An Economic Analysis of the Potential for Coercion in Consent Solicitations for Bonds

This Article examines why issuers frequently cannot present bondholders with an offer that draws on collective action problems to force the acceptance of the offer by the bondholders. The analysis is restricted to publicly offered bonds. For a number of reasons, privately placed debt presents fewer opportunities for coercion. A prior business relationship among various purchasers, which facilitates cooperation, may be more likely with respect to privately placed debt. Privately placed debt often has more significant protection for the bondholders than public debt with the same level of seniorit

The Business Lawyer as Terrorist Transaction Cost Engineer

Lawyers have garnered a reputation for being unreasonable and excessively contentious. This popular sentiment is embedded in our culture. If lawyers cannot change that perception, a second-best outcome (from the perspective of lawyers) would be the formation of an understanding that there is a reason why they appear to act unreasonably, that it can be desirable for lawyers to act in a way that initially appears to be unreasonable. This Article attempts to build a basis for that understanding in the context of lawyers participating in large commercial transactions

THE ECOLOGICAL CONSEQUENCES OF HABITAT AND MICROHABITAT USE IN LIZARDS:: A REVIEW

We review the ecological consequences of habitat and microhabitat use in lizards. Different habitats have different biotic and abiotic properties and thus are likely to have different consequences for the lizards that occur in them. Individual performance and life histories are influenced by habitat use, particularly when habitats differ in thermal characteristics that may influence physiological processes or constrain activity. We know relatively little about how the effects of habitat use on individual performance translate into population dynamics. We do know that the ability of lizards to use particular habitats can influence the persistence of populations in the face of habitat changes. Community-level processes (e.g., competition) and community structure (e.g., diversity) can be influenced by habitat use in lizards, often by habitat use facilitating co-existence of two or more potentially competing species. We know relatively little about how other community processes, such as predation and parasitism, are influenced by habitat use

Behavior of surface and corner cracks subjected to tensile and bending loads in Ti-6Al-4V alloy

The behavior of part-through flaws with regard to failure under monotonic loading and their growth under fatigue loading was studied experimentally and analytically. Comparisons are made of experimental values of toughness obtained using surface and corner cracked specimens with those obtained using standard test specimens, and also experimental growth cycles were compared with numerical predictions using the NASA/FLAGRO computer program. Tests were conducted on various types of surface and corner cracks under tensile and bending loads. Room temperature lab air provided the test environment. The material used in this study was the Ti-6Al-4V alloy in the solution treated and aged (STA) and stress relieved condition. Detailed tabulation of the fracture toughness data and results of life prediction using the NASA/FLAGRO program are presented. Fatigue crack growth rates for the part-through cracked specimens are compared with a base curve fitted from the data obtained using standard specimens. The fatigue loading used in the crack growth testing was constant-amplitude sinusoidal type

The native pear as a toxic plant

THE Native Pear (Xylomelum angustifolium) has recently been associated with stock losses in the Marchagee district, and a sample of the leaves of sucker shoots, which were submitted for chemical analysis, showed small amounts of prussic acid. This is the first occasion on which the species has come under notice as a toxic plant, although a related species (X pyriforme), which occurs in the Eastern States, has long been known to contain the same toxic principle under certain circumstances

Xenosaurus

Number of Pages: 3Integrative BiologyGeological Science

Xenosaurus platyceps

Number of Pages: 2Integrative BiologyGeological Science

Xenosaurus grandis

Number of Pages: 4Integrative BiologyGeological Science

Xenosaurus newmanorum

Number of Pages: 2Integrative BiologyGeological Science