Basel III A: Regulatory History

From the earliest efforts to mandate the amount of capital banks must maintain, regulators have grappled with how best to accomplish this task. Until the 1980s, regulation had been based largely on discretion and judgment. In the wake of two bank failures, the central bank governors of the G10 countries established the Basel Committee on Banking Supervision (BCBS) and in 1988, the BCBS introduced a capital measurement system, Basel I. The system represented a triumph of the fixed numerical approach, however, critics worried that it was too blunt an instrument. In 1999, the BCBS issued Basel II, a proposal to add supervisory review and disclosure components to the minimum capital requirement methodology of Basel I. Basel II represented a synthesis of the dueling approaches to capital regulation, however some argued that the new standards led to an explosion in the complexity of financial regulation. This case explores the history of the efforts to regulate bank capital that led to Basel II and set the stage for Basel III

Nano-chemistry and scanning probe nanolithographies

The development of nanometer-scale lithographies is the focus of an intense research activity because progress on nanotechnology depends on the capability to fabricate, position and interconnect nanometer-scale structures. The unique imaging and manipulation properties of atomic force microscopes have prompted the emergence of several scanning probe-based nanolithographies. In this tutorial review we present the most promising probe-based nanolithographies that are based on the spatial confinement of a chemical reaction within a nanometer-size region of the sample surface. The potential of local chemical nanolithography in nanometer-scale science and technology is illustrated by describing a range of applications such as the fabrication of conjugated molecular wires, optical microlenses, complex quantum devices or tailored chemical surfaces for controlling biorecognition processes.The authors would like to thank Fabio Biscarini for providing the much needed input to write the manuscript and Marta Tello for her valuable suggestions. This work was financially supported by the MCyT (Spain) (MAT2003-02655) and the European Commission (NAIMO, IP NMP4-CT-2004-500355).Peer reviewe

Acidification increases microbial polysaccharide degradation in the ocean

© The Authors, 2010. This article is distributed under the terms of the Creative Commons Attribution 3.0 License. The definitive version was published in Biogeosciences 7 (2010): 1615–1624, doi:10.5194/bg-7-1615-2010.With the accumulation of anthropogenic carbon dioxide (CO2), a proceeding decline in seawater pH has been induced that is referred to as ocean acidification. The ocean's capacity for CO2 storage is strongly affected by biological processes, whose feedback potential is difficult to evaluate. The main source of CO2 in the ocean is the decomposition and subsequent respiration of organic molecules by heterotrophic bacteria. However, very little is known about potential effects of ocean acidification on bacterial degradation activity. This study reveals that the degradation of polysaccharides, a major component of marine organic matter, by bacterial extracellular enzymes was significantly accelerated during experimental simulation of ocean acidification. Results were obtained from pH perturbation experiments, where rates of extracellular α- and β-glucosidase were measured and the loss of neutral and acidic sugars from phytoplankton-derived polysaccharides was determined. Our study suggests that a faster bacterial turnover of polysaccharides at lowered ocean pH has the potential to reduce carbon export and to enhance the respiratory CO2 production in the future ocean.This study was supported by the Helmholtz Association (HZ-NG-102) and the Belgian Science Policy (SD/CS/03)

Phase Dependent Spectroscopy of Mira Variable Stars

Spectroscopic measurements of Mira variable stars, as a function of phase, probe the stellar atmospheres and underlying pulsation mechanisms. For example, measuring variations in TiO, VO, and ZrO with phase can be used to help determine whether these molecular species are produced in an extended region above the layers where Balmer line emission occurs or below this shocked region. Using the same methods, the Balmer-line increment, where the strongest Balmer line at phase zero is H-delta and not H-alpha can be measured and explanations tested, along with another peculiarity, the absence of the H-epsilon line in the spectra of Miras when other Balmer lines are strong. We present new spectra covering the spectral range from 6200 Angstroms to 9000 Angstroms of 20 Mira variables. A relationship between variations in the CaII IR triplet and H-alpha as a function of phase support the hypothesis that H-epsilon's observational characteristics result from an interaction of H-epsilon photons with the CaII H line. New periods and epochs of variability are also presented for each star

Thermal and Magnetorotational Instability in the ISM: Two-Dimensional Numerical Simulations

The structure and dynamics of diffuse gas in the Milky Way and other disk galaxies may be strongly influenced by thermal and magnetorotational instabilities (TI and MRI) on scales of about 1-100 pc. We initiate a study of these processes, using two-dimensional numerical hydrodynamic and magnetohydrodynamic (MHD) simulations with conditions appropriate for the atomic interstellar medium (ISM). We demonstrate, consistent with previous work, that nonlinear development of ``pure TI'' produces a network of filaments that condense into cold clouds at their intersections, yielding a distinct two-phase warm/cold medium within about 20 Myr. TI-driven turbulent motions of the clouds saturate at subsonic amplitudes for uniform initial P/k=2000 K cm^-3. MRI has previously been studied in near-uniform media; our simulations include both TI+MRI models, which begin from uniform-density conditions, and cloud+MRI models, which begin with a two-phase cloudy medium. Both the TI+MRI and cloud+MRI models show that MRI develops within a few galactic orbital times, just as for a uniform medium. The mean separation between clouds can affect which MRI mode dominates the evolution. Provided intercloud separations do not exceed half the MRI wavelength, we find the MRI growth rates are similar to those for the corresponding uniform medium. This opens the possibility, if low cloud volume filling factors increase MRI dissipation times compared to those in a uniform medium, that MRI-driven motions in the ISM could reach amplitudes comparable to observed HI turbulent linewidths.Comment: 42 pages, 15 figures, accepted for publication in ApJ; For better postscript figures and mpeg animations, see http://www.astro.umd.edu/~rpiontek/papers/ti_mri_2D.htm

Effect of CO2 enrichment on bacterial metabolism in an Arctic fjord

he anthropogenic increase of carbon dioxide (CO2) alters the seawater carbonate chemistry, with a decline of pH and an increase in the partial pressure of CO2 (pCO2). Although bacteria play a major role in carbon cycling, little is known about the impact of rising pCO2 on bacterial carbon metabolism, especially for natural bacterial communities. In this study, we investigated the effect of rising pCO2 on bacterial production (BP), bacterial respiration (BR) and bacterial carbon metabolism during a mesocosm experiment performed in Kongsfjorden (Svalbard) in 2010. Nine mesocosms with pCO2 levels ranging from ca. 180 to 1400 μatm were deployed in the fjord and monitored for 30 days. Generally BP gradually decreased in all mesocosms in an initial phase, showed a large (3.6-fold average) but temporary increase on day 10, and increased slightly after inorganic nutrient addition. Over the wide range of pCO2 investigated, the patterns in BP and growth rate of bulk and free-living communities were generally similar over time. However, BP of the bulk community significantly decreased with increasing pCO2 after nutrient addition (day 14). In addition, increasing pCO2 enhanced the leucine to thymidine (Leu : TdR) ratio at the end of experiment, suggesting that pCO2 may alter the growth balance of bacteria. Stepwise multiple regression analysis suggests that multiple factors, including pCO2, explained the changes of BP, growth rate and Leu : TdR ratio at the end of the experiment. In contrast to BP, no clear trend and effect of changes of pCO2 was observed for BR, bacterial carbon demand and bacterial growth efficiency. Overall, the results suggest that changes in pCO2 potentially influence bacterial production, growth rate and growth balance rather than the conversion of dissolved organic matter into CO2

Organic groundwater contamination evaluation and prediction

Adsorption of two organic compounds, Trichloroethylene (TCE) and Pentachlorophenol (PCP), on several Missouri soils were determined. The soils used were of the Coppock, Parsons, Putnam, Grundy and Lebanon series. TCE concentrations were determined by gas chromatography, while PCP concentrations were measured by radio-assay technique. Batch adsorption experiments were conducted using a soil and various organic compound concentrations. It was found that adsorption data for both TCE and PCP fit a Freundlich relationship. TCE and PCP adsorption on Missouri soils decreased with increasing pH. Organic matter in soil was an important parameter in determining the extent of TCE and PCP adsorption. TCE was poorly adsorbed on the soils tested while; PCP adsorption was more strongly adsorbed. This would indicate that TCE would migrate readily with the groundwater, while PCP migration would be somewhat retarded.Project # G852-05 Agreement # 14-08-000

Galaxies in box: A simulated view of the interstellar medium

We review progress in the development of physically realistic three dimensional simulated models of the galaxy.We consider the scales from star forming molecular clouds to the full spiral disc. Models are computed using hydrodynamic (HD) or magnetohydrodynamic (MHD) equations and may include cosmic ray or tracer particles. The range of dynamical scales between the full galaxy structure and the turbulent scales of supernova (SN) explosions and even cloud collapse to form stars, make it impossible with current computing tools and resources to resolve all of these in one model. We therefore consider a hierarchy of models and how they can be related to enhance our understanding of the complete galaxy.Comment: Chapter in Large Scale Magnetic Fields in the Univers

太政官日誌（自六十三至六十七、南部雄麿へノ御沙汰書外）

During neural tube closure, regulated changes at the level of individual cells are translated into large-scale morphogenetic movements to facilitate conversion of the flat neural plate into a closed tube. Throughout this process, the integrity of the neural epithelium is maintained via cell interactions through intercellular junctions, including apical tight junctions. Members of the claudin family of tight junction proteins regulate paracellular permeability, apical-basal cell polarity and link the tight junction to the actin cytoskeleton. Here, we show that claudins are essential for neural tube closure: the simultaneous removal of Cldn3, -4 and -8 from tight junctions caused folate-resistant open neural tube defects. Their removal did not affect cell type differentiation, neural ectoderm patterning nor overall apical-basal polarity. However, apical accumulation of Vangl2, RhoA, and pMLC were reduced, and Par3 and Cdc42 were mislocalized at the apical cell surface. Our data showed that claudins act upstream of planar cell polarity and RhoA/ROCK signaling to regulate cell intercalation and actin-myosin contraction, which are required for convergent extension and apical constriction during neural tube closure, respectively