Modeling oil price fluctuations and international stockpile coordination

Major interruptions in the supply of crude oil in the Middlle East have caused significant economic damage in terms of lost output and incresed inflation in the industrial countries. To the extent that the macroeconomic costs of shocks are a function of the magnitude of the oil price increases, domestic or internationally coordinated policies to restrain oil price increases during disruptions can be beneficial. One such policy initiative is the release of oil held in public stockpiles. We address the motivations for private and public stockpilling in an intertemporal optimizing model. As a special case of our general model, we develop and simulate a model of the world oil market to examine the benefits (in terms of lower world oil prices) of releasing oil from the U.S. Strategic Petroleum Reserve.     

Use of a case study in sequencing/scheduling research

This paper describes a study of an industrial sequencing/scheduling problem. The study contains the definition of the problem, data requirements and examination of solution technique. Definition of the problem is discussed from the aspect of uniqueness of the specific system. Discussion of data requirements includes availability and accuracy, while examination of solution technique considers limitation of time, computer capacity, etc., as well as the possibility of imbedding available algorithms into the solution procedure. Conclusions are presented relative to the use of the case study approach in sequencing/scheduling research.     

Methicillin-resistant Staphylococcus aureus on campus: a new challenge to college health

As new drugs to control bacterial pathogens are developed, the organisms evolve to survive. Staphylococcus aureus, a common organism, has steadily developed resistance to antibiotics. For more than 40 years, resistant S. aureus presented a formidable problem to hospitalized patients; in the past decade, however, it has begun to appear outside the clinical setting-often in young people without significant medical conditions. Early diagnosis, appropriate control measures, and proper antibiotic choice can limit the spread and severity of infection.     

Baghdadi Jews in Hong Kong: converting cultural,social and economic capital among three transregional networks

This article is an analysis of the attempts of Baghdadi Jewish traders in Hong Kong in the second half of the nineteenth century to construct and convert cultural, social and economic capital within and between the transregional networks of the Baghdadi diaspora, the Jewish diaspora and the British colonial elite. The analysis of the multiple and multi‐directional intersections between the cultural, social and economic characteristics of the three networks shows that Baghdadi social capital accounted for significant ruptures and disjunctures between the increasing cosmopolitanization, deterritorialization and hybridization of the Baghdadi traders' cultural identities and the definition of Baghdadi cultural capital. An understanding of the role of Baghdadi social capital in accounting for the construction and convertibility of cultural, social and economic capital among these three transregional networks helps to explain the reproduction of social inequalities under increasing conditions of globalization, that is, under conditions that potentially augmented the number of sources defining cultural capital.     

Introductory editorial

One of the results of the policies pursued by the Japanese colonial administration in Korea after 1910 was the migration of large numbers of Koreans to Japan. Hostility and prejudice toward these immigrants were fostered not only by the willingness of Korean workers to accept working and living conditions far below those which their Japanese counterparts would tolerate, but also by the association of Koreans with radical ideologies.

This hostility was given its fullest expression immediately after the Great Kantō Earthquake of 1923 when large numbers of Koreans were put to death by members of the army, police, and local ‘vigilance associations’. An attempt is made here not only to describe the events which followed the earthquake, but also to show how these were an inevitable consequence of Japanese colonial rule.     

Public Support for Policies to Reduce Risk After Hurricane Sandy

A phone survey was conducted in New Jersey in 2013 four months after the second of two major devastating tropical storms (Sandy in 2012 and Irene in 2011). The objective was to estimate public support for restricting land uses in flood zones, requiring housing to be built to resist storm waters, and otherwise increasing mitigation and resilience. Respondents who supported these mitigation and resilience policies disproportionately were concerned about global climate change, trusted climate scientists and the federal government, and were willing to contribute to a redevelopment program through taxes, bonds, and fees. They also tended to have collectivist and egalitarian worldviews. Half of the respondents supported at least four of the seven risk‐reducing policies. How their support translates into public policy remains to be seen. Lack of willingness to personally fund these policies is an obstacle.