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2008-05-18 22:10
 
2008-05-16 16:31

May 16 2008 the big incident of Haihong Holdings Ltd.

An indelible event in my life, I felt heartrending for myself, sorry and conscience-stricken for my family. I should say sorry millions of times to my beloved family members. I know that it's of no usefulness and it can not compensate them.

My bad character made me failure in my study, in my business, in all of my struggle career. What can I do in the future? To live without any changes? To be a defeated man? to be nothing and a disgusting man among my friends, among my family? or to live with making gradual progress day and day and make today incident engrave on my bones and heart.

I, as a man,a conscientious man, a brave man, should fix today's event in my heart. I should be a good man to my family, to my friends, to my advisor, to my country. So be a man full of endurance firstly, be a punctilious man follow. lastly be a courageous and resolute man.

 
2008-03-14 22:33

By Michael Bucci
Success Correspondent - Every other Saturday

The first thing to keep in mind when managing your time is that it is more common sense than rocket science. What follows is a very basic way to manage your time properly:

building an efficient schedule

  • Learn to view time as interchangeable blocks. Anything you do will require a block of time. Sometimes it will be a small block of time (such as picking up your clothes at the dry cleaner) and sometimes it will be a large block of time (such as a 4 hour sales pitch to some potential clients). The point here is that every task you must accomplish consists of a block of time.


  • Once you've understood the concept of "blocking" your time, you can start building a schedule. At their most basic, schedules are simply large blocks of time that are subdivided into smaller, more manageable blocks. Depending on how busy you are, you can start by using a monthly or weekly block. From there, you block off your time on a daily and hourly basis.


  • For example, at the beginning of the month you might have 7 days of scheduled meetings. Thus, you know from the onset that those 7 days have blocks of time already allotted, leaving less time in each day to accomplish your daily work. If you need to schedule additional meetings, try to schedule them on days where you have no previous engagements. That is, on days where you have more free blocks available. This helps minimize congestion and overlapping.

    weekly & daily management

    Once you have a bird's eye view of your month, you can calculate how many hours are left in each week and each day. The next step is to plan each day for maximum efficiency. To do this, you have to accurately estimate how long the tasks at hand should take, then block the proper amount of time in your schedule.

    An example would be:

    Block 1: 9:00am-11:00am    (meeting)
    Block 2: 11:15am-12:00pm (take messages & return calls)
    Block 3: 12:00pm-1:00pm (lunch)
    Block 4: 1:15pm-4:00pm     (corporate training)
    Block 5: etc.

    The important thing to note is that each task has a defined block of time to allow for completion.

    using time buffers

    Another crucial aspect of time management is the use of buffers. Never schedule tasks too tightly together; this can cause overlap or tardiness. If you have one meeting scheduled to finish at 1pm, make sure to allot yourself a 15-minute block of time for a breather, before scheduling any other tasks.

    In this manner, if the meeting goes into overtime, you won't be late for your next meeting or task. More importantly, you'll significantly reduce your
    stress level by not being in a constant rush.

    Buffers are a way to build some slack into your schedule, but you must use them wisely. If you allocate too much buffer time you will likely lose out on quality work time. The trick is to learn how to use just enough buffer time to avoid conflicts between the end of one task and the start of another.

    One last tidbit: don't be afraid to use a calendar, agenda or electronic organizer such as a
    Palm Pilot (which helps tremendously) to plan your time. A small investment in any of these items will pay off in spades if you use them properly.

    Ultimately, it all comes down to how motivated you are to use your time as efficiently as possible. Where there's a will, there's a way!

     
    2008-01-31 23:51

    Have you ever angrily stuffed the last doughnut down your throat? Have you ever failed a test in school because playing games is much more important than studying? By following these simple steps, one can build, strengthen, and maintain one's self-control.

    Steps

    1. Analyze your life. See which areas are suffering and which are prospering. If you are failing all of your classes in school, you might need to study! If you are gaining weight at an alarming rate, you may need to sacrifice a few candy bars. You may be pushing yourself too hard. Take breaks over the weekends, even if you are doing wasteful things.
    2. Analyze the area in which you are lacking control. If your grades are plummeting, recognize that your study life plays an integral part in the grading system. Read books or articles about the area you are having difficulty with. Becoming informed makes it much easier to make the right decision when you're tempted to overdo something. For example, if you want to lose weight, taking the time to read about nutrition and healthy dieting will naturally motivate you and make eating right much more enjoyable. In terms of gaining self control, knowledge really is power!
    3. Act on your analysis. By this time, you have recognized that you are failing school. You have delved further into the problem and noticed that you spend much of your free time doing things other than study or homework. In order to build self-control, you must practice self-denial. Challenge yourself to break your destructive habits. Challenge others to challenge you to break your habits. Lack of study? Tell your mother, father, brother, sister, friend, anyone, to order you to get off your computer after 10 minutes. Gaining weight? Give half of your lunch to your coworker everyday.
    4. Stay accountable to someone i.e someone to ask you if you've gotten on the treadmill today. This is a great use for kids.
    5. Analyze your action. Still gaining weight even after making proper diet changes? Try exercising or consulting a doctor. Your grades aren't improving? Try listening in class and reviewing work every other day.
    Tips
    • In order to build self-control, you must deny yourself. Practice giving away things. Give away gifts that you receive; be creative.
    • Make self-denial a habit and not just a trend. If you intend to truly change yourself, you must make these steps a constant guide for the rest of your life. Even though you may feel righteous for sharing your lunch or doing your homework for a week, if you lapse back into your bad habits, all of your hard work has been in vain.
    • Possess a strong will and still have self-control problems? Instead of removing the subject of your desire from your presence, deliberately challenge yourself with this subject. Have an addiction to television? Turn on the television and avert your eyes and watch a shelf or a book for two hours. Not only will you gain a stronger will, but you will also feel the strength of your addiction begin to fade.
    • You may find research into such concepts as Neuro-linguistic Programming beneficial, as these tools can be used to affect strengths of addictions and other problems in your mind.
    • Never punish yourself for the lack of control. You will only feed the power of your lack of self control.
    • Self-control cannot be compartmentalized; don’t think you can be self-controlled in your use of the computer and not in your TV watching. You need to practice discipline in all areas of your life. Do this by paying attention to details in all areas of life; if your room is dirty, clean it, if a picture is crooked, straighten it. Soon you will see your effort in one area spill over to others.

    Warnings

    • Do not get carried away with your desire to gain control. It is unhealthy to not eat. It is also not a good policy to give away things which are essential to your life such as a wedding ring.

    Self-control is the key to success

    Tuesday, May 9, 2006

    AROUND 1970, psychologist Walter Mischel launched a classic experiment. He left a succession of 4-year-olds in a room with a bell and a marshmallow. If they rang the bell, he would come back and they could eat the marshmallow. If, however, they didn't ring the bell and waited for him to come back on his own, they could then have two marshmallows.

    In videos of the experiment, you can see the children squirming, kicking, hiding their eyes -- desperately trying to exercise self-control so they can wait and get two marshmallows. Their performance varied widely. Some broke down and rang the bell within a minute. Others lasted 15 minutes.

    The children who waited longer went on to get higher SAT scores. They got into better colleges and had, on average, better adult outcomes. The children who rang the bell quickest were more likely to become bullies. They received worse teacher and parental evaluations 10 years later and were more likely to have drug problems at age 32.

    The Mischel experiments are worth noting because people in the policy world spend a lot of time thinking about how to improve education, how to reduce poverty, how to make the most of the nation's human capital. But when policymakers address these problems, they come up with structural remedies: reduce class sizes, create more charter schools, increase teacher pay, mandate universal day care and try vouchers.

    The results of these structural reforms are almost always disappointingly modest. Yet policymakers rarely ever probe deeper into problems and ask the core questions, such as how do we get people to master the sort of self-control that leads to success? To ask that question is to leave the policymakers' comfort zone -- which is the world of inputs and outputs, appropriations and bureaucratic reform -- and to enter the murky world of psychology and human nature.

    Yet the Mischel experiments, along with everyday experience, tell us that self-control is essential. Young people who can delay gratification can sit through sometimes boring classes to get a degree. They can perform rote tasks in order to, say, master a language. They can avoid drugs and alcohol. For people without self-control skills, however, school is a series of failed ordeals. No wonder they drop out. Life is a parade of foolish decisions: teenage pregnancy, drug use, gambling, truancy and crime.

    If you're a policymaker and you are not talking about core psychological traits such as delayed gratification skills, then you're just dancing around with proxy issues. The research we do have on delayed gratification tells us that differences in self-control skills are deeply rooted but also malleable. Differences in the ability to focus attention and exercise control emerge very early, perhaps as soon as nine months. But there is no consensus on how much of the ability to exercise self-control is hereditary and how much is environmental.

    The ability to delay gratification, like most skills, correlates with socioeconomic status and parenting styles. Children from poorer homes do much worse on delayed gratification tests than children from middle-class homes. That's probably because children from poorer homes are more likely to have their lives disrupted by marital breakdown, violence, moving, etc. They think in the short term because there is no predictable long term.

    The good news is that while differences in the ability to delay gratification emerge early and persist, that ability can be improved with conscious effort. Moral lectures don't work. Sheer willpower doesn't seem to work either. The children who resisted eating the marshmallow didn't stare directly at it and exercise iron discipline. On the contrary, they were able to resist their appetites because they were able to think about other things.

    What works, says Jonathan Haidt, the author of "The Happiness Hypothesis," is creating stable, predictable environments for children, in which good behavior pays off -- and practice. Young people who are given a series of tests that demand self-control get better at it.

    This pattern would be too obvious to mention if it weren't so largely ignored by educators and policymakers. Somehow we've entered a world in which we obsess over structural reforms and standardized tests, but skirt around the moral and psychological traits that are at the heart of actual success. Mischel tried to interest New York schools in programs based on his research. Needless to say, he found almost no takers.

    This article appeared on page B - 7 of the San Francisco Chronicle

     
    2008-01-24 23:16

    I am a slow walker,but I never walk backwords.(Abraham.Lincoln America)

    Nothing is impossible!

    I will greet this day with love in my heart.

    The man who has made up his mind to win will never say "impossible ". (Bonaparte Napoleon ,French emperor )

    Never underestimate your power to change yourself!

    Do what you say,say what you do

    A man is not old as long as he is seeking something. A man is not old until regrets take the place of dreams. (J. Barrymore)

    You have to believe in yourself . That’s the secret of success.(Charles Chaplin , American actor )

    While there is life there is hope.

    One thing I know,that is I know nothing.(Socrates Greek)


    One’s real value first lies in to what degree and what sense he set himself.(Einstein Germany)


    It’s great to be great , but it’s greater to be human. ---W. Rogers


    We must accept finite disappointment, but we must never lose infinite hope. -- Mattin Luther King

    Don’t try so hard, the best things come when you least expect them to.

    Victory won’t come to me unless I go to it. -- M.Moore


    Man struggles upwards; water flows downwards.

    Never give up, Never lose the opportunity to succeed.

     
    2008-01-23 22:57

    X-ray photoelectron spectroscopy (XPS) is a powerful technique widely used for the surface analysis of materials. At low energy resolution it provides qualitative and quantitative information on the elements present. At high energy resolution it gives information on the chemical state and bonding of those elements. Further chemical information is available from the XPS valence band. Variation of electron take-off angle or sputter depth profiling can provide information on the vertical heterogeneity of samples, and imaging/microanalysis techniques allow determination of lateral homogeneity with resolutions of <50nm. Samples can be subjected to various treatments within the spectrometer vacuum system prior to analysis, eg. heating, cooling, scraping, cleaving, sputter cleaning, etc. XPS is commonly used for the surface analysis of polymers, coatings, catalysts, composites, fibres, ceramics, pharmaceutical/medical materials and materials of biological origin.

    In the XPS technique, X-ray photons of a well defined energy (eg. Al K(alpha) radiation at 1486.7eV) impact the sample and eject photoelectrons from the atomic core level and valence levels. The photoelectrons travel only a relatively short distance (~3nm) in solids before impacting the lattice and suffering an inelastic collision. This makes the technique inherently surface sensitive. The ejected photoelectrons are energy analysed (usually by a combination of an electrostatic lens and an electrostatic hemispherical analyser) and strike an electron detector. A computer based data system scans the electron energy and accumulates counts of the detected electrons, hence generating the photoelectron spectrum. The data system is also used for subsequent manipulation of spectra, eg. elemental identification, quantification, curve fitting and plotting.

     
    2008-01-22 22:56

    By Jeswald W. Salacuse phone 1-800-988-0866 or 617-783-7500
    Permission to copy or republish:
    phone 617-783-7587


    Real Leaders Negotiate

    Leverage three negotiation fundamentals to boost your power and persuasiveness as a
    leader.
    by Jeswald W. Salacuse

    According to conventional wisdom, leading people requires vision, charisma, and a palpable self-confidence—but not negotiation skills. Negotiation is for use outside the firm—for instance, in cutting deals with partners, customers, and suppliers.


    The conventional wisdom is dead wrong. Leadership frequently does require negotiation, and good leaders are invariably effective negotiators. After all, authority has its limits. Some of the people you lead are smarter, more talented, and in some situations, more powerful than you are. In addition, often you’re called to lead people over whom you have no authority, such as members of commissions, boards, and other departments in your organization.
    To persuade people to follow your lead, you need to appeal to their interests, communicate with them effectively, and sell your vision—all of which are part of effective negotiation.


    In this article, which draws on ideas I explore in greater length in my book Leading Leaders: How to Manage Smart, Talented, Rich, and Powerful People (Amacom, 2005), I will show you how to increase your ability to leverage three key aspects of negotiation—interests, voice, and vision—so as to improve your power and persuasiveness as a leader.


    1. PRACTICE INTEREST-BASED LEADERSHIP

    Why should the people you're supposed to lead follow you? If you believe that your charisma, your position, or your vision is reason enough, you’re in trouble. While these qualities may affect how others relate to you, they won't compel them to follow you. People follow leaders when they judge that it’s in their best interest to do so. Just as wise negotiators focus on the other side’s interests, effective leaders seek to understand and satisfy the interests of those they lead. By doing so, they can better achieve organizational goals.


    Leaders’ failure to comprehend fully the interests of those they lead can have disastrous results. In 1985, Joseph Foran established Dallas-based Matador Petroleum Corp. to find and develop oil and gas deposits in the American Southwest. Through a series of shrewd acquisitions, Foran built Matador into one of the larger privately held petroleum firms in Texas. To raise capital, he gave investors seats on Matador’s board. With a 10% interest in Matador, Chairman and CEO Foran remained its largest individual investor.
    In spring 2003, Tom Brown Inc., a publicly traded Denver-based oil company, offered to buy Matador for $388 million. Foran opposed the offer, which he felt did not account for Matador’s growth potential. At the board meeting to discuss the bid, Foran was astounded when the other directors voted to approve the sale. He realized too late that the other directors’ interests were not the same as his own.
    Foran had the energy, talent, and time to build a company that would give him financial security in his retirement, which was still many years away. But most of the other directors were retired individuals who had been hurt by a falling stock market and declining investment returns. Their interest was to take the money and run— and that’s exactly what they did. Had Foran understood all this earlier, he might have been able to structure an arrangement that would have given the directors the cash they needed while still allowing him to keep control of his company.
    Effective leaders realize that they need to know people as individuals to truly understand their interests. Some of your peers care more about shoring up their power in the short term than they do about their units’ long-term health. Some individuals care more about long-term career development than about compensation. When you understand where the other person’s true interests lie, you can then shape your messages and your actions to accommodate those interests in ways that will achieve your leadership goals.


    2. FIND THE RIGHT LEADERSHIP VOICE
    When the poet Walt Whitman wrote, “Surely, whoever speaks to me in the right voice, him or her I shall follow,” he conveyed the notion that persuasive communication is fundamental to effective leadership. Whitman’s words also underscore the importance of shaping leadership
    communications to meet individual concerns, interests, and styles. When deciding how to communicate, recognize that the medium you choose reveals something about you and your relationship with the person you are trying to lead.


    Suppose that you’re a company CEO trying to persuade your board of directors to support an ac-quisition. What if you sent each board member a detailed memorandum stating the terms and consequences of the deal? Intentionally or unintentionally, a generic memo could signal that you take members’ support for granted, that you place little value on their opinions, and that you, not they, are running the show.


    Instead, you might personally visit each director to explain the acquisition’s importance. A face-to-face meeting shows the individual director that her support is important and that you respect her autonomy and judgment. What’s more, holding such one-on-one meetings will help you get to know your directors’ individual interests and concerns, structure arrangements that satisfy those interests and concerns, and still allow you to make the acquisition that you feel is important for the company’s future.


    “As chairman, I thought I had been leading the other directors in the boardroom at our quarterly meetings,” says Foran, the Texas CEO who was outvoted by his board. “I should have been trying to lead them one-on-one outside the boardroom a lot more frequently.”


    3. NEGOTIATE A VISION FOR THE ORGANIZATION
    Organizations, large and small, look to their leaders to establish vision. Popular commentary on corporate leadership presupposes that a company’s vision comes from its CEO and that, without a strong CEO, the company has no vision. But that’s not necessarily the case. Members located throughout an organization have plenty of thoughts about what the organization is and should be. Thus, the challenge of setting a group’s course lies in forging a single vision out of the multiplicity of visions held by the group’s members.


    Leaders at Goldman Sachs, the venerable investment-banking partnership, faced exactly this challenge as they sought to negotiate its transformation into a publicly traded corporation. In 1986, Goldman Sachs was a $38 billion business owned by more than almost 200 active and retired partners. While the partnership structure had insulated the company from the vicissitudes of the stock market and given the company a strong culture of teamwork, it had some signifi cant disadvantages, particularly an unstable capital base and an inability to grow by making acquisitions with stock.


    Th e firm’s nine-person management committee thus recommended that Goldman Sachs become a corporation and sell its shares to the public. Over several meetings over several years, starting in 1986, the management committee failed to convince the partners. It wasn’t until 1998, when the firm’s two cochairmen engaged in one-on-one conversations with nearly all the firm’s 190 partners, that the partners voted to accept the recommendation.


    As this example shows, the process of articulating a vision is one of negotiation—in particular, multilateral negotiation, which usually requires intensive, face-to-face coalition building.
    Like a skilled diplomat, a leader—whether a corporate CEO or a department head—negotiates support from followers by appealing to their interests, communicating with each of them in the right voice and medium, and forging a single compelling vision that all can get behind. .


    Jeswald W. Salacuse is the Henry J. Braker Professor of Law at the Fletcher School of Law & Diplomacy at Tufts Univer-sity and a member of the faculty of the Program on Negotiation at Harvard Law School. His latest book,
    Leading Leaders: How to Manage Smart, Talented, Rich, and Powerful People (Amacom, 2005), expands on the ideas presented in this article. He can be reached at MUOpinion@ hbsp.harvard.edu.
    HARVARD MANAGEMENT UPDATE | JUNE 2007

     
    2008-01-22 22:14

    In the aftermath of every "nonprofit mismanagement" news story is the question: Why didn't the Board do something? Yet the boards of the United Way of America, Covenant House and others did not do any less than most nonprofit boards. The reality is that most nonprofit boards are ineffective in their governing function. Only when gross mismanagement occurs does a failure at governance come to the fore.

    The overlooked reason is that the prevailing "team" model for the relationship between boards of directors and their staff is only half of the story. "Team" members are understood to bring different skills and play different roles to support and build the organization, working toward common goals. But while board members should and do act as supporters and builders, they have another role to play as questioners and monitors of the organization. As part of the team, the board stands with their well-intentioned organization as it operates in a demanding world. In contrast, in their governing role, the board must stand outside the organization and hold it accountable to the public interest.

    Both these roles--supporting and governing--are critical to effective work by nonprofit organizations. Rather than try to eliminate the contradictions and tensions of their governance role, boards must find techniques for strengthening their independence and creatively using this tension for the good of the organization and the purpose it was created to serve.

    What is governance?

    The two roles of support and governance encompass different tasks. In the role of supporters board members strive to ensure the success of the organization. Boards raise money, bring contacts and clout to the organization, provide special skills such as in law or accounting, and act as ambassadors to the community. The many books, articles and seminars on the subject testify to the emphasis on helping boards help--on strengthening organizations by means of board assistance.

    The governance role, on the other hand, has as its goal protection of the public interest. Governance responsibilities for boards include selecting the top executive (the Chief Executive Officer) and assessing his or her performance, reviewing and authorizing plans and commitments, ensuring compliance with legal and contract requirements, and evaluating the organization's work.

    The Paradox and the Challenge

    The board-staff relationship is a paradoxical one. When acting in their governing role, the board must stand above staff and be the "boss." But when acting in their supporting role, board members act to support and assist staff-led work.

    Some boards become so excited about their roles as governors that they mistake governance for close supervision of management and begin meddling in minor management affairs. In other cases, as boards govern more, they shirk their supporting role. The challenge is to fulfill both roles, not simply switch from one to the other.

    In short, boards have some inherent limitations in their ability to govern, including lack of time, lack of familiarity with the field, and lack of material stake. These limitations have been supplemented by the sector's nearly exclusive emphasis on the board's supporting role and by a human tendency to avoid conflict. A first step towards an effective board is acknowledgment of the paradox, and the need to perform both functions equally well. A failure to govern as well as support is a transgression both against clients and the wider community.

    Practical Ways to Strengthen Governance

    Here are some practical ways to strengthen governance:

    • Have auditors and program evaluators report to the board. Agencies frequently hire two types of independent evaluators: CPA auditors and program evaluators. But in both cases these independent professionals are typically chosen by staff (often with just a cursory approval by the board), report to staff, and work as partners to staff in the staff's relationship with the board. Instead, such evaluators should make their reports directly to the board and to the staff. Auditors should be selected by and report to the board or the board audit committee.
    • Hire independent management evaluators. In addition to auditors and program evaluators, boards need unbiased sources of information about management as well. One of the most difficult tasks for boards is the evaluation of the CEO. On one hand a board can't interview staff about their opinions, but on the other hand, problems are created when a board obtains all its information from the person being evaluated. An independent evaluator might interview staff, and, for example, if there were several allegations of sexual harassment, would report to the board that such charges exist.
    • Make governance an explicit part of meetings. Boards should affirm their responsibilities in both support and governance. Board agendas should be clearly marked "Governance Items," and "Supporting Items." Among the qualities we should seek and reward in board members are critical thought, discernment, questioning attitude. When someone raises an objection or concern, or votes against the majority, the board president should make a point of going up to that person and expressing appreciation for the seriousness and courage to make the point.
    • Consider board stipends. To give a signal about the importance and seriousness of board work, we should take another look at the corporate practice of payments for board service. Much of the nonprofit sector has summarily dismissed such stipends: isn't the board supposed to raise money? Some large nonprofit institutions already pay board members $200/meeting, but smaller organizations could consider small stipends such as $15/meeting. Such stipends reimburse board members for expenses, and demonstrate visibly that the agency places a real value on board support and governance. (Some board members may choose to contribute their stipends back to their organizations.)
    • Consider a paid secretary to the board. Local government councils and commissions often have their own staff, separate from the agency staff that reports to the Chief Administrative Officer. Boards of many nonprofits have far-reaching responsibilities, and board officers may not have personal secretaries they can assign to board support. A paid board secretary, perhaps working only a few hours a week, can act as the board's facilitator, reminder, educator. Duties might include: board correspondence, obtaining information from staff or others at board request, clipping from professional journals for the board, minutes and follow-up for the board, meeting arrangements, and helping new officers with their responsibilities. Having their "own" staff can help board members be better supporters as well as governors.
    • Recruit governors. When recruiting, boards should seek members who are good governors as well as those who are good supporters: people who know clients as well as people who know philanthropists, people familiar with nonprofit management as well as those familiar with business, operational volunteers as well as fundraising volunteers, people who ask critical questions as well as people who cheer. A diverse board such as this will keep the agency rooted in the world it serves as well as in the world in which it raises funds. In many cases, governors and supporters may turn out to be the same people once governing responsibilities are recognized and valued as much as supporting responsibilities are.

    (From The Nonprofit GENIE Copyright (c)1994-95 Support Center, 706 Mission Street, 5th Floor, San Francisco, CA, USA 94103-3113. 415-541-9000. Distribution and reprinting permitted as long as this copyright notice is included. All Rights Reserved.)

     
    2008-01-22 21:57

    By Elizabeth Stanton

    Jan. 22 (Bloomberg) -- U.S. stock-index futures tumbled on concern an emergency interest rate cut by the Federal Reserve will fail to halt a worsening global economic slowdown.

    Exxon Mobil Corp., the largest oil company, and Barrick Gold Corp., the biggest gold producer, fell as crude and metal prices decreased. Bank of America Corp. declined after the second-largest U.S. bank said earnings dropped 95 percent.

    S&P 500 Index futures expiring in March retreated 40.5, or 3.1 percent, to 1,284.8 as of 8:36 a.m. in New York after earlier slumping as much as 5.3 percent. The MSCI World Index fell 0.2 percent. The Dow Jones Stoxx 600 Index added 1.5 percent after earlier dropping as much as 4.1 percent.

    ``People may see it as an extreme step and feel that it's a sign the situation is worse than they had anticipated,'' said John Carey, who helps oversee about $13 billion at Pioneer Investment Management in Boston. ``This will definitely wake people up who were thinking the economy was just fine.''

    The Fed lowered its benchmark rate by 0.75 percentage point to 3.5 percent in its first emergency move since 2001. Policy makers weren't scheduled to gather on rates until Jan. 29-30.

    ``While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate,'' the Fed said in a statement. The Federal Open Market Committee took the action ``in view of a weakening of the economic outlook and increasing downside risks to growth.''

    To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net

    Last Updated: January 22, 2008 08:39 EST
     
    2008-01-22 21:45

    To really look at the difference between stocks and bonds you have to understand the basics of each. Definitions make up our world and help us with understanding, so here we go. In common parlance we can compare a company to a house. When a person buys a house, they have a deed, which is a legal declaration and description of the property. Stocks are like owning a portion of the deed for a company.

    So, in a simple example, if a company has a book value of $100,000 and they want to sell 100 shares, the shares might be considered worth $1000 each. In exchange for the share, a shareholder, also known as stock holder, would be entitled to a share of any net profits the company makes. Using our simple example, each share holder may get 1% of the net profit as a return on their investment. If the company makes no money, there would be no return on investment (ROI). In the event of a loss, the company might be worth only $90,000 and the shares might then sell for $900. This is an overly simplified view, but this is for illustration purposes only.

    Using the same scenario, if that same company wanted to raise money, but not sell shares, they might sell bonds. Generally a bond is considered a loan to the company. (Bonds are also issued by municipalities, from local governments to federal governments.) This loan might be that the company will sell you a $1,000 bond for $800 and the bond would be worth $1,000 when it matures (in 8 to 10 years typically.) During the maturing, the company also agrees to pay a fixed amount every six months. The fixed amount usually is tied to the current interest rates, but does not have to be.

    So what are the advantages and disadvantages of each of these? Unless a company goes bankrupt, you are guaranteed to have a return on investment with a bond. They are more stable, predictable and safer investments. They also aren’t usually giving you large returns. Another disadvantage is that they are not liquid, and you can pay a penalty for cashing them prior to their due date. Stocks, on the other hand, can give you greater returns, but carry a higher risk with no guarantees. They are more liquid, so if you need to get to your money more quickly, there are no consequences like penalties, just the standard fees involved for your transaction.

    In other words, a bond is like the tortoise and a stock like a hare. Remember though, sometimes it is rabbit season, and your hare may be scalped.

    Normal advice given to investors is to have more money in the higher risk stocks while you are younger and to gradually shift to the more conservative bonds as you get closer to retirement.

     
    2008-01-15 23:06
    2.8.1. Simple recombination-generation model
    2.8.2. Band-to-band recombination
    2.8.3. Trap assisted recombination
    2.8.4. Surface recombination
    2.8.5. Auger recombination
    2.8.6. Generation due to light

    Recombination of electrons and holes is a process by which both carriers annihilate each other: electrons occupy - through one or multiple steps - the empty state associated with a hole. Both carriers eventually disappear in the process. The energy difference between the initial and final state of the electron is released in the process. This leads to one possible classification of the recombination processes. In the case of radiative recombination, this energy is emitted in the form of a photon. In the case of non-radiative recombination, it is passed on to one or more phonons and in the case of Auger recombination it is given off in the form of kinetic energy to another electron. Another classification scheme considers the individual energy levels and particles involved. These different processes are further illustrated with Figure 2.8.1.

    Figure 2.8.1 : Carrier recombination mechanisms in semiconductors

    Band-to-band recombination occurs when an electron moves from its conduction band state into the empty valence band state associated with the hole. This band-to-band transition is typically also a radiative transition in direct bandgap semiconductors.

    Trap-assisted recombination occurs when an electron falls into a "trap", an energy level within the bandgap caused by the presence of a foreign atom or a structural defect. Once the trap is filled it cannot accept another electron. The electron occupying the trap, in a second step, moves into an empty valence band state, thereby completing the recombination process. One can envision this process as a two-step transition of an electron from the conduction band to the valence band or as the annihilation of the electron and hole, which meet each other in the trap. We will refer to this process as Shockley-Read-Hall (SRH) recombination.

    Auger recombination is a process in which an electron and a hole recombine in a band-to-band transition, but now the resulting energy is given off to another electron or hole. The involvement of a third particle affects the recombination rate so that we need to treat Auger recombination differently from band-to-band recombination.

    Each of these recombination mechanisms can be reversed leading to carrier generation rather than recombination. A single expression will be used to describe recombination as well as generation for each of the above mechanisms.

    In addition, there are generation mechanisms, which do not have an associated recombination mechanism, such as generation of carriers by light absorption or by a high-energy electron/particle beam. These processes are referred to as ionization processes. Impact ionization, which is the generation mechanism associated with Auger recombination, also belongs to this category. The generation mechanisms are illustrated with Figure 2.8.2.

    Figure 2.8.2 : Carrier generation due to light absorption and ionization due to high-energy particle beams

    Carrier generation due to light absorption occurs if the photon energy is large enough to raise an electron from the valence band into an empty conduction band state, thereby generating one electron-hole pair. The photon energy needs to be larger than the bandgap energy to satisfy this condition. The photon is absorbed in this process and the excess energy, Eph - Eg, is added to the electron and the hole in the form of kinetic energy.

    Carrier generation or ionization due to a high-energy beam consisting of charged particles is similar except that the available energy can be much larger than the bandgap energy so that multiple electron-hole pairs can be formed. The high-energy particle gradually loses its energy and eventually stops. This generation mechanism is used in semiconductor-based nuclear particle counters. As the number of ionized electron-hole pairs varies with the energy of the particle, one can also use such detector to measure the particle energy.

    Finally, there is a generation process called impact ionization, the generation mechanism that is the counterpart of Auger recombination. Impact ionization is caused by an electron/hole with an energy, which is much larger/smaller than the conduction/valence band edge. The detailed mechanism is illustrated with Figure 2.8.3.

    Figure 2.8.3: Impact ionization and avalanche multiplication of electrons and holes in the presence of a large electric field.

    The excess energy is given off to generate an electron-hole pair through a band-to-band transition. This generation process causes avalanche multiplication in semiconductor diodes under high reverse bias: As one carrier accelerates in the electric field it gains energy. The kinetic energy is given off to an electron in the valence band, thereby creating an electron-hole pair. The resulting two electrons can create two more electrons which generate four more causing an avalanche multiplication effect. Electrons as well as holes contribute to avalanche multiplication.

    2.8.1. Simple recombination-generation model

    Next Subsection

    A simple model for the recombination-generation mechanisms states that the recombination-generation rate is proportional to the excess carrier density. It acknowledges the fact that no net recombination takes place if the carrier density equals the thermal equilibrium value. The resulting expression for the recombination of electrons in a p-type semiconductor is given by:

    (2.8.1)

    and similarly for holes in an n-type semiconductor:

    (2.8.2)

    where the parameter t can be interpreted as the average time after which an excess minority carrier recombines.

    We will show for each of the different recombination mechanisms that the recombination rate can be simplified to this form when applied to minority carriers in a "quasi-neutral" semiconductor. The above expressions are therefore only valid under these conditions. The recombination rates of the majority carriers equals that of the minority carriers since in steady state recombination involves an equal number of holes and electrons. Therefore, the recombination rate of the majority carriers depends on the excess-minority-carrier-density as the minority carriers limit the recombination rate.

    Recombination in a depletion region and in situations where the hole and electron density are close to each other cannot be described with the simple model and the more elaborate expressions for the individual recombination mechanisms must be used.

    2.8.2. Band-to-band recombination

    Next Subsection

    Band-to-band recombination depends on the density of available electrons and holes. Both carrier types need to be available in the recombination process. Therefore, the rate is expected to be proportional to the product of n and p. Also, in thermal equilibrium, the recombination rate must equal the generation rate since there is no net recombination or generation. As the product of n and p equals ni2 in thermal equilibrium, the net recombination rate can be expressed as:

    (2.8.3)

    where b is the bimolecular recombination constant.

    2.8.3. Trap assisted recombination

    Next Subsection

    The net recombination rate for trap-assisted recombination is given by:

    (2.8.4)

    The derivation of this equation is beyond the scope of this text.

    This expression can be further simplified for p >> n to:

    (2.8.5)

    and for n >> p to:

    (2.8.6)

    were

    (2.8.7)

    2.8.4. Surface recombination

    Next Subsection

    Recombination at surfaces and interfaces can have a significant impact on the behavior of semiconductor devices. This is because surfaces and interfaces typically contain a large number of recombination centers because of the abrupt termination of the semiconductor crystal, which leaves a large number of electrically active states. In addition, the surfaces and interfaces are more likely to contain impurities since they are exposed during the device fabrication process. The net recombination rate due to trap-assisted recombination and generation is given by:

    (2.8.8)

    This expression is almost identical to that of Shockley-Hall-Read recombination. The only difference is that the recombination is due to a two-dimensional density of traps, Nts, as the traps only exist at the surface or interface.

    This equation can be further simplified for minority carriers in a quasi-neutral region. For instance for electrons in a quasi-neutral p-type region p >> n and p >> ni so that for Ei = Est, it can be simplified to:

    (2.8.9)

    where the recombination velocity, vs, is given by:

    (2.8.10)

    2.8.5. Auger recombination

    Next Subsection

    Auger recombination involves three particles: an electron and a hole, which recombine in a band-to-band transition and give off the resulting energy to another electron or hole. The expression for the net recombination rate is therefore similar to that of band-to-band recombination but includes the density of the electrons or holes, which receive the released energy from the electron-hole annihilation:

    (2.8.11)

    The two terms correspond to the two possible mechanisms.

    2.8.6. Generation due to light

    Next Subsection

    Carriers can be generated in semiconductors by illuminating the semiconductor with light. The energy of the incoming photons is used to bring an electron from a lower energy level to a higher energy level. In the case where an electron is removed from the valence band and added to the conduction band, an electron-hole pair is generated. A necessary condition is that the energy of the photon, Eph,is larger than the bandgap energy, Eg. As the energy of the photon is given off to the electron, the photon no longer exists.

    If each absorbed photon creates one electron-hole pair, the electron and hole generation rates are given by:

    (2.8.12)

    where a is the absorption coefficient of the material at the energy of the incoming photon. The absorption of light in a semiconductor causes the optical power to decrease with distance. This effect is described mathematically by:

    (2.8.13)

    The calculation of the generation rate of carriers therefore requires first a calculation of the optical power within the structure from which the generation rate can then be obtained using (2.8.12).

    Example 2.11 Calculate the electron and hole densities in an n-type silicon wafer (Nd = 1017 cm-3) illuminated uniformly with 10 mW/cm2 of red light (Eph = 1.8 eV). The absorption coefficient of red light in silicon is 10-3 cm-1. The minority carrier lifetime is 10 ms.
    Solution

    The generation rate of electrons and holes equals:

    where the photon energy was converted into Joules. The excess carrier densities are then obtained from:

    The excess carrier densities are then obtained from: So that the electron and hole densities equal:

     
    2008-01-15 22:59

    History of the Stock Exchange

    One of the biggest misconceptions is that the first stock exchange in America was the New York Stock Exchange. But those who think that this is true might be surprised to find out that the first stock exchange in America was actually in Philadelphia, PA, and it was founded in the year 1790. The very famous New York Stock Exchange was not founded until two years later, in 1792.

    Another thing that you hear talk about with regards to the stock exchange is Wall Street. Sometimes people wonder how it got its name. That is actually a very interesting story. Back in 1653, a twelve foot stockade was built by the Dutch settlers to guard against British and Native American attacks. The sturdy wall stood for over 30 years, until 1685. At that time, the wall was torn down and a street was built in it's place - hence the name Wall Street.

    The stock market has evolved greatly over the past few centuries. From its humble beginnings in Philadelphia, PA, to the New York Stock Exchange, which is known world wide, the stock market has grown in leaps and bounds. That's not to say that there haven't been problems. Most everyone has heard of the great stock market crash of 1929. There are now steps that the government has taken to prevent such a large crash from happening again, but that doesn't mean that the possibility still isn't there.

    The stock market is a place where you can make a lot of money but you can also lose a lot of money as well. If you have decided that you want to try investing in the stock market, it's a good idea to do some research and get advice from people that you trust and who are already investing in the stock market. But be careful, because if you don't invest wisely you can lose a lot of money. Be wise with your investments and take the time to do your homework. This will help you to make the right decision when it comes to your investments.

     
    2008-01-15 22:20

    Macroscopic assemblies of semiconductor particles, with dimensions in the nanometer range, permeated with a transparent conducting phase (nanoporous electrodes) show a useful behavior in applications such as photocatalysis and dye-sensitized solar cells. A fundamental event in dye-sensitized solar cells is the recombination of photoinjected electrons with acceptor species (ionic holes) in the electrolyte phase surrounding the nanoparticles. Intrinsic semiconductor surface states play an important role in this process, not only as electron traps but also as intermediate states for electron transfer to the electrolyte (interfacial recombination centers). To describe the electron lifetime of electron trapped at band gap surface states, the concepts developed in the early analysis of recombination processes in photoconductors, such as the demarcation level, are quite useful. However, in photoelectrochemical systems (dye-sensitized solar cell), holes can be identified with oxidized, electrolyte dissolved species so that a new statistical analysis of the interfacial recombination process, considering the distribution of fluctuating, electrolyte energy levels, is required. Moreover, since in dyesensitized solar cells the quasi-Fermi level for electrons, EFn / , controls both the photovoltage and the rate of electron transport through the porous network, it is of great significance to find a correlation between the traps occupancy and EFn / . We develop a consistent formulation that, fulfilling these requirements, allows to deal with an arbitrary distribution of band gap surface states. Our analysis, which is based on those physical parameters describing the probability of electron transfer among band gap surface states, the conduction band, and electrolyte levels, allows macroscopic recombination time constants to be defined. The model considers different mechanisms for the transfer of photogenerated electrons from the semiconductor to empty electrolyte levels: direct electron transfer from conduction band states, indirect transfer of electrons trapped at monoenergetic, deep surface states, and indirect transfer of electrons trapped at an exponential distribution of band gap surface states near the conduction band. The analysis shows the great influence of the distribution of electrolyte levels and band gap surface states on the electron recombination kinetics under open circuit conditions.

    .......

    Juan Bisquert,*,† Arie Zaban,‡ and P. Salvador§
    Departament de Cie`ncies Experimentals, UniVersitat Jaume I, 12080 Castello´, Spain, Department of Chemistry,
    Bar-Ilan UniVersity, Ramat-Gan 52900, Israel, and Departament de Matema`tiques i Informa`tica, UniVersitat de
    les Illes Balears, 07071 Palma de Mallorca, Spain
    ReceiVed: May 2, 2002

     
    2008-01-14 22:08

    ScienceDaily (Jan. 14, 2008) — University of Minnesota researchers have created a beating heart in the laboratory.

    By using a process called whole organ decellularization, scientists from the University of Minnesota Center for Cardiovascular Repair grew functioning heart tissue by taking dead rat and pig hearts and reseeding them with a mixture of live cells.

    "The idea would be to develop transplantable blood vessels or whole organs that are made from your own cells," said Doris Taylor, Ph.D., director of the Center for Cardiovascular Repair, Medtronic Bakken professor of medicine and physiology, and principal investigator of the research.

    Nearly 5 million people live with heart failure, and about 550,000 new cases are diagnosed each year in the United States. Approximately 50,000 United States patients die annually waiting for a donor heart.

    While there have been advances in generating heart tissue in the lab, creating an entire 3-dimensional scaffold that mimics the complex cardiac architecture and intricacies, has always been a mystery, Taylor said.

    It seems decellularization may be a solution -- essentially using nature's platform to create a bioartifical heart, she said.

    Decellularization is the process of removing all of the cells from an organ -- in this case an animal cadaver heart -- leaving only the extracellular matrix, the framework between the cells, intact.

    After successfully removing all of the cells from both rat and pig hearts, researchers injected them with a mixture of progenitor cells that came from neonatal or newborn rat hearts and placed the structure in a sterile setting in the lab to grow.

    The results were very promising, Taylor said. Four days after seeding the decellularized heart scaffolds with the heart cells, contractions were observed. Eight days later, the hearts were pumping.

    "Take a section of this 'new heart' and slice it, and cells are back in there," Taylor said. "The cells have many of the markers we associate with the heart and seem to know how to behave like heart tissue."

    "We just took nature's own building blocks to build a new organ," said Harald C. Ott, M.D., co-investigator of the study and a former research associate in the center for cardiovascular repair, who now works at Massachusetts General Hospital. "When we saw the first contractions we were speechless."

    Researchers are optimistic this discovery could help increase the donor organ pool.

    In general, the supply of donor organs is limited and once a heart is transplanted, individuals face life-long immunosuppression, often trading heart failure for high blood pressure, diabetes, and kidney failure, Taylor said.

    Researchers hope that the decellularization process could be used to make new donor organs. Because a new heart could be filled with the recipient's cells, researchers hypothesize it's much less likely to be rejected by the body. And once placed in the recipient, in theory the heart would be nourished, regulated, and regenerated similar to the heart that it replaced.

    "We used immature heart cells in this version, as a proof of concept. We pretty much figured heart cells in a heart matrix had to work," Taylor said. "Going forward, our goal is to use a patient's stem cells to build a new heart."

    Although heart repair was the first goal during research, decellularization shows promising potential to change how scientists think about engineering organs, Taylor said. "It opens a door to this notion that you can make any organ: kidney, liver, lung, pancreas -- you name it and we hope we can make it," she said.

    Researchers of the Center for Cardiovascular Repair team were assisted in their study by researchers from the University of Minnesota Department of Biomedical Engineering, who helped analyze data.

    The research will be published online in the January 13 issue of Nature Medicine. The study was funded by the Medtronic Foundation Endowment and a faculty research development grant from the University of Minnesota Academic Health Center.

    Adapted from materials provided by University of Minnesota.

    University of Minnesota (2008, January 14). Beating Heart Created In Laboratory: Method May Revolutionize How Organ Tissues Are Developed. ScienceDaily. Retrieved January 14, 2008, from http://www.sciencedaily.com­ /releases/2008/01/080113142205.htm
     
    2008-01-14 21:54
    By Martin LaMonica
    Staff Writer, CNET News.com

    Published: March 9, 2006, 4:00 AM PST

    Solar power, long seen as among the most promising of alternative energy sources, may finally get its chance to shine.

    Solar equipment manufacturers have been chasing the same goal for decades: producing a cheaper kilowatt of electricity. Now, after years of unfulfilled hopes, experts say that the solar picture is finally improving.

    New technology is being developed in solar photovoltaic (PV) systems. And, more important, investors seem to be taking the advice of none other than Thomas Edison, the legendary inventor who famously exclaimed: "I'd put my money on the sun and solar energy."

    Many decades later, venture capitalists are heeding that call.

    "Conditions have never been better because electricity prices are going up. The basic challenges with solar energy haven't gone away (since the 1970s) but clearly advances in material science, the economic conditions we're facing, and environmental mandates are all making solar much more attractive," said William Lese, managing director of venture capital firm Braemar Energy Ventures.

    The surge in venture capital activity dovetails with the growing interest overall in so-called clean technologies. "It's not like the Internet boom of the late 1990s, but there's a clear understanding that this is a market that is about to take off," said Steve Chadima, chief marketing officer at Energy Innovations, a manufacturer of energy systems spun off from incubator Idealab.

    Although still a fraction of overall energy industry, use of solar PV goods--products that convert light to electricity--saw rapid growth last year. The total market, which includes components and installation services, grew more than 50 percent in 2005, according to Clean Edge, a clean energy research firm.

    Brighter economic prospects for clean energy have set off a race to manufacture more efficient solar panels, which will improve the cost per kilowatt for consumers. Solar PV systems are still substantially more expensive than purchasing electricity generated from fossil fuels or nuclear power, according to industry experts.

    The high cost of silicon, the material that converts light to electricity in most solar panels today, is one of the biggest barriers to lowering the cost of solar PV systems, said solar company executives.

    "The industry is capacity constrained for the foreseeable future," said Richard Chleboski, vice president of worldwide expansion at Evergreen Solar, who spoke at a recent Piper Jaffray conference on the solar industry. "Technology is really key in this industry because it's a necessary component to create cost reductions."

    Going beyond silicon
    Established solar providers are betting that increased silicon capacity and improved manufacturing will make solar electricity more affordable and stoke more demand. But several smaller companies are taking widely varying routes with the same goal in mind.

    Many companies are investing in advanced manufacturing techniques that cut down on the amount of silicon required to make a panel. Evergreen Solar, for example, has devised a "string ribbon" production method which it says reduces silicon waste and boosts the efficiency of panels, thus lowering the overall system costs.

    Silicon-based solar panels dominate the market. But several smaller companies are challenging the incumbents with solar cells built from materials other than silicon.

    Start-ups Miasole, Nanosolar and DayStar Technologies are using so-called thin film solar cell processing and nanotechnology in an effort to boost efficiency and lower costs.

    "There are questions marks around the type of efficiency (thin film technology) can get and the longevity of the cells. But these companies are moving forward rapidly, beyond the R&D stage and into production," said Ron Pernick, principal of Clean Edge.

    Another approach is solar concentrators, where solar panels are equipped with mirrors to focus the sun rays on a photovoltaic cell to make them more productive at creating electricity. These products could be used to supplement the power of a large warehouse or retail outlet, for example.

    Energy Innovations, SolFocus, Solaria and Pacific SolarTech are working on concentrators. These systems are being pilot-tested, and the companies are expected to commercialize their products over the next year.

    Another notable nonsilicon solar company is Stirling Energy Systems. It is constructing huge farms of mirrored dishes in the California desert to generate electricity. It expects to deliver on its contracts to build facilities that generate hundreds of megawatts of power in late 2008, said Stirling CEO Bruce Osborn.

    Konarka, which recently raised an additional $20 million in venture funding, is pursuing organic photovoltaics, where solar cells are made from plastics.

    Although still in development, this process of "printing" organic solar cells results in flexible strips which can be used for a wide range of applications, from solar-powered cell phones to portable Army structures covered in photovoltaic material, according to the company.

    "If you want to dramatically lower the price of PV, it's not about scavenging the last piece of silicon. It's about changing the manufacturing process," Konarka CEO Howard Berke said at the Piper Jaffray conference earlier this month.

     
         
     
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