Correlation of financial markets in times of crisis

Using the eigenvalues and eigenvectors of correlations matrices of some of the main financial market indices in the world, we show that high volatility of markets is directly linked with strong correlations between them. This means that markets tend to behave as one during great crashes. In order to do so, we investigate financial market crises that occurred in the years 1987 (Black Monday), 1998 (Russian crisis), 2001 (Burst of the dot-com bubble and September 11), and 2008 (Subprime Mortgage Crisis), which mark some of the largest downturns of financial markets in the last three decades.     

New enantioselective entry to cycloheptane amino acid polyols

[reaction: see text] A diversity-oriented protocol has been developed for the assembly of densely hydroxylated cycloheptane amino acids via succession of a vinylogous Mukaiyama aldol reaction (VMAR), a Morita-Baylis-Hillman reaction (MBHR), and an intramolecular pinacol coupling reaction (IPCR). The plan utilizes D- or L-configured glyceraldehyde derivatives as "chiral" surrogates of glyoxal and N-[(tert-butoxycarbonyl)-2-(tert-butyldimethylsilyl)oxy]pyrrole as the synthetic equivalent of the alpha,gamma-dianion of gamma-aminobutanoic acid. The parallel, asymmetric syntheses of four cycloheptane representatives proceed with high diastereocontrol and virtually complete enantioselectivity in ten steps and overall yields of 15-37%.     

Scanning electron microscopy examination of endothelium morphology in human carotid plaques

In recent years, experimental and clinical evidence has been provided regarding endothelial dysfunction and its contribution to the inflammatory process leading to atherosclerotic plaque formation. All the techniques employed direct to the study of endothelial dysfunction, however usually require isolation of endothelial cells and therefore tissue manipulation and destruction, with subsequent loss of information regarding morphology and topographical distribution of the lesions.By means of scanning electron microscopy (SEM), we have investigated the characteristics of the endothelial layer in carotid specimens obtained from subjects undergoing carotid endarterectomy. Carotid specimens obtained from 6 patients undergoing carotid endarterectomy for stenosis ≥ 70% were fixed, prepared and examined by use of SEM in a direct mode.All the plaque specimens showed increased thickness of subendothelial connective tissue with respect to post-mortem tissue obtained from an healthy subject. Endothelial layers were typically detached from the basal lamina surface and infiltrating cells (mainly erythrocytes and, possibly, monocytes) could be identified. Endothelial cells in proximity of the plaques had irregular shape, with prominent nuclei. In several areas, the endothelial layer was completely absent and basal lamina completely uncovered.In the present study, by using SEM analysis, the morphological features of dysfunctional endothelium in human carotid plaques were extensively documented at the ultrastructural level. SEM is a powerful investigational technique which allows tridimensional examination of specimens without disruption of the originary morphology.     

Differentiation of human bone marrow stem cells into cells with a neural phenotype: diverse effects of two specific treatments

Background  

It has recently been demonstrated that the fate of adult cells is not restricted to their tissues of origin. In particular, it has been shown that bone marrow stem cells can give rise to cells of different tissues, including neural cells, hepatocytes and myocytes, expanding their differentiation potential.     

Asymptotic Expansion of Solutions of an Elliptic Equation Related to the Nonlinear Schrödinger Equation

We study the radially symmetric blow-up solutions of the nonlinear Schrödinger equation. We give a method for developing such a solution in a series which represents it asymptotically.     

An electron microscopy study of the crystal growth of schwertmannite needles through oriented aggregation of goethite nanocrystals

The formation of the iron oxyhydroxide schwertmannite has been monitored by time-resolved transmission electron microscopy (TEM) studies. Schwertmannite aggregates are found to form initially as spherical agglomerates of ferrihydrite crystallites, which then begin to grow characteristic needles on their surfaces. High-resolution images of the needles show that they are initially comprised of aligned goethite nanocrystals, which subsequently coarsen to form crystallographically coherent needles of goethite. Thus, needle formation on schwertmannite aggregates can be considered as the first stage in the phase transformation from schwertmannite to goethite. The results of this study suggest that schwertmannite is not a distinct mineral phase, but may be a mixture of ferrihydrite and poorly crystalline goethite with a distinctive morphology directed by the presence of surface-adsorbed sulfate anions.     

A two-dimensional strip cutting problem with sequencing constraint

We study a strip cutting problem that arises in the production of corrugated cardboard. In this context, rectangular items of different sizes are obtained by machines, called corrugators, that cut strips of large dimensions according to particular schemes containing at most two types of items. Because of buffer restrictions, these schemes have to be sequenced in such a way that, at any moment, at most two types of items are in production and not completed yet (sequencing constraint). We show that the problem of finding a set of schemes of minimum trim loss that satisfies an assigned demand for each item size is strongly NP-hard, even if the sequencing constraint is relaxed. Then, we present two heuristics for the problem with the sequencing constraint, both based on a graph characterization of the feasible solutions. The first heuristic is a two-phase procedure based on a mixed integer linear programming model. The second heuristic follows a completely combinatorial approach and consists of solving a suitable sequence of minimum cost matching problems. For both procedures, an upper bound on the number of schemes (setups) is found. Finally, a computational study comparing the quality of the heuristic solutions with respect to an LP lower bound is reported.     

Improved method for plasma ADMA, SDMA, and arginine quantification by field-amplified sample injection capillary electrophoresis UV detection

Here, we describe an easy field-amplified sample injection capillary electrophoresis method with UV detection for the separation and detection of free plasma arginine and dimethylated arginines. The analytes were baseline-separated within 22?min by using 50?mmol/L Tris phosphate pH 2.3 as running buffer. The plasma samples were treated with acetonitrile/ammonia for protein elimination, the supernatants were dried, re-swollen in water and directly injected in the capillary without complex cleanup by solid phase extraction and/or tedious sample derivatization procedures. Due to the stacking effects of the electrokinetic injection, it was possible to operate a consistent on-line pre-concentration of the analytes before running the electrophoresis. This procedure allowed to reach a detection limit in the real sample of 10?nmol/L for dimethylated arginines and 20?nmol/L for arginine, thus improving about threefold our previous method, that required a more complicated pre-analytical procedure to concentrate samples. The recovery of plasma ADMA was 99-104% and inter-day CV was less than 3%. The assay performance was evaluated measuring the levels of arginine and its dimethyl derivatives in 50 subjects. The statistical tests for the methods comparison suggest that the data obtained by our new method and by our previous CE assay are similar.     

Macroporous WO3 thin films active in NH3 sensing: role of the hosted Cr isolated centers and Pt nanoclusters

Macroporous WO(3) films with inverted opal structure were synthesized by one-step procedure, which involves the self-assembly of the spherical templating agents and the simultaneous sol-gel condensation of the semiconductor alkoxide precursor. Transition metal doping, aimed to enhance the WO(3) electrical response, was carried out by including Cr(III) and Pt(IV) centers in the oxide matrix. It turned out that Cr remains as homogeneously dispersed Cr(III) centers inside the WO(3) host, while Pt undergoes reduction and aggregation to form nanoclusters located at the oxide surface. Upon interaction with NH(3), the electrical conductivity of transition metal doped-WO(3) increases, especially in the presence of Pt dopant, resulting in outstanding sensing properties (S = 110 ± 15 at T = 225 °C and [NH(3)] = 74 ppm). A mechanism was suggested to explain the excellent electrical response of Pt-doped films with respect to the Cr-doped ones. This associates the easy chemisorption of ammonia on the WO(3) nanocrystals, promoted by the inverted opal structure, with the catalytic action exerted by the surface Pt nanoclusters on the N-H bond dissociation. The overall results indicate that in Pt-doped WO(3) films the effects of the macroporosity positively combine with the electrical sensitization promoted by the metal nanoclusters, thus providing very lightweight materials which display high functionality even at relatively low temperatures. We expect that this synergistic effect can be exploited to realize other functional hierarchical metal oxide structures to be used as gas sensors or catalysts.