Real Estate Securities and a Filter-based, Short-term Trading Strategy

Anecdotal evidence provides overwhelming support to the belief that sophisticated real estate investors profit by timing long-run real estate cycles. This article examines the investment performance benefits that sophisticated investors may derive from short-run cycles in real estate, specifically, through the publicly traded real estate markets. Using a simple strategy that filters out noise in real estate investment trust (REIT) price reversals, this study shows that a contrarian strategy is many times more profitable than the associated execution costs. Furthermore, the study demonstrates that the REIT market has been sufficiently liquid to execute this trading strategy. This last point is directly related to the filter strategy since only REITs with large price movements satisfy the hypothetical investor’s selection criteria.

Space physics missions handbook

The purpose of this handbook is to provide background data on current, approved, and planned missions, including a summary of the recommended candidate future missions. Topics include the space physics mission plan, operational spacecraft, and details of such approved missions as the Tethered Satellite System, the Solar and Heliospheric Observatory, and the Atmospheric Laboratory for Applications and Science

Benzo[a]pyrene-induced DNA adducts and gene expression profiles in target and non-target organs for carcinogenesis in mice

Background: Gene expression changes induced by carcinogens may identify differences in molecular function between target and non-target organs. Target organs for benzo[a]pyrene (BaP) carcinogenicity in mice (lung, spleen and forestomach) and three non-target organs (liver, colon and glandular stomach) were investigated for DNA adducts by 32P-postlabelling, for gene expression changes by cDNA microarray and for miRNA expression changes by miRNA microarray after exposure of animals to BaP. Results: BaP-DNA adduct formation occurred in all six organs at levels that did not distinguish between target and non-target. cDNA microarray analysis showed a variety of genes modulated significantly by BaP in the six organs and the overall gene expression patterns were tissue specific. Gene ontology analysis also revealed that BaP-induced bioactivities were tissue specific; eight genes (Tubb5, Fos, Cdh1, Cyp1a1, Apc, Myc, Ctnnb1 and Cav) showed significant expression difference between three target and three non-target organs. Additionally, several gene expression changes, such as in Trp53 activation and Stat3 activity suggested some similarities in molecular mechanisms in two target organs (lung and spleen), which were not found in the other four organs. Changes in miRNA expression were generally tissue specific, involving, in total, 21/54 miRNAs significantly up- or down-regulated. Conclusions: Altogether, these findings showed that DNA adduct levels and early gene expression changes did not fully distinguish target from non-target organs. However, mechanisms related to early changes in p53, Stat3 and Wnt/β-catenin pathways may play roles in defining BaP organotropism

Perceptually smooth timbral guides by state-space analysis of phase-vocoder parameters

Sculptor is a phase-vocoder-based package of programs that allows users to explore timbral manipulation of sound in real time. It is the product of a research program seeking ultimately to perform gestural capture by analysis of the sound a performer makes using a conventional instrument. Since the phase-vocoder output is of high dimensionality — typically more than 1,000 channels per analysis frame—mapping phase-vocoder output to appropriate input parameters for a synthesizer is only feasible in theory

Chemostratigraphy of Upper Carboniferous (Pennsylvanian) sequences from the Southern North Sea (United Kingdom)

Important gas reservoirs occur in the Upper Carboniferous coal measures and red beds of the Southern North Sea. The thick red beds of the Boulton and Ketch formations are difficult to correlate, due to poor internal seismic definition, repetitive e-log signatures, and their barren nature. Although the underlying coal measures of the Westoe, Cleaver, and Caister Formations have better seismic resolution and contain palynomorphs, coals that die out laterally and the lack of diagnostic taxa over certain intervals contribute to their correlation being problematical. However, the application of chemostratigraphy to more than sixty wells from numerous fields in UK Quadrants 44 and 49, as well as from Dutch sector Blocks E, F, and K, allows the establishment of an independent, robust, detailed correlation framework for the aforesaid red beds and coal measures. Presented in this paper are correlative chemostratigraphic reference sections for the Caister, Westoe, Cleaver, Ketch, Boulton, and Step Graben formations. The chemostratigraphic zonations erected for these formations are based on variations in silty claystone geochemistry that can be tied to changes in provenance, climate, and depositional environment. In addition, the zonations are supported by stratigraphic changes in sandstone and coal geochemistry, the geochemical correlation of tonsteins and marine bands, and the recognition of different types of paleosol in the above formations. The chemostratigraphic correlation framework enables specific broad intervals ("packages") to be correlated between fields and is also used to constrain seismic correlations with a view to highlighting potential exploration targets. Furthermore, the same framework allows much thinner intervals ("units" and "subunits") to be correlated within fields: these smaller-scale correlations enhance reservoir correlations with respect to the development of fields such as Boulton, Schooner, Tyne, Ketch, and Topaz. In addition to using inorganic geochemical data to characterize and correlate sedimentological packages, data can also used to identify and correlate marker horizons and surfaces (tonsteins, coals, marine bands, major paleosols), which may be highly correlative low-diachrony surfaces, which greatly enhance the overall validity of the stratigraphic correlation scheme

Advanced sensors technology survey

This project assesses the state-of-the-art in advanced or 'smart' sensors technology for NASA Life Sciences research applications with an emphasis on those sensors with potential applications on the space station freedom (SSF). The objectives are: (1) to conduct literature reviews on relevant advanced sensor technology; (2) to interview various scientists and engineers in industry, academia, and government who are knowledgeable on this topic; (3) to provide viewpoints and opinions regarding the potential applications of this technology on the SSF; and (4) to provide summary charts of relevant technologies and centers where these technologies are being developed

Morphologies of Galaxies in and around a Protocluster at z=2.300

We present results from the first robust investigation of galaxy morphology as a function of environment at z>1.5. Our study is motivated by the fact that star-forming galaxies contained within a protocluster at z=2.3 in the HS1700+64 field have significantly older ages and larger stellar masses on average than those at similar redshifts but more typical environmental densities. In the analysis of HST/ACS images, we apply non-parametric statistics to characterize the rest-frame UV morphologies of a sample of 85 UV-selected star-forming galaxies at z=1.7-2.9, 22 of which are contained in the protocluster. The remaining 63 control-sample galaxies are not in the protocluster but have a similar mean redshift of ~2.3. We find no environmental dependence for the distributions of morphological properties. Combining the measured morphologies with the results of population synthesis modeling, we find only weak correlations, if any, between morphological and stellar population properties such as stellar mass, age, extinction and star-formation rate. Given the incomplete census of the protocluster galaxy population, and the lack of correlation between rest-frame UV morphology and star-formation history at z~2 within our sample, the absence of environmental trends in the distribution of morphological properties is not surprising. Additionally, using a larger sample of photometric candidates, we compare morphological distributions for 282 UV-selected and 43 near-IR-selected galaxies. While the difference in the degree of nebulosity between the two samples appears to be a byproduct of the fainter average rest-frame UV surface brightness of the near-IR-selected galaxies, we find that, among the lowest surface brightness galaxies, the near-IR-selected objects have significantly smaller angular sizes (abridged).Comment: 25 pages including 16 figures. Accepted for publication in ApJ. Version with full resolution figures available at http://www.astro.princeton.edu/~apeter/LBG/papers/peter2007_fullres.ps.g

The DEEP2 Galaxy Redshift Survey: Color and Luminosity Dependence of Galaxy Clustering at z~1

We present measurements of the color and luminosity dependence of galaxy clustering at z~1 in the DEEP2 Galaxy Redshift Survey. Using volume-limited subsamples in bins of both color and luminosity, we find that: 1) The clustering dependence is much stronger with color than with luminosity and is as strong with color at z~1 as is found locally. We find no dependence of the clustering amplitude on color for galaxies on the red sequence, but a significant dependence on color for galaxies within the blue cloud. 2) For galaxies in the range L/L*~0.7-2, a stronger large-scale luminosity dependence is seen for all galaxies than for red and blue galaxies separately. The small-scale clustering amplitude depends significantly on luminosity for blue galaxies, with brighter samples having a stronger rise on scales r_p<0.5 Mpc/h. 3) Redder galaxies exhibit stronger small-scale redshift-space distortions ("fingers of god"), and both red and blue populations show large-scale distortions in xi(r_p,pi) due to coherent infall. 4) While the clustering length, r_0, increases smoothly with galaxy color (in narrow bins), its power-law exponent, gamma, exhibits a sharp jump from the blue cloud to the red sequence. The intermediate color `green' galaxy population likely includes transitional galaxies moving from the blue cloud to the red sequence; on large scales green galaxies are as clustered as red galaxies but show infall kinematics and a small-scale correlation slope akin to the blue galaxy population. 5) We compare our results to a semi-analytic galaxy formation model applied to the Millenium Run simulation. Differences between the data and the model suggest that in the model star formation is shut down too efficiently in satellite galaxies.Comment: 28 pages, 17 figures, emulateapj format, accepted to ApJ, updated to match published versio

The unusual dynamics of parasite actin result from isodesmic polymerization

Previous reports have indicated that parasite actins are short and inherently unstable, despite being required for motility. Here, we re-examine the polymerization properties of actin in Toxoplasma gondii (TgACTI), unexpectedly finding that it exhibits isodesmic polymerization in contrast to the conventional nucleation-elongation process of all previously studied actins from both eukaryotes and bacteria. TgACTI polymerization kinetics lacks both a lag phase and critical concentration, normally characteristic of actins. Unique among actins, the kinetics of assembly can be fit with a single set of rate constants for all subunit interactions, without need for separate nucleation and elongation rates. This isodesmic model accurately predicts the assembly, disassembly, and the size distribution of TgACTI filaments in vitro, providing a mechanistic explanation for actin dynamics in vivo. Our findings expand the repertoire of mechanisms by which actin polymerization is governed and offer clues about the evolution of self-assembling, stabilized protein polymers