Multirole cargo aircraft options and configurations

A future requirements and advanced market evaluation study indicates derivatives of current wide-body aircraft, using 1980 advanced technology, would be economically attractive through 2008, but new dedicated airfreighters incorporating 1990 technology, would offer little or no economic incentive. They would be economically attractive for all payload sizes, however, if RD and T costs could be shared in a joint civil/military arrangement. For the 1994-2008 cargo market, option studies indicate Mach 0.7 propfans would be economically attractive in trip cost, aircraft price and airline ROI. Spanloaders would have an even lower price and higher ROI but would have a relatively high trip cost because of aerodynamic inefficiencies. Dedicated airfreighters using propfans at Mach 0.8 cruise, laminar flow control, or cryofuels, would not provide any great economic benefits. Air cushion landing gear configurations are identified as an option for avoiding runway constraints on airport requirements and/or operational constraints are noted

Technology requirements and readiness for very large aircraft

Common concerns of very large aircraft in the areas of economics, transportation system interfaces and operational problems were reviewed regarding their influence on vehicle configurations and technology. Fifty-four technology requirements were identified which are judged to be unigue, or particularly critical, to very large aircraft. The requirements were about equally divided among the four general areas of aerodynamics, propulsion and acoustics, structures, and vehicle systems and operations. The state of technology readiness was judged to be poor to fair for slightly more than one-half of the requirements. In the classic disciplinary areas, the state of technology readiness appears to be more advanced than for vehicle systems and operations

Is the Federal Home Loan Bank system good for banks? a look at evidence on membership, advances and risk

Since the early 1990s, commercial banks have turned to Federal Home Loan Bank (FHLBank) advances to plug the gap between loan and deposit growth. Is this trend worrisome? On the one hand, advances implicitly encourage risk by insulating borrowers from market discipline. On the other, advances give borrowers greater flexibility to managing interest rate and liquidity risk. And access to FHLBank funding encourages members to reshape their balance sheets in ways that could lower credit risk. Using quarterly financial and supervisory data for banks from 1992 to 2000, we assess the effect of FHLBank membership and advances on risk. The evidence suggests liquidity and leverage risks rose modestly, but interest-rate risk declined somewhat. Credit risk and overall failure risk were largely unaffected. Although the evidence suggest FHLBank membership and advances have had, at best, only a modest impact on bank risk, we caution that the 1990s constitute one observation and that moral hazard could be pronounced if leverage ratios revert to historical norms.Government-sponsored enterprises ; Federal home loan banks ; Bank liquidity

Should the FDIC worry about the FHLB? the impact of Federal Home Loan Bank advances on the Bank Insurance Fund

Does growing commercial-bank reliance on Federal Home Loan Bank (FHLBank) advances increase expected losses to the Bank Insurance Fund (BIF)? Our approach to this question begins by modeling the link between advances and expected losses. We then quantify the effect of advances on default probability with a CAMELS-downgrade model. Finally, we assess the impact on loss-given-default by estimating resolution costs in two scenarios: the liquidation of all banks with failure probabilities above two percent and the liquidation of all banks with advance-to-asset ratios above 15 percent. The evidence points to non-trivial increases in expected losses. The policy implication is that the FDIC should price FHLBank-related exposures.Banks and banking ; Financial institutions ; Deposit insurance

Development of a high-altitude airborne dial system: The Lidar Atmospheric Sensing Experiment (LASE)

The ability of a Differential Absorption Lidar (DIAL) system to measure vertical profiles of H2O in the lower atmosphere was demonstrated both in ground-based and airborne experiments. In these experiments, tunable lasers were used that required real-time experimenter control to locate and lock onto the atmospheric H2O absorption line for the DIAL measurements. The Lidar Atmospheric Sensing Experiment (LASE) is the first step in a long-range effort to develop and demonstrate an autonomous DIAL system for airborne and spaceborne flight experiments. The LASE instrument is being developed to measure H2O, aerosol, and cloud profiles from a high-altitude ER-2 (extended range U-2) aircraft. The science of the LASE program, the LASE system design, and the expected measurement capability of the system are discussed

No-vent fill pressurization tests using a cryogen simulant

The results are described of an experimental program which studied the performance of various no-vent fill techniques for tank-to-tank liquid transfer. The tests were performed using a cryogen simulant (Freon-114) and a test bed consisting of a multiple tank/plumbing network that enabled studies of a variety of different inlet flow and active mixing regimes. Several results and conclusions were drawn from the 26 transfer experiments comprising the program. Most notable was the significant improvement in fill performance (i.e., minimized fill time and maximized fill fraction) with increased agitation of the liquid surface. Another was the close correlation between measured condensation rates and those predicted by recent theories which express condensation as a function of turbulent eddy effects on the liquid surface. In most cases, test data exhibited strong agreement with an analytical model which accounts for tank heat transfer and thermodynamics in a 1 g environment

An XMM-Newton observation of Ton S180: Constraints on the continuum emission in ultrasoft Seyfert galaxies

We present an XMM-Newton observation of the bright, narrow-line, ultrasoft Seyfert 1 galaxy Ton S180. The 0.3-10 keV X-ray spectrum is steep and curved, showing a steep slope above 2.5 keV (Gamma ~ 2.3) and a smooth, featureless excess of emission at lower energies. The spectrum can be adequately parameterised using a simple double power-law model. The source is strongly variable over the course of the observation but shows only weak spectral variability, with the fractional variability amplitude remaining approximately constant over more than a decade in energy. The curved continuum shape and weak spectral variability are discussed in terms of various physical models for the soft X-ray excess emission, including reflection off the surface of an ionised accretion disc, inverse-Compton scattering of soft disc photons by thermal electrons, and Comptonisation by electrons with a hybrid thermal/non-thermal distribution. We emphasise the possibility that the strong soft excess may be produced by dissipation of accretion energy in the hot, upper atmosphere of the putative accretion disc.Comment: 9 pages, accepted for publication in MNRA