Capturing Economic Rents From Resources Through Royalties and Taxes

Oil price fluctuations, concerns over the division of resource revenues, and unconventional oil and gas developments are forcing governments to confront the same issue: how to design optimal royalty and corporate tax systems that bring in a publicly acceptable share of revenues without discouraging private investment. This paper surveys tax and royalty systems across six countries, as well as four US states and five Canadian provinces, offering concise analyses of their strengths and shortcomings to describe the best and simplest approaches to both. As in a public-private partnership, government owns the resources and allows private agents to maximize the rents resources generate. An optimal royalty system will thus be rent-based, ensuring that both owner and agent obtain maximally competitive returns so that each has incentives to continue the partnership. Such a system will also be simple, making compliance easy, manipulation difficult, and risks affordable. And it will be stable, instilling in the private sector the confidence needed to invest for the long term. As for corporate income taxes, they should be neutral across business activities, and applied at equal effective rates on economic income, to avoid distorting market forces through subsidies or needless complexity. A clean rent-based tax that allows all costs incurred by producers to be expensed or carried over, along with a corporate income tax system shorn of many of the preferences that negatively affect business activity, should be the way forward for any government looking to update their fiscal regimes for the 21st century

Are physiotherapy students adequately prepared to successfully gain employment?

This is the post-print version of the final paper published in Physiotherapy. The published article is available from the link below. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. Copyright @ 2010 Elsevier B.V.Objectives - To explore the preparedness of final-year physiotherapy students for their progression into employment, and identify what universities can do to facilitate a smooth transition. Design - A single-cohort study, utilising a qualitative design incorporating a survey followed by transcribed and coded semi-structured interviews. Setting - Interviews were held in the Placement and Careers Centre at Brunel University, London. Participants - Sixty final-year full- and part-time students participated in the survey, and 12 final-year full- and part-time students participated in the semi-structured interviews. Methods - Sixty students completed a questionnaire which explored their preparedness for employment. Questions related to the current job situation, the application process and the student's ideal first post. Responses from the questionnaire were analysed and discussed further through a digitally recorded interview. Twelve students were interviewed by an experienced interviewer from a non-physiotherapy background. Results - Students felt unprepared for employment. Forty-seven per cent wanted a rotational post, but 26% would only spend 6 months and 39% would only spend 1 year looking for a job. Seventy-one percent would change career and 99% would work abroad if they were unable to secure a post in the UK. Most importantly, students could not identify transferable skills required by potential employers; only 25% cited effective communications, and 10% cited flexible working as a transferable skill. Self-management skills (e.g. prioritisation, time management and documentation) were not perceived as essential for employment. Conclusions - The job market requires physiotherapy graduates to possess transferable skills which can be applied to any situation. Many are integral to the profession and the undergraduate curriculum; however, analysis and assimilation of these skills cannot be assumed. Universities should reflect on their curriculum delivery to produce graduates who meet employers’ expectations and make a smooth transition into the workplace

International differences in self-reported health measures in 33 major metropolitan areas in Europe.

The increasing concentration of populations into large conurbations in recent decades has not been matched by international health assessments, which remain largely focused at the country level. We aimed to demonstrate the use of routine survey data to compare the health of large metropolitan centres across Europe and determine the extent to which differences are due to socio-economic factors

Windows on the Universe: Establishing the Infrastructure for a Collaborative Multi-messenger Ecosystem

In this White Paper, we present recommendations for the scientific community and funding agencies to foster the infrastructure for a collaborative multi-messenger and time-domain astronomy (MMA/TDA) ecosystem. MMA/TDA is poised for breakthrough discoveries in the coming decade. In much the same way that expanding beyond the optical bandpass revealed entirely new and unexpected discoveries, cosmic messengers beyond light (i.e., gravitational waves, neutrinos, and cosmic rays) open entirely new windows to answer some of the most fundamental questions in (astro)physics: heavy element synthesis, equation of state of dense matter, particle acceleration, etc. This field was prioritized as a frontier scientific pursuit in the 2020 Decadal Survey on Astronomy and Astrophysics via its "New Windows on the Dynamic Universe" theme. MMA/TDA science presents technical challenges distinct from those experienced in other disciplines. Successful observations require coordination across myriad boundaries -- different cosmic messengers, ground vs. space, international borders, etc. -- all for sources that may not be well localized, and whose brightness may be changing rapidly with time. Add that all of this work is undertaken by real human beings, with distinct backgrounds, experiences, cultures, and expectations, that often conflict. To address these challenges and help MMA/TDA realize its full scientific potential in the coming decade (and beyond), the second in a series of community workshops sponsored by the U.S. National Science Foundation (NSF) and NASA titled "Windows on the Universe: Establishing the Infrastructure for a Collaborative Multi-Messenger Ecosystem" was held on October 16-18, 2023 in Tucson, AZ. Here we present the primary recommendations from this workshop focused on three key topics -- hardware, software, and people and policy. [abridged]Comment: Workshop white pape

Heavy Ions at LHC: A Quest for Quark-Gluon Plasma

Quantum Chromo Dynamics (QCD), the theory of strong interactions, predicts a transition of the usual matter to a new phase of matter, called Quark-Gluon Plasma (QGP), at sufficiently high temperatures. The non-perturbative technique of defining a theory on a space-time lattice has been used to obtain this and other predictions about the nature of QGP. Heavy ion collisions at the Large Hadron Collider in CERN can potentially test these predictions and thereby test our theoretical understanding of confinement. This brief review aims at providing a glimpse of both these aspects of QGP.Comment: 26 pages, 31 Figures, Invited article for the volume on LHC physics to celebrate the Platinum Jubilee of the Indian National Science Academy, edited by Amitava Datta, Biswarup Mukhopadhyaya and Amitava Raychaudhuri. Needs style file insa.sty (included