Reforming the International Monetary System in the 1970s and 2000s: Would an SDR Substitution Account Have Worked

This paper analyzes the discussion of a substitution account in the 1970s and how the account might have performed had it been agreed in 1980. The substitution account would have allowed central banks to diversify away from the dollar into the IMF’s Special Drawing Right (SDR), comprised of US dollar, Deutschmark, French franc (later euro), Japanese yen and British pound, through transactions conducted off the market. The account’s dollar assets could fall short of the value of its SDR liabilities, and hedging would have defeated the purpose of preventing dollar sales. In the event, negotiators were unable to agree on how to distribute the open-ended cost of covering any shortfall if the dollar’s depreciation were to exceed the value of any cumulative interest rate premium on the dollar. As it turned out, the substitution account would have encountered solvency problems had the US dollar return been based on US treasury bill yields, even if a substantial fraction of the IMF’s gold had been devoted to meet the shortfall at recent high prices for gold. However, had the US dollar return been based on US treasury bond yields, the substitution account would have been solvent even without any gold backing

Kansas environmental and resource study: A Great Plains model. Monitoring fresh water resources

The author has identified the following significant results. Processing and analysis of CCT's for numerous ground truth supported passes over Kansas reservoirs has demonstrated that sun angle and atmospheric conditions are strong influences on water reflectance levels as detected by ERTS-1 and can suppress the contributions of true water quality factors. Band ratios, on the other hand, exhibit very little dependence on sun angle and sky conditions and thus are more directly related to water quality. Band ratio levels can be used to reliably determine suspended load. Other water quality indicators appear to have little or no affect on reflectance levels

Skylab study of water quality

The author has identified the following significant results. Radiometric data derived from S-190A photography appears to correlate reasonably well with suspended solids without the need of rationing the radiances of different bands

Skylab study of water quality

There are no author-identified significiant results in this report

Skylab study of water quality

The author has identified the following significant results. Analysis of S-190A imagery from 1 EREP pass over 3 reservoirs in Kansas establishes a strong linear correlation between the red/green radiance ratio and suspended solids. This result compares quite favorably to ERTS MSS CCT results. The linear fits RMS for Skylab is 6 ppm as compared to 12 ppm for ERTS. All of the ERTS satellite passes yielded fairly linear results with typical RMS values of 12 ppm. However, a few of the individual passes did yield RMS values of 5 or 6 ppm which is comparable to the one Skylab pass analyzed. In view of the cloudy conditions in the Skylab photos, yet good results, the indications are that S-190A may do somewhat better than the ERTS MSS in determining suspended load. More S-190A data is needed to confirm this. As was the case with the ERTS MSS, the Skylab S-190A showed no strong correlation with other water quality parameters. S-190B photos because of their high resolution can provide much first look information regarding relative degrees of turbidity within various parts of large lakes and among smaller bodies of water

Quantitative water quality with LANDSAT and Skylab

Correlation studies were completed between LANDSAT Multispectral Scanner (MSS) band ratios derived from computer compatible tape (CCT) and 170 water samples taken from three large Kansas reservoirs, coincident with 16 different LANDSAT passes over a 13 month period. The following conclusions were obtained: (1) LANDSAT MSS reflectance levels are useful for quantitative measurement of suspended solids up to at least 900 ppm, (2) MSS band ratios derived from CCT can measure suspended solids with 67% confidence level accuracy of 12 ppm over the range 0-80 ppm and 35 ppm over the range 0900 ppm, (3) suspended solids contour maps can be easily constructed from CCT for water bodies larger than approximately 100 acres, (4) rationing suppresses MSS reflectance level dependence on seasonal sun angle variation and permits measurement of suspended load the year round in the middle latitudes. SKYLAB imagery from a single pass over three reservoirs compares favorably to LANDSAT results up to 100 ppm

The role of water in slip casting

Slips and casting are considered in terms of physical and colloidal chemistry. Casting slips are polydisperse suspensions of lyophobic particles in water, whose degree of coagulation is controlled by interaction of flocculating and deflocculating agents. Slip casting rate and viscosity are functions of temperature. Slip rheology and response to deflocculating agents varies significantly as the kinds and amounts of colloid modifiers change. Water is considered as a raw material. Various concepts of water/clay interactions and structures are discussed. Casting is a de-watering operation in which water moves from slip to cast to mold in response to a potential energy termed moisture stress. Drying is an evaporative process from a free water surface

Kansas environmental and resource study: A Great Plains model. Monitoring fresh water resources

The author has identified the following significant results. ERTS MSS ratios derived from CCT's are very effective for quantitative detection of suspended solid up to at least 900 ppm. The relatively high inorganic suspended solids, characteristic of midcontinent reservoirs, dominates the reflected energy present in the four MSS bands. Dissolved solids concentrations up to 500 ppm and algal nutrients up to 20 ppm are not detectable. The MSS5/MSS4 ratio may be weakly correlated with total chlorophyll above approximately 8 micrograms/liter

A conservative’s social psychology

I suggest that social psychologists should stick to studying positive and negative attitudes and give up stigmatizing some attitudes as “prejudice.” I recommend that we avoid assuming that race and ethnicity have no biological foundations, in order to avoid a collision course with modern biology. And I wonder how much difference the target article recommendations can make in the context of hiring a social psychologist for an academic position

Toward a Psychology of Humiliation in Asymmetric Conflict

Humiliation is often cited in attempts to understand the origins of asymmetric conflicts, especially conflicts involving terrorism. This article reviews common usage, expert opinion, and experiences in interpersonal and intergroup conflicts to suggest a construct definition of humiliation as a combination of anger and shame. Following appraisal theory, this definition distinguishes between the situational appraisals associated with humiliation (insult and injury; failure to retaliate) and the emotional experience of humiliation (in which the combination of anger and shame may be more synergism than summation). Research on humiliation has barely begun and focuses on interpersonal relations; a crucial issue is whether interpersonal humiliation is the same experience as the intergroup humiliation salient in accounts of terrorism and terrorists. Also important is the prediction that the targets of terrorist attack will experience humiliation if the terrorists are unknown or unreachable; thus failure to retaliate may humiliate the strong as well as the weak in asymmetric conflict. Better understanding of humiliation may be useful for understanding both terrorist violence and government reactions to this violence