Cargill’s corporate growth in times of crises:How agro-commodity traders are increasing profits in the midst of volatility

This paper proposes two interrelated arguments: first, it is argued that agro-commodity traders are uniquely placed at the crossroads of agricultural trade to benefit from agricultural commodity speculation; and second, that the networks constituting their operations are central to their hedging activities. The case of Cargill—the largest privately owned company in the United States and one of the largest agricultural traders in the world—is used to support this argument by unpacking its operations, structure, and hedging strategies. In order to connect the operations of Cargill to its speculating strategies, this paper first traces how agriculture and finance have become increasingly intertwined leading to heightened agricultural commodity speculation. Second, Cargill will be positioned within this process by analyzing how it has financialized its own strategies and its Corporate Platform. Third, Black River Asset Management, Cargill’s private equity arm, will be analyzed to show how it uses the information moving through Cargill’s Platform to engage in hedging and/or speculation

A Theory of Political Entrepreneurship

This paper adapts the entrepreneurial theory developed by Richard Cantillon, Frank Knight, and Ludwig von Mises to the theory of “political entrepreneurship.” Political entrepreneurship is an outgrowth of the theory of the market entrepreneur, and derives from extending entrepreneurial theory from the market into the po-litical sphere of action. By applying the theory of the entrepreneur to political behavior, we provide a basis for identifying political entrepreneurs, and for separating them analytically from other government agents. The essence of political entrepreneurship is the redirection of production from the path it would have taken in an unregulated market. Nevertheless, this production does produce an income stream to political entrepre-neurs which closely resembles the profit of market entrepreneurs

MACRO-ZONES SGBEM APPROACH FOR STATIC SHAKEDOWN ANALYSIS AS CONVEX OPTIMIZATION

A new strategy utilizing the Multidomain SGBEM for rapidly performing shakedown analysis as a convex optimization problem has been shown in this paper. The present multidomain approach, called displacement method, makes it possible to consider step-wise physically and geometrically nonhomogeneous materials and to obtain a self-equilibrium stress equation regarding all the bem-elements of the structure. Since this equation includes influence coefficients, which characterize the input of the quadratic constraints, it provides a nonlinear optimization problem solved as a convex optimization problem. Furthermore, the strategy makes it possible to introduce a domain discretization exclusively of zones involved by plastic strain storage, leaving the rest of the structure as elastic macroelements, consequently governed by few boundary variables. It limits considerably the number of variables in the problem and makes the proposed strategy extremely advantageous. The implementation of the procedure by the Karnak.sGbem code, coupled with optimization toolbox Matlab 7.6.0, made it possible to perform some numerical tests showing the high performance of the algorithm due to solution accuracy and low computational cost

Separaxion anxiety in pediatric migraine without aura: A pilot study

Background: Separation anxiety (SA) can be defined as the fear reaction and protest manifested by children when the main caregivers move away from him/her or in front of unfamiliar person. SA near eight months may be considered as an important and normal phase of the correct and typical social neurodevelopment. Aims of the present pilot study is assessing the prevalence of separation anxiety in a population of patients with migraine without aura (MwA). Materials and methods: 119 children (69 males) suffering from MwA (mean age 1.78 ± 7:59) were consecutively recruited. The control population consisted of 231 (114 males) healthy subjects similar for age (7.64 ± 1:34; p = 0.768) and gender (p=0.987) The Screen for child anxiety related emotional disorders (SCARED) test was used to assess the prevalence of separation anxiety among MwA children. Results: Healthy individuals are on average less affected (mean 4.72 ± 0:32) of the Separation Anxiety Disorder respect of MwA children (mean 6.83 ± 0.97; p < 0.001) (Figure 1). Conclusion. MwA presents many psychiatric comorbidities and among ones separation anxiety may be considered in the clinical and therapeutic management of pediatric primary headache

A cross-country analysis of climate shocks and smallholder food insecurity

Future climate changes will affect smallholder farmers in the developing world, posing threats to household food security. Nevertheless, there remains limited comparable evidence across multiple countries and regions regarding the global extent of climate shocks affecting smallholder food security. We examine data from 5,299 household surveys across 15 countries in Latin America, Africa and South Asia to assess the extent of climate shocks and their association with food insecurity, as well as what strategies may help buffer against climate shocks. We find that 71% of households reported experiencing a climate shock in the previous five years. Fifty-four percent reported experiencing food insecurity during one or more months annually. A multilevel statistical model estimated factors correlated with food insecurity as well as factors correlated with food insecurity among households that had experienced a climate shock. Households that reported experiencing a climate shock were 1.73 times more likely to be food insecure. As well, larger and poorer households were associated with higher odds of food insecurity while using pesticides, keeping large livestock, and being more educated are associated with lower odds of food insecurity. Among households that had experienced a climate shock, additional factors are correlated with lower odds of food insecurity when compared to otherwise similar households: use of fertilizers, pesticides, veterinary medicines, large livestock, and household assets. Together, these results demonstrate the extent of existing climate shocks affecting smallholder farmers and how interventions may potentially support adaptation and reduce food insecurity

Scaling of the von Neumann entropy across a finite temperature phase transition

The spectrum of the reduced density matrix and the temperature dependence of the von Neumann entropy (VNE) are analytically obtained for a system of hard core bosons on a complete graph which exhibits a phase transition to a Bose-Einstein condensate at $T=T_c$. It is demonstrated that the VNE undergoes a crossover from purely logarithmic at T=0 to purely linear in block size $n$ behaviour for $T\geq T_{c}$. For intermediate temperatures, VNE is a sum of two contributions which are identified as the classical (Gibbs) and the quantum (due to entanglement) parts of the von Neumann entropy.Comment: 4 pages, 2 figure

The quantized Hall conductance of a single atomic wire: A proposal based on synthetic dimensions

We propose a method by which the quantization of the Hall conductance can be directly measured in the transport of a one-dimensional atomic gas. Our approach builds on two main ingredients: (1) a constriction optical potential, which generates a mesoscopic channel connected to two reservoirs, and (2) a time-periodic modulation of the channel, specifically designed to generate motion along an additional synthetic dimension. This fictitious dimension is spanned by the harmonic-oscillator modes associated with the tightly-confined channel, and hence, the corresponding "lattice sites" are intimately related to the energy of the system. We analyze the quantum transport properties of this hybrid two-dimensional system, highlighting the appealing features offered by the synthetic dimension. In particular, we demonstrate how the energetic nature of the synthetic dimension, combined with the quasi-energy spectrum of the periodically-driven channel, allows for the direct and unambiguous observation of the quantized Hall effect in a two-reservoir geometry. Our work illustrates how topological properties of matter can be accessed in a minimal one-dimensional setup, with direct and practical experimental consequences.