Latent class models in financial data analysis

This paper deals with optimal international portfolio choice by developing a latent class approach based on the distinction between international and non-international investors. On the basis of micro data, we analyze the effects of many social, demographic, economic and financial characteristics on the probability to be an international investor. Traditional measures of equity home bias do not allow for the existence of international investment rationing operators. On the contrary, by resorting to latent class analysis it is possible to detect the unobservable distinction between international investors and investors who are precluded from operating into international financial markets and, therefore, to evaluate the role of these unobservable constraints on equity home bias

Suppression of Pdx-1 perturbs proinsulin processing, insulin secretion and GLP-1 signalling in INS-1 cells

Aims/hypothesis: Mutations in genes encoding HNF-4α, HNF-1α and IPF-1/Pdx-1 are associated with, respectively, MODY subtypes-1, -3 and -4. Impaired glucose-stimulated insulin secretion is the common primary defect of these monogenic forms of diabetes. A regulatory circuit between these three transcription factors has also been suggested. We aimed to explore how Pdx-1 regulates beta cell function and gene expression patterns. Methods: We studied two previously established INS-1 stable cell lines permitting inducible expression of, respectively, Pdx-1 and its dominant-negative mutant. We used HPLC for insulin processing, adenovirally encoded aequorin for cytosolic [Ca2+], and transient transfection of human growth hormone or patch-clamp capacitance recordings to monitor exocytosis. Results: Induction of DN-Pdx-1 resulted in defective glucose-stimulated and K+-depolarisation-induced insulin secretion in INS-1 cells, while overexpression of Pdx-1 had no effect. We found that DN-Pdx-1 caused down-regulation of fibroblast growth factor receptor 1 (FGFR1), and consequently prohormone convertases (PC-1/3 and -2). As a result, DN-Pdx-1 severely impaired proinsulin processing. In addition, induction of Pdx-1 suppressed the expression of glucagon-like peptide 1 receptor (GLP-1R), which resulted in marked reduction of both basal and GLP-1 agonist exendin-4-stimulated cellular cAMP levels. Induction of DN-Pdx-1 did not affect glucokinase activity, glycolysis, mitochondrial metabolism or ATP generation. The K+-induced cytosolic [Ca2+] rise and Ca2+-evoked exocytosis (membrane capacitance) were not abrogated. Conclusions/interpretation: The severely impaired proinsulin processing combined with decreased GLP-1R expression and cellular cAMP content, rather than metabolic defects or altered exocytosis, may contribute to the beta cell dysfunction induced by Pdx-1 deficienc

Eficacia de la aspersión de ácido láctico (4%) en el descenso de enterobacterias totales y Escherichia coli en reses bovinas

El objetivo de este estudio fue evaluar la eficacia de la aspersión con ácido láctico (4%) antes y después del lavado con agua de reses bovinas, en la reducción de enterobacterias totales (EBT) y E. coli en la superficie de reses de bovinos en el frigorífico. Antes del lavado de las reses, se seleccionaron cuatro canales de bovinos. Se asperjaron cuatro medias reses con ácido láctico al 4% y las respectivas cuatro medias reses de las medias reses tratadas formaron el grupo control. El mismo procedimiento se realizó con cuatro canales luego del lavado con agua. Mediante hisopado, en la totalidad de las muestras se determinó la presencia y cantidad (recuento) de EBT y E. coli. Antes del lavado de las reses con agua, los recuentos de EBT (expresados en unidades formadoras de colonias UFC) sin tratamiento con ácido láctico 4% (controles) estuvieron entre 7 y 280 UFC/cm2 y los recuentos de E. coli se situaron entre 7 y 95 UFC/cm2. El tratamiento de desinfección con ácido láctico al 4% antes del lavado con agua demostró una eficacia del 100%, detectándose una eficacia del 75% luego del lavado de las reses con agua. Los resultados obtenidos indican que el tratamiento de las superficies de reses bovinas con ácido láctico al 4%, antes y/o después del lavado de las reses con agua, en conjunto con buenas prácticas de manufactura, constituye una alternativa de desinfección a bajo costo frente a la contaminación por EBT totales y E. coli

The onset and solidification path of a basaltic melt by in situ differential scanning calorimetry (DSC) and ex situ investigations

The in situ differential scanning calorimetry (DSC) technique has been applied to investigate the solidification paths of a basaltic liquid. The starting glass was heated up to 1300◦C, kept at this superliquidus temperature for 2 h and cooled at rates (∆T/∆t) of 7, 60, 180, 1000, and 1800◦C/h, down to 800 and 600◦C. Glass transition temperature (Tg), crystallization temperature (Tx_HR) and melting temperature (Tm) were measured by in situ DSC spectra on heating. Tx measured along the cooling paths (Tx_CR) shows exothermic peaks that change from a single symmetric shape (7 and 60◦C/h) to multi-component patterns (180, 1000, and 1800◦C/h). The recovered products characterized by field emission gun source of the scanning electron microscopy and electron probe micro-analyzer-wavelength dispersive spectrometers show a phase assemblage of spinel (sp), clinopyroxene (cpx), melilite (mel), plagioclase (plg), and glass. Moreover, crystal size distributions (CSDs) and growth rates (Gmax and GCSD) were also determined. The crystal content slightly increases from 7 to 1800◦C/h. Faceted sp are present in all the run products with an amount always <2 area%. Cpx increases from 7 to 1800◦C/h, changing its texture from almost faceted to dendritic between 60 and 180◦C/h. The area% of mel follows an asymmetric Gaussian trend, while plg nucleates only at 7◦C/h with a content <2 area%. The coupling of DSC and SEM outcomes indicate that sp nucleate first, followed by cpx and mel (and/or plg). The increment of ∆T/∆t causes an increase of the CSD slope (m) and crystal population density per size (n0 ), as well as a decrease of the crystal size, for both cpx and sp. The log-linear CSD segments with different slopes at 7 and 60◦C/h suggest multiple nucleation events and crystal growth by coarsening. Gmax and GCSD for cpx and sp directly measured on the actual crystallization time by DSC spectra, both increase with the increasing of ∆T/∆t. The onset temperature of crystallization (Txi ) decreases as ∆T/∆t increases, following an exponential trend that defines the uppermost portion of a time-transformation-temperature-like curve. This analytical model allows us to quantitatively model the kinetic crystallization paths of dry basalts

Volume Flow Rate Estimation for Small Explosions at Mt. Etna, Italy, From Acoustic Waveform Inversion

Rapid assessment of the volume and the rate at which gas and pyroclasts are injected into the atmosphere during volcanic explosions is key to effective eruption hazard mitigation. Here, we use data from a dense infrasound network deployed in 2017 on Mt. Etna, Italy, to estimate eruptive volume flow rates (VFRs) during small gas-and-ash explosions.We use a finite-difference time-domain approximation to compute the acoustic Green's functions and perform a full waveform inversion for a multipole source, combining monopole and horizontal dipole terms. The inversion produces realistic estimates of VFR, on the order of 4 × 104 m3/s and well-defined patterns of source directivity. This is the first application of acoustic waveform inversion at Mt. Etna. Our results demonstrate that acoustic waveform inversion is a mature and robust tool for assessment of source parameters and holds potential as a tool to provide rapid estimates of VFR in near real time.This study was supported by NERC Grant NE/P00105X/1 and by European Unions Horizon 2020 Research and Innovation Programme Under the Marie Sklodowska-Curie Grant Agreement 798480

Implant placement in patients under treatment with rivaroxaban: A retrospective clinical study

The management of patients under treatment with Direct Oral Anticoagulants (DOACs) has led clinicians to deal with two clinical issues, such as the hemorrhagic risk in case of non-interruption or the risk of thromboembolism in case of suspension of the treatment. The primary aim of this retrospective study was to evaluate the incidence of perioperative bleeding events and healing complications in patients who were under treatment with Rivaroxaban and who received dental implants and immediate prosthetic restoration. Patients treated with Rivaroxaban (Xarelto 20 mg daily) and who needed implant rehabilitation were selected. Four to six implants were placed in mandibular healed sites or fresh extraction sockets. All patients, in agreement with their physicians, interrupted the medication for 24 h and received implants and immediate restorations. Twelve patients and 57 implants were analyzed in the study. No major postoperative bleeding events were reported. Three patients (25%) presented slight immediate postoperative bleeding controlled with compression only. The implant and prosthetic survival rate were both 100% after 1 year. Within the limitations of this study, multiple implant placement with an immediate loading can be performed without any significant complication with a 24 h discontinuation of Rivaroxaban, in conjunction with the patient’s physician

Intrinsic solidification behaviour of basaltic to rhyolitic melts: a cooling rate experimental study

Dynamic cooling-induced solidification experiments were run using six silicate glasses along the basalt - rhyolite join (B100= 100 wt % of basalt, R100= 100 wt % of rhyolite), i.e. B100, B80R20, B60R40, B40R60, B20R80 and R100; the glasses directly quenched from 1300 °C after a dwell of 120 minutes (experiment E0) contain 50-400 ppm H2O, << 1 area% μm-sized bubble, and Fe2+/Fetot between 0.34 and 0.46. Experiments were performed in Pt capsules at room pressure and fO2 of air, between 1300 and 800 °C using three different cooling rates of 0.0167, 3 and 30 °C/min; these cooling rates were run two times: E1-E2 experiments at 0.0167°C/min, S1-E3 at 3 °C/min, and E4-E5 at 30 °C/min. In experiments E1 to E5, samples were annealed for 120 minutes at 1300 °C, whereas in the experiment S1 the samples were firstly heated for 30 minutes at 1400 °C followed by a dwell time of 2400 minutes at 1300°C before cooling. In the experiments a preferential crystallization was not observed at the melt/gas interface. B100, B80R20 and B60R40 run-products have a low tendency to preferentially crystallize on Pt walls, while B40R60, B20R80 and R100 are not affected by the presence of Pt substrata. All run-products show very homogeneous textures, except for B60R40 and B40R60 at 0.0167°C/min in the E1 experiment. The duplicates of B40R60 and B60R40 at 0.0167°C/min and B100 at 30 °C/min show relatively large differences in crystal content (> 4 and < 14 area%). B40R60 and B60R40 duplicated run-products have the same amount of earlycrystallized clinopyroxene and spinel, but different contents in lately-formed plagioclase. The run-products with the same starting composition from E3-S1 (3 °C/min) show a high reproducibility in terms of crystal shape, size, and amount (< 4 area%). This demonstrates that the crystallization path is not affected by the different heat treatment above the liquidus temperature, i.e. the time scale of structural re-equilibration (relaxation) and chemical rehomogenization are shorter than our experimental time scale. Possible chemicalheterogeneities on a length scale of several micrometers for R100 and several hundreds of micrometers for B100 can be removed at 1300 °C within 120 minutes. A heat treatment at 1300 °C for 120 minutes significantly reduces the amount of μm-sized bubbles, potentially responsible for the onset of nucleation and unreveals the intrinsic solidification of silicate melts. The experimental reproducibility is low when the cooling path intersects the tip of the time-temperature-transformation (TTT) curves, i.e. when the nucleation rate is near its maximum (Imax). In that case, even small thermal variations in cooling rate and local composition can have large effects on phase abundance and crystal size. Dynamic crystallization experiments can be properly interpreted and compared only if they are texturally homogeneous and the physico-chemical state of the superheated silicate liquid is known. The solidification conditions used in this study mirror those of aphyric lavas and dikes emplaced at shallower crustal levels

Decarbonation and thermal microcracking under magmatic P-T-fCO2 conditions: the role of skarn substrata in promoting volcanic instability

We present a systematic study on the influence of pressure (0.1-600 MPa), temperature (750- 1200oC), carbon dioxide fugacity (logfCO2 = -4.41 to 3.60) and time (2-12 hr) on the chemical and physical properties of carbonate rock. Our experiments aim to reproduce the conditions at the periphery of magma chamber where carbonate host rock is influenced by, but not readily assimilated by, magma. This permits the investigation of the natural conditions at which circulating fluids/gases promote infiltration reactions typical of metasomatic skarns that can involve large volumes of subvolcanic carbonate basements. Results show that, providing that carbon dioxide is retained in the pore space, decarbonation does not proceed at any magmatic pressure and temperature. However, when the carbon dioxide is free to escape, decarbonation can occur rapidly and is not hindered by a low initial porosity or permeability. Together with carbon dioxide and lime, portlandite, a mineral commonly found in voluminous metasomatic skarns, readily forms during carbonate decomposition. Post-experimental analyses highlight that thermal microcracking, a result of the highly anisotropic thermal expansion of calcite, exerts a greater influence on rock physical properties (porosity, ultrasonic wave velocities and elastic moduli) than decarbonation. Our data suggest that this will be especially true at the margins of dykes or magma bodies, where temperatures can reach up to 1200oC. However, rock compressive strength is significantly reduced by both thermal cracking and decarbonation, explained by the relative weakness of lime + portlandite compared to calcite, and an increase in grain size with increasing temperature. Metasomatic skarns, whose petrogenetic reactions may involve a few tens of cubic kilometres, could therefore represent an important source of volcanic instability. © The Authors 2013 Published by Oxford University Press on behalf of The Royal Astronomical Society

Structure Determination Feasibility of Three-Dimensional Electron Diffraction in Case of Limited Data

During the last two decades, three-dimensional electron diffraction (3D ED) has undergone a renaissance, starting with the introduction of precession (Precession Electron Diffraction Tomography, PEDT) that led to variations on the idea of collecting as much of the diffraction space as possible in order to solve crystal structures from sub-micron sized crystals. The most popular of these acquisition methods is based on the continuous tilting/rotation of the crystal (so-called Microcrystal Electron Diffraction, MicroED) akin to the oscillating crystal method in X-ray crystallography, which was enabled by the increase of sensitivity and acquisition speed in electron detectors. While 3D ED data is more complex than the equivalent X-ray data due to the higher proportion of dynamical scattering, the same basic principles of what is required in terms of data quality and quantity in order to solve a crystal structure apply; high completeness, high data resolution and good signal-to-noise statistics on measured reflection intensities. However, it may not always be possible to collect data in these optimum conditions, the most common limitations being the tilt range of the goniometer stage, often due to a small pole piece gap or the use of a non-tomography holder, or the position of the sample on the TEM grid, which may be too close to a grid bar and then the specimen of interest becomes occluded during tilting. Other factors that can limit the quality of the acquired data include the limited dynamic range of the detector, which can result on truncated intensities, or the sensitivity of the crystal to the electron beam, whereby the crystallinity of the particle is changing under the illumination of the beam. This limits the quality and quantity of the measured intensities and makes structure analysis of such data challenging. Under these circumstances, traditional approaches may fail to elucidate crystal structures, and global optimization methods may be used here as an alternative powerful tool. In this context, this work presents a systematic study on the application of a global optimization method to crystal structure determination from 3D ED data. The results are compared with known structure models and crystal phases obtained from traditional ab initio structure solution methods demonstrating how this strategy can be reliably applied to the analysis of partially complete 3D ED data