Testing for convergence in stock markets: A non-linear factor approach

This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the analysis on both sectors and individual industries within sectors. As a first step, we use the Stock and Watson (1998) procedure to filter the data in order to extract the long-run component of the series; then, following Phillips and Sul (2007), we estimate the relative transition parameters. In the case of sectoral indices we find convergence in the middle of the sample period, followed by divergence, and detect four (two large and two small) clusters. The analysis at a disaggregate, industry level again points to convergence in the middle of the sample, and subsequent divergence, but a much larger number of clusters is now found. Splitting the cross-section into two subgroups including Euro area countries, the UK and the US respectively, provides evidence of a global convergence/divergence process not obviously influenced by EU policies

Combination of hypomorphic mutations of the Drosophila homologues of aryl hydrocarbon receptor and nucleosome assembly protein family genes disrupts morphogenesis, memory and detoxification

Aryl hydrocarbon receptor is essential for biological responses to endogenous and exogenous toxins in mammals. Its Drosophila homolog spineless plays an important role in fly morphogenesis. We have previously shown that during morphogenesis spineless genetically interacts with CG5017 gene, which encodes a nucleosome assembly factor and may affect cognitive function of the fly. We now demonstrate synergistic interactions of spineless and CG5017 in pathways controlling oxidative stress response and long-term memory formation in Drosophila melanogaster. Oxidative stress was induced by low doses of X-ray irradiation of flies carrying hypomorphic mutation of spineless, mutation of CG5017, and their combination. To determine the sensitivity of these mutants to pharmacological modifiers of the irradiation effect, we irradiated flies growing on standard medium supplemented by radiosensitizer furazidin and radioprotector serotonin. The effects of irradiation were investigated by analyzing leg and antenna morphological structures and by using real-time PCR to measure mRNA expression levels for spineless, Cyp6g1 and Gst-theta genes. We also examined long-term memory in these mutants using conditioned courtship suppression paradigm. Our results show that the interaction of spineless and CG5017 is important for regulation of morphogenesis, long-term memory formation, and detoxification during oxidative stress. Since spineless and CG5017 are evolutionary conserved, these results must be considered when evaluating the risk of combining similar mutations in other organisms, including humans

Excitations in the Halo Nucleus He-6 Following The Li-7(gamma,p)He-6 Reaction

A broad excited state was observed in 6-He with energy E_x = 5 +/- 1 MeV and width Gamma = 3 +/- 1 MeV, following the reaction Li-7(gamma,p)He-6. The state is consistent with a number of broad resonances predicted by recent cluster model calculations. The well-established reaction mechanism, combined with a simple and transparent analysis procedure confers considerable validity to this observation.Comment: 3 pages of LaTeX, 3 figures in PostScript, approved for publication in Phys. Rev. C, August, 200

A novel long non-coding natural antisense RNA is a negative regulator of Nos1 gene expression

Long non-coding natural antisense transcripts (NATs) are widespread in eukaryotic species. Although recent studies indicate that long NATs are engaged in the regulation of gene expression, the precise functional roles of the vast majority of them are unknown. Here we report that a long NAT (Mm-antiNos1 RNA) complementary to mRNA encoding the neuronal isoform of nitric oxide synthase (Nos1) is expressed in the mouse brain and is transcribed from the non-template strand of the Nos1 locus. Nos1 produces nitric oxide (NO), a major signaling molecule in the CNS implicated in many important functions including neuronal differentiation and memory formation. We show that the newly discovered NAT negatively regulates Nos1 gene expression. Moreover, our quantitative studies of the temporal expression profiles of Mm-antiNos1 RNA in the mouse brain during embryonic development and postnatal life indicate that it may be involved in the regulation of NO-dependent neurogenesis

SphinX: The Solar Photometer in X-Rays

Solar Photometer in X-rays (SphinX) was a spectrophotometer developed to observe the Sun in soft X-rays. The instrument observed in the energy range ≈ 1 - 15 keV with resolution ≈ 0.4 keV. SphinX was flown on the Russian CORONAS-PHOTON satellite placed inside the TESIS EUV and X telescope assembly. The spacecraft launch took place on 30 January 2009 at 13:30 UT at the Plesetsk Cosmodrome in Russia. The SphinX experiment mission began a couple of weeks later on 20 February 2009 when the first telemetry dumps were received. The mission ended nine months later on 29 November 2009 when data transmission was terminated. SphinX provided an excellent set of observations during very low solar activity. This was indeed the period in which solar activity dropped to the lowest level observed in X-rays ever. The SphinX instrument design, construction, and operation principle are described. Information on SphinX data repositories, dissemination methods, format, and calibration is given together with general recommendations for data users. Scientific research areas in which SphinX data find application are reviewed

Sub-200-kHz single soliton generation in a long ring Er-fiber laser with strict polarization control by using twisted fiber

In the present work we demonstrate a novel single-soliton ultra-low pulse repetition frequency passively modelocked erbium-doped fiber laser. We mitigate the residual linear birefringence of fiber by fiber twist to achieve a strict control of polarization. For mode-locking the nonlinear polarization rotation (NPR) was used. Special technique was applied to reduce the overdriving of NPR that allows the generation of single soliton in ultra-long cavity. The strict control of polarization yields a stable relation between the polarization state of the pulses propagating in the cavity and the regimes of generation. A 192.12-kHz train of soliton pulses was obtained with pulse duration of 4.7 ps at 1560.1 nm, the average power was 29 μW and the estimated peak power was ̴30.8 W with an energy of 150.9 pJ

Tunable dual-wavelength operation of an all- fiber thulium-doped fiber laser based on tunable fiber Bragg gratings

Tunable dual-wavelength emission of a Tm-doped fiber laser based on two fiber Bragg gratings(FBGs) is experimentally demonstrated. By using two FBGs with central wavelengths at 2069.30 and 2069.44 nm, stable dual-wavelength laser generation in the 2 μm wavelength region is achieved by adjusting the differential loss of the two wavelengths in the laser cavity. Strain applied on the FBG allows independent tuning of the simultaneously generated wavelengths with separation between the laser lines in a range from 0.54 to 9 nm. The laser has output power fluctuations less than 0.093% for an output power of 77.3 mW