Archive for January, 2008

DRA; types of utilities

Monday, January 28th, 2008

DRA is a three-letter acronym that may refer to:

  • Division of Ratepayer Advocates at the California Public Utilities Commission, a state agency mandated to advocate on behalf of the customers of regulated public utilities. (Official site: http://www.dra.ca.gov).
  • Democratic Republic of Armenia, a short-lived Armenian republic in the South Caucasus (1918-1920)
  • Defence Research Agency, a former executive agency of the United Kingdom
  • Driver reminder appliance (British Rail)
  • The Draa River is the longest river of Morocco.
  • Dielectric Resonator Antenna.
  • Downregulated-in-adenoma, an anion exchanger.

Factor price; in prices

Monday, January 28th, 2008

Factor prices are the prices that the factors of production of a finished item attract.

There has been some economic debate as to what determines these prices. Classical and Marxist economists argued that the factor prices decided the value of a product and so value was intrinsic within the product. For this reason, the term ‘natural price’ is often instead used.

Marginalist economists argue that the price of factors is a function of the demand of the final product, and so they are imputed from the finished product. The theory of imputation was first expounded by the Austrian economist Friedrich von Wieser.

Tetyana Berezhna; faced

Monday, January 28th, 2008

Tetyana Berezhna (born 13 November 1982) is an archer from Ukraine.

Berezhna represented Ukraine at the 2004 Summer Olympics. She placed 14th in the women’s individual ranking round with a 72-arrow score of 640. In the first round of elimination, she faced 51st-ranked Fotini Vavatsi of Greece. Berezhna defeated Vavatsi, winning 160-156 in the 18-arrow match to advance to the round of 32. In that round, she faced Jennifer Nichols of the United States, losing to the 19th-ranked archer 163-160 in the regulation 18 arrows. Berezhna finished 18th in women’s individual archery.

Berezhna was also a member of the 6th-place Ukrainian team in the women’s team archery competition.

Food Safety and Inspection Service; consume

Monday, January 28th, 2008

The United States Department of Agriculture’s Food Safety and Inspection Service (FSIS) is charged with ensuring that all meat, poultry, and processed egg products in the United States are safe to consume and accurately labeled. This includes all food products that contain more than 2-3% meat products.

FSIS also releases the food safety control upon mad cow disease, also BSE.


See Also

Food and Drug Administration


External links

  • Food Safety Inspection Service

Corner solution; utility

Monday, January 28th, 2008

A corner solution is a special solution to an agent’s maximization problem in which the quantity of one of the arguments in the maximized function is zero. The more usual solution will lie in the non-zero interior at the point of tangency between the objective function and the constraint. For example, in consumer theory the objective function is the indifference-curve map (the utility function) of the consumer. The budget line is the constraint. In the usual case, constrained utility is maximized on the budget constraint with strictly positive quantities consumed of both goods. For a corner solution, however, utility is maximized at a point on one axis where the budget constraint intersects the highest attainable indifference curve at zero consumption for one good with all income used for the other good. Furthermore, a range of lower prices for the good with initial zero consumption may leave quantity demanded unchanged at zero, rather than increasing it as in the more usual case.

Alternatively stated, a corner solution is a solution to a minimization or maximization problem where the non-corner solution is infeasible, that is, not in the domain. Instead, the solution is a corner solution on an axis where either x or y is equal to zero. For instance from the example above in economics, if the maximal utility of two goods is achieved when the quantity of goods x and y are (-2,5), and the utility is subject to the constraint x and y are greater than or equal to 0 (you cannot consume a negative quantity of goods) as is usually the case, then the actual solution to the problem would be a corner solution where x = 0.


See also

Indifference curve, Assumptions section

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Utility infielder; utility

Sunday, January 27th, 2008

A utility infielder is a baseball player, usually someone who does not have a regular starting role on the team, who is capable of playing more than one of the four defensive infield positions: second base, third base, shortstop, and less typically first base. Utility infielders are generally considered excellent defensive players who do not hit well enough to remain in the starting lineup, but can fill in at multiple defensive positions to give the various starters a rest, or replace a starter late in a game to provide improved defense when the team is winning.

Utility infielders include Miguel Cairo of the New York Yankees and Chris Gomez of the Cleveland Indians.

Risk-utility test; indirect utility

Sunday, January 27th, 2008

In legal disputes regarding product liability, a risk-utility test is used to determine whether a product’s design or warning is defective, thereby making the manufacturer liable for injuries caused by its product.

The manufacturer is held liable under the risk-utility test if the probability of injury times the gravity of injury under the current product design is more than the cost of an alternative reasonable design plus the diminished utility resulting from modifying the design. More simply, the court considers if the economic costs (determined from likely lawsuits) are higher than the cost of changing the product design (ex: installing a plastic guard) plus the loss of use of the product (ex: the new guard makes it harder to use the product).

Rich Text Format Directory; that bundle.

Sunday, January 27th, 2008

Rich Text Format Directory, also known as RTFD (due to its extension), is the primary document format of TextEdit, an application native to NeXTSTEP and Mac OS X which has also been ported to other versions of Unix. The file format is based on the Rich Text Format, but can also include “attachments” such as images. An RTFD file is a bundle, a folder containing files. It contains a Rich Text file called TXT.rtf that contains Rich Text formatting commands, as well as commands for including images or other attachments contained within the bundle. Images used in the document are stored in the bundle in their native formats.

In contrast to RTF, RTFD is not portable to Windows, for the simple reason that hardly any Windows applications support the format.

One big advantage with RTFD is that it supports scalable high quality image formats like PDF, so an RTFD file can print with no information loss at large paper sizes. RTF does support a number of scalable image meta file formats, but they are not as versatile as PDF.[1]

Global One Lending; those agents that can

Sunday, January 27th, 2008

Global One Lending is a Sacramento-based residential mortgage broker, licensed in the state of California, founded by Vietnamese-American entrepreneurs Robert Do and Quinn Dang in April, 2003.

Global One Lending is also the name of an Oklahoma-based residential mortgage broker. The relationship between these two companies is not immediately clear. This article is about the California company.


Corporate structure

Global One Lending follows a multi-level marketing (MLM) business model. New loan agents are recruited by existing agents. As is typical of MLM-based businesses, all agents earn a commission (of 36% or more of the gross profits) on loans completed, and a smaller commission for loans completed by agents they’ve recruited. Agents are not licensed and typically have little to no prior experience in finance. New agents are required only to complete a company-provided two-day training course at a cost of US$400 or more. Most agents need significant additional training and supervision, due to the fact that most are not experienced mortgage professionals.

There are several different ranks within the Global One hierarchy. Beneath the two founders are a group of managers, who in turn have their own group of supervisors, who are generally responsible for managing the new recruits directly. Agents achieve higher ranks based on the number of loans closed and the number of new recruits.

Unlike most mortgage brokers, Global One does not provide leads or prospects for generating loans to its agents. Loan officers are expected to sell loans to their friends, family, and acquaintances and obtain leads through their social network. New agents are recruited in person or through small-scale advertising efforts. Prospective agents attend a presentation emphasizing the ease with which agents can make significant money with the company. In practice, however, this model rarely delivers the kind of income that is discussed at the recruitment presentation. Those with considerable number of existing business contacts, such as successful realtors or salesmen, generally have the most success.

Global One president Robert Do founded Global One as an extension of his successful local real estate brokerage. Co-founder Quinn Dang, already successful with other multi-level marketing ventures, managed the day-to-day operations of the business.

The business model and structure of Global One Lending bears striking similarities to World Lending Group, which has a large presence in the Sacramento area. Indeed, some of the initial managers and many more employees were recruited directly from World Lending Group’s ranks.


External links

  • Global One Lending (California company)
  • Global One Lending (Oklahoma company)
  • Robert Do

Fibre Channel Utility; utility’ must not

Sunday, January 27th, 2008

Fibre Channel Utility is a Mac OS X Server utility for managing Fibre Channels connected to the server. The program will not run without a Fiber Card installed in the server. This server tool is only installed in Mac OS X Server.

Coat of arms of Yukon; represents the

Sunday, January 27th, 2008


The Coat of Arms of the Yukon Territory (formally known as The Arms of Her Majesty in Right of the Yukon Territory) was commissioned by the federal Department of Indian Affairs and Northern Development and designed by well-known heraldry expert Alan Beddoe in the early 1950s. It was approved officially by Queen Elizabeth II in 1956.

The lower part of the shield represents Yukon’s mountains, with the gold disks (called “bezants,” a medieval gold coin) representing the territory’s mineral riches and its birth in the Klondike Gold Rush. The two white wavy lines represents the territory’s rivers.

In chief, the red cross represents England; the disk surmounting it is in a pattern called “vair,” a type of heraldic fur (literally squirrel fur), and representing the territory’s wealth of fur-bearing animals.

The crest is a husky dog standing on a mound of snow.


Blazon

Shield: Azure, on a pallet wavy Argent, a like pallet of the field, issuant from base two piles reversed Gules, fimbriated also Argent, each charged with two bezants in pale, on a chief Argent a cross Gules, surmounted of a roundel vair.


See also

  • Symbols of Yukon
  • Flag of Yukon


References

  • Yukon at a Glance - The Coat of Arms

Soaring Society of South Africa; only pursue their immediate

Sunday, January 27th, 2008

The Soaring Society of South Africa (SSSA) is the body to which you must belong, as stipulated in law by the South African Civil Aviation Authority (CAA), to pursue the sport of gliding in South Africa. It is affiliated to the Aeroclub of South Africa which in turn represents all the sporting bodies at the CAA. Membership is by subscribing directly to the SSSA.

The SSSA has the following responsibilities:

  • Defining and publishing the standards for safe operations (approved by the CAA)
  • Maintaining a register of airworthy gliders
  • Approving courses for the training of instructors
  • Negotiating to ensure access to airspace
  • Promoting the sport of gliding
  • Liaison with international gliding organisations


External links

  • Soaring Society of South Africa

Solitudes; natural

Sunday, January 27th, 2008

Solitudes is a brand of music created by the late Dan Gibson (1922 - March 18, 2006). It is part of the new age genre. Many CDs have been released over the years. The music was originally designed to capture the sounds of various natural environments; sounds common to most albums include the wildlife, noise from swaying vegetation, and streams on water from a certain destination, usually indicated or implied through the theme of the specific album. In the 1990s, instrumental music was integrated into the nature sounds to create a whole new line of albums with thematic elements based on the type of music played and the instruments used.

Dan’s son Gordon Gibson took over Solitudes and currently is co-owner of Somerset Entertainment.

List of Albums (incomplete)

  • Whispering Woods
  • Sunshowers
  • In the Midst of Angels
  • Garden in Provence

Albums with therapeutic purposes

  • Natural Stress Relief
  • Natural Stress Relief 2
  • Natural Sleep Inducement
  • Natural Massage Therapy
  • Natural Relaxation
  • Natural Concentration


External links

  • http://www.solitudes.com/
  • Reduce Utility Costs We will analyze your average utility bill to help you reduce utility costs. Q: How do I know if I

Eternal One; consume

Saturday, January 26th, 2008

The Eternal Ones are a race of god-like beings from the Star Control fictional universe. They feature in Star Control 3 as extra-dimensional beings who consume all sentient life in the Universe from time to time.

Contents


Name Origin

According to the Daktaklakpak, the Eternal Ones’ name comes from their DNA formulae that start as ‘Eternal1′. Their complete name is their complete DNA formulae, something so complex that any sentience that tries to learn it all, organic or machine, becomes insane.

The wordplay involved name works in every single language in the galaxy. According to the Precursors, this might or might not be meaningful.


Origin

The Eternal Ones evolved from sentient organic beings, just like any other race. They evolved until they lost their material bodies and became pure energy, and then until they reached the verge of transforming into “something else”. The Eternal Ones grew worried and afraid to evolve and lose their last physical vestige, and made a plan to stop their evolution.
That plan required consuming incredible quantities of sentient energy.


Harvest of sentience

To harvest sentience in great quantity, the Eternal Ones planted “seeds” throughout the universe. This created all the other races in the Star Control universe.
So the cycle began: plant, spread, and consume.

For various cycles sentient life spread the universe, just to be wiped out by the Eternal Ones,
until an incredibly intelligent race developed: the Precursors.


Deceiving the Eternal Ones

The Precursors became aware of The Eternal Ones’ plans. So they made a plan for themselves to be spared from the sentient harvest.
They devolved themselves to non-sentient animals, and created semi-sentient machines called Daktaklakpak to re-evolve themselves when the harvest was over.

Unfortunately, it went wrong. The Precursors devolved to cow-like creatures called Ortogs, and got spared by the harvest, but the Daktaklakpak forgot their main objective and started to wander the galaxy collecting and protecting all Precursor technologies.


Harvest optimization

The long-term purpose for the Precursors was to develop an artifact to optimize the harvest for the Eternal Ones. The Precursors had noticed that sentient harvest was incredibly inefficient, and theorized that by optimizing the harvest, there wouldn’t be a need for such genocide. The device wasn’t finished in time for the next harvest, so they tried to survive the harvest, and became stranded as Ortogs.

In Star Control 3, the player, as the human leader of the sentient races, foresees the harvest, and unites all (well… most) races to find a solution for it. He is able to find the unfinished artifact (it is actually the useless Ultron the Utwig praise as a God) and re-evolves a Precursor. The Precursor gives hints to finish the device, and the player is able to finish it just in time for the next harvest.

The Eternal Ones consume a great quality of sentient energy instead of a vast quantity, and without the need for harm or slaughter everyone goes home happy.

Rebatching; Homogenous with

Saturday, January 26th, 2008

Rebatching, or hand milling, is a soapmaking technique used by hobbyists and artisan soapmakers. The commercial equivalent is French milling.

In rebatching, commercially purchased or previously made soap (a soap base) is shredded or diced finely and mixed with a liquid, into which the soap shreds begin to dissolve. It is then heated at a fairly low temperature until the mass is more or less homogenous. When it becomes translucent and reaches a thick, gel-like consistency, it is spooned or piped into molds and allowed to harden.

Soapmakers frequently use rebatching as a way of adding substances that could not withstand the high temperatures or caustic chemical environment of cold process or hot process soapmaking, such as certain essential oils (for example, those with a very low flash point). The choice of liquid affects the character of the finished soap; milk is frequently used to give the soap a smooth, creamy consistency. Rebatching can also be used as a way of salvaging soap that cracked, curdled or separated while being made.

As with the melt and pour process, rebatching does not necessarily involve saponification, and as such it is a misnomer to refer to it as soap-”making”.

DJ Next; pursue their

Saturday, January 26th, 2008

DJ Next was the original DJ for the South Australian based Hip-Hop group the Hilltop Hoods. He grew up with both of the MC’s and was a key part in the formation of the Hoods’ sound and style. He chose to pursue a different career path which took him interstate and eventually overseas. To this day is greatly missed by the group and many others in the Aussie hip-hop scene.

Official DJ Next MySpace page: [1]

Gebrauchsmuster; utility

Saturday, January 26th, 2008

In German and Austrian patent laws, the Gebrauchsmuster (GBM, GbM or Gbm), also known as German utility model or Austrian utility model, is a patent-like, intellectual property right protecting inventions.

The Gebrauchsmuster is slightly different from the patent. It mainly differs from the patent in that processes and methods cannot be protected by a Gebrauchsmuster, only products can. Furthermore, the term of a Gebrauchsmuster, that is its maximal life time, is 10 years from the date of registration. In contrast, a patent has usually a term of 20 years from the date of filing of the application.

Contents


Germany

The German utility model has some interesting characteristics, when compared to the German patent or to the European patent designating Germany:

  • Prior art considered for examining novelty and inventive step is somewhat more limited:

    • Oral disclosures are not taken into account, only written disclosures are taken into account;
    • Public prior use outside Germany is not taken into account;
    • A six-month grace period before the priority date is provided for written disclosures or prior public use made by applicants or their predecessors in title.
  • They are not substantially examined. Only registration is sufficient to obtain a utility model.

German utility models are however made available to the public directly when they are registered (Eintragungstag), i.e. before the publication date (Bekanntmachung). In contrast, patents are made available to the public 18 months after the filing date, unless the applicant requests early publication.


Austria

The Austrian utility model is similar to the German utility model. The main differences are:

  • A search report is carried out within 6 to 8 months. No additional searching fee is required.
  • The range of protection is broader than the German utility model. There is additional protection for:
    • Logic algorithm for computer software
    • Processes
    • Therapy methods for animals


See also

  • Deutsches Patent- und Markenamt (German Patent and Trade Mark Office)
  • Geschmacksmuster (German industrial design right)
  • Österreichisches Patentamt (Austrian Patent and Trade Mark Office)


External links

  • Utility model, basic principles, in the English section of the Austrian Patent Office web site

Maveli Stores; consumers

Saturday, January 26th, 2008

Maveli Stores is a venture of the The Kerala State Civil Supplies Corporation (Supplyco).

Under the Government programme of market intervention, pulses and spices are purchased and sold to the consumers at subsidised prices fixed by the Government. The Government of Kerala aids this operation by giving grants every year. The task has been fulfilled through the network of Maveli Stores, which was started to commemorate the saga of Mahabali, legendary king of Kerala. Now the Maveli Stores has become a prominent name among the consumers in the state. Supplyco operates through Maveli Stores and Mobile Maveli Stores throughout the state covering almost all the panchayaths. Quality products and subsidised pricing are the twin advantages, which Supplyco extend to the consumer. Supplyco has also undertaken distribution of pulses and spices and other branded products of Civil Supplies Corporation at subsidised prices, through the network of 2000 selected ration shops.

Succumbing to the overwhelming public demand, Supplyco expanded its horizon of activities into other vital areas of consumer interest by starting Super Markets, Petrol Bunks, LPG outlets and Medical Stores (Sabari Medical Stores). Supplyco also markets its own branded products of tea, coffee, milled wheat products, curry products, iodized salt, washing soaps and detergents.


See also

  • Supplyco
  • Margin Free Market


External links

  • Supplyco Website

Dog-leg (stairs); consume rather

Saturday, January 26th, 2008

Dog-leg is a term used to describe a configuration of stairs between two floors of a building, often a domestic building, in which there are two short flights at 180 degrees to each other, joined by a half-landing to enable the 180 degree turn. The flights do not have to be equal, and frequently are not.

Structurally the flights of a dog-leg stair are usually supported by the half-landing, which spans the adjoining flank walls.

From the design point of view the main advantages of a dog-leg stair are:

  • To allow an arrangement that occupies a shorter, though wider, floor area than a straight flight, and so is more compact. Even though the landings consume total floor space, there is no large single dimension
  • The upper floor is not directly visible from the bottom of the stairs, thereby providing more privacy

Consumption function; consume

Saturday, January 26th, 2008

John Maynard Keynes developed a mathematical function to express consumer spending as one term called the “consumption function”. In economics, the consumption function calculates the amount of total consumption in an economy. It is made up of autonomous consumption that is not influenced by current income and induced consumption that is influenced by the economy’s income level.

The simple consumption function is shown as the linear function:

C = c0 + c1Yd

where C = total consumption, c0 = autonomous consumption,c1 = the marginal propensity to consume, and Yd = disposable income (income after taxes and transfer payments). The second term (c1*Yd) is induced consumption.

Autonomous consumption represent consumption when income is zero. In estimation, this is usually assumed to be positive. The marginal propensity to consume (MPC), on the other hand measures the rate at which consumption is changing when income is changing. In a geometric fashion, the MPC is actually the slope of the consumption function.

The MPC is assumed to be positive. Thus, as income increases, consumption increases. However, Keynes mentioned that the increases (for income and consumption) are not equal. According to him, “as income increases, consumption increases but not by as much as the increase in income”.

The Keynesian consumption function is also known as the absolute income hypothesis, as it only bases consumption on current income and ignores potential future income (or lack of). Criticism of this assumption lead to the development of Milton Friedman’s permanent income hypothesis and Franco Modigliani’s life cycle hypothesis.


See also

  • Permanent income hypothesis
  • Life cycle hypothesis
  • Consumption (economics)
  • Aggregate demand
  • Measures of national income and output

==

External links==

  • An essay examining the strengths and weaknesses of Keynes’s theory of consumption

Cylindric numbering; level <math>p</math>

Saturday, January 26th, 2008

In computability theory a cylindric numbering is a special kind of numbering first introduced by Yuri L. Ershov in 1973.

If a numberings <math>\nu</math> is reducible to <math>\mu</math> then there exists a computable function <math>f</math> with <math>\nu = \mu \circ f</math>. Usually <math>f</math> is not injective but if <math>\mu</math> is a cylindric numbering we can always find an injective <math>f</math>.

Contents


Definition

A numbering <math>\nu</math> is called cylindric if

<math>\nu \equiv_1 c(\nu).</math>

That is if it is one-equivalent to its cylindrification

A set <math>S</math> is called cylindric if its indicator function

<math>1_S: \mathbb{N} \to \{0,1\}</math>

is a cylindric numbering.


Examples

  • every Gödel numbering is cylindric


Properties

  • cylindric numberings are idempotent, <math>\nu \circ \nu = \nu</math>


References

  • Yu. L. Ershov, “Theorie der Numerierungen I.” Zeitschrift für mathematische Logik und Grundlagen der Mathematik 19, 289-388 (1973).
  • Atomic &lt;math&gt;s&lt;/math&gt; , ! &lt;math&gt;p&lt;/math&gt;, ! &lt;math&gt;d&lt .. is the energy level corresponding to the quantum number|principal qu,
  • Source Software ''P&lt;sub&gt;H&lt;/sub&gt;'' , !align=right| ''&lt;math&gt;e&lt .. The AIM Network of resellers and system integrators ensures a high level of main,

Scottish Qualifications Certificate; qualification introduced by

Saturday, January 26th, 2008

The Scottish Qualifications Certificate (SQC) is the successor to the Scottish Certificate of Education in Scotland, and is the main educational qualification awarded to students in secondary and further (post-secondary) education. The SQC is awarded by the Scottish Qualifications Authority. It forms part of the wider array of qualifications available in the Scottish education system, including Scottish Vocational Qualifications, Higher National Certificates and Higher National Diplomas. Each level is fully integrated with the Scottish Credit and Qualifications Framework and the three upper levels are awarded UCAS Tariff Points.

The SQC recognises performance in National Units, National Courses and in the Scottish Group Award. It is not part of the National Qualifications Framework and as such are not available to state schools in England, Wales and Northern Ireland, but students from other nations do study for the qualification.


Levels and grades

It is available at several levels, with the possible grades and rough GCSE and A-level equivalent shown:

SCQF Level SQC Level Grades UCAS Tariff GCSE/A-level
7 Advanced Higher
A 120 A-level at A
B 100 A-level at B
C 80 A-level at C
D 72 Greater than A-level at D
6 Higher
A 72 Greater than A-level at D
B 60 A-level at D and AS at A
C 48 Less than an A-level at B
D 42 Greater than A-level at E and AS at C
5 Intermediate 2
A 42 Greater than A-level at E and AS at C
B 35 Greater than AS at B
C 28 Greater than AS at C
D - -
4 Intermediate 1
A - -
B - -
C - -
D - -
3 Access 3
A - -
B - -
C - -
D - -


See also

  • Education in Scotland
  • Scottish Executive
  • Learning and Teaching Scotland


External links

  • Scottish Qualifications Authority
  • Scottish Credit and Qualifications Framework

Brewster’s angle; always qualitatively the

Saturday, January 26th, 2008

Brewster’s angle (also known as the polarization angle) is an optical phenomenon named after the Scottish physicist, Sir David Brewster (1781–1868).

When light moves between two media of differing refractive index, generally some of it is reflected at the boundary. At one particular angle of incidence, however, light with one particular polarization cannot be reflected. This angle of incidence is Brewster’s angle, θB. The polarization that cannot be reflected at this angle is the polarization for which the electric field of the light waves lies in the same plane as the incident ray and the surface normal (i.e. the plane of incidence). Light with this polarization is said to be p-polarized, because it is parallel to the plane. Light with the perpendicular polarization is said to be s-polarized, from the German senkrecht—perpendicular. When unpolarized light strikes a surface at Brewster’s angle, the reflected light is always s-polarized.

The physical mechanism for this can be qualitatively understood from the manner in which electric dipoles in the media respond to p-polarized light. One can imagine that light incident on the surface is absorbed, and then reradiated by oscillating electric dipoles at the interface between the two media. The polarization of freely propagating light is always perpendicular to the direction in which the light is travelling. The dipoles that produce the transmitted (refracted) light oscillate in the polarization direction of that light. These same oscillating dipoles also generate the reflected light. However, dipoles do not radiate any energy in the direction along which they oscillate. Consequently, if the direction of the refracted light is perpendicular to the direction in which the light is predicted to be specularly reflected, the dipoles will not create any reflected light. Since, by definition, the s-polarization is parallel to the interface, the corresponding oscillating dipoles will always be able to radiate in the specular-reflection direction. This is why there is no Brewster’s angle for s-polarized light.

With simple trigonometry this condition can be expressed as:

<math> \theta_1 + \theta_2 = 90^\circ,</math>

where θ1 is the angle of incidence and θ2 is the angle of refraction.

Using Snell’s law,

<math>n_1 \sin \left( \theta_1 \right) =n_2 \sin \left( \theta_2 \right),</math>

we can calculate the incident angle θ1B at which no light is reflected:

<math>n_1 \sin \left( \theta_B \right) =n_2 \sin \left( 90 - \theta_B \right)=n_2 \cos \left( \theta_B \right).</math>

Rearranging, we get:

<math>\theta_B = \arctan \left( \frac{n_2}{n_1} \right), </math>

where n1 and n2 are the refractive indices of the two media. This equation is known as Brewster’s law.

Note that, since all p-polarized light is refracted (i.e transmitted), any light reflected from the interface at this angle must be s-polarized. A glass plate or a stack of plates placed at Brewster’s angle in a light beam can thus be used as a polarizer.

For a glass medium (n2≈1.5) in air (n1≈1), Brewster’s angle for visible light is approximately 56° to the normal while for an air-water interface (n2≈1.33), it’s approximately 53°. Since the refractive index for a given medium changes depending on the wavelength of light, Brewster’s angle will also vary with wavelength.

The phenomenon of light being polarized by reflection from a surface at a particular angle was first observed by Etienne-Louis Malus in 1808. He attempted to relate the polarizing angle to the refractive index of the material, but was frustrated by the inconsistent quality of glasses available at that time. In 1815, Brewster experimented with higher-quality materials and showed that this angle was a function of the refractive index, defining Brewster’s law.

Although Brewster’s angle
is generally presented as a zero-reflection angle in textbooks from the late 1950s onwards, it truly is a polarizing angle.
The concept of a polarizing angle can be extended to the concept of a Brewster wavenumber to cover planar interfaces between
two linear bianisotropic materials.


Examples

Polarized sunglasses use the principle of Brewster’s angle to eliminate glare from the sun reflecting off of water (or any other reflective surface). In a large range of angles around Brewster’s angle the reflection of p-polarized light is lower than s-polarized light. Thus, if the sun is low in the sky mostly s-polarized light will reflect from water. Sunglasses made up of polarizers (e.g. polaroid film) aligned to block this light consequently block reflections from the water. To accomplish this, sunglass makers assume people will be upright while viewing the water and thus align the polarizers to block the polarization which oscillates along the line connecting the sunglass ear-pieces (i.e. horizontal).

Photographers use the same principle to remove reflections from water so that they might photograph objects beneath the surface. In this case, the polarizer filter camera attachment can be rotated to be at the correct angle (see figure).


See also

  • Fresnel equations
  • Snell’s law


References

  • A. Lakhtakia, ‘Would Brewster recognize today’s Brewster angle?’ OSA Optics News, Vol. 15, No. 6, pp. 14-18 (1989).
  • A. Lakhtakia, ‘General schema for the Brewster conditions,’ Optik, Vol. 90, pp. 184-186 (1992).

Implicature; consumer’s indirect

Saturday, January 26th, 2008

Implicature is a technical term in the linguistic branch of pragmatics coined by Paul Grice. It describes the relationship between two statements where the truth of one suggests the truth of the other, but—distinguishing implicature from entailment—does not require it. For example, the sentence “Mary had a baby and got married” strongly suggests that Mary had the baby before the wedding, but the sentence would still be strictly true if Mary had her baby after she got married. Further, if we add the qualification “— not necessarily in that order” to the original sentence, then the implicature is cancelled even though the meaning of the original sentence is not altered.

This can be contrasted with cases of entailment. For example, the statement “The president was assassinated” not only suggests that “The president is dead” is true, but requires that it be true. The first sentence could not be true if the second were not true; if the president were not dead, then whatever it is that happened to him would not have counted as a (successful) assassination. Similarly, unlike implicatures, entailments cannot be cancelled; there is no qualification that one could add to “The president was assassinated” which would cause it to cease entailing “The president is dead” while also preserving the meaning of the first sentence.

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Implicature and implication

The specialized term implicature was coined by Paul Grice as a technical term in pragmatics for certain kinds of inferences that are drawn from statements without the additional meanings in logic and informal language use of implication.


See also

  • Cooperative principle
  • Gricean maxims
  • Entailment, or implication, in logic
  • Entailment (pragmatics)
  • Indirect speech act
  • Implicate and Explicate Order
  • Intrinsic and extrinsic properties


References

  • P. Cole (1975) “The synchronic and diachronic status of conversational implicature.” In Syntax and Semantics, 3: Speech Acts (New York: Academic Press) ed. P. Cole & J. L. Morgan, pp. 257–288.
  • A. Davison (1975) “Indirect speech acts and what to do with them.” ibid, pp. 143–184.
  • G. M. Green (1975) “How to get people to do things with words.” ibid, pp. 107–141. New York: Academic Press
  • H. P. Grice (1975) “Logic and conversation.” ibid. Reprinted in Studies in the Way of Words, ed. H. P. Grice, pp. 22–40. Cambridge, MA: Harvard University Press (1989)
  • John Searle (1975) “Indirect speech acts.” ibid. Reprinted in Pragmatics: A Reader, ed. S. Davis, pp. 265–277. Oxford: Oxford University Press. (1991)


Further readings

  • Simon Blackburn (1996). The Oxford Dictionary of Philosophy, Oxford University Press, pp. 188-89


External links

  • “Implicature” in the Stanford Encyclopedia of Philosophy
  • The Top 10 Misconceptions about Implicature by Kent Bach (2005)

Expense Ratio; consume

Saturday, January 26th, 2008

Total Annual Fund Operating Expenses (”Expense Ratio”) — the line of the fee table in the prospectus that represents the total of all of a fund’s annual fund operating expenses, expressed as a percentage of the fund’s average net assets. Looking at the expense ratio can help you make comparisons among funds.
Sources of Information

The expense ratio of a stock or asset fund is the total percentage of fund assets used for administrative, management, advertising (12b-1), and all other expenses. An expense ratio of 1% per annum means that each year 1% of the fund’s total assets will be used to cover expenses. The expense ratio does not include sales loads or brokerage commissions.

Expense ratios are important to consider when choosing a fund, as they can significantly affect returns. Factors influencing the expense ratio include the size of the fund (small funds often have higher ratios as they spread expenses among a smaller number of investors), sales charges, and the management style of the fund. A typical annual expense ratio for a U.S. domestic stock fund is about 1%, although some passively managed funds (such as index funds) have significantly lower ratios: for example, the Vanguard US Large Cap ETF has an expense ratio of 0.07%. [1]

One notable component of the expense ratio of U.S. funds is the “12b-1 fee”, which represents expenses used for advertising and promotion of the fund. 12b-1 fees are generally limited to a maximum of 1.00% per year (.75% distribution and .25% shareholder servicing) under NASD Rules.


Waivers, Reimbursements & Recoupments

Some funds will execute “waiver or reimbursement agreements” with the fund’s adviser or other service providers, especially when a fund is new and expenses tend to be higher (due to a small asset base). These agreements generally reduce expenses to some pre-determined level or by some pre-determined amount. Sometimes these waiver/reimbursement amounts must be repaid by the fund during a period that generally cannot exceed 3 years from the year in which the original expense was incurred. If a recoupment plan is in effect, the effect may be to require future shareholders to absorb expenses of the fund incurred during prior years.


Changes in Expense Ratio (Fixed & Variable Expenses)

Generally, unlike past performance, expenses are very predictive. Funds with high expenses ratios tend to continue to have high expenses ratios. An investor can examine a fund’s “Financial Highlights” which is contained in both the periodic financial reports and the fund’s prospectus, and determine a fund’s expense ratio over the last five years (if the fund has five years of history). It is very hard for a fund to significantly lower its expense ratio once it has had a few years of operational history. This is because funds have both fixed and variable expenses, but most expenses are variable. Variable costs are fixed on a percentage basis. For example, assuming there are no breakpoints, a .75% management fee will always consume .75% of fund assets, regardless of any increase in assets under management. The total management fee will vary based on the assets under management, but it will always be .75% of assets. Fixed costs (such as rent or an audit fee) vary on a percentage basis because the lump sum rent/audit amount as a percentage will vary depending on the amount of assets a fund has acquired. Thus, most of a fund’s expenses behave as a variable expense and thus, are a constant fixed percentage of fund assets. It is therefore, very hard for a fund to significantly reduce its expense ratio after it has some history. Thus, if an investor buys a fund with a high expense ratio that has some history, he/she should not expect any significant reduction.


Expenses Matter Relative to Investment Type

There are 3 broad investment categories for mutual funds (equity, bond, and money market - in declining order of historical returns). That is an over simplification but adequate to explain the effect of expenses. In an equity fund where the historical gross return might be 10%, a 1% expense ratio will consume approximately 10% of the investor’s return. In a bond fund where the historical gross return might be 8%, a 1% expense ratio will consume approximately 12.5% of the investor’s return. In a money market fund where the historical gross return might be 5%, a 1% expense ratio will consume approximately 20% of the investor’s historical total return. Thus, an investor must consider a fund’s expense ratio as it relates to the type of investments a fund will hold.

Swedish Cooperative Union; utility

Saturday, January 26th, 2008

Swedish Cooperative Union (Kooperativa Förbundet in Swedish) is a utility cooperative with 60 member organisations and a total of over 2.9 million members. The organisation was formed 1899 and has its headquarter in Stockholm, Sweden.

Giffen good; consumer’s

Saturday, January 26th, 2008

A Giffen good is an inferior good for which a rise in its price makes people buy even more of the product as a consequence of the income effect. Evidence for the existence of Giffen goods is limited, but there is an economic model that explains how such a thing could exist.
Giffen goods are named after Sir Robert Giffen, who was attributed as the author of this idea by Alfred Marshall in his book Principles of Economics.

For most products, price elasticity of demand is negative. In other words, price and demand pull in opposite directions; if price goes up, then quantity demanded goes down, or vice versa. Giffen goods are an exception to this. Their price elasticity of demand is positive. When price goes up, the quantity demanded also goes up, and vice versa. In order to be a true Giffen good, price must be the only thing that changes to get a change in quantity demand, and conspicuous consumption does not enter the picture (such a situation would indicate a Veblen good).

The classic example given by Marshall is of inferior quality staple foods, whose demand is driven by poverty that makes their purchasers unable to afford superior foodstuffs. As the price of the cheap staple rises, they can no longer afford to supplement their diet with better foods, and must consume more of the staple food.

Marshall wrote in the 1895 edition of Principles of Economics:

As Mr. Giffen has pointed out, a rise in the price of bread makes so large a drain on the resources of the poorer labouring families and raises so much the marginal utility of money to them, that they are forced to curtail their consumption of meat and the more expensive farinaceous foods: and, bread being still the cheapest food which they can get and will take, they consume more, and not less of it.

Giffen goods are also related to experience goods and credence goods in that the two often exhibit increases in demand with price, yet different in that close substitutes are available for the latter types.

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Analysis of Giffen goods

There are three necessary preconditions for this situation to arise:

  1. the good in question must be an inferior good,
  2. there must be a lack of close substitute goods, and
  3. the good must constitute a substantial percentage of the buyer’s income, but not such a substantial percentage of the buyer’s income that none of the associated normal goods are consumed.

If precondition #1 is changed to “The good in question must be so inferior that the income effect is greater than the substitution effect” then this list defines necessary and sufficient conditions. As the last condition is a condition on the buyer rather than the good itself, the phenomenon can also be labeled as “Giffen behavior”.

This can be illustrated with a diagram. Initially the consumer has the choice between spending their income on either commodity Y or commodity X as defined by line segment MN (where M = total available income divided by the price of commodity Y, and N = total available income divided by the price of commodity X). The line MN is known as the consumer’s budget constraint. Given the consumer’s preferences, as expressed in the indifference curve Io, the optimum mix of purchases for this individual is point A.

If there is a drop in the price of commodity X, there will be two effects. The reduced price will alter relative prices in favour of commodity X, known as the substitution effect. This is illustrated by a movement down the indifference curve from point A to point B (a pivot of the budget constraint about the original indifference curve). At the same time, the price reduction causes the consumers’ purchasing power to increase, known as the income effect (an outward shift of the budget constraint). This is illustrated by the shifting out of the dotted line to MP (where P = income divided by the new price of commodity X). The substitution effect (point A to point B) raises the quantity demanded of commodity X from Xa to Xb while the income effect lowers the quantity demanded from Xb to Xc. The net effect is a reduction in quantity demanded from Xa to Xc making commodity X a Giffen good by definition. Any good where the income effect more than compensates for the substitution effect is a Giffen good.


Empirical evidence for Giffen goods

Evidence for the existence of Giffen goods has generally been limited. A 2002 preliminary working paper by Robert Jensen and Nolan Miller of Harvard University made the claim that rice and noodles are Giffen goods in parts of China by tracking prices of goods. A further 2007 working paper by the same authors experimentally demonstrated the existence of Giffen goods among humans at the household level by directly subsidizing purchases of those staples for extremely poor families. It is easier to find Giffen effects where the number of goods available is limited, as in an experimental economy: DeGrandpre et al (1993) provide such an experimental demonstration. In 1991, Battalio, Kagel, and Kogut proved that quinine water is a Giffen good for some lab rats. However, they were only able to show the existence of a Giffen good at an individual level and not the market level.

Giffen goods are difficult to find because a number of conditions must be satisfied for the associated behavior to be observed. One reason for the difficulty in finding Giffen goods is Giffen originally envisioned a specific situation faced by individuals in a state of poverty. Modern consumer behaviour research methods often deal in aggregates that average out income levels and are too blunt an instrument to capture these specific situations. Furthermore, complicating the matter are the requirements for limited availability of substitutes, as well as that the consumers are not so poor that they can only afford the inferior good. It is for this reason that many text books use the term Giffen paradox rather than Giffen good.

Some types of premium goods (such as expensive French wines, or celebrity-endorsed perfumes) are sometimes claimed to be Giffen goods. It is claimed that lowering the price of these high status goods can decrease demand because they are no longer perceived as exclusive or high status products. However, the perceived nature of such high status goods changes significantly with a substantial price drop. This disqualifies them from being considered as Giffen goods, because the Giffen goods analysis assumes that only the consumer’s income or the relative price level changes, not the nature of the good itself. If a price change modifies consumers’ perception of the good, they should be analysed as Veblen goods. Some economists question the empirical validity of the distinction between Giffen and Veblen goods, arguing that whenever there is a substantial change in the price of a good its perceived nature also changes, since price is a large part of what constitutes a product. However the theoretical distinction between the two types of analysis remains clear; which one of them should be applied to any actual case is an empirical matter.


The Irish Potato Famine

Potatoes during the Irish Potato Famine were long believed to be the only example of a Giffen good. This theory was debunked by Sherwin Rosen of the University of Chicago in his 1999 paper Potato Paradoxes. Rosen showed that the phenomenon could be explained by a normal demand model.


Gasoline as a possible Giffen good

Sasha Abramsky of The Nation conjectured in a 2005 article that gasoline, in certain circumstances, may act as a Giffen good. Increases in gasoline prices, Abramsky argues, may force poor drivers to devote more money to gasoline that they otherwise might have spent on oil changes, tune-ups, minor repairs, or even upgrades to more fuel-efficient vehicles. As a consequence, their “older, less well-maintained cars” may have “decreased gas efficiency”, resulting in an increase in gasoline consumption. (Abramsky, 2005, 18) This corresponds to the Giffen model, with maintenance and upgrades constituting the superior goods and gasoline the inferior Giffen good. There is little empirical evidence to support this hypothesis to date, however.


See also

  • Supply and demand
  • Price elasticity of demand
  • Consumer theory
  • Ordinary good
  • Inferior good
  • Normal good
  • Capital good
  • Veblen good


References

  • DeGrandpre, R. J., Bickel, W. K., Rizvi, S. A., & Hughes, J. R. (1993). Effects of income on drug choice in humans. Journal of the Experimental Analysis of Behavior, 59, 483-500.
  • Abramsky, Sasha. Running on Fumes. [The Nation], October 17 2005, p.15-19.
  • Jensen, Robert & Miller, Nolan (2007). Giffen Behavior: Theory and Evidence. NBER Working Paper 13243. [1]


External links

  • Alfred Marshall Principles of Economics Bk.III,Ch.VI in paragraph III.VI.17
  • The Last Word on Giffen Goods?

Master of Letters; degree

Saturday, January 26th, 2008

The Master of Letters (MLitt from the Latin magister litterarum) is a postgraduate Master’s degree.


United Kingdom

The MLitt (T) is a one-year full-time taught degree at the ancient universities. Usually, the degree involves nine months of postgraduate-level courses, followed by a short research dissertation written during the summer months. Often the MLitt is awarded here because for the ancient universities the first degree in the Arts and Humanities is an undergraduate MA (Hons), and contrasts with the MPhil degree, a more advanced one-year research Masters.

The older MLitt, now often called the MLitt (R) to differentiate the two, is a research degree lasting two years in many UK universities, including the ancient Scottish Universities who also grant MLitts (T). Students rarely apply for an MLitt in the first instance, but for those who have completed two years of a PhD and do not wish to or cannot continue with the final year(s), they have the option to write up their completed research so far and graduate with an MLitt (R).

In all cases, the MLitt is usually awarded in Arts, Divinity, Fine Art, Humanities, or Social Sciences.


United States

The M.Litt. is awarded by only three schools in the U.S. Middlebury College in Vermont offers the degree for advanced study in writing; Drew University in New Jersey offers it as an intermediate degree in their Doctor of Letters (D.Litt.) program (the only earned/non-honorary Doctor of Letters degree in the U.S.), an interdisciplinary Humanities program in scholarly writing. Mary Baldwin College in Virginia awards a unique M.Litt. degree, requiring two years of study, for in-depth research in Shakespeare and Renaissance Literature in Performance, which it offers as an intermediate degree in their three-year MFA program.