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The Effects of Public Ownership and Regulatory Independence on Regulatory Outcomes
- Geoff Edwards,
- Leonard Waverman
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We examine the effects of public ownership and regulatory agency independence on regulatory outcomes in EU telecommunications. Specifically, we study regulated interconnect rates paid by entrants to incumbents. We find that public ownership of the incumbent positively affects these interconnect rates, and suggest that governments influence regulatory outcomes in favor of incumbents in which they are substantially invested. However, we also find that the presence of institutional features enhancing regulatory independence from the government mitigates this effect. In order to study regulatory independence, we introduce a new cross-country time-series database—the European Union Regulatory Institutions (EURI) Database. This database describes the development of institutions bearing on regulatory independence and quality in telecommunications in the 15 founding EU member states from 1997 to 2003
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- Title
- The Effects of Public Ownership and Regulatory Independence on Regulatory Outcomes
- Journal
Journal of Regulatory Economics
Volume 29, Issue 1 , pp 23-67
- Cover Date
- 2006-01-01
- 10.1007/s11149-005-5125-x
- Print ISSN
- Online ISSN
- 1573-0468
- Publisher
- Kluwer Academic Publishers
- Additional Links
- Topics
- Keywords
- European Union
- European Union Regulatory Institutions (EURI) Database
- interconnect rates
- National Regulatory Authorities (NRAs)
- privatization
- public ownership
- regulatory independence
- regulatory outcomes
- telecommunications
- Industry Sectors
- Authors
- Geoff Edwards (1)
- Leonard Waverman (2)
- Author Affiliations
- 1. CRA International, Orion House, 5 Upper St Martin's Lane, London, WC2H 9EA, United Kingdom
- 2. Department of Economics, London Business School, Regent's Park, London, NW1 4SA, United Kingdom


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The Caddo Conference Organization is currently in need of filling several positions. If you or anyone you know is interested in serving on the board please contact one or more of the nominations committee members: Bob Brooks (firstname.lastname@example.com), Mary Beth Trubitt (firstname.lastname@example.com), and George Avery (email@example.com).
We need to fill the positions of President Elect, Secretary-Treasurer Elect, and Editor Elect as well as representatives from each state and a student representative. Nominations must be made by February 1, 2015.
57th CADDO CONFERENCE
Save the Date!
The 57th Caddo Conference is scheduled for March 27-28, 2015 in Arkadelphia, Arkansas, and will be hosted by the Arkansas Archeological Survey and Henderson State University.
The Caddo Conference Organization is offering a scholarship of $300 for a currently enrolled student to attend the 2015 Caddo Conference, present a paper, and, if possible, submit the paper to Caddo Archaeology for publication. The scholarship will be awarded for the best abstract as chosen by the CCO board. Abstracts can be up to 400 words (approximately one page) in length and pertain to archaeology, history, or ethnology of the Caddo archaeological region (southwestern Arkansas, northwestern Louisiana, southeastern Oklahoma, and northeastern Texas) and adjacent areas. In addition to the abstract, applications should include contact information for the applicant, affiliated institution, and the name of a faculty sponsor. Please send applications to: firstname.lastname@example.com or mail to:
Jeffrey Girard
Deadline for submission is January 15, 2015. The winner will be decided by February 1, 2015.
The Arkansas Archeological Survey is launching a new website, "Arkansas Novaculite: A Virtual Comparative Collection."The website url is: http://arkarcheology.uark.edu/novaculite/index.html
The website describes and illustrates novaculite from the Ouachita Mountains as an important resource that was chipped into stone tools by Indians in the past, and is manufactured into whetstones today. This website is intended to be an educational resource for people interested in Arkansas history, archeology, and Indians of Arkansas, as well as a research tool for archeologists who need to identify novaculite from archeological sites. Highlights of the website include an interactive map and high-quality photographs that show the range of novaculite colors and textures.
This project is supported in part by a grant from the Arkansas Humanities Council and the National Endowment for the Humanities.
The Arkansas Archeological Survey is a unit of the University of Arkansas System.
For further information, contact:
The purpose of the Caddo Conference Organization shall be:
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© 2013 Caddo Conference Organization

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Animal welfare group pushes for dolphins' release
A Singapore casino resort's acquisition of dolphins from the Solomon Islands for its marine park contributed to the depletion of the species there, an animal welfare group said Friday.
A Singapore casino resort's acquisition of dolphins from the Solomon Islands for its marine park contributed to the depletion of the species there, an animal welfare group said Friday.
Dolphins sleep with only one half of their brains at a time, and according to new research published Oct. 17 in the open access journal PLOS ONE, this trait allows them to stay constantly alert for at lea ...
(AP)—Stinky the dolphin is lonely, and he's getting way too frisky with humans.
(AP)—Bolivian President Evo Morales has enacted a law to protect Amazon river dolphins, which many researchers say are at risk.
(AP)—A deaf dolphin found stranded in March off the Louisiana coast is being taken to live among other dolphins at a facility in Mississippi.
A huge Dutch super-trawler was Tuesday given the go-ahead to fish in Australian waters but with tough conditions to minimise by-catch such as dolphins, seals and sea lions.
Over-eager eco-tourists intent on seeing spinner dolphins up close may inadvertently be disturbing the charismatic animals' daytime rest periods and driving them out of safe habitats in bays along Hawaii's ...
The Cambodian government on Friday said it will limit fishing in a zone in the Mekong River to protect critically endangered freshwater dolphins.
Bottlenose dolphins that have learnt to use sea sponges as hunting tools form cliques with others that do the same -- the first evidence of animal grouping based on mutual interest, a study said Tuesday.
The largest oil spill on open water to date and other environmental factors led to the historically high number of dolphin deaths in the Gulf of Mexico, concludes a two-year scientific study released today.
Research from the University of Southampton, which examines how dolphins might process their sonar signals, could provide a new system for man-made sonar to detect targets, such as sea mines, in bubbly water.
For years, the U.S. Navy has employed human divers, equipped with sonar cameras, to search for underwater mines attached to ship hulls. The Navy has also trained dolphins and sea lions to search for bombs ...
South Korea will ban the catching of Indo-Pacific bottlenose dolphins for use in shows by designating them as protected mammals, the maritime affairs ministry said Tuesday.
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(Phys.org) -- Dolphins may learn harmful or undesirable behaviors, such as begging for food from humans, from each other, Murdoch University researchers have discovered.


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Minecraft monster apocalypseMinecraft monster apocolypse journal 1Day 1: Things are bad in Minecratia. People loved the netherworld. You could get a block of netherack-a block that never goes out once you light it, unless you hit it. People made nether portals everywhere, to get these blocks, and an added bonus-glowstone. I am ashamed to say that I made one of these portals myself, just to get a measly block of netherack. However, people went greedy, for netherack. They mined and mined it, then what they didn't need, they sold, for people who couldn't make netherportals. Then, they came. Strange white ghosts. They came and burned down everything. People with houses of stone hid, but then, the creepers came. They blew up houses and the ghosts could come in. Those who survived hid underground. As I write this on the limited resources I have, I can't help but think what I would do If they caught me. Because if they would, I wouldn't be able to stop this. Because I've made upp my mind. I'm going to destroy those net
some responsessomethingGuy: That's so ugly.You: So is your face.Guy: Calm down man, take a chill pill!You: it's not in my prescription.Justin Bieber: Baby, baby, baby.You: (in tune with "baby") DIEEEEEE!!!!!!!!!!Guy: That's so gay.You: so are you.Teacher: There's an easier way to do that.You: and there's my way, which I happen to like very much.Guy: That's wrong.You: And you're right?Guy: This is delicious!You: So was your soul.Mum: Eat it! It tastes just like chicken!You: So does chicken.Guy: Wasn't that fun?You: I had more fun when I went to bed last night.ACDC fan: I'm on a highway to hell!You: Send me a postcard.Guy: It's so cold!You: So is your heart.Guy: It's so dark!You: So is your soul.Guy: That man is guilty!You: So is your conscience.French guy impersonator: And now, I make ze pizza sandwhich.You: Au fail.


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Ritz-Carlton, Palm Beach employees can keep jobs, hotel owner says
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- Kevin Gale
- Editor in Chief- South Florida Business Journal
- Email | LinkedIn | Twitter | Google+
The seemingly bad news of the potential layoff of 452 workers at the Ritz-Carlton, Palm Beach has turned positive with this statement from the hotel's owners: "We have offered employees their jobs at existing pay and benefits."
Moreover, the employees staying on will be able to roll over their tenure and sick days, said the statement from RC/PB Inc., the hotel's owners said in the statement emailed on Monday.
An earlier letter to the state was less reassuring, saying employees can seek jobs at other Ritz-Carlton or Marriott International hotels and some of them may be hired by the new management of the hotel.
The latest statement said the owners have held five employee town hall meetings with question and answer sessions to assure them that they will be able to keep their positions.
Job and benefit enrollment sessions every day this week, including sessions with Spanish and Creole translators, the statement said. "We look forward to working with this exceptional group of employees to build a new and successful future."
RC/PB will take control of the luxury hotel July 1 from Marriott International, which is the parent company of Ritz-Carlton. In doing so, the owners have decided to rename the hotel as the Eau Palm Beach Resort & Spa.
Click here to see background on the owners' dispute with Marriott, which ended up in court.
Kevin Gale is editor in chief of the South Florida Business Journal
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The Pros and Cons of Prenups
Prenups: Sign on the Dotted Line?
Here's a poll from OnSugar blog Rantings of a Single Girl. Start following Rantings of a Single Girl or start your own OnSugar blog. Maybe your stories will be posted here on TrèsSugar!
I read the other day that 20% of men under the age of 29 would insist on a prenup before tying the knot. Now how many men that 20% makes up, I have no idea... but that's not the point of today's post. The point is prenups in general.
I can understand the point of a prenup. I mean, it's all about protecting your assests. But I don't really see the point in one unless you have enough assets to protect. If I made a million bucks a year? Sure. I'd possibly require a prenup. With what I make now and the assets I have now? No. I just couldn't see it happening.
I guess I see a prenup as a downer. It's almost like saying you expect your marriage to fail, so you are putting stop gaps in place. It also takes the romance out of it a little. "Here honey. Please sign agreeing that you won't take all my sh*t if our marriage goes belly up. Oh, and by the way, if you happen to give me a baby boy in the process, I'll throw in an extra $100,000 for you." I'm just not seeing that as a good precurser to a marriage.
But what do I know? I'm not married. I'm not getting married anytime soon. And like I said, I don't feel I have assets that are in need of that kind of protection. If I win the lottery in the next few years, I might just change my mind. But what do you think about prenups?
A do or don't?
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|November 19, 2012 06:59 PM EST
Capture & Document Management Experts Have Demonstrated Success at Incorporating Enterprise Capture into Business Solutions
Theale, UK (19 November, 2012) - ABBYY UK Ltd. today announced it has awarded C2S, based near Bath, UK, Gold Certified Partner status in the ABBYY European Solution Partner Programme. The certification strengthens the relationship between C2S, one of the UK's foremost document capture, recognition and integration specialists and ABBYY, a leading provider of document recognition, data capture, and linguistic technologies.
To attain Gold Certified Partner status C2S demonstrated expertise with ABBYY Data Capture technologies and a proven ability to meet customers' needs. ABBYY Europe Gold Certified Partners receive a rich set of benefits, including partner portal access, product training and support, all of which gives them a competitive advantage in the market.
"ABBYY is head and shoulders above the rest," states Martin Peirce, Director of C2S. "The recognition is extremely precise and the set-up highly customisable, whilst maintaining an easy-to-use front-end user experience. ABBYY FlexiCapture has become a key component in our solutions offering due to its reliability and accuracy. Extracting data from paper is a vital element in maintaining an efficient paperless office, and ABBYY's dependable software with its quick ROI makes it the perfect intelligent recognition package."
ABBYY FlexiCapture enables C2S to offer intelligent digitising and inbound document processing solutions related to almost any business process. C2S have a particularly strong track record of successful solutions for the legal market. Legal businesses are large consumers of paper documents, receiving and distributing an extraordinary number of documents on a daily basis. C2S have worked with a number of legal practices and larger processing companies to provide recognition solutions that intelligently identify and extract information from everyday documents (like searches, leases and statements). These solutions are repeatable to any legal firm interested in cost saving and streamlining.
"We place tremendous value on our relationships with partners, who help us deliver solutions and applications to customers. C2S has demonstrated a long track record in providing expert and high quality customer service using ABBYY FlexiCapture technology," states Ed MacArthur, Head of UK & Ireland Sales for ABBYY UK Ltd. "Customers need to rely on trusted advisers to help guide them through the available business technology options. C2S is such an adviser and we are therefore pleased to award them Gold Certified status in our European Solution Partner Programme."
To learn more about the ABBYY Europe Solution Partner Programme please go to:
About C2S
C2S is an established technology company that specialises in document imaging solutions including intelligent capture of data from electronic or paper documents. Businesses need to streamline processes to avoid raising costs when the inevitable upturn in the economy comes. C2S's portfolio of solutions and skills with integrating and linking applications help organisations large and small.
t: 0845 873 8600
E: [email protected]
About ABBYY UK Ltd.
ABBYY UK is a member of the ABBYY Group and supports sales and marketing activities in Western Europe. ABBYY is a leading provider of document recognition, data capture, and linguistic technologies and services. Its products include the ABBYY FineReader line of optical character recognition (OCR) applications, ABBYY FlexiCapture line of data capture solutions, ABBYY Lingvo dictionary software, and development tools. ABBYY offers Professional Services to help customers implementing business solutions based on ABBYY's products. Paper-intensive organizations from all over the world use ABBYY solutions to automate time- and labour-consuming tasks and to streamline business processes. ABBYY products are used in large-scale government projects such as those of Australian Taxation Office, Lithuanian Tax Inspectorate, Ministry of Education of Russia, Ministry of Education of Ukraine, and Montgomery County Government of the USA. Companies that license ABBYY technologies include BancTec, Canon, EMC/Captiva, Hewlett-Packard, KnowledgeLake, Microsoft, NewSoft, Notable Solutions, Samsung Electronics and more. ABBYY OCR applications are shipped with equipment from the world's top manufacturers such as Epson, Fujitsu, Fuji Xerox, Microtek, Panasonic, Plustek, Toshiba, and Xerox. ABBYY is headquartered in Moscow, Russia, with offices in Germany, the UK, the United States, Canada, Ukraine, Cyprus, Australia, Japan and Taiwan. For more information, visit http://www.abbyy.com/.
ABBYY, the ABBYY Logo, FineReader, ADRT, Lingvo, FlexiCapture, Recognition Server, and PDF Transformer are either registered trademarks or trademarks of ABBYY Software Ltd. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.
For more information, please contact:
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D - 80687 Munich
Tel.: 089/511 159-0
Fax: 089/511 159-59
E-mail: [email protected]
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The definition of IoT is not new, in fact it's been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you'll see that it includes everything from cloud computing, Big Data analytics, "Things," Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it's an Internet of many different things. The difference ...
Nov. 22, 2014 10:00 PM EST Reads: 1,080
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Nov. 22, 2014 05:30 PM EST Reads: 1,380
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Nov. 22, 2014 05:30 PM EST Reads: 1,290
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
Nov. 22, 2014 05:30 PM EST Reads: 1,093
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Nov. 22, 2014 07:00 AM EST Reads: 1,343
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Nov. 21, 2014 09:15 PM EST Reads: 1,265
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the "Internet of Things" (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve customer service, and lower the risk in the creation of new revenue opportunities. In his General Session at Internet of @ThingsExpo, Dave Wagstaff, Vice President and Chief Architect at BSQUARE Corporation, discuss the real benefits to focus on, how to understand the requirements of a successful solution, the flow of ...
Nov. 21, 2014 08:00 PM EST Reads: 1,341
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
Nov. 21, 2014 08:00 PM EST Reads: 1,282
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 21, 2014 07:00 PM EST Reads: 1,220
Focused on this fast-growing market's needs, Vitesse Semiconductor Corporation (Nasdaq: VTSS), a leading provider of IC solutions to advance "Ethernet Everywhere" in Carrier, Enterprise and Internet of Things (IoT) networks, introduced its IStaX™ software (VSC6815SDK), a robust protocol stack to simplify deployment and management of Industrial-IoT network applications such as Industrial Ethernet switching, surveillance, video distribution, LCD signage, intelligent sensors, and metering equipment. Leveraging technologies proven in the Carrier and Enterprise markets, IStaX is designed to work ac...
Nov. 20, 2014 09:15 PM EST Reads: 1,319
"There is a natural synchronization between the business models, the IoT is there to support ," explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 20, 2014 07:30 PM EST Reads: 1,506
C-Labs LLC, a leading provider of remote and mobile access for the Internet of Things (IoT), announced the appointment of John Traynor to the position of chief operating officer. Previously a strategic advisor to the firm, Mr. Traynor will now oversee sales, marketing, finance, and operations. Mr. Traynor is based out of the C-Labs office in Redmond, Washington. He reports to Chris Muench, Chief Executive Officer. Mr. Traynor brings valuable business leadership and technology industry expertise to C-Labs. With over 30 years' experience in the high-tech sector, John Traynor has held numerous...
Nov. 20, 2014 06:00 PM EST Reads: 1,274
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC's significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 20, 2014 04:45 PM EST Reads: 1,045
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
Nov. 20, 2014 01:00 PM EST Reads: 1,511
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
Nov. 20, 2014 12:30 PM EST Reads: 1,751
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Nov. 18, 2014 09:00 PM EST Reads: 1,988
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Nov. 18, 2014 08:15 PM EST Reads: 1,562
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
Nov. 18, 2014 08:15 PM EST Reads: 1,508
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Nov. 18, 2014 01:30 PM EST Reads: 1,984
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world. The next @ThingsExpo will take place November 4-6, 2014, at the Santa Clara Convention Center, in Santa Clara, California. Since its launch in 2008, Cloud Expo TV commercials have been aired and CNBC, Fox News Network, and Bloomberg TV. Please enjoy our 2014 commercial.
Nov. 13, 2014 05:00 AM EST Reads: 3,526


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10 Celebrities Who Aren't Really Talented
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Authors: Gobakken, T.; Naesset, E.
Source: Forest Ecology and Management, Volume 171, Number 3, 15 November 2002, pp. 297-308(12)
Publisher: Elsevier
Keywords: Betula pendula; Betula pubescens; Growth model; Mixed stand; Picea abies
Document Type: Research Article
DOI: http://dx.doi.org/10.1016/S0378-1127(01)00790-3
Affiliations: Department of Forest Sciences, Agricultural University of Norway, P.O. Box 5044, N-1432 , Ås, Norway
Publication date: November 15, 2002


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WASHINGTON — In less than five years, a married couple could be on their way toward Mars in an audacious but bare-bones private mission that would slingshot them around the red planet, under a plan announced Wednesday by a financial tycoon and his team.
The voyage to Mars...
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When the children at St. Andrew Avellino School in Queens wanted to show their appreciation to New York City's firefighters, EMTs and paramedics after Sept. 11, they put a little time and a lot of care into creating colorful cards. Children from Ann Beloten's kindergarten class crafted the first set of cards for Ann's husband, Maimonides Hospital paramedic Scott Beloten, who responded to the World Trade Center collapse (see his account on p. 28). Soon second graders joined in, creating a large poster for Scott. Finally, the school's two sixth-grade classes made cards for 25 firefighters and paramedics across New York City. Sentiments ranged from "You risked your lives saving people," to "Thanks to you, our city is safer." To the left, a sampling of their creative efforts.
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Gay university staff face coming out fear
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i personaly know one lecturer in this position. He's afraid to come out as BiSexual because of the aria he works in (I won't say more to protect him) and this limits his ability to socalise.
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|Grace Allison of Walcott Named to Dean's List at the Savannah College of Art and Design
|News Releases - Education & Schools
|Written by readMedia
|Tuesday, 26 July 2011 13:21
SAVANNAH, GA (07/22/2011)(readMedia)-- Grace Allison of Walcott, Iowa (52773), was named to the dean's list at the Savannah College of Art and Design for spring quarter 2011. Full-time undergraduate students who earn a grade point average of 3.5 or above for the quarter receive recognition on the dean's list. Allison is seeking a Bachelor of Fine Arts degree in Sequential Art.
SCAD: The University for Creative Careers
The Savannah College of Art and Design is a private, nonprofit, accredited institution conferring bachelor's and master's degrees to prepare talented students for professional careers. As the most comprehensive art and design university in the world, SCAD offers more than 40 majors and more than 50 minors at distinctive locations in Savannah and Atlanta, Georgia; in Hong Kong; in Lacoste, France; and online through SCAD eLearning.
SCAD has more than 20,000 alumni and offers an exceptional education and unparalleled career preparation. The diverse student body, consisting of more than 10,000 students, comes from all 50 United States and nearly 100 countries worldwide. Each student is nurtured and motivated by a faculty of more than 700 professors with extraordinary academic credentials and valuable professional experience. These professors emphasize learning through individual attention in an inspiring university environment. SCAD's innovative curriculum is enhanced by advanced, professional-level technology, equipment and learning resources and has garnered acclaim from respected organizations and publications, including 3D World, American Institute of Architects, BusinessWeek, DesignIntelligence, U.S. News & World Report and the Los Angeles Times.
For more information, visit scad.edu.
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Posted 12 April 2013 - 21:00
Posted 12 April 2013 - 21:28
I have a extremely old vintage 1998 Dell Inspiron laptop that I received for free. I recently put Windows XP pro to try to sell it for like $15 but with little luck. Do you think I should put Windows 98 on it and sell it for nostalgia or keep XP on it? Its a pretty well made old laptop for a dell!
Posted 12 April 2013 - 22:16
As far as computers/tech is concerned...15yrs is definitely vintage.


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Port Authority Approves Free Wi-Fi Deal For Airport Travelers
NEW YORK (CBSNewYork/AP) — The Port Authority of New York and New Jersey has approved a new deal with Boingo Wireless that will give travelers up to 30 minutes of free Internet access at the New York City area's major airports.
The service will be available at John F. Kennedy, LaGuardia, Stewart and Newark Liberty airports as early as this fall, the Port Authority said.
Once the complimentary minutes are up, a daily rate of $7.95 or a monthly fee of $9.95 applies, CBS 2 reported.
It currently costs travelers $4.95 an hour or $7.95 for 24 hours to access the Internet at the airports.
The Global Gateway Alliance, an airport advocacy group, says the plan is similar to many used at airports around the country, though some airports do offer unlimited Wi-Fi.
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N.Korea can launch nuclear missiles, U.S. spy agency says
WASHINGTON/SEOUL (Reuters) - North Korea has the ability to launch nuclear-armed ballistic missiles, although they would likely be unreliable, a Pentagon spy agency has concluded, as the United States and South Korea kept watch on Thursday for a missile test-launch by Pyongyang.
The Defense Intelligence Agency study, dated last month, appeared to be the first time the agency had reached such a conclusion.
"DIA assesses with moderate confidence the North currently has nuclear weapons capable of delivery by ballistic missiles, however the reliability will be low," said Republican U.S. Representative Doug Lamborn, who disclosed the conclusion during a congressional hearing on Thursday.
Lamborn said the agency reached the conclusion in a mostly classified March 2013 report. He did not say what range the nuclear-capable North Korean missiles might have.
General Martin Dempsey, chairman of the U.S. Joint Chiefs of Staff, declined to comment when asked if he agreed with that assessment, saying he had not seen the report.
The strong consensus inside the U.S. government is that North Korea does not yet have a nuclear device that would fit longer-range missiles which conceivably could reach U.S. territories.
Despite recent threats to attack U.S. bases and the South, North Korea started to welcome a stream of visitors for Monday's celebrations marking the birthday of its founder Kim Il-sung.
U.S. President Barack Obama said the United States would work diplomatically to reduce tensions with North Korea, while warning that Washington would take "all necessary steps" to protect America and its allies.
Obama met at the White House on Thursday with U.N. Secretary-General Ban Ki-moon, who called for China and other nations with influence over North Korea to help calm the situation.
North Korea has stationed as many as five medium-range missiles on its east coast, according to defence assessments by Washington and Seoul, possibly in readiness for a test-launch that would demonstrate its ability to hit U.S. bases on Guam.
"There are signs the North could fire off Musudan missiles any time soon," an unnamed intelligence source in Seoul told Yonhap news agency.
Most observers say Pyongyang has no intention of starting a war that would likely bring its own destruction, but they warn of the risks of miscalculation on the highly militarised Korean peninsula.
(Additional reporting by Jack Kim and Daum Kim in SEOUL, Sui-Lee Wee in BEIJING, John Ruwitch in SHANGHAI, and Patricia Zengerle, Mark Hosenball and Jeff Mason in Washington; Writing by Peter Cooney, Editing by Jim Loney)
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Risk Management
6 Things To Ponder This WeekendSubmitted by Tyler Durden on 11/15/2013 18:43 -0500
- Bear Market
- Bill Gross
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- Bond
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- Doug Kass
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- Hong Kong
- Housing Bubble
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- Mean Reversion
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- program trading
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- recovery
- Risk Management
- Warren Buffett
The third stage of bull markets, the mania phase, can last longer and go farther that logic would dictate. However, the data suggests that the risk of a more meaningful reversion is rising. It is unknown, unexpected and unanticipated events that strike the crucial blow that begins the market rout. Unfortunately, due to the increased impact of high frequency and program trading, reversions are likely to occur faster than most can adequately respond to. This is the danger that exists today. Are we in the third phase of a bull market? Most who read this article will say "no." However, those were the utterances made at the peak of every previous bull market cycle.
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- 17396 reads
Citi Warns "Fed Is Kicking The Can Over The Edge Of A Cliff"Submitted by Tyler Durden on 11/14/2013 20:22 -0500
It is becoming increasingly obvious that we are seeing the disconnect between financial markets and the real economy grow. It is also increasingly obvious (to Citi's FX Technicals team) that not only is QE not helping this dynamic, it is making things worse. It encourages misallocation of capital out of the real economy, it encourages poor risk management, it increases the danger of financial asset inflation/bubbles, and it emboldens fiscal irresponsibility etc.etc. If the Fed was prepared to draw a line under this experiment now rather than continuing to "kick the can down the road" it would not be painless but it would likely be less painful than what we might see later. Failure to do so will likely see us at the "end of the road" at some time in the future and the 'can' being "kicked over the edge of a cliff." Enough is enough.
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- 26834 reads
Blackberry Craters After Report Company Abandons Sale, To Replace CEO, To Issue 19.2% Dilutive Convert InsteadSubmitted by Tyler Durden on 11/04/2013 08:21 -0500
Just over a month ago, when we shared our cynical view on the "hopium" inspired LBO of Blackberry, we commented as follows: "In other words an LBO, one which however has not only one but many outs: "There can be no assurance that due diligence will be satisfactory, that financing will be obtained, that a definitive agreement will be entered into or that the transaction will be consummated." Which means that once the buyers figure out the potential disaster on the books, expect the final price (if any) to be revised lower as one after another MAC clause is triggered." Not even we were right: as it turns out moments ago, the Globe & Mail reported that having looked at the BBRY, not only will the price be revised lower, but the "purchase" price will be eliminated altogether as any deal is now dead, the company will do a convert offering instead and deadpan CEO Torsten Heins is history.
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Greenspan Maps a TerritorySubmitted by Pivotfarm on 11/01/2013 16:39 -0500
Just a few days ago Alan Greenspan's latest piece of work was published (October 20th 2013). It's entitled The Map and the Territory: Risk, Human Nature, and the Future of Forecasting.
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Guest Post: Instability Starts On The MarginsSubmitted by Tyler Durden on 10/31/2013 12:12 -0500
What is the prudent response when hefty profits beg to be booked and assets purchased with leverage/debt start declining? Sell, sell, sell. A financial sell-off doesn't even need a real crisis to spread like wildfire; it simply needs nosebleed asset valuations, excessive leverage/credit and risk priced at "the bull market is guaranteed to last essentially forever" levels. Prudence alone will ignite the conflagration.
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David Einhorn's Advice On How To Trade This Equity Bubble (Spoiler Alert: Don't)Submitted by Tyler Durden on 10/31/2013 10:04 -0500
Confused how to trade the second coming of the dot com bubble and a world in which irrational exuberance has hit irrationally exuberant levels? You are not alone. Here is some insight from none other than David Einhorn originating in his latest letter to investors.
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Did The Fed Kill The Long-Term Investor?Submitted by Tyler Durden on 10/28/2013 18:18 -0500
Gone are the days where people looked towards next year when building their portfolios, or five years down the road as they approach retirement. Now from a combination of apprehensiveness and shear paranoia in our unstable markets, investors are looking only as far as they can throw for their personal investment decisions. In more than 30 years of money management, Lance Roberts has never seen such a rapid change in the way people make financial plans. Instead of saving for the future, many are opting for fast gains - yet at the same time they want low risk. Others are playing it completely safe. In fact, in a quarterly poll, 83% of respondents said they were holding on to their cash versus investing in the stock market.
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Key Events And Issues In The Coming WeekSubmitted by Tyler Durden on 10/28/2013 06:10 -0500
In the upcoming week, the key event is the US FOMC, though we and the consensus do not expect any key decisions to be taken. Though a strengthening of forward guidance is still possible, virtually nobody expects anything of import to be announced until the Dec meeting. In the upcoming week we also have five more central bank meetings in addition to the FOMC: Japan, New Zealand, India, Hungary and Israel. In Hungary we, in line with consensus, expect a 20bps cut to 3.40% in the policy rate. In India consensus expects a 25bps hike in the repo rate to 7.75%. On the data front, US IP, retail sales and pending home sales are worth a look, but the key release will be the ISM survey at the end of the week, together with manufacturing PMIs around the world. US consumer confidence is worth a look, given the potential impact from the recent fiscal tensions.
- 4 comments
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- 3923 reads
China Repo Rate Surge Continues As PBOC Refrains From Liquiidty Injection For Third AuctionSubmitted by Tyler Durden on 10/24/2013 03:09 -0500
The reason why the Chinese Shanghai Composite again can't catch a bid (and why the Baltic Dry is sliding and will continue sliding from recent highs) is the same as the main event yesterday: the concerns that while the Fed punchbowl is and will continue to be filled beyond the point of overflowing, China - where inflation has once again taken a turn for the worse as it did this summer when after much repo pain the PBOC killed it early on in order to not repeat the scary episode of 2011 - may be actively engaging in monetary tightening. And like yesterday, when the PBOC refrained from adding liquidity via reverse repos, so today for a third straight auction the Chinese Central Bank refused to inject short-term funding into the system. The immediate result: China's one-month Shibor rose 59 bps, most since June 25, to 5.4000%; three-month Shibor rose to 4.6876% from 4.6843% yesterday, while the key 7-Day Repo Rises 63 Bps to 4.68% hitting 5% prior, which was the biggest jump since July.
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"What Politicians Want Is A World Of Pure Beta And Zero Alpha"Submitted by Tyler Durden on 10/14/2013 08:38 -0500
What politicians want from their regulatory efforts is a world of pure beta and zero alpha. This is the ultimate "level playing field", where no one knows anything that everyone else doesn't also know. The presumption within regulatory bodies today is that you must be cheating if you are generating alpha. How's that? Alpha generation requires private information. Private information, however acquired, is defined as insider information. Insider information is cheating. Thus, alpha generation is cheating. QED. Why would politicians want an alpha-free market? Because a "fair" market with a "level playing field" is an enormously popular Narrative for every US Attorney who wants to be Attorney General, every Attorney General who wants to be Governor, and every Governor who wants to be President … which is to say all US Attorneys and all Attorneys General and all Governors. Because criminalizing private information in public markets ensures a steady stream of rich criminals for show trials in the future. Because the political stability of the American regime depends on a widely dispersed, non-zero-sum price appreciation of all financial assets – beta – not the concentrated, zero-sum price appreciation of idiosyncratic securities. Because public confidence in the government's control of public institutions like the market must be restored at all costs, even if that confidence is misplaced and even if the side-effects of that restoration are immense.
- 42 comments
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- 7680 reads
CFTC Seeks Admission Of Market Manipulation From JPM; Jamie BalksSubmitted by Tyler Durden on 09/18/2013 07:27 -0500
Even as JPMorgan seems set to put its London Whale troubles behind it with a nearly $1 billion imminent settlement, while at the same time throwing two mid-level traders at NY prosecutors and washing its hands of the whole tempest in a teapot affair, a curious snag has appeared. The CFTC, which in the past has never had a problem with promptly settling any market manipulation abuse with any bank in exchange for a small cash-greased slap on the hand, is suddenly a sticking point in JPM's ability to just walk away from the biggest prop trading Snafu in history. As WSJ reports, "the CFTC is focusing on the bank's increasingly aggressive trades made over several months early last year, when it added tens of billions of dollars to its derivatives positions—contracts tied to investment-grade corporate bonds, these people say. The CFTC is likely to use new powers granted by the Dodd-Frank law that allow it to charge firms for recklessly manipulating markets, say people familiar with the agency's thinking."
- 87 comments
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- 12565 reads
JPM May Be Parting Ways With Blythe MastersSubmitted by Tyler Durden on 09/10/2013 12:41 -0500
It is somewhat ironic that none other than CNBC is reporting the news (which was suggested here months ago in "Will JPMorgan's "Enron" Be The End Of Blythe Masters?") that as part of its divestment of its physical commodities unit announced previously, JPMorgan may also seek to cover up any trace of market manipulation in the division recently embroiled in the aluminum cartel scandal (which we reported on in June 2011 and which story recently rose to prominence as a result of follow up reporting by the NYT) by getting rid of none other than Blythe Masters.
- 113 comments
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- 16129 reads
CFTC Pushes HFT Regulation Amid "Market Fairness" And "Disruption" ConcernsSubmitted by Tyler Durden on 09/10/2013 11:06 -0500
"Traditional risk controls and safeguards - that relied on human judgment and speeds - must be reevaluated in light of new markrt structures," are the initial findings from the CFTC regarding the prevalance of high-frequency trading in futures markets. As USA Today reports, efforts to reduce trading order-processing times could "lead to a competitive race to the bottom" where positions outpace risk systems and potentially lead to systemic threats. All the signals are that the top US financial regulator may impose new restrictions to halt breakdowns and to avoid high-speed trading which "could provide opportunities for information advantage." Of course, we've heard this before and with trading volumes at 15-year lows, we suspect the 'industry' will be lobbying hard; but this is a positive step (only 3 years after the CFTC started to look at HFT).
- 19 comments
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Guest Post: Economic Darwinism And The Next Financial CrisisSubmitted by Tyler Durden on 08/29/2013 15:44 -0500
Just as natural selection selects for traits that improve the odds of success/survival in the natural world, Economic Darwinism advances people and policies that boost profits and power within the dominant environment. If there was one phrase that summarized the current malaise, it would be "The Federal Reserve's 20-year policy of easy money created an environment virtually assured to select bankers, bureaucrats, educators, and elected officials who least understood the consequences of a credit crisis." In other words, a hyper-financialized environment of near-zero interest and abundant credit rewarded those people and policies that succeed in that environment.
- 109 comments
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The Grand Experiment: Offloading Risk Onto The StateSubmitted by Tyler Durden on 08/22/2013 16:33 -0500
From the historical perspective, concentrating virtually all systemic risk into the state is a Grand Experiment. Cheap, abundant oil, expanding working-age populations and rapidly increasing productivity conjured the illusion that the state was large enough and powerful enough to absorb infinite risk with no real consequence. The problem is the state's ability to tax/print/borrow money to cover payouts and losses is not infinite. Having transferred virtually all systemic risks to the state, we presume the state is so large and powerful that a virtually limitless amount of risk can be piled onto the state with no consequences. Offloading risk onto the state does not make the risk vanish; it simply concentrates the risk of collapse into the state itself.
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13 Comments | Add Yours
My excuse is alawys "I will later" or "I will right after the holidays." And it never happens.
by a_school_nerd on 12/18/2012 9:16:29 PM
Hey girlies! Come join my club Healthy Eats!
by iheartparis101 on 12/18/2012 8:53:11 PM
"It's the holidays" is always comin' to mind during the holiday season.
by otter77 on 12/18/2012 7:38:00 PM
Your go-to chat up line to your crush is…
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