Interactive data in financial reporting:the construction of the non-professional investor

The Securities and Exchange Commission (SEC) in the United States and in particular its immediately past chairman, Christopher Cox, has been actively promoting an upgrade of the EDGAR system of disseminating filings. The new generation of information provision has been dubbed by Chairman Cox, "Interactive Data" (SEC, 2006). In October this year the Office of Interactive Disclosure was created(http://www.sec.gov/news/press/2007/2007-213.htm). The focus of this paper is to examine the way in which the non-professional investor has been constructed by various actors. We examine the manner in which Interactive Data has been sold as the panacea for financial market 'irregularities' by the SEC and others. The academic literature shows almost no evidence of researching non-professional investors in any real sense (Young, 2006). Both this literature and the behaviour of representatives of institutions such as the SEC and FSA appears to find it convenient to construct this class of investor in a particular form and to speak for them. We theorise the activities of the SEC and its chairman in particular over a period of about three years, both following and prior to the 'credit crunch'. Our approach is to examine a selection of the policy documents released by the SEC and other interested parties and the statements made by some of the policy makers and regulators central to the programme to advance the socio-technical project that is constituted by Interactive Data. We adopt insights from ANT and more particularly the sociology of translation (Callon, 1986; Latour, 1987, 2005; Law, 1996, 2002; Law & Singleton, 2005) to show how individuals and regulators have acted as spokespersons for this malleable class of investor. We theorise the processes of accountability to investors and others and in so doing reveal the regulatory bodies taking the regulated for granted. The possible implications of technological developments in digital reporting have been identified also by the CEO's of the six biggest audit firms in a discussion document on the role of accounting information and audit in the future of global capital markets (DiPiazza et al., 2006). The potential for digital reporting enabled through XBRL to "revolutionize the entire company reporting model" (p.16) is discussed and they conclude that the new model "should be driven by the wants of investors and other users of company information,..." (p.17; emphasis in the original). Here rather than examine the somewhat illusive and vexing question of whether adding interactive functionality to 'traditional' reports can achieve the benefits claimed for nonprofessional investors we wish to consider the rhetorical and discursive moves in which the SEC and others have engaged to present such developments as providing clearer reporting and accountability standards and serving the interests of this constructed and largely unknown group - the non-professional investor.

Poly(methyl methacrylate) model study of optical surface quality after excimer laser photorefractive keratectomy

Purpose: To evaluate lenses produced by excimer laser ablation of poly(methyl methacrylate) (PMMA) plates. Setting: University research laboratory. Methods: Two Nidek EC-5000 scanning-slit excimer laser systems were used to ablate plane-parallel plates of PMMA. The ablated lenses were examined by focimetry, interferometry, and mechanical surface profiling. Results: The spherical optical powers of the lenses matched the expected values, but the cylindrical powers were generally lower than intended. Interferometry revealed marked irregularity in the surface of negative corrections, which often had a positive “island” at their center. Positive corrections were generally smoother. These findings were supported by the results of mechanical profiling. Contrast sensitivity measurements carried out when observing through ablated lenses whose power had been neutralized with a suitable spectacle lens of opposite sign confirmed that the surface irregularities of the ablated lenses markedly reduced contrast sensitivity over a range of spatial frequencies. Conclusion: Improvements in beam delivery systems seem desirable.

Estudos de distúrbios ionosféricos propagantes de larga escala (LSTID’S) na região equatorial durante grandes tempestades magnéticas: estudo de casos

The Ionospheric Disturbances – TIDs – are irregularities on the ionospheric plasma propagating in speeds in the order of tens to a few hundreds of meters per second. This present study detected and characterized the TIDs of LSTIDs (Large Scale Travelling Ionospheric Disturbance) type at low latitudes during intense geomagnetic storms and its propagation over the Brazilian sector. This work also shows as being the first to report systematically propagation of gravity waves over Natal. For this purpose, we used ionospheric records obtained from type of digisonde CADI (Canadiam Advanced Digital Ionosonde) located in Natal and the type DSP (Digisonde Portable Souder) located in Cachoeira Paulista, Fortaleza and São Luis, whereupon we used a dataset of 12 years collected by INPE (National Institute of Space Research). In this study, both calm days, that preceded the storms, and the geomagnetically disturbed days were related during the years 2000 and 1012, which cover a period of maximum and minimum solar activity. And it is presented the variations that happened in the electron density from region F of the ionosphere over the Brazilian sector, especially near the Equator (Natal, Fortaleza and São Luis), caused by ionospheric disturbances in the equatorial region during intense geomagnetic storms, because, as we know of the literature in this area, this phenomenon contributes positively to the emergence of LSTIDs in the auroral region, which may move to the equatorial region where a few cases have been documented and studied systematically. From the observation of signatures if TIDs in ionogram records, a study of the morphology of these events was performed and compared with the main characteristics of the wave of this phenomenon during great magnetic storms, i.e., DST <(-200 nT) and KP > 6. Thus, we obtained the main characteristics of TIDs over our region, i.e., period, vertical wavelength, phase and propagation speed, as well as the delay of these disturbances compared to the beginning of the magnetic storms to the Brazilian Sector.

Collection of waste batteries in Portugal and Brazil

Selected papers from the 3rd Edition of the International Conference on Wastes: Solutions, Treatments and Opportunities

Nadzór nad funkcjonowaniem ferm zwierząt futerkowych w Polsce

W artykule porównano dwa raporty Najwyższej Izby Kontroli, która przeprowadziła kontrole organów państwowych zobligowane do wykonywania nadzoru nad funkcjonowaniem ferm zwierząt. Wnioski przedstawione przez Najwyższą Izbę Kontroli wykazały, że nadzór nad funkcjonowaniem owych ferm nie jest wystarczająco skuteczny i pozostawia wiele wątpliwości co do działalności organów państwowych. W przytaczanych raportach została opisana niestabilna sytuacja polskich organów kontroli, która stawia pod znakiem zapytania nie tylko działalność wymienionych organów, ale także kondycję całej struktury administracyjnej i kontrolnej. Ponadto wnioski zawarte w raportach wykazały, że podmioty uzyskujące zgodę na prowadzenie danych instalacji środowiskowych nie zawsze spełniają wymogi związane z ochroną środowiska, bowiem dokonują niekorzystnego podziału instalacji. Rozwój nowoczesnego rolnictwa i jego intensyfikacja może powodować szereg zagrożeń środowiskowych, głównie dla mieszkańców znajdujących się w bezpośrednim sąsiedztwie ferm utrzymujących zwierzęta. Przemysłowa hodowla zwierząt nie jest obojętna dla jakości i warunków życia ludzi mieszkających w bliskim sąsiedztwie ferm za sprawą uciążliwych odorów oraz zanieczyszczeń wód, w tym w wyniku przenawożenia gleb, prowadzących do zagrożeń chemicznych i mikrobiologicznych. Skutkiem występujących uciążliwości są protesty lokalnych społeczeństw. Brak odpowiedniego nadzoru zagraża również rodzimym gatunkom zwierząt, wyniszczając zwłaszcza ptaki i niektóre ssaki.

Atuação dos conselhos de políticas públicas do fundo de manutenção e desenvolvimento da educação básica e de valorização dos profissionais da educação no combate à corrupção

Dissertação (mestrado)—Universidade de Brasília, Faculdade de Economia, Administração e Contabilidade, Programa de Pós-Graduação em Administração, Mestrado Profissional em Administração, 2015.

The impact of tides and waves on near-surface suspended sediment concentrations in the English Channel

Numerous ecological problems of continental shelf ecosystems require a refined knowledge of the evolution of suspended sediment concentrations (SSC). The present investigation focuses on the spatial and temporal variabilities of near-surface SSC in coastal waters of the English Channel (western Europe) by exploiting numerical predictions from the Regional Ocean Modeling System ROMS. Extending previous investigations of ROMS performances in the Channel, this analysis refines, with increased spatial and temporal resolutions, the characterization of near-surface SSC patterns revealing areas where concentrations are highly correlated with evolutions of tides and waves. Significant tidal modulations of near-surface concentrations are thus found in the eastern English Channel and the French Dover Strait while a pronounced influence of waves is exhibited in the Channel Islands Gulf. Coastal waters present furthermore strong SSC temporal variations, particularly noticeable during storm events of autumn and winter, with maximum near-surface concentrations exceeding 40 mg l−1 and increase by a factor from 10 to 18 in comparison with time-averaged concentrations. This temporal variability strongly depends on the granulometric distribution of suspended sediments characterized by local bi-modal contributions of silts and sands off coastal irregularities of the Isle of Wight, the Cotentin Peninsula and the southern Dover Strait.

O uso do BIM na fiscalização de obras públicas

Dissertação (mestrado)—Universidade de Brasília, Faculdade de Tecnologia, Departamento de Engenharia Civil e Ambiental, 2016.

Estágio TAP/Megasys - Data Warehouse & Reporting

Mestrado em Gestão de Sistemas de Informação

Estimation de cartes d'énergie de hautes fréquences ou d'irrégularité de périodicité de la marche humaine par caméra de profondeur pour la détection de pathologies

Ce travail présente deux nouveaux systèmes simples d'analyse de la marche humaine grâce à une caméra de profondeur (Microsoft Kinect) placée devant un sujet marchant sur un tapis roulant conventionnel, capables de détecter une marche saine et celle déficiente. Le premier système repose sur le fait qu'une marche normale présente typiquement un signal de profondeur lisse au niveau de chaque pixel avec moins de hautes fréquences, ce qui permet d'estimer une carte indiquant l'emplacement et l'amplitude de l'énergie de haute fréquence (HFSE). Le second système analyse les parties du corps qui ont un motif de mouvement irrégulier, en termes de périodicité, lors de la marche. Nous supposons que la marche d'un sujet sain présente partout dans le corps, pendant les cycles de marche, un signal de profondeur avec un motif périodique sans bruit. Nous estimons, à partir de la séquence vidéo de chaque sujet, une carte montrant les zones d'irrégularités de la marche (également appelées énergie de bruit apériodique). La carte avec HFSE ou celle visualisant l'énergie de bruit apériodique peut être utilisée comme un bon indicateur d'une éventuelle pathologie, dans un outil de diagnostic précoce, rapide et fiable, ou permettre de fournir des informations sur la présence et l'étendue de la maladie ou des problèmes (orthopédiques, musculaires ou neurologiques) du patient. Même si les cartes obtenues sont informatives et très discriminantes pour une classification visuelle directe, même pour un non-spécialiste, les systèmes proposés permettent de détecter automatiquement les individus en bonne santé et ceux avec des problèmes locomoteurs.

Estimation de cartes d'énergie de hautes fréquences ou d'irrégularité de périodicité de la marche humaine par caméra de profondeur pour la détection de pathologies

Ce travail présente deux nouveaux systèmes simples d'analyse de la marche humaine grâce à une caméra de profondeur (Microsoft Kinect) placée devant un sujet marchant sur un tapis roulant conventionnel, capables de détecter une marche saine et celle déficiente. Le premier système repose sur le fait qu'une marche normale présente typiquement un signal de profondeur lisse au niveau de chaque pixel avec moins de hautes fréquences, ce qui permet d'estimer une carte indiquant l'emplacement et l'amplitude de l'énergie de haute fréquence (HFSE). Le second système analyse les parties du corps qui ont un motif de mouvement irrégulier, en termes de périodicité, lors de la marche. Nous supposons que la marche d'un sujet sain présente partout dans le corps, pendant les cycles de marche, un signal de profondeur avec un motif périodique sans bruit. Nous estimons, à partir de la séquence vidéo de chaque sujet, une carte montrant les zones d'irrégularités de la marche (également appelées énergie de bruit apériodique). La carte avec HFSE ou celle visualisant l'énergie de bruit apériodique peut être utilisée comme un bon indicateur d'une éventuelle pathologie, dans un outil de diagnostic précoce, rapide et fiable, ou permettre de fournir des informations sur la présence et l'étendue de la maladie ou des problèmes (orthopédiques, musculaires ou neurologiques) du patient. Même si les cartes obtenues sont informatives et très discriminantes pour une classification visuelle directe, même pour un non-spécialiste, les systèmes proposés permettent de détecter automatiquement les individus en bonne santé et ceux avec des problèmes locomoteurs.

Strategies to enhance the productivity of rainfed off-season maize.

In Brazil, off-season rainfed maize is usually affected by limited water due to irregularities in rainfall. Alternatives to mitigate these effects include ground cover to reduce evaporation losses and the use of cultivars with a deeper rooting system. We conducted a study in Goias, Brazil, to evaluate the influence of different crop management strategies to mitigate the effect of limited water in maize yield. Modeling was used to simulate scenarios that consisted of 0, 3.5 and 5.0 t ha-1 of soybean residue left on the soil surface combined with cultivar ideotypes with 0.30 m, 0.50 m 0.70 m deep rooting system grown with 60 and 340 kg ha-1of nitrogen. The results showed that maintaining residue in the soil surface in combination with the use of cultivars with deeper rooting systems favored higher yields of off-season maize. Our results also indicated that a cultivar with rooting system in the top 0.50 m of the soil fertilized with a high nitrogen rate tended to be more efficient in the use of the soil available water

Response of tropical maize to supplemental irrigation strategies.

Water is one of the most important factors influencing crop production in rainfed cropping systems. In tropical regions, supplemental irrigation reduces the risk of yield losses associated to water deficit due to insufficient rainfall. Water deficit in regions with irregularities in rainfall may be overcome with the use of supplemental irrigation, a technique based on the application of water at amounts below the crop?s evapotranspiration (ETc). We investigated the potential of supplemental irrigation as a strategy to increase yield of maize grown under tropical conditions. We used the CSM-CERES-Maize model of the Decision Support System for Agrotechnology Transfer (DSSAT) to simulate irrigation strategies of maize in six counties in the state of Minas Gerais, Brazil. Our results indicate significant differences on simulated crop yield in response to supplemental irrigation. As a consequence, water productivity was improved with reductions of 10% and 15% of full irrigation depths in one of the six counties while in two the water productivity was higher when full irrigation was applied.