Deregulation and the relationship between bank CEO compensation and risk taking

The deregulation of the banking industry during the 1990s provides a natural (public policy) experiment for investigating how firms adjust their executive compensation contracts as the environment in which they operate becomes relatively more competitive. Using the Riegle-Neal Act of 1994 as a focal point, we investigate how banks changed the equity-based component of bank CEO compensation contracts. We also examine the relationships between equity- based compensation and risk, capital structure, and investment opportunity set. Consistent with theoretical predictions, we find that after deregulation, the equity- based component of bank CEO compensation increases significantly on average for the industry. Additionally, we find that more risky banks have significantly higher levels of equity-based compensation, as do banks with more investment opportunities. But, more levered banks do not have higher levels of equity-based CEO compensation. Finally, we observe that most of these relationships become more powerful in our post- deregulation period.Corporate governance ; Bank supervision

Fe I Oscillator Strengths for the Gaia-ESO Survey

The Gaia-ESO Public Spectroscopic Survey (GES) is conducting a large-scale study of multi-element chemical abundances of some 100 000 stars in the Milky Way with the ultimate aim of quantifying the formation history and evolution of young, mature and ancient Galactic populations. However, in preparing for the analysis of GES spectra, it has been noted that atomic oscillator strengths of important Fe I lines required to correctly model stellar line intensities are missing from the atomic database. Here, we present new experimental oscillator strengths derived from branching fractions and level lifetimes, for 142 transitions of Fe I between 3526 {\AA} and 10864 {\AA}, of which at least 38 are urgently needed by GES. We also assess the impact of these new data on solar spectral synthesis and demonstrate that for 36 lines that appear unblended in the Sun, Fe abundance measurements yield a small line-by-line scatter (0.08 dex) with a mean abundance of 7.44 dex in good agreement with recent publications.Comment: Accepted for publication in Mon. Not. R. Astron. So

Study of fuel systems for LH2-fueled subsonic transport aircraft, volume 1

Several engine concepts examined to determine a preferred design which most effectively exploits the characteristics of hydrogen fuel in aircraft tanks received major emphasis. Many candidate designs of tank structure and cryogenic insulation systems were evaluated. Designs of all major elements of the aircraft fuel system including pumps, lines, valves, regulators, and heat exchangers received attention. Selected designs of boost pumps to be mounted in the LH2 tanks, and of a high pressure pump to be mounted on the engine were defined. A final design of LH2-fueled transport aircraft was established which incorporates a preferred design of fuel system. That aircraft was then compared with a conventionally fueled counterpart designed to equivalent technology standards

Study of fuel systems for LH2-fueled subsonic transport aircraft, volume 2

For abstract, see N78-31085

Forms of Limited Practice Under the Medical Practice Act

No abstract available. doi:10.2204/iodp.sd.5.07.2007</a

Potential of hemp (Cannabis sativa L.) for paired phytoremediation and bioenergy production

Hemp (Cannabis sativa L.) is a multi-use crop that has been investigated for its potential use in phytoremediation of heavy metals, radionuclides, and organic contaminants, and as a feedstock for bioenergy production. A review of research literature indicates that hemp is a suitable crop for phytoremediation, and a competitive option for bioenergy. Coupling phytoremediation and bioenergy production from a single hemp crop is a potential solution to overcoming the economic constraints of phytoremediation projects. The current challenge is ensuring that the extracted contaminants are not introduced into the consumer marketplace. After several decades of limited research on hemp in the United States, the purpose of this review is to identify the knowledge available for hemp applications in phytoremediation or in production of bioenergy, and if and how those two purposes have been combined. The literature shows that hemp growth has been demonstrated successfully at the field scale for phytoremediation and in several bioenergy conversion technologies. Little is known about the fate of contaminants during hemp growth or during post-harvest processing, especially the relationships between hemp genetics, metabolomics, and contaminant partitioning. Complicating the understanding is the expectation that contaminant fate will be dependent on the contaminant type, the concentration in the material, and the processing methods. Before hemp from phytoremediation applications can be used for bioenergy, the fractionation of heavy metals, radionuclides, and/or organic compounds during transesterification, anaerobic digestion, fermentation, and/or combustion of hemp must be evaluated

Covalent bonding and the nature of band gaps in some half-Heusler compounds

Half-Heusler compounds \textit{XYZ}, also called semi-Heusler compounds, crystallize in the MgAgAs structure, in the space group $F\bar43m$. We report a systematic examination of band gaps and the nature (covalent or ionic) of bonding in semiconducting 8- and 18- electron half-Heusler compounds through first-principles density functional calculations. We find the most appropriate description of these compounds from the viewpoint of electronic structures is one of a \textit{YZ} zinc blende lattice stuffed by the \textit{X} ion. Simple valence rules are obeyed for bonding in the 8-electron compound. For example, LiMgN can be written Li$^+$ + (MgN)$^-$, and (MgN)$^-$, which is isoelectronic with (SiSi), forms a zinc blende lattice. The 18-electron compounds can similarly be considered as obeying valence rules. A semiconductor such as TiCoSb can be written Ti$^{4+}$ + (CoSb)$^{4-}$; the latter unit is isoelectronic and isostructural with zinc-blende GaSb. For both the 8- and 18-electron compounds, when \textit{X} is fixed as some electropositive cation, the computed band gap varies approximately as the difference in Pauling electronegativities of \textit{Y} and \textit{Z}. What is particularly exciting is that this simple idea of a covalently bonded \textit{YZ} lattice can also be extended to the very important \textit{magnetic} half-Heusler phases; we describe these as valence compounds \textit{ie.} possessing a band gap at the Fermi energy albeit only in one spin direction. The \textit{local} moment in these magnetic compounds resides on the \textit{X} site.Comment: 18 pages and 14 figures (many in color