Extreme events in Italy from documentary sources: Venice as a case study

Venice risks to be submerged as a consequence of two problems: local land subsidence and sea level rise due to global warming. They both contribute to what is referred as Apparent Sea Level Rise (ASLR). Flooding Tides (locally: Acqua Alta) submerge Venice with an exponentially increasing frequency. The Acqua Alta is generated by a number of factors, the main of them being the Sirocco wind blowing over the Adriatic Sea, that ultimately displaces waters towards Venice. These extreme events have been investigated by using the documentary description of past floods, accurately reported over the last millennium, and tide gauge records for the recent period. A fundamental problem is to know the trend of the ASLR, possibly distinguishing between land subsidence and sea level components. Instrumental data go back to 1872 and a key point is to extend ourkno wledge back in time. Long-term ASLR has been investigated with the help of a biological indicator, i.e. the height of the green belt of the algae that live in the tidal range and whose upper front shows the average high tide level. Fortunately, in the first half of the 18th century, this indicator was accurately drawn by the famous painter Antonio Canaletto (1697-1768) and his pupils, mainly Bernardo Bellotto (1722-1780), in their photographic paintings made with an optical camera obscura. It has been possible to compare the tidal level, as it was in the 1700s and today. After careful spot investigation and minor corrections for some changes to the hydrological system occurred in the meantime, the bulk submersion of Venice estimated from the paintings is 61 ± 11 cm with average yearly trend 1.9 mm y−1

Does accounting treatment of share-based payments impact performance measures for banks?

This paper identifies, evaluates and analyses the resulting impact of mandatory expensing of share‐based compensation (SBC) under IFRS2/FASB123R on a set of widely used performance measures in the EU and US banking industry. The paper shows that the accounting treatment of SBC schemes, following the mandatory adoption of IFRS2/FAS123R, has a statistically significant negative impact on the selected performance measures over the period 2004–11. The impact also seems to be material, yet modest, for US banks and only for large and high‐growth EU banks, indicating that earlier public concerns and criticisms of the implementation of IFRS2/FAS123R are largely unsubstantiated. The findings also show that banks continue to use SBC, but there is a reduction, albeit insignificant, in the recognised SBC expense over the period 2009–11. That is, earlier public concerns that firms would curtail employing SBC in their employees’ compensation schemes to avoid the effect of SBC expense recognition on their financial ratios came to light after the first option life‐cycle in the post‐adoption period was over. The findings also show a marked movement towards using cash‐settled‐based payments, possibly due to their manipulative accounting treatment, a potentially interesting issue for related accounting research and accounting standard setters

Maternal exposure to air pollution before and during pregnancy related to changes in newborn's cord blood lymphocyte subpopulations. The EDEN study cohort

<p>Abstract</p> <p>Background</p> <p>Toxicants can cross the placenta and expose the developing fetus to chemical contamination leading to possible adverse health effects, by potentially inducing alterations in immune competence. Our aim was to investigate the impacts of maternal exposure to air pollution before and during pregnancy on newborn's immune system.</p> <p>Methods</p> <p>Exposure to background particulate matter less than 10 μm in diameter (PM₁₀) and nitrogen dioxide (NO₂) was assessed in 370 women three months before and during pregnancy using monitoring stations. Personal exposure to four volatile organic compounds (VOCs) was measured in a subsample of 56 non-smoking women with a diffusive air sampler during the second trimester of pregnancy. Cord blood was analyzed at birth by multi-parameter flow cytometry to determine lymphocyte subsets.</p> <p>Results</p> <p>Among other immunophenotypic changes in cord blood, decreases in the CD4+CD25+ T-cell percentage of 0.82% (p = 0.01), 0.71% (p = 0.04), 0.88% (p = 0.02), and 0.59% (p = 0.04) for a 10 μg/m³increase in PM₁₀levels three months before and during the first, second and third trimester of pregnancy, respectively, were observed after adjusting for confounders. A similar decrease in CD4+CD25+ T-cell percentage was observed in association with personal exposure to benzene. A similar trend was observed between NO₂exposure and CD4+CD25+ T-cell percentage; however the association was stronger between NO₂exposure and an increased percentage of CD8+ T-cells.</p> <p>Conclusions</p> <p>These data suggest that maternal exposure to air pollution before and during pregnancy may alter the immune competence in offspring thus increasing the child's risk of developing health conditions later in life, including asthma and allergies.</p

Benzene exposure assessment at indoor, outdoor and personal levels The french contribution to the life MACBETH programme

International audienceMany VOC represent hazards to human health through chronic exposure. Recent European and world-wide legislation proposes limit values for ambient concentrations of these compounds. However, very little experimental data exists for true population exposure. In 1996, the European MACBETH initiative set out to measure population exposure to benzene in six European cities. This study details the French contribution to this program. Six campaigns were carried out, each comprising measurements at 100 outdoor sites and the participation of 50 non-smoking volunteers who wore personal samplers and had passive monitors installed in their homes. Iso-concentration maps were drawn for each campaign and the results showed that outdoor concentrations were significantly lower than indoors. Almost 75% of the volunteers were exposed to mean concentrations higher than the limit value of 5 mu gm(-3). It is demonstrated that personal exposure levels cannot be deduced simply by combining indoor and outdoor background concentrations. It is also shown that there is need for better knowledge of the contributions to overall exposure of outdoor microenvironments and the authors hope that future European directives will take this into accoun

Atmospheric volatile organic compounds monitoring Ozone induced artefact formation

International audienceAssessment of population exposure to VOC in ambient atmospheres is receiving heightened interest as the adverse health effects of chronic exposure to certain of these compounds are identified. Active (pumped) and passive samplers are the most commonly used devices for this type of monitoring. It has been shown, however, that these devices, along with all other preconcentration techniques, are susceptible to ozone interference. It is demonstrated that this interference occurs even at low ozone concentrations and that it may result in the under-estimation of population exposure. A convenient and effective ozone scrubbing method is identified and successfully applied and validated for both active and passive samplers for a range of VO

Ambient volatile organic compound monitoring by diffusive sampling Compatibility of high uptake rate samplers with thermal desorption

International audienceField and laboratory validation studies mere carried out on a novel, high uptake rate, radial diffusive sampler loaded with Carbotrap, a thermally desorbable adsorbent, For field experiments parallel techniques mere employed for comparison, The goal was to assess the compatibility of the device for subsequent thermal desorption and preconcentration of the sample for analysis, Some unexpected results were obtained especially for benzene, where it was observed that, under certain conditions the longer the device was exposed to an atmosphere, the less sample was collected, A possible explanation for these results is put forward by applying knowledge previously acquired on saturation and competitivity effects, An alteration to the sampler geometry is proposed which, through further laboratory and field work, is shown to overcome this problem

Outsourcing and its implications for market success : negative curvilinearity, firm resources, and competition

Over the past few decades, outsourcing has become a widely discussed and researched means for firms to change their performance. In this article, we attempt to link outsourcing to the market success of firms, specifically their market share. We argue that although firms may be able to increase their market share through outsourcing, this is only true up to a point, beyond which market share actually decreases as a consequence of further outsourcing. There is, in other words, a negatively curvilinear (inverted U) relationship between outsourcing and market share. We also hypothesize that the outsourcing–market share relationship is moderated negatively by both the strength of firm resources and the extent of competition in a firm‘s market. We empirically confirm these arguments through a panel data analysis containing over 19,000 observations on manufacturing firms, and offer some case examples to illustrate the mechanisms driving these results. We discuss implications for marketing research and practice