...Introduction This essay will discussed one of the most controversial environmental issue climate change along with some of the facts including how people first discover that climate change does existed; as well as legitimation in climate change globally; public debate; and the way in which government response to this issue. Furthermore this paper will discuss the role of science to identify the existence of climate change. Identification and legitimation of the issue Climate change is one of the biggest environmental challenges that the world encounters. It has obvious impact on our planet causing higher temperature, shifting seasons, sea levels rising. These phenomenon are closely tide up with world’s economic as it affect businesses around the world. The British government report warned if no action is taken to control carbon emissions climate change would cost 5 to 20 percent of the annual global gross domestic product. (Climate change impacts, 2011). The United Nation’s intergovernmental Panel on Climate change published a report in 2007 regarding the discovery of Global Warming since the 20th Century. (IPCC, 2011). The possible reason for this phenomenon may be caused by human activity. The appropriate definition is explained by the IPCC, which states that climate change is “a change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability...
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...“These eruptions occur when immense magnetic structures in the solar atmosphere lose their stability and can no longer be held down by the Sun’s huge gravitational pull. Just like a coiled spring suddenly being released, they erupt into space.” This means we have a very good chance of seeing major and prolonged effects, such as the northern lights at low latitudes.” The solar explosion that causes the tsunami has been observed by many satellites along with the Solar Dynamic Observatory, NASA. The blasts will reach to a maximum level in 2020 it is estimated. Along with this blast there was another blast of cold air circumference of the sun’s northern pole. A huge cloud has been thrown in to the space with these related developments. This paper focuses on the global changes caused by the future solar activity and also presented pre actions for safe guarding our lives. Key Words: Coronal mass Ejection, Solar storms, Magneto Hydro Dynamic Waves, Solar electric repulsion, Faraday Cage INTRODUCTION: The sun is hot, bright and enormous. Its surface is a veritable caldron of white-hot matter more turbulent than anything on this planet. The biggest volcano, the strongest earthquake, the tallest tsunami does not even come close to the power unleashed every day from the surface of the sun. Solar Tsunami,It is a towering wave of hot plasma racing...
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...Board of Governors of the Federal Reserve System International Finance Discussion Papers Number 848 December 2005 Fighting Against Currency Depreciation, Macroeconomic Instability and Sudden Stops Luis-Felipe Zanna NOTE: International Finance Discussion Papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to International Finance Discussion Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. Recent IFDPs are available on the Web at www.federalreserve.gov/pubs/ifdp/. Fighting Against Currency Depreciation, Macroeconomic Instability and Sudden Stops∗ Luis-Felipe Zanna† First Draft: October 2002 This Draft: November 2005 Abstract In this paper we show that in the aftermath of a crisis, a government that changes the nominal interest rate in response to currency depreciation can induce aggregate instability in the economy by generating self-fulfilling endogenous cycles. In particular if a government raises the interest rate proportionally more than an increase in currency depreciation then it induces self-fulfilling cyclical equilibria that are able to replicate some of the empirical regularities of emerging market crises. We construct an equilibrium characterized by the self-validation of people’s expectations about currency depreciation and by the following stylized facts of the “Sudden Stop” phenomenon: a decline...
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...Current financial crisis Economic growth involves metamorphosis of the financial system. Forms of banks and bank money change. These changes, if not addressed, leave the banking system vulnerable to crisis. There is no greater challenge in economics than to understand and prevent financial crises. The financial crisis of 2007-2008 provides the opportunity to reassess our understanding of crises. All financial crises are at root bank runs, because bank debt—of all forms—is vulnerable to sudden exit by bank debt holders. The current crisis raises issues for crisis theory. And, empirically, studying crises is challenging because of small samples and incomplete data. *Written as a contribution for Trade, Globalization and Development: Essays in Honor of Kalyan Sanyal, edited by Sugata Marjit and Rajat Acharya (Springer Verlag; forthcoming). Some of this essay draws from material in my book Misunderstanding Financial Crises (Oxford University Press; forthcoming November 2012). I worked at AIG Financial Products as a consultant from 1996-2008. I thank Doug Diamond, Bengt Holmström, Arvind Krishnamurthy, and Guillermo Ordoňez for comments.1 1. Introduction Economic development does not result in the elimination of financial crises. The recent financial crisis of 2007-2009 in the United States and Europe shows that market economies, however much they grow and change, are still susceptible to collapse or near-collapse from financial crisis. This is a staggering thought...
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...International Journal of Applied Engineering Research ISSN 0973-4562 Volume 8, Number 16 (2013) pp. 1937-1943 © Research India Publications http://www.ripublication.com/ijaer.htm Ionospheric Electron Density Analysis using Empirical Orthogonal Functions Bhagyasree Nimmagadda, A.L Siridhara, D.Venkata Ratnam Department Of ECE in affiliation to K L University K L University (KoneruLakshmaiah Education Foundation) Vaddeswaram, Andhra Pradesh, India. Email: dvratnam@kluniverity.in Abstract Ionospheric electron density variations are more predominant error sources in precise positioning with Global Positioning System (GPS) based navigation systems over low latitude regions such as India and Brazil. spatial and temporal variability is more in this region due to Equatorial Ionospheric Anomaly (EIA), Spread F and ionospheric scintillations etc. Short and long term ionospheric changes such as the solar cycle, the annual and semiannual variations of the ionosphere needs to be investigated for improving reliable communication and navigation systems. In this paper, EOF analysis is used to investigate the spatial and temporal distribution of ionospheric electron density. An empirical model is implemented based on coefficients and basis functions obtained from the EOF analysis. It is evident from the results that the coefficients of EOF basis functions well signify the solar activity, diurnal variations of electron density. Keywords: GPS, EOF, TEC and IRI model 1. Introduction: The...
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...crises have been pervasive phenomena throughout history. Bordo et al. (2001) find that their frequency in recent decades has been double that of the Bretton Woods Period (1945-1971) and the Gold Standard Era (1880-1993), comparable only to the Great Depression. Nevertheless, the financial crisis that started in the summer of 2007 came as a great surprise to most people. What initially was seen as difficulties in the US subprime mortgage market, rapidly escalated and spilled over to financial markets all over the world. The crisis has changed the financial landscape worldwide and its costs are yet to be evaluated. The purpose of this paper is to concisely survey the literature on financial crises. Despite its severity and its ample effects, the current crisis is similar to past crises in many dimensions. In a recent series of papers, Reinhart and Rogoff (2008a, 2008b, 2009) document the effects of banking crises using an extensive data set of high and middle-to-low income countries. They find that systemic banking crises are typically preceded by credit booms and asset price bubbles. This is consistent with Herring and Wachter (2003) who show that many financial crises are the result of bubbles in real estate markets. In addition, Reinhart and Rogoff find that crises result, on average, in a 35% real drop in housing prices spread over a period of 6 years. Equity prices fall 55% over 3 ½ years. Output falls by 9% over two years, while unemployment rises 7% over a...
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...|Objectives | | |By the end of this lesson, students will be able to: | | |describe the scientific method and its effect on Western Europe | | |distinguish between the scientists Copernicus, Kepler, Galileo, Newton, and Harvey and their works | | |compare the political theories of Hobbes and Locke | | |explain how science and philosophy influenced one another during the Enlightenment | | |explain the term enlightened despot, using the model of Frederick II of Prussia | | |Click here for the course glossary | | |Click here for a Timeline of The Enlightenment and Scientific Revolution | | |This lesson discusses European society between 1600 and 1800--an era marked by the power of ideas and rational | | |thinking. The term Scientific Revolution is used to describe the growing acceptance and influence of the scientific| | |method and the belief that...
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...The effects of global warming on the environment and human life are numerous and varied. Scenarios studied by the Intergovernmental Panel on Climate Change (IPCC) predict that global warming will continue and get worse much faster than was expected even in their last report. Research by NOAA indicate that the effects of global warming are already irreversible. The IPCC reports attribute many specific natural phenomena to human causes. The expected long range effects of recent climate change may already be observed. Rising sea levels, glacier retreat, Arctic shrinkage, and altered patterns of agriculture are cited as direct consequences of human activities. Predictions for secondary and regional effects include extreme weather events, an expansion of tropical diseases, changes in the timing of seasonal patterns in ecosystems, and drastic economic impact. Concerns have led to political activism advocating proposals to mitigate, or adapt to it. Geoengineering is a further potential response, which could potentially reverse some effects that may otherwise be irreversible. It is notable that many of the effects of global warming are non-linear in nature, with potential for dramatic positive feedback effects. This means that the climate may enter a critical state where small changes can trigger runaway or abrupt climate change. Geoengineering has been suggested as a means of interrupting or reversing these effects. A notable example of a 'runaway' effect is the release of methane...
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...Marc Prensky Digital Natives Digital Immigrants ©2001 Marc Prensky _____________________________________________________________________________ Digital Natives, Digital Immigrants By Marc Prensky From On the Horizon (NCB University Press, Vol. 9 No. 5, October 2001) © 2001 Marc Prensky It is amazing to me how in all the hoopla and debate these days about the decline of education in the US we ignore the most fundamental of its causes. Our students have changed radically. Today’s students are no longer the people our educational system was designed to teach. Today’s students have not just changed incrementally from those of the past, nor simply changed their slang, clothes, body adornments, or styles, as has happened between generations previously. A really big discontinuity has taken place. One might even call it a “singularity” – an event which changes things so fundamentally that there is absolutely no going back. This so-called “singularity” is the arrival and rapid dissemination of digital technology in the last decades of the 20th century. Today’s students – K through college – represent the first generations to grow up with this new technology. They have spent their entire lives surrounded by and using computers, videogames, digital music players, video cams, cell phones, and all the other toys and tools of the digital age. Today’s average college grads have spent less than 5,000 hours of their lives reading, but over 10,000 hours playing video games (not to mention...
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...This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: G7 Current Account Imbalances: Sustainability and Adjustment Volume Author/Editor: Richard H. Clarida, editor Volume Publisher: University of Chicago Press Volume ISBN: 0-226-10726-4 Volume URL: http://www.nber.org/books/clar06-2 Conference Date: June 1-2, 2005 Publication Date: May 2007 Title: The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account Author: Aart Kraay, Jaume Ventura URL: http://www.nber.org/chapters/c0124 11 The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account Aart Kraay and Jaume Ventura 11.1 Introduction Since the early 1990s, the United States has experienced steadily widening current account deficits, reaching 5.7 percent of gross national product (GNP) in 2004 (see top panel of figure 11.1). These deficits are large relative to the postwar U.S. historical experience. With the exception of a brief period in the mid-1980s where current account deficits reached 3.3 percent of GNP, the U.S. current account has typically registered small surpluses or deficits averaging around 1 percent of GNP. As a consequence of the recent deficits, the U.S. net foreign asset position has declined sharply from –5 percent of GNP in 1995 to about –26 percent by the end of 2004 (see bottom panel of figure 11.5). The goal of this paper is to provide an account of this decline that relates it to other major macroeconomic events and helps us to...
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...HUE UNIVERSITY COLLEGE OF FOREIGN LANGUAGES DEPARTMENT OF ENGLISH ------***------ NGUYEN VAN TUAN TRANSLATION 5 HUE - 2006 1 INTRODUCTION TRANSLATION 5 is a basic course book written for the second-year students of the Department of English, College of Foreign Languages, Hue University. It is intended to equip the students with an overview of translating Vietnamese and English scientific texts. It also helps the students get familiar with the terms related to science and technology as well as the typical structures frequently used in scientific and technological texts. Since the course book has been written for the students to learn either by themselves or in class with a teacher, there will be a course book and assignments. The course book contains the Vietnamese and English socio-politic texts with notes and suggested translations. The assignments contain the Vietnamese and English socio-politic texts that will be translated into either English or Vietnamese by the students. By the end of the course, the students will be able to: - obtain general knowledge of the Vietnamese and English scientific and technological documents. - get familiar with and effectively use scientific and technological terms and typical structures of scientific and technological texts in their translations. - accurately translate scientific and technological texts into English and Vietnamese. On the completion of this course book, I would like to express...
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...Essays in Accounting Theory: Corporate Earnings Management in a Dynamic Setting and Public Disclosure in the Financial Services Industry A Dissertation Presented to the Faculty of the Graduate School of Yale University in Candidacy for the Degree of Doctor of Philosophy by Kai Du Dissertation Director: Shyam Sunder December 2012 c 2012 by Kai Du All rights reserved. Abstract Essays in Accounting Theory: Corporate Earnings Management in a Dynamic Setting and Public Disclosure in the Financial Services Industry Kai Du 2012 This dissertation consists of three essays on the interactions between economic fundamentals and accounting information in three different settings: an infinite-horizon financial reporting problem, a coordination game with trading in the secondary market, and a bank which provides risk sharing among demand depositors. In the first essay, I propose a dynamic model of corporate earnings management in which investors have different expectations schemes. I find that while earnings management may exist when investors have rational expectations or misspecified Bayesian beliefs, it disappears in the long run of an adaptive learning process. The model also offers ample predictions on the time-series properties of asset prices and return predictabilities. The second essay studies the role of public disclosure by a distressed firm whose creditors engage in a coordination game with trading. I find that conditioned on the private information...
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...• English/US • Answers • Store • Outreach • Media • Kids • Education • Donate • Answers in Genesis • Answers • Animals • Dinosaurs • Dinosaur Extinction • The Extinction of the Dinosaurs The Extinction of the Dinosaurs by Michael J. Oard on August 1, 1997 Share: • • • • Originally published in Journal of Creation 11, no 2 (August 1997): 137-154. Shop Now First published: TJ (now Journal of Creation) 11(2):137–154 August 1997 by Michael J. Oard Dinosaur extinction is still a major enigma of earth history. In this review article, extinctions in the geological record will be briefly mentioned. Many of the imaginative theories for the extinction of the dinosaurs will also be presented. Within the uniformitarian paradigm, the meteorite impact theory, once considered ‘outrageous’, now is the dominant theory. However, the volcanic theory is still believed by a majority of palaeontologists. Both theories have their strengths and weaknesses. The unscientific behaviour of those involved in the meteorite paradigm change will be briefly explored. Evidence that the dinosaurs died in a cataclysm of global proportions will be presented, such as the huge water-laid dinosaur graveyards found over the earth. Occasional monospecific bone-beds and the rarity of fossils of very young dinosaurs suggest a catastrophic death and burial. The billions of dinosaur tracks recently discovered provide testimony to unusual, stressful conditions. Nests, eggs, and babies...
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...Dinosaur extinction is still a major mystery of earth history. In this review article, extinctions in the geological record will be briefly mentioned. Many of the imaginative theories for the extinction of the dinosaurs will also be presented. Within the uniformitarian paradigm, the meteorite impact theory, once considered ‘outrageous’, now is the dominant theory. However, the volcanic theory is still believed by a majority of paleontologists. Both theories have their strengths and weaknesses. The unscientific behavior of those involved in the meteorite paradigm change will be briefly explored. Evidence that the dinosaurs died in a cataclysm of global proportions will be presented, such as the huge water-laid dinosaur graveyards found over the earth. Occasional nonspecific bone-beds and the rarity of fossils of very young dinosaurs suggest a catastrophic death and burial. The billions of dinosaur tracks recently discovered provide testimony to unusual, stressful conditions. Nests, eggs, and babies are a challenge to a Flood model, but there are enough unknowns associated with the data that solid conclusions are difficult to draw. The part that impacts and volcanism play in a Flood paradigm will be briefly discussed. The question of whether the K/T boundary and the extinction of the dinosaurs should be considered a synchronous event within the Flood will be considered. Introduction Dinosaurs bring wonder to children and adults alike. That such great beasts once roamed the earth...
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...Interested in learning more about security? SANS Institute InfoSec Reading Room This paper is from the SANS Institute Reading Room site. Reposting is not permitted without express written permission. Analyzing Man-in-the-Browser (MITB) Attacks The Matrix is real and living inside your browser. How do you ask? In the form of malware that is targeting your financial institutions. Though, the machines creating this malware do not have to target the institution, rather your Internet browser. By changing what you see in the browser, the attackers now have the ability to steal any information that you enter and display whatever they choose. This has become known as the Man-in-the-Browser (MITB) attack. AD Copyright SANS Institute Author Retains Full Rights Analyzing Man in the Browser Attacks | 1 Analyzing Man-in-the-Browser (MITB) Attacks GIAC (GCFA) Gold Certification Author: Chris Cain, cicain08@gmail.com Advisor: Dominicus Adriyanto Accepted: December 22nd 2014 Abstract The Matrix is real and living inside your browser. How do you ask? In the form of malware that is targeting your financial institutions. Though, the machines creating this malware don’t have to target the institution, rather your Internet browser. By changing what you see in the browser, the attackers now have the ability to steal any information that you enter and display whatever they choose. This has become known as the Man-in-the-Browser (MITB) attack. No one is safe from ...
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