on Page 259:
"... CH. 14. SAMPLING NEW MATERIAL 259
It's foolproof, provided the sampling plan takes care of any jack pots beyond the geometric figure, and uses the geometric method to estimate a only for the remainder where the distribution is ..."
on Page 280:
"... self-correcting. There may nevertheless be definite impairment of efficiency if the sample contains areas of heavy growth, or contains other jack pots and surprises, ..."
The Shattered American Dream
A continuing national survey of workers who lost their jobs during the Great Recession, conducted by two professors at Rutgers University, offers anything but a rosy view of the economic prospects for ordinary Americans. It paints, instead, a portrait filled with gloom.
More than 15 million Americans are officially classified as jobless. The professors, at the John J. Heldrich Center for Workforce Development at Rutgers, have been following their representative sample of workers since the summer of 2009. The report on their latest survey, just out this month, is titled: “The Shattered American Dream: Unemployed Workers Lose Ground, Hope, and Faith in Their Futures.”
Codelco Said to Reduce Copper Fees in China on Demand
Bloomberg - USA
5 (Bloomberg) -- Codelco, the world’s biggest copper producer, agreed to further reduce a China sales surcharge as demand slows, after earlier cutting it to ...
surcharge
noun [C]
a charge in addition to the usual amount paid for something, or the amount already paid:
A surcharge may be made for deliveries outside normal hours.
━━ n., v. 積過ぎ（る）, 過重; 過充電（する）; （切手の）価格訂正印（を押す）, その印のある切手; 切手不足額表示; 追徴金; 不当な請求, 追加料金（を請求する）.
Murakami gets 2-year prison term, record surcharge
07/19/2007
THE ASAHI SHIMBUN
Yoshiaki Murakami, a fallen investment tycoon who bucked the status quo, was sentenced Thursday to two years in prison, fined 3 million yen and ordered to pay a record 1.149-billion-yen surcharge for insider trading.
Presiding Judge Kunihiko Koma of the Tokyo District Court said Murakami, 47, had "seriously impaired public trust in the stock market by deceiving general investors."
The judge also said a prison sentence without suspension is suitable "because of the gravity of the crime committed by a professional fund manager."
The surcharge is by far the largest ordered in an insider-trading case. 內線交易案
Prosecutors had sought a three-year prison sentence, a 3-million-yen fine and the 1.149-billion-yen surcharge.
Murakami, founder of the now-disbanded Murakami fund, was convicted of insider trading involving Nippon Broadcasting System Inc. (NBS) shares, a violation of the Securities and Exchange Law.
He had pleaded not guilty to the charge, and his lawyers immediately appealed the ruling.
MAC Asset Management, the investment advisory arm of the Murakami fund, was also fined 300 million yen in the case, as sought by prosecutors.
The court fully acknowledged the facts presented in the indictment.
According to the ruling, Murakami, a former trade ministry bureaucrat, learned from executives of Livedoor Co. on Nov. 8, 2004, that the Internet services provider had decided to buy at least a 5-percent stake in NBS in terms of voting rights through a public tender offer.
Murakami then devised a scheme to buy up NBS shares before the offer was made public.
From Nov. 9 that year through Jan. 26 the following year, Murakami bought 1.93 million NBS shares for about 9.95 billion yen.
After Livedoor made its plans public, the NBS share price soared amid Livedoor's battle with Fuji Television Network Inc. for control of the radio broadcaster.
Murakami sold the NBS shares for a profit of about 3 billion yen, which the court recognized as illegal earnings.
The trial focused mainly on two issues:
* Whether Livedoor's plan to buy NBS shares could be considered a formal "decision" that serves as insider information; and
* Whether that information was conveyed to Murakami.
Prosecutors presented as evidence an enormous amount of e-mail messages exchanged between the Murakami fund and Livedoor. The court said this evidence helped to prove the case against Murakami.
In addition, the ruling acknowledged that testimonies of Ryoji Miyauchi, former chief financial officer of Livedoor, and other former company executives were "highly credible."
The former executives told the court that they told Murakami about Livedoor's plan to acquire a one-third stake in NBS at a meeting held on Nov. 8.
Using a June 1999 ruling by the Supreme Court, in which a lawyer was held responsible for insider trading, the Tokyo District Court said Livedoor's plan could be considered a formal business decision, not mere speculation.
The ruling said the case would not be considered insider trading if the plan had no feasibility. But if a plan had even the slightest feasibility, it would be sufficient to establish an insider-trading case.
The court said Murakami was aware that Livedoor's plan would likely be put into practice, and that he took advantage of the business decision to make illegal profits.
At a news conference hours before his arrest on June 5, 2006, Murakami admitted to the allegations, saying he heard from Livedoor about its move to buy NBS shares.
He also admitted to the allegations during police investigations.
But he later retracted his admission and flatly denied the allegations throughout his trial.
Judge Koma said the change in Murakami's stance "was extremely unnatural."
Koma also said the credibility of Murakami's statements during the trial "cannot be trusted."
"He completely changed his attitude by telling the court that he lied at the news conference," the judge said, adding that the defendant has shown no remorse for his actions.
The judge said Murakami's scheme to unload NBS shares at a higher price took advantage of his position that ordinary people cannot possibly obtain.
"It can be acknowledged that he was driven by a strong desire for profit-making, which deserves severe criticism," Koma said.(IHT/Asahi: July 19,2007)
escape hatch （船・飛行機などの）非常口.
escape hatch noun [C]
the part of a submarine through which people can leave when it is under water
Clock Counts Down As Decision Weighs: Should I Stay or Go?
BY ALAN PAUL
Word Count: 2,602
A three-year commitment loomed large when we were deciding whether to move to China. Agreeing to move so far away for so long was difficult to wrap our minds around -- I kept thinking it was almost as long as I went to high school or college, and pondering how old our kids would be and how much they would change while we were gone.
This was the final mental hurdle we had to clear before agreeing to the move, and Rebecca's boss-to-be eased the way by offering an escape hatch. "If you really hate it," he said, "You can ...
This was the final mental hurdle we had to clear before agreeing to the move, and Rebecca's boss-to-be eased the way by offering an escape hatch. "If you really hate it," he said, "You can ...
jack pot
1 a (1): a hand or game of draw poker in which a pair of jacks or better is required to open (2): a large pot (as in poker) formed by the accumulation of stakes from previous play b (1): a combination on a slot machine that wins a top prize or all the coins available for paying out (2): the sum so won c: the top prize in a game or contest (as a lottery) that is typically a large fund of money formed by the accumulation of unwon prizes2: an impressive often unexpected success or reward3chiefly West : a tight spot : jam
adjective
1 (especially of something unpleasant) of very or unusually great force, amount or degree:
a heavy blow to the head
heavy fighting
heavy traffic
heavy rain/snow
a heavy smoker/drinker
a heavy sleeper
2 heavy seas sea which is rough with large waves
3 OLD-FASHIONED SLANG describes something such as a situation that is dangerous or unpleasant:
Then the police arrived and things got really heavy.
heavily
adverb
to a great degree:
The terrorists are heavily armed.
The compound is heavily guarded.
She's heavily involved in the project.
heaviness
noun [U]
when something happens or is done to a great degree
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