Payday loan pricing

We estimate the pricing determinants for 35,098 payday loans originated in Colorado between 2000 and 2006, and generate a number of results with implications for public policy. We find evidence consistent with classical price competition early in the sample, but as time passed these competitive effects faded and the data become more consistent with a variety of strategic pricing practices. On average, loan prices moved upward toward the legislated price ceiling over time, consistent with implicit collusion facilitated by price focal points. Large multi-store payday firms tended to charge higher prices than independent single-store operators, but were less likely to exploit inelastic demand near military bases and in largely minority neighborhoods. Of the three loan pricing measures used in our analysis, the annual percentage interest rate (APR) favored by regulators and analysts performed poorly.

Hot-spot tectonics of Eistla Regio, Venus: Results from Magellan images and Pioneer Venus gravity

Eistla Regio (ER) is a broad, low, discontinuous topographic rise striking roughly EW at low northern latitudes of Venus. Some 2000 x 7000 km in dimensions, it is the third largest rise in planform on Venus after Aphrodite Terra and Beta Phoebe Regiones. These rises are the key physiographic elements in a hot spot model of global tectonics including transient plume behavior. Since ER is the first such rise viewed by Magellan and the latitude is very favorable for Pioneer Venus gravity studies, some of the predictions of a time dependent hot spot model are tested. Western ER is defined as the rise including Gula and Sif Mons and central ER as that including Sappho Patera. Superior conjunction prevented Magellan from returning data on eastern ER (Pavlova) during the first mapping cycle. It is concluded that the western and central portions of ER, while part of the same broad topographic rise and tectonic framework, have distinctly different surface ages and gravity signatures. The western rise, including Gula and Sif Mons, is the expression of deep seated uplift with volcanism limited to the individual large shields. The eastern portion has been widely resurfaced more recently by thermal anomalies in the mantle

Interpretation of the northern boundary of Ishtar Terra from Magellan images and altimetry

Part of the controversy on the origin of western Ishtar Terra (IT) concerns the nature of Uorsar Rupes (UR), the northern boundary of IT. In the hypothesis of lithospheric convergence and underthrusting, UR is held to be the main boundary thrust fault at the toe of an accretionary wedge. A topographic rise parallel to the scarp was interpreted as a flexural bulge similar to those of terrestrial subduction zones, and quantitative models of this feature seemed broadly consistent with the expected lithospheric structure of Venus. In the alternative mantle upwelling hypothesis for western IT, the outer margins of the highland are thought to be collapsing, and UR has been interpreted as a normal fault. Herein, Magellan images and altimetry are interpreted for this region and the hypothesis that a flexural signature can be distinguished is reassessed. The Magellan images of IT show evidence of crustal shortening adjacent to UR, but extension and burial dominate northwards. Altimetric profiles display the same long wavelength trends visible in Venera data, but no clear evidence of the lithospheric flexure. A model of regional extension and burial is herein favored, but regional compression cannot be ruled out

The development of test beds to support the definition and evolution of the Space Station Freedom power system

Since the beginning of the Space Station Freedom Program (SSFP), the Lewis Research Center (LeRC) and the Rocketdyne Division of Rockwell International have had extensive efforts underway to develop test beds to support the definition of the detailed electrical power system design. Because of the extensive redirections that have taken place in the Space Station Freedom Program in the past several years, the test bed effort was forced to accommodate a large number of changes. A short history of these program changes and their impact on the LeRC test beds is presented to understand how the current test bed configuration has evolved. The current test objectives and the development approach for the current DC Test Bed are discussed. A description of the test bed configuration, along with its power and controller hardware and its software components, is presented. Next, the uses of the test bed during the mature design and verification phase of SSFP are examined. Finally, the uses of the test bed in operation and evolution of the SSF are addressed

Guiding Transformation: How Medical Practices Can Become Patient-Centered Medical Homes

Describes in detail eight change concepts as a guide to transforming a practice into a patient-centered medical home, including engaged leadership, quality improvement strategy, continuous and team-based healing relationships, and enhanced access

Tectonics and volcanism of Eastern Aphrodite Terra: No subduction, no spreading

Eastern Aphrodite Terra is approximately equal in size to the western North American Cordillera, from Mexico to Alaska. Its size and unique landforms make it an important area for understanding the tectonics of Venus, yet models for its formation are diametrically opposed. This region is part of the Equatorial Highlands, which was proposed as a region of lithospheric thinning, isostatic uplift, and attendant volcanism. Eastern Aphrodite Terra is dominated by circular structures within which deformation and volcanism are intimately related. These structures are marked by radial and concentric fractures, and volcanic flows that emanate from a central vent, as well as from concentric fracture sets. Cross-cutting relations between flows and concentric fracture sets indicate that outer concentric fracture sets are younger than inner fracture sets. The circular structures are joined by regional northeast- to east-trending fractures that dominantly postdate formation of the circular structures. We propose that the circular structures 'grow' outward with time. Although these structures probably represent addition of crust to the lithosphere, they do not represent significant lithospheric spreading or convergence, and the region does not mark the boundary between two distinct tectonic plates. This region is not easily explained by analogy with either terrestrial midocean rifts or subduction zones. It is perhaps best explained by upwelling of magma diapirs that blister the surface, but do not cause significant lithospheric spreading. Further study of the structural and volcanic evolution of this region using Magellan altimetry and SAR data should lead to better understanding of the tectonic evolution of this region

Seal Joint Analysis and Design for the Ares-I Upper Stage LOX Tank

The sealing capability of the Ares-I Upper Stage liquid oxygen tank-to-sump joint is assessed by analyzing the deflections of the joint components. Analyses are performed using three-dimensional symmetric wedge finite element models and the ABAQUS commercial finite element software. For the pressure loads and feedline interface loads, the analyses employ a mixed factor of safety approach to comply with the Constellation Program factor of safety requirements. Naflex pressure-assisted seals are considered first because they have been used successfully in similar seal joints in the Space Shuttle External Tank. For the baseline sump seal joint configuration with a Naflex seal, the predicted joint opening greatly exceeds the seal design specification. Three redesign options of the joint that maintain the use of a Naflex seal are studied. The joint openings for the redesigned seal joints show improvement over the baseline configuration; however, these joint openings still exceed the seal design specification. RACO pressure-assisted seals are considered next because they are known to also be used on the Space Shuttle External Tank, and the joint opening allowable is much larger than the specification for the Naflex seals. The finite element models for the RACO seal analyses are created by modifying the models that were used for the Naflex seal analyses. The analyses show that the RACO seal may provide sufficient sealing capability for the sump seal joint. The results provide reasonable data to recommend the design change and plan a testing program to determine the capability of RACO seals in the Ares-I Upper Stage liquid oxygen tank sump seal joint