Can the stock market tell bank supervisors anything they don't already know?

This article provides evidence consistent with recent policy proposals calling for a greater role for market forces in promoting a safe and sound financial system. The authors' empirical results indicate a measure of expected default probability distilled from equity prices helps predict the financial condition of individual banking organizations, as reflected in their supervisory ratings. Moreover, the stock market data have predictive power over and above the information in the quarterly financial statements available to supervisors between inspections. These findings suggest financial markets can provide useful information to supplement supervisory assessments, particularly between inspections, and point to the value of additional research to further clarify the information content of market prices and quantities.Banks and banking ; Bank examination ; Bank supervision

Energy Storage Roadmap for Northern Appalachia 2022

The Northern Appalachian counties (Western PA, Eastern OH and West Virginia) have legacy energy industry engineering, workforce and research advantages that have made the region a prime location for the development of energy storage manufacturing and deployment. Already over 200 private companies are engaged in the energy storage business regionally. Further assets include the many research universities and laboratories in the region, together with a low cost of living compared to other energy storage clusters. The study identifies the energy storage industry assets and explores strategies for cluster development in Northern Appalachia

Analysis and use of VAS satellite data

A series of interrelated investigations has examined the analysis and use of VAS (VISSR Atmospheric Sounder) satellite data. A case study of VAS-derived mesoscale stability parameters suggested that they would have been a useful supplement to conventional data in the forecasting of thunderstorms on the day of interest. However, the meteorological significance of small or short lived stability features was uncertain. A second investigation examined the roles of first guess and VAS radiometric data in producing sounding retrievals. The radiance data often did not have a decisive influence on the final satellite soundings. Broad-scale patterns of the first guess, radiances, and retrievals frequently were similar, whereas small scale retrieval features, especially in the dew points, were often of uncertain origin

Analysis and use of VAS satellite data

Four interrelated investigations have examined the analysis and use of VAS satellite data. A case study of VAS-derived mesoscale stability parameters suggested that they would have been a useful supplement to conventional data in the forecasting of thunderstorms on the day of interest. A second investigation examined the roles of first guess and VAS radiometric data in producing sounding retrievals. Broad-scale patterns of the first guess, radiances, and retrievals frequently were similar, whereas small-scale retrieval features, especially in the dew points, were often of uncertain origin. Two research tasks considered 6.7 micron middle tropospheric water vapor imagery. The first utilized radiosonde data to examine causes for two areas of warm brightness temperature. Subsidence associated with a translating jet streak was important. The second task involving water vapor imagery investigated simulated imagery created from LAMPS output and a radiative transfer algorithm. Simulated image patterns were found to compare favorably with those actually observed by VAS. Furthermore, the mass/momentum fields from LAMPS were powerful tools for understanding causes for the image configurations

Quiet Eye Training Facilitates Competitive Putting Performance in Elite Golfers

The aim of this study was to examine the effectiveness of a brief quiet eye (QE) training intervention aimed at optimizing visuomotor control and putting performance of elite golfers under pressure, and in real competition. Twenty-two elite golfers (mean handicap 2.7) recorded putting statistics over 10 rounds of competitive golf before attending training individually. Having been randomly assigned to either a QE training or Control group, participants were fitted with an Applied Science Laboratories Mobile Eye tracker and performed 20 baseline (pre-test) putts from 10 ft. Training consisted of video feedback of their gaze behavior while they completed 20 putts; however the QE-trained group received additional instructions related to maintaining a longer QE period. Participants then recorded their putting statistics over a further 10 competitive rounds and re-visited the laboratory for retention and pressure tests of their visuomotor control and putting performance. Overall, the results were supportive of the efficacy of the QE training intervention. QE duration predicted 43% of the variance in putting performance, underlying its critical role in the visuomotor control of putting. The QE-trained group maintained their optimal QE under pressure conditions, whereas the Control group experienced reductions in QE when anxious, with subsequent effects on performance. Although their performance was similar in the pre-test, the QE-trained group holed more putts and left the ball closer to the hole on missed putts than their Control group counterparts in the pressure test. Importantly, these advantages transferred to the golf course, where QE-trained golfers made 1.9 fewer putts per round, compared to pre-training, whereas the Control group showed no change in their putting statistics. These results reveal that QE training, incorporated into a pre-shot routine, is an effective intervention to help golfers maintain control when anxious

Mars brine formation experiment

The presence of water-soluble cations and anions in the Martian regolith has been the subject of speculation for some time. Viking lander data provided evidence for salt-cemented crusts on the Martian surface. If the crusts observed at the two Viking landing sites are, in fact, cemented by salts, and these crusts are globally widespread, as IRTM-derived thermal inertia studies of the Martian surface seem to suggest, then evaporite deposits, probably at least in part derived from brines, are a major component of the Martian regolith. The composition of liquid brines in the subsurface, which not only may be major agents of physical weathering but may also presently constitute a major deep subsurface liquid reservoir, is currently unconstrained by experimental work. A knowledge of the chemical identity and rate of production of Martian brines is a critical first-order step toward understanding the nature of both these fluids and their precipitated evaporites. Laboratory experiments are being conducted to determine the identity and production rate of water-soluble ions that form in initially pure liquid water in contact with Mars-mixture gases and unaltered Mars-analog minerals