Flight to Quality for Large Financial Institutions

Local correlation analysis is used to investigate flight to quality among large financial institutions before, during, and after the financial crisis of 2008-2009. While standard correlation captures general overall linear association, local correlation analysis more accurately captures changes in the associations in response to changing market conditions. Using raw, market-adjusted, and industry-adjusted stock returns of individual banks, we investigate the performance of troubled banks and the change in investing behavior. Investors react to noisy information from the financial difficulties encountered by banking institutions. This reaction results in flight to quality. While the traditional Pearson correlations capture general overall linear association, local correlation analysis captures changes in the association in response to changing market conditions. Thus, local correlation analysis more accurately measures changes in correlation where it matters most: in the loss tail of the distribution of financial returns; leading to more appropriate diversification, portfolio management, and within-industry implications

Perencanaan Pembangunan Sumber Daya Aparatur melalui Penyusunan Formasi Pegawai Negeri Sipil Daerah di Kabupaten Magetan

Pelaksanaan pembangunan dan penyelenggaraan pelayanan sektor publik yang efektif dan efisien membutuhkan sumber daya aparatur pemerintah yang profesional, memiliki kompetensi dan jumlah yang tepat, namun hal tersebut belum sepenuhnya terwujud. Untuk itu diperlukan perbaikan dalam pengelolaan kepegawaian ke arah yang lebih baik terutama perencanaan untuk formasi pegawai. Penelitian ini bertujuan untuk mendeskripsikan: (1) Perencanaan sumber daya aparatur melalui penyusunan formasi Pegawai Negeri Sipil Daerah yang dilaksanakan di Kabupaten Magetan; dan (2) Faktor-faktor yang berkaitan dengan penyusunan formasi Pegawai Negeri Sipil Daerah di Kabupaten Magetan. Dalam penelitian ini menggunakan pendekatan kualitatif, dengan jenis deskriptif. Hasil penelitian menunjukkan bahwa: (1) Perencanaan sumber daya aparatur di Kabupaten Magetan dituangkan dalam Rencana Strategis Badan Kepegawaian Daerah Kabupaten Magetan yang diwujudkan dalam berbagai perencanaan di bidang aparatur antara lain penyusunan formasi Pegawai Negeri Sipil yang pada tahun 2013 menggunakan data analisis jabatan dan analisis beban kerja, namun hasilnya tidak optimal karena data tersebut tidak akurat/valid; (2) faktor-faktor yang berkaitan dan menyebabkan hal tersebut adalah komitmen manajemen, kebijakan pemerintah, sumber daya perencana kepegawaian, sistem informasi sumber daya manusia atau SIMPEG dan anggaran yang belum sesuai dengan yang diharapkan

Pattern and Outcome of Chest Injuries at Bugando Medical Centre in Northwestern Tanzania.

Chest injuries constitute a continuing challenge to the trauma or general surgeon practicing in developing countries. This study was conducted to outline the etiological spectrum, injury patterns and short term outcome of these injuries in our setting. This was a prospective study involving chest injury patients admitted to Bugando Medical Centre over a six-month period from November 2009 to April 2010 inclusive. A total of 150 chest injury patients were studied. Males outnumbered females by a ratio of 3.8:1. Their ages ranged from 1 to 80 years (mean = 32.17 years). The majority of patients (72.7%) sustained blunt injuries. Road traffic crush was the most common cause of injuries affecting 50.7% of patients. Chest wall wounds, hemothorax and rib fractures were the most common type of injuries accounting for 30.0%, 21.3% and 20.7% respectively. Associated injuries were noted in 56.0% of patients and head/neck (33.3%) and musculoskeletal regions (26.7%) were commonly affected. The majority of patients (55.3%) were treated successfully with non-operative approach. Underwater seal drainage was performed in 39 patients (19.3%). One patient (0.7%) underwent thoracotomy due to hemopericardium. Thirty nine patients (26.0%) had complications of which wound sepsis (14.7%) and complications of long bone fractures (12.0%) were the most common complications. The mean LOS was 13.17 days and mortality rate was 3.3%. Using multivariate logistic regression analysis, associated injuries, the type of injury, trauma scores (ISS, RTS and PTS) were found to be significant predictors of the LOS (P < 0.001), whereas mortality was significantly associated with pre-morbid illness, associated injuries, trauma scores (ISS, RTS and PTS), the need for ICU admission and the presence of complications (P < 0.001). Chest injuries resulting from RTCs remain a major public health problem in this part of Tanzania. Urgent preventive measures targeting at reducing the occurrence of RTCs is necessary to reduce the incidence of chest injuries in this region

Normal gas exchange after 30-h ischemia and treatment with phosphodiesterase inhibitor PDI747

Objective: Phosphodiesterases (PDEs) negatively regulate the concentrations of cAMP and/or cGMP, which act as downstream second messengers to the prostaglandins. PDE type-4 (PDE4) is selective for cAMP and is found in high concentrations in endothelial, epithelial, and different blood cells. The aim of this study was to evaluate if PDI747, a novel selective inhibitor of PDE4, can restore pretransplant cAMP levels and thereby posttransplant organ function after prolonged cold ischemia. Methods: Left lung transplantation was performed in pigs (25-31 kg). Donor lungs were flushed with low potassium dextran glucose (LPDG) solution only (control, n=5)or, in addition with 1 μmol of PDI747 (PDI747, n=5) and stored for 30 h at 1 °C. PDI747 animals further received a bolus of PDI747 (0.3 mg/kg) 15 min prior to reperfusion and a continuous infusion (0.3 mg/kg per hour) during the 5 h after reperfusion. After occlusion of the right pulmonary arteries and the right main bronchus, hemodynamic and gas exchange parameters and extravascular lung water (EVLW) levels of the transplanted lung were assessed. Results: Two control animals died of severe lung edema leading to heart failure (control, n=3). One animal in the treatment group was excluded due to a patent ductus arteriosus (PDI747, n=4). Gas exchange at the end of the experiment was restored to normal levels in the PDI747 group (Pa, o2 47.6±11.2 kPa, Pa,co2 6.4±1.8 kPa) but not in the control group (Pa, o2 7.7±2.9 kPa, Pa, co2 11.9±3.0 kPa, PPao2<0.0001, PPa, co2=0.06). Extravascular lung water (EVLW) was normal in the PDI747 group (8.5±1.1 ml/kg) and clearly elevated in the control group (16.2±5.6 ml/kg, P=0.007). Airway pressure in the PDI747 group was significantly lower than in the control group (7.8±0.5 cm H2O vs. 11.3±0.6 cm H2O, respectively, P<0.0001). The free radical mediated tissue injury measured by lipid peroxidation (TBARS) was significantly reduced (P=0.001) in the PDI747 group. Conclusions: With the inhibition of PDE4 with PDI747 we achieved normal gas exchange, no posttransplant lung edema, normal airway pressures, and a reduced free radical injury after 30 h of cold ischemi

Nanostructured Optical Photonic Crystal Biosensor for HIV Viral Load Measurement

Detecting and quantifying biomarkers and viruses in biological samples have broad applications in early disease diagnosis and treatment monitoring. We have demonstrated a label-free optical sensing mechanism using nanostructured photonic crystals (PC) to capture and quantify intact viruses (HIV-1) from biologically relevant samples. The nanostructured surface of the PC biosensor resonantly reflects a narrow wavelength band during illumination with a broadband light source. Surface-adsorbed biotarget induces a shift in the resonant Peak Wavelength Value (PWV) that is detectable with <10 pm wavelength resolution, enabling detection of both biomolecular layers and small number of viruses that sparsely populate the transducer surface. We have successfully captured and detected HIV-1 in serum and phosphate buffered saline (PBS) samples with viral loads ranging from 104 to 108 copies/mL. The surface density of immobilized biomolecular layers used in the sensor functionalization process, including 3-mercaptopropyltrimethoxysilane (3-MPS), N-gamma-Maleimidobutyryl-oxysuccinimide ester (GMBS), NeutrAvidin, anti-gp120, and bovine serum albumin (BSA) were also quantified by the PC biosensor

Use of polyethylene glycol coatings for optical fibre humidity sensing

Humidity induced change in the refractive index and thickness of the polyethylene glycol (PEG) coatings are in situ investigated for a range from 10 to 95%, using an optical waveguide spectroscopic technique. It is experimentally demonstrated that, upon humidity change, the optical and swelling characteristics of the PEG coatings can be employed to build a plastic fibre optic humidity sensor. The sensing mechanism is based on the humidity induced change in the refractive index of the PEG film, which is directly coated onto a polished segment of a plastic optical fibre with dip-coating method. It is observed that PEG, which is a highly hydrophilic material, shows no monotonic linear response to humidity but gives different characteristics for various ranges of humidity levels both in index of refraction and in thickness. It undergoes a physical phase change from a semi-crystal line structure to a gel one at around 80% relative humidity. At this phase change point, a drastic decrease occurs in the index of refraction as well as a drastic increase in the swelling of the PEG film. In addition, PEG coatings are hydrogenated in a vacuum chamber. It is observed that the hydrogen has a preventing effect on the humidity induced phase change in PEG coatings. Finally, the possibility of using PEG coatings in construction of a real plastic fibre optic humidity sensor is discussed. (C) 2008 The Optical Society of Japan

Sivil Mimarimizin İncilerinden Amcazade Hüseyin Paşa Yalısının Bezemeleri

[No Abstract Available

Right-invariant Sobolev metrics of fractional order on the diffeomorphism group of the circle

In this paper, we study the geodesic flow of a right-invariant metric induced by a general Fourier multiplier on the diffeomorphism group of the circle and on some of its homogeneous spaces. This study covers in particular right-invariant metrics induced by Sobolev norms of fractional order. We show that, under a certain condition on the symbol of the inertia operator (which is satisfied for the fractional Sobolev norm $H^{s}$ for $s \ge 1/2$), the corresponding initial value problem is well-posed in the smooth category and that the Riemannian exponential map is a smooth local diffeomorphism. Paradigmatic examples of our general setting cover, besides all traditional Euler equations induced by a local inertia operator, the Constantin-Lax-Majda equation, and the Euler-Weil-Petersson equation.Comment: 40 pages. Corrected typos and improved redactio

Portable Microfluidic Integrated Plasmonic Platform for Pathogen Detection

Timely detection of infectious agents is critical in early diagnosis and treatment of infectious diseases. Conventional pathogen detection methods, such as enzyme linked immunosorbent assay (ELISA), culturing or polymerase chain reaction (PCR) require long assay times, and complex and expensive instruments, which are not adaptable to point-of-care (POC) needs at resource-constrained as well as primary care settings. Therefore, there is an unmet need to develop simple, rapid, and accurate methods for detection of pathogens at the POC. Here, we present a portable, multiplex, inexpensive microfluidic-integrated surface plasmon resonance (SPR) platform that detects and quantifies bacteria, i.e., Escherichia coli (E. coli) and Staphylococcus aureus (S. aureus) rapidly. The platform presented reliable capture and detection of E. coli at concentrations ranging from ∼105 to 3.2 × 107 CFUs/mL in phosphate buffered saline (PBS) and peritoneal dialysis (PD) fluid. The multiplexing and specificity capability of the platform was also tested with S. aureus samples. The presented platform technology could potentially be applicable to capture and detect other pathogens at the POC and primary care settings. © 2015, Nature Publishing Group. All rights reserved