REPORT OF THE WESTERN EXTENSION PUBLIC AFFAIRS COMMITTEE

Teaching/Communication/Extension/Profession,

MONTANA'S EXPERIENCES IN TAXATION AND FINANCE EDUCATION

Public Economics,

Commodity Price Insurance:A Keynesian Idea Revisited

Keynes proposed that a ‘Commod Control’ agency be created after the Second World War to stabilise spot prices of key internationally traded commodities by systematically buying and selling physical buffer stocks. In this paper, the creation of a new Global Commodity Insurer (GCI) is discussed that would operate an international Commodity Price Insurance (CPI) scheme with the objective of protecting national government revenues, spending and investment against the adverse impact of short- term deviations in commodity prices, and especially oil prices, from their long-run equilibrium level. Crude oil is the core commodity in this scheme because energy represents 50% of world commodity exports, and oil price shocks have historically had a significant macroeconomic impact. In effect the GCI would develop a new international market, which is currently missing, designed to protect governments against the risk of declines in their fiscal revenue, and increases in the level of claims on that income especially from social programmes, brought about by short-term commodity price shocks. GCI would take advantage of the rapid growth of trading in derivative securities in the global capital market since the 1980s by selling CPI insurance contracts tailored to the specific commodity price exposure faced by national government, and offsetting the resulting price risk with a portfolio of derivative contracts of five-year or longer maturities, supplied by banks, insurers, reinsurers, investment institutions, and commodity trading companies, with investment grade credit ratings. The difference between the CPI and a buffer stock or export/import control scheme is that it would mitigate the macro-economic shocks posed by commodity price volatility, but not attempt to control commodity prices. The cost of the CPI scheme is estimated by simulating 5-year commodity price paths using a standard log price mean reverting model parameterised from an econometric analysis of commodity price time series.Commodity Price Insurance

Microfluidics : the fur-free way towards personalised medicine in cancer therapy

Microfluidic technology has great potential for complementing and, in some instances, replacing the use of animal models in the testing of medicines and in developing personalised treatments for cancer patients. The maintenance of tissue in an in vivo-like state provides a platform upon which normal and diseased tissue biology can be investigated in a novel way. This review describes the use of microfluidic technology for the maintenance of tissue samples ex vivo and the current state of play for the use of this technology in the replacement of animal models, with a focus on cancer

Recent Experience with Hemodialysis in Acute Renal Failure, Chronic Renal Disease with Reversible Features, and in Conjunction with Renal Homotransplants

Hemodialysis is a safe acceptable method of treatment for drug intoxication, and acute renal failure. It is also useful in the management of patients with chronic renal disease either on a periodic basis or, intermittantly, for acute exacerbations superimposed on chronic renal insufficiency. The great majority of dialysis at MCV has been done in conjunction with the ongoing renal homotransplantation program. Here dialysis has proven to be an innocuous procedure and has contributed significantly to the success of this program

Towards an Articulation of Architecture as a Verb; Learning from Participatory Development, Subaltern Identities and Textual Values.

Full version unavailable due to 3rd party copyright restrictionsOriginating from a disenfranchisement with the contemporary definition and realisation of Westernised architecture as a commodity and product, this thesis seeks to explore alternative examples of positive socio-spatial practice and agency. These alternative spatial practices and methodologies are drawn from participatory and grass-roots development agency in informal settlements and contexts of economic absence, most notably in the global South. This thesis explores whether such examples can be interpreted as practical realisations of key theoretical advocacies for positive social space that have emerged in the context of post-Second World-War capitalism. The principal methodological framework utilises two differing trajectories of spatial discourse. Firstly, Henri Lefebvre and Doreen Massey as formative protagonists of Western spatial critique, and secondly, John F. C. Turner and Nabeel Hamdi as key advocates of participatory development practice in informal settlements. These two research trajectories are notably separated by geographical, economic and political differentiations, as well as conventional disciplinary boundaries. However by undertaking a close textual reading of these discourses this thesis critically re-contextualises the socio-spatial methodologies of participatory development practice, observing multiple theoretical convergences and provocative commonalities. This research proposes that by critically comparing these previously unconnected disciplinary trajectories certain similarities, resonances and equivalences become apparent. These resonances reveal comparable critiques of choice, value, and identity which transcend the gap between such differing theoretical and practical engagements with space. Subsequently, these thematic resonances allow this research to critically engage with further appropriate surrounding discourses, including Marxist theory, orientalism, post- structural pluralism, development anthropology, post-colonial theory and subaltern theory. 5 In summary, this thesis explores aspects of Henri Lefebvre's and Doreen Massey's urban and spatial theory through a close textual reading of key texts from their respective discourses. This methodology provides a layered analysis of post-Marxist urban space, and an exploration of an explicit connection between Lefebvre and Massey in terms of the social production and multiplicity of space. Subsequently, this examination provides a theoretical framework from which to reinterpret and revalue the approaches to participatory development practice found in the writings and projects of John Turner and Nabeel Hamdi. The resulting comparative framework generates interconnected thematic trajectories of enquiry that facilitate the re-reading and critical reflection of Turner and Hamdi's development practices. Thus, selected Western spatial discourse acts as a critical lens through which to re-value the social, political and economical achievements of participatory development. Reciprocally, development practice methodologies are recognised as invaluable and provocative realisations of the socio-spatial qualities that Western spatial discourse has long advocated for, and yet have remained predominantly unrealised in the global North

Synthesis and Applications of Rhodacyclopentanones Derived From C-C Bond Activation

Rhodacyclopentanones, an “sp(3)-rich” class of metallacycle, underpin an emerging range of catalytic methodologies for the direct generation of complex scaffolds. This review highlights strategies for accessing rhodacyclopentanones (and related species) by C-C bond activation of cyclobutanones or cyclopropanes. The scope and mechanism of methodologies that exploit these activation modes is outlined

An Economic Evaluation of Small-scale Distributed Electricity Generation Technologies

Numerous renewable and small-scale distributed generation (DG) technologies have now progressed to the stage where their technical feasibility has been proven and full-sclae projects have been successfully implemented worldwide. This paper surveys the available DG technologies and models their economic performance in rural areas of India with particular emphasis on comparing the costs of hybrid DG systems with conventional grid connectionsfor remote rural village-level applications. Modelling inputs are based on demand, fuel, availability, costs and local operating conditions found in the Kachchh District of Gujarat, India. Results demonstrate that hybrid power systems can economically provide electricity in rural areas if local energy resources are adequate. Additional environmental and economic benefits of hybrid DG are also quantified for the case study area and reveal a 40% reduction in diesel fuel use compared to diesel genset only systems.Distributed generation, hybrid power, renewables