Search

The article focuses on the development of portfolio management models, particularly regarding the revision process and methodology over finite time sets. An intertemporal transitionary model of portfolio management is derived through the extension of the previously cited Markowtiz-Sharpe paradigm. The underlying basis of the Markowitz-Sharpe model is reviewed along with description of the finite interval adaptations introduced. Empirical research of common stocks between 1957-1964 is also provided to evaluate the efficiency of the model.

The article discusses the policy acceptance in the U.S. of reliance on automatic fiscal stabilizers. Information about the development of the theory of automatic fiscal stabilization is provided. A discussion on the institutional changes that made automatic fiscal stabilizers important are provided. Commented on is the acceptance of the policy by the executive and legislative branches of government. Also provided is a table that measures the before and after tax rates of return from investment by small firm under present and progressive tax rates.

The article discusses the revision of the Dolch basic word list. The Dolch basic word list is an English language word list used by the beginning readers. The words in the Dolch list have been questioned even though it makes up 50 to 70 percent of words in the basal reading instructions. Several objections have been raised against the Dolch list as it was published long ago and is now said to be out-of-date.

The article presents the proposed revision of the Council for Exceptional Children constitution and bylaws, developed under the direction of William C. Geer, chairman of the Council Reorganization Committee in the U.S. Article I states that the name of the association shall be "The Council for Exceptional Children." In the Article II, the purpose of the Council, which is to advance the education of exceptional children and youth in the U.S. and Canada, is stated. Under the proposal, the Council shall be a department of the National Education Association of the U.S. It also authorizes the Council to accept local chapters and state and provincial branches and federations as segments of its vertical structure.

When people revise subjective probabilities in light of data, revisions are less than the amount prescribed by the normative model, Bayes's theorem. Previous research suggests that this results from the subjects' lack of understanding of the implications of the data; i.e., from inaccurate subjective sampling distributions. This experiment examined the effects on conservative revisions of training subjects about the implications of data. The subjects estimated sampling distributions for two binomial populations, were shown samples from the populations in order to teach them veridical distributions, and again estimated sampling distributions. Estimated sampling distributions were good predictors of revisions and, as a result of training, both the sampling distributions and the revisions became more veridical. [ABSTRACT FROM AUTHOR]

When data are sampled from a population and subjects revise probability estimates about which population is being sampled, their revisions are less than the optimal amount calculated by using Bayes's theorem; they are conservative. The experiments reported here used binomial populations with proportions that were either defined precisely by a display or defined diffusely by a sample of data. The experimenter randomly selected one of two populations and then sampled data from the selected population. The subjects made very nearly Bayesian revisions on the basis of the first datum sampled, but became markedly conservative when the task required aggregating evidence across a sequence of data. This result was independent of whether population proportions were defined precisely or diffusely. [ABSTRACT FROM AUTHOR]

Looks into the proposed revision of federal tax incidents of property transfers in the U.S. Dissatisfaction of taxpayers; Unitary concept of transfer; Power enabling the transferor to purchase or borrow trust property.

The article informs that in the past year two very important changes have been made in the Canadian constitution. The first of these modifications took the form of an amendment by the Imperial Parliament of the British North America Act of 1867, it granted the Dominion Parliament power to amend certain parts of the constitution. The second change, and the one with which this article is concerned, was accomplished by act of the Canadian Parliament. The Judicial Committee of the Privy Council, which until recently served as the highest court of appeals for Canada and which still performs that function for much of the British Empire, has never, strictly speaking, been a court of law.

This article examines the social problems which are responsible for legal revisions made to abortion laws in the U.S. The term abortion causes confusion because its meaning varies according to the profession which employs it. In medical usage, abortion generally refers to the premature expulsion from the uterus of the products of conception at a time before viability, for example, before the fetus has reached such a stage of development that it can live outside the uterus. The twenty-sixth to the twenty-eighth week of pregnancy is regarded as the time of viability. After that time, miscarriage or premature labor are the terms used by medical authorities for premature expulsion of the fetus. The law makes no distinction based on viability. Criminal abortion generally refers to any untimely delivery voluntarily procured with intent to destroy the fetus before natural birth. However, few criminal abortions are performed after the third month of pregnancy because abdominal operations are required after that time. Consequently, most criminal abortions are categorized correctly as abortions in medical terminology. Every state in the union has a statute which makes the termination of pregnancy a crime.

The article provides information on the curriculum at the Wurzweiler School of Social Work at Yeshiva University, New York City. It offers an overview of the history and functions of the Curriculum Committee in Wurzweiler. The committee, which was composed of students and faculty, was responsible for every revision in the curriculum of the School. The revision was implemented as an experiment for the second year, which was subject for evaluation, revision and examination. It included seminars on Social Work Philosophy, the concept of a social worker and Client and Clientele Systems. Details on the objectives and discussions during the seminar are offered.

Insurance rate revision involves the treatment of experience data acquired since the current rate was adopted. Credibility tables assign factors to varying quantities of experience data which indicate how weights should be assigned to the data utilized in the rate revision process. The statistical basis of these tables is discussed and the underlying rationale is examined as it pertains to standards for full credibility and to the assignment of partial credibilities. It is concluded that the credibility factors which appear in currently used tables are based on highly judgmental assumptions and are not an objective approach to the weighting of experience data. A more economically sound approach based on modem statistical decision theory is suggested. [ABSTRACT FROM AUTHOR]

The article discusses the "Unfallversicherungs-Neuregelungsgesetz" (UVNG; Revised Law for Accident Insurance) and the "Knappschaftsrentenversicherung-Neuregelungsgesetz" (KnVNG; Revised Law for Miners' Pension Insurance) as part of social policy reform in Germany. Specific revisions pertaining to pensions for widows and orphans are presented.

Discusses the poem 'The Public Garden,' by Robert Lowell. Revelation of Lowell that 'The Public Garden' is revision, recasting and clarification of his earlier poem; Comparison of Lowell's previous poem with its recast and revised version.

Justifies American poet Edgar Allan Poe's revisions of his poem 'Lenore.' Improvement of the dramatic character of the poem; Assertion of the poetic superiority of the final version; Comparison of the intermediate version of the poem published in the journal 'Pioneer' and the 1836 text of the poem 'A Paean.'

The article focuses on the United Nations as an operating agency of international government, which has undergone a transformation with revisions in the Charter. It is cited that the new United Nations is no longer universal while the General Assembly still operates for all practical aims by a two-thirds majority excluding the Soviet bloc. It is mentioned that the main purpose of the United Nations is the defense of the non-Soviet world against Soviet aggression and subversion.

The article presents a discussion on the recent changes in the Canadian immigration regulations. The public discussions in Canada which ensued as a result of the White Paper on immigration are in a great measure responsible for the revised immigration regulations which came into force on October 1, 1967. The new regulations are based on the government White Paper. The regulations set up three categories of immigrants: sponsored, nominated and independent. Sponsorship rights previously limited in cases of applicants from certain countries, will apply on equal terms to all areas of the world, and thus, in future, as it were, no area of the world is "off limits" for sponsorship of immigrants by their relatives in Canada. This means that a close family relationship with a Canadian citizen or resident will make it easier for a potential immigrant to gain admission to Canada. For others, the current standards of education and professional skill are revised with the application of objective tests and point ratings in nine categories. Immigrants in this category, most of whom will have no relatives in Canada, will qualify for entry if they can compile 50 "assessment units" based on their education, skill, age, and six other factors.

This article presents some comments on recently published research bulletins in the field of accounting. It first mentions chapter 9 of Research Bulletin #43 referencing the decision by the Accounting Principles Board that Accounting Research Bulletins issued by the predecessor committee on Accounting Procedure should be considered as "continuing in force with the same degree of authority as before." While conflicting statement occurred in the October 1961, Journal of Accountancy, expressing editorially that most of them will eventually be reviewed by the board but that it is not expected that many of them will be superseded in the near future. He further mentions chapter 4 of Bulletin #43, which relates to inventory pricing and includes the rule of cost or market. The author suggests that while other chapters of Bulletin #43 may eventually need revision, it appears that a revision of chapter 9 is most pressing to avoid confusion, inconsistency, and outright contradiction. Hence chapter 9 of Bulletin #43 should be among the first to be revised.

The article focuses on revisions made in school curricula and in school procedures in the wake of world war II. From elementary school through high school there is a greater emphasis upon American history, American literature, and the American heritage for which the war is being fought. The changes, differences, and revisions are found mostly in the high schools and affect largely the older children. There is a more practical orientation to subjects such as algebra, geometry, physics, chemistry and other sciences. These are the backbone of the pre-induction and pre-flight aviation courses. For a girl who plans to become a nurse, the courses recommended include home nursing, biology, chemistry, nutrition, algebra or related mathematics. The elementary school program has not been affected radically by the war but the children are participating in the war effort by helping in the salvage campaign, in the cultivation of victory gardens, the buying of stamps, in making things for the Red Cross and in various other ways.

The article reports on maintenance and reduction of documents. The aim of the article is to present the major problems of maintenance, problems which are inherent in any document collection, problems whose existence alone gives reason to this discussion. The article also enumerates some of the major problems of reduction, and finally, to suggest some possible solution for at least a part of the numerous problems that inevitably accompany work in this field. Maintenance of a collection is concerned primarily with the document in its original form, usually paper, with graphs, supplements, revisions, addenda, changes, and sometimes a multitude of after thoughts.

Looks at the concept of truth in the play "The Well of the Saints," by John Millington Synge. Revisions in the play; Time element involved in the life of the characters; Views of the characters on Christianity.

Features the play "The Admirable Crichton," by James Barrie. Information on revisions of the play; Details of some stage presentations of the play; Social issues tackled in the play.

Focuses on the revision made to the play "Die Ehe des Herrn Mississippi," by Friedrich Dürrenmatt. Parts of the play; Absolute interdependence between the written word and the theater as shown in the play; Major difference between the original version and the revised version of the play.

Using simple correlations and step-wise multiple regression analyses, we examine the bases of public support and opposition for seven constitutional revision calls and nine ratification referenda in the American states. On the calls, increased support for conventions came from among higher socio-economic groups or from a combination of these groups and specific partisan support within a state. Contextual variables accounted for 75 percent of the variance in three of five states where we could use the step-wise analysis, but less than 50 percent in the other two. On ratification, the same general pattern appeared. In three states the contextual variables were more powerful on the call. The call as an independent variable did not add much cumulative explanation of variance, but it was associated with support for ratification in five of seven states. The conventions and the constitutions they produce act as intervening variables in the public consciousness, probably through the mechanism of the ratification campaigns. There are state-to-state uniformities of behavior on constitutional revision, though state uniqueness of culture or circumstance can result in exceptional behavior. [ABSTRACT FROM AUTHOR]

Focuses on the publication of a revised edition of writer Ralph Waldo Emerson's first series of his book 'Essays' in October 1847. Verbal changes and alterations in punctuation incorporated into the revised edition; Changes made by Emerson in the book in order to shorten it; Stylistic revisions in the book.

Focuses on a revision of the book 'Roland Blake and Some Other People,' by writer S. Weir Mitchell. Summary of Michell's novel before revision; Changes made in the revised version of the novel; Significance of Michell's revisions.

The article reports on the establishment of the Federation of American Scientists Visa Committee to study administrative developments on American visa policy and to maintain steadfast contact to the people and organizations who have troubles in visa restrictions in the U.S. The study shows various approaches used by the committee to resolve visa cases including a survey and presentation of case histories. The approaches show some proposals on the revision of the visa policy. It was believed that the development of the two bills HR 3998 and HR 4369 will eliminate difficulties in securing visa. The awareness and consideration on political earnings of foreign scientists and their programs are necessary to obtain the free scientific community.

The article presents the proposed revisions to the constitution of the International Council for Exceptional Children by the delegate assembly in Pittsburgh, Pennsylvania. This propose revisions will keep the constitution of the council in pace with the organization's growth and progress. Changes in Article I Section 2 b is to clarify the meaning of the term "small enough." The proposed revision in Article I Section 3 is to limit divisions to national organization. Changes in Article V is to revise the administration year to coincide with the fiscal year.

The article offers news briefs related to Greek letter societies in the U.S. The Epsilon Chapter of New York has admitted nine new members and one of its major projects is the revision of the Constitution. The Gamma Chapter of Purdue University in Indiana has twenty new members with their initiation dinner to be held on April 19. The Alpha Kappa Delta of Massachusetts has been involved by sponsoring affairs between faculty and students in an informal basis.

The article focuses on the efforts to improve the official publication of the Alpha Kappa Delta fraternity. The author states that the committee members agreed to make the publication a small journal of professional quality. However, he reports that there are some members who do not favor this change. The article also discusses some suggestions for the publication including the revision of its format, the selection of its editorial board, the solicitation of manuscripts from prominent thinkers, the encouragement of student participation, and the financing means.

The article deals with the revision of the Smith-Towner Bill in the U.S. in 1920. The original draft of the bill was frankly in favor of large powers to be conferred on the secretary of education. The provisions contained in the draft are given. In addition, this article states the position of the American Federation of Teachers on the revision of the bill.

This article discusses the Form II revisions of the pilot studies on the Child Development Center and a control nursery school. It examines the revisions which includes changes in items, format, and in sorter. Changes were based on item intersubject variability, item intersorter agreement, clarity, and age relevance. Item variance across sorters was determined for intersorter reliability. Intersubject variability was determined by noting the range of the Q-sort scale used by each item for all subjects.

The article presents information about developments in Swiss old age pension legislation in 1964. A description is given of the legislation passed in 1948 and revised in 1961. Details are included about a pending revision of regulations for individual savings and investments, for work-related collective insurance plans, and for disability insurance. The opinions of Swiss social democrats and labor unions are also discussed.

The article presents information in the developments related to the certification of teachers in California. As public schools called upon, the credential requirements have been shifted to supply services both to pupils and to the community. In the year 1951, a major revision to its procedures was realized to include the appointment by the superintendent of public instruction of a representative statewide committee, assignment to the committee the responsibility to establish a factual basis for credential requirement revision and dissemination through the state on the recommendations of the committee.

The article describes the procedures used by the California Committee on revising of the credential structure of teachers. The assigned committee provide a framework rather than to determine requirements for specific credentials and answers questions concerning on the following: (1) the purpose that should be served by a licensure system in education, and (2) the desirable characteristics of a certification structure. The committee has contacted several experts for advice in revising the credential structure.

The article offers a reader's comment on the request for the revision of manuscripts. The reader stressed that this action is unreasonable. The reader's preoccupation with work is also underlined. The editors stressed that the effect of the quest for quality of the publication includes the necessity for manuscript rejections and revisions.