Can an ethical revival of prudence within prudential regulation tackle corporate psychopathy?

The view that corporate psychopathy played a significant role in causing the global financial crisis, although insightful, paints a reductionist picture of what we present as the broader issue. Our broader issue is the tendency for psychopathy, narcissism and Machiavellianism to cluster psychologically and culturally as ‘dark leadership’ within global financial institutions. Strong evidence for their co-intensification across society and in corporations ought to alarm financial regulators. We argue that an ‘ethical revival’ of prudence within prudential regulation ought to be included in any package of solutions. Referencing research on moral muteness and the role of language in framing thoughts and behaviours, we recommend that regulators define prudence in an explicitly normative sense, an approach that may be further strengthened by drawing upon a widely appealing ethic of intergenerational care. An ethical revival of prudence, we argue, would allow the core problems of greed and myopia highlighted by corporate psychopathy theory to be addressed in a politically sensitive manner which recognises the pitfalls of regulating directly against corporate psychopathy. Furthermore, it would provide a viable conceptual framework to guide regulators along the treacherous path to more intrusive cultural regulation

Exploring modality switching effects in negated sentences: further evidence for grounded representations

Theories of embodied cognition (e.g., Perceptual Symbol Systems Theory; Barsalou, 1999, 2009) suggest that modality specific simulations underlie the representation of concepts. Supporting evidence comes from modality switch costs: participants are slower to verify a property in one modality (e.g., auditory, BLENDER-loud) after verifying a property in a different modality (e.g., gustatory, CRANBERRIES-tart) compared to the same modality (e.g., LEAVES-rustling, Pecher et al., 2003). Similarly, modality switching costs lead to a modulation of the N400 effect in event-related potentials (ERPs; Collins et al., 2011; Hald et al., 2011). This effect of modality switching has also been shown to interact with the veracity of the sentence (Hald et al., 2011). The current ERP study further explores the role of modality match/mismatch on the processing of veracity as well as negation (sentences containing “not”). Our results indicate a modulation in the ERP based on modality and veracity, plus an interaction. The evidence supports the idea that modality specific simulations occur during language processing, and furthermore suggest that these simulations alter the processing of negation

Polarization switching and induced birefringence in InGaAsP multiple quantum wells at 1.5 mu m

We analyze the 1.5mum wavelength operation of a room temperature polarization switch based on electron spin dynamics in InGaAsP multiple quantum wells. An unexpected difference in response for left and right circularly polarized pump light in pump-probe measurements was discovered and determined to be caused by an excess carrier induced birefringence. Transient polarization rotation and ellipticity were measured as a function of time delay. (C) 2002 American Institute of Physics.</p

A limit to the X-ray luminosity of nearby normal galaxies

Emission is studied at luminosities lower than those for which individual discrete sources can be studied. It is shown that normal galaxies do not appear to provide the numerous low luminosity X-ray sources which could make up the 2-60 keV diffuse background. Indeed, upper limits suggest luminosities comparable with, or a little less than, that of the galaxy. This is consistent with the fact that the average optical luminosity of the sample galaxies within approximately 20 Mpc is slightly lower than that of the galaxy. An upper limit of approximately 1% of the diffuse background from such sources is derived

Heritability of testosterone levels in 12-year-old twins and its relation to pubertal development

The aim of this study was to estimate the heritability of variation in testosterone levels in 12-year-old children, and to explore the overlap in genetic and environmental influences on circulating testosterone levels and androgen dependent pubertal development. Midday salivary testosterone samples were collected on two consecutive days in a sample of 183 unselected twin pairs. Androgen induced pubertal development was assessed using self report Tanner scales of pubic hair development (boys and girls) and genital development (boys). A significant contribution of genetic effects to the variance in testosterone levels was found. Heritability was approximately 50% in both boys and girls. The remaining proportion of the variance in testosterone levels could be explained by non-shared environmental influences. The relatively high correlation between testosterone levels of opposite sex dizygotic twins suggests that sex differences in genes influencing variation in testosterone levels have not yet developed in pre- and early puberty. Variance in pubertal development was explained by a large genetic component, moderate shared environmental influences, and a small non-shared environmental effect. Testosterone levels correlated moderately (r = .31) with pubertal development; the covariance between testosterone levels and pubertal development was entirely accounted for by genetic influences

The Galactic bulge as seen in optical surveys

The bulge is a region of the Galaxy of tremendous interest for understanding galaxy formation. However measuring photometry and kinematics in it raises several inherent issues, such as severe crowding and high extinction in the visible. Using the Besancon Galaxy model and a 3D extinction map, we estimate the stellar density as a function of longitude, latitude and apparent magnitude and we deduce the possibility of reaching and measuring bulge stars with Gaia. We also present an ongoing analysis of the bulge using the Canada-France-Hawaii Telescope.Comment: In SF2A-2008: Proceedings of the Annual meeting of the French Society of Astronomy and Astrophysic

Discovery of a Spin-Down State Change in the LMC Pulsar B0540-69

We report the discovery of a large, sudden, and persistent increase in the spin-down rate of B0540-69, a young pulsar in the Large Magellanic Cloud, using observations from the Swift and RXTE satellites. The relative increase in the spin-down rate of 36% is unprecedented for B0540-69. No accompanying change in the spin rate is seen, and no change is seen in the pulsed X-ray emission from B0540-69 following the change in the spin-down rate. Such large relative changes in the spin-down rate are seen in the recently discovered class of 'intermittent pulsars', and we compare the properties of B0540-69 to such pulsars. We consider possible changes in the magnetosphere of the pulsar that could cause such a large change in the spin-down rate.Comment: 6 pages, 2 figures, accepted for publication in ApJ Letter

Gratings photowritten in ion-exchanged glass channel waveguides

Gratings are photowritten in ion-exchanged glass channel waveguides. The transmission of these waveguides shows a rejection dip of almost 20dB. The polarisation dependence of these waveguide gratings is measured and discussed