We estimate the equity premium using CDS spreads and structural models of default. Our estimates yield equity premia of 6.50% (U.S.), 5.44% (Europe) and 6.21% (Asia) based on 5year CDS spreads from 2003-2007. Due to some conservative assumptions these estimates are upper limits for the equity premium. Using 3-, 7and 10-year CDS maturities yields similar results and o ers an opportunity to estim...

Defining Nanotechnology A nanometer is small. Very small. To be precise, a typical sheet of paper is 100,000 nanometers thick. Nearly 50 years ago, Richard Feynman gave a famous speech [1] in which the idea of nanotechnology was first envisioned. In it, he famously asked, “What would happen if we could arrange the atoms one by one the way we want them?” It took thirty years for microscopes to b...

FORT WASHINGTON, PA — On March 12, 2015, as part of its 20th Annual Conference: Advancing the Standard of Cancer Care TM, the National Comprehensive Cancer Network® (NCCN®) featured the commemorative event, 20 Years of Improving Cancer Care Together – An NCCN Roundtable Discussion. In recognition of NCCN’s 20th Anniversary, this special roundtable, moderated by Clifford Goodman, PhD, The Lewin ...

Effective stroke rehabilitation programs are characterised by an interdisciplinary team working cohesively and closely to provide a comprehensive rehabilitation program for each patient. These programs vary in terms of the types of therapies offered as well as their intensity and duration. Evidence related to stroke rehabilitation effectiveness, location, management and composition is presented...

Increasingly, universities are developing and implementing mentoring programs in an attempt to bridge the gap between classroom theory and its application in the real world. Participating in mentoring programs also allows students to develop a realistic view of the workplace, identify careers that are suitable for them and network with industry professionals. However, to date, evaluations of me...

In recent years, millions of new malicious programs are produced by a mature industry of malware production. These programs have tremendous challenges on the signature-based anti-virus products and pose great threats on network and information security. Machine learning techniques are applicable for detecting unknown malicious programs without knowing their signatures. In this paper, a Layered ...