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Is it possible to achieve almost riskless, nonfluctuating investment payoffs in the long run, at a fraction of the traditional funding requirement, using equity investments? What is their shortfall risk? These questions are motivated by the need to increase yields, while limiting the variability of investment results. We show how to use contingent claims, denominated in units of a stock index, to achieve an almost riskless investment outcome. To control the risk of the proposed hedge portfolios, we introduce an overfunded scheme and show its reliability using bootstrapping. Results show that a modest amount of overfunding is an effective risk-management approach that brings the probability of not achieving the target to less than 1 percent. Our results are based on the use of the minimal market model and a change of numeraire. Robustness tests support their validity under different market specifications.
The coronavirus disease 2019 (COVID-19) has serious physiological and psychological consequences. The long-term (>12 weeks post-infection) impact of COVID-19 on mental health, specifically in older adults, is unclear. We longitudinally assessed the association of COVID-19 with depression symptomatology in community-dwelling older adults with metabolic syndrome within the framework of the PREDIMED-Plus cohort.
Methods
Participants (n = 5486) aged 55–75 years were included in this longitudinal cohort. COVID-19 status (positive/negative) determined by tests (e.g. polymerase chain reaction severe acute respiratory syndrome coronavirus 2, IgG) was confirmed via event adjudication (410 cases). Pre- and post-COVID-19 depressive symptomatology was ascertained from annual assessments conducted using a validated 21-item Spanish Beck Depression Inventory-II (BDI-II). Multivariable linear and logistic regression models assessed the association between COVID-19 and depression symptomatology.
Results
COVID-19 in older adults was associated with higher post-COVID-19 BDI-II scores measured at a median (interquartile range) of 29 (15–40) weeks post-infection [fully adjusted β = 0.65 points, 95% confidence interval (CI) 0.15–1.15; p = 0.011]. This association was particularly prominent in women (β = 1.38 points, 95% CI 0.44–2.33, p = 0.004). COVID-19 was associated with 62% increased odds of elevated depression risk (BDI-II ≥ 14) post-COVID-19 when adjusted for confounders (odds ratio; 95% CI 1.13–2.30, p = 0.008).
Conclusions
COVID-19 was associated with long-term depression risk in older adults with overweight/obesity and metabolic syndrome, particularly in women. Thus, long-term evaluations of the impact of COVID-19 on mental health and preventive public health initiatives are warranted in older adults.
Soil-transmitted helminths, such as Ascaris lumbricoides, are the most prevalent parasites globally. Optimal anthelmintic treatment for A. lumbricoides in endemically infected communities is challenged by several host-related and environmental factors influencing infection acquisition. We assessed the risk of A. lumbricoides (re)infection after treatment in a Venezuelan rural community. Individual merthiolate-iodine-formaldehyde-fixed faecal samples were collected from 224 persons before a single-dose pyrantel treatment and at 1, 3, 6, 9 and 15 months after treatment. Effects of age, sex and socioeconomic status (SES) on A. lumbricoides prevalence, eggs/gram faeces (EPG) and infection (re)acquisition were assessed using both generalised linear mixed-effects models and survival analysis. Pre-treatment A. lumbricoides prevalence was 39.7%. Higher prevalence was associated with younger age and lower SES. Higher EPG values were observed among young children. Median time to A. lumbricoides infection was six months after treatment: at 1, 3, 6, 9 and 15 months post-treatment, cumulative incidence was 6.7%, 18.9%, 34.6%, 42.2%, and 52.6%, respectively. Younger age, lower SES, and pre-treatment A. lumbricoides infection status showed significantly elevated hazard ratios. Mass drug administration protocols would benefit from considering these factors in selective treatment strategies and possibly more than just annual or biannual treatments in the target population.
To examine the cross-sectional and longitudinal (2-year follow-up) associations between dietary diversity (DD) and depressive symptoms.
Design:
An energy-adjusted dietary diversity score (DDS) was assessed using a validated FFQ and was categorised into quartiles (Q). The variety in each food group was classified into four categories of diversity (C). Depressive symptoms were assessed with Beck Depression Inventory-II (Beck II) questionnaire and depression cases defined as physician-diagnosed or Beck II >= 18. Linear and logistic regression models were used.
Setting:
Spanish older adults with metabolic syndrome (MetS).
Participants:
A total of 6625 adults aged 55–75 years from the PREDIMED-Plus study with overweight or obesity and MetS.
Results:
Total DDS was inversely and statistically significantly associated with depression in the cross-sectional analysis conducted; OR Q4 v. Q1 = 0·76 (95 % CI (0·64, 0·90)). This was driven by high diversity compared to low diversity (C3 v. C1) of vegetables (OR = 0·75, 95 % CI (0·57, 0·93)), cereals (OR = 0·72 (95 % CI (0·56, 0·94)) and proteins (OR = 0·27, 95 % CI (0·11, 0·62)). In the longitudinal analysis, there was no significant association between the baseline DDS and changes in depressive symptoms after 2 years of follow-up, except for DD in vegetables C4 v. C1 = (β = 0·70, 95 % CI (0·05, 1·35)).
Conclusions:
According to our results, DD is inversely associated with depressive symptoms, but eating more diverse does not seem to reduce the risk of future depression. Additional longitudinal studies (with longer follow-up) are needed to confirm these findings.
The population structure of the black grouper (Mycteroperca bonaci) from the northern Yucatan Peninsula was evaluated with a two-fold emphasis on the spatial scales (whether island or coastal localities), as well as the effects of protection based on three natural protected areas (NPA) with different categories. To this end, specimens were collected at each NPA: Celestun (Biosphere Reserve) and Dzilam (State NPA) which are coastal and Alacranes (National Park) which is an island. Population discrimination was carried out by means of intestinal helminth parasite infracommunities and the hosts’ genetic similarities, highlighting the contradictions or coincidences between approaches. The intestinal parasitic fauna was examined in 161 specimens, of which 150 were genetically characterized using microsatellite DNA markers. Three distinct parasite communities were observed, in which taxa mainly responsible for the differences were the digeneans Prosorhynchus atlanticus, Prosorhynchus sp., Lepidapedoides epinepheli and Hamacreadium mutabile as well as the acanthocephalan Gorgorhynchus sp. The hosts’ genotypes indicated three genetically separated subunits that deviated significantly from Hardy–Weinberg equilibrium, and genetic differences evidenced a structured population. Despite the expectation that island NPAs would be distinctive, the coastal locality of Dzilam was the most differentiated. The present recognition of population subunits would indicate the beneficial effects of preserving the gene pool variability of the coastal Dzilam subunit since it is, at present, the least restrictive NPA where unregulated fishing is still allowed. Thus, this study indicates fishing regulations should be strengthened (e.g. determine catch quotas or reduce fishing effort) to prevent diversity loss (whether biological or genetic) in these NPAs, particularly in Dzilam, which is probably the most threatened area.
The early clinical predictors of respiratory failure in Latin Americans with Guillain–Barré syndrome (GBS) have scarcely been studied. This is of particular importance since Latin America has a high frequency of axonal GBS variants that may imply a worse prognosis.
Methods:
We studied 86 Mexican patients with GBS admitted to the Instituto Nacional de Ciencias Médicas y Nutrición Salvador Zubirán, a referral center of Mexico City, to describe predictors of invasive mechanical ventilation (IMV).
Results:
The median age was 40 years (interquartile range: 26–53.5), with 60.5% men (male-to-female ratio: 1.53). Most patients (65%) had an infectious antecedent (40.6% gastrointestinal). At admission, 38% of patients had a Medical Research Council (MRC) sum score <30. Axonal subtypes predominated (60.5%), with acute motor axonal neuropathy being the most prevalent (34.9%), followed by acute inflammatory demyelinating polyneuropathy (32.6%), acute motor sensory axonal neuropathy (AMSAN) (25.6%), and Fisher syndrome (7%). Notably, 15.1% had onset in upper limbs, 75.6% dysautonomia, and 73.3% pain. In all, 86% received either IVIg (9.3%) or plasma exchange (74.4%). IMV was required in 39.5% patients (72.7% in AMSAN). A multivariate model without including published prognostic scores yielded the time since onset to admission <15 days, axonal variants, MRC sum score <30, and bulbar weakness as independent predictors of IMV. The model including grading scales yielded lower limbs onset, Erasmus GBS respiratory insufficiency score (EGRIS) >4, and dysautonomia as predictors.
Conclusion:
These results suggest that EGRIS is a good prognosticator of IMV in GBS patients with a predominance of axonal electrophysiological subtypes, but other early clinical data should also be considered.
A cross-sectional survey to assess the prevalence of Enterobius vermicularis infection and its associated factors among the child population of infant, preschool and school age in the urban, rural and indigenous population of Iguazú city, in subtropical Argentina was presented. Additionally, the status of enterobiasis at country level was reviewed and analysed. Enterobius vermicularis presence was assessed employing an oviscopic serial sampling technique. Statistical analysis of socio-demographic determinants was performed by generalized linear mixed models at individual, household and community levels. Preferred Reporting Items for Systematic Reviews and Meta-Analysis guidelines were used to gather national information about E. vermicularis prevalence spanning the decade 2010–2020. A total of 916 children from 470 families participated. Overall prevalence was 29.8%, with 25.3, 30.7 and 34.2% detected for children inhabiting urban, rural and indigenous villages, respectively. The multi-level analysis showed that the presence of E. vermicularis was mostly determined by individual (e.g. age, playing habits, previous pinworm infection) and household-level factors (e.g. family size, overcrowding conditions). Interestingly, WASH variables, such as waste disposal, analysed at community level were also important. Data were analysed to provide eco-epidemiological features of enterobiasis in a heterogeneous subtropical child population in the same territory but with different socio-sanitary realities. The importance of promoting multi-level actions against the determinants identified, to control this public health problem integratively was evidenced. The scoping review of national data updated the state of knowledge of this parasitosis, identifying risk determinants and gaps in knowledge at country level.
The burden of depression is increasing worldwide, specifically in older adults. Unhealthy dietary patterns may partly explain this phenomenon. In the Spanish PREDIMED-Plus study, we explored (1) the cross-sectional association between the adherence to the Prime Diet Quality Score (PDQS), an a priori-defined high-quality food pattern, and the prevalence of depressive symptoms at baseline (cross-sectional analysis) and (2) the prospective association of baseline PDQS with changes in depressive symptomatology after 2 years of follow-up. After exclusions, we assessed 6612 participants in the cross-sectional analysis and 5523 participants in the prospective analysis. An energy-adjusted high-quality dietary score (PDQS) was assessed using a validated FFQ. The cross-sectional association between PDQS and the prevalence of depression or presence of depressive symptoms and the prospective changes in depressive symptoms were evaluated through multivariable regression models (logistic and linear models and mixed linear-effects models). PDQS was inversely associated with depressive status in the cross-sectional analysis. Participants in the highest quintile of PDQS (Q5) showed a significantly reduced odds of depression prevalence as compared to participants in the lowest quartile of PDQS (Q1) (OR (95 %) CI = 0·82 (0·68, 0·98))). The baseline prevalence of depression decreased across PDQS quintiles (Pfor trend = 0·015). A statistically significant association between PDQS and changes in depressive symptoms after 2-years follow-up was found (β (95 %) CI = −0·67 z-score (–1·17, −0·18). A higher PDQS was cross-sectionally related to a lower depressive status. Nevertheless, the null finding in our prospective analysis raises the possibility of reverse causality. Further prospective investigation is required to ascertain the association between PDQS and changes in depressive symptoms along time.
The aim of the study was to determine the main factors (sociodemographic, anthropometric, lifestyle and health status) associated with high Na excretion in a representative population of Chile.
Design
Na excretion (g/d), a valid marker of Na intake, was determined by urine analysis and Tanaka’s formulas. Blood pressure was measured by trained staff and derived from the mean of three readings recorded after 15 min rest. The associations of Na excretion with blood pressure and the primary correlates of high Na excretion were determined using logistic regression.
Setting
Chileans aged ≥15 years.
Participants
Participants (n 2913) from the Chilean National Health Survey 2009–2010.
Results
Individuals aged 25 years or over, those who were obese and those who had hypertension, diabetes or metabolic syndrome were more likely to have higher Na excretion. The odds for hypertension increased by 10·2 % per 0·4 g/d increment in Na excretion (OR=1·10; 95 % CI 1·06, 1·14; P < 0·0001). These findings were independent of major confounding factors.
Conclusions
Age, sex, adiposity, sitting behaviours and existing co-morbidities such as diabetes were associated with higher Na excretion levels in the Chilean population. These findings could help policy makers to implement public health strategies tailored towards individuals who are more likely to consume high levels of dietary salt.
We investigated the magnetostratigraphy of the Arda River section (northern Italy) where the transition from marine to continental sedimentation occurring in the Po River basin during the Pleistocene is registered. Four magnetic polarity reversals were used to construct an age model of sedimentation aided by marine biostratigraphy and tied to a standard δ18O curve from the literature. The section spans from the Olduvai subchron (1.94-1.78 Ma) across the Jaramillo subchron (1.07-0.99 Ma) up to the Brunhes—Matuyama boundary (0.78 Ma). The onset of continental deposition occurred during marine isotope stage (MIS) 30 at ∼1.04 Ma. An association of Villafranchian and Early Galerian mammals, including Sus strozzii and Ursus dolinensis, has been found in the continental sediments dated to MIS 29-27 (∼0.99 Ma). Above follows a prominent fluvial conglomerate attributed to the first major low stand of the Pleistocene culminating with MIS 22 at ∼0.9 Ma during the late Early Pleistocene climate turnover (EPT). These and other data from the literature are used to reconstruct the onset of continental deposition in the greater Po basin and shed light on the opening of the migration pathway that brought far-traveled Galerian mammal immigrants to enter Europe for the first time during the EPT.
Background: Polymorphisms in the endothelial nitric oxide synthase (eNOS) and in the plasminogen activator inhibitor -1 (PAI-1) genes have been implicated in stroke pathogenesis but results are still controversial. The aim of this study was to examine the possible contribution of Glu298Asp in the eNOS and 4G/5G in the PAI-1polymorphisms with ischemic stroke in a young Mexican population. Materials and Methods: In a case-control study, conducted between January 2006 and June 2010, 204 patients ≤45 years of age with ischemic stroke and 204 controls matched by age and gender, were recruited. The Glu298Asp and 4G/5G polymorphisms were determined in all participants by polymerase chain reaction-restriction fragment length polymorphism. Results: There was a significant difference in the Glu298Asp genotype distribution (P=0.001) and allele frequency between the two groups (P=0.001). The 4G/5G genotype distribution (P=0.40) and the allele frequency was similar between groups; (P=0.13). There were independent factors for ischemic stroke: Asp carriage (GluAsp+AspAsp) (P=0.02); smoking (P=0.01); hypertension (P=0.03), and familial history of atherothrombotic disease (P=0.04). Conclusions: The Asp allele from the Gu298Asp gene represents an independent risk factor for ischemic stroke in a young Mexican population. In contrast, the 4G/5G was not associated with an increased risk for this disease in the same group of patients, as previously has been demonstrated in other populations.
We generalize Bondal and Orlov's Reconstruction Theorem for a Gorenstein scheme X and a projective morphism X → T whose (relative) dualizing sheaf is either T-ample or T-antiample.
Bollmannia boqueronensis is a tropical marine goby. Two specimens were captured at 25 m depth on the Alacranes Reef, Mexico, off the north-east coast of the Yucatan Peninsula (Gulf of Mexico) in August 2009. The present note extends the known distribution area of this species towards the west and constitutes the first record for Mexico.
Since 1982, Mexico has been facing a new model of accumulation. The new model replaces one that stood for fifty years. To situate the current stage of Mexico's capitalist development in a broader context, we use as a guide the idea of a social structure of accumulation (SSA): an articulated, historically specific set of institutions that organizes the process of capital accumulation in different ways in different locations and historical periods. Every historically situated model of accumulation is, in fact, an SSA. Almost every account of the twentieth century economic history of Mexico leaves aside the role of institutions in the accumulation process (see, e.g., Solís 1981; Lustig 1998). Even the most progressive accounts, such as (Moreno-Brid and Ros 2009), tend to downplay the relevance of several institutions and institutional arrangements that foster economic growth and capital accumulation.
And none examines how the resulting accumulation affects the growth of occupations and the evolution of wages. It is our contention that, by leaving aside these aspects of economic life, standard analyses of the Mexican economy are unable to explain the impact of the economic structure on the working class.
In this chapter we will show how the notion of an SSA is a useful tool to understand the evolution of the Mexican economy. We will also show that such a notion needs to take into account the institutional evolution of employment and income during most of the twentieth century, in order to better depict the living condition of the majority.
Cancer is a disease that is characterized by the loss of genetic control over cell growth and proliferation, mainly as a result of the exposure to environmental factors. Cessation of smoking and a high consumption of fruits and vegetables are the most important means of reducing the risk of cancer in our society. Like fruits and vegetables, nuts are a source of vegetable protein, monounsaturated fatty acids, vitamin E, phenolic compounds, selenium, vegetable fibre, folic acid and phytoestrogens. There are numerous mechanisms of action by which these components can intervene in the prevention of cancer, although they have not been fully elucidated. There are very few epidemiological studies analyzing the relationship between nuts consumption and risk of cancer. One of the greatest difficulties in interpreting the results is that the consumption of nuts, seeds and legumes are often presented together. The most commonly studied location is the colon/rectum, an organ in which the effect of nuts is biologically plausible. Although the results are not conclusive, a protective effect on colon and rectum cancer is possible. Likewise, some studies show a possible protective effect on prostate cancer, but there is insufficient data on other tumour locations. New epidemiological studies are required to clarify the possible effects of nuts on cancer, particularly prospective studies that make reliable and complete estimations of their consumption and which make it possible to analyse their effects independently of the consumption of legumes and seeds.
Let $X=\operatorname{Spec} B$ be an affine varietyover a field of arbitrary characteristic, and supposethat there exists an action of a unipotent group(possibly neither smooth nor connected). Thefundamental results are as follows. (1) An algorithm for computing invariants is given, by means of introducing a degree in the ring of functions of the variety, relative to the action.Therefore an algorithmic construction of the quotient, in a certain open set, is obtained. In the case of aGalois extension, $k\hookrightarrow B=K$, which iscyclic of degree $p=\text{ch} (k)$ (that is, such thattheunipotent group is $G={\Bbb Z}/p {\Bbb Z}$),an element of minimal degree becomes anArtin--Schreier radical, and the method for computing invariants gives, in particular, theexpression for any element of $K$ in terms of theseradicals, with an explicit formula. This replacesthe well-known formula of Lagrange (which is validonly when the degree of the extension and thecharacteristic are relatively prime) in the case of an extension of degree $p=\text{ch}(k)$. (2)In this paper we give an effectiveconstruction of a stable open subset where there is a quotient. In this sense we obtain an algebraic localcriterion for the existence of a quotient in aneighbourhood. It is proved (provided the variety isnormal) that, in the following cases, such an openset is the greatest one that admits a quotient:\begin{enumerate}\item[(a)] when the action is such that the orbits havedimension less than or equal to 1 (arbitrary characteristic) and, in particular, for any actionof the additive group $G_a$;\item[(b)] in characteristic 0, when the action is proper(obtained from the results of Fauntleroy) or the group is abelian. 1991 Mathematics Subject Classification:primary 14L30; secondary 14D25, 14D20.
The spectroscopic investigation of GaN/AlGaN quantum wells reveals that the emission energy of such structures is determined by four parameters, namely composition, well-width, strain and charge density. The experimental data obtained by varying these parameters are quantitatively explained by an analytic model based on the envelope function formalism which accounts for screening and built-in field, and by a full self-consistent tight-binding model.
Molecular beam deposition of quaterthiophene oligomer on a single crystal of potassium acid phtalate yields thin films exhibiting a novel supramolecular organisation which has been determined by a combined study of X-ray diffraction and polarized optical transmission measurements. In this structure consisting of stacks of tilted H aggregates, a commensurate ratio between the KAP substrate and the overgrown oligothiophene layer (quasi-epitaxial growth) is attained. The samples are optically extremely anisotropic, with the projection of the molecular axis on the substrate surface perfectly aligned along the b crystallographic axis. Using these novel structural data, the optical properties are interpreted within the framework of the transition density approach.
The spectroscopic investigation of GaN/AlGaN quantum wells reveals that the emission energy of such structures is determined by four parameters, namely composition, well-width, strain and charge density. The experimental data obtained by varying these parameters are quantitatively explained by an analytic model based on the envelope function formalism which accounts for screening and built-in field, and by a full self-consistent tight-binding model.
La théorie de l’équilibre général (TEG) cherche à déterminer le concept de marché comme dispositif permettant l’affectation décentralisée des ressources disponibles pour la consommation et la production. Dans une économie caractérisée par une multiplicité d’agents individuels, cette affectation implique que soit résolu le conflit d’intérêts individuels susceptible de surgir dans une telle société. Le dispositif social dénommé «le marché» est destiné, en dernière instance, à réconcilier les intérêts individuels sans recourir à des mécanismes directement coercitifs pour les agents individuels. L’œuvre de Walras est, dans ce cadre, le point de départ de la théorie du marché décentralisé concurrentiel dans lequel les agents individuels définissent leurs plans d’activité (de production et de consommation) selon l’information sociale véhiculée par les prix dans leur fonction paramétrique.
Les prix constituent la seule information sociale utilisée par les agents individuels pour définir leur comportement économique. En dehors de cet ensemble d’informations, il n’existe que des éléments strictement privés (domaines de préférence et fonctions de demande pour les consommateurs; ensembles de production et fonctions d’offre pour les producteurs). De plus, toute communication bilatérale entre les agents, préalable aux transactions, est exclue, étant donné la définition même de l’agent individuel dans une économie concurrentielle : leur comportement face au processus de formation des prix est passif. Ils sont des «preneurs de prix».
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