The importance of check-cashing businesses to the unbanked: racial/ethnic differences

The roughly 9.5 percent of all U.S. families that are without some type of transaction account (unbanked) are disproportionately represented by minorities. The unbanked often must rely on alternative ways to carry out basic financial transactions such as cashing payroll checks and paying bills. This study analyzes unique survey data and finds that a consumer's decision to patronize check-cashing businesses is jointly made with the decision to be unbanked. For the unbanked, these businesses are an important source for financial services. Attributes that contribute to these decisions, however, vary for each racial/ethnic group. Latent preference effects are also observed to influence this joint decision for Blacks and Hispanics. These findings may explain in part why the provisions of the Debt Collection Improvement Act (DCIA) of 1996 have not been more successful in bringing unbanked federal benefits recipients into the financial mainstream. ; Consumer participation in mainstream financial markets can improve their ability to build assets and create wealth, protect them from theft and discriminatory, predatory or unsavory lending practices, and may promote economic stability and vitality in the communities where they reside. By more fully understanding a consumer's financial decisions, policies can be better directed to improve the effectiveness of legislation such as the DCIA of 1996 in encouraging mainstream financial market participation.Nonbank financial institutions ; Debt management ; Checks

The strange quark condensate in the nucleon in 2+1 flavor QCD

We calculate the "strange quark content of the nucleon", , which is important for interpreting the results of some dark matter detection experiments. The method is to evaluate quark-line disconnected correlations on the MILC lattice ensembles, which include the effects of dynamical strange quarks. After continuum and chiral extrapolations, the result is <N |s s_bar |N> = 0.69 +- 0.07(statistical) +- 0.09(systematic), in the modified minimal subtraction scheme (2 GeV), or for the renormalization scheme invariant form, m_s partial{M_N}/partial{m_s} = 59(6)(8) MeV.Comment: Added figures and references, especially for fit range choice. Other changes for clarity. Version to appear in publicatio

Demonstration of an optical-coherence converter

Studying the coherence of an optical field is typically compartmentalized with respect to its different optical degrees of freedom (DoFs) -- spatial, temporal, and polarization. Although this traditional approach succeeds when the DoFs are uncoupled, it fails at capturing key features of the field's coherence if the DOFs are indeed correlated -- a situation that arises often. By viewing coherence as a `resource' that can be shared among the DoFs, it becomes possible to convert the entropy associated with the fluctuations in one DoF to another DoF that is initially fluctuation-free. Here, we verify experimentally that coherence can indeed be reversibly exchanged -- without loss of energy -- between polarization and the spatial DoF of a partially coherent field. Starting from a linearly polarized spatially incoherent field -- one that produces no spatial interference fringes -- we obtain a spatially coherent field that is unpolarized. By reallocating the entropy to polarization, the field becomes invariant with regards to the action of a polarization scrambler, thus suggesting a strategy for avoiding the deleterious effects of a randomizing system on a DoF of the optical field.Comment: 7 pages; 6 figure

Numerical Computations in the Worldsheet Formulation

The worldsheet formulation of lattice gauge theories has two appealing features: the gauge non-redundancy and the geometrical transparency. Both properties are profitable in order to perform numerical computations. In the case of dynamical fermions this description offers additional advantages. For instance, it does not suffer from the species doubling problem and it involves fewer degrees of freedom.Comment: Talk presented at LATTICE 97, Edinburgh. 3 pages, 2 .eps figures, uses espcrc2.st

Chiral nature of magnetic monopoles in artificial spin ice

Micromagnetic properties of monopoles in artificial kagome spin ice systems are investigated using numerical simulations. We show that micromagnetics brings additional complexity into the physics of these monopoles that is, by essence, absent in spin models: besides a fractionalized classical magnetic charge, monopoles in the artificial kagome ice are chiral at remanence. Our simulations predict that the chirality of these monopoles can be controlled without altering their charge state. This chirality breaks the vertex symmetry and triggers a directional motion of the monopole under an applied magnetic field. Our results also show that the choice of the geometrical features of the lattice can be used to turn on and off this chirality, thus allowing the investigation of chiral and achiral monopoles.Comment: 10 pages, 4 figure

High density QCD with static quarks

We study lattice QCD in the limit that the quark mass and chemical potential are simultaneously made large, resulting in a controllable density of quarks which do not move. This is similar in spirit to the quenched approximation for zero density QCD. In this approximation we find that the deconfinement transition seen at zero density becomes a smooth crossover at any nonzero density, and that at low enough temperature chiral symmetry remains broken at all densities.Comment: LaTeX, 18 pages, uses epsf.sty, postscript figures include

A Novel Approach for Ellipsoidal Outer-Approximation of the Intersection Region of Ellipses in the Plane

In this paper, a novel technique for tight outer-approximation of the intersection region of a finite number of ellipses in 2-dimensional (2D) space is proposed. First, the vertices of a tight polygon that contains the convex intersection of the ellipses are found in an efficient manner. To do so, the intersection points of the ellipses that fall on the boundary of the intersection region are determined, and a set of points is generated on the elliptic arcs connecting every two neighbouring intersection points. By finding the tangent lines to the ellipses at the extended set of points, a set of half-planes is obtained, whose intersection forms a polygon. To find the polygon more efficiently, the points are given an order and the intersection of the half-planes corresponding to every two neighbouring points is calculated. If the polygon is convex and bounded, these calculated points together with the initially obtained intersection points will form its vertices. If the polygon is non-convex or unbounded, we can detect this situation and then generate additional discrete points only on the elliptical arc segment causing the issue, and restart the algorithm to obtain a bounded and convex polygon. Finally, the smallest area ellipse that contains the vertices of the polygon is obtained by solving a convex optimization problem. Through numerical experiments, it is illustrated that the proposed technique returns a tighter outer-approximation of the intersection of multiple ellipses, compared to conventional techniques, with only slightly higher computational cost

The intrinsic strangeness and charm of the nucleon using improved staggered fermions

We calculate the intrinsic strangeness of the nucleon, - , using the MILC library of improved staggered gauge configurations using the Asqtad and HISQ actions. Additionally, we present a preliminary calculation of the intrinsic charm of the nucleon using the HISQ action with dynamical charm. The calculation is done with a method which incorporates features of both commonly-used methods, the direct evaluation of the three-point function and the application of the Feynman- Hellman theorem. We present an improvement on this method that further reduces the statistical error, and check the result from this hybrid method against the other two methods and find that they are consistent. The values for and found here, together with perturbative results for heavy quarks, show that dark matter scattering through Higgs-like exchange receives roughly equal contributions from all heavy quark flavors.Comment: 17 pages, 14 figure

Ear-clipping Based Algorithms of Generating High-quality Polygon Triangulation

A basic and an improved ear clipping based algorithm for triangulating simple polygons and polygons with holes are presented. In the basic version, the ear with smallest interior angle is always selected to be cut in order to create fewer sliver triangles. To reduce sliver triangles in further, a bound of angle is set to determine whether a newly formed triangle has sharp angles, and edge swapping is accepted when the triangle is sharp. To apply the two algorithms on polygons with holes, "Bridge" edges are created to transform a polygon with holes to a degenerate polygon which can be triangulated by the two algorithms. Applications show that the basic algorithm can avoid creating sliver triangles and obtain better triangulations than the traditional ear clipping algorithm, and the improved algorithm can in further reduce sliver triangles effectively. Both of the algorithms run in O(n2) time and O(n) space.Comment: Proceedings of the 2012 International Conference on Information Technology and Software Engineering Lecture Notes in Electrical Engineering Volume 212, 2013, pp 979-98