Magnetic substructure in the northern Fermi Bubble revealed by polarized WMAP emission

We report a correspondence between giant, polarized microwave structures emerging north from the Galactic plane near the Galactic center and a number of GeV gamma-ray features, including the eastern edge of the recently-discovered northern Fermi Bubble. The polarized microwave features also correspond to structures seen in the all-sky 408 MHz total intensity data, including the Galactic center spur. The magnetic field structure revealed by the polarization data at 23 GHz suggests that neither the emission coincident with the Bubble edge nor the Galactic center spur are likely to be features of the local ISM. On the basis of the observed morphological correspondences, similar inferred spectra, and the similar energetics of all sources, we suggest a direct connection between the Galactic center spur and the northern Fermi Bubble.Comment: Accepted for publication in The Astrophysical Journal Letters after minor change

Where are the shareholders’ mansions? CEOs’ home purchases, stock sales, and subsequent company performance

We study real estate purchases by major company CEOs, compiling a database of the principal residences of nearly every top executive in the Standard & Poor’s 500 index. When a CEO buys real estate, future company performance is inversely related to the CEO’s liquidation of company shares and options for financing the transaction. We also find that, regardless of the source of finance, future company performance deteriorates when CEOs acquire extremely large or costly mansions and estates. We therefore interpret large home acquisitions as signals of CEO entrenchment. Our research also provides useful insights for calibrating utility based models of executive compensation and for understanding patterns of Veblenian conspicuous consumption

Wild at Heart:-The Particle Astrophysics of the Galactic Centre

We treat of the high-energy astrophysics of the inner ~200 pc of the Galaxy. Our modelling of this region shows that the supernovae exploding here every few thousand years inject enough power to i) sustain the steady-state, in situ population of cosmic rays (CRs) required to generate the region's non-thermal radio and TeV {\gamma}-ray emis-sion; ii) drive a powerful wind that advects non-thermal particles out of the inner GC; iii) supply the low-energy CRs whose Coulombic collisions sustain the temperature and ionization rate of the anomalously warm, envelope H2 detected throughout the Cen-tral Molecular Zone; iv) accelerate the primary electrons which provide the extended, non-thermal radio emission seen over ~150 pc scales above and below the plane (the Galactic centre lobe); and v) accelerate the primary protons and heavier ions which, advected to very large scales (up to ~10 kpc), generate the recently-identified WMAP haze and corresponding Fermi haze/bubbles. Our modelling bounds the average magnetic field amplitude in the inner few degrees of the Galaxy to the range 60 < B/microG < 400 (at 2 sigma confidence) and shows that even TeV CRs likely do not have time to penetrate into the cores of the region's dense molecular clouds before the wind removes them from the region. This latter finding apparently disfavours scenarios in which CRs - in this star-burst-like environment - act to substantially modify the conditions of star-formation. We speculate that the wind we identify plays a crucial role in advecting low-energy positrons from the Galactic nucleus into the bulge, thereby explaining the extended morphology of the 511 keV line emission. (abridged)Comment: One figure corrected. Accepted for publication in MNRAS. 29 pages, 14 figure

Strong Evidence that the Galactic Bulge is Shining in Gamma Rays

There is growing evidence that the Galactic Center Excess identified in the $\textit{Fermi}$-LAT gamma-ray data arises from a population of faint astrophysical sources. We provide compelling supporting evidence by showing that the morphology of the excess traces the stellar over-density of the Galactic bulge. By adopting a template of the bulge stars obtained from a triaxial 3D fit to the diffuse near-infrared emission, we show that it is detected at high significance. The significance deteriorates when either the position or the orientation of the template is artificially shifted, supporting the correlation of the gamma-ray data with the Galactic bulge. In deriving these results, we have used more sophisticated templates at low-latitudes for the $\textit{Fermi}$ bubbles compared to previous work and the three-dimensional Inverse Compton (IC) maps recently released by the ${\tt GALPROP}$ team. Our results provide strong constraints on Millisecond Pulsar (MSP) formation scenarios proposed to explain the excess. We find that an $\textit{admixture formation}$ scenario, in which some of the relevant binaries are $\textit{primordial}$ and the rest are formed $\textit{dynamically}$, is preferred over a primordial-only formation scenario at $7.6\sigma$ confidence level. Our detailed morphological analysis also disfavors models of the disrupted globular clusters scenario that predict a spherically symmetric distribution of MSPs in the Galactic bulge. For the first time, we report evidence of a high energy tail in the nuclear bulge spectrum that could be the result of IC emission from electrons and positrons injected by a population of MSPs and star formation activity from the same site.Comment: 21 pages, 13 figures, V2: Minor changes to match submitted version, V3: matches JCAP published versio

Superior Real Estate Investment Performance: Enigma or Illusion? A Critical Review of the Literature

[Excerpt] The purpose of this paper is to critique the existing empirical evidence on the investment performance of real estate relative to alternative asset categories. The key issue which guides this review of the investment performance literature is whether abnormal real estate returns are merely an illusion which arises from the shortcomings associated with various real estate performance studies or are the result of an omission of more fundamental factors. We suggest that any superior return is a short-run phenomenon, because, according to capital market theory, all assets should exhibit similar risk and return characteristics in the long run. If real estate continues to possess superior performance in the long run, then this implies that fundamental factors have been omitted from the real estate pricing model. Moreover, we will propose that a world in which the capital asset pricing model holds might be compatible with the existing evidence, because most of the prior studies have focused on total risk rather than on systematic risk. l Consequently, all assets can plot on the security market line in equilibrium, given a CAPM world, regardless of whether one asset (portfolio) such as real estate dominates another asset (portfolio) such as stocks from a mean-variance perspective

Radio Synchrotron Emission from Secondary Leptons in the Vicinity of Sgr A*

A point-like source of ~TeV gamma-rays has recently been seen towards the Galactic center by HESS and other air Cerenkov telescopes. In recent work (Ballantyne et al. 2007), we demonstrated that these gamma-rays can be attributed to high-energy protons that (i) are accelerated close to the event horizon of the central black hole, Sgr A*, (ii) diffuse out to ~pc scales, and (iii) finally interact to produce gamma-rays. The same hadronic collision processes will necessarily lead to the creation of electrons and positrons. Here we calculate the synchrotron emissivity of these secondary leptons in the same magnetic field configuration through which the initiating protons have been propagated in our model. We compare this emission with the observed ~GHz radio spectrum of the inner few pc region which we have assembled from archival data and new measurements we have made with the Australia Telescope Compact Array. We find that our model predicts secondary synchrotron emission with a steep slope consistent with the observations but with an overall normalization that is too large by a factor of ~ 2. If we further constrain our theoretical gamma-ray curve to obey the implicit EGRET upper limit on emission from this region we predict radio emission that is consistent with observations, i.e., the hadronic model of gamma ray emission can, simultaneously and without fine-tuning, also explain essentially all the diffuse radio emission detected from the inner few pc of the Galaxy.Comment: 11 pages, 2 figures. Two references missing from published version added and acknowledgements extende

Hydrodynamic Coupling of Two Brownian Spheres to a Planar Surface

We describe direct imaging measurements of the collective and relative diffusion of two colloidal spheres near a flat plate. The bounding surface modifies the spheres' dynamics, even at separations of tens of radii. This behavior is captured by a stokeslet analysis of fluid flow driven by the spheres' and wall's no-slip boundary conditions. In particular, this analysis reveals surprising asymmetry in the normal modes for pair diffusion near a flat surface.Comment: 4 pages, 4 figure

Quantifying non-star formation associated 8um dust emission in NGC 628

Combining Ha and IRAC images of the nearby spiral galaxy NGC 628, we find that between 30-43% of its 8um dust emission is not related to recent star formation. Contributions from dust heated by young stars are separated by identifying HII regions in the Ha map and using these areas as a mask to determine the 8um dust emission that must be due to heating by older stars. Corrections are made for sub-detection-threshold HII regions, photons escaping from HII regions and for young stars not directly associated to HII regions (i.e. 10-100 Myr old stars). A simple model confirms this amount of 8um emission can be expected given dust and PAH absorption cross-sections, a realistic star-formation history, and the observed optical extinction values. A Fourier power spectrum analysis indicates that the 8um dust emission is more diffuse than the Ha emission (and similar to observed HI), supporting our analysis that much of the 8um-emitting dust is heated by older stars. The 8um dust-to-Ha emission ratio declines with galactocentric radius both within and outside of HII regions, probably due to a radial increase in disk transparency. In the course of this work, we have also found that intrinsic diffuse Ha fractions may be lower than previously thought in galaxies, if the differential extinction between HII regions and diffuse regions is taken into account.Comment: 14 pages, 11 figures, accepted in Ap