The Degree of Competition in the Thai Banking Industry before and after the East Asian Crisis

This paper analyzes the influence of the East Asian crisis and the subsequent reforms on the oligopolistic nature of the Thai banking industry. Since the crisis, there have been substantial changes in competitive environment, including a decline in the family ownership of banks as well as the arrival of new entrants. How did these changes affect a banking industry in which the six largest local banks accounted for over 70 percent of market share? The estimated Lerner index from Bresnahan's [1989] conjectural variation model indicates the possibility of a decline in the degree of competition.

Evaluating the Effectiveness of GMS Economic Corridors: Why is There More Focus on the Bangkok-Hanoi Road than the East-West Corridor?

Since the inauguration of the Greater Mekong Sub-region (GMS) Economic Cooperation Program in 1992, road infrastructure projects have played a very important role. Their economic significance, especially, has become a focal point after the introduction of the concept of the three economic corridors in 1998: the East-West Economic Corridor; the North-South Economic Corridor; and the Southern Economic Corridor (Figure 1). The completion of the Second International Mekong Bridge between Mukdahan, Thailand and Savannakhet, Laos was an epoch-making event in the development of the East-West Economic Corridor. The business community, however, has paid more attention to the Bangkok-Hanoi Road than the East-West Economic Corridor. This study examines the reasons why the former has received more focus than the latter, by using criteria such as population density and the economic scale at a provincial or state level. Thereafter, the effectiveness of other economic corridors is examined, by applying the same criteria.

cAMP- and rapamycin-sensitive regulation of the association of eukaryotic initiation factor 4E and the translational regulator PHAS-I in aortic smooth muscle cells.

Incubating rat aortic smooth muscle cells with either platelet-derived growth factor BB (PDGF) or insulin-like growth factor I (IGF-I) increased the phosphorylation of PHAS-I, an inhibitor of the mRNA cap binding protein, eukaryotic initiation factor (eIF) 4E. Phosphorylation of PHAS-I promoted dissociation of the PHAS-I-eIF-4E complex, an effect that could partly explain the stimulation of protein synthesis by the two growth factors. Increasing cAMP with forskolin decreased PHAS-I phosphorylation and markedly increased the amount of eIF-4E bound to PHAS-I, effects consistent with an action of cAMP to inhibit protein synthesis. Both PDGF and IGF-I activated p70S6K, but only PDGF increased mitogen-activated protein kinase activity. Forskolin decreased by 50% the effect of PDGF on increasing p70S6K, and forskolin abolished the effect of IGF-I on the kinase. The effects of PDGF and IGF-I on increasing PHAS-I phosphorylation, on dissociating the PHAS-I-eIF-4E complex, and on increasing p70S6K were abolished by rapamycin. The results indicate that IGF-I and PDGF increase PHAS-I phosphorylation in smooth muscle cells by the same rapamycin-sensitive pathway that leads to activation of p70S6K.

(Table 1) Composition of bituminous substances in sediments from the East Pacific Rise

Bitumoid contents in metalliferous sediments from axial parts of the East Pacific Rise (EPR) have been studied. Maximal concentrations of bitumoid matter and aromatic hydrocarbons have been found in the axial zones of the EPR as a result of hydrothermal processes and accumulation of endogenous matter in the sediments. Distribution of bitumoids and hydrocarbons coincides with deposition of ore minerals that indicates similarity of their sources.

Phosphorus dynamics in waters of the Pacific Ocean

Tagged phosphorus was used to measure principal indices of mineral phosphorus variations in the euphotic zone of the East Pacific, i.e. total rate of uptake of phosphate phosphorus by microplankton (A_t), fraction consumed by phytoplankton (A_p/A_t), and turnover time (T). A_t reached its greatest values (150-280 ng/l/hour) in the upwelling zone of the Peru traverse, where development of phytoplankton was induced by upwelling. In other areas of this traverse values were 40-80 ng/l/hour in surface layers. In less productive waters on two other profiles (off Central America and California), values were lower, between 20 and 40 ng/l. On the vertical profile maxima of A_t were found at the upper boundary of the thermocline. Turnover time of PO4 phosphorus (T) in zones of phytoplankton abundance was very short, between 1.5 and 4 days. At most other stations it was 10-40 days, increasing to 100-200 days or longer at the lower boundary of the euphotic zone. In areas of phytoplankton abundance it accounted for 60-80% of total uptake of PO4 phosphorus. But in zones of elevated bacterial abundance, A_p/A_t fell to 20-40%. Data indicating lack of correlation between PO4 phosphorus and productivity are presented. It is emphasized that the above measures of PO4 phosphorus dynamics can be used for obtaining measures of functional condition and successional phase of marine plankton communities.

Sedimentology and stable carbon and oxygen isotope record of the Central Arctic

Stable oxygen and carbon isotope and sedimentological-paleontological investigations supported by accelerator mass spectrometry 14C datings were carried out on cores from north of 85°N in the eastern central Arctic Ocean. Significant changes in accumulation rates, provenance of ice-rafted debris (IRD), and planktic productivity over the past 80,000 years are documented. During peak glacials, i.e., oxygen isotope stages 4 and 2, the Arctic Ocean was covered by sea ice with decreased seasonal variation, limiting planktic productivity and bulk sedimentation rates. In early stage 3 and during Termination I, major deglaciations of the circum-Arctic regions caused lowered salinities and poor oxygenation of central Arctic surface waters. A meltwater spike and an associated IRD peak dated to ~14-12 14C ka can be traced over the southern Eurasian Basin of the Arctic Ocean. This event was associated with the early and rapid deglaciation of the marine-based Barents Sea Ice Sheet. A separate Termination Ib meltwater event is most conspicuous in the central Arctic and is associated with characteristic dolomitic carbonate IRD. This lithology suggests an origin of glacial ice from northern Canada and northern Greenland where lower Paleozoic platform carbonates crop extensively out.

Annotated record of the detailed examination of Mn deposits from DEEPSONDE Expedition stations near the East Pacific Rise

Basalts from the base of a small seamount on ~1.5-m.y.-old crust west of the East Pacific Rise (EPR) at 9°N are intermediate in chemical and isotopic composition between light-rare-earth-element-depleted tholeiite (normal midocean ridge basalt (MORB)) and alkali basalt. Like oceanic alkali basalt, these rocks contain significantly more Ba, K, P, Sr, Ti, U, and Zr than normal MORB. Since the absolute abundances of these elements are still well below alkali basalt levels, the label transitional is adopted for these basalts. A series of fractionated MORB also occurs in this area, northwest of the Siqueiros Fracture Zone - Transform Fault. The normal tholeiites are either olivine-plagioclase or plagioclase-clinopyroxene phyric, while the transitional basalts are spinel-olivine phyric. Fractional crystallization quantitatively accounts for the chemical variability of the tholeiitic series but not for the transitional basalts. The tholeiitic series probably evolved in a crustal magma chamber ~4 km below the crest of the East Pacific Rise. 143Nd/144Nd and other chemical data suggest that the large-ion-lithophile-enriched transitional basalts may represent a hybrid of normal MORB and Siqueiros area alkali basalt. Incompatible element plots of K, P, and U indicate possible derivation of the transitional basalts by magma mixing. Magma mixing of unfractionated normal MORB and Siqueiros alkali basalt has been quantified. Derivation of the transitional basalts from a 1:1 mixture is supported by all available chemical data, including Cr, Cu, Nd, Ni, Sm, Sr, U, and V. This magma mixing apparently occurred at ?<~30 km depth within a few tens of kilometers from the EPR axis. These Siqueiros area EPR transitional basalts are compared with Mid-Atlantic Ridge (MAR) transitional basalts from the Iceland and Azores areas. The Siqueiros area basalts reflect a profound chemical and isotopic heterogeneity in the upper mantle, similar to that found along the MAR. Unlike the MAR, the EPR shows no evidence of plumelike bulges and associated large-scale outpourings of nonnormal MORB resulting from these mantle heterogeneities. Siqueiros alkali basalt and MORB, as well as transitional basalt and MORB, were recovered from single dredge hauls. Such close spatial and temporal proximity of the inferred mantle sources places severe constraints on geometric and physicochemical upper mantle models.

A catalog of the Napoleon library of De Paul university,

Mode of access: Internet.

Napoleon, an explanation of his theories of government; an avowal of the motives that actuated his public life;

The "Manuscrit venu de Sainte Héléne" and an English translation, "Manuscript transmitted from St. Helena" were first published anoymously, London, John Murray, 1817: a number of editions and translation in many languages have appeared since.

The Napoleon myth. Containing a reprint of "The grand erratum,"

Mode of access: Internet.

A narrative of the campaign in Russia, during the year 1812.

Mode of access: Internet.

An authentic narrative of the invasion of France, in 1814.

Translation of the author's Histoire de la campagne de 1814, which was first published Paris, 1815 and republished Paris, 1816, as part 1 of his Histoire des campagnes de 1814 et de 1815.

Memoir of the operations of the allied armies, under Prince Schwarzenberg, and Marshal Blucher, during the latter end of 1813, and the year 1814,

Mode of access: Internet.

England's triumph: being an account of the rejoicings, &c. which have lately taken place in London and elsewhere.

Mode of access: Internet.

Catalogue of the valuable collection of manuscripts, autographs, books portraits and other interesting material mainly relating to Napoleon Bonaparte and the French revolution : the property of Warren C. Crane, to be sold ... at the American Art Galleries.

Mode of access: Internet.