Testing for market segmentation in the A and B share markets of China

Recent research has suggested that the A and B share markets of China may be informationally segmented. In this paper volatility patterns in the A and B share market are studied to establish whether volatility changes to the A and B share markets are synchronous. A consequence of new information, when investors act upon it is that volatility rises. This means that if the A and B markets are perfectly integrated volatility changes to each market would be expected to occur at the same time. However, if they are segmented there is no reason for volatility changes to occur on the same day. Using the iterative cumulative sum of squares across the different markets. Evidence is found of integration between the two A share markets but not between the A and B markets. © 2005 Taylor & Francis Group Ltd.

The Appendicularia and Chaetognatha from the Great Meteor Bank, Northeast Atlantic

At a longtime station near the "Grosse Meteor Bank" in the North Atlantic 41 subsequent hauls were made in April 1967 with the Helgoland larva net with changing bucket device. In addition 9 hauls were made during July 1967. The catches from the depth ranges of 900-700 m, 700-500 m, 500-300 m, 300-200 m, 200-100 m, and 100-0 m were collected in separate buckets during each catch series. Contamination, though possible on principle, does not seem to be of much consequence in appendicularia. After some comments on certain species caught it is shown that at this station in the open ocean the density of appendicularia not only varies with the season, but that clouds of plankton may pass by it within a few hours, in which the density may vary at a ratio of ten or more to one. In the composition of species as many as four species may in turn be the most abundant. For one species the composition as to size and stage of maturity may change in the same way. Regarding the depth distribution there are no species restricted to deeper layers. Below 100 m the number falls to about 1 % of the uppermost layer. Oikopkura longicauda, O. cophocerca, O.parva and Althoffia tumida as well as Fritillaria species are found between 900 and 100 m in comparatively higher numbers than Stegosoma magnum, Oikopleura albicans and O. intermedia. The Chaetognaths were collected in the depth of 900-0 m in vertical hauls with the Helgoland larva net with changing bucket device; buckets had been changed in the depth of 700, 500, 300, 200,1 00 m. In the course of the investigation it appeared that for Chaetognaths the sampling method with changing bucket device is insufficient. Many specimens remained in the net and entered the bucket at a higher level than that in which they had lived, mostly during flushing the net (sample 100-0 m); this means considerable contamination. In spite of this difficulty deep layers of higher abundance could be traced for Sagitta lyra and some other species. For some species large local variations in the number of specimens within a short time were found. Moreover notes have been made of foodorganisms, parasits and anatornic metamorphoses during maturing.

The Rotational Evolution and Magnetospheric Emission of the Magnetic Early B-type Stars

How do the magnetic fields of massive stars evolve over time? Are their gyrochronological ages consistent with ages inferred from evolutionary tracks? Why do most stars predicted to host Centrifugal Magnetospheres (CMs) display no H$\alpha$ emission? Does plasma escape from CMs via centrifugal breakout events, or by a steady-state leakage mechanism? This thesis investigates these questions via a population study with a sample of 51 magnetic early B-type stars. The longitudinal magnetic field \bz~was measured from Least Squares Deconvolution profiles extracted from high-resolution spectropolarimetric data. New rotational periods $P_{\rm rot}$ were determined for 15 stars from \bz, leaving only 3 stars for which $P_{\rm rot}$ is unknown. Projected rotational velocities \vsini~were measured from multiple spectral lines. Effective temperatures and surface gravities were measured via ionization balances and line profile fitting of H Balmer lines. Fundamental physical parameters, \bz, \vsini, and $P_{\rm rot}$ were then used to determine radii, masses, ages, dipole oblique rotator model, stellar wind, magnetospheric, and spindown parameters using a Monte Carlo approach that self-consistently calculates all parameters while accounting for all available constraints on stellar properties. Dipole magnetic field strengths $B_{\rm d}$ follow a log-normal distribution similar to that of Ap stars, and decline over time in a fashion consistent with the expected conservation of fossil magnetic flux. $P_{\rm rot}$ increases with fractional main sequence age, mass, and $B_{\rm d}$, as expected from magnetospheric braking. However, comparison of evolutionary track ages to maximum spindown ages $t_{\rm S,max}$ shows that initial rotation fractions may be far below critical for stars with $M_*>10 M_\odot$. Computing $t_{\rm S,max}$ with different mass-loss prescriptions indicates that the mass-loss rates of B-type stars are likely much lower than expected from extrapolation from O-type stars. Stars with H$\alpha$ in emission and absorption occupy distinct regions in the updated rotation-magnetic confinement diagram: H$\alpha$-bright stars are found to be younger, more rapidly rotating, and more strongly magnetized than the general population. Emission strength is sensitive both to the volume of the CM and to the mass-loss rate, favouring leakage over centrifugal breakout.

The Great Transition:Climate, disease and society in the late-medieval world

In the fourteenth century the Old World witnessed a series of profound and abrupt changes in the trajectory of long-established historical trends. Trans-continental networks of exchange fractured and an era of economic contraction and demographic decline dawned from which Latin Christendom would not begin to emerge until its voyages of discovery at the end of the fifteenth century. In a major new study of this 'Great Transition', assessment is made of the contributions of commercial recession, war, climate change,and eruption of the Black Death to a far-reaching reversal of fortunes which spared no part of Eurasia. A wealth of new historical, palaeoecological and biological evidence are synthesised, including estimates of national income, reconstructions of past climates. and genetic analysis of DNA extracted from the teeth of plague victims, to provide a fresh account of the creation, collapse and realignment of western Europe's late-medieval commercial economy.

A novel vortex flow reactor for the purification of B-phycoerythrin from Porphyridium cruentum

The purification of B-phycoerythrin from a concentrated extract of disrupted Porphyridium cruentum cells was carried out using a new vortex flow reactor design for protein purification. The reactor behaved as an expanded bed in the laminar vortices flow regime where the Streamline DEAE resin was expanded by the axial flow and stabilized by the vortex flow. After the broth culture was centrifuged and resuspended in the adsorption buffer, the concentrated extract of disrupted cells was directly loaded into the vortex flow reactor. The purification of B-phycoerythrin was carried out in two steps: adsorption in the expanded bed and elution from the settled bed. 142.0 mg of B-phycoerythrin was eluted representing a total recovery yield of 86.6%. Prior to B-phycoerythrin purification, the protein adsorption of the vortex flow reactor was characterized through hydrodynamic studies and a dynamic capacity measurement using a standard protein.

The exploitation of small pelagic fishes of the great lakes of Africa with reference to the mukene (Rastrineobola argentea) fishery of the northern waters of Lake Victoria

Small pelagic fish species have ultimately become important on most of the Great Lakes of Africa, especially after the depletion of the larger, initially preferred fish species. In Lake Victoria, the small pelagic cyprinid Rastrineobola argentea is now the only abundant native species supporting a fast growing light fishery. In Pilkington Bay, off Lingira Island the artisanal light fishery is well established and in the last two years this bay has witnessed a sharp increase in the fishing effort. This has been followed by a modification of fishing method and a reduction in the mesh size of nets used. R. argentea now caught from this bay consist of mainly juveniles and this could result into localized recruitment overfishing. Drawing examples from what is happening to the fishery in Pilkington Bay, it is necessary to carry out research on the stocks, gear and suitable fishing crafts before light fishing spreads to most parts of the lake.

[Map of part of the Washington Canal at the eastern end of the Mall, Washington D.C.].

Shows "Present direction of the Canal" and "New canal."

Identical digeneans in coral reef fishes from French Polynesia and the Great Barrier Reef (Australia) demonstrated by morphology and molecules

Three coral reef fish species, Zanclus cornutus, Chaetodon vagabundus and Naso lituratus, were collected in French Polynesia and on the Great Barrier Reef, Queensland. These fish species were each infected by one morphologically similar digenean species in both localities; Schistorchis Zancli Hanson, 1953 was found in Zanclus cornutus. Preptetos laguncula Bray and Cribb, 1996 in Naso lituratus and Neohypocreadium dorsoporum Machida and Uchida, 1987 in Chaetodon vagabundus. In addition, on the Great Barrier Reef P. laguncula was also found in Naso unicornis and N. dorsoporum in Chaetodon ephippium and Chaetodon flavirostris. Morphometric differences between the species from the two sites were only slight. Sequences from the second internal transcribed spacer of the ribosomal DNA of each worm revealed total homology or negligible divergence between samples from hosts caught in French Polynesia and on the Great Barrier Reef. These results show that across more than 6000 km these digeneans are similar in morphology and genotype. Some species of fishes and molluscs a-re considered to have distributions that encompass the entire tropical Indo-West Pacific. These findings suggest that at least some of their parasites have similarly broad distributions. (C) 2001 Australian Society for Parasitology Inc. Published by Elsevier Science Ltd. All rights reserved.