Margaret Armstrong and Betty Costa
The computer‐based card catalog of Mountain View Elementary School, Broomfield, CO, is described. This system is compared to the traditional card catalog. Younger children find it…
Abstract
The computer‐based card catalog of Mountain View Elementary School, Broomfield, CO, is described. This system is compared to the traditional card catalog. Younger children find it easier to use than traditional card catalogs. An implementation schedule and further information sources are included.
Daniel Totouom and Margaret Armstrong
We have developed a new family of Archimedean copula processes for modeling the dynamic dependence between default times in a large portfolio of names and for pricing synthetic…
Abstract
We have developed a new family of Archimedean copula processes for modeling the dynamic dependence between default times in a large portfolio of names and for pricing synthetic CDO tranches. After presenting a general procedure for constructing these processes, we focus on a specific one with lower tail dependence as in the Clayton copula. Using CDS data as on July 2005, we show that the base correlations given by this model at the standard detachment points are very similar to those quoted in the market for a maturity of 5 years.
1. The Committee was informed that the manufacture of shredded suet from imported premier jus is subject to control by licence and that it is a condition of the licences that the…
Abstract
1. The Committee was informed that the manufacture of shredded suet from imported premier jus is subject to control by licence and that it is a condition of the licences that the product shall contain not less than 83 per cent. of fat. This figure was adopted in 1931 by the Council of the Society of Public Analysts and Other Analytical Chemists pending the establishment of a legal standard. 2. In the manufacture of shredded suet premier jus the fat is forced into shreds or granules and a cereal or amylaceous filler is added so as to form a coating over the particles of fat, thus preventing them from adhering together and at the same time retarding the development of rancidity. 3. The amount of filler taken up by the shredded fat depends primarily on its stickiness, which in turn depends on the temperature at which the manufacturing process is conducted. Manufacturers must give special attention to the problem of securing uniformity of distribution, otherwise part of a batch will take up more than its share of the amount of filler allowed by the manufacturing formula. In spite of all practicable care, complete uniformity cannot be ensured and some tolerance is therefore necessary to allow for unavoidable variations. 4. The proportion of filler used in the past by different manufacturers has varied considerably. A purchaser of shredded suet is primarily purchasing fat and it is desirable that the fat content shall be the maximum that can be included whilst still retaining good keeping properties. The Committee is of the opinion that shredded suet, to be of satisfactory quality, should not contain substantially less than 85 percent. of fat, and that a product approximating to this standard will have the necessary keeping properties. The Committee is satisfied that the allowance of 2 per cent. for uneven distribution on and among the shreds, which was adopted by the Council of the Society of Public Analysts in 1931, is reasonable, and understands that it is considered adequate by the manufacturers of shredded suet. 5. A small amount of suet (i.e., natural unrendered fat), received by butchers as part of their meat allocation, is chopped or minced, and in the latter case mixed with cereal filler and sold under the description “shredded suet.” By whichever method it is prepared it differs from the shredded suet made from premier jus by reason of the presence of membrane and moisture. If made by chopping it will contain more fat than the product made from premier jus, but if made by mincing and admixture with a filler it is likely to contain less owing to the membrane and moisture in the raw material and the impracticability of analytical control. 6. It was suggested to the Committee that the use of the description shredded suet for the products made by butchers was misleading and that the name should be restricted to the product made from premier jus. The Committee is, however, of the opinion that the general public would be equally satisfied whether the product supplied in response to a demand for shredded suet had been prepared with premier jus or suet. Further, it is considered that a purchaser of shredded suet is not prejudiced if he receives a product containing membrane and moisture provided he also receives the appropriate amount of fat. It therefore does not appear to the Committee that there is any necessity, from the viewpoint of protecting the public in regard to quality, for recommending the imposition of this restriction. 7. The Committee noted that the statement issued by the Council of the Society of Public Analysts included an expression of opinion that “the nature of any admixture to suet should be declared.” This recommendation is, however, outside the terms of reference of the Committee and no comment is therefore made thereon. 8. The Committee accordingly recommends that shredded suet should be required to contain not less than 83 per cent. of fat.
Margaret Armstrong, Guillaume Cornut, Stéphane Delacôte, Marc Lenglet, Yuval Millo, Fabian Muniesa, Alexandre Pointier and Yamina Tadjeddine
The purpose of this paper is to highlight the potentials offered by New Product Committees for the development of responsible innovation in the financial services industry; and to…
Abstract
Purpose
The purpose of this paper is to highlight the potentials offered by New Product Committees for the development of responsible innovation in the financial services industry; and to provide grounds for policy recommendations.
Design/methodology/approach
The paper takes the form of collective, interdisciplinary reflection and experience within the industry.
Findings
New Product Committees can serve a practical approach to responsible innovation in finance.
Originality/value
The paper fills a gap in the empirical consideration of New Product Committees in the financial services industry and proposes original directions for policy orientations within organizations and at a regulatory level.
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Keywords
In her 25 years of teaching biological sciences, Professor Mary Coynehas sought appropriate diagrams and images to illustrate the concepts ofwhat she terms a visual discipline…
Abstract
In her 25 years of teaching biological sciences, Professor Mary Coyne has sought appropriate diagrams and images to illustrate the concepts of what she terms a visual discipline. Until recently, she used both slides and overhead transparencies during lectures – methods which she found inflexible, colorless, or boring. Moreover, these methods constantly thwarted her goal of new and better ways to illustrate a point. Frequent refocussing of the slide projector frustrated her by interrupting the flow of her lectures. Worse still was the scarcity of study review materials available for students. One slide carousel left on reserve at the library was never enough, nor was slide projection a practical study method.
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Jean-Pierre Fouque, Thomas B. Fomby and Knut Solna
The main theme of this volume is credit risk and credit derivatives. Recent developments in financial markets show that appropriate modeling and quantification of credit risk is…
Abstract
The main theme of this volume is credit risk and credit derivatives. Recent developments in financial markets show that appropriate modeling and quantification of credit risk is fundamental in the context of modern complex structured financial products. Moreover, there is a need for further developments in our understanding of this important area. In particular modeling defaults and their correlation has been a real challenge in recent years, and still is. This problem is even more relevant after the so-called subprime crisis that hit in the summer of 2007. This makes the volume very timely and hopefully useful for researchers in the area of credit risk and credit derivatives.
InfoQUEST is a microcomputer‐based online public access catalog, designed for the small library handling file sizes up to 25,000 records. Based on the IBM‐PC, or compatible…
Abstract
InfoQUEST is a microcomputer‐based online public access catalog, designed for the small library handling file sizes up to 25,000 records. Based on the IBM‐PC, or compatible machines, the system will accept downloading, in batch mode, of records from the library's file on the UTLAS Catalogue Support System (CATSS). The features and use of InfoQUEST are described.
Concerns of nursing literature today reflect the aspirations and changing character of the profession as it seeks to:
Emma Dresler and Margaret Anderson
Heavy episodic drinking in young women has caused concern among many groups including public health professionals. The purpose of this paper is to investigate the experiences of…
Abstract
Purpose
Heavy episodic drinking in young women has caused concern among many groups including public health professionals. The purpose of this paper is to investigate the experiences of young women’s alcohol consumption so as to facilitate better health education targeting.
Design/methodology/approach
This qualitative descriptive study examines the narratives of 16 young women’s experience of a “night out” framed as the Alcohol Consumption Journey.
Findings
The young women’s Alcohol Consumption Journey is a ritual perpetuated by the “experienced” and “anticipated” pleasure from social bonding and collective intoxication. The data showed three sequential phases; preloading, going out and recovery, which were repeated regularly. The young women perceived that going out was riskier than preloading or recovery and employed protective strategies to minimise risk and maximise pleasure. Alcohol was consumed collectively to enhance the experience of pleasure and facilitate enjoyment in the atmosphere of the night time economy. Implications for health interventions on collective alcohol consumption and perceived risk are presented.
Originality/value
The concept of socio-pleasure is valuable to explain the perpetuation of the young’s women ritualised Alcohol Consumption Journey. The binary concepts of mundane/celebration, individual/collective and insiders/outsiders are useful to illustrate the balancing of collective intoxication with group protective strategies in navigating the edge between risk and pleasure.