1,335 research outputs found

    List of Iowa Clover Insects and Observations on Some of Them

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    The following list of Iowa clover insects comprises those species enumerated by Profs. J. A. Lintner and C. M. Weed as clover feeders which are known to occur in the State with such additions as personal observation or accepted authority will permit. All insects listed occur in the collections of the Iowa Agricultural College, and the notes in connection with any individual insect refer only to its occurrence on clover

    The idiosyncratic pattern of Russian corporate dividend policy during its formative era

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    © 2018 The Authors Annals of Public and Cooperative Economics © 2018 CIRIEC In general, the dividend payout pattern for Russian corporations during their formative period from 1998 to 2006 was seemingly independent of company earnings, size, growth opportunities and capital structure, as such firm policies appear not to conform to any of the main extant dividend payout theories. The only exception we find is that of utility firms, which were inclined to pay consistent dividends. Utility firms tended to be partly owned by the state and were subject to price regulation. Consequently, they may have had limited investment prospects. Our findings suggest that dividend payout policies in non-market economies may be driven by non-traditional determinants, such as the state's overall industrial strategy

    High Variability of Mesenchymal Stem Cells Obtained via Bone Marrow Aspirate Concentrate Compared With Traditional Bone Marrow Aspiration Technique

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    Background: Bone marrow aspirate (BMA) is a common source for harvesting mesenchymal stem cells (MSCs), other progenitor cells, and associated cytokines and growth factors to be used in the biologic treatment of various orthopaedic pathologies. The aspirate is commonly centrifuged into a concentrated volume that can be immediately administered to a patient using commercially available kits. However, the handling and efficacy of BMA concentrate (BMAC) are still controversial. Purpose: To characterize BMA versus BMAC for MSC quantity, potency, and cytokine profile. Study Design: Controlled laboratory study. Methods: From 8 participants (age, 17-68 years), 30 mL of bone marrow was aspirated by a single surgeon from either the proximal humerus or distal femur and was separated into 2 equal samples. One sample was kept as BMA, and the other half was centrifuged into BMAC. The 2 samples then underwent flow cytometry for detection of MSCs, cell analysis for colony-forming units (CFUs), and cytokine profiling. A 2-tailed t test was used to detect differences between MSCs, CFUs, and cytokine density concentrations between BMA and BMAC. Results: The average concentration of MSCs in both BMA and BMAC was 0.001%. Average MSC events detected by flow cytometry were significantly higher in BMA versus BMAC (15.1 and 8.1, respectively; P < .045). Expanded MSCs demonstrated similar phenotypes, but CFUs were significantly increased in BMA compared with BMAC (104 vs 68 CFUs, respectively; P < .001). Total protein concentration and cytokine profiling demonstrated great variability between BMA and BMAC and between patients. Most importantly, BMAC failed to concentrate MSCs in 6 of 8 samples. Conclusion: There is great variability in MSC concentration, total protein concentration, and cytokine profile between BMA and BMAC. Clinical Relevance: When studying the clinical efficacy of BMAC, one must also evaluate the sample itself to determine the presence, concentration, and potency of MSCs if this is to be considered a cell-based therapy. Further standard operating procedures need to be investigated to ensure reproducible results and appropriate treatments

    The Political Economy of Myanmar's Transition

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    This is an Author's Original Manuscript of an article whose final and definitive form, the Version of Record, has been published in the JOURNAL OF CONTEMPORARY ASIA, 07 Feb 2013, copyright Taylor & Francis, available online at: http://www.tandfonline.com/10.1080/00472336.2013.764143.Since holding elections in 2010, Myanmar has transitioned from a direct military dictatorship to a formally democratic system and has embarked on a period of rapid economic reform. After two decades of military rule, the pace of change has startled almost everyone and led to a great deal of cautious optimism. To make sense of the transition and assess the case for optimism, this article explores the political economy of Myanmar's dual transition from state socialism to capitalism and from dictatorship to democracy. It analyses changes within Myanmar society from a critical political economy perspective in order to both situate these developments within broader regional trends and to evaluate the country's current trajectory. In particular, the emergence of state-mediated capitalism and politico-business complexes in Myanmar's borderlands are emphasised. These dynamics, which have empowered a narrow oligarchy, are less likely to be undone by the reform process than to fundamentally shape the contours of reform. Consequently, Myanmar's future may not be unlike those of other Southeast Asian states that have experienced similar developmental trajectories

    Surface Temperature Probability Distributions in the NARCCAP Hindcast Experiment: Evaluation Methodology, Metrics, and Results

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    Methodology is developed and applied to evaluate the characteristics of daily surface temperature distributions in a six-member regional climate model (RCM) hindcast experiment conducted as part of the North American Regional Climate Change Assessment Program (NARCCAP). A surface temperature dataset combining gridded station observations and reanalysis is employed as the primary reference. Temperature biases are documented across the distribution, focusing on the median and tails. Temperature variance is generally higher in the RCMs than reference, while skewness is reasonably simulated in winter over the entire domain and over the western United States and Canada in summer. Substantial differences in skewness exist over the southern and eastern portions of the domain in summer. Four examples with observed long-tailed probability distribution functions (PDFs) are selected for model comparison. Long cold tails in the winter are simulated with high fidelity for Seattle, Washington, and Chicago, Illinois. In summer, theRCMs are unable to capture the distribution width and long warm tails for the coastal location of Los Angeles, California, while long cold tails are poorly realized for Houston, Texas. The evaluation results are repeated using two additional reanalysis products adjusted by station observations and two standard reanalysis products to assess the impact of observational uncertainty. Results are robust when compared with those obtained using the adjusted reanalysis products as reference, while larger uncertainties are introduced when standard reanalysis is employed as reference. Model biases identified in this work will allow for further investigation into associated mechanisms and implications for future simulations of temperature extremes

    Evaluating Greek equity funds using data envelopment analysis

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    This study assesses the relative performance of Greek equity funds employing a non-parametric method, specifically Data Envelopment Analysis (DEA). Using an original sample of cost and operational attributes we explore the e¤ect of each variable on funds' operational efficiency for an oligopolistic and bank-dominated fund industry. Our results have significant implications for the investors' fund selection process since we are able to identify potential sources of inefficiencies for the funds. The most striking result is that the percentage of assets under management affects performance negatively, a conclusion which may be related to the structure of the domestic stock market. Furthermore, we provide evidence against the notion of funds' mean-variance efficiency

    WARNING: Physics Envy May Be Hazardous To Your Wealth!

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    The quantitative aspirations of economists and financial analysts have for many years been based on the belief that it should be possible to build models of economic systems - and financial markets in particular - that are as predictive as those in physics. While this perspective has led to a number of important breakthroughs in economics, "physics envy" has also created a false sense of mathematical precision in some cases. We speculate on the origins of physics envy, and then describe an alternate perspective of economic behavior based on a new taxonomy of uncertainty. We illustrate the relevance of this taxonomy with two concrete examples: the classical harmonic oscillator with some new twists that make physics look more like economics, and a quantitative equity market-neutral strategy. We conclude by offering a new interpretation of tail events, proposing an "uncertainty checklist" with which our taxonomy can be implemented, and considering the role that quants played in the current financial crisis.Comment: v3 adds 2 reference

    Determinants of Restaurant Systematic Risk: A Reexamination

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    This study reexamines determinants of the systematic risk or beta of restaurant firms based on the financial data of 75 U.S. restaurant firms from 1996 through 1999. Our weighted least-squares regression analysis found that restaurant systematic risk correlated negatively with assets turnover but positively with quick ratio. The findings suggest that high efficiency in generating sales revenue helps lower the systematic risk, while excess liquidity tends to increase the risk
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