Can an ethical revival of prudence within prudential regulation tackle corporate psychopathy?

The view that corporate psychopathy played a significant role in causing the global financial crisis, although insightful, paints a reductionist picture of what we present as the broader issue. Our broader issue is the tendency for psychopathy, narcissism and Machiavellianism to cluster psychologically and culturally as ‘dark leadership’ within global financial institutions. Strong evidence for their co-intensification across society and in corporations ought to alarm financial regulators. We argue that an ‘ethical revival’ of prudence within prudential regulation ought to be included in any package of solutions. Referencing research on moral muteness and the role of language in framing thoughts and behaviours, we recommend that regulators define prudence in an explicitly normative sense, an approach that may be further strengthened by drawing upon a widely appealing ethic of intergenerational care. An ethical revival of prudence, we argue, would allow the core problems of greed and myopia highlighted by corporate psychopathy theory to be addressed in a politically sensitive manner which recognises the pitfalls of regulating directly against corporate psychopathy. Furthermore, it would provide a viable conceptual framework to guide regulators along the treacherous path to more intrusive cultural regulation

Performance of Particle Flow Calorimetry at CLIC

The particle flow approach to calorimetry can provide unprecedented jet energy resolution at a future high energy collider, such as the International Linear Collider (ILC). However, the use of particle flow calorimetry at the proposed multi-TeV Compact Linear Collider (CLIC) poses a number of significant new challenges. At higher jet energies, detector occupancies increase, and it becomes increasingly difficult to resolve energy deposits from individual particles. The experimental conditions at CLIC are also significantly more challenging than those at previous electron-positron colliders, with increased levels of beam-induced backgrounds combined with a bunch spacing of only 0.5 ns. This paper describes the modifications made to the PandoraPFA particle flow algorithm to improve the jet energy reconstruction for jet energies above 250 GeV. It then introduces a combination of timing and p_T cuts that can be applied to reconstructed particles in order to significantly reduce the background. A systematic study is performed to understand the dependence of the jet energy resolution on the jet energy and angle, and the physics performance is assessed via a study of the energy and mass resolution of W and Z particles in the presence of background at CLIC. Finally, the missing transverse momentum resolution is presented, and the fake missing momentum is quantified. The results presented in this paper demonstrate that high granularity particle flow calorimetry leads to a robust and high resolution reconstruction of jet energies and di-jet masses at CLIC.Comment: 14 pages, 11 figure

Representation of second-order polarisation mode dispersion

A new expansion for the Jones matrix of a transmission medium is used to describe high-order polarisation dispersion. Each term in the expansion is characterised by a pair of principal states and the corresponding dispersion parameters. With these descriptors, a new expression for pulse deformation is derived and confirmed by simulation

Inverse Medea as a Novel Gene Drive System for Local Population Replacement: A Theoretical Analysis

One strategy to control mosquito-borne diseases, such as malaria and dengue fever, on a regional scale is to use gene drive systems to spread disease-refractory genes into wild mosquito populations. The development of a synthetic Medea element that has been shown to drive population replacement in laboratory Drosophila populations has provided encouragement for this strategy but has also been greeted with caution over the concern that transgenes may spread into countries without their consent. Here, we propose a novel gene drive system, inverse Medea, which is strong enough to bring about local population replacement but is unable to establish itself beyond an isolated release site. The system consists of 2 genetic components—a zygotic toxin and maternal antidote—which render heterozygous offspring of wild-type mothers unviable. Through population genetic analysis, we show that inverse Medea will only spread when it represents a majority of the alleles in a population. The element is best located on an autosome and will spread to fixation provided any associated fitness costs are dominant and to very high frequency otherwise. We suggest molecular tools that could be used to build the inverse Medea system and discuss its utility for a confined release of transgenic mosquitoes

HRXRD study of the theoretical densities of novel reactive sintered boride candidate neutron shielding materials

Reactive Sintered Borides (RSBs) are novel borocarbide materials derived from FeCr-based cemented tungsten (FeCr-cWCs) show considerable promise as compact radiation armour for proposed spherical tokamak,[1],[2],[3],[4],[5]. Six candidate compositions (four RSBs, two cWCs) were evaluated by high-resolution X-ray diffraction (XRD), inductively coupled plasma (ICP), energy dispersive X-ray analysis (EDX) and scanning electron microscopy (SEM) to determine the atomic composition, phase presence, and theoretical density. RSB compositions were evaluated with initial boron contents equivalent to 25 at% 30 at%. All RSB compositions showed delamination and carbon enrichment in the bulk relative to the surface, consistent with non-optimal binder removal and insufficient sintering time. Phase abundance within RSBs derived from powder XRD was dominated by iron tungsten borides (FeWB/FeW2B2), tungsten borides (W2B5/WB) and iron borides. The most optimal RSB composition (B5T522W) with respect to physical properties and highest ρ/ρtheo had ρtheo = 12.59 ± 0.01 g cm-3 for ρ/ρtheo = 99.3% and had the weigh-in and post-sintered W : B : Fe abundance closest to 1 : 1 : 1. This work indicates that despite their novelty, RSB materials can be optimized and in principle be processed using existing cWC processing routes

Correlative Capacity of Composite Quantum States

We characterize the optimal correlative capacity of entangled, separable, and classically correlated states. Introducing the notions of the infimum and supremum within majorization theory, we construct the least disordered separable state compatible with a set of marginals. The maximum separable correlation information supportable by the marginals of a multi-qubit pure state is shown to be an LOCC monotone. The least disordered composite of a pair of qubits is found for the above classes, with classically correlated states defined as diagonal in the product of marginal bases.Comment: 4 pages, 1 figur

Statistical determination of the length dependence of high-order polarization mode dispersion

We describe a method of characterizing high-order polarization mode dispersion (PMD).Using a new expansion to approximate the Jones matrix of a polarization-dispersive medium, we study the length dependence of high-order PMD to the fourth order. A simple rule for the asymptotic behavior of PMD for short and long fibers is found. It is also shown that, in long fibers (~1000 km), at 40 Gbits/s the third- and fourth-order PMD may become comparable to the second-order PMD

Polarization switching and induced birefringence in InGaAsP multiple quantum wells at 1.5 mu m

We analyze the 1.5mum wavelength operation of a room temperature polarization switch based on electron spin dynamics in InGaAsP multiple quantum wells. An unexpected difference in response for left and right circularly polarized pump light in pump-probe measurements was discovered and determined to be caused by an excess carrier induced birefringence. Transient polarization rotation and ellipticity were measured as a function of time delay. (C) 2002 American Institute of Physics.</p