Industry views on water resources planning methods – prospects for change in England and Wales

This paper describes a qualitative study of practitioner perspectives on regulated water resources planning practice in England and Wales. The study focuses on strengths and weaknesses of existing practice and the case for change towards a risk-based approach informed by stochastic modelling assessments. In-depth, structured interviews were conducted to capture the views of planners, regulators and consultants closely involved in the planning process. We found broad agreement that the existing water availability assessment methods are fallible; they lack transparency, are often highly subjective and may fail to adequately expose problems of resilience. While most practitioners believe these issues warrant a more detailed examination of risk in the planning process, few believe there is a strong case for a fundamental shift towards risk-based planning informed by stochastic modelling assessments. The study identifies perceived business risks associated with change and exposes widespread scepticism of stochastic methods

An appraisal of the Cannon County Board of Education

The Cannon County board of education had been operating as a fifteen-man board for twenty years when this study was begun. A Special act¹ of the Extra-ordinary Session of the General Assembly in 1929 made certain exceptions to the General Education Bill of 1925 in its application to counties the size of Cannon County. Among these exceptions were: an increase in the size of the board, from seven to fifteen members; a change in the method of selecting board members, from the county court to the qualified voters of the civil districts; and a shortened term of office, from seven to two years. These changes came about as result of certain political influences which controlled the county court and the election of board members. It was felt that a greater degree of local control would improve the political situation which existed in the schools of the county at the time. This study was initiated for the purpose of examining the organization, practices, and policies of the present board of education and to evaluate them in the light of accepted trends and practices. If conditions are found to exist which apparently lessen the efficiency and effectiveness of the board in the discharge of its legal and discretionary duties, it is proposed to make the results known to the leaders of the county with recommendations for improvement

Estimating Liquidity Risk Using The Exposure-Based Cash-Flow-at-Risk Approach: An Application To the UK Banking Sector

This paper uses a relatively new quantitative model for estimating UK banks' liquidity risk. The model is called the Exposure-Based Cash-Flow-at-Risk (CFaR) model, which not only measures a bank's liquidity risk tolerance, but also helps to improve liquidity risk management through the provision of additional risk exposure information. Using data for the period 1997-2010, we provide evidence that there is variable funding pressure across the UK banking industry, which is forecasted to be slightly illiquid with a small amount of expected cash outflow (i.e. £0.06 billion) in 2011. In our sample of the six biggest UK banks, only the HSBC maintains positive CFaR with 95% confidence, which means that there is only a 5% chance that HSBC's cash flow will drop below £0.67 billion by the end of 2011. RBS is expected to face the largest liquidity risk with a 5% chance that the bank will face a cash outflow that year in excess of £40.29 billion. Our estimates also suggest Lloyds TSB's cash flow is the most volatile of the six biggest UK banks, because it has the biggest deviation between its downside cash flow (i.e. CFaR) and expected cash flow.Liquidity risk, Exposure-based CFaR, Risk Management, Funding Pressure

A Cost-Benefit Analysis of Basel III: Some Evidence from the UK

This paper provides a long-term cost-benefit analysis for the United Kingdom of the Basel III capital and liquidity requirements proposed by the Basel Committee on Banking Supervision (BCBS, 2010a). We provide evidence that the Basel III reforms will have a significant net positive long-term effect on the United Kingdom economy. The estimated optimal tangible common equity capital ratio is 10% of risk-weighted assets, which is larger than the Basel III target of 7%. We also estimate the maximum net benefit when banks meet the Basel III longterm liquidity requirements. Our estimated permanent net benefit is larger than the average estimates of the BCBS. This significant marginal benenfit suggests that UK banks need to increase their reliance on common equity in their capital base beyond the level required by Basel III as well as boosting customer deposits as a funding source.Basel III, Cost-Benefit analysis, Tangible Common Equity Capital, Liquidity

Dense gas and HII regions in the starburst galaxy NGC 253

The energetic activity in the nuclear barred region of NGC 253 is attributable to a burst of star formation. NGC 253 is in many ways a twin of the prototypical starburst galaxy M82; the strong non-thermal radio continuum, high far-infrared luminosity, and bright molecular emission of the central 1 Kpc parallel the morphology of the M82 starburst. Furthermore, the filamentary low ionization optical emission and extended x ray emission along the minor axis in NGC 253 is similar to a scaled down version of the well developed galactic bipolar wind in M82. The infrared luminosity of NGC 253, 3(exp 10) solar luminosity, is comparable to M82 but is emitted from a smaller region (Telesco and Harper 1980). This suggests that the NGC 253 starburst may be more intense and at an earlier evolutionary stage than M82. However, the presence of a non-stellar AGN in NGC 253 may complicate the comparison (Turner and Ho, 1985). Researchers used the Hat Creek millimeter interferometer to map emission from the J = 1 to 0 transitions of HCN and HCO(+) as well as 3 mm continuum emission, toward the nuclear region of NGC 253. The HCO(+) and continuum observations are sensitive to spatial scales from 6 to 45 seconds. The 2 minute field of view comfortably includes the entire starburst region (about 40 seconds; 650 pc). Because the longer baseline HCN observations are not yet complete, they are only sensitive to spatial scales from 15 to 45 seconds

Comparative growth and static allometry in the genus Chlorocebus

Characterizing variation in growth across populations is critical to understanding multiple aspects of development in primates, including within-taxon developmental plasticity and the evolution of life history patterns. Growth in wild primates has often been reported and directly compared across larger taxonomic groups and within social groups, but comparisons are rarely investigated across widely dispersed populations of a single taxon. With the Vervet Phenome-Genome Project and the International Vervet Research Consortium, we trapped 936 vervet monkeys of all ages representing three populations (Kenyan pygerythrus, South African pygerythrus, and sabaeus from St. Kitts & Nevis). We gathered 10 different body measurements from each including mass, body breadth and length, segmental limb lengths, and chest circumference. To gain a better understanding of how ontogenetic patterns vary in these populations, we calculated bivariate allometry coefficients, derived using PCA on log-transformed and z-standardized trait values, and compared them to isometric vector coefficients. Within all population samples, around weaning age most traits showed a negative allometric relationship to body length. As each population ages, however, distinct patterns emerge, showing population differences in onset and intensity of growth among traits. In concordance with other analyses on growth in these populations, our results suggest that there exist relative differences in patterns of growth between Chlorocebus populations, further suggesting selection for unique developmental pathways in each

The Dark Matter Telescope

Weak gravitational lensing enables direct reconstruction of dark matter maps over cosmologically significant volumes. This research is currently telescope-limited. The Dark Matter Telescope (DMT) is a proposed 8.4 m telescope with a 3 degree field of view, with an etendue of 260 $(m. degree)^2$, ten times greater than any other current or planned telescope. With its large etendue and dedicated observational mode, the DMT fills a nearly unexplored region of parameter space and enables projects that would take decades on current facilities. The DMT will be able to reach 10-sigma limiting magnitudes of 27-28 magnitude in the wavelength range .3 - 1 um over a 7 square degree field in 3 nights of dark time. Here we review its unique weak lensing cosmology capabilities and the design that enables those capabilities.Comment: in-press version with additions; to appear in proceedings of the Dark Matter 2000 conference (Santa Monica, February 2000) to be published by Springe