This study examined the complex relationships among recession news, the state of the economy, and people's perceptions toward the economy from January through March using trivariate vector autoregression (VAR) analysis. Most of the time-series variables were found to have structural changes during this time frame. With the help of the Chow test, the researchers were able to determine January as the cutoff point to divide the entire period into two: downturn period and recovery period. The relationships among these three time-series were found to be dramatically different across the two distinct periods. The paper concludes that: () the situational factor (different states of economy) played a crucial role in determining how the public evaluates the economy; () the extent to which recession news' impact on people's assessment of the economy depended on different economic circumstances; () news coverage responded differently across these two distinct periods but, in the long run, followed the economic reality; and () the public's sentiments toward the economy can predict economic performance.
By neutral solvent extraction of Elaegia utilis resin, there have been isolated the flavone apigenin (1 2) and the tetracyclic triterpenoid isofouquierol (1 0). whose structure has been confirmed. Dammarenediol-l I (1 ) (in dimorphic form) and a new triterpenoid, (20s) -dammar-24-ene-3P,20,26-triol (6). were obtained from the neutral nonsaponifiable fraction.setts 021 54, U.S.A.THE buds of EZaegia utiZis, found in the Departamento of diol-11) (1), previously isolated from dammar Narifio, Colombia, yield a resin, known as Barniz de Although it was obtained crystalline from aqueous Pasto, used as an adhesive, a fine translucent wood ethanol, and with consonant formula CmH5,02 from finish, and a protective coating for paintings.l We element analysis, immediate identification of this report here the isolation and identification of con-product as (1) was precluded by several apparent disstituents isolated by neutral solvent extraction and from crepancies. Thus, the m.p. (75-79") was incompatible the non-saponifiable fraction.with that reported (130-134") by several g r o ~p s , 3 9 ~* ~
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