This paper considers multiple measures of risk and return and appraises the performance of equity markets in the cross-section using a non-parametric procedure known as data envelopment analysis (DEA). In the appraisal, measures of risk (return) are treated as input (output) variables of the DEA model and developed and emerging markets are considered separately. The variation in relative performance among emerging markets is generally higher than that of developed markets. However, the overall performance of equity markets is consistent across the conventional and downside frameworks and the impact of risk measures on equity market performance is similar for both market types. Generally, the association between DEA ranking of markets and the ranking obtained with Treynor index are stron...
STRASBOURG, France, Oct. 13, 2011 /PRNewswire/ -- Dow Kokam announced today during the National Days of Public Transportation, an agreement to supply advanced lithium-ion battery systems to Safra, a hybrid bus manufacturer in France. Dow Kokam will provide advanced battery system solutions to Safra's Businova. Businova is a revolutionary urban bus powered by a multi-hybrid engine that draws from three energy sources: an electric engine, a hydraulic motor and combustion engine that work together to automatically power the vehicle. The propulsion system allows for a dramatically more energy- efficient vehicle, and reduces the consumption of diesel by more than 55 percent compared to . The Businova will begin test operations in the French towns of Albi and Toulouse starti...
FOR TWO DECADES, American cities have used public dollars to build convention center space - far more than demand warranted. The result has been a gigantic nationwide surplus of empty meeting facilities, struggling convention centers and vacant hotel rooms. Given the glut, you'd think that cities would stop. Instead, many are spending hundreds of millions of dollars to expand convention centers and open yet more dazzling hotels, arguing that whatever convention business remains will flow to the places with the fanciest amenities. Taxpayers will be on the hook if these investments fall short.
The U.S. Department of Commerce's (DOC) National Institute of Standards and Technology (NIST), Law Enforcement Standards Office (OLES), in partnership with the U.S. Department of Homeland Security (DHS) Office for Interoperability and Compatibility (OIC), will hold a public meeting on Thursday, March 15, 2012 at 1 p.m. Mountain Time, via teleconference. The purpose of the meeting is to present the final criteria for assessing the suitability of P25 Compliance Assessment Program (CAP) conventional conformance tests, as well as the final, prioritized list of features and functionalities that will require conformance testing in the P25 CAP.
[...] in recent years the US military has expanded the concept of "strategic deterrence," a term that once encompassed only intercontinental nuclear weapons, to incorporate both nuclear and conventional forces, as well as diplomatic, economic, and informational tools.1 The recent emphasis on substituting conventional for nuclear weapons in selected missions is an important step in developing a credible and robust twenty-first century deterrent, but it does not fully consid- er the unique logic and strategy of conventional deterrence. [...] as the United States expands the role of conventional capabilities in deterrence, a credible nuclear deterrent is still required, if America is to convince potential adversaries that nuclear weapons are not an effective tool by which to gain leverage.
Arms Transfer Values The values of arms transfer agreements (or deliveries) in this report refer to the total values of conventional arms orders (or deliveries as the case may be) which include all categories of weapons and ammunition, military spare parts, military construction, military assistance and training programs, and all associated services. Major Findings General Trends in Arms Transfers Worldwide The value of all arms transfer agreements worldwide (to both developed and developing nations) in 2006 was $40.3 billion.\n Other non-European suppliers collectively delivered 640 APCs and armored cars, 98 minor surface combatants, as well as 40 surface-to-surface missiles, a weapons category not delivered by any of the other major weapons suppliers during this period to any region.
As people age it becomes increasingly important they find housing that addresses their changing needs. Real estate managers who offer amenities and services keyed to seniors' needs are likely to attract and retain a growing, stable and appreciative category of residents, without having to officially break into the complex and challenging senior housing market. Providing a wealth of services wont just attract seniors to a property. More importantly, it will allow current residents to stay in place longer as they age -- meaning less turnover and more stability for a property, said Mel Gamzon, senior managing director of Senior Housing Investment Advisors in Fort Lauderdale, FL. Seniors also appreciate a well-trained, caring staff, that is mindful of their needs and tries to honor their re...
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