Light and shadows in Europe’s new Action Plan for Capital Markets Union. ECMI Commentary No. 40/5 October 2015

The European Commission’s Action Plan consists, in a nutshell, of a short list of technical proposals and a longer one of (rather general) potential actions. Overall, the plan indeed proposes to achieve some short-term objectives, such as a reduction of listing costs for SMEs, but it lacks long-term vision. The plan bundles actions under rather generic objectives of long-term finance or cross-border investing. Improving the informational infrastructure (e.g. accounting standards, company data) and cross-border enforcement of rules is left to vaguely defined future actions, but these constitute the core of the capital markets infrastructure. Without a well-defined set of measurable objectives, the whole plan may lose political momentum and become an opportunity for interested parties to cherry pick their pet provisions. Building a single market, i.e. removing cross-border obstacles to capital circulation, is too challenging a task to simply appear as one of many items on a long list of general objectives, which incidentally do not include institutional reform. The ultimate risk is that the Commission may just miss a unique opportunity to revamp and improve the financial integration process in Europe after almost a decade of harmful financial retrenchment.

(Table S1) FMR and rock magnetic parameters for upper Paleocene to lower Eocene strata, Site Ancora

Previous workers identified a magnetically anomalous clay layer deposited on the northern United States Atlantic Coastal Plain during the Paleocene-Eocene thermal maximum (PETM). The finding inspired the highly controversial hypothesis that a cometary impact triggered the PETM. Here we present ferromagnetic resonance (FMR), isothermal and anhysteretic remanent magnetization, first-order reversal curve, and transmission electron microscopy analyses of late Paleocene and early Eocene sediments in drill core from Ancora, New Jersey. A novel paleogeographic analysis applying a recent paleomagnetic pole from the Faeroe Islands indicates that New Jersey during the initial Eocene had a ~6°-9° lower paleolatitude (~27.3° for Ancora) and a more zonal shoreline trace than in conventional reconstructions. Our investigations of the PETM clay from Ancora reveal abundant magnetite nanoparticles bearing signature traits of crystals produced by magnetotactic bacteria. This result, the first identification of ancient biogenic magnetite using FMR, argues that the anomalous magnetic properties of the PETM sediments are not produced by an impact. They instead reflect environmental changes along the eastern margin of North America during the PETM that led to enhanced production and/or preservation of magnetofossils.

Loose leaf shop manual, light and power wiring.

Mode of access: Internet.

Light and shadows on college athletes : college transcripts and labor market history /

"OR91-504"--P. [4] of cover.

The theory of electrons and its applications to the phenomena of light and radiant heat /

Includes bibliographical footnotes and index.

Party dances for violin and piano, or reed organ, consisting of the most popular cotillions, polka quadrilles, lancers ... with the figures or steps for dancing arranged in a light and easy manner.

Mode of access: Internet.

Photographic illustrations for projection, plain or colored ... : photographic views from nature in all parts of the world : extensive collection : astronomy, light and optics, anatomy, crystallography, physics, botany, geology, geography.

Cover title.

London society. A monthly magazine of light and amusing literature for the hours of relaxation.

Subtitle varies slightly.

Light and electricity for engineering students,

Mode of access: Internet.

Hints on light and shadow, composition, etc. : as applicable to landscape painting : illustrated by examples /

Mode of access: Internet.

The First Epistle of John; or, God revealed in life, light and love.

Mode of access: Internet.

Light and lighting.

Mode of access: Internet.

The chemistry of light and photography in their application to art, science, and industry.

Mode of access: Internet.