... 1787. There was a strong windand a green sea. Three men and a boy stood onthe deck of the little ship, HMS Bounty. Behind them, onthe land, were somehills and small white houses. The ship ... man with stones. when the launch wentout to sea, the islanders came after it in their canoes. Theythrew stones at the sailors.‘Throw the coats into the sea,’ Bligh said. ‘Quick!’ The islanders ... picked the coats out of the sc;i.Then the canoes went back to Tafua. officers. Bligh was the captain, Christian was lìis secondofficer. The ship was often wet and cold, but no one was ill.Once...
... Committee is also considering constraining the diversification assumed within the primary risk class. The constraint onthe correlation parameter could be through the prescription of supervisory-specified ... calibration to stressed conditions The Committee has identified the choice of the regulatory risk metric and the market conditions to which it is calibrated as key policy decisions in the context ... allowing them (restricted to some extent by the new conditions onthe boundary) some flexibility to choose the designation of their instruments provided they are willing to fair value them daily...
... housed the RSP monitor. The intakes and exhausts of the concealedmonitors were connected to the outdoor environment. The monitors were deployed about the UMBC campus in a variety of locations on Tuesday, ... The more turbulent the atmosphere, the more rapid the spread of the plume in the direction transverse to the direction of propagation of the plume.3. The maximum concentration at ground level ... in the longitudinal direction by the wind, and in the transverse directions by diffusion. A highly simplified expression which illustrates the physics for the downwind concentration C onthe plume...
... inApril." The data of the dimensions of the Ontario are recorded, being only about one-third the capacity of the Frontenac, which would account for the shorter time in which she was constructed. The ... out the other owners, bring the Chicora through the canal and put her onthe NiagaraRoute, where she could earn good money.One was to do the work and the other to find the backing for the funds ... in the press that in order to provide for the construction of the lower locks at the Ontario end of the new Welland Canal, the Canadian Government intended, after the closeof navigation the...
... they affect the substantive conclusions. As explained in the next section, this is the tack that I take. 3. The Framework As already noted, the focus of the current controversy is on taxes ... Introduction One of the main elements of Governor Romney’s program for increasing the growth of the U.S. economy is reform of the tax system. With respect to the personal income tax, the key ... analyze the Romney proposal taking into account the additional income that might be generated by economic growth. The main conclusion is that under plausible assumptions, a proposal along the lines...
... that reprices monthly based onthe six-month Euribor, exposes the institution to the risk that the spread of these two index rates may change.Optionality results from the option embedded in ... incorporation of a specific hypothesis onthe paymentof interest and principal and onthe non-interest component of profits and losses. In this sense, the sim-ulation approaches, as they allow ... to one year horizons or haveshort maturities. Onthe other hand, the majority of customer deposits are concentrated in interest raterepricing horizons of less than one year. In addition, the...
... hence the present condition (2.8)impl ies the validity of t he analogous condition with g > 1, assumed in [11] (see condi-tion (8)). But, onthe other hand, taking g > 1 one can lose the ... neither on a, nor on h.Moreover,even the prescribed boundary values ν1, ν2are not involved onthe existence ofsolutions.A crucial assumption in [11] is a limitation onthe rate of the ... Moreover,+∞e−1μmK(t)dt ≥ Const.+∞t−1μmhkdt =+∞by the lower bound onthe exponent μ. So, the assertion follows from Theo rem 2.6.□ The following results are immediate consequences of Theorems 3.1,...
... sub-problems.One of these sub-problems is the energy efficiency of the high-power amplifier (HPA) at the very end of the radio frequency chain o f the physical layer [1]. The HPA consumes a major fraction ... toler-ated nonlinear distortions onthe other hand will affect the overall transmission system. It is still unknown howto quantify this effect by a suitable metric. Moreover, the optimal parameters ... is to pro-cess the baseband signal in such a way that the specificmetrics are improved: here, the algorithms obviouslydepend onthe choice of the metric. Now, the interactionbetween both...
... depending onthe selection of q, rate of convergence of the q-BBH operators is betterthan the classical one.2. Construction of the operatorsWe first start by recalling some definitions about ... if the assumptions of Theorem 3.4 hold, then, depending on the selection of qn, the rate of convergence of the operators (2.5)to f is 1/[n +1]2thatis better than 1/(n +1)2, which is the ... approximation of these new operators on some subspaceof bounded and continuous functions. In Section 3, we show that the rates of convergenceof the new operators in uniform norm are better than the...
... Composition semigroups and the Ces`aro operator on Hp, Journal of the LondonMathematical Society. Second Series 36 (1987), no. 1, 153–164.[13], The Ces`aro operator is bounded on H1, ... the unit disk setting, see [20]. If q + s1, then F(p,q,s)is the space of constant functions.For an analytic function f (z) onthe unit disk D with Taylor expansion f (z)=n=0anzn,theCes`aro ... iated with the Green’s function on the unit ball ofCn, Pacific Journal of Mathematics 182 (1998), no. 1, 69–99.[10] C. Pommerenke, Schlichte Funktionen und analytische Funktionen von bes chrăankter...
... increasinglyattractive.”In 1965 the investor could obtain about 41⁄2% on high-grade tax-able bonds and 31⁄4% on good tax-free bonds. The dividend return on leading common stocks (with the DJIA at 892) was only about3.2%. ... notconsider specifically the possibility that the same might happen to the price of high-grade bonds. (Neither did anyone else that weknow of.) We did warn (on p. 90) that “a long-term bond ... against the charge thatit gave too wide scope to the concept of investment.Now our concern is of the opposite sort. We must prevent ourreaders from accepting the common jargon which applies the...
... Second, the market islikely to respond with reasonable speed to any improvementshown.A remarkable demonstration of the soundness of this thesis isfound in studies of the price behavior of the ... further that these purchases were sold out at the end ofholding periods ranging from one to five years. The results of theseinvestments were then compared with the results shown in either the ... high prices along the way. An investor without such close personal contact will constantly be faced with the question of whether too large a portion of his funds are in this one medium.* Each...
... operations from 1897 to the early 1960s. On the basis of this presentation the practical value of the Dow theorywould have appeared firmly established; the doubt, if any, wouldapply to the dependability ... for the NASDAQ and 2000 onthe upside.” It turned out that there were no points on the upside and more than 2000 onthe downside, as NASDAQ keptcrashing until it finally scraped bottom on October ... of the past. But as their acceptance increases, theirreliability tends to diminish. This happens for two reasons: First, the passage of time brings new conditions which the old formulano longer...
... experience in the field. Only in the excep-tional case, where the integrity and competence of the advisershave been thoroughly demonstrated, should the investor act upon the advice of others without ... for more than onereason. For many decades the New York Stock Exchange has beenmoving in the direction of closer and stricter controls over the operations and financial condition of its members—including ... onthe securityrecommendations made by their advisers. But they can beexplicit—and even repetitiously so—in stating the kind of securi-ties they want to buy. If they follow our prescription...