Discrete Newtonian Cosmology

In this paper we lay down the foundations for a purely Newtonian theory of cosmology, valid at scales small compared with the Hubble radius, using only Newtonian point particles acted on by gravity and a possible cosmological term. We describe the cosmological background which is given by an exact solution of the equations of motion in which the particles expand homothetically with their comoving positions constituting a central configuration. We point out, using previous work, that an important class of central configurations are homogeneous and isotropic, thus justifying the usual assumptions of elementary treatments. The scale factor is shown to satisfy the standard Raychaudhuri and Friedmann equations without making any fluid dynamic or continuum approximations. Since we make no commitment as to the identity of the point particles, our results are valid for cold dark matter, galaxies, or clusters of galaxies. In future publications we plan to discuss perturbations of our cosmological background from the point particle viewpoint laid down in this paper and show consistency with much standard theory usually obtained by more complicated and conceptually less clear continuum methods. Apart from its potential use in large scale structure studies, we believe that out approach has great pedagogic advantages over existing elementary treatments of the expanding universe, since it requires no use of general relativity or continuum mechanics but concentrates on the basic physics: Newton's laws for gravitationally interacting particles.Comment: 33 pages; typos fixed, references added, some clarification

Effect of \u3ci\u3eBeauveria Bassiana\u3c/i\u3e on Underground Stages Of the Colorado Potato Beetle, \u3ci\u3eLeptinotarsa Decemlineata\u3c/i\u3e (Coleoptera: Chrysomelidae)

Tests were conducted to determine the effect of the fungus Beauveria bassiana (B.b.) on underground of the Colorado potato beetle (CPB), Leptinotarsa decemlineata. Two levels of B.h., g/m2 and 75 g/m2 , were suspended in water and sprinkled over the surface of the ground in cages to which CPB were added, either as overwintering adults or as 4th instar larvae of the 15t generation. Efficacy of treatments was determined by counting emerged adults. Neither level of B .b. increased mortality in overwintering adults. The highest level of B.h. caused a significant decline in emergence of adults from the 1st generation 4th instars. The 7.5 g/m2 treatment level did not significantly differ from control treatments

State Specialists’ Views of Minnesota’s Evolving Extension System

extension, Teaching/Communication/Extension/Profession,

Legal effectiveness and external capital : the role of foreign debt

Previous research has documented weak, and sometimes conflicting, effects of legal quality on measures of firm debt. Using WorldScope data for 1,689 firms, as well as more detailed proprietary data for 315 firms across nine East Asian countries, the authors find that access to foreign financing appears to loosen borrowing constraints associated with poor legal systems. This helps resolve inconsistencies in prior findings and explains how legal protection is important for borrowing by firms. In particular, they find that legal effectiveness is important for determining the amount, maturity, and currency denomination of debt. The authors discuss several mechanisms by which firms can avoid the costs of poor legal systems with foreign borrowing. The paper contributes to the policy debate surrounding the importance of creditor rights for domestic lending.Municipal Financial Management,Banks&Banking Reform,Economic Theory&Research,Financial Intermediation,Environmental Economics&Policies

Exchange rate risk management : evidence from East Asia

The recent East Asian financial crisis provides a natural experiment for investigating foreign exchange risk management by nonfinancial corporations. During this period, the financial crisis exposed local firms to large depreciations in exchange rates and reduced access to foreign capital. The authors explore the exchange rate hedging practices of firms that hedged exposure to foreign debt in eight East Asian countries between 1996 and 1998. They identify and characterize East Asian companies that used foreign currency derivatives, documenting differences in size, financial characteristics, and exposure to domestic and foreign debt. They investigate the factors improtant in the use of foreign currency derivatives. Unlike studies of US firms, they find limited support for existing theories of optimal hedging. Instead, they find that firms use foreign earnings as a substitute for hedging with derivatives. And they find evidence that firms engage in"selective"hedging. They investigate the relative performance of hedgers during and after the crisis. They find no evidence that East Asian firms eliminated their foreign exchange exposure by using derivatives. Firms that used derivatives before the crisis performed just as poorly as nonhedgers during the crisis. After the crisis, firms that hedged performed somewhat better than nonhedgers, but this result appears to be explained by a larger post-crisis currency exposure for hedgers (an exchange rate risk premium), which had limited access to derivatives during this period.Payment Systems&Infrastructure,Financial Intermediation,Economic Theory&Research,Banks&Banking Reform,Environmental Economics&Policies,Banks&Banking Reform,Economic Theory&Research,Environmental Economics&Policies,Strategic Debt Management,Financial Intermediation

POTENTIAL IMPACTS OF PHARMACEUTICAL USES OF TRANSGENIC TOBACCO: THE CASE OF HUMAN SERUM ALBUMIN (HSA)

The potential size and distribution of benefits from transgenic tobacco as a source of human serum albumin are estimated using an economic surplus model with imperfect competition. The results demonstrate that new products from bio-pharming applications stand to generate significant social benefits.Research and Development/Tech Change/Emerging Technologies,

Application of computational physics within Northrop

An overview of Northrop programs in computational physics is presented. These programs depend on access to today's supercomputers, such as the Numerical Aerodynamical Simulator (NAS), and future growth on the continuing evolution of computational engines. Descriptions here are concentrated on the following areas: computational fluid dynamics (CFD), computational electromagnetics (CEM), computer architectures, and expert systems. Current efforts and future directions in these areas are presented. The impact of advances in the CFD area is described, and parallels are drawn to analagous developments in CEM. The relationship between advances in these areas and the development of advances (parallel) architectures and expert systems is also presented