'Trust is good, control is better': the 1974 Herstatt-Bank crisis and its implications for international regulatory reform

With its international supervisory and regulatory implications, the failure of Bankhaus Herstatt is one of the landmarks of post-war financial history. This article offers the first comprehensive historical account of the Herstatt crisis, and contributes to the wider discussions on international supervisory and regulatory reform since the mid-1970s, including regulatory capture, markets' self-regulation and resolution of failed banks. In doing so, it first argues that contrary to a widely held view, the German authorities received early and repeated warnings about Herstatt's dealings but this involved only limited and ineffective regulatory/supervisory responses, then it turns to the actual collapse of the bank in June 1974, and finally explores the wider regulatory issues raised by the Herstatt case

Young carers in England: findings from the 2018 BBC survey on the prevalence and nature of caring among young people

Background Many young people are involved in caring for parents, siblings, or other relatives who have an illness or disability. The aim of this study was to estimate the prevalence of caring by young people in England. Method A national survey of 925 English young people was conducted using the 18‐item survey version of the Multidimensional Assessment of Caring Activities Checklist for Young Carers. Results Around 7% of young people were identified as doing at least a high amount of caring activity and 3% a very high amount. Most frequently, caring by a young person is for a mother or a sibling, with a physical disability. Caring activity consisted mostly of domestic activities, household management, and emotional care. Conclusion This study provides the most up to date and methodologically sophisticated survey data on the prevalence of young caring in England, with implications for policy and practice

Corrugated Silicon Platelet Feed Horn Array for CMB Polarimetry at 150 GHz

Next generation cosmic microwave background (CMB) polarization anisotropy measurements will feature focal plane arrays with more than 600 millimeter-wave detectors. We make use of high-resolution photolithography and wafer-scale etch tools to build planar arrays of corrugated platelet feeds in silicon with highly symmetric beams, low cross-polarization and low side lobes. A compact Au-plated corrugated Si feed designed for 150 GHz operation exhibited performance equivalent to that of electroformed feeds: ~-0.2 dB insertion loss, <-20 dB return loss from 120 GHz to 170 GHz, <-25 dB side lobes and <-23 dB cross-polarization. We are currently fabricating a 50 mm diameter array with 84 horns consisting of 33 Si platelets as a prototype for the SPTpol and ACTpol telescopes. Our fabrication facilities permit arrays up to 150 mm in diameter.Comment: 12 pages; SPIE proceedings for Millimeter, Submillimeter, and Far-Infrared Detectors and Instrumentation for Astronomy V (Conference 7741, June 2010, San Diego, CA, USA

Kahler Potentials of Chiral Matter Fields for Calabi-Yau String Compactifications

The Kahler potential is the least understood part of effective N=1 supersymmetric theories derived from string compactifications. Even at tree-level, the Kahler potential for the physical matter fields, as a function of the moduli fields, is unknown for generic Calabi-Yau compactifications and has only been computed for simple toroidal orientifolds. In this paper we describe how the modular dependence of matter metrics may be extracted in a perturbative expansion in the Kahler moduli. Scaling arguments, locality and knowledge of the structure of the physical Yukawa couplings are sufficient to find the relevant Kahler potential. Using these techniques we compute the `modular weights' for bifundamental matter on wrapped D7 branes for large-volume IIB Calabi-Yau flux compactifications. We also apply our techniques to the case of toroidal compactifications, obtaining results consistent with those present in the literature. Our techniques do not provide the complex structure moduli dependence of the Kahler potential, but are sufficient to extract relevant information about the canonically normalised matter fields and the soft supersymmetry breaking terms in gravity mediated scenarios.Comment: JHEP style, 24 pages, 4 figures. v2: New section and reference adde

FACS-based purification of Arabidopsis microspores, sperm cells and vegetative nuclei

Background: The male germline in flowering plants differentiates by asymmetric division of haploid uninucleated microspores, giving rise to a vegetative cell enclosing a smaller generative cell, which eventually undergoes a second mitosis to originate two sperm cells. The vegetative cell and the sperm cells activate distinct genetic and epigenetic mechanisms to control pollen tube growth and germ cell specification, respectively. Therefore, a comprehensive characterization of these processes relies on efficient methods to isolate each of the different cell types throughout male gametogenesis. Results: We developed stable transgenic Arabidopsis lines and reliable purification tools based on Fluorescence-Activated Cell Sorting (FACS) in order to isolate highly pure and viable fractions of each cell/nuclei type before and after pollen mitosis. In the case of mature pollen, this was accomplished by expressing GFP and RFP in the sperm and vegetative nuclei, respectively, resulting in 99% pure sorted populations. Microspores were also purified by FACS taking advantage of their characteristic small size and autofluorescent properties, and were confirmed to be 98% pure. Conclusions: We provide simple and efficient FACS-based purification protocols for Arabidopsis microspores, vegetative nuclei and sperm cells. This paves the way for subsequent molecular analysis such as transcriptomics, DNA methylation analysis and chromatin immunoprecipitation, in the developmental context of microgametogenesis in Arabidopsis.NSERC graduate student fellowship; Fred C. Gloeckner Foundation grant

Evaluating visible derivative spectroscopy by varimax-rotated, principal component analysis of aerial hyperspectral images from the western basin of Lake Erie

The Kent State University (KSU) spectral decomposition method provides information about the spectral signals present in multispectral and hyperspectral images. Pre-processing steps that enhance signal to noise ratio (SNR) by 7.37–19.04 times, enables extraction of the environmental signals captured by the National Aeronautics and Space Administration (NASA) Glenn Research Center\u27s, second generation, Hyperspectral imager (HSI2) into multiple, independent components. We have accomplished this by pre-processing of Level 1 HSI2 data to remove stripes from the scene, followed by a combination of spectral and spatial smoothing to further increase the SNR and remove non-Lambertian features, such as waves. On average, the residual stochastic noise removed from the HSI2 images by this method is 5.43 ± 1.42%. The method also enables removal of a spectrally coherent residual atmospheric bias of 4.28 ± 0.48%, ascribed to incomplete atmospheric correction. The total noise isolated from signal by the method is thu

Scanning the Landscape of Flux Compactifications: Vacuum Structure and Soft Supersymmetry Breaking

We scan the landscape of flux compactifications for the Calabi-Yau manifold $\mathbb{P}^4_{[1,1,1,6,9]}$ with two K\" ahler moduli by varying the value of the flux superpotential $W_0$ over a large range of values. We do not include uplift terms. We find a rich phase structure of AdS and dS vacua. Starting with $W_0\sim 1$ we reproduce the exponentially large volume scenario, but as $W_0$ is reduced new classes of minima appear. One of them corresponds to the supersymmetric KKLT vacuum while the other is a new, deeper non-supersymmetric minimum. We study how the bare cosmological constant and the soft supersymmetry breaking parameters for matter on D7 branes depend on $W_0$, for these classes of minima. We discuss potential applications of our results.Comment: draft format remove

Discovery of Two Gravitationally Lensed Quasars with Image Separations of 3 Arcseconds from the Sloan Digital Sky Survey

We report the discovery of two doubly-imaged quasars, SDSS J100128.61+502756.9 and SDSS J120629.65+433217.6, at redshifts of 1.838 and 1.789 and with image separations of 2.86'' and 2.90'', respectively. The objects were selected as lens candidates from the Sloan Digital Sky Survey (SDSS). Based on the identical nature of the spectra of the two quasars in each pair and the identification of the lens galaxies, we conclude that the objects are gravitational lenses. The lenses are complicated; in both systems there are several galaxies in the fields very close to the quasars, in addition to the lens galaxies themselves. The lens modeling implies that these nearby galaxies contribute significantly to the lens potentials. On larger scales, we have detected an enhancement in the galaxy density near SDSS J100128.61+502756.9. The number of lenses with image separation of ~3'' in the SDSS already exceeds the prediction of simple theoretical models based on the standard Lambda-dominated cosmology and observed velocity function of galaxies.Comment: 24 pages, 9 figures, accepted for publication in Ap