Steady-state distributions for models of bubbles: their existence and econometric implications

The purpose of this paper is to examine the properties of bubbles in the light of steady state results for threshold auto-regressive (TAR) models recently derived by Knight and Satchell (2011). We assert that this will have implications for econometrics. We study the conditions under which we can obtain a steady state distribution of asset prices using our simple model of bubbles based on our particular definition of a bubble. We derive general results and further extend the analysis by considering the steady state distribution in three cases of a (I) a normally distributed error process, (II) a non normally (exponentially) distributed steady-state process and (III) a switching random walk with a fairly general i.i.d error process We then examine the issues related to unit root testing for the presence of bubbles using standard econometric procedures. We illustrate as an example, the market for art, which shows distinctly bubble-like characteristics. Our results shed light on the ubiquitous finding of no bubbles in the econometric literature

Computational structural mechanics: A new activity at the NASA Langley Research Center

Complex structures considered for the late 1980's and early 1990's include composite primary aircraft structures and the space station. These structures are much more difficult to analyze than today's structures and necessitate a major upgrade in computerized structural analysis technology. A major research activity in computational structural mechanics (CSM) was initiated. The objective of the CSM activity is develop advanced structural analysis technology that will exploit modern and emerging computers such as computers with vector and/or parallel processing capabilities. The three main research activities underway in CSM include: (1) structural analysis methods development; (2) a software testbed for evaluating the methods; and (3) numerical techniques for parallel processing computers. The motivation and objectives of the CSM activity are presented and CSM activity is described. The current CSM research thrusts, and near and long term CSM research thrusts are outlined

Interlaminar shear stress effects on the postbuckling response of graphite-epoxy panels

The influence of shear flexibility on overall postbuckling response was assessed, and transverse shear stress distributions in relation to panel failure were examined. Nonlinear postbuckling results are obtained for finite element models based on classical laminated plate theory and first-order shear deformation theory. Good correlation between test and analysis is obtained. The results presented analytically substantiate the experimentally observed failure mode

Hotel or home at the seaside? Challenges and opportunities for family wellbeing

This project explores front line practitioners’ perceptions of challenges and opportunities for housing, social care and wellbeing needs of families living in poor privately rented housing in Margate. Addressing multiple deprivation in the area is complex as new families move into the area seeking low cost housing. Addressing privately rented housing conditions can involve lengthy legal processes. The fluid community presents difficulties in nurturing stability and cohesion with challenges for developing social capital. Findings also demonstrate the enormous commitment to local families and the support offered by a range of statutory and non statutory organisations working together in the area and an ongoing effort to evaluate and improve housing and allied services in seeking to help nurture and develop individual and community wellbeing in a highly complex setting

Hotel or home at the seaside? Challenges and opportunities for family wellbeing

This project explores front line practitioners’ perceptions of challenges and opportunities for housing, social care and wellbeing needs of families living in poor privately rented housing in Margate. Addressing multiple deprivation in the area is complex as new families move into the area seeking low cost housing. Addressing privately rented housing conditions can involve lengthy legal processes. The fluid community presents difficulties in nurturing stability and cohesion with challenges for developing social capital. Findings also demonstrate the enormous commitment to local families and the support offered by a range of statutory and non statutory organisations working together in the area and an ongoing effort to evaluate and improve housing and allied services in seeking to help nurture and develop individual and community wellbeing in a highly complex setting

Improved large-mode area endlessly single-mode photonic crystal fibers

We numerically study the possibilities for improved large-mode area endlessly single mode photonic crystal fibers for use in high-power delivery applications. By carefully choosing the optimal hole diameter we find that a triangular core formed by three missing neighboring air holes considerably improves the mode area and loss properties compared to the case with a core formed by one missing air hole. In a realized fiber we demonstrate an enhancement of the mode area by ~30 % without a corresponding increase in the attenuation.Comment: 3 pages including 3 eps-figures. Accepted for Optics Letter

THE ACCUSED IS ENTERING THE COURTROOM: THE LIVE-TWEETING OF A MURDER TRIAL.

© 2017 Informa UK Limited, trading as Taylor & Francis GroupThe use of social media is now widely accepted within journalism as an outlet for news information. Live tweeting of unfolding events is standard practice. In March 2014, Oscar Pistorius went on trial in the Gauteng High Court for murder. Hundreds of journalists present began live-tweeting coverage, an unprecedented combination of international interest, permission to use technology and access which resulted in massive streams of consciousness reports of events as they unfolded. Based on a corpus of Twitter feeds of twenty-four journalists covering the trial, this study analyses the content and strategies of these feeds in order to present an understanding of how microblogging is used as a live reporting tool. This study shows the development of standardised language and strategies in reporting on Twitter, concluding that journalists adopt a narrow range of approaches, with no significant variation in terms of gender, location, or medium. This is in contrast to earlier studies in the field (Awad, 2006, Hedman, 2015; Kothari, 2010; Lariscy, Avery, Sweetser, & Howes, 2009 Lasorsa, 2012; Lasorsa, Lewis, & Holton, 2011; Sigal, 1999, Vis, 2013).Peer reviewe

A comparative analysis of rawinsonde and NIMBUS 6 and TIROS N satellite profile data

Comparisons are made between rawinsonde and satellite profiles in seven areas for a wide range of surface and weather conditions. Variables considered include temperature, dewpoint temperature, thickness, precipitable water, lapse rate of temperature, stability, geopotential height, mixing ratio, wind direction, wind speed, and kinematic parameters, including vorticity and the advection of vorticity and temperature. In addition, comparisons are made in the form of cross sections and synoptic fields for selected variables. Sounding data from the NIMBUS 6 and TIROS N satellites were used. Geostrophic wind computed from smoothed geopotential heights provided large scale flow patterns that agreed well with the rawinsonde wind fields. Surface wind patterns as well as magnitudes computed by use of the log law to extrapolate wind to a height of 10 m agreed with observations. Results of this study demonstrate rather conclusively that satellite profile data can be used to determine characteristics of large scale systems but that small scale features, such as frontal zones, cannot yet be resolved

A Study of Giant Pulses from PSR J1824-2452A

We have searched for microsecond bursts of emission from millisecond pulsars in the globular cluster M28 using the Parkes radio telescope. We detected a total of 27 giant pulses from the known emitter PSR J1824-2452A. At wavelengths around 20 cm the giant pulses are scatter-broadened to widths of around 2 microseconds and follow power-law statistics. The pulses occur in two narrow phase-windows which correlate in phase with X-ray emission and trail the peaks of the integrated radio pulse-components. Notably, the integrated radio emission at these phase windows has a steeper spectral index than other emission. The giant pulses exhibit a high degree of polarization, with many being 100% elliptically polarized. Their position angles appear random. Although the integrated emission of PSR J1824-2452A is relatively stable for the frequencies and bandwidths observed, the intensities of individual giant pulses vary considerably across our bands. Two pulses were detected at both 2700 and 3500 MHz. The narrower of the two pulses is 20 ns wide at 3500 MHz. At 2700 MHz this pulse has an inferred brightness temperature at maximum of 5 x 10^37 K. Our observations suggest the giant pulses of PSR J1824-2452A are generated in the same part of the magnetosphere as X-ray emission through a different emission process to that of ordinary pulses.Comment: Accepted by Ap