What is happening to the U.S. dollar?

Excerpts from an address at the meeting of the International Trade Club of Chicago, February 9, 1978

The economy and the banking system

Excerpt from a speech made to the Assembly for Bank Directors, Harbour Castle, Toronto, Canada, June 7, 1979

Stability of switched linear differential systems

We study the stability of switched systems where the dynamic modes are described by systems of higher-order linear differential equations not necessarily sharing the same state space. Concatenability of trajectories at the switching instants is specified by gluing conditions, i.e. algebraic conditions on the trajectories and their derivatives at the switching instant. We provide sufficient conditions for stability based on LMIs for systems with general gluing conditions. We also analyse the role of positive-realness in providing sufficient polynomial-algebraic conditions for stability of two-modes switched systems with special gluing conditions

Assessment of the potential of solar thermal small power systems in small utilities

The potential economic benefit of small solar thermal electric power systems to small municipal and rural electric utilities is assessed. Five different solar thermal small power system configurations were considered in three different solar thermal technologies. The configurations included: (1) 1 MW, 2 MW, and 10 MW parabolic dish concentrators with a 15 kW heat engine mounted at the focal point of each dish, these systems utilized advanced battery energy storage; (2) a 10 MW system with variable slat concentrators and central steam Rankine energy conversion, this system utilized sensible thermal energy storage; and (3) a 50 MW central receiver system consisting of a field of heliostats concentrating energy on a tower-mounted receiver and a central steam Rankine conversion system, this system also utilized sensible thermal storage. The results are summarized in terms of break-even capital costs. The break-even capital cost was defined as the solar thermal plant capital cost which would have to be achieved in order for the solar thermal plants to penetrate 10 percent of the reference small utility generation mix by the year 2000. The calculated break-even capital costs are presented

Utilizing the bank holding company

Excerpts from a speech to the Assembly for Bank Directors, Southhampton Princess, Bermuda, May 26, 1980

Spectroscopic study of unique line broadening and inversion in low-pressure microwave generated water plasmas

It was demonstrated that low pressure (~0.2 Torr) water vapor plasmas generated in a 10 mm inner diameter quartz tube with an Evenson microwave cavity show at least two features which are not explained by conventional plasma models. First, significant (> 0.25 nm) hydrogen Balmer_ line broadening, of constant width, up to 5 cm from the microwave coupler was recorded. Only hydrogen, and not oxygen, showed significant line broadening. This feature, observed previously in hydrogen-containing mixed gas plasmas generated with high voltage dc and rf discharges was explained by some researchers to result from acceleration of hydrogen ions near the cathode. This explanation cannot apply to the line broadening observed in the (electrodeless) microwave plasmas generated in this work, particularly at distances as great as 5 cm from the microwave coupler. Second, inversion of the line intensities of both the Lyman and Balmer series, again, at distances up to 5 cm from the coupler, were observed. The line inversion suggests the existence of a hitherto unknown source of pumping of the optical power in plasmas. Finally, it is notable that other aspects of the plasma including the OH* rotational temperature and low electron concentrations are quite typical of plasmas of this type.Comment: 27 pages, 7 figure

Performing against the odds: developmental trajectories of children in the EPPSE 3 to 16 study

The Effective Pre-School, Primary and Secondary Education (EPPSE 3 to 16) research project is a large scale, longitudinal, mixed-methods research that is following the progress of 3,000 children since 1997 from the age of 3- to 16-years-old. A focus for EPPSE has been the extent to which pre-school, compulsory education and children’s home learning experiences (HLE) can reduce inequality. Earlier EPPSE found that what parents did with their children was important in terms of the children’s outcomes, not simply ‘who they were’ in terms of social class and income. Following a pilot study with disadvantaged children who were ‘succeeding against the odds’ towards the end of primary school, this study provides in-depth exploration and explanation of how risks and protective factors in the lives of children shape their learning life-courses, and why they lead to academic resilience for some but not for others