Interest Rate Variability and Manufacturing Industry Cash Flow: An Empirical Analysis

To examine the impact of floating rate loans and interest rate volatility on aggregate cash flow, quarterly data covering the period 1974 to 1990 for 14 two-digit Standard Industrial Classification manufacturing industries were analyzed. The results indicate that changes in the short-term interest rate and-or interest rate volatility have a significantly negative impact on the cash flow of a total of 11 of the 14 firms considered. Although the inverse relationship between corporate cash flow and interest rate is worth mentioning, the heterogeneity of this relationship across industries, however, is more interesting. The magnitude of the decline in cash flow tends to vary between industries, and it likely accounts for a different share of total cash flow. Firms with floating rate debt in the more sensitive industries should be especially cautious because the greater the amount of debt that is financed with floating rates, the more susceptible the firm will be to having unexpected decreases in cash flow

Alien Registration- Lebrasseur, Nathalie (Winslow, Kennebec County)

https://digitalmaine.com/alien_docs/16362/thumbnail.jp

Synthesizing an Integrated Green Infrastructure - Establishing a Conceptual Planning Framework in the Western United State’s Urbanizing Communities

Planning methodologies in the United States have continually evolved and adapted to address the myriad of environmental and social issues faced by contemporary culture (e.g., Thompson and Steiner, 1997; Calthorpe, 1993), but few have provided the framework to successfully address these subjects simultaneously and comprehensively, and fewer effectively meet the evolving demands society places on human and ecological systems, especially in urbanizing areas, where ecological fragmentation and land use conflict predominates. Currently, most spatial planning frameworks assess ecological-based and social-based systems as separate entities (Weber et al., 2006; Daniels, 2009), and our understanding of the interrelationships between these systems is incomplete (Wu, 2006). In the United States’s continually transmuting landscapes, planning practices must modify and expand (Armitage et al., 2009) to support an integrated approach to solve modern society’s complex temporal and sociospatial problems (Berkes et al., 2003; Waltner-Toews et al., 2003). In 2009, Termorshuizen and colleagues indicated the absence of such an integrated planning methodology, and to date (2013) this has not been accomplished. A crucial first step in contributing to such an approach is the initiation of a clear and consistent conceptual planning framework. This paper will provide such a framework

Endoparasites of the digestive systems of four species of pocket gophers (Genus: Geomys) in Texas

The 9 species of pocket gophers in the state of Texas are ecologically interesting in that their ranges overlap very little, leading to genetic and chromosomal variation in both pocket gopher hosts and their parasites. We examined 4 species of pocket gopher (Geomys attwateri, G. bursarius, G. personatus, and G. texensis) in Texas for helminth parasites of the digestive system. Both nematodes and cestodes were collected. Only 1 species of nematode was collected, and it was collected from all 4 pocket gopher species representing four new host records for the nematode Protospirura ascaroidea. Cestodes recovered were from two genera: Monoecocestus and Hymenolepis. There was no significant difference in prevalence or intensity of nematodes in pocket gopher hosts. Prevalence of cestode parasites varied significantly between G. bursarius and G. texensis. Intensity of cestode parasites did not differ significantly between species