...Cabot/Koppers Superfund Remediation Site Overview and Investigation Site history and background: The Cabot Carbon-Koppers Superfund location is a past industrial place in Gainesville, FL. It legitimately stopped its processing and wood-treating actions in 2010. The site initially opened in 1912 and the approximately 90 acre site was utilized as a wood-treating facility for about 90 years. In fact, wood-treating process initiated with the usage of creosote in 1916 that basically was phased out of use in 1992. Throughout the 1960’s, two extra chemical treatments were also used which comprised chromated copper arsenate and pentachlorophenol. Throughout the functioning period, the chemical wastes were discharged and trickled onto the soil during processing as well of disposed of in unlined lagoons on Cabot/Koppers location. These particular wastewater lagoons have been roofed, and graded; although, for several years, they performed as major source zones for contamination to the top soil, surficial aquifer, subsurface soil matrix, as well as the Upper and Lower Hawthorne clay layers into that contaminants have entered. The Hawthorne Clay layers have also proceeded as a comparative barrier to the Upper Transmissive Region of the Floridian Aquifer, where there is also some indication of trace constituents of concern. The facility was proposed as a National Priorities List (NPL) in August of 1983. Ultimately, it was added to the list in September of 1984, therefore formally making...
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...This page intentionally left blank Office of Solid Waste And Emergency Response (5102G) EPA 542-R-04-015 September 2004 www.epa.gov/tio clu-in.org/marketstudy Cleaning Up the Nation’s Waste Sites: Markets and Technology Trends 2004 Edition This page intentionally left blank Notice Preparation of this report has been funded wholly or in part by the United States Environmental Protection Agency (EPA) under contract number 68-W-03-038. Mention of trade names or commercial products does not constitute endorsement or recommendations for use. This document is intended for information purposes and does not create new nor alter existing Agency policy or guidance. The document does not impose any requirements or obligations on EPA, states, other federal agencies, or the regulated community. A limited number of printed copies of Cleaning Up the Nation’s Waste Sites: Markets and Technology Trends, 2004 Edition is available free of charge by mail or by facsimile from: U.S. EPA/National Service Center for Environmental Publications (NSCEP) P.O. Box 42419 Cincinnati, OH 45242-2419 Telephone: 513-489-8190 or 800-490-9198 Fax: 513-489-8695 A portable document format (PDF) version of this report is available for viewing or downloading from the Hazardous Waste Cleanup Information (CLU-IN) web site at http://clu-in.org/marketstudy. Printed copies can also be ordered through that web address, subject to availability. For More Information For more information about remediation...
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...80R 01mackenzie (ds) Page 349 Thursday, July 24, 2003 3:04 PM Economy and Society Volume 32 Number 3 August 2003: 349–380 Long-Term Capital Management and the sociology of arbitrage Donald MacKenzie Abstract Arbitrage is a key process in the practice of financial markets and in their theoretical depiction: it allows markets to be posited as efficient without all investors being assumed to be rational. This article explores the sociology of arbitrage by means of an examination of the arbitrageurs, Long-Term Capital Management (LTCM). LTCM’s 1998 crisis is analysed using both qualitative, interview-based data and quantitative examination of price movements. It is suggested that the roots of the crisis lay in an unstable pattern of imitation that had developed in the markets within which LTCM operated. As the resulting ‘superportfolio’ began to unravel, arbitrageurs other than LTCM fled the market, even as arbitrage opportunities became more attractive, causing huge price movements against LTCM. Three features of the sociology of arbitrage are discussed: its conduct by people often personally known to each other; the possibility and consequences of imitation; and the limits on the capacity of arbitrage to close price discrepancies. It is suggested that by 1998 imitative arbitrage formed a ‘global microstructure’ in the sense of Knorr Cetina and Bruegger. Keywords: arbitrage; economic sociology; imitation; Long-Term Capital Management (LTCM); globalization;...
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