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    The Rees product of posets

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    We determine how the flag f-vector of any graded poset changes under the Rees product with the chain, and more generally, any t-ary tree. As a corollary, the M\"obius function of the Rees product of any graded poset with the chain, and more generally, the t-ary tree, is exactly the same as the Rees product of its dual with the chain, respectively, t-ary chain. We then study enumerative and homological properties of the Rees product of the cubical lattice with the chain. We give a bijective proof that the M\"obius function of this poset can be expressed as n times a signed derangement number. From this we derive a new bijective proof of Jonsson's result that the M\"obius function of the Rees product of the Boolean algebra with the chain is given by a derangement number. Using poset homology techniques we find an explicit basis for the reduced homology and determine a representation for the reduced homology of the order complex of the Rees product of the cubical lattice with the chain over the symmetric group.Comment: 21 pages, 1 figur

    Why Are Stocks So Risky?

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    With the decline in privately and publicly guaranteed benefits for pensions and health care, people increasingly must finance a greater share of their retirement expenses through their own savings. The relatively high long-term return on equity makes investments in stocks seem both an attractive and suitable means of accumulating the substantial wealth that savers will require. Yet, the 50 percent drop in the Standard & Poor’s 500 Index from May 2008 to March 2009 is only the latest reminder that stocks pose considerable risk for investors. In the past, equity returns over periods as long as 10 or 20 years have diverged substantially from their long-term averages, tarnishing the appeal of stocks even as investments for the long run...

    Office Vacancy - data, evidence and opportunity

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    This article interrogates the Government's (DCLG, 2013) announcemen,of permitted development rights for office to residential conversion and reviews the availability and reliability of data to quantify and identify the extent of office vacancy in England and Wales. It argues that the announcement can be positive in certain circumstances, although this is contested and currently difficult to evidence, while available vacant property data resources are variable in quality and often difficult to access
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