The Extended Theory of Finite Fermi Systems is based on the conventional Landau-Migdal theory and includes the coupling to the low-lying phonons in a consistent way. The phonons give rise to a fragmentation of the single-particle strength and to a compression of the single-particle spectrum. Both effects are crucial for a quantitative understanding of nuclear structure properties. We demonstrate the effects on the electric dipole states in 208 Pb (which possesses 50% more neutrons then protons) where we calculated the low-lying non-collective spectrum as well as the high-lying collective resonances. Below 8 MeV, where one expects the so called isovector pygmy resonances, we also find a strong admixture of isoscalar strength that comes from the coupling to the high-lying isoscalar electric dipole resonance, which we obtain at about 22 MeV. The transition density of this resonance is very similar to the breathing mode, which we also calculated. We shall show that the extended theory is the correct approach for self-consistent calculations, where one starts with effective Lagrangians and effective Hamiltonians, respectively, if one wishes to describe simultaneously collective and non-collective properties of the nuclear spectrum. In all cases for which experimental data exist the agreement with the present theory results is good.

The problem of microscopic nuclear structure theory in large single particle basis systems is reviewed. Several approaches are discussed, which attempt to approximate the large model spaces numerically inaccessible in complete shell model expansions of the nuclear wavefunctions. All of them use symmetry projected Hartree-Fock-Bogoliubov quasiparticle configurations as basic building blocks of the theory. They differ, however, in the degree of sophistication of the variational procedures which are used to determine the corresponding mean fields as well as the configuration mixing, u p to a level, on which the construction of the configuration space itself is entirely left to the dynamics of the considered system. The mathematical formalism underlying these models is briefly summarised and the steps towards a numerical realisation are discussed. In several examples the possibilities and the power of the models are demonstrated and their limitations are shown. The models may provide a powerful tool for the analysis of experimental data as well as for predictions in still unexplored regions. On the other hand they may lead to a much better theoretical understanding of effective nuclear interactions as well as the underlying fundamental forces.

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Detailed study of the financial empirical correlation matrix of the 30 companies comprised by DAX within the period of the last 11 years, using the time-window of 30 trading days, is presented. This allows to clearly identify a nontrivial time-dependence of the resulting correlations. In addition, as a rule, the draw downs are always accompanied by a sizable separation of one strong collective eigenstate of the correlation matrix which, at the same time, reduces the variance of the noise states. The opposite applies to draw ups. In this case the dynamics spreads more uniformly over the eigenstates which results in an increase of the total information entropy.PACS numbers: 01.75.+m Science and society -05.40.+j Fluctuation phenomena, random processes, and Brownian motion -89.90.+n Other areas of general interest to physicists