Three-way error analysis between AATSR, AMSR-E and in situ sea surface temperature observations

Using co-locations of three different observation types of sea surface temperatures (SSTs) gives enough information to enable the standard deviation of error on each observation type to be derived. SSTs derived from the Advanced Along-Track Scanning Radiometer (AATSR) and Advanced Microwave Scanning Radiometer (AMSR-E) instruments are used, along with SST observations from buoys. Various assumptions are made within the error theory including that the errors are not correlated, which should be the case for three independent data sources. An attempt is made to show that this assumption is valid and also that the covariances between the observations due to representativity error are negligible. Overall, the AATSR observations are shown to have a very small standard deviation of error of 0.16K, whilst the buoy SSTs have an error of 0.23K and the AMSR-E SST observations have an error of 0.42K. 1

Commercial Bank Underwriting of Credit-Enhanced Bonds: Are there Certification Benefits to the Issuer?

Recent studies have expanded the commercial bank certification hypothesis to include banks acting in an underwriting capacity. This paper further develops that research by focusing on the industrial revenue bond market in which banks have the unique opportunity to simultaneously act as both credit guarantor and underwriter. When explicitly allowing for bank-issued standby letters of credit (guarantees), we find significantly greater yield spreads for those bonds underwritten by commercial banks compared to bonds underwritten by investment banks. Overall, no net benefit appears to accrue to the bond issuer when attempting to achieve joint (or double) certification benefits by employing commercial banks as both credit guarantor and underwriters except in the special case where the same bank acts as both guarantor and underwriter. This limited certification effect is further validated when the credit quality of participating banks is accounted for. This result is consistent with an "economy of scope" in monitoring and reusing information

Commercial Bank Underwriting of Credit-Enhanced Bonds: Are there Benefits to the Issuer?

Recent studies have expanded the commercial bank certification hypothesis to include banks acting in an underwriting capacity. This paper further develops that research by focusing on the industrial revenue bond market in which banks have the unique opportunity to simultaneously act as both credit guarantor and underwriter. When explicitly allowing for bank-issued standby letters of credit (guarantees), we find significantly greater yield spreads for those bonds underwritten by commercial banks compared to bonds underwritten by investment banks. Overall, no net benefit appears to accrue to the bond issuer when attempting to achieve joint (or double) certification benefits by employing commercial banks as both credit guarantor and underwriters except in the special case where the same bank acts as both guarantor and underwriter. This latter result is consistent with an "economy of scope" in monitoring and reusing information

Commercial Bank Underwriting of Credit-Enhanced Bonds: Are there Certification Benefits to the Issuer?

Recent studies have expanded the commercial bank certification hypothesis to include banks acting in an underwriting capacity. This paper further develops that research by focusing on the industrial revenue bond market in which banks have the unique opportunity to simultaneously act as both credit guarantor and underwriter. When explicitly allowing for bankissued standby letters of credit (guarantees), we find significantly greater yield spreads for those bonds underwritten by commercial banks compared to bonds underwritten by investment banks. Overall, no net benefit appears to accrue to the bond issuer when attempting to achieve joint (or double) certification benefits by employing commercial banks as both credit guarantor and underwriters except in the special case where the same bank acts as both guarantor and underwriter. This limited certification effect is further validated when the credit quality of participating banks is accounted for. This result is consistent with an "economy of scope" in monitoring and reusing information

Promoting Awareness Of, And Sharing Good Practices On, Supporting Engineering Students With Disabilities

The amount of literature that focuses on diversity and inclusion within engineering education continues to grow. However, research traditionally focuses on gender, and despite the United Nations Convention for the Rights of Persons with Disabilities (CRPD) being passed in 2016, there is still a lack of work which describes the experience of students with disabilities....Robot Dynamic

Staring at a screen: reflections on remote learning

open access journalA personal reflection on the experience of delivering seminars online

CRISPRstrand: predicting repeat orientations to determine the crRNA-encoding strand at CRISPR loci

Motivation: The discovery of CRISPR-Cas systems almost 20 years ago rapidly changed our perception of the bacterial and archaeal immune systems. CRISPR loci consist of several repetitive DNA sequences called repeats, inter-spaced by stretches of variable length sequences called spacers. This CRISPR array is transcribed and processed into multiple mature RNA species (crRNAs). A single crRNA is integrated into an interference complex, together with CRISPR-associated (Cas) proteins, to bind and degrade invading nucleic acids. Although existing bioinformatics tools can recognize CRISPR loci by their characteristic repeat-spacer architecture, they generally output CRISPR arrays of ambiguous orientation and thus do not determine the strand from which crRNAs are processed. Knowledge of the correct orientation is crucial for many tasks, including the classification of CRISPR conservation, the detection of leader regions, the identification of target sites (protospacers) on invading genetic elements and the characterization of protospacer-adjacent motifs. Results: We present a fast and accurate tool to determine the crRNA-encoding strand at CRISPR loci by predicting the correct orientation of repeats based on an advanced machine learning approach. Both the repeat sequence and mutation information were encoded and processed by an efficient graph kernel to learn higher-order correlations. The model was trained and tested on curated data comprising >4500 CRISPRs and yielded a remarkable performance of 0.95 AUC ROC (area under the curve of the receiver operator characteristic). In addition, we show that accurate orientation information greatly improved detection of conserved repeat sequence families and structure motifs. We integrated CRISPRstrand predictions into our CRISPRmap web server of CRISPR conservation and updated the latter to version 2.0. Availability: CRISPRmap and CRISPRstrand are available at http://rna.informatik.uni-freiburg.de/CRISPRmap. Contact: [email protected] Supplementary information: Supplementary data are available at Bioinformatics online

Proposed instrumentation for PILOT

PILOT (the Pathfinder for an International Large Optical Telescope) is a proposed Australian/European optical/infrared telescope for Dome C on the Antarctic Plateau, with target first light in 2012. The proposed telescope is 2.4m diameter, with overall focal ratio f/10, and a 1 degree field-of-view. In median seeing conditions, it delivers 0.3" FWHM widefield image quality, from 0.7-2.5 microns. In the best quartile of conditions, it delivers diffraction-limited imaging down to 1 micron, or even less with lucky imaging. The areas where PILOT offers the greatest advantages over existing ground-based telescopes are (a) very high resolution optical imaging, (b) high resolution wide-field optical imaging, and (c) all wide-field thermal infrared imaging. The proposed first generation instrumentation consists of (a) a fast, lownoise camera for diffraction-limited optical lucky imaging; (b) a gigapixel optical camera for seeing-limited imaging over a 1 degree field; (c) a 4K × 4K near-infrared (1-5 micron) camera with both wide-field and diffraction-limited modes; and (d) a double-beamed mid-infrared (7-40 micron) imaging spectrograph