Inventory Information

In a market with symmetric information about fundamentals, can information-based trade still arise? Consider bond and FX markets, where private information about nominal cash flows is generally absent, but participants are convinced that superior information exists. We analyze a class of asymmetric information - inventory information - that is unrelated to fundamentals, but still forecasts future price (by forecasting future discount factors). Empirical work based on the analysis shows that inventory information in FX does indeed forecast discount factors, and does so over both short and long horizons. The immediate price impact of shocks to inventory information is large, roughly 50 percent of that from public information shocks (the latter being the whole story under symmetric information). Within about 30 minutes the transitory effect dies out, and prices reflect a permanent effect from inventory information that ranges between 15 and 30 percent of that from public information.

Understanding the dynamics of cellular responsiveness to modifications of metabolic substrates in perifusion

A novel microperifusion system with capabilities for continuous, real-time, potentiometric monitoring of extracellular hydrogen ion concentration has been used to define the response of HeLa cells to abrupt changes in extracellular energy sources or introduction of an inhibitor of glycolysis. Glycolytic inhibition, induced by removal of glucose or introduction of iodoacetate, each led to a rapid, continuous decrease in acid release. The response to iodoacetate took longer than removal of glucose, perhaps due to the time required for binding and activation. Once inhibition began, however, the rate of change was greater than following glucose removal. Conversely, recovery time following iodoacetate inhibition was much slower than with glucose removal. Unlike the response to short-term glucose depletion, a second pulse of iodoacetate resulted in a faster response followed by an even longer recovery time. The response to switching between glucose and glutamine began almost without evident delay. The response patterns revealed that HeLa cells prefer glutamine to glucose, but, in the presence of both energy sources, some glucose continues to be used. In summary, these results indicate that continuous, real-time monitoring of the kinetics of hydrogen-ion release can be used to gain new insights into the dynamics of cellular response to perturbations of extracellular energy sources. © 1994 Wiley-Liss, Inc.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/49889/1/1041600103_ftp.pd

Inventory Information

When information about fundamentals is symmetric, can information-based trade still arise? Consider bond and FX markets, where private information about nominal cash flows is generally absent, but participants are convinced that superior information exists. We analyze a class of asymmetric information-inventory-information-that is unrelated to fundamentals, but still forecasts future price (by forecasting future discount factors). We find that inventory information in FX does indeed forecast discount factors, and does so over both short and long horizons. The permanent effect from inventory information ranges between 15 and 30 percent of that from public information.

Comparison of paired quartz OSL and feldspar post-IR IRSL dose distributions in poorly bleached fluvial sediments from South Africa

AbstractA comparative study using quartz optically stimulated luminescence (OSL) and feldspar post-infrared infrared stimulated luminescence (post-IR IRSL) was undertaken on Quaternary fluvial sediments from an unnamed tributary of the Moopetsi River in South Africa. The aim is to assess whether the post-IR IRSL signal can be used to date incompletely bleached sediments. Several post-IR IRSL signals using varying stimulation and preheat temperatures were investigated; of these the post-IR IRSL225 signal was deemed most appropriate for dating because it bleached most rapidly. The feldspar post-IR IRSL225 equivalent dose (De) values from this site are consistently larger than those from quartz OSL, probably due to differences in the bleaching characteristics of the two signals. Additionally, the post-IR IRSL225 De values within a sample showed less variation in precision than the quartz De data, possibly due to greater averaging between grains in the feldspar small aliquots. The agreement between ages based on the OSL and post-IR IRSL225 signals was better for younger samples (<20 ka) than for older ones (>50 ka); the cause of this variation is unclear

IGF-1R inhibition sensitizes breast cancer cells to ATM-Related Kinase (ATR) inhibitor and cisplatin

The complexity of the IGF-1 signalling axis is clearly a roadblock in targeting this receptor in cancer therapy. Here, we sought to identify mediators of resistance, and potential co-targets for IGF-1R inhibition. By using an siRNA functional screen with the IGF-1R tyrosine kinase inhibitor (TKI) BMS-754807 in MCF-7 cells we identified several genes encoding components of the DNA damage response (DDR) pathways as mediators of resistance to IGF-1R kinase inhibition. These included ATM and Ataxia Telangiectasia and RAD3-related kinase (ATR). We also observed a clear induction of DDR in cells that were exposed to IGF-1R TKIs (BMS-754807 and OSI-906) as indicated by accumulation of γ-H2AX, and phosphorylated Chk1. Combination of the IGF-1R/IR TKIs with an ATR kinase inhibitor VE-821 resulted in additive to synergistic cytotoxicity compared to either drug alone. In MCF-7 cells with stably acquired resistance to the IGF-1R TKI (MCF-7-R), DNA damage was also observed, and again, dual inhibition of the ATR kinase and IGF-1R/IR kinase resulted in synergistic cytotoxicity. Interestingly, dual inhibition of ATR and IGF-1R was more effective in MCF-7-R cells than parental cells. IGF-1R TKIs also potentiated the effects of cisplatin in a panel of breast cancer cell lines. Overall, our findings identify induction of DDR by IGF-1R kinase inhibition as a rationale for co-targeting the IGF-1R with ATR kinase inhibitors or cisplatin, particularly in cells with acquired resistance to TKIs

The circulatory effects produced in a patient with pneumopericardium by artificially varying the intrapericardial pressure

1. 1. Observations on changes in pulse rate, respiratory rate, arterial pressure, venous pressure, and circulation time were made with artificially produced changes in intrapericardial pressure in a patient with pneumopericardium. These relationships have been illustrated graphically.2. 2. The intrapericardial pressure fluctuated with respiration, and, as higher pressures were reached, these fluctuations decreased.3. 3. The intrapericardial pressure fluctuated with systole and diastole. Kymographic tracings were made of the fluctuations in intrapericardial pressure caused by respiration and the heartbeat. With the higher intrapericardial pressures, the changes in pressure produced by systole and diastole were less marked.4. 4. Significant changes in pulse rate, arterial pressure, venous pressure, and circulation time did not occur until the intrapericardial pressure was elevated to, or above, 145 mm. of water.5. 5. In order to maintain the circulation, it was necessary that venous pressure exceed intrapericardial pressure by at least 35 to 40 mm. of water.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/32599/1/0000739.pd

Fitting Parton Distribution Data with Multiplicative Normalization Uncertainties

We consider the generic problem of performing a global fit to many independent data sets each with a different overall multiplicative normalization uncertainty. We show that the methods in common use to treat multiplicative uncertainties lead to systematic biases. We develop a method which is unbiased, based on a self--consistent iterative procedure. We demonstrate the use of this method by applying it to the determination of parton distribution functions with the NNPDF methodology, which uses a Monte Carlo method for uncertainty estimation.Comment: 33 pages, 5 figures: published versio

High-energy magnon dispersion in the half-filled Hubbard model: A comparison with La2_2CuO4_4

We use quantum Monte Carlo methods and single-mode approximation to study the magnon dispersion in the 2D half-filled Hubbard and phonon-coupled Heisenberg models. We find that in the Hubbard model with $U/t< 8$, high-energy magnon dispersion is similar to those observed in inelastic neutron scattering experiments in ${La}_2{CuO}_4$. On the other hand, our studies of a 2D Heisenberg model coupled to dynamic optical bond phonons, fails to reproduce the experimental dispersion. These results can be interpreted as evidence for intermediate $U/t$ and charge fluctuations in the cuprate materials

Law professors want hearing, vote on Garland

Dear Senator Fischer and Senator Sasse, We write this as citizens, but we all teach at the University of Nebraska College of Law. We hold different political viewpoints and disagree frequentIy with each other on political and legal issues. As law professors, however, we share a deep commitment to the rule of law and an impartial judiciary. We therefore urge you to hold confirmation hearings and a vote on President Obama\u27s Supreme Court nominee, Chief Judge Merrick B. Garland

Support and Assessment for Fall Emergency Referrals (SAFER 1) trial protocol. Computerised on-scene decision support for emergency ambulance staff to assess and plan care for older people who have fallen: evaluation of costs and benefits using a pragmatic cluster randomised trial

Background: Many emergency ambulance calls are for older people who have fallen. As half of them are left at home, a community-based response may often be more appropriate than hospital attendance. The SAFER 1 trial will assess the costs and benefits of a new healthcare technology - hand-held computers with computerised clinical decision support (CCDS) software - to help paramedics decide who needs hospital attendance, and who can be safely left at home with referral to community falls services. Methods/Design: Pragmatic cluster randomised trial with a qualitative component. We shall allocate 72 paramedics ('clusters') at random between receiving the intervention and a control group delivering care as usual, of whom we expect 60 to complete the trial. Patients are eligible if they are aged 65 or older, live in the study area but not in residential care, and are attended by a study paramedic following an emergency call for a fall. Seven to 10 days after the index fall we shall offer patients the opportunity to opt out of further follow up. Continuing participants will receive questionnaires after one and 6 months, and we shall monitor their routine clinical data for 6 months. We shall interview 20 of these patients in depth. We shall conduct focus groups or semi-structured interviews with paramedics and other stakeholders. The primary outcome is the interval to the first subsequent reported fall (or death). We shall analyse this and other measures of outcome, process and cost by 'intention to treat'. We shall analyse qualitative data thematically. Discussion: Since the SAFER 1 trial received funding in August 2006, implementation has come to terms with ambulance service reorganisation and a new national electronic patient record in England. In response to these hurdles the research team has adapted the research design, including aspects of the intervention, to meet the needs of the ambulance services. In conclusion this complex emergency care trial will provide rigorous evidence on the clinical and cost effectiveness of CCDS for paramedics in the care of older people who have fallen