The Federal Reserve's Term Auction Facility

As liquidity conditions in the term funding markets grew increasingly strained in late 2007, the Federal Reserve began making funds available directly to banks through a new tool, the Term Auction Facility (TAF). The TAF provides term funding on a collateralized basis, at interest rates and amounts set by auction. The facility is designed to improve liquidity by making it easier for sound institutions to borrow when the markets are not operating efficiently.Federal Reserve System ; Bank liquidity ; Banks and banking

Automating class definitions from OWL to English

Text definitions for entities within bio-ontologies are a cor-nerstone of the effort to gain a consensus in understanding and usage of those ontologies. Writing these definitions is, however, a considerable effort and there is often a lag be-tween specification of the entities in the ontology and the development of the text-based definitions. As well as these text definitions, there can also be logical descriptions and definitions of an ontology's entities. The goal of natural lan-guage generation (NLG) from ontologies is to take the logi-cal description of entities and generate fluent natural lan-guage. We should be able to use NLG to automatically pro-vide text-based definitions from an ontology that has logical descriptions of its entities and thus avoid the bottleneck of authoring these definitions by hand. In this paper we present some early work in using NLG to provide such text definitions for the Experimental factor Ontology (EFO). We present our results, discuss issues in generating text definitions, and highlight some future work

A FOLLOW-UP STUDY OF FIFTY-TWO RICHMOND PUBLIC SCHOOL PUPILS GIVEN PSYCHIATRIC STAFFING DURING THE 1966-1967 SCHOOL YEAR

This research study is a descriptive study of the effectiveness of the psychiatric staffing as determined by a follow-up study of fifty-two Richmond Public School Pupils given such staffing during the l966-67 school year. The review of pertinent literature reveals what others have contributed to the knowledge of the nature and function of the school helping team. The teamwork approach, which involves the efforts of several professions and disciplines working closely together, is seen as the best present method to meet the complex, overlapping needs which have been found to affect students\u27 learning. As a means of establishing guidelines and limits for this study, five areas of concern were defined. The questions to be answered by this study were: 1. What are the socio-economic backgrounds represented by the sample? 2. Were the recommendations made by the school psychiatrist implemented? 3. Is the overall psychiatric staffing effective according to the improvement in pupils presenting problems and the extent to which the recommendations were carried out? 4. To what extent do the available records contain sufficient information for a follow-up study? 5. What are the attitudes of the key persons responsible for the psychiatric staffing toward the effective operation of these staffings? The Pupil Personnel Services gave its approval to conduct this study. The sample numbered fifty-two. The agency requested and it was agreed that no pupil, school, or agency be contacted and that information be obtained only from the files and employees of Pupil Personnel Services. An interview schedule was constructed to elicit information to determine the extent to which the recommendations made during the psychiatric staffing were initiated and carried out. This schedule was applied to the pupil records. Open ended questions were used in interview schedules to gather pertinent information from three key persons responsible for the effective operation of the psychiatric staffing. The fifty-two pupil cases revealed the pupils to be largely from low income families, mostly males with acting-out behavior problems, and with no significant concentration from any one school. A larger percentage of the recommendations that were initiated involved the use of school resources rather than community resources. In nearly half of the pupil cases the recommendations were completely carried out, with a remaining few being carried out to a lesser extent. The findings suggested that, if the recommendations were carried out, the pupil would show behavior improvement. To a large extent the statements made by the key persons generally reflected that methods of record keeping be improved within the Department of Visiting Teachers; that there be an increase in the number and quality of the visiting teachers, especially for elementary and Junior high school placements; that parents of the pupils given psychiatric staffings become involved in the staffings and be included in the treatment process themselves; and that the visiting teacher exercise more responsibility for follow-up on the pupils given psychiatric staffing

On Extracting Mechanical Properties from Nanoindentation at Temperatures up to 1000∘^{\circ}C

Alloyed MCrAlY bond coats, where M is usually cobalt and/or nickel, are essential parts of modern turbine blades, imparting environmental resistance while mediating thermal expansivity differences. Nanoindentation allows the determination of their properties without the complexities of traditional mechanical tests, but was not previously possible near turbine operating temperatures. Here, we determine the hardness and modulus of CMSX-4 and an Amdry-386 bond coat by nanoindentation up to 1000$^{\circ}$C. Both materials exhibit a constant hardness until 400$^{\circ}$C followed by considerable softening, which in CMSX-4 is attributed to the multiple slip systems operating underneath a Berkovich indenter. The creep behaviour has been investigated via the nanoindentation hold segments. Above 700$^{\circ}$C, the observed creep exponents match the temperature-dependence of literature values in CMSX-4. In Amdry-386, nanoindentation produces creep exponents very close to literature data, implying high-temperature nanoindentation may be powerful in characterising these coatings and providing inputs for material, model and process optimisations

An integrated approach to rotorcraft human factors research

As the potential of civil and military helicopters has increased, more complex and demanding missions in increasingly hostile environments have been required. Users, designers, and manufacturers have an urgent need for information about human behavior and function to create systems that take advantage of human capabilities, without overloading them. Because there is a large gap between what is known about human behavior and the information needed to predict pilot workload and performance in the complex missions projected for pilots of advanced helicopters, Army and NASA scientists are actively engaged in Human Factors Research at Ames. The research ranges from laboratory experiments to computational modeling, simulation evaluation, and inflight testing. Information obtained in highly controlled but simpler environments generates predictions which can be tested in more realistic situations. These results are used, in turn, to refine theoretical models, provide the focus for subsequent research, and ensure operational relevance, while maintaining predictive advantages. The advantages and disadvantages of each type of research are described along with examples of experimental results

An Electric Utility Learns to Adapt: A Singerian Organization Approach

This paper discusses how one (anonymous) utility company is developing an Energy Service Company (ESCO) to prepare for the move to a competitive environment. ESCO’s specialize in the design and implementation of energy conservation measures, such as lighting retrofit projects, updating heating, ventilating and air conditioning systems, and cogeneration projects. As the result of a recent federal mandate to update aging systems, military bases have become a primary client of ESCOs. Other clients include state and local governments, universities, and hospitals

A Night Out with the Nerds

Simon Singh and Richard Wiseman draw on examples from physics to psychology, to explore the extraordinary in the ordinary in their innovative new play Theatre of Scienc

Widening the Aperture: A Case Study of Widening the Definition of Evidence for Strategy

The need to “widen the aperture” to consider different types and sources of evidence is paramount to sharpening grantmaking strategies that are in service of those we seek to serve. This article describes an underlying process of identifying and applying equity considerations in the evidence considered for strategy development in the context of a large, national foundation. The aim was to develop a “common evidence base” — the core of which was a database library — and what was understood from the evidence was synthesized to bring together what was currently known, the edges of the foundation’s understanding, and emerging questions. After the gaps were identified, new ways were tested for bringing the voices of those most impacted more directly to the foundation and into that common evidence base to inform the developing strategy. The aperture of evidence was broadened to recognize that all information has some bias, and that bias can be mitigated by a robust consideration of a broad variety of information centered on the priority population. Using this more expanded view, the foundation team began considering the application of a more equitable approach to the use of evidence in strategy and, later, evaluation, and it was then integrated into various strategy development frameworks and tools. This article presents what was learned from the exploration of the foundation’s tacit definition of evidence, how a new definition was developed, and some new approaches that were applied to generating evidence that centers the voices of those most impacted

MOOCs Meet Measurement Theory: A Topic-Modelling Approach

This paper adapts topic models to the psychometric testing of MOOC students based on their online forum postings. Measurement theory from education and psychology provides statistical models for quantifying a person's attainment of intangible attributes such as attitudes, abilities or intelligence. Such models infer latent skill levels by relating them to individuals' observed responses on a series of items such as quiz questions. The set of items can be used to measure a latent skill if individuals' responses on them conform to a Guttman scale. Such well-scaled items differentiate between individuals and inferred levels span the entire range from most basic to the advanced. In practice, education researchers manually devise items (quiz questions) while optimising well-scaled conformance. Due to the costly nature and expert requirements of this process, psychometric testing has found limited use in everyday teaching. We aim to develop usable measurement models for highly-instrumented MOOC delivery platforms, by using participation in automatically-extracted online forum topics as items. The challenge is to formalise the Guttman scale educational constraint and incorporate it into topic models. To favour topics that automatically conform to a Guttman scale, we introduce a novel regularisation into non-negative matrix factorisation-based topic modelling. We demonstrate the suitability of our approach with both quantitative experiments on three Coursera MOOCs, and with a qualitative survey of topic interpretability on two MOOCs by domain expert interviews.Comment: 12 pages, 9 figures; accepted into AAAI'201

Contribution of reactive and proactive control to children's working memory performance:Insight from item recall durations in response sequence planning

The present study addressed whether developmental improvement in working memory span task performance relies upon a growing ability to proactively plan response sequences during childhood. Two hundred thirteen children completed a working memory span task in which they used a touchscreen to reproduce orally presented sequences of animal names. Children were assessed longitudinally at 7 time points between 3 and 10 years of age. Twenty-one young adults also completed the same task. Proactive response sequence planning was assessed by comparing recall durations for the 1st item (preparatory interval) and subsequent items. At preschool age, the preparatory interval was generally shorter than subsequent item recall durations, whereas it was systematically longer during elementary school and in adults. Although children mostly approached the task reactively at preschool, they proactively planned response sequences with increasing efficiency from age 7 on, like adults. These findings clarify the nature of the changes in executive control that support working memory performance with age