Holiday Effects in the US Equity Futures Markets

2021 ◽  
Vol 15 (3) ◽  
Author(s):  
William Ziemba ◽  
Constantine Dzhabarov
Keyword(s):  
Futures Markets ◽  
The Other ◽  
Holiday Effect ◽  
The Us ◽  
Holiday Effects

We investigate the holiday effect in US equity futures markets during three sub-periods 1993-2011, 1993-2020, and during the 2020 covid-19 year for small cap stocks measured by the Russell2000 and large cap stocks measured by the S&P500. All the days from -3 before the holiday to -1 had gains and for the large caps there were gains on +1 and +2. The effect is stronger for the small caps. The year 2020 had results similar to the longer series with positive gains. We show the various holidays by holiday day and observe that the -3 day had gains on all the holidays whereas the other days did not. The effect has diminished in the 1990s and 2000s and only the -3 day is statistically significant. The -3 day in the futures anticipates the cash move on -1 day.

Epilogue

2018 ◽  
Author(s):  
José van
Keyword(s):  
Paradigm Shift ◽  
Information Age ◽  
The Other ◽  
The European Union ◽  
Checks And Balances ◽  
The Us ◽  
Autocratic Regime ◽  
Digital Strategy ◽  
National Governments ◽  
State Interference

The epilogue sketches a few scenarios on potential geopolitical consequences of the global paradigm shift toward multiple online platform “spheres.” Currently, the neoliberal US-based platform ecosystem dominates. This ecosystem revolves around the promotion of individualism and minimal state interference, leaving checks and balances to the market. On the other end of the ideological spectrum is the Chinese ecosystem, in which the autocratic regime controls the platform ecosystem via regulated censorship of tech corporations. Squeezed between the US and the Chinese models is the European Union, whose member states neither own nor operate any major platforms in either ecosystem. For European democracies to survive in the information age, its cities, national governments, and supranational legislature need to collaborate on a blueprint for a common digital strategy toward markets and public sectors.

Epidemics

2018 ◽  
Author(s):  
Samuel K. Cohn, Jr.
Keyword(s):  
Sixteenth Century ◽  
Preventive Measures ◽  
Fifth Century ◽  
The Other ◽  
Fundamental Aspect ◽  
Late Nineteenth Century ◽  
Psychological Consequences ◽  
The Us ◽  
History Of ◽  
Race Ethnicity

This book challenges a dominant hypothesis in the study of epidemics. From an interdisciplinary array of scholars, a consensus has emerged: invariably, epidemics in past times provoked class hatred, blame of the ‘other’, or victimization of the diseases’ victims. It is also claimed that when diseases were mysterious, without cures or preventive measures, they more readily provoked ‘sinister connotations’. The evidence for these assumptions, however, comes from a handful of examples—the Black Death, the Great Pox at the end of the sixteenth century, cholera riots of the 1830s, and AIDS, centred almost exclusively on the US experience. By investigating thousands of descriptions of epidemics, reaching back before the fifth-century BCE Plague of Athens to the eruption of Ebola in 2014, this study traces epidemics’ socio-psychological consequences across time and discovers a radically different picture. First, scholars, especially post-AIDS, have missed a fundamental aspect of the history of epidemics: their remarkable power to unify societies across class, race, ethnicity, and religion, spurring self-sacrifice and compassion. Second, hatred and violence cannot be relegated to a time when diseases were mysterious, before the ‘laboratory revolution’ of the late nineteenth century: in fact, modernity was the great incubator of a disease–hate nexus. Third, even with diseases that have tended to provoke hatred, such as smallpox, poliomyelitis, plague, and cholera, blaming ‘the other’ or victimizing disease bearers has been rare. Instead, the history of epidemics and their socio-psychological consequences has been richer and more varied than scholars and public intellectuals have heretofore allowed.

scholarly journals Retirement Preparedness: How Important Is Being Financially Literate?

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 445-445
Author(s):  
Mengya Wang ◽  
Suzanne Bartholomae
Keyword(s):  
Financial Literacy ◽  
Retirement Planning ◽  
The Other ◽  
Financial Security ◽  
Lower Odds ◽  
Highly Educated ◽  
Retirement Preparedness ◽  
The Us ◽  
Risk Takers ◽  
Policies And Programs

Abstract Financial security in retirement is a major concern for many Americans. Numerous studies document that Americans are not prepared for retirement, with financial illiteracy cited as one reason Americans fail to plan. Employing data from the 2018 National Financial Capability Study (N=27,091), this study investigates actual financial literacy (AFL) and perceived financial literacy (PFL) and how combinations of this measure influences retirement planning, and varies based on years from retirement. This study found relatively low financial literacy and retirement preparedness levels among the US sample, even for those pre-retirees ages 55 to 64. Individually, PFL and AFL increased as one approached retirement. When combined, adults nearing retirement (55 to 64) comprised the greatest proportion of the high AFL and high PFL (29.9%) group compared to adults 20 years or more from retirement (18-44) who largely made up the low AFL and PFL (48%) group. Based on a logistic regression, adults closest to retirement (ages 55 to 64) are more likely to be planning compared to the other groups, as are adults who were financially confident, risk takers, highly educated, males, and white. Compared to adults with high AFL and high PFL, adults with low AFL and low PFL, or a combination (low PFL and high AFL, high PFL and low AFL) have lower odds of preparing for retirement. Both PFL and AFL influences retirement planning, and PFL may be as important as AFL. Our highlight the importance of policies and programs to support Americans with retirement planning.

scholarly journals Industry update for May 2019

2019 ◽  
Vol 10 (9) ◽  
pp. 555-561
Author(s):  
Louise Rosenmayr-Templeton
Keyword(s):  
Gene Therapy ◽  
Cost Effectiveness ◽  
Spinal Muscular Atrophy ◽  
Muscular Atrophy ◽  
Clinical Results ◽  
The Other ◽  
Press Releases ◽  
The Us ◽  
True Meaning ◽  
Genetic Medicine

This industry update features a round-up of pharmaceutical news in May 2019 based on press releases and websites. The month was characterized by the achievement of significant milestones in gene therapy. The biggest of these was the US FDA’s approval of Zolgensma®. This medicine sums up the promise and price of genetic medicine. On one hand the clinical results show Zolgensma can dramatically improve the prognosis for infants with spinal muscular atrophy after just one administration, while on the other, it has been priced at around US$2.1 million. With more such therapies likely to reach the market, the debate on Zolgensma goes beyond cost, to overall affordability, the true meaning of cost–effectiveness and how to reward companies for effective, innovative medicines.

scholarly journals New Glycerol Upgrading Processes

Catalysts ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 103
Author(s):  
Miguel Ladero
Keyword(s):  
Renewable Energy ◽  
Enhanced Oil Recovery ◽  
Oil Recovery ◽  
Oil And Gas ◽  
The Other ◽  
Energy Policies ◽  
Gas Recovery ◽  
The Us ◽  
The Eu

Energy policies in the US and in the EU during the last decades have been focused on enhanced oil and gas recovery, including the so-called tertiary extraction or enhanced oil recovery (EOR), on one hand, and the development and implementation of renewable energy vectors, on the other, including biofuels as bioethanol (mainly in US and Brazil) and biodiesel (mainly in the EU) [...]

The Restructuring of the Automobile Industry in the USA

1992 ◽  
Vol 24 (6) ◽  
pp. 833-852 ◽  
Author(s):  
R D Bingham ◽  
K K Sunmonu
Keyword(s):  
Automobile Industry ◽  
The Other ◽  
Cycle Phase ◽  
Economic Downturn ◽  
Mature Phase ◽  
The Us ◽  
Two Systems ◽  
Spatial Configurations ◽  
The Usa

In this paper, the changes in the US automobile industry which have occurred over the 1979–86 economic downturn and recovery are examined within the framework of Markusen's profit-cycle theory. When viewing the automobile indusltry as a whole, some of the findings support the profit-cycle theory and others do not. The theory is supported, however, within the context of two distinct automobile industries in the USA—one ‘Fordist’ and the other a Japanese ‘post-Fordist’ system. The Fordist system is entering the negative profit-cycle phase and the post-Fordist system is in the mature phase. The two systems have very different spatial configurations and are likely to have very different economic futures.

Can India’s Higher Education Improve Through Better Management of Human Resources: A Comparative Study of India and the United States

2021 ◽  
pp. 006996672110638
Author(s):  
Jai Mohan Pandit ◽  
Bino Paul
Keyword(s):  
Higher Education ◽  
Performance Management ◽  
The United States ◽  
The Other ◽  
Hrm Practices ◽  
Other Hand ◽  
Global Standards ◽  
The Us ◽  
Education In India ◽  
Recruitment And Selection

This study investigates human resource management (HRM) practices in higher education institutions (HEIs) based on a comparative analysis of India and the US. Although higher education in India has grown over the decades, its quality, in general, has not kept up with global standards. On the other hand, many US universities have performed consistently well in international university rankings. Based on qualitative research collected from principal stakeholders of HEIs in India and the US, HRM practices and policies followed by them are presented and discussed. Data collection for the research study was through web interviews during the period August–October 2020. The study reveals that Indian public HEIs do not have professional HRM teams. Also, they are in a formative stage in autonomous and private institutions. On the other hand, many HEIs in the US have developed mature HRM systems. This difference resonates in attributes such as structure of HRM, recruitment and selection processes, training and development programmes, performance management, career progression and talent retention.

Gender and National Differences in Attitudes toward Same-Gender Touch

1994 ◽  
Vol 78 (3) ◽  
pp. 1027-1034 ◽  
Author(s):  
Frank N. Willis ◽  
Vicki A. Rawdon
Keyword(s):  
Cultural Differences ◽  
Female Students ◽  
Cross Cultural ◽  
The Other ◽  
Male And Female ◽  
New Methods ◽  
Cross Cultural Differences ◽  
National Differences ◽  
The Us ◽  
Same Gender

Women have been reported to be more positive about same-gender touch, but cross-cultural information about this touch is limited. Male and female students from Chile (n = 26), Spain (n = 61), Malaysia (n = 32), and the US (n = 77) completed a same-gender touch scale. As in past studies, US women had more positive scores than US men. Malaysians had more negative scores than the other three groups. Spanish and US students had more positive scores than Chilean students. National differences in attitudes toward particular types of touch were also noted. The need for new methods for examining cross-cultural differences in touch was discussed.

scholarly journals Investigation into the Effects of Backrest Angle and Stick Location on Female Strength

2021 ◽  
Vol 19 (1) ◽  
pp. 7
Author(s):  
Victor Ei-Wen Lo ◽  
Shu-Min Chao
Keyword(s):  
Musculoskeletal Disorders ◽  
Muscular Strength ◽  
The Other ◽  
Maximum Strength ◽  
Hand Strength ◽  
Federal Regulations ◽  
Independent Variables ◽  
The Us ◽  
Hand Control ◽  
Abduction Strength

Objectives: The purpose of this study was to investigate the effects of backrest angle and hand maneuver direction on maximum hand strength and to recommend a strength value for the hand-controlled stick of an aircraft. Methods: Forty-eight female subjects were recruited to perform simulated forward–backward and adduction–abduction maneuvers using control sticks. Each subject was free from musculoskeletal disorders and pain. The independent variables included four control maneuvers (forward, backward, adduction, abduction), two right-hand control stick locations (central, side), and three backrest angles (90°, 103°, 108°). The dependent variable was maximum hand strength. Results: The maximum strength for forward maneuvers with both central and side sticks was strongest at a 90° backrest angle (p < 0.001). The maximum strength for adduction maneuvers with both central and side sticks was also strongest at a 90° backrest angle (p < 0.001). On the other hand, the highest strength was observed at a 108° backrest angle when pulling the stick backward (p < 0.001). The abduction strength was significantly stronger than the adduction strength with a central stick (p < 0.001), but the adduction strength was significantly stronger than the abduction strength with a side stick (p < 0.001–p = 0.017). The forward and abduction strength were significantly different in different locations (p < 0.001). The recommended strength in the Code of Federal Regulations (CFR) by the US FAA is higher than the strength values observed in this study. Conclusions: The backrest angle, directions, and location affected the muscular strength. The recommended values should be reevaluated and adjusted for Taiwanese pilots.

scholarly journals La industria española de defensa ante los nuevos conflictos: capacidades a aportar

2021 ◽  
Vol 7 (2) ◽  
pp. 63-81
Author(s):  
Christian Villanueva
Keyword(s):  
The Other ◽  
Republic Of China ◽  
The Third ◽  
Us Military ◽  
Knowing That ◽  
The Us ◽  
Revolution In Military Affairs ◽  
The Russian Federation ◽  
Military Revolution ◽  
Criminal Groups

Conflicts such as Nagorno-Karabakh, the Donbas, Libya, Syria and Yemen have shown that even in such different scenarios, the diffusion of the key advances that were at the heart of the Revolution in Military Affairs is a fact. Moreover, most of these advances are so well established that they are now in daily use not only by many states, but also by their proxies and even by transnational terrorist and criminal groups. This phenomenon is intimately associated with the erosion of US military superiority, a country that is seeing how the People's Republic of China or the Russian Federation, but also North Korea or Iran, are capable of challenging the former superpower. In this scenario, aware of the need to compensate for the advances made by the other players, the US has launched a series of initiatives, such as the Third Offset Strategy, aimed at achieving new technological and arms developments that could lead to a new Revolution in Military Affairs or, perhaps, a full-fledged Military Revolution. In this complex context, in which conflicts fought with inherited means will converge with new weapons, systems and platforms and with the entry into service of developments that we cannot yet imagine, the Spanish defence industry will have to struggle to survive, knowing that its main customer - the Spanish Ministry of Defence - is in a very delicate situation in terms of facing this new stage.

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