The Canela Diaries: Their Nature, Uses, and Future

In 1966, three Canela Indians of Brazil started writing diaries about their lives and tribal events for me. Since then, I have collected about 150,000 manuscript pages and 2,000 hours on tape. About twenty-two diarists have contributed through the years, though never more than twelve at once. The Canela diary program grew out of my predilection for a personal approach to field work as well as my preference for qualitative over quantitative research methods. Excerpts from the diaries are included, one set to provide different points of view about a murder and others to show how I have used diarists\u27 statements to supplement points made in my publications. I have requested, on occasion, that the diarists respond to specific questions in their next months\u27 diaries. One such request was that they comment on the diary program. Some of their thoughts are included. Procedures for collecting these materials are described, principles for encouraging the diarists are discussed, and ethics for managing such a program are debated. A principal purpose of the article is to inform colleagues and other interested people of the existence and nature of the collection to interest them in using it. Em 1964, três índios Canelas começaram a escrever para mim manuscritos sobre suas vidas e sobre os acontecimentos tribais. Desdc então já recebi deles umas 150.000 páginas escritas e 2.000 horas em fita. Cerca de vinte-dois Canelas tem contribuído com seus diários ao longo destes anos, porem nunca mais de doze ao mesmo tempo. O programa de diáarios Canelas cresceu além do que esperavam minha predileção por uma abordagem pessoal de pesquisa de campo e minha preferência pelos métodos de pesquisa qualitativos sobre os quantitadvos. Extratos dos diários estão incluídos. Um certo número deles oferece pontos de vista diferentes sobre um assassinate. Outros extratos mostram como usei as palavras dos autores dos diários para suplementar meus pontos de vista apresentados nas minhas publicações. Tenho-lhes pedido as informações de que preciso fazendo-lhes perguntas a serem respondidas nos seus diários dos meses seguintes. Um pedido foi para comentarem o próprio programa dos diários. Inclui alguns de seus pensamentos. Os procedimentos para coletar este material estão expostos, os princípios para encorajar os autores de diários estão discutidos, e a ética para gerenciar um programa deste tipo está debatida. O propósito principal deste artigo é informar colegas e outras pessoas interessadas da existência e da natureza desta coleção para motivá-los a usá-la. [Translation thanks to Júlio César Melatti

HOTVal Toolkit

**************************************************************************** Scroll down to Additional Files to access the HOTVal Toolkit. **************************************************************************** HOTVal is a hotel valuation spreadsheet based on a regression model discussed in the Center for Real Estate and Finance at Cornell called Cornell Hotel Indices: Second Quarter 2012: The Trend is Our Friend by Crocker H. Liu, Adam D. Nowak, and Robert M. White, Jr. The model which will be continually updated, provides a rough estimation of the value of a hotel property once the user inputs information on whether the hotel is a large or small hotel, the year and quarter of the valuation, the state where the property is located, the number of rooms, the number of floors, the land area of the hotel property, the actual age of the hotel and whether the hotel is located in a Gateway city. For the first three inputs as well as the last input, if the user clicks on a cell highlighted in yellow, a pull down menu will appear to expedite inputting. The model is provided as a free public service by The Center for Real Estate and Finance at the School of Hotel Administration at Cornell University to academics and practitioners on an as-is, best-effort basis with no warranties or claims regarding its usefulness or implications. The estimates should be considered preliminary and subject to revision. *This January 2020 version updates the previous Hotel Valuation model, originally published in 2012, and provides valuation estimates up to and including the fourth quarter of 2019

Canela Shamanism: Shamans’ Accounts, “Journeying,” and Delimitation of Shamanic Terms

In this article I recount the stories of various shamans I have worked with throughout many decades of fieldwork among the Ramkokamekra-Canela (Eastern Timbira) of central Maranhão state, Brazil. Along with their narratives, I provide ethnographic context in order to address the following questions: (1) Who is a shaman? (2) What is shamanism? Is shamanism better understood (3) as a process or a method that is carried out to achieve certain ends, or is it better understood (4) as a particular set of beliefs associated with particular cultures? Additionally, (5) are altered or shamanic states of consciousness found in Canela shamanism, and (6) are they brought about by certain practices? I do not attempt to answer questions regarding shamanism’s efficacy, that is, how/whether it works

Capitol Street at Night, Looking East, Jackson Mississippi

This color postcard features a view of a well lit street at night. Neon signs on the buildings read Kress , W. Woolworth Co. , Wards , Hotel Waltham , Hotel , Paramount , and Busch. A no parking sign is in the lower right corner of the image. Mid-century cards are parked on the sides of the street. The back of the postcard identifies the image as Capitol Street at Night, Jackson Mississippi. Looking East, along Capitol Street and provides publisher, photographer, and printer information as well as indication for postage stamp placement. Several iconic southern images such as the Biloxi Lighthouse, steamboats, and a couple dressed in antebellum clothing line the left corner edges. The logo for A Deep South Card is in the top center.https://scholarsjunction.msstate.edu/mss-lampton-images-ms-capitol/1027/thumbnail.jp

SN1991bg-like supernovae are a compelling source of most Galactic antimatter

The Milky Way Galaxy glows with the soft gamma ray emission resulting from the annihilation of $\sim 5 \times 10^{43}$ electron-positron pairs every second. The origin of this vast quantity of antimatter and the peculiar morphology of the 511keV gamma ray line resulting from this annihilation have been the subject of debate for almost half a century. Most obvious positron sources are associated with star forming regions and cannot explain the rate of positron annihilation in the Galactic bulge, which last saw star formation some $10\,\mathrm{Gyr}$ ago, or else violate stringent constraints on the positron injection energy. Radioactive decay of elements formed in core collapse supernovae (CCSNe) and normal Type Ia supernovae (SNe Ia) could supply positrons matching the injection energy constraints but the distribution of such potential sources does not replicate the required morphology. We show that a single class of peculiar thermonuclear supernova - SN1991bg-like supernovae (SNe 91bg) - can supply the number and distribution of positrons we see annihilating in the Galaxy through the decay of $^{44}$Ti synthesised in these events. Such $^{44}$Ti production simultaneously addresses the observed abundance of $^{44}$Ca, the $^{44}$Ti decay product, in solar system material.Comment: Accepted for publication in Proceedings of IAU Symposium 322: The Multimessenger Astrophysics of the Galactic Center 4 page

The Predictability of Returns on Equity REITs and Their Co-Movement with Other Assets

Recent evidence suggests that the variation in the expected excess returns is predictable and arises from changes in business conditions. Using a multifactor latent variable model with time-varying risk premiums, we decompose excess returns into expected and unexpected excess returns to examine what determines movements in expected excess returns for equity REITs are more predictable than all other assets examined, due in part to cap rates which contain useful information about the general risk condition in the economy. We also find that the conditional risk premiums (expected excess returns) on EREITs move very closely with those of small cap stocks and much less with those of bonds

Insider Trading as a Signal of Private Information

There is substantial evidence that insider trading is present around corporate announcements and that this insider trading is motivated by private information. Using real estate investment trusts that choose to reappraise themselves as our sample, we establish that the appraisals contain information, but find no market response to the public announcement of this information in these appraisals. We consider two possible explanations for this inconsistency: the first that the appraisal information is not highlighted in earnings reports and hence remains unobserved; and the second that insiders trade on the appraisal information in the time that elapses between the appraisal and its public announcement We find strong support for the second hypothesis, with insiders buying (selling) after they receive favorable (unfavorable) appraisal news, especially for negative appraisals. We also find that positive (negative) appraisals and net insider buying (selling) elicit significant positive (negative) abnormal returns during the appraisal period

The Predictability of Real Estate Returns and Market Timing

Recent evidence suggests that all asset returns are predictable to some extent with excess returns on real estate relatively easier to forecast. This raises the issue of whether we can successfully exploit this level of predictability using various market timing strategies to realize superior performance over a buy-and-hold strategy. We find that the level of predictability associated with real estate leads to moderate success in market timing, although this is not necessarily the case for the other asset classes examined in general. Besides this, real estate stocks typically have higher trading profits and higher mean risk-adjusted excess returns when compared to small stocks as well as large stocks and bonds even though most real estate stocks are small stocks

Interactions with Frontiers of Financial Economic — A Research Agenda for Real Estate Finance

[Excerpt] Recent years have seen the emergence of substantial scholarly research in real estate finance that uses the methodology and paradigms at the frontiers of financial economics. Agency theory, search theory, and signaling have appeared in several models of real estate finance (see, for example, Damodaran, John, and Liu, 1998; Damodaran and Liu, 1993; Williams, 1993a, 1993b, 1995, 1998). Continuous time-valuation models of financial options, real options, and fixed-income securities and term structure models have also been applied in a number of papers on the pricing of mortgage-backed securities with and without sophisticated prepayment structures (for example, see Dunn and Spatt, 1985, 1986; Grenadier, 1995, 1996; John, Liu, and Radhakrishnan, 1997; Stanton and Wallace, 1998; Williams, 1993a, 1993b, 1997). Paradigms of securitization and optimal design of securities and organizational forms have also made their appearance in recent real estate research (see, for example, DeMarzo and Duffie, 1998; DeMarzo, 1998; Shiller andWeiss, 1998; Damodaran, John, and Liu, 1997). The objective of this special issue is to showcase some of this research in real estate and explore additional paradigms in financial economics that would provide the framework for interesting and innovative real estate research