Response analysis of an automobile shipping container

The design and development of automobile shipping containers to reduce enroute damage are discussed. Vibration tests were conducted to determine the system structural integrity. A dynamic analysis was made using NASTRAN and the results of the test and the analysis are compared

Rodent astrocyte sub-types in vittro

Imperial Users onl

Job creation and regional change under New Labour : a shift-share analysis

The paper examines changes in UK regional employment during the period of the New Labour administration, 1997–2010, with the Blair and Brown administrations considered separately. The paper employs a shift-share analysis of workplace employment data by industry and subregion, using annual data from the UK Labour Force Survey. The results reveal significant regional shifts, with interesting spatial dynamics in and around the capital and resilient employment growth in the provinces

A Red Flag for Hong Kong Credit Ratings

In July 2011 Moody’s Investors Service Hong Kong issued a report that used a system of red flags to highlight corporate governance and accounting risks in a specified population of listed companies. Although Moody’s did not consider the report a credit rating, the Securities and Futures Commission, and the Securities and Futures Appeals Tribunal in its March 2016 determination, regarded the issuance of it as part of Moody’s regulated activity as a provider of credit rating services. As such, Moody’s was held subject to regulatory codes of conduct it was said to have breached, and was consequently disciplined. Moody’s has since appealed that determination, which will bring the case before the Court of Appeal. This paper undertakes a detailed legal analysis of the Tribunal’s determination. It suggests the Tribunal’s purposive approach to legislative interpretation is flawed, and its determination impaired by the way the Tribunal has framed the syntax of its reasoning and has conflated important distinctions between credit risk, creditworthiness, credit ratings and the methodology used to produce a rating opinion. Other legislative provisions relevant to the publication of information are reviewed and it is noted there is no lacuna in Hong Kong’s law that would necessitate the approach taken by the Tribunal to address the perceived wrongdoing. Whether the Tribunal’s interpretation of the law is necessary or consistent with the policy intent of the Legislature is queried. The ramifications of a Court of law upholding the Tribunal’s determination are considered. Locally this includes blurring the perimeter around regulated and unregulated activities and the possible creation of an uneven playing field. Of particular significance for Hong Kong’s credit rating industry, it may create uncertainties as to whether Hong Kong would remain an equivalent jurisdiction for the purposes of recognition under European Union regulations. The paper concludes with a brief consideration of the regulatory approach to managing the introduction of a new regulatory regime.postprin

Does Hong Kong Remain an Equivalent Jurisdiction for the EU Credit Rating Regime?

Credit ratings issued by credit rating agencies regulated in Hong Kong are serviceable in the European Union (EU) because Hong Kong is recognized for these purposes as an equivalent jurisdiction. The perimeter of Hong Kong’s credit rating regime has recently come under the scrutiny of the Securities and Futures Appeals Tribunal, which has established important boundary lines impacting on the authorization, supervision and enforcement of the credit rating industry in Hong Kong. This article analyzes the case and identifies four elements central to it, namely, the information-based, document-based and act-based perimeters of the Hong Kong regime as well as its primary regulatory objective. It is suggested that the Tribunal’s approach to these elements may represent a material departure of Hong Kong’s legal and supervisory framework from the regime in the EU that could adversely affect Hong Kong’s standing as an equivalent jurisdiction.postprin

Third Interger Resonance Slow Extraction Using RFKO at High Space Charge

A proposal to search for direct {\mu}-->e conversion at Fermilab requires slow, resonant extraction of an intense proton beam. Large space charge forces will present challenges, partly due to the substantial betatron tune spread. The main challenges will be maintaining a uniform spill profile and moderate losses at the septum. We propose to use "radio frequency knockout" (RFKO) for fine tuning the extraction. Strategies for the use of the RFKO method will be discussed here in the context of the Mu2e experiment. The feasibility of this method has been demonstrated in simulations.Comment: 3 pp. 2nd International Particle Accelerator Conference: IPAC 2011. 4-9 Sep 2011. San Sebastian, Spai

Parental and community involvement in reading education

Research shows the effects of parental involvement in reading education to be beneficial to students, parents, teachers, and schools. Parental involvement can aid students in keeping up with (and possibly catching up with) grade level reading, learn to appreciate books, and about the various ways of communication in real life situations. Parent involvement helps parents gain the understanding of their children\u27s strengths and weaknesses in literacy acquisition and the opportunity to assist in their development. Teachers may gain an insight into students, and their literate activities outside of school, which might help with curriculum development. At the same time, schools save money and individual instruction time by alleviating the need for more specialized in-school instruction

Environmental policy, innovation and performance : new insights on the Porter hypothesis

Jaffe and Palmer (1997) present three distinct variants of the so-called Porter Hypothesis. The “weak” version of the hypothesis posits that environmental regulation will stimulate certain kinds of environmental innovations. The “narrow” version of the hypothesis asserts that flexible environmental policy regimes give firms greater incentive to innovate than prescriptive regulations, such as technology-based standards.Finally, the “strong” version posits that properly designed regulation may induce cost-saving innovation that more than compensates for the cost of compliance. In this paper, we test the significance of these different variants of the Porter Hypothesis using data on the four main elements of the hypothesised causality chain (environmental policy, research and development, environmental performance and commercial performance). The analysis is based upon a unique database which includes observations from approximately 4200 facilities in seven OECD countries. In general, we find strong support for the “weak” version, qualified support for the “narrow” version, and qualified support for the “strong” version as well.PORTHER HYPOTHESIS;ENVIRONMENTAL POLICY;INNOVATION;ENVIRONMENTAL PERFORMANCE;BUSINESS PERFORMANCE