32 resultados para Bank of California.


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The Little Penguin (Eudyptula minor), a colonial-nesting seabird that is widespread in New Zealand and southern Australia, has high dispersal potential but exhibits regional variation in morphology, coloration, and breeding phenology. We present a distribution-wide survey of mitochondrial DNA variation in the Little Penguin to document phylogeographic relationships and genetic structuring and to test for concordance with intraspecific taxonomy. Phylogeographic structuring was absent among Australian colonies (27 localities, 94 individuals), but the distribution of haplotypes among colonies was significantly nonrandom (ϕST = 0.110, P < 0.01). The Australian individuals exhibited close phylogenetic relationships with a subset of New Zealand birds (4 localities, 22 individuals), whereas the remaining New Zealand birds (20 localities, 106 individuals) were phylogenetically distinct, with ≥7% sequence divergence, and exhibited greater levels of genetic variation and geographic structuring (ϕST = 0.774, P < 0.05). These patterns are consistent with earlier suggestions of an origin in New Zealand followed by recent colonization of Australia and back-dispersal to New Zealand. Extinction and re-establishment processes may have been important factors in the development of genetic structuring across a range of spatiotemporal scales. The genetic data are consistent with suggestions that a single subspecies exists in Australia, but not with the subspecies distributions within New Zealand that have been suggested on the basis of morphology and coloration.

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In the shadow of the global financial crisis, the issue of the marketing of credit has become an increasing concern in the past 12 months. Outstanding personal debt in the UK currently stands at £1479 billion and is rising by £1 million every 10.6 min. In Australia, there is currently $44.6 billion worth of outstanding credit card debt, and in the US, $2596 billion was owed on credit cards in 2008. At present, the banking sector utilizes sophisticated research methods to profile consumers, including those who might be considered financially vulnerable. However, the policy frameworks in most industrialized countries do not account for this form of target marketing when considering how to protect vulnerable groups. This paper is an initial attempt to examine the different methods by which profiling is conducted and the policy implications of this sophisticated form of segmentation and targeting. We argue that current consumer policies are inadequate in protecting vulnerable consumers from these marketing techniques, and recent recommendations from the Federal Reserve Bank of the United States, and the Australian Law Reform Commission to allow banks and lenders to ‘pre-screen’ potential customers will exacerbate personal debt levels, rather than reducing them.

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Although there has been significant research on US financial intermediaries' stock returns and sensitivity to interest yields, there has only been limited research on Australian bank stock returns and key macro variables, such as interest rates and exchange rates. The aim of this article is to examine this relationship for four major Australian banks, namely the Australia New Zealand bank (ANZ), the Commonwealth Bank of Australia (CBA), the National Australia Bank (NAB) and the Westpac Banking Corporation (WBC). We use the EGARCH model and examine the relationship using monthly data covering the period 1992 to 2007. The results suggest that for all four banks: (1) there is a similar and statistically significant negative relationship between interest rates and stock returns; and (2) there is evidence of an increase in returns during the period of appreciation of the Australian dollar.

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The identification of mammals through the use of their hair is important in the fields of forensics and ecology. The application of computer pattern recognition techniques to this process provides a means of reducing the subjectivity found in the process, as manual techniques rely on the interpretation of a human expert rather than quantitative measures. The first application of image pattern recognition techniques to the classification of African mammalian species using hair patterns is presented. This application uses a 2D Gabor filter-bank and motivates the use of moments to classify hair scale patterns. Application of a 2D Gabor filter-bank to hair scale processing provides results of 52% accuracy when using a filter bank of size four and 72% accuracy when using a filter-bank of size eight. These initial results indicate that 2D Gabor filters produce information that may be successfully

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Making a detour can be advantageous to a migrating bird if fuel-deposition rates at stopover sites along the detour are considerably higher than at stopover sites along a more direct route. One example of an extensive migratory detour is that of the Sharp-tailed Sandpiper (Calidris acuminata), of which large numbers of juveniles are found during fall migration in western Alaska. These birds take a detour of 1500-3400 km from the most direct route between their natal range in northeastern Siberia and nonbreeding areas in Australia. We studied the autumnal fueling rates and fuel loads of 357 Sharp-tailed Sandpipers captured in western Alaska. In early September the birds increased in mass at a rate of only 0.5% of lean body mass day-1. Later in September, the rate of mass increase was about 6% of lean body mass day-1, among the highest values found among similar-sized shorebirds around the world. Some individuals more than doubled their body mass because of fuel deposition, allowing nonstop flight of between 7100 and 9800 km, presumably including a trans-oceanic flight to the southern hemisphere. Our observations indicated that predator attacks were rare in our study area, adding another potential benefit of the detour. We conclude that the most likely reason for the Alaskan detour is that it allows juvenile Sharp-tailed Sandpipers to put on large fuel stores at exceptionally high rates.

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Purpose – The purpose of this paper is to examine the monetary policy transmission mechanism for the Fiji Islands using a structural vector autoregressive (SVAR) model for the period 1975 to 2005.

Design/methodology/approach – The SVAR model investigates how a monetary policy shock – defined as a temporary and exogenous rise in the short-term interest rate – affects real and nominal macro variables; namely real output, prices, exchange rates, and money supply.

Findings –
The results suggest that a monetary policy shock statistically significantly reduces output initially, but then output is able to recover to its pre-shock level. A monetary policy shock generates inflationary pressure, leads to an appreciation of the Fijian currency and reduces the demand for money. The paper also analysed the impact of a nominal effective exchange rate (NEER) shock (an appreciation) on real output and found that it leads to a statistically significant negative effect on real output.

Practical implications –
The findings of this study should be of direct relevance to the research and policy work undertaken at the Reserve Bank of Fiji.

Originality/value – For a small economy, such as Fiji, where monetary policy is key to sustainable macroeconomic management, this is the first paper that undertakes a dynamic analysis of monetary policy transmission. The paper uses time series data over three decades and builds a structural VAR model, rooted in theory. This paper will be of direct relevance to the Reserve Bank of Fiji. The approach and model proposed will also be useful for applied monetary policy researchers in other developing countries where inflation rate targeting is a key element of the monetary policy setting.

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Morgan had two extraordinary disciples in Lorimer Fison and Alfred Howitt in Australia. They were inspired by Morgan’s kinship schedule and were profoundly engaged in the method and theory of the collection of kinship data and its interpretation. Fison began using the schedule in Fiji in 1869. Soon after his first contact with Howitt, in 1873, they changed the method of collection of kinship terminologies. This paper traces the shift from tabulated kinship lists to family trees and the use of sticks to represent relationships (nearly twenty years before Rivers’ celebrated ‘genealogical method’), as well as efforts to find new means of representing kinship through experimentation with ‘ graphic formulae’ inspired by chemical equations. These innovations first occurred through the gathering of kinship data about the Kŭnai of Gippsland, Victoria, and crucially involved close collaboration between Howitt and his Kŭnai consultant Tulaba. What was revealed in this process was an indigenous kinship system quite different from that found in other parts of colonial Australia known at the time. Fison and Howitt explained this system as transitional between two stages in terms of Morgan’s evolutionary scheme, but at the same time challenged the assumption that the general scheme could be applied to Australia. While the details of Morgan’s evolutionary stages have faded from view, the methods of collection, representation, transmission, comparison and interpretation of kinship data are still live issues in anthropology today. The kind of kinship system discovered in Gippsland involved neutralisation of the cross-parallel distinctions, distinctions that are otherwise typical of Australia. Such neutralisation can now be shown to occur elsewhere in Australia. There does indeed seem to have been a transition from a Dravidianate system with cross-parallel distinctions to ‘overlays’ of cross-parallel neutralisation, and finally a complete loss in some generations of such distinctions in the terminology. These discoveries open up possibilities of rebuilding a diachronic theory of kinship change and evolution, incorporating some of the insights of Fison and Howitt, though without their specific hypotheses, either of local developments in Gippsland or the grand scheme of Morgan.

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The first published record, from the early 1970s, of hibernation in sea turtles is based on the reports of the indigenous Indians and fishermen from Mexico, who hunted dormant green turtles (Chelonia mydas) in the Gulf of California. However, there were no successful attempts to investigate the biology of this particular behaviour further. Hence, data such as the exact duration and energetic requirements of dormant winter submergences are lacking. We used new satellite relay data loggers to obtain the first records of up to 7 h long dives of a loggerhead turtle (Caretta caretta) overwintering in Greek waters. These represent the longest dives ever reported for a diving marine vertebrate. There is strong evidence that the dives were aerobic, because the turtle surfaced only for short intervals and before the calculated oxygen stores were depleted. This evidence suggests that the common belief that sea turtles hibernate underwater, as some freshwater turtles do, is incorrect.

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Although the costs of parental care are at the foundations of optimal-parental-investment theory, our understanding of the nature of the underlying costs is limited by the difficulty of measuring variation in foraging effort. We simultaneously measured parental provisioning and foraging behavior in a free-living population of Zebra Finches (Taeniopygia guttata) using an electronic monitoring system. We fitted 145 adults with a passive transponder tag and remotely recorded their visits to nest boxes and feeders continuously over a 2-month period. After validating the accuracy of this monitoring system, we studied how provisioning and foraging activities varied through time (day and breeding cycle) and influenced the benefits (food received by the offspring) and costs (interclutch interval) of parental care. The provisioning rates of wild Zebra Finches were surprisingly low, with an average of only one visit per hour throughout the day. This was significantly lower than those reported for this model species in captivity and for most other passerines in the wild. Nest visitation rate only partially explained the amount of food received by the young, with parental foraging activity, including the minimum distance covered on foraging trips, being better predictors. Parents that sustained higher foraging activity and covered more distance during the first breeding attempt took longer to renest. These results demonstrate that in some species matching foraging activity with offspring provisioning may provide a better estimate of the true investment that individuals commit to a reproductive attempt.

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 Aquatic nanotoxicologists and ecotoxicologists have begun to identify the unique properties of the nanomaterials (NMs) that potentially affect the health of wildlife. In this review the scientific aims are to discuss the main challenges nanotoxicologists currently face in aquatic toxicity testing, including the transformations of NMs in aquatic test media (dissolution, aggregation and small molecule interactions), and modes of NM interference (optical interference, adsorption to assay components and generation of reactive oxygen species) on common toxicity assays. Three of the major OECD (Organisation for Economic Co-operation and Development) priority materials, titanium dioxide (TiO2), zinc oxide (ZnO) and silver (Ag) NMs, studied recently by the Natural Sciences and Engineering Research Council of Canada (NSERC), National Research Council of Canada (NRC) and the Business Development Bank of Canada (BDC) Nanotechnology Initiative (NNBNI), a Canadian consortium, have been identified to cause both bulk effect, dissolution-based (i.e. free metal), or NM-specific toxicity in aquatic organisms. TiO2 NMs are most toxic to algae, with toxicity being NM size-dependent and principally associated with binding of the materials to the organism. Conversely, dissolution of Zn and Ag NMs and the subsequent release of their ionic metal counterparts appear to represent the primary mode of toxicity to aquatic organisms for these NMs. In recent years, our understanding of the toxicological properties of these specific OECD relevant materials has increased significantly. Specifically, researchers have begun to alter their experimental design to identify the different behaviour of these materials as colloids and, by introducing appropriate controls and NM characterisation, aquatic nanotoxicologists are now beginning to possess a clearer understanding of the chemical and physical properties of these materials in solution, and how these materials may interact with organisms. Arming nanotoxicologists with this understanding, combined with knowledge of the physics, chemistry and biology of these materials is essential for maintaining the accuracy of all future toxicological assessments.

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Boediono studied and worked in Australia on several occasions. He studied at the University of Western Australia in the 1960s on a Colombo Plan scholarship, completing a degree in economics in 1967. He then went on to complete a Masters degree at Monash University. He later obtained a PhD from the University of Pennsylvania in the 1970s and also worked at the Australian National University as a research assistant. Boediono was a Bank of Indonesia deputy governor from 1997 to 1998 and served as State Minister of National Planning and Development from 1998 to October 1999. He served as Vice President of Indonesia 2009-2014 and has worked as an academic, teaching economics at Gadjah Mada University. The interview was conducted in English on 23 April 2014 by Professor David Lowe and Dr Jemma Purdey of Deakin University. This set comprises: an interview recording, a photograph, and a transcript of the interview.