Local and national impact of aerospace research and technology

An overview of work at the NASA Lewis Research Center in the areas of aeronautics space, and energy is presented. Local and national impact of the work is discussed. Some aspects of the U.S. research and technology base, the aerospace industry, and foreign competition are discussed. In conclusion, U.S. research and technology programs are cited as vital to U.S. economic health

Matrix management for aerospace 2000

The martix management approach to program management is an organized effort for attaining program objectives by defining and structuring all elements so as to form a single system whose parts are united by interaction. The objective of the systems approach is uncompromisingly complete coverage of the program management endeavor. Starting with an analysis of the functions necessary to carry out a given program, a model must be defined; a matrix of responsibility assignment must be prepared; and each operational process must be examined to establish how it is to be carried out and how it relates to all other processes

Engineering in the 21st century

Reasonable evolutionary trends in federal outlays for aerospace research and development predict a continuing decline in real resources (1970 dollars) until the mid eighties, and a growth thereafter to the 1970 level by 2000, still well below the 1966 peak. Employment levels will parallel this trend with no shortage of available personnel foreseen. These trends characterize a maturing industry. Shifts in outlook toward the economic use of resources, rather than minimum risk at any cost, and toward missions aligned with societal needs and broad national goals will accompany these trends. These shifts in outlook will arise in part in academia, and will, in turn, influence engineering education. By 2000, space technology will have achieved major advances in the management of information, in space transportation, in space structures, and in energy. The economics of space systems must be the primary consideration if the space program foreseen for the 21st century is to become an actuality

A review of bank performance in the Fifth district, 1983

Many observers expected 1983 to be a bad year for bank profits because of deposit deregulation, but F. Ward McCarthy Jr. shows in “A Review of Bank Performance in the Fifth District, 1983” that last year proved to be the most profitable of the last five. In this article, McCarthy examines the revenues and expenses of Fifth District banks in order to explain the significant improvement in performance. McCarthy finds the most successful banks last year were the ones that had cost structures that were relatively sensitive to the level of interest rates. He forecasts that in the current year the strength of the economy, the growth in loan demand, and increases in interest rates will increase banks’ gross return on assets. McCarthy also points out that if banks are to increase profitability in an environment of deregulation and rising interest rates, they must be able to contain interest expense and increase revenues from noninterest services.Banks and banking

A review of bank performance in the Fifth district, 1983

Many observers expected 1983 to be a bad year for bank profits because of deposit deregulation, but F. Ward McCarthy Jr. shows in “A Review of Bank Performance in the Fifth District, 1983” that last year proved to be the most profitable of the last five. In this article, McCarthy examines the revenues and expenses of Fifth District banks in order to explain the significant improvement in performance. McCarthy finds the most successful banks last year were the ones that had cost structures that were relatively sensitive to the level of interest rates. He forecasts that in the current year the strength of the economy, the growth in loan demand, and increases in interest rates will increase banks’ gross return on assets. McCarthy also points out that if banks are to increase profitability in an environment of deregulation and rising interest rates, they must be able to contain interest expense and increase revenues from noninterest services.Banks and banking

The evolution of the bank regulatory structure : a reappraisal

In his article, “The Evolution of the Bank Regulatory Structure: A Reappraisal,” F. Ward McCarthy Jr. argues that neither of these competing theories provides a sufficient explanation for the major developments in the bank regulatory framework of the United States. He proposes that the structure of bank regulation has been dictated in part by the desire of governments to enhance their abilities to generate revenue. McCarthy traces the history of government intervention in the banking industry from the colonial period through the 1930s and demonstrates that concern about public finance has been a crucial factor behind every important change in the institutional structure of bank regulation.Banks and banking

NASA research activities in aeropropulsion

NASA is responsible for advancing technologies related to air transportation. A sampling of the work at NASA's Lewis Research Center aimed at improved aircraft propulsion systems is described. Particularly stressed are efforts related to reduced noise and fuel consumption of subsonic transports. Generic work in specific disciplines are reviewed including computational analysis, materials, structures, controls, diagnostics, alternative fuels, and high-speed propellers. Prospects for variable cycle engines are also discussed

Risky neighborhoods? House appreciation in underserved areas

This research project will investigate house price appreciation trends in traditionally underserved areas. The primary goal is to develop and test a methodology to determine what part of a home (appreciation)is due to structural and neighborhood effects, and what part may be attributable to other factors such as homeowners actions (including repair, maintenance, and upgrades). We will employ a space-time modeling framework to measure appreciation varying influences of structural and neighborhood, and other factors on appreciation overtime. We will compare appreciation trends across different submarkets (underserved and conventional) and for both high risk and low risk borrowers. The empirical analysis will employ thr TRW-REDI housing transaction data set for Miami MSA (USA) for the 1985-1993 period in conjunction with Census and American Housing Survey (AHS) data.