O impacto da utilização da estrutura de listagem em BDR na precificação dos ativos após o evento Agrenco : uma análise em série temporal com quebra estrutural

Este trabalho tem por objetivo verificar o impacto que más práticas na gestão da Agrenco, empresa listada na bolsa de valores brasileira sob a forma de BDRs (Brazilian Depositary Receipts), trouxe para a precificação dos demais ativos listados sob a mesma estrutura. Estudos anteriores, como os de Saudagaran (1988) e Pagano (2001), focaram em temas referentes aos motivos que influenciaram as companhias a listarem suas ações em diferentes bolsas. Entender as conseqüências do evento Agrenco é importante para todos os participantes do mercado financeiro. O estudo contemplou uma amostra das principais empresas listadas sobre a forma de BDRs desde a data de seus IPOs até 26/08/2008. Primeiramente efetuou-se uma análise do comportamento gráfico dos preços dos ativos das BDRs listadas. Posteriormente elaborou-se três regressões múltiplas utilizando-se um modelo de série temporal (modelo AR – auto-regressivo), com análise de quebra estrutural e uso de variável Dummy. A primeira regressão relaciona a variável Agrenco com índices de BDRs constituídos especificamente para este estudo, a segunda inclui uma variável Dummy de intercepto e a terceira combina a variável Dummy de intercepto com uma variável Dummy de inclinação. As regressões têm o objetivo de se averiguar se o evento da Agrenco afetou sistematicamente os preços das ações listadas sob a mesma forma. A maior contribuição do estudo foi verificar que a má prática de gestão na Agrenco, listada sob a forma de BDR, contaminou o retorno de outras empresas que se utilizaram do mesmo veículo como fonte de captação de recursos. Os resultados apontaram, pela análise gráfica, que não houve um descolamento da valorização da maior parte das ações uma semana depois do anúncio dos problemas financeiros da Agrenco em relação a carteira téorica de mercado (IBOVESPA). Entretanto, os resultados dos testes econométricos apontaram que houve impacto do evento Agrenco sobre os retornos das ações listadas sob a forma de BDR.

Elevated Amygdala Activity to Sad Facial Expressions: A State Marker of Bipolar but Not Unipolar Depression

Background: Difficulties in emotion processing and poor social function are common to bipolar disorder (BD) and major depressive disorder (MDD) depression, resulting in many BID depressed individuals being misdiagnosed with MDD. The amygdala is a key region implicated in processing emotionally salient stimuli, including emotional facial expressions. It is unclear, however, whether abnormal amygdala activity during positive and negative emotion processing represents a persistent marker of BD regardless of illness phase or a state marker of depression common or specific to BID and MDD depression. Methods: Sixty adults were recruited: 15 depressed with BID type 1 (BDd), 15 depressed with recurrent MDD, 15 with BID in remission (BDr), diagnosed with DSM-IV and Structured Clinical Interview for DSM-IV Research Version criteria; and 15 healthy control subjects (HC). Groups were age- and gender ratio-matched; patient groups were matched for age of illness onset and illness duration; depressed groups were matched for depression severity. The BDd were taking more psychotropic medication than other patient groups. All individuals participated in three separate 3T neuroimaging event-related experiments, where they viewed mild and intense emotional and neutral faces of fear, happiness, or sadness from a standardized series. Results: The BDd-relative to HC, BDr, and MDD-showed elevated left amygdala activity to mild and neutral facial expressions in the sad (p < .009) but not other emotion experiments that was not associated with medication. There were no other significant between-group differences in amygdala activity. Conclusions: Abnormally elevated left amygdala activity to mild sad and neutral faces might be a depression-specific marker in BID but not MDD, suggesting different pathophysiologic processes for BD versus MDD depression.

Disseny i implementació d'una base de dades relacional per a un concessionari de vehicles

Disseny i implementació d'una BDR per a un concessionari i taller mecànic de cotxes.

Disease evolution and outcomes in familial AML with germline CEBPA mutations

In-depth molecular investigation of familial leukemia has been limited by the rarity of recognized cases. This study examines the genetic events initiating leukemia and details the clinical progression of disease across multiple families harboring germ-line CEBPA mutations. Clinical data were collected from 10 CEBPA-mutated families, representing 24 members with acute myeloid leukemia (AML). Whole-exome (WES) and deep sequencing were performed to genetically profile tumors and define patterns of clonal evolution. Germline CEBPA mutations clustered within the N-terminal and were highly penetrant, with AML presenting at a median age of 24.5 years (range, 1.75-46 years). In all diagnostic tumors tested (n = 18), double CEBPA mutations (CEBPAdm) were detected, with acquired (somatic) mutations preferentially targeting the C-terminal. Somatic CEBPA mutations were unstable throughout the disease course, with different mutations identified at recurrence. Deep sequencing of diagnostic and relapse paired samples confirmed that relapse-associated CEBPA mutations were absent at diagnosis, suggesting recurrence was triggered by novel, independent clones. Integrated WES and deep sequencing subsequently revealed an entirely new complement of mutations at relapse, verifying the presentation of a de novo leukemic episode. The cumulative incidence of relapse in familial AML was 56% at 10 years (n = 11), and 3 patients experienced ≥3 disease episodes over a period of 17 to 20 years. Durable responses to secondary therapies were observed, with prolonged median survival after relapse (8 years) and long-term overall survival (10-year overall survival, 67%). Our data reveal that familial CEBPA-mutated AML exhibits a unique model of disease progression, associated with favorable long-term outcomes.

Pollen analysis of modern mangrove systems

Three sediment cores from the Bragança Peninsula located in the coastal region in the north-eastern portion of Pará State have been studied by pollen analysis to reconstruct Holocene environmental changes and dynamics of the mangrove ecosystem. The cores were taken from an Avicennia forest (Bosque de Avicennia (BDA)), a salt marsh area (Campo Salgado (CS)) and a Rhizophora dominated area (Furo do Chato). Pollen traps were installed in five different areas of the peninsula to study modern pollen deposition. Nine accelerator mass spectrometry radiocarbon dates provide time control and show that sediment deposits accumulated relatively undisturbed. Mangrove vegetation started to develop at different times at the three sites: at 5120 14C yr BP at the CS site, at 2170 14C yr BP at the BDA site and at 1440 14C yr BP at the FDC site. Since mid Holocene times, the mangroves covered even the most elevated area on the peninsula, which is today a salt marsh, suggesting somewhat higher relative sea-levels. The pollen concentration in relatively undisturbed deposits seems to be an indicator for the frequency of inundation. The tidal inundation frequency decreased, probably related to lower sea-levels, during the late Holocene around 1770 14C yr BP at BDA, around 910 14C yr BP at FDC and around 750 14C yr BP at CS. The change from a mangrove ecosystem to a salt marsh on the higher elevation, around 420 14C yr BP is probably natural and not due to an anthropogenic impact. Modern pollen rain from different mangrove types show different ratios between Rhizophora and Avicennia pollen, which can be used to reconstruct past composition of the mangrove. In spite of bioturbation and especially tidal inundation, which change the local pollen deposition within the mangrove zone, past mangrove dynamics can be reconstructed. The pollen record for BDA indicates a mixed Rhizophora/Avicennia mangrove vegetation between 2170 and 1770 14C yr BP. Later Rhizophora trees became more frequent and since ca. 200 14C yr BP Avicennia dominated in the forest.

Elevated amygdala activity to sad facial expressions:a state marker of bipolar but not unipolar depression

Background - Difficulties in emotion processing and poor social function are common to bipolar disorder (BD) and major depressive disorder (MDD) depression, resulting in many BD depressed individuals being misdiagnosed with MDD. The amygdala is a key region implicated in processing emotionally salient stimuli, including emotional facial expressions. It is unclear, however, whether abnormal amygdala activity during positive and negative emotion processing represents a persistent marker of BD regardless of illness phase or a state marker of depression common or specific to BD and MDD depression. Methods - Sixty adults were recruited: 15 depressed with BD type 1 (BDd), 15 depressed with recurrent MDD, 15 with BD in remission (BDr), diagnosed with DSM-IV and Structured Clinical Interview for DSM-IV Research Version criteria; and 15 healthy control subjects (HC). Groups were age- and gender ratio-matched; patient groups were matched for age of illness onset and illness duration; depressed groups were matched for depression severity. The BDd were taking more psychotropic medication than other patient groups. All individuals participated in three separate 3T neuroimaging event-related experiments, where they viewed mild and intense emotional and neutral faces of fear, happiness, or sadness from a standardized series. Results - The BDd—relative to HC, BDr, and MDD—showed elevated left amygdala activity to mild and neutral facial expressions in the sad (p < .009) but not other emotion experiments that was not associated with medication. There were no other significant between-group differences in amygdala activity. Conclusions - Abnormally elevated left amygdala activity to mild sad and neutral faces might be a depression-specific marker in BD but not MDD, suggesting different pathophysiologic processes for BD versus MDD depression.

Diagnosis of retinopathy in children younger than 12 years of age:implications for the diabetic eye screening guidelines in the UK

Aim: To assess whether the current starting age of 12 is suitable for diabetic retinopathy (DR) screening and whether diabetes duration should be taken into account when deciding at what age to start screening patients. Materials and methods: A retrospective analysis of 143 patients aged 12 years or younger who attended diabetic eye screening for the first time in the Birmingham, Solihull and Black Country Diabetic Eye Screening Programme was performed. Results: The mean age of the patients was 10.7 (7-12) years with 73 out of 143 aged below 12 years and 70 were 12 years of age. 98% had type 1 diabetes and mean diabetes duration was 5 (1 month-11 years) years. For those younger than 12 years, 7/73 (9.6%) had background DR (BDR), of these mean diabetes duration was 7 years (6-8). The youngest patient to present with DR was aged 8 years. In those aged 12 years, 5/70 (7.1%) had BDR; of these mean diabetes duration was 8 years (6-11). No patient developed DR before 6 years duration in either group. Conclusions: The results show that no patient younger than the age of 12 had sight-threatening DR (STDR), but BDR was identified. Based on the current mission statement of the Diabetic Eye Screening Programme to identify STDR, 12 years of age is confirmed as the right age to start screening, but if it is important to diabetic management to identify first development of DR, then screening should begin after 6 years of diabetes diagnosis.

Posterior Probability Modeling and Image Classification for Archaeological Site Prospection: Building a Survey Efficacy Model for Identifying Neolithic Felsite Workshops in the Shetland Islands

The application of custom classification techniques and posterior probability modeling (PPM) using Worldview-2 multispectral imagery to archaeological field survey is presented in this paper. Research is focused on the identification of Neolithic felsite stone tool workshops in the North Mavine region of the Shetland Islands in Northern Scotland. Sample data from known workshops surveyed using differential GPS are used alongside known non-sites to train a linear discriminant analysis (LDA) classifier based on a combination of datasets including Worldview-2 bands, band difference ratios (BDR) and topographical derivatives. Principal components analysis is further used to test and reduce dimensionality caused by redundant datasets. Probability models were generated by LDA using principal components and tested with sites identified through geological field survey. Testing shows the prospective ability of this technique and significance between 0.05 and 0.01, and gain statistics between 0.90 and 0.94, higher than those obtained using maximum likelihood and random forest classifiers. Results suggest that this approach is best suited to relatively homogenous site types, and performs better with correlated data sources. Finally, by combining posterior probability models and least-cost analysis, a survey least-cost efficacy model is generated showing the utility of such approaches to archaeological field survey.

Primary biliary cirrhosis: proposal for a new simple histological scoring system

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