Profits and balance sheet developments at U.S. commercial banks in 2004

U.S. commercial banks continued to be highly profitable in 2004. Return on assets and return on equity declined moderately, but the economy's continued expansion and supportive financial conditions helped keep bank profits in the elevated range that has prevailed since the mid-1990s. Profits were trimmed a bit by a narrowing of banks' net interest margins as the yield curve flattened and competition put pressure on loan spreads. In addition, gains in non-interest income were less pronounced than in 2003, and non-interest expenses increased. However, the continued improvement in the overall credit quality of business and household loans allowed banks to reduce their provisioning for loan and lease losses, and delinquency and charge-off rates for all loan categories trended down. Bank balance sheets also expanded. A robust housing sector and generally low interest rates supported residential mortgage lending, and increases in demand along with an easing of lending standards and terms throughout the year boosted commercial and industrial loans. Banks also reported easing their standards and terms on commercial real estate loans, and such loans increased despite soft conditions in some markets. Still-low interest rates supported the continued growth of core deposits, but the greater rise in bank assets required banks to rely more heavily on managed liabilities, which rose strongly last year.Banks and banking ; Bank profits ; Bank assets

Archaeobotanical evidence for pearl millet (Pennisetum glaucum) in sub-Saharan West Africa

The remains of pearl millet (Pennisetum glaucum) dating to 3460±200 and 2960±370 BP have been recovered at the archaeological site of Birimi, northern Ghana, associated with the Kintampo cultural complex. This finding represents the earliest known occurrence of pearl millet in sub-Saharan Africa. Results indicate that Kintampo peoples developed effective subsistence adaptations to savannas as well as tropical forest habitat

Phonological characteristics of the lexicon at 2;0 years predict language outcomes at 3;6 years

Poster session 3 - Early speech production: no. 7Toddlers’ first words are of higher mean phonological neighborhood density (ND) than words learned later. The words of children with delayed lexical development are of significantly higher mean ND than those of typically developing children. A relationship between a higher mean ND value at 2;0 years and expressive language skills at 3;6 years may indicate that early word processing difficulties inhibit ongoing development ...postprin

Combined Molecular Phylogenetic Analysis of the Orthoptera (Arthropoda, Insecta) and Implications for Their Higher Systematics

A phylogenetic analysis of mitochondrial and nuclear rDNA sequences from species of all the superfamilies of the insect order Orthoptera (grasshoppers, crickets, and relatives) confirmed that although mitochondrial sequences provided good resolution of the youngest superfamilies, nuclear rDNA sequences were necessary to separate the basal groups. To try to reconcile these data sets into a single, fully resolved orthopteran phylogeny, we adopted consensus and combined data strategies. The consensus analysis produced a partially resolved tree that lacked several well-supported features of the individual analyses. However, this lack of resolution was explained by an examination of resampled data sets, which identified the likely source of error as the relatively short length of the individual mitochondrial data partitions. In a subsequent comparison in which the mitochondrial sequences were initially combined, we observed less conflict. We then used two approaches to examine the validity of combining all of the data in a single analysis: comparative analysis of trees recovered from resampled data sets, and the application of a randomization test. Because the results did not point to significant levels of heterogeneity in phylogenetic signal between the mitochondrial and nuclear data sets, we therefore proceeded with a combined analysis. Reconstructing phylogenies under the minimum evolution and maximum likelihood optimality criteria, we examined monophyly of the major orthopteran groups, using nonparametric and parametric bootstrap analysis and Kishino-Hasegawa tests. Our analysis suggests that phylogeny reconstruction under the maximum likelihood criteria is the most discriminating approach for the combined sequences. The results indicate, moreover, that the caeliferan Pneumoroidea and Pamphagoidea, as previously suggested, are polyphyletic. The Acridoidea is redefined to include all pamphagoid families other than the Pyrgomorphidae, which we propose should be accorded superfamily statu

Applying formal verification to microkernel IPC at meta

We use Iris, an implementation of concurrent separation logic in the Coq proof assistant, to verify two queue data structures used for inter-process communication in an operating system under development. Our motivations are twofold. First, we wish to leverage formal verification to boost confidence in a delicate piece of industrial code that was subject to numerous revisions. Second, we aim to gain information on the cost-benefit tradeoff of applying a state-of-the-art formal verification tool in our industrial setting. On both fronts, our endeavor has been a success. The verification effort proved that the queue algorithms are correct and uncovered four algorithmic simplifications as well as bugs in client code. The simplifications involve the removal of two memory barriers, one atomic load, and one boolean check, all in a performance-sensitive part of the OS. Removing the redundant boolean check revealed unintended uses of uninitialized memory in multiple device drivers, which were fixed. The proof work was completed in person months, not years, by engineers with no prior familiarity with Iris. These findings are spurring further use of verification at Meta

A Qualitative Study of an Integrated Maternity, Drugs and Social Care Service for Drug-using Women

Background: The care of drug-using pregnant women is a growing health and social care concern in many countries. A specialist clinic was established offering multidisciplinary care and advice to pregnant drug users in and around Aberdeen (UK) in 1997. The majority of women stabilise and reduce their drug use. By determining the needs and views of the women more appropriate services and prevention strategies may be developed. There has been little research conducted in this area and none in Scotland. Methods: This is a qualitative study that aimed to gain an understanding of the experiences of women drug users, seeking and receiving prenatal care and drug services from a specialist clinic. Twelve women participated in semi-structured one-to-one interviews. Results: The women preferred the multidisciplinary clinic (one-stop shop) to traditional prenatal care centred within General Practice. The relationships of the clients to the range of Clinic professionals and in hospital were explored as well as attitudes to Clinic care. The study participants attributed success in reducing their drug use to the combination of different aspects of care of the multi-agency clinic, especially the high level prenatal support. It is this arrangement of all aspects of care together that seem to produce better outcomes for mother and child than single care elements delivered separately. Some women reported that their pregnancy encouraged them to rapidly detoxify due to the guilt experienced. The most important aspects of the Clinic care were found to be non-judgemental attitude of staff, consistent staff, high level of support, reliable information and multi-agency integrated care. Conclusion: There is an impetus for women drug users to change lifestyle during pregnancy. The study highlighted a need for women to have access to reliable information on the effects of drugs on the baby. Further research is required to determine whether positive outcomes related to clinic attendance in the prenatal period are sustained in the postnatal period. Early referral to a specialist clinic is of benefit to the women, as they reported to receive more appropriate care, especially in relation to their drug use. A greater awareness of needs of the pregnant drug user could help the design of more effective prevention strategies

Model of Low-pass Filtering of Local Field Potentials in Brain Tissue

Local field potentials (LFPs) are routinely measured experimentally in brain tissue, and exhibit strong low-pass frequency filtering properties, with high frequencies (such as action potentials) being visible only at very short distances ($\approx$10~$\mu m$) from the recording electrode. Understanding this filtering is crucial to relate LFP signals with neuronal activity, but not much is known about the exact mechanisms underlying this low-pass filtering. In this paper, we investigate a possible biophysical mechanism for the low-pass filtering properties of LFPs. We investigate the propagation of electric fields and its frequency dependence close to the current source, i.e. at length scales in the order of average interneuronal distance. We take into account the presence of a high density of cellular membranes around current sources, such as glial cells. By considering them as passive cells, we show that under the influence of the electric source field, they respond by polarisation, i.e., creation of an induced field. Because of the finite velocity of ionic charge movement, this polarization will not be instantaneous. Consequently, the induced electric field will be frequency-dependent, and much reduced for high frequencies. Our model establishes that with respect to frequency attenuation properties, this situation is analogous to an equivalent RC-circuit, or better a system of coupled RC-circuits. We present a number of numerical simulations of induced electric field for biologically realistic values of parameters, and show this frequency filtering effect as well as the attenuation of extracellular potentials with distance. We suggest that induced electric fields in passive cells surrounding neurons is the physical origin of frequency filtering properties of LFPs.Comment: 10 figs, revised tex file and revised fig