Quantifying the Effects on Lending of Increased Capital Requirements

Examines how higher capital requirements, as part of financial reform, would affect loan volumes, costs, and interest rates, as well as the ability of the U.S. banking industry to raise new equity. Analyzes case scenarios of how banks would respond

On the importance of the plumber : the intersection of theory and practice in policymaking for federal financial institutions

The federal government's role as lender and insurer is very important, with over $1.4 trillion of loans and guarantees and at least$7 trillion of insured risk. Tens of millions of Americans benefit from housing loans, student loans, flood insurance, etc. Yet the federal financial institutions established to run these activities are often created almost as an afterthought, with little focus on their structure. This paper emphasizes the crucial importance of ending this neglect and recognizing how proper structure can help avoid major failures, such as the current problems at the Pension Benefit Guaranty Corporation, and enhance successes. The author also challenges the economics profession to provide more guidance on a range of specific analytical issues with real-world implications, because economists have often failed to extend analyses derived from the private sector into useful formulations for public sector practitioners.Bank supervision ; Financial institutions

Modeling Potential Energy of the Gaussian Gun

The Gaussian gun is an arrangement of magnets and ball bearings (pictured in Fig. 1) such that—when the leftmost ball is released—the rightmost ball is ejected at high speeds. The device has been described in several articles on energy education. The sudden appearance of kinetic energy offers a productive context for considering a range of challenging ideas: the often-counterintuitive relationship between force and potential energy, the escape velocity for attractive forces, why energy is required to break bonds, and why energy is released when bonds form. Beyond these ideas, it is also useful for motivating the representation of a potential well and bound states for both quantum mechanics and chemistry

Reductions in the dietary niche of southern sea otters (Enhydra lutris nereis) from the Holocene to the Anthropocene.

The sea otter (Enhydra lutris) is a marine mammal hunted to near extinction during the 1800s. Despite their well-known modern importance as a keystone species, we know little about historical sea otter ecology. Here, we characterize the ecological niche of ancient southern sea otters (E. lutris nereis) using δ13C analysis and δ15N analysis of bones recovered from archaeological sites spanning ~7,000 to 350 years before present (N = 112 individuals) at five regions along the coast of California. These data are compared with previously published data on modern animals (N = 165) and potential modern prey items. In addition, we analyze the δ15N of individual amino acids for 23 individuals to test for differences in sea otter trophic ecology through time. After correcting for tissue-specific and temporal isotopic effects, we employ nonparametric statistics and Bayesian niche models to quantify differences among ancient and modern animals. We find ancient otters occupied a larger isotopic niche than nearly all modern localities; likely reflecting broader habitat and prey use in prefur trade populations. In addition, ancient sea otters at the most southerly sites occupied an isotopic niche that was more than twice as large as ancient otters from northerly regions. This likely reflects greater invertebrate prey diversity in southern California relative to northern California. Thus, we suggest the potential dietary niche of sea otters in southern California could be larger than in central and northern California. At two sites, Año Nuevo and Monterey Bay, ancient otters had significantly higher δ15N values than modern populations. Amino acid δ15N data indicated this resulted from shifting baseline isotope values, rather than a change in sea otter trophic ecology. Our results help in better understanding the contemporary ecological role of sea otters and exemplify the strength of combing zooarchaeological and biological information to provide baseline data for conservation efforts

Alcohol Consumption, Alcohol Outlets, and the Risk of Being Assaulted With a Gun

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/65835/1/j.1530-0277.2009.00912.x.pd

A comparison of AC and HVDC options for the connection of offshore wind generation in Great Britain

This paper presents a comparison of two forms of cable connection of a distant offshore wind farm to a transmission system: AC and HVDC. The requirements of relevant industry standards in Great Britain (GB) that drive a connection design and, hence, its cost are highlighted along with an analysis of the ways in which AC cable connections might be made to comply while facilitating export of active power. Dynamic studies investigating responses to grid-side short circuit faults show that, in the particular scenarios studied, an AC connection of a wind farm in the place of a large synchronous generator is marginally detrimental while an HVDC connection is beneficial. A comparison of costs shows that the cross-over distance at which HVDC is cheaper than AC for wind farms of different sizes occurs at longer distances than have hitherto commonly been assumed, and AC connections benefit from reactive compensation not only at the point of common coupling and wind farm end but also at the connection mid-point

Methodological Framework for Analysis of Buildings-Related Programs with BEAMS, 2008

The U.S. Department of Energy’s (DOE’s) Office of Energy Efficiency and Renewable Energy (EERE) develops official “benefits estimates” for each of its major programs using its Planning, Analysis, and Evaluation (PAE) Team. PAE conducts an annual integrated modeling and analysis effort to produce estimates of the energy, environmental, and financial benefits expected from EERE’s budget request. These estimates are part of EERE’s budget request and are also used in the formulation of EERE’s performance measures. Two of EERE’s major programs are the Building Technologies Program (BT) and the Weatherization and Intergovernmental Program (WIP). Pacific Northwest National Laboratory (PNNL) supports PAE by developing the program characterizations and other market information necessary to provide input to the EERE integrated modeling analysis as part of PAE’s Portfolio Decision Support (PDS) effort. Additionally, PNNL also supports BT by providing line-item estimates for the Program’s internal use. PNNL uses three modeling approaches to perform these analyses. This report documents the approach and methodology used to estimate future energy, environmental, and financial benefits using one of those methods: the Building Energy Analysis and Modeling System (BEAMS). BEAMS is a PC-based accounting model that was built in Visual Basic by PNNL specifically for estimating the benefits of buildings-related projects. It allows various types of projects to be characterized including whole-building, envelope, lighting, and equipment projects. This document contains an overview section that describes the estimation process and the models used to estimate energy savings. The body of the document describes the algorithms used within the BEAMS software. This document serves both as stand-alone documentation for BEAMS, and also as a supplemental update of a previous document, Methodological Framework for Analysis of Buildings-Related Programs: The GPRA Metrics Effort, (Elliott et al. 2004b). The areas most changed since the publication of that previous document are those discussing the calculation of lighting and HVAC interactive effects (for both lighting and envelope/whole-building projects). This report does not attempt to convey inputs to BEAMS or the methodology of their derivation

A New Matrix Model for Noncommutative Field Theory

We describe a new regularization of quantum field theory on the noncommutative torus by means of one-dimensional matrix models. The construction is based on the Elliott-Evans inductive limit decomposition of the noncommutative torus algebra. The matrix trajectories are obtained via the expansion of fields in a basis of new noncommutative solitons described by projections and partial isometries. The matrix quantum mechanics are compared with the usual zero-dimensional matrix model regularizations and some applications are sketched.Comment: 14 pages, 2 figure

T. brucei cathepsin-L increases arrhythmogenic sarcoplasmic reticulum-mediated calcium release in rat cardiomyocytes

Aims: African trypanosomiasis, caused by Trypanosoma brucei species, leads to both neurological and cardiac dysfunction and can be fatal if untreated. While the neurological-related pathogenesis is well studied, the cardiac pathogenesis remains unknown. The current study exposed isolated ventricular cardiomyocytes and adult rat hearts to T. brucei to test whether trypanosomes can alter cardiac function independent of a systemic inflammatory/immune response. Methods and results: Using confocal imaging, T. brucei and T. brucei culture media (supernatant) caused an increased frequency of arrhythmogenic spontaneous diastolic sarcoplasmic reticulum (SR)-mediated Ca2+ release (Ca2+ waves) in isolated adult rat ventricular cardiomyocytes. Studies utilising inhibitors, recombinant protein and RNAi all demonstrated that this altered SR function was due to T. brucei cathepsin-L (TbCatL). Separate experiments revealed that TbCatL induced a 10–15% increase of SERCA activity but reduced SR Ca2+ content, suggesting a concomitant increased SR-mediated Ca2+ leak. This conclusion was supported by data demonstrating that TbCatL increased Ca2+ wave frequency. These effects were abolished by autocamtide-2-related inhibitory peptide, highlighting a role for CaMKII in the TbCatL action on SR function. Isolated Langendorff perfused whole heart experiments confirmed that supernatant caused an increased number of arrhythmic events. Conclusion: These data demonstrate for the first time that African trypanosomes alter cardiac function independent of a systemic immune response, via a mechanism involving extracellular cathepsin-L-mediated changes in SR function

Analyzing the Life Cycle Energy Savings of DOE Supported Buildings Technologies

This report examines the factors that would potentially help determine an appropriate analytical timeframe for measuring the U.S. Department of Energy's Building Technology (BT) benefits and presents a summary-level analysis of the life cycle savings for BT’s Commercial Buildings Integration (CBI) R&D program. The energy savings for three hypothetical building designs are projected over a 100-year period using Building Energy Analysis and Modeling System (BEAMS) to illustrate the resulting energy and carbon savings associated with the hypothetical aging buildings. The report identifies the tasks required to develop a long-term analytical and modeling framework, and discusses the potential analytical gains and losses by extending an analysis into the “long-term.