Financial Literacy: What Are Business Schools Teaching?

The financial illiteracy of Americans has attracted the attention and funds of more than 10 federal agencies and countless other state agencies and non-profit organizations. The manifestations of poor financial skills and planning are divorce, depression, and many elderly Americans living in poverty. Hundreds of business and non-business college students have been surveyed. Both groups were found to be financially illiterate. We examined the curricula of 100 AACSB institutions and concluded that business schools are either not offering fundamental courses in personal financial planning or that the courses are not generally available to business students (for credit) or non-business students. It is ironic that college students are graduating with the required 60 credits in the liberal arts, but are not required to pass a course in personal finance. We feel strongly that it is time for business faculty, specifically finance faculty, to argue that being financially literate is as important as being literate in English and the sciences

Measurements of antenna polar diagrams and efficiencies using a phase-switched interferometer

It is desirable to know antenna polar patterns and efficiencies accurately. In the past, calibration measurements have been made using balloons and aircraft and more recently satellites. These techniques are usually very expensive. It is shown that under certain circumstances it is possible to use a simpler and inexpensive technique by connecting together the antenna under test with another antenna to form a phase switched interferometer as first described by Ryle (1952). The technique does require a suitable radio source which gives measurable powers when using small antennas and since dipoles have broad patterns, radio sources with similar right ascensions but different declinations to the primary source can be a problem. These problems can partly be overcome by filtering the interference pattern

Turbulent transport of impurities and their effect on energy confinement

By presenting linear and nonlinear gyrokinetic studies, based on a balanced neutral beam injection deuterium discharge from the DIII-D tokamak, we demonstrate that impurities alter the scaling of the transport on the charge and mass of the main species, and even more importantly, they can dramatically change the energy transport even in relatively small quantities. A poloidally varying equilibrium electrostatic potential can lead to a strong reduction or sign change of the impurity peaking factor due to the combined effect of the in-out impurity density asymmetry and the EXB drift of impurities. We present an approximate expression for the impurity peaking factor and demonstrate that impurity peaking is not significantly affected by impurity self-collisions.Comment: Accepted for publication in Plasma Physics and Controlled Fusio

Designing and evaluating virtual musical instruments: facilitating conversational user interaction

This paper is concerned with the design of interactive virtual musical instruments. An interaction design strategy which uses on-screen objects that respond to user actions in physically realistic ways is described. This approach allows musicians to 'play' the virtual instruments using the sound of their familiar acoustic instruments. An investigation of user experience identified three modes of interaction that characterise the musicians' approach to the virtual instruments: instrumental, ornamental and conversational. When using the virtual instruments in instrumental mode, musicians prioritise detailed control; in ornamental mode, they surrender detailed control to the software and allow it to transform their sound; in conversational mode, the musicians allow the virtual instrument to 'talk back', helping to shape the musical direction of performance much as a human playing partner might. Finding a balance between controllability and complexity emerged as a key issue in facilitating 'conversational' interaction. © 2008 Elsevier Ltd. All rights reserved

Renegotiation Of Waste Disposal Services In Key West, Florida

Effective planning of a solid waste recycling program is a substantial challenge for the current waste management system in Key West, Florida.  Solid waste management strategies have to be reorganized in light of the social and economic recycling, recovery, and reuse philosophical approaches which are dramatically changing consumer behaviors across the globe.  The growing concern for environmental issues and the goal of local sustainable development have moved the management of solid waste to the forefront of the public agenda.  This paper focuses on efforts to agree upon a city-wide initiative to increase waste diversion within the prevailing political, environmental, and economic climate in which waste disposal activities had dominated the market.  It discusses how the traditional two-party solid waste hauling contract was altered by the addition of outside third-party interests forcing a multi-party negotiation processes

Mutual Fund Management and Fund Performance

This study examines management characteristics, including education and experience, as determinants of mutual fund performance.  Managers with graduate degrees did not perform differently from managers without graduate degrees.  However, graduates of top 20 MBA programs outperformed MBAs from business schools not on the top 50 Wall Street Journal list.  Manager’s tenure was positively related to performance

The Adelaide VHF radar: Capabilities and future plans

The VHF radar at Buckland Park, South Australia commenced operation in January, 1984. The radar is located adjacent to the 2-MHz ionospheric radar. The routine method for measuring horizontal wind velocity is the space antenna technique (SA) while the Doppler technique is used to measure vertical velocities. It is possible to swing the transmitting beam in the east-west plane, allowing Doppler measurements of the EW wind component