Through earnings announcements, conference calls, and other press releases, corporate executives have an opportunity to frame the narrative of financial disclosures. Numerous studies have shown that textual tone significantly influences stock returns, suggesting that through word choice, upper management may impact market reaction. In this study, we examine the influence of CEO personality traits on corporate disclosures by analyzing the tone of earnings announcements for a sample of Fortune 500 CEOs over nearly two decades. Our hypotheses are twofold: that qualitative (...) disclosures in firms with narcissistic leaders will be biased upward and the bias will moderate as CEOs becomes older. Our empirical results support these hypotheses and suggest that more narcissistic CEOs tend to reinforce their grandiose self-image by issuing more positive earnings announcements but this desire wanes with CEO age. We also find that the stock market response to the tone of the earnings announcement is less pronounced for more narcissistic CEOs, suggesting the market takes into account the bias in narcissistic CEO announcements. (shrink)

This contribution grapples with the question: Is there a relationship between Steve Biko’s ‘quest for a true humanity’ or, differently put, his search for South Africa’s ‘human face’ and Vuyani Vellem’s quest for an African spirituality? Our proposition is that there is such a relationship. This discussion is framed overall by two other questions: What is the relevance of this ‘quest’ within the present South African context, what is its contribution to the global situation and, fundamentally, what is the contribution (...) black liberation theology can make to these discourses? In the course of this exploration, we engage the concepts of Africanisation and Afrocentricity, colonisation, coloniality and decoloniality, and we ask whether a true Afro-pluralism is possible without a true African indigeneity. These concepts, we shall argue, are tools of struggle, not only in confronting colonisation and coloniality but also in battling imperialism, in the form I discuss here: the politics of vulgarity. I contend that an African spirituality, Biko’s ‘gift’ from Africa to the world, is the most appropriate vessel for that very gift.Contribution: This article serves as commemoration of the contribution the late Professor Vuyani Vellem made to the qualitative substantiation of black theology liberation in South Africa. It demonstrates the powerful way in which Afro-pluralism enhances the contra-narrative of imperialism and colonialism. (shrink)

The assassination of Martin Luther King Jr, 50 years ago on 04 April 1968, has been recalled in the United States with memorial services, conferences, public discussions and books. In contrast, the commemoration in 2017 of the death of Albert John Mvumbi Luthuli, 50 years ago on December 1967, passed almost unremarked. That is to our detriment. Yet, these two Christian fighters for freedom, in different contexts, did not only have much in common, but they also left remarkably similar and (...) equally inspiring legacies for South Africa, the United States and the world in the ways they lived their lives in complete faith commitment to ideals and ways of struggle that may guide us in the ongoing struggles to make the world a more just, peacable and humane place. For South African reflections on our ethical stance in the fierce, continuing struggles for justice, dignity and the authenticity of our democracy, I propose that these two leaders should be considered in tandem. We should learn from both. This article engages Martin Luther King Jr’s belief in the ‘inescapable network of mutuality’, applies it to the struggle for freedom in South Africa and explores the ways in which South Africans can embrace these ethical ideals in facing the challenges of post-liberation. (shrink)

This article examines the manner and method of resistance against patriarchal power and privilege. Two types of power are contrasted. One is the violent, war-like and hierarchical power of an empire, and the other is the faithful resistance of Israel's prophets. A further distinction is made between violent male power and non-violent female power. It is argued that Miriam was a prophet of the people and her prophetic witness is an example of the power and outcome of non-violent resistance. Her (...) theology explicitly and specifically praises God not as a warrior. Hers is not a muscular, masculine God whose power seeks to match the power of empire. Her God has a power that through radical love for a slave people and taking sides with the enslaved overcomes the power of the slaveholder. In her theology, Miriam recalls the God of the exodus, who begins the acts of liberation with the women, to whose faithfulness, courage and defiant obedience, the freedom of the people is entrusted. From a feminist perspective it is argued that this style of non-violent, faithful prophetic witness has a greater impact than violent resistance associated with an empire-like power. It is suggested that black liberation theology should adopt this paradigm in its witness of and resistance against oppression. (shrink)

Classic voltaic batteries of the silver/zinc and copper/zinc types are the ancestors of today's primary cells, and facilitated the development of many aspects of electrical technology. Nevertheless, they appear never to have been studied and evaluated in a quantitative manner, with results recorded in terms of volts, amps, ohms, and watts. Research of this nature is reported here, and has been conducted for the most part with copper/zinc cells. Log–log graphs of voltage versus load and current, and power versus load, (...) are presented for many electrolyte systems. It has been shown that, although the textbook electrolyte of dilute sulphuric acid does work, it is an order of magnitude inferior to a solution containing some additional nitric acid. The latter diminishes the current‐limiting phenomenon of polarization, and was in fact used by Davy, Faraday, and other early investigators. A quantitative consideration of Nicholson and Carlisle's discovery of the electrolysis of water with a silver/zinc voltaic pile is followed by examination of the electrolysis of pure water, trough batteries, and Davy's isolation of potassium and sodium. Every battery gives maximum power when its resistance is adjusted to match the resistance of the load: the maximum output of the ‘Great Battery’ of the Royal Institution is assessed at no more than 3 kW. The paper concludes with a note on the recognized hazard of long‐term exposure to mercury vapour and its possible relevance to the health of Michael Faraday. (shrink)

This paper examines the various types of small, portable heliostat which maintain a beam of sunlight in a constant direction. Used mainly in the second half of the nineteenth century, these instruments were intended for optical demonstrations and the illumination of microscopes and similar apparatus, rather than for astronomical applications. Three basic patterns are distinguished: polar heliostats , biaxial single-mirror heliostats, and coelostats. The theory and geometry of each type is explained, followed by a consideration in chronological order of the (...) corresponding working instruments. Heliostats by Fahrenheit, Meyerstein, 's Gravesande, Gambey, Silbermann, Foucault, Stoney and others are illustrated, and extensive references given. (shrink)

The true form of the seasonal-hour sundial, in both vertical and horizontal planes, has been calculated by spherical trigonometry and displayed with the aid of computer graphics. These grids are presented, and show that the hour lines are in fact shallow curves at sites not on the equator. The curvature becomes very apparent at latitudes exceeding 50°. The true seasonal-hour pattern for a vertical dial at a latitude of 52·6°N is compared with the equiangular scratch dial.

In the early 1800s galvanometers could be constructed with the fine gauges of silk-covered copper or silver wires produced for decorative purposes, but when Faraday was making his classic electrical experiments in 1831 he needed a sturdier gauge of copper wire. Bare copper wire was available in many diameters for mechanical applications, but coils for electromagnetic investigations had to be insulated with string and calico. It was soon realized that the cotton-covered springy iron wire then used to hold out the (...) brims of ladies' bonnets showed how copper wire might be similarly wrapped to provide a flexible insulation. The simple manual machines used by the bonnet-wire makers were readily adapted and improved, and a six-head version was built by William Henley. This craftsman's vision of the growing importance of insulated copper wire was abundantly justified, and he built up a large—but poorly organised—empire in the wire and cable trade. Henley's original multiple-head wrapping machine has been located in the Science Museum, London, and the associated silk-covered copper wire subjected to physical, chemical, and electrical testing. For comparison, the electrical conductivity of the ‘mechanical grade’ copper wire used by Faraday has also been determined. (shrink)

The lodestone is an extremely rare form of the mineral magnetite that occurs naturally as a permanent magnet. It therefore attracts metallic iron as well as fragments of ordinary ‘inert’ magnetite. This ‘magic’ property was known to many ancient cultures, and a powerful lodestone has always commanded a high price. By the eleventh century AD the Chinese had discovered that a freely suspended elongated lodestone would tend to set with its long axis approximately north–south, and utilized this property in the (...) magnetic compass. They also appear to have discovered that this invaluable characteristic could be handed‐on to a steel needle if the latter were contacted with, or stroked by, a lodestone.The magnetism of the lodestone was scientifically investigated by William Gilbert in the sixteenth century, when he defined its ‘poles' and the well‐known rule that ‘like poles repel, unlike attract’. He also studied ‘inclination’ and ‘variation’, and means to aid the preservation of magnetic power. How to concentrate it by ‘arming’ the lodestone with caps or pole‐pieces of soft iron was discovered in the same century. These methods have been repeated, confirmed, and improved. The lodestone occupies a vital place in the history of magnetism, but little beyond Gilbert's work can be reached by historical studies because vastly improved steel or alloy permanent magnets, and electromagnets, replaced it before quantitative measurements were developed. These techniques have therefore been applied retrospectively to both museum specimens and contemporary natural lodestones. A good source of the latter was found to be the igneous complex known as Magnet Cove, Arkansas, and this material has been used as the ‘type example’. All specimens were discrete, well‐rounded, rusty brown pebbles found near the surface. Their unweathered interiors were black titanomagnetite. No significant trace element or crystallographic differences could be found between the lodestones and the magnetically inert material that always accompanied them. The magnetic moment per unit volume of the ‘as‐found’ Magnet Cove lodestones varied between 6.5 and 11.6 emu cm−3, which compares poorly with the hundreds of units characteritzing modern permanent magnets. Hysteresis loops gave a saturation intensity of 27–51 emu cm−3, suggesting that intensity has diminished since formation. This agrees with general experience of magnets, especially in the absence of a ‘keeper’. The initial volume susceptibility of Magnet Cove magnetite was about 0.18 for low fields, and always remained <1. This means that a normal terrestrial magnetic field with a maximum vector <1 Oe is unable to induce even the low magnetic moments we see today, while a field approaching 1000 Oe is required for saturation. These parameters, and the rare occurrence of lodestones as near‐surface fragments, support suggestions that they are the product of a lightning strike upon an exposure of a suitable magnetite. Transient currents averaging 30 000 A have been measured. This would give rise to a zone of potential magnetic saturation at least 12 cm in diameter, to which some of the ejected fragments would be exposed. An attempt to determine the period elapsed since formation of the Magnet Cove lodestone was made by annealing magnetically saturated specimens at temperatures up to 500°C, and measuring J v at weekly intervals for 100 days. The decay curves visually resembled exponential functions, but mathematical tests proved that they were not strictly so. Interpretation was therefore difficult, but a pragmatic procedure involving excessive extrapolation suggested an ‘age’ of about 3500 years. (shrink)

This article demonstrates that Tacitus, who coined the term interpretatio Romana, used this concept differently than today's historians of religion. Tacitus differentiated between universal and local gods. It is also shown that this differentiation fits the author's structuring of "Germania", which he divides into a general and a specific part. This carries far-reaching consequences because for instance the cult of the Semnones is a local superstitio in tacitean terms, and the common identification of Roman with ”Germanic“ gods since J. Grimm (...) must be abandoned. Finally, the article establishes that G. Wissowa's seminal work on interpretatio Romana, which assumes the deity cults of Germania superior and inferior, fails to take into account that Tacitus, as a historian of religion, merely dealt with "authentic" and "original" Germania. (shrink)

The following article shows what Tacitus Ann. 15,44 thought of the role of the Chrestiani at the burning of the Roman capital A.D. 64 and why they themselves as punishment of their,,crime“ were crucified and burned. In order to demonstrate this the textus receptus is first analysed linguistically and its content interpreted in its historical and sociological context. It is ethnohistorically established as a fact that Tacitus counted the Chrestiani as a minority of the Iudaei. Linguistically it is proved that (...) the words aut flammandi atque ubi are corrupt and have to be emended ad flammas dati, ut, cum why some of the Chrestiani as part of their punishment were given to the flames, i.e. Latine: ad flammas dati. (shrink)

Altitude sundials do not require knowledge of the N-S direction to quantify time in terms of either seasonal or equal hours. Methods for determining the corresponding dial patterns are reviewed, and accurately computed data for a latitude of 51°N presented as horizontal, vertical, rectangular, and pillar dials on both timekeeping systems.

Canada balsam is secreted by cells in the bark of the balsam fir Abies balsamea, a conifer widely distributed across Canada and northern U.S.A. Collected by an extraordinarily labour-intensive process, it was initially exported to Europe for use in pharmacy. However, it found a much wider application after Brewster showed that the refractive index of 1·54–1·55 characterizing the vitreous mass remaining after heating the natural product exceeded that of most resins, and therefore closely matched the indices of ‘crown’ and ‘light (...) flint’ optical glasses. ‘Cooked’ Canada balsam was therefore very suitable for cementing achromatic lenses for telescopes and microscopes, as well as for mounting specimens for microscopical examination. Canada balsam remained pre-eminent for over a century, but the rise of synthetic adhesives and other substitutes has now relegated the natural balsam to a few specialized niches. (shrink)

Contemporary policymakers, as their predecessors, continue to view nomadic people as a weak minority, and their way of life and raising livestock as a backward and inefficient paradigm. Wherever nomads are not the dominant group, the trend to settle them continues even today as in the past. This book describes the changes forced upon formerly nomadic groups and how they still attempt to maintain their traditional, social, and cultural practices in their new settings. The book deals with the several modes (...) of livelihood of these communities, including entrepreneurship, and demonstrates the impact of investment-oriented urbanization policies leading to eviction from ancestral lands, and hurdles for nomadic mobility, ultimately threatening their survival. The book illustrates how some groups like the Borana and the Maasai practice livelihood diversity and raise productive livestock, and how other groups migrate to urban centers in search of employment and remit money to family members left in the rural areas. The book aims to raise awareness among the research community, especially those who work on regional and demographic labor policies. It helps in understanding why society needs to help build business and livelihood strategies without harming the values of nomadic groups. (shrink)

A brief self-report scale was developed to assess everyday performance failures arising directly or primarily from brief failures of sustained attention . The ARCES was found to be associated with a more direct measure of propensity to attention lapses and to errors on an existing behavioral measure of sustained attention . Although the ARCES and MAAS were highly correlated, structural modelling revealed the ARCES was more directly related to SART errors and the MAAS to SART RTs, which have been hypothesized (...) to directly reflect the lapses of attention that lead to SART errors. Thus, the MAAS and SART RTs appear to directly reflect attention lapses, whereas the ARCES and SART errors reflect the mistakes these lapses are thought to cause. Boredom proneness was also assessed by the BPS, as a separate consequence of a propensity to attention lapses. Although the ARCES was significantly associated with the BPS, this association was entirely accounted for by the MAAS, suggesting that performance errors and boredom are separate consequences of lapses in attention. A tendency to even extraordinarily brief attention lapses on the order of milliseconds may have far-reaching consequences not only for safe and efficient task performance but also for sustaining the motivation to persist in and enjoy these tasks. (shrink)

This book examines some of the deepest questions in philosophy: What is involved in judging a belief, action, or feeling to be rational?

The first major publication in English on the bamboo slips excavated from a late fourth century B.C. Chu-state tomb at Guodian, Hubei, in 1993. The slip texts include both Daoist and Confucian works, many previously unknown. Thie monograph is a full account of the international conference held on these texts, at which leading scholars from China, the United States, Europe, and Japan analyzed the Laozi materials and a previously unknown cosmological text. In addition, the contents include nine essays on topics (...) such as the archaeological background of the discovery, conservation of the slip-texts, and the relation of the Guodian Laozi materials to the received Laozi text. An annotated edition of the Guodian Laozi materials and the cosmological text are included, as well as a critical bibliography with summary of Chinese scholarship on the Guodian texts in the year following the conference. (shrink)

In this surprising book, Allan V. Horwitz argues that our current conceptions of mental illness as a disease fit only a small number of serious psychological conditions and that most conditions currently regarded as mental illness are cultural constructions, normal reactions to stressful social circumstances, or simply forms of deviant behavior.

An analytic cognitive style denotes a propensity to set aside highly salient intuitions when engaging in problem solving. We assess the hypothesis that an analytic cognitive style is associated with a history of questioning, altering, and rejecting supernatural claims, both religious and paranormal. In two studies, we examined associations of God beliefs, religious engagement, conventional religious beliefs and paranormal beliefs with performance measures of cognitive ability and analytic cognitive style. An analytic cognitive style negatively predicted both religious and paranormal beliefs (...) when controlling for cognitive ability as well as religious engagement, sex, age, political ideology, and education. Participants more willing to engage in analytic reasoning were less likely to endorse supernatural beliefs. Further, an association between analytic cognitive style and religious engagement was mediated by religious beliefs, suggesting that an analytic cognitive style negatively affects religious engagement via lower acceptance of conventional religious beliefs. Results for types of God belief indicate that the association between an analytic cognitive style and God beliefs is more nuanced than mere acceptance and rejection, but also includes adopting less conventional God beliefs, such as Pantheism or Deism. Our data are consistent with the idea that two people who share the same cognitive ability, education, political ideology, sex, age and level of religious engagement can acquire very different sets of beliefs about the world if they differ in their propensity to think analytically. (shrink)

Nielsen [Nielsen, T. . Felt presence: Paranoid delusion or hallucinatory social imagery? Consciousness and Cognition, 16, 975–983.] raises a number of issues and presents several provocative arguments worthy of discussion regarding the experience of the felt presence during sleep paralysis . We consider these issues beginning with the nature of FP and its relation to affective-motivational systems and provide an alternative to Nielsen’s reduction of FP to a purely spatial hallucination. We then consider implications of the “normal social imagery” model. (...) We can find only one specific empirical hypothesis articulated within this framework and it turns out to be one that we explicitly addressed in our original paper. We also review our position regarding the possible relation of FP during SP to a number of related anomalous experiences and contrast FP to anomalous vestibular-motor phenomena. We review our position that the neuromatrix concept, in the light of available evidence, is more appropriately applied to V-M experiences than FP. Finally, we pursue speculations, raised in Nielsen’s commentary, on the wider implications of FP. (shrink)

Innovative, data-driven methods provide more rigorous and systematic evidence for the description and explanation of diachronic semantic processes. The volume systematises, reviews, and promotes a range of empirical research techniques and theoretical perspectives that currently inform work across the discipline of historical semantics. In addition to emphasising the use of new technology, the potential of current theoretical models (e.g. within variationist, sociolinguistic or cognitive frameworks) is explored along the way.

In this thorough compendium, nineteen accomplished scholars explore, in some manner the values they find inherent in the world, their nature, and revelence through the thought of Frederick Ferré. These essays, informed by the insights of Ferré and coming from manifold perspectives—ethics, philosophy, theology, and environmental studies, advance an ambitious challenge to current intellectual and scholarly fashions.

In this thorough compendium, nineteen accomplished scholars explore, in some manner the values they find inherent in the world, their nature, and revelence through the thought of Frederick FerrZ. These essays, informed by the insights of FerrZ and coming from manifold perspectives—ethics, philosophy, theology, and environmental studies, advance an ambitious challenge to current intellectual and scholarly fashions.