Liquidity effects of the events of September 11, 2001

Banks rely heavily on incoming payments from other banks to fund their own payments. The terrorist attacks of September 11, 2001, destroyed facilities in Lower Manhattan, leaving some banks unable to send payments through the Federal Reserve's Fedwire payments system. As a result, many banks received fewer payments than expected, causing unexpected shortfalls in banks' liquidity. These disruptions also made it harder for banks to redistribute balances across the banking system in a timely manner. In this article, the authors measure the payments responses of banks to the receipt of payments from other banks, both under normal circumstances and during the days following the attacks. Their analysis suggests that the significant injections of liquidity by the Federal Reserve, first through the discount window and later through open market operations, were important in allowing banks to reestablish their normal patterns of payments coordination.Fedwire ; Electronic funds transfers ; War - Economic aspects ; Bank liquidity ; Payment systems

Automated small-scale plant imaging system

For research laboratories, the use of commercial plant phenotyping systems is costly and often do not meet the requirements of the research project. As such, a small-scale plant imaging systems was developed for a biology research group at Washington University in St. Louis. A previous iteration of the device had been prototyped; however, several design requirements were not met, or were not mechanically efficient. Therefore, this paper proposes a second design consisting of a new bridge, trolley and canopy that can be transported easily by the user, and can be made with commercially available parts

Design of the WUFR-19 FSAE Suspension

This report outlines the rationale and design constraints for Wash U Racing’s WUFR-19 suspension for the 2019 FSAE Michigan competition. This includes competition rules, team design goals of drivability and control, and compliance with good engineering practices. To stay competitive, the team has reinvented the design philosophy of the car for the 2019 season, highlighting the use of multiple software packages and several parallel problem-solving methods when possible. The system was designed using MATLAB, SolidWorks, and OptimumKinematics racing software. Simulations were created to evaluate the car’s grip potential through heave, pitch, roll, and steer motions. These results were compared with tire data models to tune for improved control at peak conditions. Additionally, kinematic equations were used along with sensor data from past iterations of Wash U Racing projects to alternatively predict handling capabilities for the new platform. This paved the way for the creation of front and rear geometries in SolidWorks to be the basis for the WUFR-19 chassis and the rest of the project development

TDRSS momentum unload planning

A knowledge-based system is described which monitors TDRSS telemetry for problems in the momentum unload procedure. The system displays TDRSS telemetry and commands in real time via X-windows. The system constructs a momentum unload plan which agrees with the preferences of the attitude control specialists and the momentum growth characteristics of the individual spacecraft. During the execution of the plan, the system monitors the progress of the procedure and watches for unexpected problems

Coping with Change: Environment as Prosthetic [Abstract]

Projected demographic trends suggest the need for specialized housing for older adults will increase substantially in the future. Research shows humans seek to maintain a balance between their functional ability and the challenge of their living environment (Folts &Yeatts, 1994). New empirically based knowledge as a resource for the design of housing for the aging population is not keeping pace with the construction of facilities. The focus of this three-phased project is a comparison of the cognitive perceptions and adaptive behavior strategies of elderly people moving from their current homes into a supportive group living environment. The project included administration and analysis of a survey to gather data: 1) while participants are in their existing homes; 2) immediately after their move to the independent living facility; and 3) six months after their move. Documentation of each physical environment and collection of data was accomplished through personal interviews. This project facilitates a partnership with the architecture profession to gather data and directly apply research results to current and future development of such housing. Most importantly, this project takes a critical view of the role of the physical environment in affecting elderly person\u27s adaptive behavior in times of transition

Predicting Residential Satisfaction: A Comparative Case Study

This is a comparative case study that focuses on resident satisfaction in three buildings renovated for housing. A survey based on environment-behavior factors that can contribute to resident satisfaction was developed and distributed to the buildings\u27 residents. Residents in fifty-two percent (52.5%) of the units in the three buildings responded (N = 64). Index variables used were: management, perception, wayfinding, safety. comfort. and adequacy. There was a significant relationship between resident satisfaction and age for one building. Safety and perception were significant for all buildings. Safety, perception and comfort were significant in different ways for each of the three buildings

Analysis of socio-economic aspects of local and national organic farming markets; final report for Defra

The purpose of this study was to take a fresh look at the nature of organic production, consumption and marketing in England and Wales in order to better assess its current and likely contribution to rural development and its ability to meet consumer expectations. Based on a mixed methodological approach the study consulted with 2,300 individuals to reveal a complex and multi-dimensional sector with a highly committed consumer base. The research aimed to describe and account for: (1)The socio-economic impacts of the organic farm supply chains on rural development; (2)The extent to which organic food delivers consumer expectations; and (3) The barriers affecting conversion to organic farming and expansion of existing organic farms. The research reported here is arguably one of the most integrated studies of organic consumption, production and marketing conducted to date. It throws new light on the nature of organic consumption, underlining both the on-going commitment of the majority of committed organic consumers and the gap in perceptions, degrees of ‘brand trust’ and price sensitivity between this group and the majority of consumers who rarely or never buy organic. While this degree of commitment suggests that recent declines in organic consumption may not be sustained and will soon hit a floor, this finding also points to difficulties, particularly in a time of recession, in enrolling new consumers into organic networks, particularly via the direct marketing channels that smaller producers are more likely to depend on. This group of producers, locally embedded and linked to consumers via short supply chains, fulfil the expectations of many organic consumers and exemplify the idea of alternative food producers. Managed by self selecting, entrepreneurial farmers, these organic producers make a valuable contribution towards employment and income generation within the local rural economy. As our broader analysis of food chains and multiplier effects across the regional and national rural economy shows, however, it is the large scale producers, concerned with the production of bulk commodities and integrated into long supply chains, that inevitably account for the main rural employment and income benefits of the organic sector, if measured in aggregate terms. While there is a good case to be made for the rural development benefits of organic farming, it is important to recognise these scale effects and their geographically uneven distribution in any policy assessment.Organic markets, Organic farming, Organic consumers, Rural Economy, Multiplier Analysis, Simple Value Chains, Agricultural and Food Policy, Consumer/Household Economics, Farm Management, Food Consumption/Nutrition/Food Safety, Marketing,

A discursive psychology analysis of emotional support for men with colorectal cancer

Recent research into both masculinity and health, and the provision of social support for people with cancer has focussed upon the variations that may underlie broad assumptions about masculine health behaviour. The research reported here pursues this interest in variation by addressing the discursive properties of talk about emotional support, by men with colorectal cancer - an understudied group in the social support and cancer literature. Semi-structured interviews were conducted with eight men with colorectal cancer, and the transcripts analysed using an intensive discursive psychology approach. From this analysis two contrasting approaches to this group of men’s framing of emotional support in the context of cancer are described. First, talk about cancer was positioned as incompatible with preferred masculine identities. Second, social contact that affirms personal relationships was given value, subject to constraints arising from discourses concerning appropriate emotional expression. These results are discussed with reference to both the extant research literature on masculinity and health, and their clinical implications, particularly the advice on social support given to older male cancer patients, their families and friends

Polarized QPOs from the INTEGRAL polar IGRJ14536-5522 (=Swift J1453.4-5524)

We report optical spectroscopy and high speed photometry and polarimetry of the INTEGRAL source IGRJ14536-5522 (=Swift J1453.4-5524). The photometry, polarimetry and spectroscopy are modulated on an orbital period of 3.1564(1) hours. Orbital circularly polarized modulations are seen from 0 to -18 per cent, unambiguously identifying IGRJ14536-5522 as a polar. Some of the high speed photometric data show modulations that are consistent with quasi-periodic oscillations (QPOs) on the order of 5-6 minutes. Furthermore, for the first time, we detect the (5-6) minute QPOs in the circular polarimetry. We discuss the possible origins of these QPOs. We also include details of HIPPO, a new high-speed photo-polarimeter used for some of our observations.Comment: Accepted for publication by MNRAS. The paper contains 7 figures and 1 tabl