A new genus and species of aquatic cave-living snail from Tasmania (Mollusca: Gastropoda: Hydrobiidae)

A new species and genus of hydrobiid snail, Pseudotricula eberhardi, is described from caves at Precipitous Bluff, southwestern Tasmania. This is the first description of a subterranean mollusc from Australia

Financial Innovation and Long Cycles in the US: The emergence and changing nature of financial instruments in relation to the technology shift

Financial Innovation: cause or consequence? The recent financial crisis and subsequent investigation into to its causes leads many to propose that the primary suspect of instability is financial innovation itself. This paper introduces an alternative perspective that relates the perennially changing nature of financial innovation to the location of its emergence along the ‘technology shift’. Financial innovation has the potential to be both useful and/or detrimental to the real economy. According to delineations of the technology shift derived from long term aggregate time-series – during the years1929-2007 the emergence of those innovations largely useful to the real economy primarily happened within the transformation phase of the long cycle. Conversely, those of questionable merit are primarily found throughout three of the four sub-periods under analysis