PENSION FUND INVESTMENTS: AN INITIAL GEOGRAPHIC ASSESSMENT*

Despite the importance of interregional shifts of capital in contributing to patterns of regional development, pension funds, a large and growing source of capital in the world, have received limited empirical investigation by geographers. An initial assessment of the geographic impact of selected pension fund investments controlled by the State of Wisconsin Investment Board (SWIB) is presented. A simple investment allocation model is employed to address several research questions. Findings indicate changes in investment categories over time and suggest interregional investment shifts that fail to fall neatly along Sunbelt/Snowbelt lines. Recent SWIB investments may be undercutting the state's competitive position with other – and in some cases Sunbelt – states.     

Variations in benthic fauna underneath an effluent mixing zone at a marine oil terminal in Port Valdez, Alaska

The distributions of hydrocarbons and infauna in sediments below a permitted mixing zone for the disposal of treated ballast waters in Port Valdez, Alaska were examined annually, 1999–2001. The associations of biological measures and the abundance of selected benthic organisms to total aromatic hydrocarbons (TARO) ranged up to large-sized effects, as compared against minimum-effect criteria (|r|0.63). The apparent sensitivity of three polychaete worms to low levels of hydrocarbons makes them particularly useful as indicators of future changes in spatial distributions of hydrocarbons associated with discharged effluent. In 2001, sediment TARO concentrations decreased and the correlation values of TARO to biotic variables were generally less than in 1999 and 2000. Evidence supports a conclusion of a strong but spatially limited association of some fauna with accumulations of petroleum hydrocarbons in these sediments.     

The rotational periods of Uranus and Neptune

Observations of tilts of spectral lines in the spectrum of Uranus and Neptune yield the following rotational periods: “Uranus,” 24 ± 3 hr; “Neptune,” 22 ± 4 hr. Neptune is confirmed to rotate in a direct sense. The position angle of the pole of Uranus, projected onto the plane of the sky, is found to be 283 ± 4°. The value for Neptune is 32 ± 11°. These results agree with the direction of the pole of Uranus inferred from the common plane of its four brightest satellites and with the direction of the pole of Neptune as inferred from the precession of Triton's orbit. The rotational period of Uranus is found to be consistent with modern values of its optical and dynamical oblateness and the theory of solid-body rotation with hydrostatic equilibrium. This is barely the case for the period derived for Neptune and we suspect that future observations made under better seeing conditions may lead to a shorter rotation period between 15 and 18 hr. Because of a substantial difference between our results and those of earlier spectroscopic and photometric investigations we include an assessment of several previously published photometric studies and a new reduction of the original Lowell and Slipher spectroscopic plates of Uranus [Lowell Obs. Bull. 2, 17–18, 19–20 (1912)]. The early visual photometry of Campbell (Uranus) and Hall (Neptune) is found to be more satisfactorily accounted for by periods of 21.6 and 23.1 hr, respectively, than by the periods originally suggested by the observers. Our reduction of the Lowell and Slipher Uranus plates yields a period near 33 hr uncorrected for seeing. This value is consistent with the results based on the 4-m echelle date.     

Construction of a historical Water Pollution Index for the Mersey Basin

The Mersey Basin has been significantly polluted for over 200 years. However, there is a lack of quantitative historical water quality data as effective water quality monitoring and data recording only began 30–40 years ago. This paper assesses water pollution in the Mersey Basin using a Water Pollution Index constructed from social and economic data. Methodology, output and the difficulties involved with validation are discussed. With the limited data input available the index approximately reproduces historical water quality. The paper illustrates how historical studies of environmental water quality may provide valuable identification of factors responsible for pollution and a marker set for contemporary and future water quality issues in the context of the past. This is an issue of growing research interest.     

G-WADI—the first decade

The G-WADI network by UNESCO promotes the global capacity for management of water resources in arid and semi-arid areas. The primary aim has been to build a comprehensive global network to promote regional and international cooperation so as to increase knowledge and improve management practices through the sharing of information. The G-WADI objectives and achievements of the past 10 years are reviewed. A number of key initiatives have been implemented––the formation of five regional networks, the creation of a central G-WADI web site, promotion of near-real-time rainfall distribution software enhanced by the inclusion of satellite based precipitation estimations, as well as workshop and web-based activities on chemical and isotopic tracers and on rain water harvesting. Two workshops on surface and on groundwater modeling, supported by publications have been held in India and China. The Asian G-WADI network remains very active, but activities in the other three regions are developing (Africa, Arab Region, Latin America and the Caribbean).     

Early and middle Holocene in the Aegean Sea: interplay between high and low latitude climate variability

Changes in the orbital parameters, solar output, and ocean circulation are widely considered as main drivers of the Holocene climate. Yet, the interaction between these forcings and the role that they play to produce the pattern of changes observed in different domains of the climate system remain debated. Here, we present new early to middle Holocene season-specific sea surface temperature (SST) and δ¹⁸O_seawater results, based on organic-walled dinoflagellate cyst and planktonic foraminiferal data from two sediment cores located in the central (SL21) and south-eastern (LC21) Aegean Sea (eastern Mediterranean). Today, this region is affected by high to mid latitude climate in winter and tropical/subtropical climate in summer. The reconstructed δ¹⁸O_seawater from LC21 displays a marked (～1.3%) negative shift between 10.7 and 9.7 ka BP, which represents the regional expression of the orbitally driven African monsoon intensification and attendant freshwater flooding into the eastern Mediterranean. A virtually contemporaneous shift, of the same sign and magnitude, is apparent in the δ¹⁸O_speleothem record from Soreq Cave (Northern Israel), an important part of which may therefore reflect a change in the isotopic composition of the moisture source region (Aegean and Levantine Seas). Our SST reconstructions show that Aegean winter SSTs decreased in concert with intensifications of the Siberian High, as reflected in the GISP2 nss [K⁺] record. Specifically, three distinct sea surface cooling events at 10.5, 9.5–9.03 and 8.8–7.8 ka BP in the central Aegean Sea match increases in GISP2 nss [K⁺]. These events also coincide with dry interludes in Indian monsoon, hinting at large (hemispheric) scale teleconnections during the early Holocene on centennial timescales. A prominent short-lived (～150 years) cooling event in core SL21 – centred on 8.2 ka BP – is coeval to the ‘8.2 ka BP event’ in the Greenland δ¹⁸O_ice, which is commonly linked to a melt-water related perturbation of the Atlantic Meridional Overturning Circulation and associated ocean heat transport. By deciphering the phasing between a recently published record of reduced overflow from the Nordic Seas into the northern North Atlantic, the Greenland δ¹⁸O_ice ‘8.2 ka BP event’ anomaly, and the short-lived cooling in SL21, we demonstrate severe far-field impacts of this North Atlantic event in the Aegean Sea. The Aegean is isolated from the North Atlantic oceanic circulation, so that signal transmission must have been of an atmospheric nature.     

The influence of natural variation in discharge on juvenile brown trout population dynamics in a nursery tributary of the Motueka River,New Zealand

The effects of natural flow variation on juvenile brown trout population dynamics were investigated by biannual sampling over 5.5 years in the Rainy River, a tributary of the Motueka River. A large flood in late March (50-year return period) substantially reduced the density (by 66%) and biomass (by 73%) of 0+ trout over autumn–spring, but the cohort responded with compensatory survival to achieve similar density and biomass by spring as in other years. A low-flow event in February–April (return period >8.4 years), when 7-day low flows fell to 56% of the 7-day mean annual low flow (MALF) and were less than the MALF for 46 days, had no adverse affect on the population. We found no evidence for density-dependent growth. However, there was strong evidence for a two-phase self-thinning response in density, with no self-thinning occurring over summer (i.e. the 0+ population remained below carrying capacity) until a threshold mass of 22.08 g (length=123.7 mm) was attained in autumn after which severe self-thinning took place over autumn to spring. The results indicate that over spring–autumn the population is insensitive to flow reduction and that over autumn–spring the effects of high (and probably low) flow events on local abundance and biomass are offset by compensatory (density-dependent) survival. However, effects on the contribution of migrants to the downstream population remain unknown. The study identified ecological redundancy, which could be exploited for flow allocation. Significantly, it has shown that minimum flows equivalent to the MALF (often advocated by New Zealand conservation and fisheries management organisations) are not always necessary for sustaining juvenile trout populations.