Anatomy of a Governance Transformation: The Case of Daimler-Benz

Logue and Seward examine the evolutionary transformation in the corporate governance structure of Daimler-Benz AG, the largest German industrial company. Over the last several years, Daimler-Benz has taken numerous steps toward prioritizing shareholder value more intensely than ever before

Binary optics at Hughes Danbury Optical Systems

An overview of binary optics development at Hughes Danbury Optical Systems is presented. Design software used for mask design is presented. A brief discussion of fabrication follows. Two examples of actual projects are used to highlight the discussion: (1) a large aspheric lens; and (2) a set of grating and lenslet arrays

Understanding the AMT, and its Unadopted Sibling, the AMxT

U.S. taxpayers are currently required to pay the greater of their liabilities under the regular income tax and their liabilities under the Alternative Minimum Tax (AMT). Despite its unpopularity, the AMT serves the function of permitting Congress to offer tax preferences for certain activities and expenditures while maintaining a progressive tax system. This paper examines this role of the AMT, and explores the possibility of adding an Alternative Maximum Tax (AMxT) that would augment the impact of the AMT. An AMxT limits a taxpayer’s liability to the minimum of the amount due under the regular income tax and the amount due under an alternative regime with the same tax base as the AMT, but higher tax rates. Adopting a coherent AMT/AMxT combination would increase the complexity of the tax system but make it possible to increase the progressivity of the regular income tax while using tax preferences to encourage socially beneficial activities, all without inducing excessive inequities in resulting tax burdens. Although the U.S. Treasury proposed an AMxT when it first advanced its plan for an AMT in 1969, and despite AMxT features of the current U.S. income tax, a comprehensive AMxT has never been enacted

Understanding the AMT, and its Unadopted Sibling, the AMxT

Four million Americans with extensive tax preferences are subject to the Alternative Minimum Tax (AMT). By taxing a broad definition of income, the AMT makes it possible to have a tax system that both encourages certain activities with generous tax preferences and maintains a semblance of distributional equity. The same rationale supports the imposition of an Alternative Maximum Tax (AMxT), which would cap tax liabilities of individuals with very few preference items and thereby afford Congress greater flexibility in designing the income tax. The original 1969 AMT proposal included an AMxT; it is difficult to justify imposing one without the other

Developments in the Application of Florida\u27s Capital Felony Sentencing Law

The authors discuss the Florida capital felony sentencing law, as amended in response to the decision of the Supreme Court of the United States in Furman v. Georgia. They examine developments in the construction and application of the statutory provisions for sentencing and appellate review, with a particular emphasis on the aggravating circumstances that the statute provides as standards to guide and control the imposition of the death sentence

Developments in the Application of Florida\u27s Capital Felony Sentencing Law

The authors discuss the Florida capital felony sentencing law, as amended in response to the decision of the Supreme Court of the United States in Furman v. Georgia. They examine developments in the construction and application of the statutory provisions for sentencing and appellate review, with a particular emphasis on the aggravating circumstances that the statute provides as standards to guide and control the imposition of the death sentence

Delegating Tax

Congress delegates extensive and growing lawmaking authority to federal administrative agencies in areas other than taxation, but tightly limits the scope of Internal Revenue Service (IRS) and Treasury regulatory discretion in the tax area, specifically not permitting these agencies to select or adjust tax rates. This Article questions why tax policy does and should differ from other policy areas in this respect, noting some of the potential policy benefits of delegation. Greater delegation of tax lawmaking authority would allow administrative agencies to apply their expertise to fiscal policy and afford timely adjustment to changing economic circumstances. Furthermore, delegation of the tax reform process to an independent commission or agency offers the prospect of Congress committing itself to rational reform and long-run budget sustainability in a way that is more apt to succeed than piecemeal legislative efforts. The Article concludes with an analysis of the constitutionality of tax delegation, noting the applicability of recent Supreme Court decisions confirming Congress’s broad discretion to delegate rulemaking authority to federal agencies, and arguing that tax policy is of a kind with other federal policies

The Geology of Cambrian Rocks of Conanicut Island, Jamestown, Rhode Island

Guidebook to geologic field studies in Rhode Island and adjacent areas: The 73rd annual meeting of the New England Intercollegiate Geological Conference, October 16-18, 1981: Trip C-

National Health Service healthcare staff experience and practices regarding complementary and alternative medicine: an online survey.

The use of complementary and alternative medicine (CAM) is increasing. The most common reported reason for CAM use is dissatisfaction with conventional healthcare. Several studies have reported factors influencing CAM usage and beliefs in the general public but the beliefs of healthcare staff are less well known. This paper reports the results of an online survey of 537 healthcare staff. Our study demonstrated an increased rate of patient referral for CAM from both personal CAM users and those trained in CAM. There was a high level of optimism amongst respondents as to the role CAM may play in patient care with mental health, depression and palliative care cited as the areas with highest expected benefit. Doctors were generally less optimistic about the likelihood of benefit compared to other healthcare staff. Implications for clinical practice, future research and staff education are discussed