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Web services technology has become the moniker for this movement This term refers to the collection of standards and technologies that enables Web applications to be stitched together in a more flexible and powerful way than previously attempted Specifically, the goal of Web services technology is to allow Internet applications to be queried programmatically, thus enabling application data access to be as easy as making a function call From the consumer's standpoint, Web services exist as a set of remote objects that can be located and queried in a platformindependent manner, via HTTP From the provider's standpoint, Web services enable the application to be queried easily by other programs and agents A key advantage of Web services is the separation between interface and implementation Providers can continue to implement and deploy their applications however they like they just need to follow some additional integration steps for parts of their application that they want to make available as a Web service It's a lot like one big distributed object system, except that the technology used for deploying the objects at any one site is flexible One company can deploy its objects via CORBA; another can deploy its objects as EJBs it doesn't matter Once they publish these objects as Web services, remote clients can access them without worrying about how they're implemented and deployed on the server side The end result will allow new applications to seamlessly and dynamically combine functionality from all over the Web, turning the Web into a truly practical, service-oriented distributed system

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34 - General Principles of Financial Planning (2) The anticipation of de ation strongly suggests that investors should acquire those nancial assets whose values will not fall (3) The safest strategy is to acquire short-term liquid assets, such as bank deposits, because de ation will increase the purchasing power of money (4) De ation makes long-term debt obligations good investments, but an investor should purchase only bonds of excellent quality, because de ation may be accompanied by bankruptcies as rms are unable to meet their nancial obligations (5) The same stress on quality applies to common stocks Because many rms will experience falling demand and declining pro t margins, quality should be stressed in purchasing stocks D Recession and economic stagnation (1) During a recession, the Federal Reserve will put money into circulation and expand the supply of credit This expansion will at least initially decrease interest rates until the stimulus increases the level of economic activity (2) The federal government will adopt an expansionary scal policy Lower taxes and increased government expenditures will increase aggregate demand for goods and services This increased demand is designed to stimulate economic activity, which reduces the level of unemployment (3) To take advantage of the economic stimulus, the investor will seek to move out of short-term money market instruments into common stocks of rms that will bene t from the expansionary monetary and scal policy (4) Once the investor identi es the rms most likely to bene t from the expansionary monetary and scal policy, he or she may adopt any of a number of individual strategies: (a) A conservative strategy may include the purchase of convertible securities (ie, convertible bonds and preferred stock) and common stocks of rms with low beta coef cients Fixed-income securities may be purchased in anticipation of lower interest rates But the investor must be willing to move rapidly out of xed-income securities, because they do not bene t from economic expansion and may be hurt if the expansion leads to higher interest rates (b) An aggressive strategy designed to take advantage of expansionary scal policy will stress less current income (ie, no xed-income securities) and more potential for capital gains The investor will then primarily purchase common stocks of rms with low payout ratios that retain earnings to nance expansion 7 Yield curve A A graph showing the relationship between term to maturity and yield to maturity is known as a yield curve B The yield curve shows the relationship between interest rates and time, typically relating to government Treasury securities C The yield curve is important to investors because as rates change, they usually do not change by the same amount of basis points across maturities D Yield curve risk is the risk that yields for different maturities may not change by the same amount in the presence of an interest rate change (1) The risk is measured with the help of duration a measure of bond price sensitivity to interest rates.

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Finally, as I've hinted throughout this chapter, it really pays to understand how your J2EE vendor implements the various value-added features, such as container-managed persistence The profit gained by applying any of the techniques and strategies here, such as avoiding stateful session beans and using bean-managed persistence, is directly related to how efficient or inefficient your vendor is in terms of EJB support When choosing a vendor, ask these questions:

The JSP 2.0 specification define a classic tag handler as follows: A classic tag handler is a Java class that implements the Tag, IterationTag, or BodyTag interface, and is the runtime representation of a custom action. A classic tag handler is just another Java class that implements the methods of the interface being implemented. Each of these three interfaces is meant to denote a different kind of tag handling.

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Topic 14: Time Value of Money Concepts and Calculations - 35 (2) If long-term rates are low, the present value of future cash ows into the future are high, causing a higher bond price The bond s price will rapidly drop if interest rates increase because of the compounding effect of distant cash ows (3) If the bond has a shorter maturity and interest rates rise, its price will not drop as much as the bond with a longer-term maturity (4) The reason is that short- and intermediate-term rates are lower in an upward-sloping yield curve

How do they implement container-managed persistence What is their algorithm for bean passivation Are they fully compliant with EJB 20 That is, do they support message-driven beans and EJB 20-style CMP

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1 Indemnity A Insurance contracts are contracts of indemnity This means that the insurer promises to reimburse the insured up to the extent of the insured s covered nancial loss, or the amount of coverage, whichever is less B There are three principles that support insurance as a contract of indemnity: (1) Doctrine of insurable interest (discussed later)

Understanding what your vendor does well can help you prioritize which aspects of EJB development and deployment you want to leave to your vendor and which you want to take into your own hands

Integration of a PKI with new and existing (legacy) applications is another significant challenge for the organization. Fortunately, products and standards are becoming increasingly available to assist with PKI integration; however, these are still in their infancy. As part of this integration, an important aspect is user interface design. Specifically, a user, or any entity, should control, at all times, how its digital identity and digital signature capabilities are used.

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