Capital Gains Realizations of the Rich and Sophisticated

This paper attempts to bring theoretical and empirical research on capital gains realization behavior closer together by considering whether investors who appear to engage more in strategic tax avoidance activity also respond differently to tax rates. We find that such investors exhibit significantly smaller responses to permanent tax rate changes than other investors. Put another way, a larger part of their response to capital gains tax rates reflects timing, consistent with their closer adherence to tax avoidance strategies emphasizing arbitrage based on tax rate differentials. This finding holds for two alternative specifications of realization behavior, one of which suggests larger permanent responses to capital gains tax rates than those of previous panel studies.

A Biliary Endoprosthesis Functioning After Six Years

The functional lifetime for biliary endoprostheses has typically been 7 months. When combined with sphincterotomy for common bile duct stones, it affords an alternative to surgery in high risk patients. Biliary endoprostheses often require replacement in these patients, though recent reports suggest they are functioning longer. We present an 85-year-old asymptomatic woman with a 6-year-old biliary endoprosthesis, believed to be the longest functioning stent reported in the literature

To dilate or not to dilate: A clinical comparison of 500 cases

To compare the quality of fundus evaluations conducted with natural and dilated pupils, 500 typical adult subjects, divided into 5 age categories, were examined using both techniques. Direct and monocular indirect ophthalmoscopes were used with the natural pupils; direct and binocular indirect scopes were used for the dilated exams. Retinal anomalies were classified on the basis of posterior pole or peripheral location and whether the anomalies would require significant action by the doctor. Of the 29 posterior pole anomalies which required action, 38% were missed during the natural pupil examination; 49% of the anomalies not requiring immediate action were also missed. These miss rates, along with the 287 anomalies found in the periphery (20 of which required immediate action), suggest that dilation should be strongly considered for all patients so as to optimize the probability of detecting fundus anomalies

Ultra--Planck Scattering in D=3 Gravity Theories

We obtain the high energy, small angle, 2-particle gravitational scattering amplitudes in topologically massive gravity (TMG) and its two non-dynamical constituents, Einstein and Chern--Simons gravity. We use 't Hooft's approach, formally equivalent to a leading order eikonal approximation: one of the particles is taken to scatter through the classical spacetime generated by the other, which is idealized to be lightlike. The required geometries are derived in all three models; in particular, we thereby provide the first explicit asymptotically flat solution generated by a localized source in TMG. In contrast to $D$=4, the metrics are not uniquely specified, at least by naive asymptotic requirements -- an indeterminacy mirrored in the scattering amplitudes. The eikonal approach does provide a unique choice, however. We also discuss the discontinuities that arise upon taking the limits, at the level of the solutions, from TMG to its constituents, and compare with the analogous topologically massive vector gauge field models.Comment: 20 pages, preprint BRX TH--337, DAMTP R93/5, ADP-93-204/M1

The Ursinus Weekly, January 14, 1971

Ursinus enrollment tops 2000 mark • 1971 dictionary honors Howard • Ted Taylor leaves Ursinus for Drexel • Ursinus raises tuition, stops PHEAA credit • Campus Chest pursues profit • Ursinus sponsors mock UN session • Parking problem relief envisioned • Final Forum features Fox • Editorial: the continuing struggle • Quotation of the week • Focus: Mason Williams • Unconditional courses • Boars and sows • Final examination schedule • Bears lose twice: Fall to F&M and LVC • Hockey members honored • Grapplers improve with recruitinghttps://digitalcommons.ursinus.edu/weekly/1136/thumbnail.jp

The Ursinus Weekly, November 5, 1970

Committees consider Committee Committee • Shapp elected Governor • Mag Men pave way for future concerts • Chancellorship inauguration • Statement to S.F.A.R.C. • Forum program presents Joan Kerr dance troupe • Editorial: Marketable revolution • Focus: Nancy Hunt • In the spotlight: Cleon Pennypacker • Letters to the editor: Open letter; Answer to Baker • Faculty portrait: Donald J. Hunter • Institutions and change • JV stars boost Hoopmen hopes as practice begins • Geneva topples Bears; Grid record now 1-5https://digitalcommons.ursinus.edu/weekly/1131/thumbnail.jp

Policy Solutions to Address Mass Shootings

In the past decade, mass shootings, particularly those that take place in public areas, have increasingly become part of the national conversation in the United States. Mass public shootings instill widespread fear, in part because of their seeming randomness and unpredictability. Yet when these incidents occur, which has been with somewhat greater frequency and lethality as of late, public calls for policy responses are immediate. In this policy brief, we review efforts to evaluate the effect of gun control measures on mass public shootings, including a discussion of our recently published study on the relationship between state gun laws and the incidence and severity of these shootings. The findings of this work point to gun permits and bans on large-capacity magazines as having promise in reducing (a) mass public shooting rates and (b) mass public shooting victimization, respectively. Interestingly, however, most gun laws that we examined, including assault weapon bans, do not appear to be causally related to the rate of mass public shootings

Supreme Court Brief Amicus Curiae of Administrative Law Scholars in Support of Neither Party

This brief on behalf of 29 administrative law scholars takes no position on whether Administrative Law Judges (ALJs) are employees or inferior officers. It urges the Court to issue an opinion that respects the decision that Congress made unanimously in 1946 to enact numerous statutory safeguards that assure that ALJs have decisional independence from the agencies where they work while assuring that agencies retain control over the policy content and legal basis for any decision made in an adjudication in which an ALJ presides. The brief describes the fifteen years of study and deliberation that led to the unanimous decision of Congress to enact the Administrative Procedure Act (APA) in 1946. It describes the particular attention that Congress devoted to the critical task of providing ALJs with the combination of statutory safeguards that minimize the risk that they will favor the agencies for whom they adjudicate cases while assuring that the agencies retain control of the policy content of any decision made in such an adjudication. It then describes the series of opinions the Supreme Court issued during the 1950s in which the Justices unanimously praised the provisions of the APA that assure that ALJs conduct adjudicatory hearings in an unbiased manner, explained the importance of those statutory provisions in protecting the values reflected in the Due Process Clause, and urged Congress to make those safeguards applicable to all agency adjudications. It concludes by urging the Court to issue an opinion that respects the decision that Congress made in 1946 to insulate ALJs from potential sources of pro-agency bias by including in the APA a combination of provisions that confer decisional independence on ALJs