State-owned banks and development: Dispelling mainstream myths

Thirty years of neoliberal restructuring have side-lined alternative financing practices, and propagated mainstream myths about state-owned banks. This paper examines these neoliberal claims, arguing instead that public financing remains a crucial part of progressive, sustainable and democratic strategies for investments in long-term development and infrastructure. Drawing on past and present case studies, as well as theoretical literature on finance, the paper points to the potential to revive and improve state-owned banking as a viable option for financing public services

Post-processing of the HST STIS coronagraphic observations

In the past 20 years, the Hubble Space Telescope (HST) STIS coronagraphic instrument has observed more than 100 stars, obtaining more than 4,000 readouts since its installment on HST in 1997 and the numbers are still increasing. We reduce the whole STIS coronagraphic archive at the most commonly observed positions (Wedge A0.6 and A1.0) with new post-processing methods, and present our results here. We are able to recover all of the 32 previously reported circumstellar disks, and obtain better contrast close to the star. For some of the disks, our results are limited by the over subtraction of the methods, and therefore the major regions of the disks can be recovered except the faintest regions. We also explain our efforts in the calibration of its new BAR5 occulting position, enabling STIS to explore inner regions as close as 0.2".Comment: 14 pages, 9 figures, 2 tables. Proceedings of the SPIE, 10400-2

Exoplanet detection with simultaneous spectral differential imaging: effects of out-of-pupil-plane optical aberrations

Imaging faint companions (exoplanets and brown dwarfs) around nearby stars is currently limited by speckle noise. To efficiently attenuate this noise, a technique called simultaneous spectral differential imaging (SSDI) can be used. This technique consists of acquiring simultaneously images of the field of view in several adjacent narrow bands and in combining these images to suppress speckles. Simulations predict that SSDI can achieve, with the acquisition of three wavelengths, speckle noise attenuation of several thousands. These simulations are usually performed using the Fraunhofer approximation, i.e. considering that all aberrations are located in the pupil plane. We have performed wavefront propagation simulations to evaluate how out-of-pupil-plane aberrations affect SSDI speckle noise attenuation performance. The Talbot formalism is used to give a physical insight of the problem; results are confirmed using a proper wavefront propagation algorithm. We will show that near-focal-plane aberrations can significantly reduce SSDI speckle noise attenuation performance at several lambda/D separation. It is also shown that the Talbot effect correctly predicts the PSF chromaticity. Both differential atmospheric refraction effects and the use of a coronagraph will be discussed.Comment: 11 pages, 7 figures. To be published in Proc. SPIE Vol. 6269, p. 1147-1157, Ground-based and Airborne Instrumentation for Astronomy; Ian S. McLean, Masanori Iye; Ed

Pre-Discovery 2007 Image of the HR 8799 Planetary System

We present a pre-discovery H-band image of the HR 8799 planetary system that reveals all three planets in August 2007. The data were obtained with the Keck adaptive optics system, using angular differential imaging and a coronagraph. We confirm the physical association of all three planets, including HR 8799d, which had only been detected in 2008 images taken two months apart, and whose association with HR 8799 was least secure until now. We confirm that the planets are 2-3 mag fainter than field brown dwarfs of comparable near-infrared colors. We note that similar under-luminosity is characteristic of young substellar objects at the L/T spectral type transition, and is likely due to enhanced dust content and non-equilibrium CO/CH_4 chemistry in their atmospheres. Finally, we place an upper limit of 18 mag per square arc second on the >120 AU H-band dust-scattered light from the HR 8799 debris disk. The upper limit on the integrated scattered light flux is 1e-4 times the photospheric level, 24 times fainter than the debris ring around HR 4796A.Comment: ApJ Letters, in press; 13 pages, 3 figures, 1 tabl