Static and Dynamic Resource Allocation Effects of Corporate and PersonalTax Integration in the U.S.: A General Equilibrium Approach(Rev)

This paper presents estimates of static and dynamic general equilibrium resource allocation effects for four alternative plans for corporate and personal income tax integration in the U.S. A medium—scale numerical general equilibrium model is used which integrates the U.S. tax system with consumer demand behavior by household and producer behavior by industry. Results indicate that total integration of personal and corporate taxes would yield an annual static efficiency gain of around $4 billion (1973 dollars). Partial integration plans yield less. Dynamic effects are larger, and our analysis indicates that full integration may yield gains whose present value is as large as$400 billion or 0.8% of the discounted present value of the GNP stream to the U.S. economy after correction for population growth. Plans differ in their distributional impacts, although these findings depend on the nature of replacement taxes used to preserve government revenues. The size of dynamic resource allocation effects are sensitive to the choice of the replacement tax, while static gains are reasonably robust.

Radiological study of the stomach after gastro-enterostomy

(1) An account is given of the technique found most suitable for the radiological examination of cases after gastro-enterostomy. (2) The mode of filling and action in the normal stomach, and after gastro-enterostomy is described. (3) It is suggested that there is a patulous condition of the stoma in the fasting stomach, allowing the leakage of the gastric secretion, especially in the recumbent position and that this may be at least a partial explanation of the improvement following gastro-enterostomy. (4) It is pointed out that in the full stomach ther is a rhythmical action of the stoma, and that this is probably due to variations in the gastric tone. (5) As there is every evidence that primary union rarely takes place at the anastomotic line, puckering of the mucosa will normally be present and can have no diagnostic significance. (6) The only radiological evidence of gastro-jejunal ulcer is the actual demonstration of a "niche". (7) It is pointed out that while a well formed "niche" sign is diagnostic of gastric, duodenal or gastro-jejunal ulcer, the disappearance of this sign can in no way be taken as evidence that the ulcer has. healed. (8) The diagnosis of carcinoma developing in a stomach after gastro-enterostomy is exceedingly difficult by the opaque meal, and it is suggested that the onset of symptoms will be unusually late. A negative X-Ray report of neoplasm in these cases is of no value. (9) In every examination of a stomach after gastro-enterostomy, mention should be made of the position of the colon, preferably in relation to that of the anastomosis

Do jumbo-CD holders care about anything?

Uninsured deposits represent a theoretically appealing but relatively untested alternative to subordinated debt for incorporating market discipline into banking supervision. To make the deposit market a useful supervisory tool, it is necessary to know what types of risk are priced by depositors and in what proportions. Using a clustering technique to select from among a large set of potential regressors, as well as a carefully chosen set of control variables, we attempt to determine the types of risk that cause uninsured depositors to react in both the price and quantity dimensions. As a benchmark for economic significance, we estimate similar regressions on supervisory ratings. We find that, in contrast to government supervisors, depositors have not priced most types of risk since 1997. Indeed, the only risk variables that consistently come up as statistically significant are those that measure capital adequacy. Our interpretation of these results is that, because aggregate banking conditions are good, it is not worth depositors' effort to investigate individual bank quality very carefully. We conclude that, in the current economic and regulatory environment, the market is content to delegate most of its monitoring and discipline to the government. To the extent that it does monitor, it only monitors capital. The jumbo-CD market is thus not likely to be of much supervisory use, particularly given that examiners already have good information about capital levels. The depositor emphasis on capital also supports the conjecture that market discipline was responsible for much of the recent capital build-up.Bank deposits ; Bank supervision

The Wisdom of the Strict Locality Rule

Unlike the preceding article, this article favors the retention of the strict locality rule in medical malpractice cases in Maryland. The authors, after analyzing many of the arguments put forth to liberalize or extinguish Maryland\u27s version of the strict locality rule, discuss the case history that has solidified Maryland\u27s position and demonstrate the justification for the rule\u27s continued application in this jurisdiction

The Wisdom of the Strict Locality Rule

Unlike the preceding article, this article favors the retention of the strict locality rule in medical malpractice cases in Maryland. The authors, after analyzing many of the arguments put forth to liberalize or extinguish Maryland\u27s version of the strict locality rule, discuss the case history that has solidified Maryland\u27s position and demonstrate the justification for the rule\u27s continued application in this jurisdiction

A note on the regularity of solutions of infinite dimensional Riccati equations

This note is concerned with the regularity of solutions of algebraic Riccati equations arising from infinite dimensional LQR and LQG control problems. We show that distributed parameter systems described by certain parabolic partial differential equations often have a special structure that smoothes solutions of the corresponding Riccati equation. This analysis is motivated by the need to find specific representations for Riccati operators that can be used in the development of computational schemes for problems where the input and output operators are not Hilbert-Schmidt. This situation occurs in many boundary control problems and in certain distributed control problems associated with optimal sensor/actuator placement

Addressing Intimate Partner Violence Among Female Clients Accessing HIV Testing and Counseling Services: Pilot Testing Tools in Rakai, Uganda.

The World Health Organization recommends that HIV counseling and testing (HCT) programs implement strategies to address how intimate partner violence (IPV) influences women's ability to protect themselves from and seek care and treatment for HIV infection. We discuss the process used to adapt a screening and brief intervention (SBI) for female clients of HCT services in Rakai, Uganda-a setting with high prevalence of both HIV and IPV. By outlining our collaborative process for adapting and implementing the SBI in Rakai and training counselors for its use, we hope other HCT programs will consider replicating the approach in their settings

Cooling of cryogenic electron bilayers via the Coulomb interaction

Heat dissipation in current-carrying cryogenic nanostructures is problematic because the phonon density of states decreases strongly as energy decreases. We show that the Coulomb interaction can prove a valuable resource for carrier cooling via coupling to a nearby, cold electron reservoir. Specifically, we consider the geometry of an electron bilayer in a silicon-based heterostructure, and analyze the power transfer. We show that across a range of temperatures, separations, and sheet densities, the electron-electron interaction dominates the phonon heat-dissipation modes as the main cooling mechanism. Coulomb cooling is most effective at low densities, when phonon cooling is least effective in silicon, making it especially relevant for experiments attempting to perform coherent manipulations of single spins.Comment: 9 pages, 5 figure

Method of providing a lunar habitat from an external tank

A lunar habitat is provided by placing an external tank of an orbiter in a low Earth orbit where the hydrogen tank is separated from the intertank and oxygen tank which form a base structure. The base structure is then outfitted with an air lock, living quarters, a thermal control system, an environmental control and life support system, and a propulsion system. After the mounting of an outer sheath about the base structure to act as a micrometeoroid shield, the base structure is propelled to a soft landing on the moon. The sheath is mounted at a distance from the base structure to provide a space therebetween which is filled with regolith after landing. Conveniently, a space station is used to outfit the base structure. Various elements of the oxygen tank and intertank are used in outfitting