Macroeconomic risk in commodities market

The thesis studies the presence of macroeconomic risk in the commodities futures market. I present strong evidence that there is a strong relationship between macroeconomic risk and individual commodities future returns. Furthermore, long-only trading strategies seem to be strongly exposed to systematic risk, while long-short trading strategies (based on basis, momentum and basis-momentum) are found to present no such risk. Instead, I found a strong sentiment exposure in the portfolio returns of these long-short strategies, mainly during recessions. The advantages of following long-short strategies become even clearer when analyzing different macroeconomic regimes.

Vocalizations of primary forest frog species in the Central Amazon.

The calls of 18 species of Amazonian forest frogs were recorded in 3 localities: the Tapajos National Park near Itaituba, the Reserva Ducke near Manaus, and the INPA-WWF reserves near Manaus. Structural and time parameters and sonographs of these calls including previously undescribed vocalization by 10 species are presented. Unlike open habitat species, several forest frong species characteriscally demonstrated one on more of the following temporal parameters: very low call rates, sporadic intervals, infrequent nights of calling and synchronized chorusing. It is hypothesized that predation has influenced the evolution of vocal behaviour in Amazonian forest frogs.

How to increase brand value expanding the category and brand presence to the main meal occasion for Sumol- Compal

Having registered negative retail value growth of 4% in Portugal in 2014, the juice category is set to decline further by 5,5% until 2019. Manufacturers of juices and nectars are therefore increasingly looking for new categories in order to balance this negative forecast in their home territory. One apparent growth opportunity for Compal, the leading producer of juices and nectars, is to expand its commercial reach to new occasions of consumption. This report carefully analyzes the opportunities related to an expansion to the main meal occasion and introduces a complete marketing and communications plan for a possible new main meal juice, Compal à Mesa. The product concept represents a rather premium positioning for the main meal occasion, including new flavor mixes that are targeted at different occasions of meals. The justification of the introduced concept includes a discussion of the primary and secondary research that was performed

A NEW SPECIES OF Rhacodiaptomus Kiefer, 1936, FROM THE BRAZILIAN AMAZON (CRUSTACEA:COPEPODA: CALANOIDA)

A new species of Calanoid copepod, Rhacodiaptomus besti,is described from material collected in the Igarapé São Pedro, Rio Jamari, State of Rondônia, and Lago Amanã, Rio Japurá, State of Amazonas, in Western Amazonia. A detailed morphological analysis of the species was undertaken in order to provide a basis for future studies on inter and intrageneric relationships.

Screening of plants found in Amazonas State for lethality towards brine shrimp

226 methanol and water extracts representing 74 mainly native plant species found in Amazonas State, Brazil, were tested at a standard concentration of 500 μg/mL for lethality towards larvae of the brine shrimp species Artemia franciscana. Several cytotoxic plant species were identified in this work: Aspidosperma marcgravianum, A. nitidum, Croton cajucara, Citrus limetta, Geissospermum argenteum, Minquartia guianensis, Piper aduncum, P. amapense, P. capitarianum, P. tuberculatum and Protium aracouchini. The results were analyzed within the context of the available traditional knowledge and uses for these plants.

Fractional pennes' bioheat equation: theoretical and numerical studies

In this work we provide a new mathematical model for the Pennes’ bioheat equation, assuming a fractional time derivative of single order. Alternative versions of the bioheat equation are studied and discussed, to take into account the temperature-dependent variability in the tissue perfusion, and both finite and infinite speed of heat propagation. The proposed bioheat model is solved numerically using an implicit finite difference scheme that we prove to be convergent and stable. The numerical method proposed can be applied to general reaction diffusion equations, with a variable diffusion coefficient. The results obtained with the single order fractional model, are compared with the original models that use classical derivatives.

Fractional bioheat equation

In this work we develop a new mathematical model for the Pennes’ bioheat equation assuming a fractional time derivative of single order. A numerical method for the solu- tion of such equations is proposed, and, the suitability of the new model for modelling real physical problems is studied and discussed

Atropelamentos de vertebrados na Floresta Nacional de Caraj��s, Pará, Brasil

Vários pesquisadores têm avaliado impactos de estradas. Estes podem envolver aspectos paisagísticos, degradação do solo, poluição do ar e impactos sobre a fauna, como atropelamentos. Na estrada Raimundo Mascarenhas, que atravessa a Floresta Nacional de Caraj��s (ca. 400 mil hectares), há intenso tráfego de veículos automotores. O objetivo deste trabalho foi testar se há diferenças entre trechos da estrada, em três escalas espaciais; se há alteração ao longo dos anos; se alguns táxons são mais freqüentemente atropelados, e se a freqüência de atropelamentos aumenta com a precipitação mensal. Analisamos a freqüência de atropelamentos de vertebrados de abril/2003 até outubro/2006 ao longo dos 25 km iniciais da estrada. Registramos 155 atropelamentos. O número de atropelamentos diminui ao longo dos anos (P=0,01), e com a distância do início da estrada (P=0,0002). Serpentes (Ophidia) e gambás Didelphis marsupialis foram mais atropelados (7,5/ano), seguidos de aves, raposas Cerdocyon thous, quatis Nasua nasua, roedores (Rodentia), e não identificados (4,9/ano); cuíca Marmosops sp., tapeti Sylvilagus brasiliensis, guariba Alouatta sp., irara Eira barbara, jabuti Geochelone sp., lagartos (Lacertilia) e macaco prego Cebus apella (1/ano). Não houve relação significativa entre o número mensal de atropelamentos e a precipitação mensal.

Caracterização e avaliação da pastagem do rebanho de agricultores familiares do nordeste paraense

No Nordeste Paraense alguns agricultores familiares têm implantado pequenas áreas de pastagens e manejado pequenos rebanhos com o objetivo de aplicar eventuais ganhos obtidos com os cultivos, criando uma poupança a ser utilizada nas necessidades futuras da família ou da propriedade. Há indícios de problemas nas pastagens e no rebanho que limitam tanto a produção e a sustentabilidade da pecuária, como comprometem os cultivos agrícolas que realmente sustentam a propriedade. Este estudo tratou de identificar as principais limitações e propor alternativas de manejo que sejam econômica e ecologicamente mais sustentáveis. Na primeira fase do estudo, numa amostra ao acaso de 38 propriedades, descreveu-se o manejo da pastagem e do rebanho, e na segunda, numa amostra menor, de doze propriedades e por um período de 29 meses, avaliou-se o potencial desses dois componentes. As propriedades estudadas desenvolvem uma pecuária de baixa produtividade. Devido à baixa fertilidade do solo e o deficiente manejo, as pastagens não suprem os alimentos necessários ao rebanho, tanto em quantidade como em qualidade. Também foram identificadas deficiências no manejo do rebanho, próprias de sistemas extensivos. Contudo, as limitações podem ser solucionadas com práticas amplamente conhecidas de manejo da pastagem (como formação, manutenção e manejo) e do rebanho (reprodução, manejo de bezerros e sanidade em geral). Novos modelos de exploração também foram sugeridos.

Challenges and confusion in media regulation: a four-country comparison

[Excerto] ln this chapter we discuss recent developments and challenges in European media and communication policy, focusing on the period following the 2008 global financial crisis. We are especially interested in the implications of the financial crisis and its political repercussions nationally (austerity measures and cuts to public services, growing anti-politics sentiments and widespread dissatisfaction with free-market capitalism and representative democracy) for media and communication policy, understood here in a broad sense, so as to include ali electronic communications, such as the Internet, mobile communications, social media etc. Our overarching concern is with the implications of developments in media and communication policy for the democratic functions of the media in Europe (...).

Racial inequalities in the socioeconomic, demographic and health conditions of elderly from Maranhão State, Legal Amazon, Brazil: a population-based study

Aging with quality of life does not occur equally among the racial groups of Brazilian elderly, and few studies have analyzed this issue in the states of the Brazilian Legal Amazon. The objective of this study was to investigate racial inequalities in the socioeconomic, demographic and health conditions of elderly residents of Maranhão state, Brazil. The present work is a cross-sectional study of 450 elders aged 60 years or older included in the 2008 National Household Sample Survey. The prevalence of socioeconomic, demographic, health and habit indicators and of risk factors were estimated in white, brown and black racial categories that were self-reported by the survey participants. The chi-square test was used for comparisons (a=5%). The majority of the elderly respondents identified themselves as brown (66.4%) or white (23.3%). There were significant socioeconomic, demographic, habit and lifestyle differences among the racial groups. Most of the black and brown elderly lived alone, reported lower educational levels and were in the lowest quintile for income. These respondents were also highly dependent on the Unified Health System (Sistema Único de Saúde - SUS), exhibited low rates of screening mammograms and lower physical activity levels and had a greater proportion of smokers. However, there was no difference in the prevalence of health indicators or in the proportion of elderly by gender, age, social role in the family or the urban-rural location of the household. These results indicate the presence of racial inequalities in the socioeconomic and demographic status and in the practice of healthy habits and lifestyles among elderly from Maranhão, but suggest equity in health status. The results also suggest the complexity and challenges of interlinking race with socioeconomic aspects, and the findings reinforce the need for the implementation of public policies for these population groups.

Insatisfação com a imagem corporal em universitárias brasileiras

A insatisfação com a imagem corporal é avaliada por meio da diferença entre a figura real e a idealizada e pode influenciar comportamentos alimentares. OBJETIVO: Avaliar a insatisfação corporal de universitárias do sexo feminino nas cinco regiões do país e possíveis associações e correlações com a idade, o estado nutricional, a renda e o grau de escolaridade do chefe da família. MÉTODOS: 2.402 universitárias responderam à Escala de Silhuetas de Stunkard. As regiões foram comparadas por meio da análise de variância; correlações entre as variáveis foram analisadas pelos coeficientes de Pearson e Spearman. RESULTADOS: 64,4% gostariam de ser menores do que sua figura atual, e mesmo as estudantes eutróficas escolheram figuras saudável e ideal menores. Na região Norte foram apontados os mais magros padrões ideais e de saúde e na região Centro-Oeste, os maiores. CONCLUSÃO: A ocorrência de insatisfação corporal foi bastante expressiva, com algumas diferenças regionais e sociodemográficas que devem ser consideradas.

Lower NPAS3 expression during the later stages of abnormal lung development in rat congenital diaphragmatic hernia

Purpose Congenital diaphragmatic hernia (CDH) is characterized by a developmental defect in the diaphragm, pulmonary hypoplasia and pulmonary hypertension. NPAS3 is a PAS domain transcription factor regulating Drosophila tracheogenesis. NPAS3 null mice develop pulmonary hypoplasia in utero and die after birth due to respiratory failure. We aimed to evaluate NPAS3 expres- sion during normal and abnormal lung development due to CDH. Methods CDH was induced by administering 100 mg/ml nitrofen to time-pregnant dams on embryonic day (E) 9 of gestation. Lungs were isolated on E15, E18 and E21 and NPAS3 localization was determined by immunohisto- chemistry and quantified using Western blotting. Results We found that only E21 hypoplastic CDH lungs have reduced expression of NPAS3 in the terminal sac- cules. Western blotting confirmed the down-regulation of NPAS3 protein in the nitrofen-induced hypoplastic lungs. Conclusions We demonstrate for the first time that ni- trofen-induced hypoplastic CDH lungs have reduced NPAS3 expression in the terminal saccules during the later stages of abnormal lung development. Our findings suggest that NPAS3 is associated with pulmonary hypoplasia in CDH.

Redefining the MED13L syndrome

Congenital cardiac and neurodevelopmental deficits have been recently linked to the mediator complex subunit 13-like protein MED13L, a subunit of the CDK8-associated mediator complex that functions in transcriptional regulation through DNA-binding transcription factors and RNA polymerase II. Heterozygous MED13L variants cause transposition of the great arteries and intellectual disability (ID). Here, we report eight patients with predominantly novel MED13L variants who lack such complex congenital heart malformations. Rather, they depict a syndromic form of ID characterized by facial dysmorphism, ID, speech impairment, motor developmental delay with muscular hypotonia and behavioral difficulties. We thereby define a novel syndrome and significantly broaden the clinical spectrum associated with MED13L variants. A prominent feature of the MED13L neurocognitive presentation is profound language impairment, often in combination with articulatory deficits.

Capacidade funcional máxima e função diastólica em portadores de cardiomiopatia chagásica sem insuficiência cardíaca congestiva

OBJETIVO: Identificar disfunções cardíacas precoces em pacientes assintomáticos com cardiomiopatia chagásica. MÉTODOS: Foram estudados 38 indivíduos masculinos, sendo o grupo controle constituído de 20 indivíduos sedentários normais e o grupo Chagas de 18 pacientes assintomáticos, portadores da doença de Chagas, com eletrocardiograma alterado e fração de encurtamento (DD) normal ao ecocardiograma. Ambos os grupos foram submetidos à avaliação da capacidade funcional máxima, com medidas do consumo máximo de oxigênio (VO2max), índice de pulso de oxigênio (PO2max), ventilação máxima (VE max), freqüência cardíaca máxima (FC max), e limiar anaeróbio do VO2max (LA-VO2). A função diastólica do ventrículo esquerdo foi avaliada pelo ecocardiograma convencional (ondas E e A além da relação E/A). RESULTADOS: Não ocorreram diferenças significativas entre os dois grupos em relação ao DD (p=0,212) e a idade média (p=0,060). Houve diferença significativa (p<0,001) em relação aos parâmetros VO2max, PO2max, VE max, FC max, LA-VO2, onda E e relação E/A. Não houve significância (p=0,520) em relação a onda A. CONCLUSÃO: O comprometimento na função ventricular pode contribuir para as diferenças acima mencionadas, como conseqüência de disfunção sistólica e diastólica.