Capital markets, CDFIs, and organizational credit risk

Can Community Development Financial Institutions (CDFIs) get unlimited amounts of low cost, unsecured, short- and long-term funding from the capital markets based on their organizational credit risk? Can they get pricing, flexibility, and procedural parity with for-profit corporations of equivalent credit risk? One of the key objectives of this book is to explain the reasons why the answer to the two questions above remains “no.” The other two key objectives are to show the inner workings of what has been done to date to overcome the obstacles so that we don’t have to retrace the same steps and recommend additional disciplines that position CDFIs to take advantage of the mechanisms of the capital markets once the markets stabilize

The Apparent Constant-Phase-Element Behavior of an Ideally Polarized Blocking Electrode

Two numerical methods were used to calculate the influence of geometry-induced current and potential distributions on the impedance response of an ideally polarized disk electrode. A coherent notation is proposed for local and global impedance which accounts for global, local, local interfacial, and both global and local ohmic impedances. The local and ohmic impedances are shown to provide insight into the frequency dispersion associated with the geometry of disk electrodes. The high-frequency global impedance response has the appearance of a constant-phase element CPE but can be considered to be only an apparent CPE because the CPE exponent is a function of frequency

The Apparent Constant-Phase-Element Behavior of a Disk Electrode with Faradaic Reactions

Geometry-induced current and potential distributions modify the global impedance response of a disk electrode subject to faradaic reactions. The problem was treated for both linear and Tafel kinetic regimes. The apparent capacity of a disk electrode embedded in an insulating plane was shown to vary considerably with frequency. At frequencies above the characteristic frequency for the faradaic reaction, the global impedance response has a quasi-constant-phase element (CPE) character, but with a CPE coefficient alpha that is a function of both dimensionless frequency K and dimensionless current density J. For small values of J, alpha approached unity, whereas, for larger values of J, alpha reached values near 0.78. The calculated values of alpha are typical of those obtained in impedance measurements on disk electrodes. For determining the interfacial capacitance, the influence of current and potential distributions on the impedance response cannot be neglected, even if the apparent CPE exponent alpha has values close to unity. Several methods taken from the literature were tested to determine their suitability for extracting interfacial capacitance values from impedance data on disk electrodes. The best results were obtained using a formula which accounted for both ohmic and charge-transfer resistances

Local electrochemical impedance spectroscopy: A review and some recent developments

Local electrochemical impedance spectroscopy (LEIS), which provides a powerful tool for exploration of electrode heterogeneity, has its roots in the development of electrochemical techniques employing scanning of microelectrodes. The historical development of local impedance spectroscopy measurements is reviewed, and guidelines are presented for implementation of LEIS. The factors which control the limiting spatial resolution of the technique are identified. The mathematical foundation for the technique is reviewed, including definitions of interfacial and local Ohmic impedances on both local and global scales. Experimental results for the reduction of ferricyanide show the correspondence between local and global impedances. Simulations for a single Faradaic reaction on a disk electrode embedded in an insulator are used to show that the Ohmic contribution, traditionally considered to be a real value, can have complex character in certain frequency ranges

Human Factors in Training: Space Medical Proficiency Training

The early Constellation space missions are expected to have medical capabilities very similar to those currently on the Space Shuttle and the International Space Station (ISS). For Crew Exploration Vehicle (CEV) missions to the ISS, medical equipment will be located on the ISS, and carried into CEV in the event of an emergency. Flight surgeons (FS) on the ground in Mission Control will be expected to direct the crew medical officer (CMO) during medical situations. If there is a loss of signal and the crew is unable to communicate with the ground, a CMO would be expected to carry out medical procedures without the aid of a FS. In these situations, performance support tools can be used to reduce errors and time to perform emergency medical tasks. The space medical training work is part of the Human Factors in Training Directed Research Project (DRP) of the Space Human Factors Engineering (SHFE) Project under the Space Human Factors and Habitability (SHFH) Element of the Human Research Program (HRP). This is a joint project consisting of human factors team from the Ames Research Center (ARC) with Immanuel Barshi as Principal Investigator and the Johnson Space Center (JSC). Human factors researchers at JSC have recently investigated medical performance support tools for CMOs on-orbit, and FSs on the ground, and researchers at the Ames Research Center performed a literature review on medical errors. Work on medical training has been conducted in collaboration with the Medical Training Group at the Johnson Space Center (JSC) and with Wyle Laboratories that provides medical training to crew members, biomedical engineers (BMEs), and to flight surgeons under the Bioastronautics contract. One area of research building on activities from FY08, involved the feasibility of just-in-time (JIT) training techniques and concepts for real-time medical procedures. A second area of research involves FS performance support tools. Information needed by the FS during the ISS mission support, especially for an emergency situation (e.g., fire onboard ISS), may be located in many different places around the FS s console. A performance support tool prototype is being developed to address this issue by bringing all of the relevant information together in one place. The tool is designed to include procedures and other information needed by a FS during an emergency, as well as procedures and information to be used after the emergency is resolved. Several walkthroughs of the prototype with FSs have been completed within a mockup of an ISS FS console. Feedback on the current tool design as well as recommendations for existing ISS FS displays were captured. The tool could have different uses depending on the situation and the skill of the user. An experienced flight surgeon could use it during an emergency situation as a decision and performance support tool, whereas a new flight surgeon could use it as JITT, or part of his/her regular training. The work proposed for FY10 continues to build on this strong collaboration with the Space Medical Training Group and previous research

Differing calcification processes in cultured vascular smooth muscle cells and osteoblasts

© 2019 Published by Elsevier Inc.Arterial medial calcification (AMC) is the deposition of calcium phosphate mineral, often as hydroxyapatite, inthe medial layer of the arteries. AMC shares some similarities to skeletal mineralisation and has been associatedwith the transdifferentiation of vascular smooth muscle cells (VSMCs) towards an osteoblast-like phenotype. Thisstudy used primary mouse VSMCs and calvarial osteoblasts to directly compare the established and widely usedin vitromodels of AMC and bone formation. Significant differences were identified between osteoblasts andcalcifying VSMCs. First, osteoblasts formed large mineralised bone nodules that were associated with widespreaddeposition of an extracellular collagenous matrix. In contrast, VSMCs formed small discrete regions of calcifi-cation that were not associated with collagen deposition and did not resemble bone. Second, calcifying VSMCsdisplayed a progressive reduction in cell viability over time (≤7-fold), with a 50% increase in apoptosis,whereas osteoblast and control VSMCs viability remained unchanged. Third, osteoblasts expressed high levels ofalkaline phosphatase (TNAP) activity and TNAP inhibition reduced bone formation by to 90%. TNAP activity incalcifying VSMCs was∼100-fold lower than that of bone-forming osteoblasts and cultures treated withβ-gly-cerophosphate, a TNAP substrate, did not calcify. Furthermore, TNAP inhibition had no effect on VSMC calci-fication. Although, VSMC calcification was associated with increased mRNA expression of osteoblast-relatedgenes (e.g. Runx2, osterix, osteocalcin, osteopontin), the relative expression of these genes was up to 40-foldlower in calcifying VSMCs versus bone-forming osteoblasts. In summary, calcifying VSMCsin vitrodisplay somelimited osteoblast-like characteristics but also differ in several key respects: 1) their inability to form collagen-containing bone; 2) their lack of reliance on TNAP to promote mineral deposition; and, 3) the deleterious effectof calcification on their viability.Peer reviewedFinal Published versio