Internal Finance and Firm Investment

We examine the neoclassical investment model using a panel of U.S. manufacturing firms. The standard model with no financing constraints cannot be rejected for firms with high (pre-sample) dividend payouts. However, it is decisively rejected for firms with low (pre-sample) payouts (firms we expect to face financing constraints). Hem, investment is sensitive to both firm cash flow and macroeconomic credit conditions, holding constant investment opportunities. Sample splits based on firm size or maturity do not produce such distinctions. The latter comparison identifies firms where "free-cash-flow" problems might be expected to produce correlations between investment and cash flow.

Data management for JGOFS: Theory and design

The Joint Global Ocean Flux Study (JGOFS), currently being organized under the auspices of the Scientific Committee for Ocean Research (SCOR), is intended to be a decade long internationally coordinated program. The main goal of JGOFS is to determine and understand on a global scale the processes controlling the time-varying fluxes of carbon and associated biogenic elements in the ocean and to evaluate the related exchanges with the atmosphere, sea floor and continental boundaries. 'A long-term goal of JGOFS will be to establish strategies for observing, on long time scales, changes in ocean biogeochemical cycles in relation to climate change'. Participation from a large number of U.S. and foreign institutions is expected. JGOFS investigators have begun a set of time-series measurements and global surveys of a wide variety of biological, chemical and physical quantities, detailed process-oriented studies, satellite observations of ocean color and wind stress and modeling of the bio-geochemical processes. These experiments will generate data in amounts unprecedented in the biological and chemical communities; rapid and effortless exchange of these data will be important to the success of JGOFS

A submillimetre wavelength spectral line search of the Orion molecular cloud core

A submillimetre wavelength molecular line search of the Orion molecular cloud has been made covering a total of about 5 percent of the frequency range 342.8 - 358.6 GHz. This search, coupled with the authors' previous observations of submillimetre transitions in this cloud, has led to the detection of 22 transitions of 14 molecular species, of which 16 are reported here for the first time. No unidentified lines have been detected in the present search. Mapping observations have been obtained for several of the lines and, in the case of H2CO the authors have been able to compare the present data with that obtained from other telescopes, to estimate the density and abundance in the emitting region

CsrA impacts survival of Yersinia enterocolitica by affecting a myriad of physiological activities.

BackgroundA previous study identified a Yersinia enterocolitica transposon mutant, GY448, that was unable to export the flagellar type three secretion system (T3SS)-dependent phospholipase, YplA. This strain was also deficient for motility and unable to form colonies on Lauria-Bertani agar medium. Preliminary analysis suggested it carried a mutation in csrA. CsrA in Escherichia coli is an RNA-binding protein that is involved in specific post-transcriptional regulation of a myriad of physiological activities. This study investigated how CsrA affects expression of the flagellar regulatory cascade that controls YplA export and motility. It also explored the effect of csrA mutation on Y. enterocolitica in response to conditions that cue physiological changes important for growth in environments found both in nature and the laboratory.ResultsThe precise location of the transposon insertion in GMY448 was mapped within csrA. Genetic complementation restored disruptions in motility and the YplA export phenotype (Yex), which confirmed this mutation disrupted CsrA function. Mutation of csrA affected expression of yplA and flagellar genes involved in flagellar T3SS dependent export and motility by altering expression of the master regulators flhDC. Mutation of csrA also resulted in increased sensitivity of Y. enterocolitica to various osmolytes, temperatures and antibiotics.ConclusionsThe results of this study reveal unique aspects of how CsrA functions in Y. enterocolitica to control its physiology. This provides perspective on how the Csr system is susceptible to adaptation to particular environments and bacterial lifestyles

Femtoscopic results in Au+Au and p+p from PHENIX at RHIC

Ultra-relativistic gold-gold and proton-proton collisions are investigated in the experiments of the Relativistic Heavy Ion Collider (RHIC). In the last several years large amount of results were revealed about the matter created in these collisions. The latest PHENIX results for femtoscopy and correlations are reviewed in this paper. Bose-Einstein correlations of charged kaons in 200 GeV Au+Au collisions and of charged pions in 200 GeV p+p collisions are shown. They are both compatible with previous measurements of charged pions in gold-gold collisions, with respect to transverse mass or number of participants scaling.Comment: Talk given at the VI Workshop on Particle Correlations and Femtoscopy, Kiev, September 14-18, 2010. 6 pages, 4 figures. This work was supported by the OTKA grant NK73143 and M. Csanad's Bolyai scholarshi

Low Mass Group Environments have no Substantial Impact on the Circumgalactic Medium Metallicity

We explore how environment affects the metallicity of the circumgalactic medium (CGM) using 13 low mass galaxy groups (2-5 galaxies) at $\langle z_{abs}\rangle=0.25$ identified near background quasars. Using quasar spectra from HST/COS and from Keck/HIRES or VLT/UVES we measure column densities of, or determine limits on, CGM absorption lines. We use a Markov chain Monte Carlo approach with Cloudy to estimate metallicities of cool ($T\sim10^4$K) CGM gas within groups and compare them to CGM metallicities of 47 isolated galaxies. Both group and isolated CGM metallicities span a wide range ($-2<$[Si/H]$<0$), where the mean group ($-0.54\pm0.22$) and isolated ($-0.77\pm0.14$) CGM metallicities are similar. Group and isolated environments have similar distributions of {\HI} column densities as a function of impact parameter. However, contrary to isolated galaxies, we do not find an anti-correlation between {\HI} column density and the nearest group galaxy impact parameter. We additionally divided the groups by member luminosity ratios (i.e., galaxy-galaxy and galaxy-dwarf groups). While there was no significant difference in their mean metallicities, a modest increase in sample size should allow one to statistically identify a higher CGM metallicity in galaxy-dwarf groups compared to galaxy-galaxy groups. We conclude that either environmental effects have not played an important role in the metallicity of the CGM at this stage and expect that this may only occur when galaxies are strongly interacting or merging, or that some isolated galaxies have higher CGM metallicities due to past interactions. Thus, environment does not seem to be the cause of the CGM metallicity bimodality.Comment: 14 pages, 5 figures, 2 figure sets, 1 machine-readable tabl