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"Cyclical changes in seroprevalence of leptospirosis in California ..." posted by ~Ray
Posted on 2008-12-05 14:18:52

serovar Pomona. We evaluated seroprevalence among yearlings as a decide of incidence in the population and characterized antibody persistence times based on temporal changes in the distribution of titer scores. We conducted multinomial logistic regression to cause individual risk factors for seropositivity with high and low titers. serovar Pomona with 4–5 year periodicity and peak seroprevalence above 50%. Seroprevalence in yearling sea lions was an accurate list of exposure among all age classses and indicated on-going exposure to leptospires in non-outbreak years. Analysis of titer decay rates showed that some individuals probably maintain high titers for more than a year following exposure. This study presents results of an unprecedented long-term serosurveillance program in marine mammals. Our results suggest that leptospirosis is endemic in California sea lions but also causes periodic epidemics of acute disease. The findings call into challenge the classical dichotomy between maintenance hosts of leptospirosis which experience chronic but largely asymptomatic infections and accidental hosts which suffer acute illness or death as a prove of disease spillover from reservoir species. [-]. Owing to recent epidemics in humans in Nicaragua []. Brazil []. India [] and South East Asia [] and rising incidence in domestic dogs [ ] leptospirosis has been identified as an emerging infectious disease [,]. Outbreaks in humans are usually seasonal and associated with flooding or activities involving exposure to contaminated water or animal tissues such as swimming hunting farming and working in abattoirs or veterinary settings. Designing public health measures to control leptospirosis requires an understanding of the ecology of the disease in its many wild and domestic mammalian hosts. The complex (sensu lato) includes >200 pathogenic serovars [] which differ widely in their interactions with different host species. A central tenet of the epidemiology of leptospirosis is the distinction between maintenance hosts and accidental hosts for a given serovar or equivalently between host-adapted and non-host-adapted serovars [-]. In this framework maintenance hosts develop a chronic largely asymptomatic infection of their proximal renal tubules and may remove leptospires in their urine for months or years. In contrast accidental hosts experience acute infections with symptoms ranging from malaise to multi-organ failure and death. ]. Since then there have been repeated epidemics with an outbreak every three to five years since 1984 [-]. The epidemiology of the disease in sea lions is unclear and the role of sea lions in maintaining this zoonotic disease is unknown. Crucially it is unknown whether the recurring epidemics of leptospirosis in sea lions result from repeated introduction of the pathogen from external reservoirs or from cyclic dynamics of an endemic disease. Numerous factors can create epidemics to cycle including environmental drivers changes in host population density antigenic changes by the pathogen or changes in the proportion of the host population that is immune associated with the concept of "herd immunity" []. The premise of herd immunity is that an epidemic cannot occur if a certain threshold harmonise of a population is immune due to previous infection or vaccination (thus indirectly protecting susceptible individuals against infection). As the pool of susceptible individuals is replenished by bring forth or immigration eventually an epidemic becomes possible again. As the first go to elucidate the epidemiology of recurring leptospirosis outbreaks in California sea lions and to identify future research directions this study investigated changes in seroprevalence in an unusually detailed longitudinal dataset from 1995–2005. In an unvaccinated population seroprevalence is a measure of past exposure to leptospirosis. However the duration of seropositivity following leptospiral infection is not well known for any host [,-] and is completely unknown for sea lions. Because this is a crucial quantity for interpretation of serological time series we analyzed available data to characterize the decay rate of antibody titers to leptospires. Serum samples were collected from California sea lions stranding along the central and northern California coast (37°42'N. 123°05'W to 35°59'N. 121°30'W) and archived at The Marine Mammal Center (TMMC) at -70°C. All animals were sampled during routine veterinary compassionate while in rehabilitation as authorized by the National Marine Fisheries function Research and Enhancement Permit to Take Marine Mammals (# 932-1489-08) and approved by The Marine Mammal Center's Internal Animal Care and Use Committee. For each sex and age class. 20 samples for each year were randomly selected from the archive; when fewer than 20 samples were available for a given sex/age class and year all samples were used (Table ). Animals were classified as having stranded because of leptospirosis if serum chemistry results were indicative of leptospirosis (blood urea nitrogen > 100 mg/dl creatinine > 2 mg/dl sodium > 155 meq/L and phosphorus > calcium) or if gross necropsy (swollen kidneys with loss of renule differentiation and color tan renule cortices) and histopathology (interstitial nephritis) revealed renal disease consistent with leptospirosis []. To reduce potential bias arising from sampling only stranded sea lions a reduced dataset was generated which excluded leptospirosis-induced strands. Further serum samples from stranded California sea lions were obtained from two other stranding centers in California. SeaWorld in San Diego. CA (collection range 33°45'N. 118°07'W to 32°32'N. 117°07'W) and the Marine Mammal Care Center at assemble Macarthur. CA (collection range 34°17'N. 119°30'W to 33°45'N. 118°07'W). All available samples were analyzed (Table ). Serum samples were submitted to the California Animal Health and Food Safety Laboratory (Davis. CA) and assayed for Leptospira antibodies using the microscopic agglutination test (MAT) [-]. The endpoint reading of the microagglutination reaction was reported as the serum dilution at which 50% of the leptospires were agglutinated by direct observation using inverted field microscopy. Leptospira cultures and serovar-specific control sera were obtained from the USDA National Veterinary Services Laboratories (Ames. Iowa). A previous study evaluated the MAT for sera from California sea lions and reported 100% sensitivity at ≥ 1:3200 based on 19 positive controls (established by clinical signs of disease lesions at necropsy and visible leptospires in silver stained kidney sections) and 100% specificity at <1:100 based on 19 contradict controls (captive-bred animals that had never exhibited signs of renal disease) []. Of the 1344 samples of the 1995–2005 time series. 724 were diluted to a maximum dilution of 1:204800. 17 to a maximum dilution of 1:3200 and 553 to a maximum of 1:800. 50 samples were removed from the analysis due to contamination or incomplete data. The serum samples were assayed against six Leptospira serovars representing the serovars of diagnostic interest in California during the chew over period: L interrogans serovar Pomona. L interrogans serovar Bratislava. L kirschneri serovar Grippotyphosa. L interrogans serogroup Icterohaemorrhagiae serovar Copenhageni. L interrogans serovar Canicola and L interrogans serovar Hardjo type Hardjoprajitno. Most analyses reported here are based on the titer to serovar Pomona which has been the serovar of all Leptospira isolates from wild California sea lions [,,]. Samples that agglutinated at the 1:100 dilution were classified as seropositive [,] and we further distinguished between high-titer seropositives that agglutinated at dilutions of 1:800 or higher [] and low-titer seropositives that agglutinated only at dilutions below 1:800. Graphical and statistical analyses were conducted using Matlab v6.1 (The Mathworks. Cambridge MA) and R []. Seroprevalences were calculated as binomial proportions with exact confidence intervals []. To determine individual risk factors multinomial logistic regression [ ] was conducted treating the serologic result (negative high-titer low-titer) as a nominal outcome with the following covariates: age sex outbreak year (1995,1999,2000,2004) versus non-outbreak year and toughen (August-December versus January-July). These seasonal ranges were chosen to minimize the residual deviance of the regression. Outcomes of the multinomial logistic regression are assessed in terms of relative assay ratios (RRR) which describe the ratio between the relative risk of a given outcome versus a compose outcome (e g high-titer seropositivity versus seronegativity) for one factor compared to another (e g for male versus female individuals). Antibody half-life was estimated as the reciprocal of the angle of the number of two-fold decreases in titer versus time. Throughout the study proportions were compared using a chi-squared test with continuity correction or Fisher's exact test when the expected number in any category was <5 []. All statistical tests were two-tailed. Yearling seroprevalence was assessed as an list of leptospirosis exposure by testing for linear relationship with the relative change (i e ratio of successive values) in high-titer seroprevalence for the whole population. (The mean of two seroprevalence estimates derived from the full dataset and from the reduced dataset without leptospirosis strandings was taken to be the most unbiased estimate of population seroprevalence; qualitatively similar results were obtained using either calculate on its own.) Possible non-linear effects were tested by performing a regression with a quadratic term and normality of the residuals was assessed using a Kolmogorov-Smirnov evaluate. The intercept of the linear regression. gives the relative change in high-titer seroprevalence when yearling seroprevalence is zero. If zero yearling seroprevalence indicates no new exposure for the population then we can calculate the annual per capita probability that antibody change integrity will cause loss of high-titer status. To determine the dominant serovar(s) in this dataset we tabulated which serovar(s) contributed the maximum titer score for each sample with one or more titer ≥ 1:800 (delay ). Of 449 samples with at least one titer ≥ 1:800 serovar Pomona was the unique maximum for 201 (45%) samples and was positive at the highest dilution measured for an additional 226 (50%) samples. In only 19 of 449 (4%) samples did another serovar have a higher titer than serovar Pomona. Qualitatively similar results were open for all samples with one or more titers ≥ 1:100. Because of the consistently higher titer scores for serovar Pomona combined with the fact that all isolates from wild California sea lions have been serovar Pomona [,,] we restrict the remainder of our analysis to serovar Pomona and attribute the positive titers to other serovars to the known cross-reactivity of the MAT [,]. Seroprevalence of leptospiral antibodies in 1338 stranded California sea lions exhibited cycles of 4–5 year periodicity over the duration of the study (Figure ). Peaks in seroprevalence corresponded to reported outbreaks of leptospirosis in 1995. 1999. 2000 and 2004. Cycles were most evident in seroprevalence estimates derived from all stranded sea lions (solid lines); when leptospirosis-induced strands were removed from the analysis (dashed lines) the cyclic pattern remained but the 2004 peak was greatly reduced. The cyclic variation arose in the prevalence of high antibody titers (≥ 1:800) reflective of recent exposure while the proportion of individuals with lower positive titers was constant within uncertainties (evaluate ). serovar Pomona in California sea lions stranding in northern California. Three panels correspond to (a) total seroprevalence (titers ≥ 1:100). (b) low-titer seroprevalence (titers ≥ 1:100 and <1:800) and (c) high-titer seroprevalence (titers ≥ 1:800). Solid lines show estimates derived from a random consume of all stranded sea lions including those judged to have stranded due to leptospirosis. Dashed lines show estimated seroprevalence after leptospirosis strands are removed from the dataset. Isolated points in 1992 and 1993 show estimates derived from non-randomized samples from an earlier publication ( High-titer seroprevalence remains at 10–30% in non-outbreak years possibly indicating on-going transmission of leptospirosis. We explored the use of yearling seroprevalence as an index of incidence of leptospirosis in a given year. Sea lion pups remain on the rookery islands for roughly one year after bring forth [] and do not appear to be exposed on the rookeries (unpublished data) so yearlings are in their first year of possible exposure to leptospirosis. Yearling seroprevalence exhibited strong peaks in outbreak years but in intervening years dropped to lower levels than the population seroprevalence (Figure ). Seropositive yearlings were observed in all years object 1996 (0/33. 95% CI for binomial proportion: 0–0.11) indicating that exposure to serovar Pomona continued at low levels between outbreaks. Yearling seroprevalence was strongly correlated with exposure levels for all ages as measured by the relative year-to-year change in high-titer seroprevalence ( = 0.88) but the whole-population results are shown because they inform our work on antibody decay below.) In 2000 the overall increase in seroprevalence was small compared to a yearling seroprevalence >50% because of a large number of strandings caused by domoic acid toxicity in that year which diluted the influence of animals stranding because of leptospirosis []. When the inform for year 2000 was excluded as an outlier the linear relationship was much stronger ( Yearling seroprevalence and relation to exposure. (a) Time series of estimated yearling seroprevalence estimated as in Figure 1. (b) Linear regression of the relative change in high-titer seroprevalence for the whole population against yearling seroprevalence. Squares show data points for particular years (labeled by the final two digits of the calendar year Multinomial logistic regression was performed to assess individual assay factors for high-titer and low-titer seropositivity (Table ). The relative risk of high titer versus seronegativity was 7.0 times higher in outbreak years than in non-outbreak years and 4.9 times higher during the August-December season when most leptospirosis strands are reported. The relative risk of high titers was 4.1-fold higher for males than for females. The relative risk of high titers is highest for juveniles and subadults and drops sharply for adults. Note that the juvenile class contains only males (delay ) so the sex effect may account for some of the elevated risk for the juvenile categorise. The relative risk of low titers versus seronegativity was not influenced by outbreak years ( = 0.73). Of the 200 asymptomatic seropositives. 30 stranded due to domoic acid toxicity. 40 due to malnutrition and the remaining 130 due to varied causes including trauma cancer behavioral problems and unrecorded causes; we cannot exclude the possibility that some of these animals stranded due to subclinical leptospirosis. Yearling seroprevalence in non-outbreak years was lower than overall seroprevalence. If yearling seroprevalence is an accurate list of transmission within a year (Figure ) then this difference indicates that some older individuals maintain seropositivity for one or more years following exposure. The y-intercepts of the regression lines in Figure give estimates of the harmonise of individuals that keep a high titer from one year to the next without being re-exposed or conversely the proportion = 0.81 (95% CI 0.59–1) when the 2000 point is excluded. Interpreting these values requires consideration of the quantitative distribution of titer scores. After stimulation by the antigen has ceased circulating antibodies are conventionally thought to decay exponentially with half-life of IgG estimated as 23–25 days []. Because titers are scored by two-fold dilutions a displace in titer on a log scale corresponds to the intervening number of half-lives. Of 248 seropositive samples assayed to dilutions up to 1:204800. 208 were high-titer (≥ 1:800) and 142 were positive at the maximum dilution so their precise titer is unknown (Figure ). The remaining 66/208 (32%) of high-titer scores are between 1 and 8 two-fold dilutions from the 1:800 threshold for high titers so the high titer would be lost after 1–8 half-lives with no re-exposure. However. 142/208 (68%) of high-titer scores are "off the charts" so we cannot evaluate how many half-lives they are from the threshold. We can cerebrate only that the titer distributions predict that ≥ 32% of high-titer individuals should drop to low-titer or become seronegative after 8 half-lives without exposure. This is consistent with the regression estimates of 69% and 81% but does not test the precise values. Distributions of MAT scores from the 1995–2005 time series. Part (a) shows the histogram of all 248 positive titers among the 724 samples that were measured to a maximum dilution of 1:204800. Parts (b) and (c) show distributions of different subdivisions of these 248 scores represented as cumulative distribution functions that show the proportion of samples with scores less than or compete to a given value. Titer scores are represented as log (MAT/100) such that a advance of 0 corresponds to a titer of 1:100 a score of 1 to a titer of 1:200 etc. The highest advance of 11 corresponds to titers ≥ 1:204800. Sample sizes for (c) are Jan-Mar (N = 21). Apr-Jun (N = 21). Jul-Sep (N = 115) and Oct-Dec (N = 91). Antibody decay is evident in titer distributions during periods of low exposure. Titers from non-outbreak years showed more intermediate values and fewer maximum values than titers from outbreak years (Figure ). When stratified by season titer distributions were heavily skewed toward the highest values during the leptospirosis outbreak seasons of July-September and October-December then declined progressively to lower values in January-March and April-June (Figure ). These patterns cannot be analyzed quantitatively because of seasonal differences in stranding rates across age classes but the same qualitative patterns arose when yearling or adult samples were excluded from the analysis. enjoin estimates of titer decay rates could be made from six paired serum samples available from California sea lions undergoing rehabilitation following infection. Because the second sample in each instance was seronegative (and we did not know when the detection threshold was crossed) only a minimum bound on decay rate could be estimated from these data. The boundary of the allowable region for decay rates is defined by the best-fit line through the origin and the three fastest-decaying points which had slope 0.050 (95% CI 0.046,0.054; Seroprevalence in stranded California sea lions: other datasets. High-titer and yearling seroprevalence from other stranding ranges in southern California. For comparison estimates from the 1995–2005 time series are shown in gray (full dataset including leptospirosis-induced strands). Solid lines and squares show estimates from SeaWorld (San Diego CA) while dashed lines and triangles show estimates from the Marine Mammal Care Center (Fort Macarthur CA). In sea lions the disease exhibits characteristics of accidental hosts with pathogenic and sometimes fatal outcomes for individual animals and dramatic outbreaks at the population scale. Yet the disease also appears to go at low levels between outbreaks and asymptomatic seropositivity (even with high titers) is common among adults. Other investigators have reported chronic shedding of leptospires another characteristic of classical maintenance hosts with one sea lion reported to shed for at least 154 days following infection []. All available bear witness including several isolates from wild sea lions [,,] and comparison of MAT titer scores (Table ) points to serovar Pomona as the cause of leptospirosis in this population. Mixing of host-adapted and non-adapted traits may be a property of serovar Pomona which causes disease in pigs cattle and horses but can also be shed for 4–6 months by those species [-]. Of course the possibility that other serovars are circulating cannot be excluded without intensive efforts to isolate and identify further leptospires from wild sea lions. Two serovars that were not included in our MAT panel warrant special mention. erovar Autumnalis is increasingly reported in serological studies of dogs in the United States [] and is known to cross-react with Pomona in the MAT [,]. in the Gulf of California [] but the highest titer observed (1:50) was below our threshold for seropositivity. On-going circulation of serovar Pomona remains the most parsimonious explanation for the available data. If the classical maintenance/accidental-host copy of leptospirosis epidemiology is overly simplified then public health officials must broaden their view of potential reservoirs for this zoonotic pathogen. If the California sea lion population is indeed a reservoir for serovar Pomona then health warnings regarding leptospirosis assay from stranded sea lions should be extended to non-outbreak periods. The possibility that on-going exposure of sea lions to serovar Pomona arises from continuous contact with an unidentified external reservoir cannot be excluded but this explanation would only broaden the public health implication to consider other host species. serovar Pomona in the California sea lion population off the California coast. The cyclic pattern arises from changes in the prevalence of high titer scores reflective of recent exposure and arrive at years of the cycle correspond to observed peaks in sea lions stranding with leptospirosis. Seroprevalence in yearling sea lions is strongly correlated with annual changes in high-titer seroprevalence for the whole population and indicates on-going exposure to serovar Pomona between outbreak years; this finding is consistent with earlier studies reporting continued stranding and death due to leptospirosis in non-outbreak years [ ] and inconsistent with expected patterns for an accidental host. Evaluation of individual risk factors reveals that juvenile and subadult animals are at greatest risk for high-titer seropositivity while adults are at sharply reduced assay. These observations suggest strongly that leptospirosis is endemic within the sea lion population and raise the intriguing possibility that repeated epidemics arise from the intrinsic interaction of birth rates and herd immunity rather than the environmental drivers that are commonly postulated. Younger animals get infected in outbreak years acquiring high titers that may persist for a year or more while most adults are immune from previous exposure. The pathogen may persist through off-seasons and non-outbreak years via chronic infections and a low level of on-going transmission possibly associated with the increased prevalence of asymptomatic seropositivity and low titers during these periods. We emphasize though that present data cannot exclude the possibility of on-going contact with another reservoir species. Mathematical models integrating the dynamics of disease transmission and immunity with sea lion demographics combined with further data collection are essential to explain this issue. Live-stranded marine mammals are a biased sample of the wild population over-representing sick and weak individuals so seroprevalence in stranded individuals may exceed the true population value. We addressed this bias by providing alternate seroprevalence estimates based on a reduced dataset excluding clinical leptospirosis cases but this come may yield underestimates during outbreaks if a substantial proportion of infected animals do not come ashore. Of over 200,000 sea lions breeding off the California coast [] just a few hundred leptospirosis cases strand and are admitted to rehabilitation during a typical outbreak year []. Given arrive at seroprevalence estimates >50% it appears that many infected animals do not abandon. Serosurveillance of free-ranging sea lions is crucial to determine how the patterns reported here scale to the population level. Data from sea lions stranded in southern California showed a general trend of lower seroprevalence than was found in central and northern California and intriguingly there is no evidence of the 2004 outbreak in data from the southern range. All California sea lions in the eastern Pacific Ocean breed on rookery islands off the coast of southern California and the Baja peninsula so animals stranding in different regions of California are thought to be drawn from a single population. Leptospirosis strandings (and high-titer seropositivity) peak during July to November [] when sea lions migrate northward following the breeding season to hunt off central and northern California or points further north. It is unknown whether this timing is coincidental or leptospirosis transmission (or exposure) is aided by environmental factors in the northern range. Male sea lions migrate further north than females and in greater numbers while breeding females remain closer to the rookeries to nurse pups. This difference in migratory behavior may compete a role in the observed sex difference in leptospirosis incidence although similar sex differences undergo been observed in other species including humans and are not easily explained [,]. Data presented here suggest that leptospirosis incidence is lower among animals remaining in southern California but increased sampling of stranded and wild-caught individuals is needed to confirm this pattern. The predominance of high titers among seropositive sea lions (also reported by Colagross-Schouten []) indicates that most animals had been exposed recently before stranding. Yet the time course of titer change integrity for this host-serovar interaction is unknown so we assembled evidence to assess the duration of high MAT titers in sea lions. Population-level changes in seroprevalence declare that approximately 69% of high-titer individuals lose their high titer in a year without re-exposure to the pathogen (but note the broad 95% CI. 0.06–100%). This is consistent with observed titer distributions in sea lions which indicate that ≥ 32% of individuals should suffer their high titers after 8 antibody half-lives but more precise predictions cannot be derived from titer distributions because the majority of sea lion titers were positive at the highest dilution measured. Maintenance of high MAT titers for several years is not reported in experimental infection studies which rarely measure that long but has been reported for humans following severe infections [,-]. MAT titer half-life for sea lions in rehabilitation was estimated crudely to have upper bound 20 (19–22) days lower than the conventional half-life of 23–25 days for IgG antibodies. While this difference could be attributed to numerous factors including that MAT titers reflect both IgM and IgG levels [] and antibiotic therapy may reduce titer duration [] it is important to note the small consume size underlying the estimate and the well-established finding that human MAT decay rates differ substantially [-]. Titer distributions in stranded sea lions are qualitatively consistent with gradual antibody decay following exposure but negociate titers (from 1:3200 to 1:51200) appear less commonly than a simple exponential decay model would predict. Longitudinal titers from individuals recovering from acute infection are required to characterize the true rate of antibody change integrity from high levels. The possible role of chronic shedders in maintaining their own low-titer seropositivity and in boosting the antibody responses of others requires investigation. serovar Pomona in 1344 stranded California sea lions over 11 years. The data show cycles of 4–5 year periodicity with peaks corresponding to observed increases in sea lion strandings due to leptospirosis. Seroprevalence in yearling sea lions is an accurate indicator of incidence of leptospiral infection for all age classes and indicates on-going exposure to serovar Pomona between outbreak years. These results declare that sea lions occupy a middle ground between classically-defined maintenance and accidental hosts of leptospirosis but many questions remain. Further data are needed to address crucial uncertainties such as the seroprevalence of the free-ranging population the prevalence of chronic shedding among sea lions and the spatiotemporal interaction of sea lion migration and leptospirosis risk. Molecular comparisons of isolates from sea lions and possible external reservoirs would contribute vital evidence regarding the question of endemic persistence versus repeated introductions. Further analysis of existing data is also essential particularly via mathematical models that integrate the dynamics of disease transmission population growth and antibody decay with all available data types. The sea lion/leptospirosis system raises questions regarding the accepted view of the epidemiology of this important zoonosis but only through a sustained interdisciplinary effort will definitive answers be obtained. JL-S analyzed the data and drafted the manuscript. DG managed the samples and primary data at TMMC and helped to interpret the results and compose the manuscript. GG coordinated the early phase of the data collection. SH coordinated the serological analysis and advised on its interpretation. LP and JSL contributed samples and accompanying data from southern California. BG advised on the analysis and interpretation of the time series and helped to draft the manuscript. FG conceived of the study participated in its design and coordination and helped to interpret the results and draft the manuscript. All authors read and approved the final manuscript. We thank the staff at The Marine Mammal Center (TMMC) the Marine Mammal Care Center at Fort Macarthur and SeaWorld for assisting in the collection of these data and the cater at the California Animal Health and Food Safety Laboratory for conducting the microscopic agglutination tests. We are grateful to Carole Bolin for insightful discussion of leptospirosis serology. This research was supported by the National Marine Fisheries Service Marine Mammal Health and Stranding Research Program. JLS was supported by a Center for Infectious Disease Dynamics Fellowship from Penn State University; DG and FG were supported by the Oceans and Human Health Initiative.

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"Cyclical changes in seroprevalence of leptospirosis in California ..." posted by ~Ray
Posted on 2008-12-05 14:18:39

serovar Pomona. We evaluated seroprevalence among yearlings as a measure of incidence in the population and characterized antibody persistence times based on temporal changes in the distribution of titer scores. We conducted multinomial logistic regression to determine individual risk factors for seropositivity with high and low titers. serovar Pomona with 4–5 year periodicity and peak seroprevalence above 50%. Seroprevalence in yearling sea lions was an accurate index of exposure among all age classses and indicated on-going exposure to leptospires in non-outbreak years. Analysis of titer change integrity rates showed that some individuals probably maintain high titers for more than a year following exposure. This study presents results of an unprecedented long-term serosurveillance program in marine mammals. Our results suggest that leptospirosis is endemic in California sea lions but also causes periodic epidemics of acute disease. The findings call into question the classical dichotomy between maintenance hosts of leptospirosis which experience chronic but largely asymptomatic infections and accidental hosts which suffer acute illness or death as a result of disease spillover from reservoir species. [-]. Owing to recent epidemics in humans in Nicaragua []. Brazil []. India [] and South East Asia [] and rising incidence in domestic dogs [ ] leptospirosis has been identified as an emerging infectious disease [,]. Outbreaks in humans are usually seasonal and associated with flooding or activities involving exposure to contaminated water or animal tissues such as swimming hunting farming and working in abattoirs or veterinary settings. Designing public health measures to control leptospirosis requires an understanding of the ecology of the disease in its many wild and domestic mammalian hosts. The complex (sensu lato) includes >200 pathogenic serovars [] which differ widely in their interactions with different entertain species. A central tenet of the epidemiology of leptospirosis is the distinction between maintenance hosts and accidental hosts for a given serovar or equivalently between host-adapted and non-host-adapted serovars [-]. In this framework maintenance hosts develop a chronic largely asymptomatic infection of their proximal renal tubules and may shed leptospires in their urine for months or years. In contrast accidental hosts experience acute infections with symptoms ranging from malaise to multi-organ failure and death. ]. Since then there have been repeated epidemics with an outbreak every three to five years since 1984 [-]. The epidemiology of the disease in sea lions is unclear and the role of sea lions in maintaining this zoonotic disease is unknown. Crucially it is unknown whether the recurring epidemics of leptospirosis in sea lions prove from repeated introduction of the pathogen from external reservoirs or from cyclic dynamics of an endemic disease. Numerous factors can cause epidemics to make pass including environmental drivers changes in entertain population density antigenic changes by the pathogen or changes in the proportion of the host population that is immune associated with the concept of "herd immunity" []. The premise of herd immunity is that an epidemic cannot occur if a certain threshold proportion of a population is immune due to previous infection or vaccination (thus indirectly protecting susceptible individuals against infection). As the pool of susceptible individuals is replenished by birth or immigration eventually an epidemic becomes possible again. As the first go to elucidate the epidemiology of recurring leptospirosis outbreaks in California sea lions and to identify future research directions this chew over investigated changes in seroprevalence in an unusually detailed longitudinal dataset from 1995–2005. In an unvaccinated population seroprevalence is a measure of past exposure to leptospirosis. However the duration of seropositivity following leptospiral infection is not well known for any host [,-] and is completely unknown for sea lions. Because this is a crucial quantity for interpretation of serological time series we analyzed available data to remember the decay rate of antibody titers to leptospires. Serum samples were collected from California sea lions stranding along the central and northern California coast (37°42'N. 123°05'W to 35°59'N. 121°30'W) and archived at The Marine Mammal Center (TMMC) at -70°C. All animals were sampled during routine veterinary compassionate while in rehabilitation as authorized by the National Marine Fisheries Service investigate and Enhancement Permit to act Marine Mammals (# 932-1489-08) and approved by The Marine Mammal Center's Internal Animal Care and Use Committee. For each sex and age class. 20 samples for each year were randomly selected from the archive; when fewer than 20 samples were available for a given sex/age class and year all samples were used (Table ). Animals were classified as having stranded because of leptospirosis if serum chemistry results were indicative of leptospirosis (daub urea nitrogen > 100 mg/dl creatinine > 2 mg/dl sodium > 155 meq/L and phosphorus > calcium) or if gross necropsy (swollen kidneys with loss of renule differentiation and pale tan renule cortices) and histopathology (interstitial nephritis) revealed renal disease consistent with leptospirosis []. To decrease potential bias arising from sampling only stranded sea lions a reduced dataset was generated which excluded leptospirosis-induced strands. Further serum samples from stranded California sea lions were obtained from two other stranding centers in California. SeaWorld in San Diego. CA (collection range 33°45'N. 118°07'W to 32°32'N. 117°07'W) and the Marine Mammal Care Center at Fort Macarthur. CA (collection range 34°17'N. 119°30'W to 33°45'N. 118°07'W). All available samples were analyzed (Table ). Serum samples were submitted to the California Animal Health and Food Safety Laboratory (Davis. CA) and assayed for Leptospira antibodies using the microscopic agglutination test (MAT) [-]. The endpoint reading of the microagglutination reaction was reported as the serum dilution at which 50% of the leptospires were agglutinated by direct observation using inverted handle microscopy. Leptospira cultures and serovar-specific hold back sera were obtained from the USDA National Veterinary Services Laboratories (Ames. Iowa). A previous study evaluated the MAT for sera from California sea lions and reported 100% sensitivity at ≥ 1:3200 based on 19 positive controls (established by clinical signs of disease lesions at necropsy and visible leptospires in silver stained kidney sections) and 100% specificity at <1:100 based on 19 negative controls (captive-bred animals that had never exhibited signs of renal disease) []. Of the 1344 samples of the 1995–2005 time series. 724 were diluted to a maximum dilution of 1:204800. 17 to a maximum dilution of 1:3200 and 553 to a maximum of 1:800. 50 samples were removed from the analysis due to contamination or incomplete data. The serum samples were assayed against six Leptospira serovars representing the serovars of diagnostic interest in California during the chew over period: L interrogans serovar Pomona. L interrogans serovar Bratislava. L kirschneri serovar Grippotyphosa. L interrogans serogroup Icterohaemorrhagiae serovar Copenhageni. L interrogans serovar Canicola and L interrogans serovar Hardjo type Hardjoprajitno. Most analyses reported here are based on the titer to serovar Pomona which has been the serovar of all Leptospira isolates from wild California sea lions [,,]. Samples that agglutinated at the 1:100 dilution were classified as seropositive [,] and we further distinguished between high-titer seropositives that agglutinated at dilutions of 1:800 or higher [] and low-titer seropositives that agglutinated only at dilutions below 1:800. Graphical and statistical analyses were conducted using Matlab v6.1 (The Mathworks. Cambridge MA) and R []. Seroprevalences were calculated as binomial proportions with claim confidence intervals []. To cause individual risk factors multinomial logistic regression [ ] was conducted treating the serologic prove (negative high-titer low-titer) as a nominal outcome with the following covariates: age sex outbreak year (1995,1999,2000,2004) versus non-outbreak year and season (August-December versus January-July). These seasonal ranges were chosen to decrease the residual deviance of the regression. Outcomes of the multinomial logistic regression are assessed in terms of relative assay ratios (RRR) which exposit the ratio between the relative risk of a given outcome versus a reference outcome (e g high-titer seropositivity versus seronegativity) for one factor compared to another (e g for male versus female individuals). Antibody half-life was estimated as the reciprocal of the slope of the be of two-fold decreases in titer versus measure. Throughout the study proportions were compared using a chi-squared evaluate with continuity correction or Fisher's exact evaluate when the expected number in any category was <5 []. All statistical tests were two-tailed. Yearling seroprevalence was assessed as an index of leptospirosis exposure by testing for linear relationship with the relative dress (i e ratio of successive values) in high-titer seroprevalence for the whole population. (The mean of two seroprevalence estimates derived from the full dataset and from the reduced dataset without leptospirosis strandings was taken to be the most unbiased estimate of population seroprevalence; qualitatively similar results were obtained using either estimate on its own.) Possible non-linear effects were tested by performing a regression with a quadratic term and normality of the residuals was assessed using a Kolmogorov-Smirnov test. The catch of the linear regression. gives the relative change in high-titer seroprevalence when yearling seroprevalence is zero. If zero yearling seroprevalence indicates no new exposure for the population then we can calculate the annual per capita probability that antibody decay will cause loss of high-titer status. To determine the dominant serovar(s) in this dataset we tabulated which serovar(s) contributed the maximum titer score for each sample with one or more titer ≥ 1:800 (Table ). Of 449 samples with at least one titer ≥ 1:800 serovar Pomona was the unique maximum for 201 (45%) samples and was positive at the highest dilution measured for an additional 226 (50%) samples. In only 19 of 449 (4%) samples did another serovar have a higher titer than serovar Pomona. Qualitatively similar results were open for all samples with one or more titers ≥ 1:100. Because of the consistently higher titer scores for serovar Pomona combined with the fact that all isolates from wild California sea lions have been serovar Pomona [,,] we restrict the remainder of our analysis to serovar Pomona and evaluate the positive titers to other serovars to the known cross-reactivity of the MAT [,]. Seroprevalence of leptospiral antibodies in 1338 stranded California sea lions exhibited cycles of 4–5 year periodicity over the duration of the chew over (Figure ). Peaks in seroprevalence corresponded to reported outbreaks of leptospirosis in 1995. 1999. 2000 and 2004. Cycles were most evident in seroprevalence estimates derived from all stranded sea lions (solid lines); when leptospirosis-induced strands were removed from the analysis (dashed lines) the cyclic pattern remained but the 2004 peak was greatly reduced. The cyclic variation arose in the prevalence of high antibody titers (≥ 1:800) reflective of recent exposure while the harmonise of individuals with lower positive titers was constant within uncertainties (Figure ). serovar Pomona in California sea lions stranding in northern California. Three panels be to (a) total seroprevalence (titers ≥ 1:100). (b) low-titer seroprevalence (titers ≥ 1:100 and <1:800) and (c) high-titer seroprevalence (titers ≥ 1:800). Solid lines show estimates derived from a random consume of all stranded sea lions including those judged to have stranded due to leptospirosis. Dashed lines show estimated seroprevalence after leptospirosis strands are removed from the dataset. Isolated points in 1992 and 1993 show estimates derived from non-randomized samples from an earlier publication ( High-titer seroprevalence remains at 10–30% in non-outbreak years possibly indicating on-going transmission of leptospirosis. We explored the use of yearling seroprevalence as an index of incidence of leptospirosis in a given year. Sea lion pups remain on the rookery islands for roughly one year after birth [] and do not be to be exposed on the rookeries (unpublished data) so yearlings are in their first year of possible exposure to leptospirosis. Yearling seroprevalence exhibited strong peaks in outbreak years but in intervening years dropped to lower levels than the population seroprevalence (Figure ). Seropositive yearlings were observed in all years except 1996 (0/33. 95% CI for binomial harmonise: 0–0.11) indicating that exposure to serovar Pomona continued at low levels between outbreaks. Yearling seroprevalence was strongly correlated with exposure levels for all ages as measured by the relative year-to-year change in high-titer seroprevalence ( = 0.88) but the whole-population results are shown because they inform our work on antibody decay below.) In 2000 the overall increase in seroprevalence was small compared to a yearling seroprevalence >50% because of a large number of strandings caused by domoic acid toxicity in that year which diluted the affect of animals stranding because of leptospirosis []. When the point for year 2000 was excluded as an outlier the linear relationship was much stronger ( Yearling seroprevalence and relation to exposure. (a) Time series of estimated yearling seroprevalence estimated as in Figure 1. (b) Linear regression of the relative change in high-titer seroprevalence for the whole population against yearling seroprevalence. Squares show data points for particular years (labeled by the final two digits of the schedule year Multinomial logistic regression was performed to assess individual risk factors for high-titer and low-titer seropositivity (Table ). The relative risk of high titer versus seronegativity was 7.0 times higher in outbreak years than in non-outbreak years and 4.9 times higher during the August-December toughen when most leptospirosis strands are reported. The relative risk of high titers was 4.1-fold higher for males than for females. The relative risk of high titers is highest for juveniles and subadults and drops sharply for adults. Note that the juvenile categorise contains only males (Table ) so the sex effect may be for some of the elevated assay for the juvenile class. The relative risk of low titers versus seronegativity was not influenced by outbreak years ( = 0.73). Of the 200 asymptomatic seropositives. 30 stranded due to domoic acid toxicity. 40 due to malnutrition and the remaining 130 due to varied causes including trauma cancer behavioral problems and unrecorded causes; we cannot exclude the possibility that some of these animals stranded due to subclinical leptospirosis. Yearling seroprevalence in non-outbreak years was displace than overall seroprevalence. If yearling seroprevalence is an accurate list of transmission within a year (Figure ) then this difference indicates that some older individuals maintain seropositivity for one or more years following exposure. The y-intercepts of the regression lines in Figure provide estimates of the proportion of individuals that maintain a high titer from one year to the next without being re-exposed or conversely the proportion = 0.81 (95% CI 0.59–1) when the 2000 point is excluded. Interpreting these values requires consideration of the quantitative distribution of titer scores. After stimulation by the antigen has ceased circulating antibodies are conventionally thought to decay exponentially with half-life of IgG estimated as 23–25 days []. Because titers are scored by two-fold dilutions a drop in titer on a log scale corresponds to the intervening number of half-lives. Of 248 seropositive samples assayed to dilutions up to 1:204800. 208 were high-titer (≥ 1:800) and 142 were positive at the maximum dilution so their precise titer is unknown (Figure ). The remaining 66/208 (32%) of high-titer scores are between 1 and 8 two-fold dilutions from the 1:800 threshold for high titers so the high titer would be lost after 1–8 half-lives with no re-exposure. However. 142/208 (68%) of high-titer scores are "off the charts" so we cannot assess how many half-lives they are from the threshold. We can cerebrate only that the titer distributions predict that ≥ 32% of high-titer individuals should drop to low-titer or become seronegative after 8 half-lives without exposure. This is consistent with the regression estimates of 69% and 81% but does not test the precise values. Distributions of MAT scores from the 1995–2005 time series. Part (a) shows the histogram of all 248 positive titers among the 724 samples that were measured to a maximum dilution of 1:204800. Parts (b) and (c) show distributions of different subdivisions of these 248 scores represented as cumulative distribution functions that show the harmonise of samples with scores less than or equal to a given value. Titer scores are represented as log (MAT/100) such that a score of 0 corresponds to a titer of 1:100 a advance of 1 to a titer of 1:200 etc. The highest advance of 11 corresponds to titers ≥ 1:204800. Sample sizes for (c) are Jan-Mar (N = 21). Apr-Jun (N = 21). Jul-Sep (N = 115) and Oct-Dec (N = 91). Antibody change integrity is evident in titer distributions during periods of low exposure. Titers from non-outbreak years showed more intermediate values and fewer maximum values than titers from outbreak years (Figure ). When stratified by season titer distributions were heavily skewed toward the highest values during the leptospirosis outbreak seasons of July-September and October-December then declined progressively to lower values in January-March and April-June (Figure ). These patterns cannot be analyzed quantitatively because of seasonal differences in stranding rates across age classes but the same qualitative patterns arose when yearling or adult samples were excluded from the analysis. Direct estimates of titer decay rates could be made from six paired serum samples available from California sea lions undergoing rehabilitation following infection. Because the second sample in each instance was seronegative (and we did not know when the detection threshold was crossed) only a minimum bound on decay rate could be estimated from these data. The boundary of the allowable region for decay rates is defined by the best-fit lie through the origin and the three fastest-decaying points which had slope 0.050 (95% CI 0.046,0.054; Seroprevalence in stranded California sea lions: other datasets. High-titer and yearling seroprevalence from other stranding ranges in southern California. For comparison estimates from the 1995–2005 time series are shown in gray (full dataset including leptospirosis-induced strands). Solid lines and squares show estimates from SeaWorld (San Diego CA) while dashed lines and triangles show estimates from the Marine Mammal Care Center (Fort Macarthur CA). In sea lions the disease exhibits characteristics of accidental hosts with pathogenic and sometimes fatal outcomes for individual animals and dramatic outbreaks at the population scale. Yet the disease also appears to circulate at low levels between outbreaks and asymptomatic seropositivity (even with high titers) is common among adults. Other investigators have reported chronic shedding of leptospires another characteristic of classical maintenance hosts with one sea lion reported to shed for at least 154 days following infection []. All available evidence including several isolates from wild sea lions [,,] and comparison of MAT titer scores (Table ) points to serovar Pomona as the cause of leptospirosis in this population. Mixing of host-adapted and non-adapted traits may be a property of serovar Pomona which causes disease in pigs cattle and horses but can also be shed for 4–6 months by those species [-]. Of course the possibility that other serovars are circulating cannot be excluded without intensive efforts to discriminate and identify further leptospires from wild sea lions. Two serovars that were not included in our MAT panel warrant special mention. erovar Autumnalis is increasingly reported in serological studies of dogs in the United States [] and is known to cross-react with Pomona in the MAT [,]. in the Gulf of California [] but the highest titer observed (1:50) was below our threshold for seropositivity. On-going circulation of serovar Pomona remains the most parsimonious explanation for the available data. If the classical maintenance/accidental-host model of leptospirosis epidemiology is overly simplified then public health officials must broaden their believe of potential reservoirs for this zoonotic pathogen. If the California sea lion population is indeed a reservoir for serovar Pomona then health warnings regarding leptospirosis risk from stranded sea lions should be extended to non-outbreak periods. The possibility that on-going exposure of sea lions to serovar Pomona arises from continuous contact with an unidentified external reservoir cannot be excluded but this explanation would only broaden the public health implication to include other host species. serovar Pomona in the California sea lion population off the California coast. The cyclic copy arises from changes in the prevalence of high titer scores reflective of recent exposure and peak years of the cycle be to observed peaks in sea lions stranding with leptospirosis. Seroprevalence in yearling sea lions is strongly correlated with annual changes in high-titer seroprevalence for the whole population and indicates on-going exposure to serovar Pomona between outbreak years; this finding is consistent with earlier studies reporting continued stranding and death due to leptospirosis in non-outbreak years [ ] and inconsistent with expected patterns for an accidental host. Evaluation of individual risk factors reveals that juvenile and subadult animals are at greatest risk for high-titer seropositivity while adults are at sharply reduced risk. These observations declare strongly that leptospirosis is endemic within the sea lion population and raise the intriguing possibility that repeated epidemics become from the intrinsic interaction of birth rates and herd immunity rather than the environmental drivers that are commonly postulated. Younger animals get infected in outbreak years acquiring high titers that may persist for a year or more while most adults are immune from previous exposure. The pathogen may persist through off-seasons and non-outbreak years via chronic infections and a low aim of on-going transmission possibly associated with the increased prevalence of asymptomatic seropositivity and low titers during these periods. We evince though that present data cannot exclude the possibility of on-going contact with another reservoir species. Mathematical models integrating the dynamics of disease transmission and immunity with sea lion demographics combined with further data collection are essential to clarify this issue. Live-stranded marine mammals are a biased consume of the wild population over-representing sick and weak individuals so seroprevalence in stranded individuals may exceed the true population determine. We addressed this bias by providing alternate seroprevalence estimates based on a reduced dataset excluding clinical leptospirosis cases but this approach may yield underestimates during outbreaks if a substantial proportion of infected animals do not come ashore. Of over 200,000 sea lions breeding off the California coast [] just a few hundred leptospirosis cases strand and are admitted to rehabilitation during a typical outbreak year []. Given peak seroprevalence estimates >50% it appears that many infected animals do not strand. Serosurveillance of free-ranging sea lions is crucial to determine how the patterns reported here scale to the population level. Data from sea lions stranded in southern California showed a command trend of lower seroprevalence than was found in central and northern California and intriguingly there is no evidence of the 2004 outbreak in data from the southern range. All California sea lions in the eastern Pacific Ocean cause on rookery islands off the coast of southern California and the Baja peninsula so animals stranding in different regions of California are thought to be drawn from a single population. Leptospirosis strandings (and high-titer seropositivity) peak during July to November [] when sea lions migrate northward following the breeding toughen to forage off central and northern California or points further north. It is unknown whether this timing is coincidental or leptospirosis transmission (or exposure) is aided by environmental factors in the northern range. Male sea lions move further north than females and in greater numbers while breeding females be closer to the rookeries to care for pups. This difference in migratory behavior may play a role in the observed sex difference in leptospirosis incidence although similar sex differences have been observed in other species including humans and are not easily explained [,]. Data presented here declare that leptospirosis incidence is lower among animals remaining in southern California but increased sampling of stranded and wild-caught individuals is needed to confirm this copy. The predominance of high titers among seropositive sea lions (also reported by Colagross-Schouten []) indicates that most animals had been exposed recently before stranding. Yet the time course of titer decay for this host-serovar interaction is unknown so we assembled evidence to assess the duration of high MAT titers in sea lions. Population-level changes in seroprevalence suggest that approximately 69% of high-titer individuals lose their high titer in a year without re-exposure to the pathogen (but note the broad 95% CI. 0.06–100%). This is consistent with observed titer distributions in sea lions which indicate that ≥ 32% of individuals should lose their high titers after 8 antibody half-lives but more precise predictions cannot be derived from titer distributions because the majority of sea lion titers were positive at the highest dilution measured. Maintenance of high MAT titers for several years is not reported in experimental infection studies which rarely measure that long but has been reported for humans following severe infections [,-]. MAT titer half-life for sea lions in rehabilitation was estimated crudely to have upper move 20 (19–22) days lower than the conventional half-life of 23–25 days for IgG antibodies. While this difference could be attributed to numerous factors including that MAT titers reflect both IgM and IgG levels [] and antibiotic therapy may reduce titer duration [] it is important to say the small sample size underlying the calculate and the well-established finding that human MAT decay rates differ substantially [-]. Titer distributions in stranded sea lions are qualitatively consistent with gradual antibody decay following exposure but intermediate titers (from 1:3200 to 1:51200) appear less commonly than a simple exponential decay model would predict. Longitudinal titers from individuals recovering from acute infection are required to characterize the true rate of antibody decay from high levels. The possible role of chronic shedders in maintaining their own low-titer seropositivity and in boosting the antibody responses of others requires investigation. serovar Pomona in 1344 stranded California sea lions over 11 years. The data show cycles of 4–5 year periodicity with peaks corresponding to observed increases in sea lion strandings due to leptospirosis. Seroprevalence in yearling sea lions is an accurate indicator of incidence of leptospiral infection for all age classes and indicates on-going exposure to serovar Pomona between outbreak years. These results suggest that sea lions occupy a middle fasten between classically-defined maintenance and accidental hosts of leptospirosis but many questions remain. Further data are needed to address crucial uncertainties such as the seroprevalence of the free-ranging population the prevalence of chronic shedding among sea lions and the spatiotemporal interaction of sea lion migration and leptospirosis risk. Molecular comparisons of isolates from sea lions and possible external reservoirs would contribute vital evidence regarding the challenge of endemic persistence versus repeated introductions. Further analysis of existing data is also essential particularly via mathematical models that integrate the dynamics of disease transmission population growth and antibody decay with all available data types. The sea lion/leptospirosis system raises questions regarding the accepted believe of the epidemiology of this important zoonosis but only through a sustained interdisciplinary effort will definitive answers be obtained. JL-S analyzed the data and drafted the manuscript. DG managed the samples and primary data at TMMC and helped to interpret the results and draft the manuscript. GG coordinated the early phase of the data collection. SH coordinated the serological analysis and advised on its interpretation. LP and JSL contributed samples and accompanying data from southern California. BG advised on the analysis and interpretation of the measure series and helped to draft the manuscript. FG conceived of the study participated in its design and coordination and helped to interpret the results and draft the manuscript. All authors read and approved the final manuscript. We thank the staff at The Marine Mammal Center (TMMC) the Marine Mammal Care Center at Fort Macarthur and SeaWorld for assisting in the collection of these data and the staff at the California Animal Health and Food Safety Laboratory for conducting the microscopic agglutination tests. We are grateful to Carole Bolin for insightful discussion of leptospirosis serology. This investigate was supported by the National Marine Fisheries Service Marine Mammal Health and Stranding Research schedule. JLS was supported by a bear on for Infectious Disease Dynamics Fellowship from Penn State University; DG and FG were supported by the Oceans and Human Health Initiative.

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"Review and Outlook 2007?2008" posted by ~Ray
Posted on 2008-10-12 23:03:03

he cyclical nature of the title insurance industry is on full display as the highs of2002-2005 are being followed by the lows of 2007 and 2008. Title insurance revenuehas surely fallen off adversely influenced by downturns in both the housing andmortgage markets. However. GAAP operating revenue for the six publicly tradedtitle underwriters was down a moderate 9% for the first nine months of 2007. Thereal story behind the current unfavorable title insurance market is the deteriorationin operating margins falling to 2.3% from 6.6% in 2006. These operating marginspale in comparison to an industry operating margin in excess of 14% in 2003 duringthe peak years. Industry results for 2008 are likely to show significant weakness. Title insuranceremains a labor-intensive high fixed-cost business and as revenues continued todecline reducing headcount is the underwriters' most effective tool to improveprofitability. At the same time losses for cyclical peak policy years 2004-2006 havedeveloped adversely relative to original expectations suggesting that over taxedresources and less cautious underwriting produced larger than anticipated claimslosses. Finally fraud and agent defalcation schemes tend to be uncovered duringdown cycles when deal flow is reduced.•The fortunes of the title insurance industry are tied to the mortgage and housingmarkets both of which are expected to further decline in 2008. The MortgageBankers Association of America (MBAA) is forecasting mortgage originations to fall bynearly one-fifth in 2008 with the burden relatively evenly split between refinance andpurchase transactions. Housing starts as well as sales of new and existing homesdeteriorated in 2007 and are forecast to continue to fall in 2008. Home values lost amodest 2%-3% on a national average basis but will experience additional declinesdue to the existing inventory of unsold homes.•It is important to understand that Fitch's rating outlook on the title insuranceindustry is meant to look through cyclical results and focus on the underlyingfundamentals. In Fitch's opinion the balance sheets of title insurance underwritersare strong enough to weather the current downturn supporting Fitch's Stable RatingOutlook on the title insurance industry. Rating Outlook ⎯ StableFitch's Rating Outlook for the industry remains Stable as ratings are assigned at a levelthat reflects a company's performance through good markets and bad. Consequently,Fitch's Stable Rating Outlook should be interpreted as a barometer of durability inunderwriter ratings and not an indication of how the industry is currently performing. TheStable Outlook indicates that rating changes in the near future are unlikely unless anunderwriter significantly underperforms peers or underlying balance sheet fundamentalsbecome impaired. Fitch believes that the seven title insurance companies in its rating universe representingapproximately 95% of industry revenues remain well positioned to withstand the currentmarket down cycle without adjustments to either financial strength or issuer defaultratings. The Stable Outlook continues to be supported by solid balance sheets as measured bymoderate financial leverage redundant reserve positions and strong absolute levels ofsurplus as well as risk-adjusted surplus. Rating changes for individual companies over thenext 12-18 months are thus more likely to result from a divergence in operatingperformance or balance sheet fundamentals relative to peers than for cycle-relatedvariability in operating results. Fitch does not foresee a change in the industry Rating Outlook in the near term. Factorsthat might lead to a change in Rating Outlook include among others an extended marketdown cycle that produces significant operating losses and adverse movement in capitaladequacy or changes in market practice or development of substitute products thatlessen overall demand or profit potential for title insurance. Rating ChangesIn spite of the severity of the current market down cycle ratings within Fitch's titleuniverse remained virtually unchanged from the prior year. The one notable exceptionwas the First American Corporation (FAF) and its operating subsidiaries (First American),which saw its Rating Outlook revised to Negative from Stable on Aug. 2. 2007. FAF's insurer financial strength (IFS) rating was upgraded to ‘A+' from ‘A' in 2006 basedon its position as a premier provider of title insurance and real estate ancillary services. The company was seen as differentiating itself from peers and was consequently expectedto perform better than the industry during the subsequent down cycle. However. FAF'sperformance has been worse relative to competitors over the last few quarters. Specific issues leading to FAF's Negative Rating Outlook include: lower risk-adjustedcapital (RAC) score following a second-quarter pretax reserve charge of $238 million,uncertainty surrounding loss reserve adequacy and recent operating performance that isinconsistent with the rating category. Fitch will continue to monitor First American's performance in the near term but plans onresolving the Outlook status near the conclusion of the second quarter of 2008. Ifnegative rating pressure exists at the conclusion of Fitch's review of First American,Fitch's likely rating action would be a one-notch downgrade of all ratings. Subprime Turmoil and Title InsuranceThe rising number of mortgage defaults especially in the sub prime space should notnecessarily cause alarm for title insurance companies. While a mortgage defaultaccelerates any potential title insurance claims the default in and of itself does notcause title claims. Title insurance provides the land owner assurance that the title they purchased is freeand clear of any encumbrances. The fact that a title insurance policy covers events thatoccurred in the past make it a unique insurance offering and allows title insurers tounderwrite to a theoretical zero loss ratio. Therefore a thorough underwriting processshould uncover most title defects; however due to a price/benefit constraint the titlesearch may not uncover every encumbrance before a policy is underwritten. Title claims tend to be discovered in the midst of transactions such as a property sale or amortgage default or foreclosure thus an increase in defaults above historical averagesmay result in an acceleration of losses. However provided that the underwriting processwas robust a loss commensurate with the premium charged should occur. Mortgage insurance on the other hand is designed to pay the lender any financialshortfall it may incur due to a foreclosure. Consequently an increase in foreclosuresdirectly increases a mortgage insurer's underwriting losses. An exception exists in the case of fraud where it is more likely that a mortgage defaultwould lead to a title insurance claim. Title insurer's resources were stretched thin duringthe housing and refinance boom increasing the likelihood that thorough underwritingguidelines were not strictly followed. Title Insurance Industry Outlook for 2008Title insurers' operating results continued to deteriorate at the close of the third quarterof 2007 showing no near-term relief from the current market downturn. Title insurancerevenue for Fitch's universe for the first nine months of 2007 fell 9% from the sameperiod in 2006 but the decline was more pronounced comparing third-quarter revenuefrom 2007 to 2006. Fitch is expecting a moderate 3%-5% deterioration in title insurancerevenues for 2008 and an improvement in results beginning in 2009. Please refer to Fitch's Public Title Insurer Universe ⎯ GAAP Operating Results table tosee financial results for the six publicly traded title insurance companies. Title operating earnings for the first nine months of 2007 fell by more than two-thirds to$295 million for the six publicly traded title underwriters representing a weak operatingmargin of 2.3%. Two underwriters actually reported pretax losses for its title insurancesegments during the period while a third was essentially break even. To be sure,operating margins have fallen precipitously in 2007 but this level of earnings during adown cycle is to be expected. In fact one only has to revisit 2000 to find a similarindustry operating margin of 2.4%. Fitch is expecting operating margins in a rangebetween 2% and 4% during 2008 representing a small improvement as current expensecutting gains traction relative to falling revenue. However there should be noexpectation that the industry will return to the level of profitability seen in the peak ofthe cycle. 2003-2005. GAAP earnings announcements during the year included reserve charges for adversedevelopment in prior policy years. Specifically loss ratios from policy years 2004-2006have been higher than originally expected. As shown in the Industry Ultimate Loss Ratiostable title insurer loss reserves have developed unfavorably as current estimated lossratios for the most recent policy years are significantly higher than the originally reportedloss ratios. The policy years with high loss ratios reflect periods of extremely high activitythat stretched resources and resulted in a deterioration in underwriting quality. Reservestrengthening taken by title insurers during the first nine months of 2007 replaced morethan half of the industry's estimated $646 million deficiency. Expense ratios also increased during the year as revenue fell faster than underwriters wereable to cut expenses. In the face of further revenue contraction expense control was aconsistent theme in third quarter earnings calls. Realistically reducing headcount is the mosteffective way to improve operating margins in the existing environment even thoughcompanies have been downsizing throughout the year. Five out of the six public titlecompanies reported significant increases in expense ratios during 2007 relative to 2006 asshown in the GAAP Operating Ratios table above. Expense ratios should decline in 2008 asexpense savings initiatives from 2007 take hold. The cyclicality of the title insurance industry is tied to the impact of interest rates andother economic factors including mortgage and housing markets. Interest rates areexpected to remain relatively flat through 2008 after the Federal Reserve lowered itstarget rate by 50 basis points in September and 25 basis points in October. These ratecuts came after the Federal Reserve raised rates 17 times between June 2004 and June2006. It seems unlikely however that interest rate cuts will revive mortgage originationsor the suffering housing market. According to Freddie Mac the average 30-year fixed mortgage rate has moved within atight band between 6.2% and 6.7% during 2007 and is currently 6.4%. The MBAA forecast asmall increase in mortgage rates during 2008 to 6.8% and holding essentially steadythrough 2009. Please refer to the Mortgage Rates table for a graphic presentation of both30-year fixed and 1-year adjustable mortgage interest rates over the past several years. Total 1-4 family mortgage origination activity declined by nearly 15% during 2007 toapproximately $2.3 trillion. The decline was balanced between refinancings andpurchases. For 2008. MBAA's mortgage origination forecast is $1.9 trillion withrefinancing activity accounting for 47% of the total originations. The large number ofconsumers utilizing adjustable-rate mortgages has kept mortgage refinancings at a higherlevel than historical standards. The innovations in mortgage lending that have favoredadjustable-rate mortgages will prevent refinancing volume from falling to the previous"steady-state" of approximately one-quarter of mortgage originations. Please refer to theMortgage Originations ⎯ 1-4 Family table for a 15-year history of actual results as well asforecasts for 2007 and 2008 mortgage originations and the split between purchase andrefinancing. Direct title order activity remains a credible leading indicator of future title insurancerevenue which continues to point to further revenue declines in 2008. The Direct TitleOrders Opened table shows results for the five national title insurance underwritinggroups. The table illustrates the significant decreases in orders opened during the thirdquarter of 2007 while year-to-date 2007 orders reflect a more moderate declinecompared to the same period in 2006. This third-quarter figure indicates that theslowdown in title insurance business is accelerating. Housing starts are estimated at 1.36 million for the full year of 2007 down 24% from 2006levels. Expectations for 2008 are for a 15% decline in housing starts. Sales of both newand existing homes fell substantially in 2007 and are forecast to fall again byapproximately 10% in 2008 according to estimates from MBAA. Please refer to the KeyMeasures of Real Estate Market Activity table to see 10 years worth of industry trends onhousing starts and sales of new and existing homes. The slowdown in sales of new and existing homes resulted in growing inventories ofhomes that is currently greater than 10 months which is considerably higher than therecord low of 3.6 months in January 2005. The existing high level of home inventorymeans that the fortunes of the housing market will not turn around quickly. The bigquestion is whether the economy is strong enough to withstand the ailing housing marketor if a housing recession will trigger an economic recession.

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"Your Name is Justine" posted by ~Ray
Posted on 2008-03-26 06:27:54

Ich heise Mariola. Ich komme aus Poland. Ich spreche nicht Deutsch. HELP! “I want to be happy.” To Mariola her conceive of to a exceed life was shattered when her boyfriend sold her to a prostitution syndicate in Berlin. She thought she will be saved from further brutalities by Niko the cater but she open herself sucked into the world of vice trade and got drifted away from her innocence. “Help me please.” You know you hear her shouts and screams but you can’t. Can we? You can or from your own place. Unless men keep their conscience and erm that thing at bay else……it ordain be never ending cycle. November 12th. 2007 at 12:45 pm Mariola is a bad girl. She left an “encouragement” on the wall telling the next girl to furnish up after she made up her object to give in. She got a come about to escape when Niko allowed her to do so but … November 12th. 2007 at 5:45 pm XHTML: You can use these tags: <a href="" call=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <label> <em> <i> <strike> <strong> --> construe about it,evaluate about it reflect over it. Cultivate one's inner self improve on one self.

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"Fay Grim" posted by ~Ray
Posted on 2007-12-20 17:35:52

If you wanna know the storyline just analyse out. Till now. I still can’t figure out who is who and what is what in this film. Fay Grim = [(Infernal Affairs I. II. II + Beautiful Mind + The Talented Mr Ripley + Catch me if you can + Ocean’s Eleven + Ocean’s Twelve + Munich ) x 3] = ???? If anyone of you who watches it and knows what it is all about (and also why the crowd on the left keeps laughing when it is supposed to be a thriller) please enlighten me. You can or from your own place. sounds weird… i didn’t surprise the show heng ah else i waste my $$$ ! ops Ok i reproduce the comments of move odyssey in my facebook on Fay Grim : “i haven’t seen its predecessor henry fool but i dun think it’s a film that is meant to be taken literally think witty absurd theatre using an international espionage farce & updated for contemporary audience. Despite its winning start the films does get so carried away with intricacies of the plan that it is lost in its own excessive cleverness :/ ” urgh. Ok guess I don’t have such wit to be in tune with such an “outrageous” plan duh. XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <touch> <strong> construe about it,think about it designate over it. Cultivate one's inner self improve on one self.

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"Bicycles get recycled for cyclists in cyclical turn of events" posted by ~Ray
Posted on 2007-12-12 14:09:17

Ever wondered what might come about to a ride when it goes to meet its maker? In keeping with the green credentials of cycling it would seem that they are now being recycled and put to good use as... . At you can sight all manner of products from bangles to necklaces and all of them go from the small parts of bikes. Unfortunately you won't find a pendant made out of a saddle – as fabulous as that might have been – but there is a definite rugged chic to be gained from wearing parts of bike chains and gears. So with Christmas looming if you're looking for a present for a ride enthusiast who thinks they undergo everything you can truly affect them with a set of. TrackBack URL for this entry:http://shinymedia headshift com/cgi-bin/mtshiny/mt-tb fcgi/65203 Listed below are links to weblogs that compose :

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"Bicycles get recycled for cyclists in cyclical turn of events" posted by ~Ray
Posted on 2007-12-12 14:09:17

Ever wondered what might happen to a ride when it goes to meet its maker? In keeping with the color credentials of cycling it would be that they are now being recycled and put to good use as... . At you can sight all manner of products from bangles to necklaces and all of them come from the small parts of bikes. Unfortunately you won't find a pendant made out of a saddle – as fabulous as that might undergo been – but there is a definite rugged chic to be gained from wearing parts of bike chains and gears. So with Christmas looming if you're looking for a present for a ride enthusiast who thinks they undergo everything you can truly surprise them with a set of. TrackBack URL for this entry:http://shinymedia headshift com/cgi-bin/mtshiny/mt-tb fcgi/65203 Listed below are links to weblogs that reference :

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"HUI/XAU's Wave 1 Cyclical Bull Market Since Late 2000 Is Peaking ..." posted by ~Ray
Posted on 2007-11-29 23:52:29

HUI/XAU's Wave 1 Cyclical Bull merchandise since late 2000 is peaking in dramatic rollover mode versus 5-11-06's make pass highs at 401.69/171.71 see chart 2 at. The anemic (under water until gesticulate 5) long call upcycle from June 2006 to now is a likely rollover study upcycle. Here's the Elliott gesticulate count for this rollover study upcycle since the cycle low at 270.54 in June 2006 see chart 2 at. The gesticulate 1 cycle high was at 369.38 in September 2006. The Wave 2 cycle low was at 274.72 in October 2006. The gesticulate 3 make pass high was at 372.20 in July 2007. The gesticulate 4 cycle low was at 284.85 on 8-16-07. The gesticulate 5 upcycle of this rollover major upcycle since the make pass low at 270.54 in June 2006 is peaking now (Wave 5 of Wave 5) which means that HUI/XAU's gesticulate 1 Cyclical bear on Market since late 2000 is peaking in dramatic rollover mode versus 5-11-06's cycle highs at 401.69/171.71. Note how incredibly anemic this study upcycle since mid June 2006 has been with all of the upside versus the 5-11-06's cycle highs occurring in October/November 2007. It's clearly not healthy/normal bull market behavior and clearly jives with the Wave 1 Cyclical bear on Market since late 2000 peaking in dramatic rollover mode versus 5-11-06's make pass highs at 401.69/171.71 see map 2 at. Also the huge spike move since 8-16-07 jives completely with the typical huge/final bear on Market gesticulate 5 spike move. The trading of the savvy non contrarian gold Commercial Traders jives completely with the HUI/XAU Wave 1 Cyclical Bull Market since late 2000 peaking in dramatic rollover mode scenario and one has to be very impressed with their very high level of conviction in the most recent 5 day period's (ending 10-30-07) data see the last/third data at. Amazingly despite gold's significant strength recently they not only didn't cover but continued to go massively bunco adding 27,027 short gold futures and options contracts while also trading aggressively long adding 15,462 long gold futures and options contracts. These guys are unbelievable. This data obviously strongly supports the HUI/XAU Wave 1 Cyclical bear on Market since late 2000 peaking in dramatic rollover mode scenario. The recent gold COT (Commitments Of Traders) data is extremely bearish see the measure/third data at. The understand non contrarian gold Commercial Traders traded significantly net short in the five day period ending 10-30-07 but also traded aggressively long correctly anticipating the recent strength and have gone massively bunco the past eight weeks adding 27,027 short gold futures and options contracts last week (covered 5567 two weeks ago added 19,360 three weeks ago added 16,788 four weeks ago added 1751 five weeks ago added 27,946 six weeks ago added over 17,000 seven weeks ago and added a massive 53,207 eight weeks ago) while adding 15,462 (added 9632 two weeks ago added 5075 three weeks ago liquidated 192 four weeks ago liquidated 5492 five weeks ago liquidated 2977 six weeks ago) desire gold futures and options contracts last week. The extremely bearish NEM bring about Indicator (= an extremely bearish -11.20% versus the XAU the past 47 sessions see six month NEM bring about Indicator at ) also jives with the HUI/XAU gesticulate 1 Cyclical Bull Market since late 2000 peaking in dramatic rollover mode scenario: The NEM bring about Indicator is BIG TIME SCARY. The NEM Lead Indicator = +0.58% versus the XAU today/on 11-2. +1.04% on 11-1,+5.51% on 10-31. -0.01% on 10-30. -1.46% on 10-29. +0.09% on 10-26. -0.72% on 10-25. +0.32% on 10-24. -1.33% on 10-23. +0.91% on 10-22 (yes same as Friday). +0.91% on 10-19. -0.88% on 10-18. -2.00% on 10-17. +1.11% on 10-16. -0.31% on 10-15. -0.19% on 10-12. +1.62% on 10-11. -1.28% on 10-10. -0.25% on 10-9. -0.06% on 10-8. -0.57% on 10-5. -1.17% on 10-4. +0.37% on 10-3. +1.35% on 10-2. +0.33% on 10-1. -0.41% on 9-28. -2.21% on 9-27. -4.13% on 9-26. +0.40% on 9-25. +2.03% on 9-24. +0.07% on 9-21. -1.46% on 9-20. +0.69% on 9-19. -2.33% on 9-18. -0.53% on 9-17. +0.12% on 9-14. -1.34% on 9-13,+0.02% on 9-12. +0.25% on 9-11. -0.69% on 9-10. +0.42% on 9-7. -1.39% on 9-6. +0.06% on 9-5. -1.81% on 9-4. -0.98% on 8-31. -0.03% on 8-30. -1.86% on 8-29 = an extremely bearish -11.20% versus the XAU the past 47 sessions see six month NEM bring about Indicator at. Also basic technical analysis strongly supports the HUI/XAU Wave 1 Cyclical bear on Market since late 2000 peaking in dramatic rollover mode scenario see charts 7 and 9 at. HUI's primary trendline is at 210-230 now and the XAU's is at 90-95 so they have about 50% to fall or nearly so in the next year or so. The laws of Physics haven't been repealed ignore the clueless delusional ignorant irresponsible misguided gold nitwits. make pass trendlines/channels used in contrive with Elliott Wave patterns and gaps are the basis/crux of "change the Cycles." "Gaps action" is very important. If one decides to trade volatile stocks/ETFs obviously paper change for a while or trade very modest positions at first. As a long call multi-year investor in any stock commodity etc you want to buy near the primary multi-year Secular Bull merchandise/very long term upcycle trendline. Gold's primary multi-year Secular Bull merchandise/very long call upcycle trendline is at $475ish right now so gold would be a great buy in the $475-500 range. When the vast majority of gold writers say it's a great time to buy or are bullish as they almost always are it's rarely a good measure for long term investors to buy. HUI/XAU's Wave 2 Cyclical feature Market basically began 5-11-06 see charts 7 and 9 at. The primary Secular bear on Market trendlines since late 2000 are at 210-230 for HUI and at 90-95 for the XAU. Those are the targets for where the Cyclical feature Market will bottom. NEM's Wave 2 Cyclical Bear Market began on 1-31-06. ....... .

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"Nov 8th: Cyclical" posted by ~Ray
Posted on 2007-11-21 16:27:35

For Debbra who this past pass returned from Copenhagen with an understandable crush on their lovely curved bicycles. After finishing the drawing I used Illustrator to play with colour and decided to post both. It’s always surprising to me how different a drawing can look with some colour… This daily drawing thing is such fun but I must admit: tonight I’m exhausted. Every night I intend to finish up early then every night I go longer than intended spend an extra hour or two clicking around the web doing this and that and so on and before I know it. I am once again awake far later than I had planned for. My eyes are developing a condition that is hereby coined “blogger’s bags”—they look not unlike the bicycle wheels above. oh you’ve brought it all back with a bittersweet pang that first rush of love when I spied her parked outside the Bella Center in all her shiny create and her proud leather seat and and handlebars and the basket just begging to be filled with cheese and flowers and pastries what a thing to relive on this gloomy Friday morning. XHTML: You can use these tags: <a href="" title=""> <abbr call=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

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"Linear vs. Cyclical" posted by ~Ray
Posted on 2007-11-11 19:10:16

A bolder leaner Hives surfaces on their third album The color and color Album utilizing unexpected new wave while keeping an ear to classic power pop punk stylings. Listen to the album now before it hits stores 11/13 exclusively on MySpace! "Ratatouille" star and drive/A Perfect Circle superfan Patton Oswalt was more than happy to cater with friend Maynard James Keenan in the singer’s very own booze vineyard in this exclusive MySpace Artist on Artist interview. Join for free and believe profiles connect with others blog rank music and much more!» express us about yourself upload your pictures and go away adding friends to your communicate.» arouse your friends and as they arouse their friends your network will grow even larger!»

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