Using the Boundary Conditions of Sunspots as a Technique for Monitoring Solar Luminosity Variations

Recent satellite observations of the solar total irradiance confirm that it is varying at least on the 11 year time scale. Both blocking by sunspots and re-emission by faculae are components in this variation, but changes in the temperature of the solar photosphere may also be a contributing component. The satellite observations are as yet of insufficient length to answer the question of whether the sun is varying in luminosity on time scales longer than the 11 year sunspot cycle. Examined here are proxy methods of re-constructing these longer term luminosity variations, with an examination of secular changes in sunspot structure as one tool. Solar rotation changes and solar diameter changes are other parameters which may reveal information about solar luminosity variations. All three variables give remarkably similar conclusions. Over the last century the Earth's surface temperatures and the structure of sunspots have varied in a parallel manner. It is hypothesized that sunspots have varied in a convective medium which itself is varying over long time periods. These variations in convective strength alter the boundary conditions on sunspots and hence cause their structure to vary. Simultaneous with the variations in convective strength, the solar luminosity will vary as well. This, in turn, leads to changes in the climate of the Earth. Variations in solar diameter and solar rotation support the hypothesis that solar luminosity has varied over the last century and reached a peak around 1925 to 1935. This evidence is reviewed along with a possible model of why sunspot structure may provide a good proxy measure of solar luminosity changes

Spectropolarimetry of Core-Collapse Supernovae

We briefly review the young field of spectropolarimetry of core-collapse supernovae (SNe). Spectropolarimetry provides the only direct known probe of early-time supernova (SN) geometry. The fundamental result is that asphericity is a ubiquitous feature of young core-collapse SNe. However, the nature and degree of the asphericity vary considerably. The best predictor of core-collapse SN polarization seems to be the mass of the hydrogen envelope that is intact at the time of the explosion: those SNe that arise from progenitors with large, intact envelopes (e.g., Type II-plateau) have very low polarization, while those that result from progenitors that have lost part (SN IIb, SN IIn) or all (SN Ib) of their hydrogen (or even helium; SN Ic) layers prior to the explosion tend to show substantial polarization. Thus, the deeper we probe into core-collapse events, the greater the asphericity seems to be, suggesting a fundamentally asymmetric explosion with the asymmetry damped by the addition of envelope material.Comment: Invited review at Supernovae as Cosmological Lighthouses, 16-19 June, Padua, IT. 6 page

An Alternative Derivation of the Nimbus 7 Total Solar Irradiance Variations

Nimbus 7 solar irradiance values have been made available to the scientific community through the open literature (e.g., Hickey et al., 1988) and through NASA data centers. A comparison of these measurements to the Solar Maximum Mission/Active Cavity Radiometer Irradiance Monitor (SSM/ACRIM) time series indicated differences which might be caused in part by the method of converting the Nimbus 7 raw data counts to solar irradiance values. In an effort to see if the derivation of the solar irradiance could be improved, the raw counts were extracted from the tapes and analyzed to see how a new algorithm could be constructed. The basic form of the calibration remains the same as in the previous solar irradiance derivations. However, the input values to the equation differ from what was used before. In particular, improved values of the Earth-sun distance are incorporated and new temperature sensitivities were derived. Several problems with the instrument were uncovered which previously had not been noticed. The sun did not appear to cross the center of field of the radiometer but was systematically off by 1.5 to 2.5 degrees. The analog to digital convertor changed its properties in July 1980. The gain of the electronics apparently increased by 0.03 percent in September 1987. Applying these and other changes in the processing, the day to day variations appear much more like the SMM observations. In fact, the Nimbus 7 observations are sufficiently stable that a problem with the SSM observations in the spin mode period of 1981 to 1984 can be detected when the two time series are compared

Georgia's Immigrants: Past, Present, and Future

This report uses data from the most recent decennial censuses to analyze and assess the composition and experience ofimmigrants to Georgia, with special attention paid to the Atlanta metropolitan area, where the majority of the immigrants have settled. FRC Report 17

The Reaction of Stock Prices to Unanticipated Changes in Money

This paper investigates the short-run effect of unexpected changes in the weekly money stock on common stock prices. Survey data on money market participants' forecasts of money changes are employed to construct the measure of unanticipated movements in the money stock. The results indicate that an unexpected increase in money depresses stock prices and, consistent with the efficient markets hypothesis, only the unexpected part of the weekly money announcement causes stock price fluctuations. The October 1979 change in Federal Reserve operating procedures appears to have made stock prices somewhat more sensitive to large money surprises.

Firm Characteristics, Unanticipated Inflation, and Stock Returns

This paper re-examines the effects of nominal contracts on the relationship between unanticipated inflation and individual stock's rate of return. This study differs in three main ways from previous research. First, announced inflation data are used to examine the effects of unanticipated inflation. Second, a different specification is used to obtain more efficient estimates. Third, additional nominal contracts are considered. The empirical results indicate that time-varying firm characteristics related to inflation predominately determine the effect of unanticipated inflation on a stock's rate of return. A firm's debt-equity ratio appears to be particularly important in determining the response.