Common Short Selling and Excess Comovement

We show that common short sold capital can explain future four-factor excess return correlation one month ahead, controlling for many pair characteristics, including similarities in size, book-to-market, and momentum. We explore the possible explanations that could give rise to this result. Contrary to the predictions of price pressure, we find that the relationship weakens significantly with stock illiquidity. Instead, consistent with the informed trading hypothesis, the relationship is stronger when short positions originate from hedge funds, from active investors, and from short sellers with high past performance. Stocks connected by common short sellers are associated with non-transitory negative cumulative abnormal returns. Finally, we show that our results can be used to obtain diversifications benefits

New Experimental Constraints on Non-Newtonian Forces below 100 microns

We have searched for large deviations from Newtonian gravity by means of a microcantilever-based Cavendish-style experiment. Our data eliminate from consideration mechanisms of deviation that posit strengths ~10^4 times Newtonian gravity at length scales of 20 microns. This measurement is 3 orders of magnitude more sensitive than others that provide constraints at similar length scales.Comment: 4 pages, 4 figure

BILATERAL RENAL ARTERY STENOSIS IN A HYPERTENSIVE LUPUS PATIENT WITHOUT RENAL DYSFUNCTION: A CASE REPORT

Systemic lupus erythematosus (SLE) is associated with a high prevalence of atherosclero-sis and an enhanced cardiovascular mortality. In adult subjects, several studies have shown the coexistence of SLE and renal artery stenosis, most of them with unilateral in-volvement or with renal dysfunction. We observed a 62-year-old man with SLE and a 10-year history of moderate-to-severe hy-pertension who was admitted to our hospital because of uncontrolled blood pressure val-ues (152/95 mmHg), despite drug therapy. No signs of renal impairment were evident. After an initial physical examination, which presented a periumbilical bruit, a renal ultra-sound was performed with evidence of bilateral renal artery stenosis. An angio-MR study also confirmed the diagnosis and showed a double renal artery on the right side. Many different factors can contribute to the bilateral renal artery stenosis in this patient. Chronic inflammatory state associated to SLE, metabolic alterations with dyslipidemia and steroid therapy may all be involved in the development of the renal atherosclerotic le-sions

L’ATTIVITÀ DELL’ORTO BOTANICO DI PALERMO E DELLE STRUTTURE COLLEGATE PER LA CONSERVAZIONE DEGLI ANTICHI FRUTTIFERI DELLA SICILIA

B6 = L’ATTIVITÀ DELL’ORTO BOTANICO DI PALERMO E DELLE STRUTTURE COLLEGATE PER LA CONSERVAZIONE DEGLI ANTICHI FRUTTIFERI DELLA SICILIA P. MARINO1, M. GERACI2, D. CRISÀ2, F. M. RAIMONDO1, R. SCHICCHI1 1Dipartimento di Biologia ambientale e Biodiversità dell’Università, Via Archirafi, 38 - 90123 Palermo. [email protected] 2Ente Parco dei Nebrodi, Piazza Duomo – 98076 Sant’Agata di Militello, Messina L’attività di individuazione, valutazione e raccolta del germoplasma delle specie arboree da frutto di prevalente interesse negli agrosistemi tradizionali della Sicilia, iniziata nel 2005 (Schicchi et al., 2008a; Schicchi et al., 2008b) si protrae ancora oggi attraverso azioni volte alla conservazione ed alla diffusione delle risorse genetiche vegetali a rischio di erosione, tramite l’adesione ad iniziative a carattere pubblico previste dal PSR Sicilia 2007/2013 Reg. CE 1698/2005 Misura 214/2 - Azione A: Preservazione della biodiversità. Al riguardo, l’Orto botanico di Palermo ha promosso tre progetti attivando collaborazioni con Enti di ricerca, Enti locali e territoriali. L’attività, finalizzata alla costituzione di un network regionale per la conservazione e diffusione della biodiversità degli antichi fruttiferi, si articola in più fasi: a) individuazione, raccolta e caratterizzazione di ecotipi e varietà; b) realizzazione di centri, ex situ, per la conservazione, caratterizzazione, propagazione e utilizzazione del germoplasma agrario, in vivo e in vitro; c) allestimento dei campi collezione; d) realizzazione di centri per la produzione di piante madri; e) attività di diffusione sul territorio; f) predisposizione e implementazione di reti e azioni di accompagnamento. Per il raggiungimento dei suddetti obiettivi sono stati presentati e ammessi a finanziamento tre progetti. Il primo progetto (CenBioS), attivato dal Dipartimento di Biologia ambientale e Biodiversità dell’Università di Palermo, prende in considerazione il germoplasma del ciliegio (Prunus avium L.), melo (Malus domestica Bork.), pero (Pyrus communis L.) e fico (Ficus carica L.) a rischio di erosione genetica, di cui si propone la conservazione nell’ambito di due distinti campi collezione e la realizzazione di un campo di piante madri da realizzare rispettivamente a Montagnareale (Messina) e Cammarata (Agrigento). Il secondo progetto (MadBioS), di cui è soggetto proponente il Consorzio Universitario della Provincia di Palermo, prevede la realizzazione di tre distinti campi collezione. Il primo, nell’agro di Pollina (Palermo), ospiterà il germoplasma delle antiche cultivar di frassini da manna afferenti a Fraxinus angustifolia Vahl e Fraxinus ornus L.; il secondo, nel territorio di Isnello, ospiterà le cultivar locali di pero e melo; il terzo, da realizzare presso l’azienda dell’Istituto Professionale per l’Agricoltura e l’Ambiente di Castelbuono (Palermo), riguarda diverse cultivar di albicocco (Prunus armeniaca L.), pesco [Prunus persica (L.) Batsch] e susino (Prunus domestica L.) presenti nell’area delle Madonie. Il terzo progetto, di cui è capofila l’Ente Parco dei Nebrodi, prevede l’implementazione dell’attuale “Banca vivente del germoplasma vegetale dei Nebrodi” attraverso l’allestimento e il potenziamento di campi collezione e di piante madri nella sede di Ucria (Messina) e presso l’Istituto Professionale per l’Agricoltura e l’Ambiente di Caronia (Messina). Tali campi ospiteranno le cultivar tradizionali e antiche dell’area nebroidea di melo, albicocco, pesco, susino e pero. Nel complesso, oltre all’accertamento della corrispondenza varietale e delle condizioni fitosanitarie di oltre 150 etnovarietà, è prevista la caratterizzazione pomologica e genetica e la propagazione delle stesse nel territorio regionale, nell’ambito delle aziende agricole che aderiscono alla Misura 214/2 az. B del PSR. Schicchi R., Marino P. & Raimondo F.M., 2008. Individuazione, valutazione e raccolta del germoplasma delle specie arboree da frutto di prevalente interesse negli agrosistemi tradizionali della Sicilia. Collana Sicilia Foreste, Palermo. Schicchi R., Marino P., Saporito L., Di Noto G. & Raimondo F.M., 2008. Catalogo pomologico degli Antichi fruttiferi di Sicilia. Università di Palermo, Dip. Scienze Botaniche, Palermo

Evaluation of the Economic Performance of Coastal Trawling off the Southern Coast of Sicily (Central Mediterranean Sea)

The economic performances of four trawling fleets (those of the Sicilian cities of Trapani, Sciacca, Licata and Porto Palo di Capo Passero) operating in the coastal waters along the southern coast of Sicily (geographical Subarea 16), and potentially affected by the establishment of the Fisheries Restricted Areas (FRAs), were analysed. The main economic performance results (revenues, costs and profits) of 37 trawlers were calculated prior to the implementation of FRAs and compared with those estimated by the spatial bio-economic model SMART after the FRAs’ establishment. Results showed that the fleets of Sciacca and Licata, located in the central part of the southern Sicilian coast, had a short-term reduction of profits as a result of the implementation of the FRAs; conversely, a short-term increase in the economic performances of Trapani and Porto Palo di Capo Passero fleets was expected. Although the FRAs represent a good tool for rebuilding overexploited stocks, the different socio-economic impacts of the single fleets should be assessed before adopting them and the implementation of specific compensative measures should be planned for the impacted fleet until a more productive state of the stock is reached

Assessing Cephalopods Fisheries in the Strait of Sicily by Using Poor Data Modeling

Cephalopods, including octopuses, squids, and cuttlefishes, are exploited by both bottom trawl and small-scale fisheries (SSF) in most of the Mediterranean areas. Bottom trawl fisheries regard cephalopods as a valuable bycatch, whereas for SSF, they are among the main target species. Cephalopods account for a relatively small proportion of the total landings in the Mediterranean. However, from an economic point of view, four cephalopods, Eledone cirrhosa, Eledone moschata, Octopus vulgaris, and Sepia officinalis, account for approximately 15% of the total landing value. Despite their economic importance, there are very few stock assessments of cephalopods in the Mediterranean because it is difficult to assess them by classical age-based methods, given their short life-cycles, and highly variable growth and recruitment. The production of E. cirrhosa, E. moschata, Illex coindettii, Loligo vulgaris, O. vulgaris, S. officinalis, and Todaropsis eblanae in the waters off the south of Sicily accounts for approximately 8% of the total Mediterranean yield of cephalopods. This study presents the first attempt to assess the state of these cephalopods in the Strait of Sicily by using surplus production models. Since species-wise landing statistics may be unreliable because of their morphological similarity, some octopuses (E. cirrhosa and E. moschata) and ommastrephid squids (I. coindetii and T. eblanae) were assessed combined. Landing data and abundance indices from trawl surveys were used to describe cephalopod stock dynamics through the Bayesian State Space Schaefer model (BSM) and Surplus Production model in Continuous Time (SPiCT) models. As survey data were not considered reliable indicators of their abundance, O. vulgaris, S. officinalis, and L. vulgaris stocks were assessed using the Catch-Maximum Sustainable Yield (CMSY) model. Overall, squid and cuttlefish stocks were observed to be in healthy conditions. However, assessments of octopus stocks indicated that their condition was critical or recovering. Here, we discuss the different stock statuses in the light of evolving fisheries and environmental factors in the area over time. Although cephalopods are not a priority in the current management system of Mediterranean fisheries, the importance of these species in the food web and their relevance for SSF underline their importance and their exploitation status should be periodically evaluated

Eating and feeding disorders in pediatric age

Eating and feeding disorders are common in pediatric age and may be important to discover and recover the early symptoms in order to optimize the treatment and management

Motor skills in children with primary headache: A pilot case-control study

Background: Headache is the most common painful manifestation in the developmental age, often accompanied by severe disability such as scholastic absenteeism, low quality of academic performance and compromised emotional functioning. The aim of the study is to evaluate praxic abilities in a population of children without aural migraine. Materials and methods: The test population consists of 10 subjects without migraine without aura (MwA), (8 Males) (mean age 8.40, SD ± 1.17) and 11 healthy children (7 Males) (mean age 8.27; SD ± 1.10; p = 0.800). All subjects underwent evaluation of motor coordination skills through the Battery for Children Movement Assessment (M-ABC). Results: The two groups (10 MwA vs 11 Controls) were similar for age (8.40 ± 1.17 vs 8.27 ± 1.10; p = 0.800), sex (p = 0.730), and BMI (p = 0.204). The migraine subjects show an average worse performance than the Movement ABC; specifically, migraineurs show significantly higher total score values (31.00 ± 23.65 vs 4.72 ± 2.61; p = 0.001), manual dexterity (12.10 ± 11.20 vs 2.04 ± 2.65; p = 0.009) and balance (14.85 ± 10.08 vs. 1.04 ± 1.05; p <0.001). The mean percentile of migraine performance is significantly reduced compared to controls (9.00 ± 3.82 vs 51.00 ± 24.34, p <0.001) (Table 1). Conclusion: Migraine can alter many cognitive and executive functions such as motor skills in developmental age

Neuropsychomotricity in water: A new rehabilitative tool for neruodevelop-mental disorders

Neuropsychomotricity in water is a rehabilitative practice that avails itself just of the liquid element, as a mediator of relationships: in water yes they upset all dynamics, be they relational, of equilibrium, of movement and perception, due to the fact that proprioceptive sensations, created by bodily contact with water, they are different than those generated by contact with air

The artificial retina processor for track reconstruction at the LHC crossing rate

We present results of an R&D study for a specialized processor capable of precisely reconstructing, in pixel detectors, hundreds of charged-particle tracks from high-energy collisions at 40 MHz rate. We apply a highly parallel pattern-recognition algorithm, inspired by studies of the processing of visual images by the brain as it happens in nature, and describe in detail an efficient hardware implementation in high-speed, high-bandwidth FPGA devices. This is the first detailed demonstration of reconstruction of offline-quality tracks at 40 MHz and makes the device suitable for processing Large Hadron Collider events at the full crossing frequency.Comment: 4th draft of WIT proceedings modified according to JINST referee's comments. 10 pages, 6 figures, 2 table