Bringing "Honest Capital" to Poor Borrowers: The Passage of the Uniform Small Loan Law, 1907-1930

The Uniform Small Loan Law (USLL) was the Russell Sage Foundation’s primary device for fighting what it viewed as the scourge of high-rate lending to poor people in the first half of the twentieth century. The USLL created a new class of lenders who could make small loans at interest rates exceeding those allowed for banks under the normal usury laws. About two-thirds of the states had passed the USLL by the 1930. This paper describes the USLL and then uses econometric models to investigate the state characteristics that influenced the law’s passage. We find that urbanization and state-level economic characteristics played significant roles. So did measures of the state’s banking system. We find no evidence that party-political affiliations had any effect, which is consistent with the USLL’s “progressive” character. Finally, we find little evidence that the passage of the USLL in one state made passage more likely in neighboring or similar states. If anything, the cross-state influences were negative. Our findings suggest that the Russell Sage Foundation only imperfectly understood the political economy of the USLL, and that a different overall approach might have produced a result closer to their aims.Uniform law, small loans, consumer credit, usury laws

Integral correlation measures for multiparticle physics

We report on a considerable improvement in the technique of measuring multiparticle correlations via integrals over correlation functions. A modification of measures used in the characterization of chaotic dynamical sytems permits fast and flexible calculation of factorial moments and cumulants as well as their differential versions. Higher order correlation integral measurements even of large multiplicity events such as encountered in heavy ion collisons are now feasible. The change from ``ordinary'' to ``factorial'' powers may have important consequences in other fields such as the study of galaxy correlations and Bose-Einstein interferometry.Comment: 23 pages, 6 tar-compressed uuencoded PostScript figures appended, preprint TPR-92-4

Bringing ‘Honest Capital’ to Poor Borrowers: The Passage of the Uniform Small Loan Law, 1907-1930

The Uniform Small Loan Law (USLL) was the Russell Sage Foundation's primary device for fighting what it viewed as the scourge of high-rate lending to poor people in the first half of the twentieth century. The USLL created a new class of lenders who could make small loans at interest rates exceeding those allowed for banks under the normal usury laws. About two-thirds of the states had passed the USLL by 1930. This paper describes the USLL and then uses econometric models to investigate the state characteristics that influenced the law's passage. We find that urbanization and state-level economic characteristics played significant roles. So did measures of the state's banking system. We find no evidence that party-political affiliations had any effect, which is consistent with the USLL's progressive” character. Finally, we find little evidence that the passage of the USLL in one state made passage more likely in neighboring or similar states. If anything, the cross-state influences were negative. Our findings suggest that the Russell Sage Foundation only imperfectly understood the political economy of the USLL, and that a different overall approach might have produced a result closer to their aims

Factorial Moments in a Generalized Lattice Gas Model

We construct a simple multicomponent lattice gas model in one dimension in which each site can either be empty or occupied by at most one particle of any one of $D$ species. Particles interact with a nearest neighbor interaction which depends on the species involved. This model is capable of reproducing the relations between factorial moments observed in high--energy scattering experiments for moderate values of $D$. The factorial moments of the negative binomial distribution can be obtained exactly in the limit as $D$ becomes large, and two suitable prescriptions involving randomly drawn nearest neighbor interactions are given. These results indicate the need for considerable care in any attempt to extract information regarding possible critical phenomena from empirical factorial moments.Comment: 15 pages + 1 figure (appended as postscript file), REVTEX 3.0, NORDITA preprint 93/4

Chem-News - An On-Line Pesticide Information Program

Computerization of pesticide information is rapidly becoming a necessity as regulatory agencies expand their activities through enforcement, monitoring, and certification of pesticide applicators. Educational institutions responsible for providing pesticide information and pesticide applicator training for certification must also expand their capabilities for immediate updating and faster retrieval. Two programs at Cornell University, the Chemical-Pesticides Program and the Pesticide Impact Assessment Program (PIAP), are presently involved in developing on-line pesticide information for researchers, extension personnel, and regulatory agencies, as well as for those using pesticides

The [4+2]‐Cycloaddition of α‐Nitrosoalkenes with Thiochalcones as a Prototype of Periselective Hetero‐Diels–Alder Reactions—Experimental and Computational Studies

The [4+2]‐cycloadditions of α‐nitrosoalkenes with thiochalcones occur with high selectivity at the thioketone moiety of the dienophile providing styryl‐substituted 4H‐1,5,2‐oxathiazines in moderate to good yields. Of the eight conceivable hetero‐Diels–Alder adducts only this isomer was observed, thus a prototype of a highly periselective and regioselective cycloaddition has been identified. Analysis of crude product mixtures revealed that the α‐nitrosoalkene also adds competitively to the thioketone moiety of the thiochalcone dimer affording bis‐heterocyclic [4+2]‐cycloadducts. The experiments are supported by high‐level DFT calculations that were also extended to related hetero‐Diels–Alder reactions of other nitroso compounds and thioketones. These calculations reveal that the title cycloadditions are kinetically controlled processes confirming the role of thioketones as superdienophiles. The computational study was also applied to the experimentally studied thiochalcone dimerization, and showed that the 1,2‐dithiin and 2H‐thiopyran isomers are in equilibrium with the monomer. Again, the DFT calculations indicate kinetic control of this process

Covert action and cyber offensive operations : revisiting traditional approaches in light of new technology

Over the last three years a number of significant, alleged cyber offensive operations have taken place: the North Korean operations against Sony Pictures in 2014; the BlackEnergy3 Virus which targeted Ukrainian power substations in 2015; and the cyber offensive operations that were designed to influence recent presidential elections. This thesis will investigate whether these types of operations are new or similar to activities that took place in the twentieth century, especially during the Cold War, termed ‘covert action’. Focusing on the US and British experience, and using a comparative methodology, this study will compare covert action and cyber offensive operations. It will achieve this by addressing what covert action is and what forms it takes; this will then be employed in the analysis of cyber offensive operations. The thesis seeks to establish a clear relationship between these two forms of state tactics employed against state and non-state actors. It argues that although the two forms of behaviour are linked, there is a need to modify the existing understanding of covert action; this will allow, in turn, a clearer understanding of the nature of cyber offensive operations to be developed. It is concluded that there is a need to re-examine the organisational structures of covert action, including ethical dimensions, in relation to cyber operations

Higher Resonance Contributions to the Adler-Weisberger Sum Rule in the Large N_c Limit

We determine the $N_c$--dependence of the resonance contributions to the Adler--Weisberger sum rule for the inverse square $1/g_A^2$ of the axial charge coupling constant and show that in the large $N_c$ limit the contributions of the Roper-like excitations scale as $O(1/N_c)$. Consistency with the $1/N_c^2$ scaling of the $1/g_A^2$ term in the sum rule requires these contributions to cancel against each other.Comment: 10 pages, LaTeX, TH Darmstadt preprint IKDA 93/47, REVISE