Estate Taxes, Life Insurance, and Small Business

One criticism of the estate tax is that it prevents the owners of family businesses from passing their enterprises to their children. The problem is that it may be difficult to pay estate taxes without liquidating the business. A natural question is why individuals with such concerns do not purchase enough life insurance to meet their estate tax liabilities. This paper examines whether and how people use life insurance to deal with the estate tax. We find that, other things being the same, business owners purchase more life insurance than other individuals. However, on the margin, their insurance purchases are less responsive to estate tax considerations and they are less likely to have the wherewithal to meet estate tax liabilities out of liquid assets plus insurance.

Independent Inventors and Innovation: An Empirical Study

Independent inventors have generally been overlooked in research on innovation. This study helps fill the knowledge gap. A survey of independent inventors in the USA showed that their inventions tended towards hardware/tool, household products, industrial/commercial products, novelty items and toys/games/hobbies. Thirty-nine per cent of the respondents generated sales from their inventions and approximately 20% profited from them. Inventors who established a company to commercialize their inventions were most likely to achieve sales. However, inventors who licensed their inventions were more likely to achieve higher sales levels than those who commercialized them only via their own company, or by selling their inventions outright

Characterization of Safe Solvent PMMA Resist Variables for Electron Beam Application

Polymethylmethacrylate (PMMA) materials have been utilized for electron beam lithography for many years, offering high resolution capability and wide process latitude. Their poor sensitivity has, however, limited them until recently to R&D applications. MOSFET 0.25 im T-gate fabrication utilizing PMMA in a multi-layer system has caused an increase in the volume of resist used in commercial applications, prompting a need to evaluate formulations for optimum process performance. Results are presented from a study undertaken to evaluate resist casting solvent composition and molecular weight variation in PMMA for electron beam exposure. PMMA cast in several solvent systems have been evaluated for lithographic performance. Additionally, formulations in chlorobenzene with minor variations in molecular weight have beenevaluated for batch-to-batch uniformity. A 10 KeV MEBES electron beam system has been used to study resist sensitivity, contrast, and process latitude. Using a two-factor, three level factorial designed experiment, prebake and development time have been varied as controlled process factors. Samples with varying molecular weights were shown to have wide process latitude. These samples gave comparable performance while their molecular weights varied from 539K to 614K, and polydispersity varied from 3.3 to 6.1. Resist samples with chlorobenzene, PGMEA (propylene glycol monomethyl ether acetate) and anisole as the casting solvent resulted in equivalent performance

Weight loss intervention trials in women with breast cancer: A systematic review

Obesity has been associated with poor health outcomes in breast cancer survivors. Thus, weight loss is recommended for overweight and obese survivors. We systematically reviewed studies (published up to July 2013) that evaluated behaviourally based, weight loss interventions in women with breast cancer exclusively. Completed randomized trials, single-arm trials and ongoing trials were reviewed. Within-group and between-group differences for weight loss were extracted, as was data on secondary outcomes, i.e. clinical biomarkers, patient-reported outcomes, adverse events. Ten completed randomized trials, four single-arm trials and five ongoing trials were identified. Statistically significant within-group weight loss was observed over periods of 2 to 18 months in 13 of the 14 trials, with six randomized and two single-arm trials observing mean weight loss ≥5%. Clinical biomarkers, psychosocial and patient-reported outcomes were measured in a small number of studies. No serious adverse events were reported. Only two trials assessed maintenance of intervention effects after the end-of-intervention and none reported on cost-effectiveness. The studies included in this review suggest that weight loss is feasible to achieve and is safe in women following treatment for breast cancer. Future studies should assess (and be powered for) a range of biomarker and patient-reported outcomes, and be designed to inform translation into practice

Cardio-metabolic impact of changing sitting, standing, and stepping in the workplace

According to cross-sectional and acute experimental evidence, reducing sitting time should improve cardio-metabolic health risk biomarkers. Furthermore, the improvements obtained may depend on whether sitting is replaced with standing or ambulatory activities. Based on data from the Stand Up Victoria multi-component workplace intervention, we examined this issue using compositional data analysis - a method that can examine and compare all activity changes simultaneously.Participants receiving the intervention (n=136 ≥0.6 full-time equivalent desk-based workers, 65% women, mean±SD age=44.6 ±9.1 years from seven worksites) were asked to improve whole-of-day activity by standing up, sitting less and moving more. Their changes in the composition of daily waking hours (activPAL-assessed sitting, standing, stepping) were quantified, then tested for associations with concurrent changes in cardio-metabolic risk (CMR) scores and 14 biomarkers concerning body composition, glucose, insulin and lipid metabolism. Analyses were by mixed models, accounting for clustering (3 months, n=105-120; 12 months, n=80-97).Sitting reduction was significantly (

Workplace sitting and height-adjustable workstations: a randomized controlled trial

Background Desk-based office employees sit for most of their working day. To address excessive sitting as a newly identified health risk, best practice frameworks suggest a multi-component approach. However, these approaches are resource intensive and knowledge about their impact is limited. Purpose To compare the efficacy of a multi-component intervention to reduce workplace sitting time, to a height-adjustable workstations-only intervention, and to a comparison group (usual practice). Design Three-arm quasi-randomized controlled trial in three separate administrative units of the University of Queensland, Brisbane, Australia. Data were collected between January and June 2012 and analyzed the same year. Setting/participants Desk-based office workers aged 20-65 (multi-component intervention, n=16; workstations-only, n=14; comparison, n=14). Intervention The multi-component intervention comprised installation of height-adjustable workstations and organizational-level (management consultation, staff education, manager e-mails to staff) and individual-level (face-to-face coaching, telephone support) elements. Main outcome measures Workplace sitting time (minutes/8-hour workday) assessed objectively via activPAL3 devices worn for 7 days at baseline and 3 months (end-of-intervention) . Results At baseline, the mean proportion of workplace sitting time was approximately 77% across all groups (multi-component group 366 minutes/8 hours [SD=49]; workstations-only group 373 minutes/8 hours [SD=36], comparison 365 minutes/8 hours [SD=54]). Following intervention and relative to the comparison group, workplace sitting time in the multi-component group was reduced by 89 minutes/8-hour workday (95% CI=-130, -47 minutes;

SKS Splitting Beneath Mount St. Helens: Constraints on Subslab Mantle Entrainment

Observations of seismic anisotropy can provide direct constraints on the character of mantleflow in subduction zones, critical for our broader understanding of subduction dynamics. Here wepresent over 750 new SKS splitting measurements in the vicinity of Mount St. Helens in the Cascadiasubduction zone using a combination of stations from the iMUSH broadband array and Cascades VolcanoObservatory network. This provides the highest density of splitting measurements yet available inCascadia, acting as a focused“telescope”for seismic anisotropy in the subduction zone. We retrieve spatiallyconsistent splitting parameters (mean fast directionΦ: 74°, mean delay time∂t: 1.0 s) with the azimuthaloccurrence of nulls in agreement with the fast direction of splitting. When averaged across the array, a90° periodicity in splitting parameters as a function of back azimuth is revealed, which has not beenrecovered previously with single‐station observations. The periodicity is characterized by a sawtooth patterninΦwith a clearly defined 45° trend. We present new equations that reproduce this behavior based uponknown systematic errors when calculating shear wave splitting from data with realistic seismic noise.The corrected results suggest a single layer of anisotropy with an ENE‐WSW fast axis parallel to the motionof the subducting Juan de Fuca plate; in agreement with predictions for entrained subslab mantleflow. Thesplitting pattern is consistent with that seen throughout Cascadia, suggesting that entrainment of theunderlying asthenosphere with the subducting slab is coherent and widespread.The broadband seismic component of the iMUSH project was supported by National Science Foundation grants EAR‐1144568, EAR‐1144351, EAR‐1460291, and EAR‐1444275. CME acknowledges support from the Australian Research Council (DE190100062). We thank the 2017 IRIS undergraduate summer intern program for providing support to A. W. to work with E. A. W. at the University of Washington. The facilities of IRIS Data Services, and specifically the IRIS Data Management Center, were used for access to waveforms, related metadata, and/or derived products used in this study. IRIS Data Services are funded through the Seismological Facilities for the Advancement of Geoscience and EarthScope (SAGE) Proposal of the National Science Foundation under Cooperative Agreement EAR‐1261681

Plant Manage

ABSTRACT We examined the impacts of mechanical shredding (i.e., shredding plants and leaving biomass in the system) of the water chestnut ( Trapa natans ) on water quality and nutrient mobilization in a control and experimental site in Lake Champlain (Vermont-New York). A 1-ha plot was mechanically shredded within 1 h on 26 July, 1999. Broken plant material was initially concentrated on the lake surface of the experimental station after shredding, and was noticeable on the lake surface for 19 d. Over a two week period after shredding, concentrations of total nitrogen (N) and phosphorus (P), and soluble reactive P increased in the lower water column of the experimental station, coinciding with decomposition of water chestnut. Sediments in the control and experimental stations exhibited very low rates of N and P release and could not account for increases in nutrient concentrations in the water column after mechanical shredding. Shredded plant material deployed in mesh bags at the experimental station lost ~ 70% of their total mass, and 42% N and 70% P within 14 d, indicating substantial nutrient mobilization via autolysis and decomposition. Chlorophyll a concentrations increased to 35 g/L at the experimental station on day 7 after shredding, compared to a concentration of 4 g/L at the control station, suggesting uptake of mobilized nutrients by phytoplankton. Disruption of the surface canopy of water chestnut by shredding was associated with marked increases in turbidity and dissolved oxygen, suggesting increased mixing at the experimental site

Estate Taxes, Life Insurance, and Small Business

One criticism of the estate tax is that it prevents the owners of family businesses from passing their enterprises onto their children. The problem is that it may be difficult to pay estate taxes without liquidating the business. A natural question is why individuals with such concerns do not purchase enough life insurance to meet their estate tax liabilities. This paper examines whether and how people use life insurance to deal with the estate tax. We find that, other things being the same, business owners purchase more life insurance than other individuals. However, on the margin, their insurance purchases are less responsive to estate tax considerations and they are less likely to have the wherewithal to meet estate tax liabilities out of liquid assets plus insurance

Six-month outcomes from Living Well with Diabetes: a randomized trial of a telephone-delivered weight loss and physical activity intervention to improve glycemic control

Intensive lifestyle intervention trials in type 2 diabetes contribute evidence on what can be achieved under optimal conditions, but are less informative for translation in applied settings