DISTORTIONARY IMPACTS OF THE 1982 AND 1986 U.S. TAX CODES ON CAPITAL INVESTMENTS: A CASE STUDY OF INVESTMENT IN ORANGE GROVES

The 1980s have been a period of dramatic change for the income tax code in the United States. Although numerous modifications were considered in policy deliberations, two key goals, the reduction of the importance of tax considerations in investment decisions and tax simplification, emerged from the discussion and guided drafting of the 1986 Tax Reform Act. This study examines the importance of tax considerations in investment decisions under the provisions of the Tax Reform Act of 1986 and its predecessor, the Tax Equity and Fiscal Responsibility Act of 1982. The study then compares the tax liability under these tax codes with a nondistortionary tax scheme. Results indicate that the Tax Reform Act of 1986 reduced the distortionary effects of the tax code on capital investment decisions. However, a large portion of the reduction can be attributed to the change in the average tax rate.Agricultural Finance,

COBE Observations of the Microwave Counterparts of Gamma Ray Bursts

We have used the data from the COBE satellite to search for delayed microwave emission (31 - 90 GHz) from Gamma Ray Bursts (GRBs). The large $7^\circ$ beam of COBE is well matched to the large positional uncertainties in the GRB locations, although it also means that fluxes from (point source) GRB objects will be diluted. In view of this we are doing a statistical search of the GRBs which occurred during the currently released COBE DMR data (years 1990 and 1991), which overlap $\sim 200$ GRBs recorded by GRO. Here we concentrate on just the top 10 GRBs (in peak counts/second). We obtain the limits on the emission by comparing the COBE fluxes before and after the GRB at the GRB location. Since it is thought that the microwave emission should lag the GRB event, we have searched the GRB position for emission in the few months following the GRB occurrence.Comment: 5 pages, LaTE

FUSE and HST STIS Observations of Hot and Cold Gas in the AB Aurigae System

We present the first observations of a Herbig Ae star with a circumstellar disk by the Far Ultraviolet Spectroscopic Explorer (FUSE), as well as a simultaneous observation of the star obtained with the Hubble Space Telescope Space Telescope Imaging Spectrograph (STIS). The spectra of AB Aurigae show emission and absorption features arising from gasses that have a wide range in temperature, from hot OVI emission to cold molecular hydrogen and CO absorption. Emissions from the highly ionized species OVI and CIII present in the FUSE spectrum are redshifted, while absorption features arising from low-ionization species like OI, NI, and SiII are blueshifted and show characteristic stellar wind line-profiles. We find the total column density of molecular hydrogen toward AB Aur from the FUSE apectrum, N(H_2) = (6.8 +/- 0.5) x 10^19 cm^-2. The gas kinetic temperature of the molecular hydrogen derived from the ratio N(J=1)/N(J=0) is 65 +/- 4 K. The column density of the CO observed in the STIS spectrum is N(CO) = (7.1 +/- 0.5) x 10^13 cm^-2, giving a CO/H_2 ratio of (1.04 +/- 0.11) x 10^-6. We also use the STIS spectrum to find the column density of HI, permitting us to calculate the total column density of hydrogen atoms, the fractional abundance of H_2, and the gas-to-dust ratio.Comment: 5 pages, including 6 figures. LaTex2e (emulateapj5.sty). Accepted for publication in ApJ Letter

Intrinsic Absorption Lines in Seyfert 1 Galaxies. I. Ultraviolet Spectra from the Hubble Space Telescope

We present a study of the intrinsic absorption lines in the ultraviolet spectra of Seyfert 1 galaxies. We find that the fraction of Seyfert 1 galaxies that show absorption associated with their active nuclei is more than one-half (10/17), which is much higher than previous estimates (3 - 10%) . There is a one-to-one correspondence between Seyferts that show intrinsic UV absorption and X-ray ``warm absorbers''. The intrinsic UV absorption is generally characterized by high ionization: C IV and N V are seen in all 10 Seyferts with detected absorption (in addition to Ly-alpha), whereas Si IV is present in only four of these Seyferts, and Mg II absorption is only detected in NGC 4151. The absorption lines are blueshifted (or in a few cases at rest) with respect to the narrow emission lines, indicating that the absorbing gas is undergoing net radial outflow. At high resolution, the absorption often splits into distinct kinematic components that show a wide range in widths (20 - 400 km/s FWHM), indicating macroscopic motions (e.g., radial velocity subcomponents or turbulence) within a component. The strong absorption components have cores that are much deeper than the continuum flux levels, indicating that the regions responsible for these components lie completely outside of the broad emission-line regions. The covering factor of the absorbing gas in the line of sight, relative to the total underlying emission, is C > 0.86, on average. The global covering factor, which is the fraction of emission intercepted by the absorber averaged over all lines of sight, is C > 0.5.Comment: 56 pages, Latex, includes 4 figures (encapsulated postscript), Fig. 1 has 2 parts and Fig. 2 has 3 parts, to appear in the Astrophysical Journa

Infrared, optical, and ultraviolet observations of hydrogen line emission from Seyfert galaxies

Nearly simultaneous observations are reported of Pɑ, Hɑ, and Hβ emission from 18 Seyfert galaxies and of Lyɑ from eight of these galaxies. In many cases, Pɑ is stronger relative to the Balmer lines than is predicted by recombination calculations; reddening appears to be required. Dispersion in the Pɑ/Hɑ/Hβ ratios orthogonal to the reddening track indicates that high densities or optical depths also affect the line flux ratios. Several galaxies, notably NGC 1275, have very low Pɑ/Hɑ ratios. High densities, large optical depths, and reddening probably all contribute to the low observed Lɑ/Hβ ratios

Spin relaxation in (110) and (001) InAs/GaSb superlattices

We report an enhancement of the electron spin relaxation time (T1) in a (110) InAs/GaSb superlattice by more than an order of magnitude (25 times) relative to the corresponding (001) structure. The spin dynamics were measured using polarization sensitive pump probe techniques and a mid-infrared, subpicosecond PPLN OPO. Longer T1 times in (110) superlattices are attributed to the suppression of the native interface asymmetry and bulk inversion asymmetry contributions to the precessional D'yakonov Perel spin relaxation process. Calculations using a nonperturbative 14-band nanostructure model give good agreement with experiment and indicate that possible structural inversion asymmetry contributions to T1 associated with compositional mixing at the superlattice interfaces may limit the observed spin lifetime in (110) superlattices. Our findings have implications for potential spintronics applications using InAs/GaSb heterostructures.Comment: 4 pages, 2 figure

Convection, Thermal Bifurcation, and the Colors of A stars

Broad-band ultraviolet photometry from the TD-1 satellite and low dispersion spectra from the short wavelength camera of IUE have been used to investigate a long-standing proposal of Bohm-Vitense that the normal main sequence A- and early-F stars may divide into two different temperature sequences: (1) a high temperature branch (and plateau) comprised of slowly rotating convective stars, and (2) a low temperature branch populated by rapidly rotating radiative stars. We find no evidence from either dataset to support such a claim, or to confirm the existence of an "A-star gap" in the B-V color range 0.22 <= B-V <= 0.28 due to the sudden onset of convection. We do observe, nonetheless, a large scatter in the 1800--2000 A colors of the A-F stars, which amounts to ~0.65 mags at a given B-V color index. The scatter is not caused by interstellar or circumstellar reddening. A convincing case can also be made against binarity and intrinsic variability due to pulsations of delta Sct origin. We find no correlation with established chromospheric and coronal proxies of convection, and thus no demonstrable link to the possible onset of convection among the A-F stars. The scatter is not instrumental. Approximately 0.4 mags of the scatter is shown to arise from individual differences in surface gravity as well as a moderate spread (factor of ~3) in heavy metal abundance and UV line blanketing. A dispersion of ~0.25 mags remains, which has no clear and obvious explanation. The most likely cause, we believe, is a residual imprecision in our correction for the spread in metal abundances. However, the existing data do not rule out possible contributions from intrinsic stellar variability or from differential UV line blanketing effects owing to a dispersion in microturbulent velocity.Comment: 40 pages, 14 figures, 1 table, AAS LaTex, to appear in The Astrophysical Journa