How Business Climate and Political Climate Influence Economic Growth and Economic Development in the American States

Economist Joseph Schumpeter’s examination into the relationships between business cycles and periods of economic expansion defines the government’s role in markets as limited. However, he viewed government intervention as a precursor to improving the levels of economic growth and expanding an individual’s quality of life. This study examines how measures of business and political climate might explain variations in the level of economic growth and development across the states. Economic growth is gauged from the microeconomic perspective of the individual (per capita income) and from the macroeconomic viewpoint of the state’s economy (gross state product). Economic development is defined by changes in a quality of life index. The state’s political climate has a component of ideology, measured as state tax burden and by an index that compares the ratio of public to private sector employment and a component that captures the capacity of a state to manage the affairs of government. The ability of these non-economic, political variables to predict changes in levels of economic growth and development is compared to the explanatory power from six ii indices of a state’s business climate. While the institutions that publish these indices claim to have identified the socio-economic variables responsible for defining economic growth across the American states, none have identified how the richness of a state’s political climate might influence its level of economic growth or economic development. Each variable is defined in a lagged regression model and used to predict growth and development. The findings show that the ratio of public to private sector employment is the most reliable indicator of changes occurring across both measures of economic growth. While some of the measures of a state’s business climate were superior indicators of changes in per capita income, they fell short of predicting changes in GSP. None of the indicators used in this study were able to predict changes in economic development. The findings highlight how states with a high quality of life enjoy higher levels of economic growth. These same states exhibit higher tax burdens and possess smaller governments. It appears that lowering taxes is not a panacea for increasing economic growth and improving the quality of life

ALERT: FARMERS NEED TO SIGN UP FOR ACRE!

Corn, soybean and wheat producers are facing serious financial challenges. And it is even worse for livestock producers, most of who are also crop producers and are therefore eligible for ACRE. Crops are behind in maturity, some areas of the state need rain, product prices have fallen substantially, and USDA Counter Cyclical payments do not start until $2.35 on corn,$5.36 soybeans and $3.40 on wheat. Chances of prices that low are around 10-15%, but at that point ACRE payments would be much, much bigger. Many producers do not understand ACRE and the benefits available; most of the reasons given for not participating are invalid.Crop Production/Industries, Farm Management,

Late Planting Decisions with Crop Insurance: Decision Guidelines for Michigan Farmers in Spring 2011

Michigan has had unusually wet planting conditions in 2011, leading to substantial acreage that has not been planted at this late date. Farmers who purchased crop insurance have many options available to them. This paper addresses the major crop insurance decisions that farmers will face during the next 30 days.crop insurance, prevented planting, risk management, farm management, corn returns, soybean returns, Agricultural and Food Policy, Crop Production/Industries, Farm Management, Risk and Uncertainty,

Assessing Bottlenecks in Vertically Organized Beef Systems

Agribusiness,

Investigation of Single Bubble Sonoluminescence by Acoustic Cavitations of D\u3csub\u3e2\u3c/sub\u3e0

The acoustic cavitation of D20 is measured using an ocean optics ultraviolet spectrometer. Walls of a container were constructed for the D20 using 2mm thick by 6 cm long quartz cylindrical cavity. The upper and lower transducers are silver plated piezoelectric quartz crystals. Compressing a Teflon seal between the piezoelectric crystal and quartz tube creates a watertight seal. Argon is bubbled through the solution of D20 to replace any other existing dissolved gases, as single bubble sonoluminescence is known to work best with dissolved noble gases. The container is immersed in the D20 and sealed using a cap. A standing wave in the cavity causes cavitations of the fluid which captures a seeded bubble of argon. Once the bubble collapses, the emitted light spectrum is measured using an Ocean Optics ultraviolet spectrometer. By measuring the emitted light spectrum a close approximation of the actual temperature can be obtained. However, as water is opaque to ultraviolet light, this may provide only a lower limit. If the temperature is high enough ( approximately a few million K), fusion neutrons may be emitted, which will be measured in a future experiment planned to take place in collaboration with Yale University

Aneurysmal degeneration of the superficial femoral artery after remote endarterectomy

Superficial femoral artery reocclusion is the most common complication of remote endarterectomy with the Mollring device. We present the first reported case of a male patient who developed aneurysmal degeneration of the superficial femoral artery after a previous left common femoral endarterectomy and superficial femoral remote endarterectomy with popliteal stenting. He underwent thrombolysis with subsequent percutaneous transluminal angioplasty after developing acute left lower extremity ischemia. At 12-month follow-up, he was free of claudication symptoms. This case illustrates the need for close surveillance and discusses possible treatment options for patients with this rare complication

Teachers' classroom feedback: still trying to get it right

This article examines feedback traditionally given by teachers in schools. Such feedback tends to focus on children's acquisition and retrieval of externally prescribed knowledge which is then assessed against mandated tests. It suggests that, from a sociocultural learning perspective, feedback directed towards such objectives may limit children's social development. In this article, I draw on observation and interview data gathered from a group of 27 9- to 10-year olds in a UK primary school. These data illustrate the children's perceived need to conform to, rather than negotiate, the teacher's feedback comments. They highlight the children's sense that the teacher's feedback relates to school learning but not to their own interests. The article also includes alternative examples of feedback which draw on children's own inquiries and which relate to the social contexts within which, and for whom, they act. It concludes by suggesting that instead of looking for the right answer to the question of what makes teachers' feedback effective in our current classrooms, a more productive question might be how a negotiation can be opened up among teachers and learners themselves, about how teachers' feedback could support children's learning most appropriately

The business of genomic testing: a survey of early adopters

Purpose: The practice of “genomic” (or “personalized”) medicine requires the availability of appropriate diagnostic testing. Our study objective was to identify the reasons for health systems to bring next-generation sequencing into their clinical laboratories and to understand the process by which such decisions were made. Such information may be of value to other health systems seeking to provide next-generation sequencing testing to their patient populations. Methods: A standardized open-ended interview was conducted with the laboratory medical directors and/or department of pathology chairs of 13 different academic institutions in 10 different states. Results: Genomic testing for cancer dominated the institutional decision making, with three primary reasons: more effective delivery of cancer care, the perceived need for institutional leadership in the field of genomics, and the premise that genomics will eventually be cost-effective. Barriers to implementation included implementation cost; the time and effort needed to maintain this newer testing; challenges in interpreting genetic variants; establishing the bioinformatics infrastructure; and curating data from medical, ethical, and legal standpoints. Ultimate success depended on alignment with institutional strengths and priorities and working closely with institutional clinical programs. Conclusion: These early adopters uniformly viewed genomic analysis as an imperative for developing their expertise in the implementation and practice of genomic medicine

Spenders and Tightwads Among Newlyweds: Perceptions of Partner Financial Behaviors and Relational Well-Being

Finances, and how couples manage their finances, can have important implications for couples’ relational well-being. Using data from 1,585 couples that participated in the CREATE study (a nationally representative dyadic dataset of U.S. newlywed couples), we examined how perceiving one’s spouse as a financial spender (i.e., spending more than they ideally would) or financial tightwad (i.e., spending less than they ideally would) was associated with several measures of relational well-being (i.e., satisfaction, commitment, and power) through actor-partner interdependence structural equation models. Results showed that perceiving one’s partner as a spender was detrimental for both the individual’s and the partner’s marital satisfaction, marital commitment, and marital power. Perceiving one’s partner as a tightwad was detrimental for both the individual’s and the partner’s marital commitment and marital power. The findings suggest that interventions focused on perceptions of financial management behaviors may help strengthen relational well-being among newlyweds

Medication burden in the first 5 years following diagnosis of type 2 diabetes: findings from the ADDITION-UK trial cohort.

INTRODUCTION: Individuals with screen-detected diabetes are likely to receive intensified pharmacotherapy to improve glycaemic control and general cardiometabolic health. Individuals are often asymptomatic, and little is known about the degree to which polypharmacy is present both before, and after diagnosis. We aimed to describe and characterize the pharmacotherapy burden of individuals with screen-detected diabetes at diagnosis, 1 and 5 years post-diagnosis. METHODS: The prescription histories of 1026 individuals with screen-detected diabetes enrolled in the ADDITION-UK trial of the promotion of intensive treatment were coded into general medication types at diagnosis, 1 and 5 years post-diagnosis. The association between change in the count of several medication types and age, baseline 10-year UK Prospective Diabetes Study (UKPDS) cardiovascular disease (CVD risk), sex, intensive treatment group and number of medications was explored. RESULTS: Just under half of individuals were on drugs unrelated to cardioprotection before diagnosis (42%), and this increased along with a rise in the number of prescribed diabetes-related and cardioprotective drugs. The medication profile over the first 5 years suggests multimorbidity and polypharmacy is present in individuals with screen-detected diabetes. Higher modeled CVD risk at baseline was associated with a greater increase in cardioprotective and diabetes-related medication, but not an increase in other medications. CONCLUSION: As recommended in national guidelines, our results suggest that treatment of diabetes was influenced by the underlying risk of CVD. While many individuals did not start glucose lowering and cardioprotective therapies in the first 5 years after diagnosis, more information is required to understand whether this represents unmet need, or patient-centered care. TRIAL REGISTRATION NUMBER: CNT00237549.This study was supported by the Welcome Trust (grant number G061895), the Medical Research Council (Grant numbers G0001164 and MC_UU_12015/4) and the National Institute for Health Research (Grant number RP-PG-0606-1259).This is the final version of the article. It first appeared from BMJ via http://dx.doi.org/10.1136/bmjdrc-2014-00007