Is CalPERS a Sovereign Wealth Fund?

Sovereign Wealth Funds (SWFs) are the subject of intense debate. While these funds are hard to define in precise terms, all agree they are government-sponsored pools of financial assets. With roughly $3 trillion under management today and forecasts that suggest this number could approach$10 trillion in under a decade, many wonder what role these public investment funds will play in private markets. Due to SWFsí government sponsorship, some fear that they will be used illegitimately to advance political, instead of commercial, agendas. This geopolitical concern is compounded by a general lack of transparency and a perception among Western analysts of weak accountability and poor governance practices...

A STUDY OF CONTAINERS USED FOR FRESH MEAT

Examines the proliferation in container types and sizes currently in use for fresh shipment. Suggests an approach to develop appropriate container sizes to remedy the problem and improve pallet utilization.Agribusiness,

Sovereign Wealth Funds: Form and Function in the 21st Century

As representatives of nation-states in global financial markets, sovereign wealth funds (SWFs) share a common form and many functions. Arguably their form and functions owe as much to a shared (global) moment of institutional formation as they owe their form and functions to the hegemony of Anglo-American finance over the late 20th and early 21st centuries. We distinguish between the immediate future for SWFs in the aftermath of the global financial crisis, and two possible long-term scenarios; one of which sees SWFs becoming financial goliaths dominating global markets, while the other sees SWFs morphing into nation-state development institutions that intermediate between financial markets and the long-term commitments of the nation-state sponsors. If the former scenario dominates, global financial integration will accelerate with attendant costs and benefits. If the latter scenario dominates, SWFs are likely to differentiate and evolve, returning, perhaps, to their national traditions and their respective places in a world of contested power and influence. Here, we clarify the assumptions underpinning the conception and formation of sovereign wealth funds over the past twenty years or so in the face of the ‘new’ realities of global finance.Sovereign Wealth Funds, Crisis, Market Performance, Long-term Investment

SIMULATED IN-TRANSIT VIBRATION DAMAGE TO FRESH MARKET RASPBERRIES

Agribusiness,

Synthetic LISA: Simulating Time Delay Interferometry in a Model LISA

We report on three numerical experiments on the implementation of Time-Delay Interferometry (TDI) for LISA, performed with Synthetic LISA, a C++/Python package that we developed to simulate the LISA science process at the level of scientific and technical requirements. Specifically, we study the laser-noise residuals left by first-generation TDI when the LISA armlengths have a realistic time dependence; we characterize the armlength-measurements accuracies that are needed to have effective laser-noise cancellation in both first- and second-generation TDI; and we estimate the quantization and telemetry bitdepth needed for the phase measurements. Synthetic LISA generates synthetic time series of the LISA fundamental noises, as filtered through all the TDI observables; it also provides a streamlined module to compute the TDI responses to gravitational waves according to a full model of TDI, including the motion of the LISA array and the temporal and directional dependence of the armlengths. We discuss the theoretical model that underlies the simulation, its implementation, and its use in future investigations on system characterization and data-analysis prototyping for LISA.Comment: 18 pages, 14 EPS figures, REVTeX 4. Accepted PRD version. See http://www.vallis.org/syntheticlisa for information on the Synthetic LISA software packag

REDUCING TRANSPORTATION DAMAGE TO GRAPES AND STRAWBERRIES

In-transit vibration damage to grapes and strawberries results in reduced quality for the consumer and reduced profits for the produce industry. To solve this problem, the first step is to determine which vibrational frequencies are causing the damage. In various tests, grapes and strawberries were subjected to different frequencies at constant force levels. The effects of the vibration treatments were evaluated on the basis of grading, color analysis, firmness, respiration rate and ethylene production rate. The critical frequency was found to lie between 7.5 and 10 Hertz for both commodities. Color change and respiration rate were shown to be good indicators of damage in grapes. Strawberries did not show a significant effect due to color. Firmness was not affected by vibration in either commodity.Agribusiness,

The Paraldor Project

Paraldor is an experiment in bringing the power of categorical languages to lattice QCD computations. Our target language is Aldor, which allows the capture of the mathematical structure of physics directly in the structure of the code using the concepts of categories, domains and their inter-relationships in a way which is not otherwise possible with current popular languages such as Fortran, C, C++ or Java. By writing high level physics code portably in Aldor, and implementing switchable machine dependent high performance back-ends in C or assembler, we gain all the power of categorical languages such as modularity, portability, readability and efficiency.Comment: 4 pages, 2 figures, Lattice 2002 conference proceeding

The Diverse Infrared Properties of a Complete Sample of Star-Forming Dwarf Galaxies

We present mid-infrared Spitzer Space Telescope observations of a complete sample of star-forming dwarf galaxies selected from the KPNO International Spectroscopic Survey. The galaxies span a wide range in mid-infrared properties. Contrary to expectations, some of the galaxies emit strongly at 8 micron indicating the presence of hot dust and/or PAHs. The ratio of this mid-infrared dust emission to the stellar emission is compared with the galaxies' luminosity, star-formation rate, metallicity, and optical reddening. We find that the strength of the 8.0 micron dust emission to the stellar emission ratio is more strongly correlated with the star-formation rate than it is with the metallicity or the optical reddening in these systems. Nonetheless, there is a correlation between the 8.0 micron luminosity and metallicity. The slope of this luminosity-metallicity correlation is shallower than corresponding ones in the B-band and 3.6 micron. The precise nature of the 8.0 micron emission seen in these galaxies (i.e., PAH versus hot dust or some combination of the two) will require future study, including deep mid-IR spectroscopy.Comment: 14 pages, accepted Ap

Testing the Flyby Anomaly with the GNSS Constellation

We propose the concept of a space mission to probe the so called flyby anomaly, an unexpected velocity change experienced by some deep-space probes using earth gravity assists. The key feature of this proposal is the use of GNSS systems to obtain an increased accuracy in the tracking of the approaching spacecraft, mainly near the perigee. Two low-cost options are also discussed to further test this anomaly: an add-on to an existing spacecraft and a dedicated mission.Comment: 8 pages, 1 figure, 4 table

On the Gravitomagnetic Time Delay

We study the gravitational time delay in ray propagation due to rotating masses in the linear approximation of general relativity. Simple expressions are given for the gravitomagnetic time delay that occurs when rays of radiation cross a slowly rotating shell and propagate in the field of a distant rotating source. Moreover, we calculate the local gravitational time delay in the Goedel universe. The observational consequences of these results in the case of weak gravitational lensing are discussed.Comment: 15 pages, 1 figure, revised version submitted to Phys. Lett.