Capital and liquidity ratios and financial distress. Evidence from the European banking industry

Using a large bank-level dataset, we test the relevance of both structural liquidity and capital ratios, as defined in Basel III, on banks' probability of failure. To include all relevant episodes of bank failure and distress (F&D) occurring in the EU-28 member states over the past decade, we develop a broad indicator that includes information not only on bankruptcies, liquidations, under receivership and dissolved banks, but also accounts for state interventions, mergers in distress and EBA stress test results. Estimates from several versions of the logistic probability model indicate that the likelihood of failure and distress decreases with increased liquidity holdings, while capital ratios are significant only for large banks. Our results provide support for Basel III's initiatives on structural liquidity and for the increased regulatory focus on large and systemically important banks

Living with HIV after Release from Prison: An Evaluation of the Long-term Health of Formerly Incarcerated Individuals who used Michigan’s Community Reentry Service

In 2003, Michigan implemented a reentry service to assist HIV-infected people incarcerated in state prisons in linking to HIV medical care immediately upon their release. We examined whether formerly incarcerated people were linked to care successfully, remained in care, and were in good health 3 years after their date of release. In all, 190 people used the service over the 5 years following its inception. Only a minority of those who were alive and not reincarcerated at the time of the evaluation engaged consistently with medical care. Unsurprisingly given low rates of engagement in care, 3 years after their release only 27% had achieved viral suppression. Concerted efforts to support formerly incarcerated HIV-infected individuals’ engagement in care over the long term are urgently needed

Endpoint thermodynamics of an atomic Fermi gas subject to a Feshbach resonance

The entropy and kinetic, potential, and interaction energies of an atomic Fermi gas in a trap are studied under the assumption of thermal equilibrium for finite temperature. A Feshbach resonance can cause the fermions to pair into diatomic molecules. The entropy and energies of mixtures of such molecules with unpaired atoms are calculated, in relation to recent experiments on molecular Bose-Einstein condensates produced in this manner. It is shown that, starting with a Fermi gas of temperature $T= 0.1 T_F^0$, where $T_F^0$ is the non-interacting Fermi temperature, an extremely cold degenerate Fermi gas of temperature $T \lesssim 0.01 T_F^0$ may be produced without further evaporative cooling. This requires adiabatic passage of the resonance, subsequent sudden removal of unpaired atoms, and adiabatic return. We also calculate the ratio of the interaction energy to the kinetic energy, a straightforward experimental signal which may be used to determine the temperature of the atoms and indicate condensation of the molecules.Comment: 12 pages, 5 figure

Enhanced Eshelby twist on thin wurtzite InP nanowires and measurement of local crystal rotation

We have performed a detailed study of the lattice distortions of InP wurtzite nanowires containing an axial screw dislocation. Eshelby predicted that this kind of system should show a crystal rotation due to the dislocation induced torque. We have measured the twisting rate and the dislocation Burgers vector on individual wires, revealing that nanowires with a 10-nm radius have a twist up to 100% larger than estimated from elasticity theory. The strain induced by the deformation has a Mexican-hat-like geometry, which may create a tube-like potential well for carriers

Malacoraja obscura, Brazilian Soft Skate

The Brazilian Soft Skate (Malacoraja obscura) is a small (to 68 cm total length) skate that has a very restricted range in the Southwest Atlantic Ocean from central Espírito Santo and northern Rio de Janeiro states in Brazil. It inhabits the continental slope at depths of 808-1,105 m. Although Extent of Occurrence cannot be calculated because the species is only known from two localities, it is suspected to be about 30,000 km2 (if the species is assumed to inhabit the steep slope between the two known localities). Area of Occupancy is estimated at 3,680 km2 (calculated based on including the known depth range of the species between the two known localities). This skate inhabits waters currently beyond the reach of fisheries, and there are no other known threats. Therefore, the population is suspected to be stable and the Brazilian Soft Skate is assessed as Least Concern.Fil: Pollom, R.. University Fraser Simon; CanadáFil: Charvet, P.. Universidade Federal do Paraná; BrasilFil: Chiaramonte, Gustavo Enrique. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Parque Centenario. Museo Argentino de Ciencias Naturales "Bernardino Rivadavia"; ArgentinaFil: Herman, K.. Georgia Aquarium; Estados UnidosFil: Paesch, L.. Dirección Nacional de Recursos Acuáticos; UruguayFil: Rincon, G.. Universidade Federal Do Maranhao.; Brasi

Clinical significance of endometrial abnormalities: an observational study on 1020 women undergoing hysteroscopic surgery

Background: The overall clinical significance of the finding of endometrial abnormalities in predicting premalignant/malignant endometrial lesions is still incompletely determined. For this reason the management, surgical or expectant, of women in which an endometrial abnormality has been detected is debated. Methods: This retrospective study was carried out on 1020 consecutive women, 403 premenopausal and 617 postmenopausal, who underwent operative hysteroscopy in a University Hospital for suspected endometrial abnormalities, which were detected by transvaginal ultrasound (TVS) and/or office hysteroscopy. In these women, the clinical characteristics and findings at TVS and hysteroscopy were evaluated in relation to the presence/absence of premalignant/malignant endometrial lesions at pathology report. Results: The clinical characteristics considered were significantly different when the study women were compared according to their menopausal status. Premalignant/malignant lesions were found in 34/1020 (3.33%) women. Complex hyperplasia with atypia and endometrial cancer were detected in 22 (2.15%) and 12 (1.17%) cases, respectively. The postmenopausal women had a significantly higher risk of premalignant/malignant lesions than premenopausal women (O.R. = 5.098 [95% C.I.: 1.782–14.582], P < 0.005). This risk was even higher when abnormal uterine bleeding (AUB) was present (O.R. = 5.20 [95% C.I.: 2.38–11.35], P < 0.0001). The most significant associations with premalignant/malignant endometrial lesions were BMI, AUB in postmenopause, overall polyp size, atypical aspect of endometrial polyps at hysteroscopy, postmenopausal status, diabetes mellitus and patient age. Conclusions: The results of the present study suggest that the proper, aggressive or expectant, management of endometrial abnormalities should take into account both ultrasonographic and hysteroscopic findings together with the specific clinical characteristics of the patients

Spatial modulation of above-the-gap cathodoluminescence in InP nanowires

n/

Bathyraja scaphiops, Cuphead Skate

The Cuphead Skate (Bathyraja scaphiops) is a medium-sized (to 117 cm total length) skate that occurs in the Southwest Atlantic from off Rio Grande do Sul, Brazil to Tierra del Fuego, Argentina and the Falkland Islands (Malvinas). It inhabits continental and insular shelves and slopes at depths of 30?925 m. It is targeted or captured as utilized bycatch in demersal trawl fisheries, including the southern Brazil otter trawl fishery, the Patagonian scallop and hake fisheries, and the Falkland Islands (Malvinas) targeted multi-species skate fishery. At the northern extent of its range in southern Brazil, it is captured in the otter trawl fishery which is intense; reductions in the population are suspected there but there are no data. In the Argentina-Uruguay Common Fishing Zone (AUCFZ), this species was captured frequently in commercial trawls between 1984 and 2009. On the shelf edge off Argentina between Buenos Aires and northern Santa Cruz, this species was present in 9% of research trawls in the area trawled by the Patagonian scallop fishery in 2010. In the Falkland Islands (Malvinas), this species made up an average of 3.5% of the catch in the multi-species skate fishery between 1993 and 2013, with no clear trend in catch-per-unit-effort over that time frame. Overall, although this species is subjected to substantial fishing pressure, it has remained common in catches and it may have refuge over rough substrates that are untrawlable. Although fisheries are likely leading to some reduction in population size, the level is not suspected to approach the thresholds for a threatened assessment. Therefore, the Cuphead Skate is assessed as Least Concern.Fil: Pollom, R.. University Fraser Simon; CanadáFil: Charvet, P.. Universidade Federal do Paraná; BrasilFil: Chiaramonte, Gustavo Enrique. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Parque Centenario. Museo Argentino de Ciencias Naturales "Bernardino Rivadavia". Estación Hidrobiológica de Puerto Quequén (sede Quequén); ArgentinaFil: Cuevas, J.M.. Wildlife Conservation Society; Estados UnidosFil: Herman, K.. Georgia Aquarium; Estados UnidosFil: Paesch, L.. Direccion Nacional de Recursos Acuaticos ; UruguayFil: Pompert, J.. No especifíca;Fil: Rincon, G.. Universidade Federal Do Maranhao.; Brasi