... andthe TOFHLA.ã The Flesch-Kincaid Grade Level and FleschReading Ease Score count the number of sylla-bles per word and words per sentence. The Reading Ease Score takes other readabilitymeasures ... They were also four times morelikely to talk to their doctors about getting the vaccination.7 The most helpful written materials for all users, especially poor readers:4-6, 8ã Emphasize the ... provided to them.8-11ã But none of these can document whether aparticular patient understands the one formthey need at the moment. This leaves it up to the person requesting the data, the providerconducting...
... secondbymanagingabook36ofbonds. The formermethodclearlyindicatesthatbrokersareincentivized to increaseflowin the market.Profitsaremadebymakingasmallamountofmoneyoneachtransactionbybuying and sellingbondsbetweencustomers. The moretransactionstheycomplete, the moremoneytheymakehence,theyareincentivized to increasetheir“dealflow”withtradeideas and research. The secondprincipalwaytheymakemoneyisthrough the warehousedbondsheldbytraders. The traderconstructsaportfoliothattheybelievewillbenefitfrom the waytheyexpect the market to move.Thisissometimescalleda“backbook” or “proptrading” and canrequirealargeamountof“assetsatrisk”oftenincludingderivativepositions. The sizeofpositionthatatraderholdsisclearlydependenton the broker’scapitalrequirements.Brokersusuallyhavethreecoreteams: the salesteam, the tradingteam andthe researchteam. The salesteamis the teamon the phone to clientstrying to drumupbusinessbysuggestingtransactions and passingon the bestpricesfrom the tradingteam. The tradingteam’sroleis to make or givepricesonallbondsthattheycoverat the mostcommerciallycompetitiveratestakingintoaccounttheirinventoryofbonds and theirviewon the market.Theynotonlytalk to theirsalesteambut to othertradersintheircompany(from the swaps,government,corporate and otherderivativedesks),interdealerbrokers,futuresexchanges and eventradersinotherbrokeragecompanies. The researchteamgeneratesresearchoneconomics,companies,interestrates,yieldcurves37 and othersubjects to generatesales.Thereareoftenquestionsregardingtheirimpartialityaheadofnewbondissuanceasthereisanincentivefor the research to bepositiveabout the newbonds.Indeed,thesequestionsextend to researchproducedwhen the bondshaveentered the secondarymarketsasbrokerstend to like to maintaingoodrelationshipswith the issuer.Therearenumerousbrokersin the market.However, the brokerswith the mostinfluencein the Sterlingmarketsare the socalled“GEMMs”38− the GiltEdgedMarketMakers.Inparticular, the mostimportantbrokersin the UKmarketare the likesofRoyalBankofScotland,Barclays and HSBC.Theseare the keyhousesforbothissuing and tradingnotonlyUK‐denomina ... Brokersare the GlueBrokersare the gluethatbringstogether“issuers and investors”in the primary financialmarkets and “buyers and sellers”in the secondarymarkets.Ratherthananinvestorhaving to findanotherinvestor to buy or sellbonds to, theygo to abrokerwhopurchasesbondsimmediatelyfromthem and takes the riskofon‐sellingthem.Iftheycan’timmediately, or don’twant to, sellthem,theywillwarehousethemuntiltheyhavefoundanotherend‐investor to sellthem to. Thisalsoworksinreverseinthattheywillalsosellbonds to aninvestorbeforetheyhaveactuallybought the bonds.30MerrillLynchMunicipalMasterIndexon the 11thMarch2010.31MerrillLynchUSCorporate and GovernmentMasterIndexon the 11thMarch2010.32 The UStaxationsystemisdifferentinanumberofwaysthanthatin the UK.Inrelation to munibondsthough,both the federal and statecandeducttaxfromanindividual’sincome.Munibonds,aswellasbeingexemptfromfederaltaxareoftenexemptfromstatetaxif the holderresidesin the state.336.7%*(1‐40%)=4%34http://www.whitehouse.gov/assets/documents/PACE_Principles.pdf35Seesection3.4.3onassetbackedsecurities18 ... the date the investorgetstheirmoneyback.Thereareanumberofsubtletiesaround the maturitydate,butmostbondshaveasinglefixeddate. The furtherin the future the maturitydate (the “longer” the bond), the morerisky the debtasthereismoretimefor the issuer to getintotrouble.Indeed,somebonds(including the famouswarloanfrom the UKGovernment)are“undated”,whichmeansthat the issuerneverhas to repaythedebt.Undated, or perpetual,bondsoftenhavefeaturesthatallow the issuer to payback the debtundercertaincircumstances:thesearecalled“calloptions” and give the issuer the right,butnot the obligation, to payback the lender4.2.3....
... Consultancy Lumiknows27 In order to get tothe future first, there is no need to excel competitors trying to get the same prize because the number of prizes may be the same as the number of runners.G. ... are limitations. The foundations have to be customer values and customer decisions on the distribution of their disposable income.Peter Drucker, Management Challenges for the 21stcentury.â ... walls at the sides and back. Objects—pictures, documents, songs, sticky notes, program icons—can be moved freely around the desktop or stuck up on the walls. BumpTop is a natural for a touchscreen,...
... institutions may choose to use the standard-setting process for the Speaking and Writing sections only, and then use the score comparison tables to set standards for the Reading and Listening sections. ... comparable tothe CBT and PBT for the total score, and for the Reading, Writing and Listening sections. Because the Speaking section is new, it cannot be compared to previous TOEFL tests. ETS ... the new TOEFL iBT scores andthe scores from the computer-based (CBT) and paper-based (PBT) versions of the TOEFL test. Institutions may choose to set TOEFL iBT scores that are comparable to...
... wishes me to bring to your Assembly’s attention the necessity of their taking the necessary steps for the incorporation of the N.S.A This step, he feels, is of a vital importance tothe further ... convinced, are in store for them if they Dear and valued co-worker: I am truly gratified and delighted to receive so many evidences of the zeal, the loyalty and the devotion with which the believers ... grateful for the plans you have conceived for the reception, and organisation of the work, of Martha during her visit to your shores. The community of the believers in Australia and New Zealand is...
... there. When the guns got tothe top of the rise, they must go at a trot to theirpositions, the sooner to get the horses from under fire. Twenty or thirty steps brought us tothe top of the sharplittle ... as we got tothe top (our Battery happened just then to be ahead of all the troops, and was the first of the columns to reach the spot), the road came up tothe level of the land on the left, ... pleaded with the other parties tothe Constitution to observe their guarantee; when they refused, and talked of force, then the men of the South got their guns and came to see about it.They were...
... on the creditor safari. They are on the hunt for the person or persons who got them into the situation they are in right now. The honest answer is that you are probably the most to blame for ... out to eat tonight.” So they all piled into Susan’s leased SUV and off to their favorite restaurant they went. They really enjoyed going to their favorite place. Jimmy, the waiter, greeted them ... income and over the last year or so they had been using even more credit cards for regular purchases. After all, they had to in order to live the lifestyle they could not afford. As they borrowed...
... icon by the forum name in the forum listing. For more information about how to use the Wrox P2P, be sure toreadthe P2P FAQs for answers to questions about how the forum software works, as ... Long, for reaching out to me and for convincing Wrox to give me a chance; to project editor John Sleeva, copy editor Paula Lowell, and technical editor Doug Vann, for all your efforts editing the ... “your” error on the Book Errata page, go to www.wrox.com/contact/techsupport.shtml and complete the form there to send us the error you have found. We’ll check the informa-tion and, if appropriate,...
... with the device. Simply pulloff the power adapter from the USB end of the cord and plug it into anopen USB port on your computer. Then plug the other end into the DockConnector at the bottom ... that the cost of the iPad,either online or at another retail store, is always the same. There’s nomarkup when you purchase the iPad 2 somewhere other than an Applestore, andthe online store ... out the one you want, and then take ithome. To date, most U.S. Apple stores have caught up with the hugedemand for these devices, and usually have them in stock, although it isstill sporadic....
... editor, such as Adobe Photoshop or Photoshop Elements. After all the picture changes have been made, the image is then printed using a desktop color printer or taken to a photo-laboratory for ... contain a preview monitor on the back of the camera and do not have theabilityto increase the amount of memory available for picture storage via removable memory cards. The cheapest cameras ... photographers tend to capture in color and then convert the photo to grays using editing software such as Photoshop or Photoshop Elements. With this approach, 'shoot color and then convert to gray',...
... transferrin into acidic endosomes where the iron is released and transported into the cytoplasmvia the Nramp2-DCT1 iron transporter. Apo-transfer-rin and TfR1 are recycled tothe cell surface ... ofglycosylation is highly variable, therefore, and even incases where it is important, the effect may be eitherdirect or indirect. In this study, we set out to explore the importance of HFE glycosylation. ... (POCI/SAU-MMO/61129/2004) andthe Health Research Board (RP/2006/294) to J.V.F and Health Research Board Grant(RP/2005/107) and Science Foundation Ireland (SFI)Investigator Grant (05/IN.3/13859) to MMC. The authors...
... [28]. For construction of the myc-Rab4Q67L expression vector, the Rab4Q67L cDNA frompPC97-Rab4Q67L was excised and cloned between the SalI and NotI sites into a pBK-CMV vector engineered to con-tain ... Amplified sequences were cloned between SalI and SmaI sites in the pBluescript SK II(+) vector, se-quenced, and subcloned into the pPC86 vector between the SalI and NotI sites. pPC86 plasmid expressing ... subcloning of the SalI-NotI fragment into the pPC86 vector.Deletion mutants of Rabaptin-5d and Rabaptin-5c in the pPC86 vector were constructed in a similar way. To construct plasmids for expression...
... Although these amino acids may affect the self-cleaving ability, they were not present in the construc-tion used to transform the filamentous fungi (eitherP. chrysogenum or A. chrysogenum), andthe ... for 48, 72 or 96 hrevealed that P. chrysogenum IAT was already completelyprocessed tothe 29-kDa (a) and 11-kDa (b) subunit at 48 h and remained processed thereafter; the intensity of the bands ... pULCTab,pULCTa,pULCTb and pULCTa+b containing, respectively, the complete penDE gene of A. nidulans, the DNA fragments encoding the a or b subunits, or the DNA regions corresponding tothe a and b subunits...