Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at which the central bank remunerates banks’ excess reserves. This unexpected development coincided with the start of the Public Sector Purchase Program (PSPP). In this paper, we explore empirically the interactions between the PSPP and repo rates. We document different channels through which asset purchases may affect them. Using proprietary data from PSPP purchases and repo transactions for specific (“special") securities, we assess the scarcity channel of PSPP and its impact on repo rates. We estimate that purchasing 1 percent of a bond outstanding is associated with a decline of its repo rate of 0.78 bps. Using an instrumental variable, we find that the full effect may be up to six times higher.
The United States government’s plan to eradicate crime. A billionaire doctor’s sinister plot to expand mind control throughout North America under the auspices of the American president. An ethical neurosurgeon whose purpose in life is to prevent Cyberbrain’s expansion outside the United States. Max Wilson, a medical school student from Buffalo, is looking forward to saving lives. His peers, however, are pressuring him to consider a lucrative offer from the Cyberbrain Corporation: train as a government-sponsored doctor inserting neural implants, or “cybers,” in the brains of newborns. Cyberbrain—a program designed by billionaire doctor Patrick Kobayashi to eliminate crime by stifling criminal thought right where it starts—in the brain. Max and his friends were part of first wave of Cyberbrain implants. He’s told time and again that it’s something he should be proud of, but he feels trapped inside his own head. An accident on Canadian soil puts him under the scalpel of Dr. Warren Alston. Alston is a respected neurosurgeon who refused to be a lackey to Kobayashi’s pet project at the beginning of his career. He fled to Canada, where free will was still the law of the land. Alston is recruited years later by Kobayashi to expand Cyberbrain’s operations to Canada, but he sends the billionaire packing. Alston extracts the cyber from Max’s brain and sends it to a secret lab for study. Alston is convinced Cyberbrain’s implants pose a far greater threat to society at large than merely suppressing criminal thought. Max has become the only living person to have his cyber removed. He discovers the true meaning of free will, and he understands why he felt trapped inside his head. Max refuses to submit to a direct order for a new implant; he is a wanted man. But Max is convinced that anyone who has undergone a neural implant must have their cyber removed, beginning with his girlfriend, Vanessa. With Dr. Alston’s help, Max is prepared to risk arrest to bring Vanessa across the border. Will Dr. Alston’s war on Cyberbrain prove that Kobayashi has something far more menacing in mind? Will Max be able to convince Vanessa that free will is far more desirable than suppressed thought?
Information, Knowledge and Agile Creativity will enlighten entrepreneurs, and is ideal for facilitating an organization’s ability to react and adapt to its environment. Creativity is a system that engenders innovation. While integral at the conception stage, it is also important before and after this phase. This book offers a collection of tools, as well as a methodology, to estimate the agility of an organization to generate and transform ideas into solutions that are not only new but also adapted to their users. To this end, this book presents strategic foresight and problem comprehension methods; tools of sharing and visual information formatting; animation tips for creativity workshops; techniques for generating ideas; and tools for visualizing and mapping ideas, information, and knowledge.
Despite recent optimism and global initiatives, the implementation of corporate sustainability programs has been slow at best, with less than a third of global companies having developed a clear business case for their approach to sustainability. Presenting numerous award-winning cases and examples from companies such as Unilever, Patagonia, Tumi, DSM and Umicore alongside original ideas based upon 20 years of consulting experience, this book reveals how to design and implement a stronger sense of focus and move sustainability programs forward. This proven combination of purpose, direction and speed is dubbed “Vectoring”. Based upon practitioner cases and data analysis from the Dow Jones Sustainability Index, Vectoring offers a plain-spoken framework to identify the relative position of companies compared to their peers. The framework and its 4 archetypes deliver insights for practitioners to locate inhibitors and overcome them by providing practical suggestions for process improvements. This includes designing and executing new sustainability programs, embedding the SDGs within company strategy and assessing the impact of sustainability programs on competitiveness and valuation. Offering directions for CFOs to shift companies from integrated reporting to integrated thinking in order to accelerate their sustainability programs, Winning Sustainability Strategies shows how to achieve purpose with profit and how to do well by doing good.
Applying any material to an existing concrete surface intrinsically entails the development of a bond. Considering the ever increasing importance of concrete repair and protection, which imply the creation of an interface between two materials, an improved knowledge of concrete surface characteristics is paramount. Surface engineering, which has evolved from the world of metallurgy, addresses all surface-related considerations, notably adhesion. It provides a fundamental understanding of what will make the contact between two materials effective or not, allowing for interactions of variable intensity. It also comes with a variety of scientific tools for characterizing the quality of the substrate, the properties of the new material layer and their interface. In the case of concrete surface treatment, this is especially important for achieving lasting results. This book addresses the essentials of concrete surface engineering in view of a wide variety of concrete surface treatments, from protective coatings to repairs. It provides a leading-edge source of information for practicing engineers, architects, repair specialists, and researchers on the following topics: Surface engineering principles applied to concrete Methods and techniques for assessing concrete surface characteristics Fundamentals of adhesion between concrete and surface repairs/treatments Compatibility requirements for concrete surface repairs/treatments Review of surface preparation techniques available for concrete Achievement and appraisal of bond between existing concrete and surface repairs/treatments Benoît Bissonnette is professor of civil engineering at Laval University in Quebec City, Canada. Luc Courard is professor of building materials at the University of Liège in Belgium. Andrzej Garbacz is professor of building materials engineering in the Department of Building Materials Engineering at the Warsaw University of Technology in Poland.
Fractal geometry, together with the broader fields of nonlinear dynamics and complexity, represented a large segment of modern science at the end of the 20th century. Penetration of the resulting new paradigms into practically all academic disciplines has confirmed the fundamental assertion of universal formalism common to a wide range of human endeavors. This book contains an extended article by B B Mandelbrot, reviewing his contribution to fractal geometry and outlining some unsolved problems, with illustrations especially of finance and physics. It covers a range of multidisciplinary topics OCo from the biology of aging, through the self-similar shape of plants, image decompression and solar magnetic fields, to sound reflection in the street. The book is a treasure trove for innovative researchers working in fields related to fractal geometry. The proceedings have been selected for coverage in: . OCo Index to Scientific & Technical Proceedings- (ISTP- / ISI Proceedings). OCo Index to Scientific & Technical Proceedings (ISTP CDROM version / ISI Proceedings). OCo CC Proceedings OCo Engineering & Physical Sciences.
Exploring the Effects of Toxins Overload, Hormonal Imbalance, Infections, Nutrient Deficiencies on Mental Health, Substance Abuse, and Incarceration of Women in The United States and Around the World
Exploring the Effects of Toxins Overload, Hormonal Imbalance, Infections, Nutrient Deficiencies on Mental Health, Substance Abuse, and Incarceration of Women in The United States and Around the World
In this eye-opening book, the author sheds light on the often-ignored issue of women's incarceration and the many factors that contribute to it. From hormone imbalances and mental health issues to systemic flaws in the criminal justice system, this book explores the multifaceted challenges that women face when it comes to being incarcerated and staying out of prison. Drawing on the latest research and expert perspectives, the author offers insights into what can be done to improve the lives of women behind bars and reduce recidivism rates. The book covers a range of topics, including the role of hormones in women's mental health, the impact of poverty and trauma on drug abuse, and the need for reform in law enforcement and judicial systems. With its compassionate and thought-provoking approach, this book is a must-read for anyone interested in criminal justice reform, women's health, and social justice issues. It challenges readers to think critically about the way our society treats incarcerated women and offers practical solutions for creating a more just and equitable system.
This book presents interdisciplinary approaches to help buildings, electrical energy networks and their users contribute to the energy and societal transition. Smart Grids and Buildings for Energy and Societal Transition examines the technologies, uses and imaginaries involved in implementing smart buildings and smart grids. Production and consumption forecasts, modeling of stakeholder involvement and self-consumption within a renewable energy community exploiting blockchain technology are examples developed with a view to fostering the emergence of smart grids. The potential of smart buildings, taking into account user comfort while increasing energy efficiency, is identified. Full-scale demonstrators are used to test the proposed solutions, and to ensure that users take full advantage of the potential for electrical flexibility.
The Experience of Emerging Adulthood among Street-Involved Youth tells the story of young people who were street-involved from their early to mid-teens into their 20s, particularly their experiences of emerging adulthood while struggling towards young adulthood and independence. These youth experienced emerging and early adulthood earlier than other youth while living independently of guardians, detached from formal education, and working in the underground economy. After leaving their guardians they were choosing how to be different than their family, learning to cope with instability, enjoying and protecting their independence, and they experienced some satisfaction with their ability to manage. As one youth stated, "away from my family, I learned that I was not stupid." Their success was facilitated by harm-reduction services, like access to shelter and food, that gave them time to experiment with living independently and to practice being responsible for themselves and others. Later they begin to prefer non-street identities, and they began to think about their desires for the future; the distance between their current lives and those aspirations was the experience of feeling "in-between," and progress toward their aspirations was often complicated by past experiences of trauma, current experiences of exclusion, coping with substances, and the mismatch between their needs and available services"--
A fascinating exploration of the historical and cultural development of the French language from the bestselling authors of Sixty Million Frenchmen Can’t Be Wrong. Imagine a language that is watched over by a group of forty “Immortals,” a language with rules so complex that few people ever completely master it, whose status as the world’s lingua franca has been declining for two centuries, whose use in global institutions is waning and whose speakers are so insecure they pass laws banning the use of other languages and spend millions of tax-payers’ dollars to make sure it gets used in literature, music and film. Now imagine a language that is second only to English for the number of countries where it is spoken officially, surpassing both Spanish or Arabic, a language that is the official tongue of two G-7 countries and three European nations, that is employed alongside English in most international institutions and that is the number-two choice of language students across the planet – a language with two million teachers and 100 million students worldwide, and whose number of speakers has tripled in the last fifty years. This paradox is the backdrop for The Story of French, in which bilingual Canadian authors Jean-Benoît Nadeau and Julie Barlow unravel the mysteries of a language that has maintained its global influence in spite of the ascendancy of English. Mixing historical analysis with journalistic observation, and drawing on their experiences living in and travelling to French-speaking countries, they explore how the French language developed over the centuries, how it came to be spoken in the Americas, Africa and Asia, and how it has maintained its global appeal.
This textbook originated from the course 'Simulation, Modeling, and Computations in Biophysics' that I have taught at the University of Chicago since 2011. The students typically came from a wide range of backgrounds, including biology, physics, chemistry, biochemistry, and mathematics, and the course was intentionally adapted for senior undergraduate students and graduate students. This is not a highly technical book dedicated to specialists. The objective is to provide a broad survey from the physical description of a complex molecular system at the most fundamental level, to the type of phenomenological models commonly used to represent the function of large biological macromolecular machines.The key conceptual elements serving as building blocks in the formulation of different levels of approximations are introduced along the way, aiming to clarify as much as possible how they are interrelated. The only assumption is a basic familiarity with simple mathematics (calculus and integrals, ordinary differential equations, matrix linear algebra, and Fourier-Laplace transforms).
This selection of 8 papers discusses “Equations of Kinetic Physics” with emphasis on analysis, modelling and computing. The first 3 papers are on numerical methods for Vlasov-Poisson and Vlasov-Maxwell Equations — Comparison between Particles and Eulerian Methods (G Manfredi and M R Feix), Computing BGK Instability with Eulerian Codes (M R Feix, Pertrand & A Ghieco) and Coupling Particles and Eulerian Methods (S Mas-Gallic and P A Raviart) — Followed by a survey of kinetic and macroscopic models for semiconductor devices — Boltzmann Equation, Drift-Diffusion Models (F Poupaud). In addition, there are 2 papers on the modelling and analysis of singular perturbation problems arising in plasma physics — Derivation of the Child-Lagmuyr Emission Laws (P Degond) and Euler Models with Small Pressure Terms (F Bouchut) — followed by two papers on the analysis and numerical analysis of the Boltzmann equations — Symmetry Properties in the Polynomials Arising in Chapman-Enskog Expansion (L Desvillettes and F Golse) and A General Introduction to Computing the Boltzmann Equations with Random Particle Methods (B Perthame).
Prison Economy Secrets - Vol. III -Digital Version Written by: Benoit Tano, MD PhD In this groundbreaking book, "Inmates' Rehabilitation Programs: Unlocking the Power Within," Benoît Tano, M.D., Ph.D. reveals the secrets to successful inmate rehabilitation programs that can transform the lives of inmates and reduce recidivism rates. Based on years of research and practical experience, this comprehensive guide covers a wide range of topics, including education, vocational training, mental and physical health, spirituality, creativity, and entrepreneurship. The book provides practical strategies for designing and implementing effective rehabilitation programs that help inmates overcome their past and unlock their full potential. Through inspiring stories of inmates who have successfully transformed their lives, readers will discover how the power of rehabilitation can create positive change and impact communities. Whether you're a correctional officer, a counselor, a policymaker, or simply interested in the topic, this book offers a wealth of knowledge and resources to help you make a difference. If you're looking to create a better future for inmates and society as a whole, "Inmates' Rehabilitation Programs: Unlocking the Power Within" is the ultimate guide to achieving your goals. In this book, you will learn about the 10 Cs for inmates' success, which will empower you to take control of your life, embrace a positive mindset, and make positive changes that will transform your future. Through personal stories, case studies, and practical strategies, you will discover how to develop your creativity, self-discipline, and communication skills, and how to apply them in your daily life. The book provides a comprehensive guide to developing the necessary skills and knowledge to turn your life around and become a successful, contributing member of society. With the help of this book, you will gain the confidence and tools needed to overcome the challenges that come with being an inmate and build a brighter future for yourself and those around you. Whether you are just beginning your journey or have been incarcerated for years, this book will provide you with the inspiration and guidance you need to take the first step toward a better life. Don't let your past define you - start building the future you deserve today. "Whether you are an inmate or a prison staff, this book will guide you through a proven process of rehabilitation and personal development. With practical strategies and expert advice, you will learn how to overcome the challenges of incarceration and transform your life. Discover the power of positive thinking and creativity, and how they can help you unlock your full potential. Learn the 10 Cs for personal success, as well as the 17 principles for overcoming procrastination and improving productivity. You'll also explore the teachings of great thinkers like Napoleon Hill and Brian Tracy, and how they can be applied to your life in prison. With step-by-step guidance and inspiring stories of success, this book will help you cultivate the skills and mindset needed to achieve your goals and live a fulfilling life, both during and after your time in prison. So, are you ready to take the first step toward a brighter future? Let this book be your guide.
Mathematical Engineering of Deep Learning provides a complete and concise overview of deep learning using the language of mathematics. The book provides a self-contained background on machine learning and optimization algorithms and progresses through the key ideas of deep learning. These ideas and architectures include deep neural networks, convolutional models, recurrent models, long/short-term memory, the attention mechanism, transformers, variational auto-encoders, diffusion models, generative adversarial networks, reinforcement learning, and graph neural networks. Concepts are presented using simple mathematical equations together with a concise description of relevant tricks of the trade. The content is the foundation for state-of-the-art artificial intelligence applications, involving images, sound, large language models, and other domains. The focus is on the basic mathematical description of algorithms and methods and does not require computer programming. The presentation is also agnostic to neuroscientific relationships, historical perspectives, and theoretical research. The benefit of such a concise approach is that a mathematically equipped reader can quickly grasp the essence of deep learning. Key Features: A perfect summary of deep learning not tied to any computer language, or computational framework. An ideal handbook of deep learning for readers that feel comfortable with mathematical notation. An up-to-date description of the most influential deep learning ideas that have made an impact on vision, sound, natural language understanding, and scientific domains. The exposition is not tied to the historical development of the field or to neuroscience, allowing the reader to quickly grasp the essentials. Deep learning is easily described through the language of mathematics at a level accessible to many professionals. Readers from fields such as engineering, statistics, physics, pure mathematics, econometrics, operations research, quantitative management, quantitative biology, applied machine learning, or applied deep learning will quickly gain insights into the key mathematical engineering components of the field.
A comprehensive, evidence-based introduction to the area of lymphology, the book is directed mainly to the US audience and will appeal to an interdisciplinary field of health professionals. It describes the unique anatomy and physiology of the lymphatic system and the intimate relationship it shares with the venous system. It explores the differential diagnosis of the "swollen leg/arm", which is often the presenting problem to the health care professional. The necessity of history taking, physical examination and laboratory studies are noted. Treatment methods are described as an introduction and psychosocial and quality of life issues are explored in depth.
Presents commentary, facts, analysis, and informed predictions about the upcoming fall NFL season, previewing the strengths and weaknesses of the various NFL teams, players, and coaches.
Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at which the central bank remunerates banks’ excess reserves. This unexpected development coincided with the start of the Public Sector Purchase Program (PSPP). In this paper, we explore empirically the interactions between the PSPP and repo rates. We document different channels through which asset purchases may affect them. Using proprietary data from PSPP purchases and repo transactions for specific (“special") securities, we assess the scarcity channel of PSPP and its impact on repo rates. We estimate that purchasing 1 percent of a bond outstanding is associated with a decline of its repo rate of 0.78 bps. Using an instrumental variable, we find that the full effect may be up to six times higher.
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