Markets and Finance News -- ScienceDaily //www.koonmotors.com/news/computers_math/markets_and_finance/ Latest research news on markets and finance. en-us Wed, 06 Sep 2023 14:51:47 EDT Wed, 06 Sep 2023 14:51:47 EDT 60 Markets and Finance News -- ScienceDaily //www.koonmotors.com/images/scidaily-logo-rss.png//www.koonmotors.com/news/computers_math/markets_and_finance/ For more science news, visit ScienceDaily. Bridging traditional economics and econophysics //www.koonmotors.com/releases/2023/06/230619120152.htm How do asset markets work? Which stocks behave similarly? Economists, physicists, and mathematicians work intensively to draw a picture but need to learn what is happening outside their discipline. A new paper now builds a bridge. Mon, 19 Jun 2023 12:01:52 EDT //www.koonmotors.com/releases/2023/06/230619120152.htm AI tool predicts when a bank should be bailed out //www.koonmotors.com/releases/2022/11/221117102827.htm An artificial intelligence tool could help governments decide whether or not to bail out a bank in crisis by predicting if the intervention will save money for taxpayers in the long term. Thu, 17 Nov 2022 10:28:27 EST //www.koonmotors.com/releases/2022/11/221117102827.htm 如何预测市场的可以改善气候risk policies and investment decisions //www.koonmotors.com/releases/2022/09/220901151629.htm A market-led approach could be key to guiding policy, research and business decisions about future climate risks, a new study outlines. Now that organizations appreciate how essential it is to consider climate risks within their strategic plans, the pressing need for forward-looking, reliable information is growing. However, researchers say current climate-risk forecasts that guide key business and regulatory decisions are limited, and argue the way in which climate risk information is provided mirrors the conflicts of interest and incentive problems we saw within the credit-rating industry before the 2007/8 financial crash. Thu, 01 Sep 2022 15:16:29 EDT //www.koonmotors.com/releases/2022/09/220901151629.htm Fungi embrace fundamental economic theory as they engage in trading //www.koonmotors.com/releases/2021/06/210629161330.htm When you think about trade and market relationships, you might think about brokers yelling at each other on the floor of a stock exchange on Wall Street. But it seems one of the basic functions of a free market is quietly practiced by fungi. Tue, 29 Jun 2021 16:13:30 EDT //www.koonmotors.com/releases/2021/06/210629161330.htm Loan applications processed around midday more likely to be rejected //www.koonmotors.com/releases/2021/05/210504191622.htm Bank credit officers are more likely to approve loan applications earlier and later in the day, while 'decision fatigue' around midday is associated with defaulting to the safer option of saying no, according to a new study. Tue, 04 May 2021 19:16:22 EDT //www.koonmotors.com/releases/2021/05/210504191622.htm Its curvature foreshadows the next financial bubble //www.koonmotors.com/releases/2021/03/210322093729.htm A new paper sheds light on the higher-order architecture of financial systems and allow analysts to identify systemic risks like market bubbles or crashes. Mon, 22 Mar 2021 09:37:29 EDT //www.koonmotors.com/releases/2021/03/210322093729.htm Machine learning can predict market behavior //www.koonmotors.com/releases/2020/08/200811142913.htm Machine learning can assess the effectiveness of mathematical tools used to predict the movements of financial markets, according to new research based on the largest dataset ever used in this area. Tue, 11 Aug 2020 14:29:13 EDT //www.koonmotors.com/releases/2020/08/200811142913.htm Tendency to select targeted retirement fund ending in zero may impact wealth //www.koonmotors.com/releases/2020/07/200728113612.htm New research shows that selecting a targeted retirement fund that ends in a zero could negatively impact your retirement savings. The study identified a ''zero bias'' or tendency for individuals to select retirement funds ending in zero, which affects the amount people contribute to retirement savings and leads to an investment portfolio with an incompatible level of risk. Tue, 28 Jul 2020 11:36:12 EDT //www.koonmotors.com/releases/2020/07/200728113612.htm Helping consumers in a crisis //www.koonmotors.com/releases/2020/06/200625140725.htm A new study shows that the central bank tool known as quantitative easing helped consumers substantially during the last big economic downturn -- a finding with clear relevance for today's pandemic-hit economy. Thu, 25 Jun 2020 14:07:25 EDT //www.koonmotors.com/releases/2020/06/200625140725.htm Wall Street investors react to climate change //www.koonmotors.com/releases/2020/02/200218161717.htm Institutional investors are factoring climate risks into their investment decisions. Tue, 18 Feb 2020 16:17:17 EST //www.koonmotors.com/releases/2020/02/200218161717.htm Model beats Wall Street analysts in forecasting business financials //www.koonmotors.com/releases/2019/12/191219132913.htm Researchers describe a model for forecasting financials that uses only anonymized weekly credit card transactions and three-month earning reports. Tasked with predicting quarterly earnings of more than 30 companies, the model outperformed the combined estimates of expert Wall Street analysts on 57 percent of predictions. Thu, 19 Dec 2019 13:29:13 EST //www.koonmotors.com/releases/2019/12/191219132913.htm Smooth operator: When earnings management is a good thing //www.koonmotors.com/releases/2019/11/191126155519.htm New research makes the case that 'smoothing the numbers' can be beneficial -- if you have the right team in place to handle the job. Tue, 26 Nov 2019 15:55:19 EST //www.koonmotors.com/releases/2019/11/191126155519.htm Virtual speed bump for lightning-fast markets proposed //www.koonmotors.com/releases/2019/10/191029140714.htm A researcher says a tiny tweak to how certain trades happen could make for more efficient stock markets, and it's already being adopted by major players. Tue, 29 Oct 2019 14:07:14 EDT //www.koonmotors.com/releases/2019/10/191029140714.htm Using Wall Street secrets to reduce the cost of cloud infrastructure //www.koonmotors.com/releases/2019/08/190816191442.htm Researchers have developed a 'risk-aware' model that improves the performance of cloud-computing infrastructure used across the globe. Fri, 16 Aug 2019 19:14:42 EDT //www.koonmotors.com/releases/2019/08/190816191442.htm School savings accounts can dry up in 'financial deserts' //www.koonmotors.com/releases/2019/08/190814144456.htm Children's savings accounts (CSAs), offered by elementary schools throughout San Francisco and in schools across the nation, were introduced to boost college-going rates, limit student debt and foster equal opportunity for low-income children. However, scientists find that geography -- particularly in neighborhoods that lack brick-and-mortar banks and credit unions -- may play a key role in how much families with CSAs actually save for college. Wed, 14 Aug 2019 14:44:56 EDT //www.koonmotors.com/releases/2019/08/190814144456.htm Amateur investors fail to diversify and are better off choosing stocks at random //www.koonmotors.com/releases/2019/08/190814122411.htm A new study has found that less-experienced investors are failing to diversify -- and could be putting themselves at serious financial risk. The effect is so pronounced that many amateur investors would be better off choosing stocks at complete random. Wed, 14 Aug 2019 12:24:11 EDT //www.koonmotors.com/releases/2019/08/190814122411.htm Fearful customers sensitive to size and scope of a data breach while angry customers are not //www.koonmotors.com/releases/2019/05/190516170024.htm Customers who feel afraid in the wake of a data breach care more about the size and scope of the breach than do angry customers, according to new research. Thu, 16 May 2019 17:00:24 EDT //www.koonmotors.com/releases/2019/05/190516170024.htm Early exposure to banking may influence life-long financial health //www.koonmotors.com/releases/2019/05/190516114621.htm Growing up in a community with or without banks has a long-term effect on how you build and manage credit, according to a new study. The research shows individuals who grow up in what are essentially 'financial deserts' are slow to apply for credit and as adults have lower credit scores and more delinquent accounts. Thu, 16 May 2019 11:46:21 EDT //www.koonmotors.com/releases/2019/05/190516114621.htm Bots exploiting blockchains for profit //www.koonmotors.com/releases/2019/04/190430121722.htm Like high-frequency traders on Wall Street, a growing army of bots exploit inefficiencies in decentralized exchanges, which are places where users buy, sell or trade cryptocurrency independent of a central authority, a new study found. The researchers also found that high fees paid to prioritize certain transactions pose a security threat to the entire blockchain. Tue, 30 Apr 2019 12:17:22 EDT //www.koonmotors.com/releases/2019/04/190430121722.htm Gamblers predicted Brexit before financial traders, study finds //www.koonmotors.com/releases/2019/01/190111090907.htm Research shows how financial markets should have predicted Brexit hours before they eventually did, and that betting markets beat currency markets to the result by an hour -- producing a 'close to risk-free' profit-making opportunity, according to economists. Fri, 11 Jan 2019 09:09:07 EST //www.koonmotors.com/releases/2019/01/190111090907.htm Can predictive analytics help banks, consumers avoid overdraft issues? New study says, yes //www.koonmotors.com/releases/2018/12/181203140848.htm In 2012, consumers paid $32 billion in overdraft fees, which represented the single largest source of revenue for banks from demand deposit accounts, while leading to significant levels of consumer dissatisfaction and attracting attention from government regulators. In a recent study, researchers have found that it may be possible to help correct this problem through the application of sophisticated data analytics. Mon, 03 Dec 2018 14:08:48 EST //www.koonmotors.com/releases/2018/12/181203140848.htm Disruption makes startup investors balance caution against fear of missing out //www.koonmotors.com/releases/2018/10/181010130229.htm A new study finds that fear of missing out motivates investors to give money early to startups with a disruptive vision. However, those backers are reluctant to invest too much in unproven ideas that might not take off. In other words, disruptive startups are more likely to raise money, but they receive smaller amounts than less-threatening ventures. Wed, 10 Oct 2018 13:02:29 EDT //www.koonmotors.com/releases/2018/10/181010130229.htm Ecology of investors in financial markets //www.koonmotors.com/releases/2018/08/180814103254.htm 研究人员研究了投资的相似性ecisions in the financial market and how the investment strategies used by the investors influence the volatility of the markets by using an exceptionally large set of empirical data. The results help in understanding the operation of financial markets and shed light on the connection of earlier theories to the actual stock market. Tue, 14 Aug 2018 10:32:54 EDT //www.koonmotors.com/releases/2018/08/180814103254.htm Innovation and speculation drive stock market bubble activity, according to new study //www.koonmotors.com/releases/2018/08/180801181933.htm A group of data scientists conducted an in-depth analysis of major innovations and stock market bubbles from 1825 through 2000 and came away with novel takeaways of their own as they found some very distinctive patterns in the occurrence of bubbles over 175 years. Wed, 01 Aug 2018 18:19:33 EDT //www.koonmotors.com/releases/2018/08/180801181933.htm Mergers are good news for investors //www.koonmotors.com/releases/2018/06/180605083037.htm Shareholder value and market share improve when companies merge, confirms a new study. Tue, 05 Jun 2018 08:30:37 EDT //www.koonmotors.com/releases/2018/06/180605083037.htm Women seeking crowdfunding financing for start-ups are perceived as more trustworthy //www.koonmotors.com/releases/2018/05/180510101310.htm While men have benefited from a gender bias against women when seeking financing for business start-ups, the opposite may be true for female entrepreneurs seeking initial investment through crowdfunding efforts, according to research. Thu, 10 May 2018 10:13:10 EDT //www.koonmotors.com/releases/2018/05/180510101310.htm A decade after housing bust, mortgage industry on shaky ground, experts warn //www.koonmotors.com/releases/2018/03/180329190834.htm New regulations on banks fueled a boom in nonbank mortgage companies, a category of independent lenders that are more lightly regulated and more financially fragile than banks. These lenders now originate half of all US home mortgages yet have little capital of their own. Thu, 29 Mar 2018 19:08:34 EDT //www.koonmotors.com/releases/2018/03/180329190834.htm Bitcoin crash could derail other cryptocurrencies //www.koonmotors.com/releases/2018/02/180208104305.htm A sharp fall in the value of Bitcoin may cause other cryptocurrencies to crash, but is unlikely to have a significant impact on traditional assets, according to new research. Thu, 08 Feb 2018 10:43:05 EST //www.koonmotors.com/releases/2018/02/180208104305.htm Uncovering decades of questionable investments //www.koonmotors.com/releases/2018/01/180117152456.htm Researchers used the Wrangler supercomputer at the Texas Advanced Computing Center to uncover the root cause of the 'beta anomaly' -- a discrepancy between the expected return on high-risk assets and their actual return. The team found that investors who are attracted to the lottery-like characteristics of these stocks push their prices higher than theory would predict, thereby lowering their future returns. Wed, 17 Jan 2018 15:24:56 EST //www.koonmotors.com/releases/2018/01/180117152456.htm Why digital strategies matter in bond markets //www.koonmotors.com/releases/2017/12/171221122555.htm 信息技术投资往往是价值d favorably by the stock market because of their strategic nature and important role in influencing revenue and profit growth of firms. New research shows that IT investments also matter to bond markets. However, bond markets value IT investments differently than stock markets according to the strategic roles of IT in industries and the types of risks they create. Thu, 21 Dec 2017 12:25:55 EST //www.koonmotors.com/releases/2017/12/171221122555.htm Study connects stocks, democracy, and the Arab Spring //www.koonmotors.com/releases/2017/12/171220195747.htm Day after day in early 2011, massive crowds gathered in Cairo's Tahrir Square, calling for the ouster of Egyptian President Hosni Mubarak. Away from the square, the protests had another effect, as a new study shows. The demonstrations lowered the stock market valuations of politically connected firms -- and showed how much people thought a full democratic revolution was possible. Wed, 20 Dec 2017 19:57:47 EST //www.koonmotors.com/releases/2017/12/171220195747.htm Stock market microstructures: Modeling could help evaluate financial crises //www.koonmotors.com/releases/2017/11/171122103559.htm Researchers have analyzed the statistical regularities and irregularities in the recent order flow of 96 different NASDAQ stocks. Since prices are strongly correlated during financial crises, they evolve in a way that is similar to what happens to nerve signals during epileptic seizures. The findings contribute to modeling price evolution, and could ultimately be used to evaluate the impact of financial crises. Wed, 22 Nov 2017 10:35:59 EST //www.koonmotors.com/releases/2017/11/171122103559.htm The value of a dollar? New research finds dollar appreciation hurts emerging markets //www.koonmotors.com/releases/2017/10/171031202814.htm New research suggests a strong dollar may hamper investment in emerging economies. Tue, 31 Oct 2017 20:28:14 EDT //www.koonmotors.com/releases/2017/10/171031202814.htm Raging Bull: First study to find link between testosterone and stock market instability //www.koonmotors.com/releases/2017/10/171010152749.htm 今天在美国,大多数专业的圣ock market traders are young males and new evidence suggests biology strongly influences their trading behavior. According to a new study this could be a significant contributor to fluctuations in the market, as high testosterone levels can cause these traders to overestimate future stock values and change their trading behavior, leading to dangerous prices bubbles and subsequent crashes. Tue, 10 Oct 2017 15:27:49 EDT //www.koonmotors.com/releases/2017/10/171010152749.htm Mathematical confirmation: Rewiring financial networks reduces systemic risk //www.koonmotors.com/releases/2017/06/170622103919.htm A proposed tax on systemically risky financial transactions could reduce the risk of financial system crashes by spurring financial networks to reshape in more resilient ways, suggests a new report. Thu, 22 Jun 2017 10:39:19 EDT //www.koonmotors.com/releases/2017/06/170622103919.htm New international banking rules would not prevent another financial crisis //www.koonmotors.com/releases/2017/03/170327100551.htm The Basel III regulatory framework, as planned, will not reduce systemic risk in the financial sector, according to new research. Instead, regulations should aim to increase the resilience of financial networks. Mon, 27 Mar 2017 10:05:51 EDT //www.koonmotors.com/releases/2017/03/170327100551.htm Effectiveness of Federal Reserve emergency lending 2007-09 //www.koonmotors.com/releases/2017/03/170316125621.htm For the first time ever, new research examines data from the 2007-2009 financial crisis to show how the US Federal Reserve can effectively assist banks in times of financial uncertainty. Thu, 16 Mar 2017 12:56:21 EDT //www.koonmotors.com/releases/2017/03/170316125621.htm Understanding the impact of delays in high-speed networks //www.koonmotors.com/releases/2017/02/170223142129.htm In a world increasingly reliant on high-speed networks, introducing microsecond delays into such systems can have profound effects. Thu, 23 Feb 2017 14:21:29 EST //www.koonmotors.com/releases/2017/02/170223142129.htm Economists examined US legal cannabis sector to gauge value of banking services //www.koonmotors.com/releases/2016/12/161201092649.htm Despite the many innovative services in the digital age, conventional banking remains important to newly-established businesses; banking cannot yet be replaced by online financial services such as crowdfunding or PayPal, according to a recent study. The economic researchers investigated what role the traditional banks play for newly-founded companies within a highly-developed economy based on the unique example of the US cannabis industry. They found that both the credit and transaction services traditionally provided by banks are key. Thu, 01 Dec 2016 09:26:49 EST //www.koonmotors.com/releases/2016/12/161201092649.htm New approach predicts price trends in the stock options market //www.koonmotors.com/releases/2016/11/161109090351.htm A novel method to identify how options traders exploit mutual fund non-fundamental price pressure on aggregate stock prices is outlined in a new paper. Wed, 09 Nov 2016 09:03:51 EST //www.koonmotors.com/releases/2016/11/161109090351.htm Many underestimate financial loss due to poor arithmetic //www.koonmotors.com/releases/2016/08/160817131417.htm Anyone who has lost out on an investment in recent weeks -- from pension funds and stocks to the housing rental market and currency exchange -- may have lost more than they realize, according to new research. Wed, 17 Aug 2016 13:14:17 EDT //www.koonmotors.com/releases/2016/08/160817131417.htm Twitter sentiment offers clues to stock performance, study shows //www.koonmotors.com/releases/2016/07/160725111535.htm A strong contemporaneous correlation does exist between the mood of a day’s worth of tweets about a particular stock and the performance of that stock, research shows. Mon, 25 Jul 2016 11:15:35 EDT //www.koonmotors.com/releases/2016/07/160725111535.htm Light-bulb moment for stock market behavior //www.koonmotors.com/releases/2016/07/160721073012.htm Physicists have discovered that the timing of electronic orders on the stock market can be mathematically described in the same way as the lifetime of a light bulb. Thu, 21 Jul 2016 07:30:12 EDT //www.koonmotors.com/releases/2016/07/160721073012.htm Study uses text-mining to improve market intelligence on startups //www.koonmotors.com/releases/2016/07/160713143142.htm A researcher has created a new method that uses big data analytics and text-mining techniques to improve market intelligence and explain potential mergers and acquisitions of startup companies in the fast-moving high-technology industry. Wed, 13 Jul 2016 14:31:42 EDT //www.koonmotors.com/releases/2016/07/160713143142.htm Stocks overvalued longer and more often than previously thought, says study //www.koonmotors.com/releases/2016/05/160504121814.htm A study of the most commonly-traded US stocks over the last 13-years finds 13,000 'bubbles,' or periods when the stocks were overpriced. Wed, 04 May 2016 12:18:14 EDT //www.koonmotors.com/releases/2016/05/160504121814.htm Intelligent transaction tax could help reduce systemic risk in financial networks //www.koonmotors.com/releases/2016/04/160411125209.htm A new study proposes a solution for mitigating the increasingly risky nature of financial markets, based on an analysis of systemic risk in financial networks. Mon, 11 Apr 2016 12:52:09 EDT //www.koonmotors.com/releases/2016/04/160411125209.htm Details behind stock market 'flash crash' //www.koonmotors.com/releases/2016/03/160316131146.htm Conclusions: Indicted trader not to blame; systemic issues of high-frequency trading more likely responsible for 1,000-point drop. Wed, 16 Mar 2016 13:11:46 EDT //www.koonmotors.com/releases/2016/03/160316131146.htm Female traders can reduce market crashes, expert says //www.koonmotors.com/releases/2016/03/160307114027.htm Research shows that increasing the proportion of female traders can reduce the occurrence of the most extreme crashes. Mon, 07 Mar 2016 11:40:27 EST //www.koonmotors.com/releases/2016/03/160307114027.htm Does your financial adviser specialize in misconduct? //www.koonmotors.com/releases/2016/03/160301131440.htm In the first large-scale study documenting the economy-wide extent of misconduct among financial advisers and financial advisory firms in the United States, researchers find that most financial advisers who engage in misconduct get to keep their jobs -- or are quickly rehired by another firm in the industry. Tue, 01 Mar 2016 13:14:40 EST //www.koonmotors.com/releases/2016/03/160301131440.htm The real value of taking your business offshore //www.koonmotors.com/releases/2016/02/160217130707.htm While it seems prestigious -- and tax-savvy -- to be based in the Cayman Islands or Luxembourg, companies that choose to do so aren't actually worth more, according to a new study. It's the companies whose subsidiaries are offshore that are reaping the financial benefits. However, there are hidden costs associated with this too. Wed, 17 Feb 2016 13:07:07 EST //www.koonmotors.com/releases/2016/02/160217130707.htm Cyber thieves making millions in profits //www.koonmotors.com/releases/2016/02/160216143103.htm Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home Depot. Tue, 16 Feb 2016 14:31:03 EST //www.koonmotors.com/releases/2016/02/160216143103.htm Pension benchmarks give consumers false impression of fund performance //www.koonmotors.com/releases/2016/01/160126111401.htm Benchmarks that measure the performance of pension funds, and fees charged to consumers by investment fund managers, require greater scrutiny, suggests new research. Tue, 26 Jan 2016 11:14:01 EST //www.koonmotors.com/releases/2016/01/160126111401.htm Stress test will help community banks assess financial resilience to crisis //www.koonmotors.com/releases/2016/01/160114110940.htm A new macro stress test has been created that community banks can use to assess their capital adequacy in times of financial crisis and recession. Thu, 14 Jan 2016 11:09:40 EST //www.koonmotors.com/releases/2016/01/160114110940.htm Is there a bubble in the art market? //www.koonmotors.com/releases/2016/01/160106091551.htm Researchers are warning of an overheating art market, one of the fastest-growing investment sectors of the past decade, after applying a new bubble detection method analyzing millions of auction records. Wed, 06 Jan 2016 09:15:51 EST //www.koonmotors.com/releases/2016/01/160106091551.htm Even with 24/7 access, investors tend to avoid portfolios when expecting bad news //www.koonmotors.com/releases/2015/12/151218084602.htm George Loewenstein and Duane Seppi first introduced the 'ostrich effect' in 2009 to describe how investors 'put their heads in the sand' to dodge facing their financial portfolios when they're expecting bad news. The new data documents that ostrich behavior is widely prevalent, even with today's around-the-clock access to financial information, and is a stable personality characteristic in individual investors. Fri, 18 Dec 2015 08:46:02 EST //www.koonmotors.com/releases/2015/12/151218084602.htm Zig while others zag for more successful investments //www.koonmotors.com/releases/2015/11/151113051526.htm Aso-called contrarian investment funds far outperform their herd-fund rivals in several performance measurements, new research shows, adding that their managers have found ways to gather information that other managers haven't figured out. Fri, 13 Nov 2015 05:15:26 EST //www.koonmotors.com/releases/2015/11/151113051526.htm Analysts' stock recommendations are not only independent, they're useful //www.koonmotors.com/releases/2015/11/151110134524.htm Contrary to common complaints, analysts' stock recommendations are not only independent, they're useful, according to a new study by financial accounting experts. Tue, 10 Nov 2015 13:45:24 EST //www.koonmotors.com/releases/2015/11/151110134524.htm Climate change: A wake-up call in the world of finance //www.koonmotors.com/releases/2015/11/151105121809.htm As climate changes become impossible to dismiss, how does the mainstream investor community respond? Are financial decisions taking full account of risks and opportunities related to climate change, or is the topic still virtually ignored in financial decision-making? Thu, 05 Nov 2015 12:18:09 EST //www.koonmotors.com/releases/2015/11/151105121809.htm Flagging a stock price crash //www.koonmotors.com/releases/2015/10/151022095415.htm When Barracuda Network’s stock price tumbled almost 35 percent in one day last September, a new system had already flagged the signs that led to the fall.The new crash-risk system, based on a study of 14 years of stock data, aims to help investors actively avoid price crashes. Thu, 22 Oct 2015 09:54:15 EDT //www.koonmotors.com/releases/2015/10/151022095415.htm 'SafePay': First anti-fraud system to use existing credit card readers //www.koonmotors.com/releases/2015/09/150921095144.htm For the first time, researchers have developed an inexpensive, secure method to prevent mass credit card fraud using existing magnetic card readers. The novel technique -- called SafePay -- works by transforming disposable credit card information to electrical current and driving a magnetic card chip to simulate the behavior of a physical magnetic card. Mon, 21 Sep 2015 09:51:44 EDT //www.koonmotors.com/releases/2015/09/150921095144.htm