Profound Impacts and Benefits of Near-Death Experiences

In his 1975 book, Life After Life, Dr. Raymond A. Moody coined the term “near-death experience (NDE)” as an umbrella term to describe the personal experiences and sensations that occur during an altered state of consciousness on the threshold of death. While controversy arises over the highly subjective nature of near-death experiences and the empirical research surrounding them, NDEs are usually marked by similar sensations and certainly have one thing in common: they often have profound, positive impacts on affected individuals that change their outlooks moving forward. Birk Engmann comments on the impact of NDEs in Near-Death Experiences: Heavenly Insight or Human Illusion?, and claims that “any threat to one’s own existence in the imminent future can lead one to rethink one’s life,” a true statement that captures the power of NDEs in changing individuals lives (Engmann 6). This paper will explore the fascinating ways in which NDEs not only change but benefit individuals’ lives

Doing Business in South Africa

[Excerpt] This brochure illustrates important features of doing business in South Africa. The legal system within which business operates is closely based on overseas, particularly English, models. The concepts and rules will be familiar to overseas investors and trading partners

Heterogeneous expectations in the foreign exchange market : evidence from the daily Dollar/DM exchange rate

In this study a regime switching approach is applied to estimate the chartist and fundamentalist (c&f) exchange rate model originally proposed by Frankel and Froot (1986). The c&f model is tested against alternative regime switching specifications applying likelihood ratio tests. Nested atheoretical models like the popular segmented trends model suggested by Engel and Hamilton (1990) are rejected in favour of the multi agent model. Moreover, the c&f regime switching model seems to describe the data much better than a competing regime switching GARCH(1,1) model. Finally, our findings turned out to be relatively robust when estimating the model in subsamples. The empirical results suggest that the model is able to explain daily DM/Dollar forward exchange rate dynamics from 1982 to 1998

Nonlinearities and cyclical behavior: the role of chartists and fundamentalists

We develop a behavioral exchange rate model with chartists and fundamentalists to study cyclical behavior in foreign exchange markets. Within our model, the market impact of fundamentalists depends on the strength of their belief in fundamental analysis. Estimation of a STAR GARCH model shows that the more the exchange rate deviates from its fundamental value, the more fundamentalists leave the market. In contrast to previous findings, our paper indicates that due to the nonlinear presence of fundamentalists, market stability decreases with increasing misalignments. A stabilization policy such as central bank interventions may help to deflate bubbles

Pediatric Kennedy Terminal Ulcer

Photograph of Fossett's circus loads, 2 AEC Matadors - KKN412 - and trailers, taken Forest site, 28 September 1959 whole side view