Planetary Defence Activities Beyond NASA and ESA

The collision of a significant asteroid or comet with Earth represents a singular natural disaster for a myriad of reasons, including: its extraterrestrial origin; the fact that it is perhaps the only natural disaster that is preventable in many cases, given sufficient preparation and warning; its scope, which ranges from damaging a city to an extinction-level event; and the duality of asteroids and comets themselves---they are grave potential threats, but are also tantalising scientific clues to our ancient past and resources with which we may one day build a prosperous spacefaring future. Accordingly, the problems of developing the means to interact with asteroids and comets for purposes of defence, scientific study, exploration, and resource utilisation have grown in importance over the past several decades. Since the 1980s, more and more asteroids and comets (especially the former) have been discovered, radically changing our picture of the solar system. At the beginning of the year 1980, approximately 9,000 asteroids were known to exist. By the beginning of 2001, that number had risen to approximately 125,000 thanks to the Earth-based telescopic survey efforts of the era, particularly the emergence of modern automated telescopic search systems, pioneered by the Massachusetts Institute of Technologys (MITs) LINEAR system in the mid-to-late 1990s. Today, in late 2019, about 840,000 asteroids have been discovered, with more and more being found every week, month, and year. Of those, approximately 21,400 are categorised as near-Earth asteroids (NEAs), 2,000 of which are categorised as Potentially Hazardous Asteroids (PHAs) and 2,749 of which are categorised as potentially accessible. The hazards posed to us by asteroids affect people everywhere around the world. As well, the opportunities presented by asteroids may benefit our entire species. Thus, with such a large number of currently known asteroids and so many yet to be discovered, it is not surprising that individuals, organisations, institutions, and governments all around the world have become interested in the study of asteroids. Indeed, a variety of government space agencies, private organisations, and individuals have worked on developing the means by which to observe, study, and even interact with asteroids and comets for purposes including science, exploration, pioneering, commerce, and planetary defence. This includes significant individual contributions by amateur asteroid astronomers all over the world. International cooperation in planetary defence within the contexts of the United Nations and the International Asteroid Warning Network (IAWN) are discussed in Chapter 2, and the activities undertaken by the worlds larger space agencies, ESA and NASA, are discussed in Chapters 3 and 4. But, what of the other agencies and institutions around the world who are also working on the problem of defence against hazardous asteroids and comets, or related topics? In this chapter we provide an overview, in alphabetical order, of some of the planetary defence related efforts that have been undertaken around the world beyond the activities at the United Nations, NASA, and ESA

Consecutive singular cardinals and the continuum function

We show that from a supercompact cardinal \kappa, there is a forcing extension V[G] that has a symmetric inner model N in which ZF + not AC holds, \kappa\ and \kappa^+ are both singular, and the continuum function at \kappa\ can be precisely controlled, in the sense that the final model contains a sequence of distinct subsets of \kappa\ of length equal to any predetermined ordinal. We also show that the above situation can be collapsed to obtain a model of ZF + not AC_\omega\ in which either (1) aleph_1 and aleph_2 are both singular and the continuum function at aleph_1 can be precisely controlled, or (2) aleph_\omega\ and aleph_{\omega+1} are both singular and the continuum function at aleph_\omega\ can be precisely controlled. Additionally, we discuss a result in which we separate the lengths of sequences of distinct subsets of consecutive singular cardinals \kappa\ and \kappa^+ in a model of ZF. Some open questions concerning the continuum function in models of ZF with consecutive singular cardinals are posed.Comment: to appear in the Notre Dame Journal of Formal Logic, issue 54:3, June 201

Tragedy of the Regulatory Commons: LightSquared and the Missing Spectrum Rights

The endemic underuse of radio spectrum constitutes a tragedy of the regulatory commons. Like other common interest tragedies, the outcome results from a legal or market structure that prevents economic actors from executing socially efficient bargains. In wireless markets, innovative applications often provoke claims by incumbent radio users that the new traffic will interfere with existing services. Sometimes these concerns are mitigated via market transactions, a la “Coasian bargaining.” Other times, however, solutions cannot be found even when social gains dominate the cost of spillovers. In the recent “LightSquared debacle,” such spectrum allocation failure played out. GPS interests that access frequencies adjacent to the band hosting LightSquared’s new nationwide mobile network complained that the wireless entrant would harm the operation of locational devices. Based on these complaints, regulators then killed LightSquared’s planned 4G network. Conservative estimates placed the prospective 4G consumer gains at least an order of magnitude above GPS losses. “Win win” bargains were theoretically available, fixing GPS vulnerabilities while welcoming the highly valuable wireless innovation. Yet transaction costs—largely caused by policy choices to issue limited and highly fragmented spectrum usage rights (here in the GPS band)—proved prohibitive. This episode provides a template for understanding market and non-market failure in radio spectrum allocation

Future regional transport aircraft market, constraints, and technology stimuli

This report provides updated information on the current market and operating environment and identifies interlinking technical possibilities for competitive future commuter-type transport aircraft. The conclusions on the market and operating environment indicate that the regional airlines are moving toward more modern and effective fleets with greater passenger capacity and comfort, reduced noise levels, increased speed, and longer range. This direction leads to a nearly 'seamless' service and continued code-sharing agreements with the major carriers. Whereas the benefits from individual technologies may be small, the overall integration in existing and new aircraft designs can produce improvements in direct operating cost and competitiveness. Production costs are identified as being equally important as pure technical advances

Does it pay to read your junk mail? evidence of the effect of advertising on home equity credit choices

We examine the effect of direct mail (commonly referred to as junk mail) advertising on individual financial decisions by studying consumer choice of home equity debt contracts. Consistent with the theoretical predictions, we find that financial variables underlying the relative pricing of debt contracts are the leading factors explaining consumers home equity debt choice. Furthermore, we also find that the intended use of debt proceeds significantly impacts consumer choice. However, when we study a subset of consumers who received a direct mail solicitation for a particular debt contract (fixed versus adjustable-rate), we find evidence that the relative pricing variables are less relevant in explaining consumer contract choice, even though they were presented with a full menu of debt contracts. Thus, our results are consistent with the persuasive view of advertising.Home equity loans ; Advertising

Reit Organizational Structure and Operating Characteristics

As a corporate organizational form, real estate investment trusts (REITs) fall into two competing property management structures: internally advised and externally advised. This study tests the hypothesis that, due to their superior ability to resolve conflicts of interests between REIT management and shareholders, internally-advised REITs will dominate the externally-advised REITs. We also test the hypothesis that larger REITs will come to dominate the market and find support for this hypothesis. The results confirm that externally-advised REITs are responding to market pressure to conform to the performance standards set by newer, internally-advised REITs.