregate wealth, then everybody expects more wealth if the candidate with the higher aggregate‐wealth policy wins

Investigation of prevalence of dental anomalies by using digital panoramic radiographs

Background: This study was performed to evaluate the prevalence of all types and subtypes of dental anomalies among 6- to 40-year-old patients by using panoramic radiographs. Materials and methods: This cross-sectional study was conducted by analysing digital panoramic radiographs of 1200 patients admitted to our clinic in 2014. Dental anomalies were examined under 5 types and 16 subtypes. Dental ano­malies were divided into 5 types: (a) number (including hypodontia, oligodontia and hyperdontia); (b) size (including microdontia and macrodontia); (c) structure (including amelogenesis imperfecta, dentinogenesis imperfecta and dentin dys­plasia); (d) position (including transposition, ectopia, displacement, impaction and inversion); (e) shape (including fusion-gemination, dilaceration and taurodontism). Results: The prevalence of dental anomalies diagnosed by panoramic radiographs was 39.2% (46% in men and 54% in women). Anomalies of position (60.8%) and shape (27.8%) were the most common types of abnormalities and anomalies of size (8.2%), structure (0.2%) and number (17%) were the least in both genders. Anomalies of impaction (45.5%), dilacerations (16.3%), hypodontia (13.8%) and taurodontism (11.2%) were the most common subtypes of dental anomalies. Taurodontism was more common in the age groups of 13–19 years. The age range of the most frequent of all other anomalies was 20–29. Conclusions: Anomalies of tooth position were the most common type of dental anomalies and structure anomalies were the least common in this Turkish po­pulation. The frequency and type of dental anomalies vary within and between populations, confirming the role of racial factors in the prevalence of dental ano­malies. Digital panoramic radiography is a very useful method for the detection of dental anomalies. (Folia Morphol 2018; 77, 2: 323–328

Predatory Mortgage Lending

Regulators express growing concern over predatory loans, which we take to mean loans that borrowers should decline. Using a model of consumer credit in which such lending is possible, we identify the circumstances in which it arises both with and without competition. We find that predatory lending is associated with highly collateralized loans, inefficient refinancing of subprime loans, lending without due regard to ability to pay, prepayment penalties, balloon payments, and poorly informed borrowers. Under most circumstances competition among lenders attenuates predatory lending. We use our model to analyze the effects of legislative interventions

Assessment of Liquefaction-Induced Foundation Soil Deformations

Although there exist some consensus regarding seismic soil liquefaction triggering assessment of free field soil sites, estimating the liquefaction triggering potential beneath building foundations still stays as a controversial and a difficult issue. Assessing liquefaction triggering potential under building foundations requires the estimation of cyclic and static stress state of the soil medium. In the recent studies (e.g. Unutmaz 2008), the cyclic stress ratio corrected for Kα and Kσ effects under and adjacent to building foundations subjected to cyclic loading are to be estimated with the help of a series of 2-D and 3-D numerical simulations for different generic cases. A representative and a maximum cyclic stress ratio terms of the soil-structure-earthquake interaction system, denoted as CSRSSEI,rep and CSRSSEI,max respectively was defined as a function of i) ratio of the pre-earthquake fundamental period of the structure and soil (σ), ii) free field spectral acceleration at the fixed-base period of the structure(SA), iii) the peak ground acceleration of the free field soil sites (PGA), and iv) aspect ratio of the structure (h/B). In this paper, the results of the previously mentioned numerical findings have been verified by using case histories documented after 1999 Kocaeli Earthquake, where significant foundation displacements were observed due to liquefaction of the underlying foundation soils. The foundation soil profiles of these case histories generally consist of silty soils, sand-silt mixtures and silt-clay mixtures. Overburden and procedure corrected SPT-N values vary in the range of 2 to 5 blows/30 cm in the upper 5 meters and gradually increases up to a maximum value of 25 blows/30 cm beyond depths of 5 to 8 m’s. Overlying structures are mainly 3 to 4 storey, residential buildings with no basements. As the concluding remark, the proposed simplified procedures are shown to predict cyclically-induced foundation settlements accurately within an accuracy factor of two (i.e.: predictions fall within 1:2 and 2:1 limits of the measured settlements)

The IL-6 Gene Promoter SNP and Plasma IL-6 in Response to Diet Intervention.

We recently reported that interleukin-6 (IL-6), an inflammatory marker associated with breast pathology and the development of breast cancer, decreases with diet intervention and weight loss in both insulin-sensitive and insulin-resistant obese women. Here, we tested whether an individual's genotype at an IL6 SNP, rs1800795, which has previously been associated with circulating IL-6 levels, contributes to changes in IL-6 levels or modifies the effect of diet composition on IL-6 in these women. We genotyped rs1800795 in overweight/obese women (N = 242) who were randomly assigned to a lower fat (20% energy), higher carbohydrate (65% energy) diet; a lower carbohydrate (45% energy), higher fat (35% energy) diet; or a walnut-rich (18% energy), higher fat (35% energy), lower carbohydrate (45% energy) diet in a 1-year weight loss intervention study of obesity-related biomarkers for breast cancer incidence and mortality. Plasma IL-6 levels were measured at baseline, 6 and 12 months. At baseline, individuals with a CC genotype had significantly lower IL-6 levels than individuals with either a GC or GG genotype (p < 0.03; 2.72 pg/mL vs. 2.04 pg/mL), but this result was not significant when body mass index (BMI) was accounted for; the CC genotype group had lower BMI (p = 0.03; 32.5 kg/m² vs. 33.6 kg/m²). We did not observe a 2-way interaction of time*rs1800795 genotype or diet*rs1800795 genotype. Our findings provide evidence that rs1800795 is associated with IL-6 levels, but do not support a differential interaction effect of rs1800795 and diet composition or time on changes in circulating IL-6 levels. Diet intervention and weight loss are an important strategy for reducing plasma IL-6, a risk factor of breast cancer in women, regardless of their rs1800795 genotype

Effects of Diet Composition and Insulin Resistance Status on Plasma Lipid Levels in a Weight Loss Intervention in Women.

BackgroundOptimal macronutrient distribution of weight loss diets has not been established. The distribution of energy from carbohydrate and fat has been observed to promote differential plasma lipid responses in previous weight loss studies, and insulin resistance status may interact with diet composition and affect weight loss and lipid responses.Methods and resultsOverweight and obese women (n=245) were enrolled in a 1-year behavioral weight loss intervention and randomly assigned to 1 of 3 study groups: a lower fat (20% energy), higher carbohydrate (65% energy) diet; a lower carbohydrate (45% energy), higher fat (35% energy) diet; or a walnut-rich, higher fat (35% energy), lower carbohydrate (45% energy) diet. Blood samples and data available from 213 women at baseline and at 6 months were the focus of this analysis. Triglycerides, total cholesterol, and high- and low-density lipoprotein cholesterol were quantified and compared between and within groups. Triglycerides decreased in all study arms at 6 months (P<0.05). The walnut-rich diet increased high-density lipoprotein cholesterol more than either the lower fat or lower carbohydrate diet (P<0.05). The walnut-rich diet also reduced low-density lipoprotein cholesterol in insulin-sensitive women, whereas the lower fat diet reduced both total cholesterol and high-density lipoprotein cholesterol in insulin-sensitive women (P<0.05). Insulin sensitivity and C-reactive protein levels also improved.ConclusionsWeight loss was similar across the diet groups, although insulin-sensitive women lost more weight with a lower fat, higher carbohydrate diet versus a higher fat, lower carbohydrate diet. The walnut-rich, higher fat diet resulted in the most favorable changes in lipid levels.Clinical trial registrationURL: http://www.clinicaltrials.gov. Unique identifier: NCT01424007

Preparation of high surface area activated carbon from waste-biomass of sunflower piths: Kinetics and equilibrium studies on the dye removal

Sunflower pith (SP), a vast agricultural waste is herein used as a precursor material for highly porous low density activated carbon production. Porosity and flake-like microstructure of the SP in its natural form are shown by micro-computed tomography (Micro-CT). Carbonization process turns the SP into thin, separated carbon flakes of 200 nm thickness. Two types of alkaline based chemical activation with KOH and NaOH are performed to yield SP based activated carbon (AC), K-SPAC and N-SPAC, respectively. Microstructural changes upon carbonization and activation process are elaborated by RAMAN, FTIR and SEM analyses. BET Surface area of the NaOH-activated N-SPAC was calculated as 2690 m2/g and was higher than KOH-activated K-SPAC with 2090 m2/g. Maximum adsorption capacity of N-SPAC was calculated as 965 mg/g whereas it was 580 mg/g for K-SPAC. Adsorption kinetic studies for N-SPAC revealed that at a low initial concentration of dye (500 mg/L), the pseudo first-order kinetic model was predictive. On the other hand, at high initial MB concentration (1000 mg/L), the results indicate that the adsorption kinetics follow the Elovich model with intraparticle diffusion as one of the rate-determining steps. In conclusion, overall results suggest that thanks to its highly porous microstructure, the SP is an alternative renewable AC precursor choice for dye removal applications