Undermining Bitcoin

In March 2014, the IRS issued a notice detailing the tax treatment the agency would apply to virtual currencies such as Bitcoin. Although applauded by some as a step towards legal legitimacy for this new technology, the IRS’s position severely undermines the transactional utility of virtual currencies. Using tax rules established for traditional property transactions frustrates one of virtual currencies’ principal purposes: its use as a medium of exchange. Tax compliance requires calculation and payment of capital gains tax, which necessitates documentation of all acquisitions and dispositions of virtual currencies. This tax treatment will likely discourage the use of these currencies, or alternatively will encourage noncompliance by their users. Decentralized currencies like Bitcoin pose novel and difficult regulatory questions, but mechanically applying old rules will lead to an unsatisfactory outcome. The best solution is new legislation that specifically addresses the novel issues posed by virtual currencies, fosters the use of virtual currency in transactions, and still collects tax revenues from investors

Rainy Days

https://digitalcommons.library.umaine.edu/mmb-vp/6601/thumbnail.jp

Growing green?: co-creating an evidence-based model of SME engagement

Topic: This paper reports on our experiences in running a pilot ESRC Impact Acceleration Account (IAA) project that addresses the issue of ‘sustainable growth’ by engaging SME owners and managers in facilitated workshop discussions on this important, yet highly contested topic. If the UK and other countries are to meet their carbon reduction obligations, it is clear that SMEs will need to make significant, and in some cases radical changes, not only in terms of their day-to-day operational practices but also in their longer-term trajectories. However, policymakers face substantial obstacles in communicating with this audience, including: the scale and diversity of the SME population, competing priorities, competitive pressures and resource constraints. This project combines published research on SMEs, their growth processes and environmental behaviours, with specialist expertise in SME engagement and climate change communication. Aim: The multi-partner collaboration is designed to co-create new knowledge on environmentally sustainable growth in SMEs. Its primary aim is to help SMEs and intermediaries gain a better understanding of sustainable growth and its implications for their businesses. The team designed and trialled an innovative approach engagement, based on facilitated workshop discussions, creating an initial evidence base that will be coupled with a set of practical recommendations. The project builds on the academic and external partners’ complementary research insights into SMEs, organisational growth, climate change communication, energy use and associated policy-making. By incorporating the expertise of the practical insights of practitioners and intermediary organisations, the project seeks to initiate a vigorous knowledge exchange about the conceptualisation and practical application of sustainable growth. Methodology: Prior to engaging with SMEs, the team conducted a review of the literature on sustainable growth, which informed the engagement phase of the project. We also conducted a small survey of SME owners and managers and engaged in an informal consultation with stakeholders that informed the design and contents of the pilot workshops. Two half-day workshops were organised with SME owner and manager participants, facilitated by the communications specialists, Climate Outreach, and drawing on previous engagement projects with hard to reach groups. The workshops provided a forum for participants to engage in grounded, ‘peer to peer’ discussion about sustainable growth, expressed in their own terms and drawing on their own values and narratives. Audio recording of the workshops provided the basis for a thematic analysis, which has been combined with the other sources to construct this working paper. Contribution: The project is generating new insights into SME perspectives on sustainable growth that are grounded in relevant theory and evidence, coupled with practical tools that will be of value to practitioners and policymakers. The project team has also developed audio-visual resources, which will be used to raise awareness and help to provide the foundations for future engagement activity. The aim of the next phase of the project is to further refine this approach to engagement in the form of a more fully developed ‘toolkit’ and associated resources

How Can SMEs Contribute to Net Zero?: An Evidence Review.

In 2019, the UK Government and the devolved administrations committed to achieving the target of Net Zero by 2050, based on the recommendations of the UK’s formal advisory body (Committee on Climate Change, 2020). It is now widely recognised that this will require major reductions in the carbon emissions of the general SME population. There are more than 5.9 million small and medium-sized enterprises in the four nations, which employ 16.8 million people and account for an estimated £2.3 trillion in turnover (approximately 52% of the total for UK private sector businesses) (BEIS, 2020). While the environmental footprints of individual firms may appear relatively insignificant, it is not possible to ignore the aggregate impact of such a large component of our economic landscape. SMEs can also have an important indirect influence on climate mitigation through their influence on other actors, including suppliers, customers, and other organisations (Parag and Janda, 2014). There has been a step-change in public and private sector involvement in this area in the last few years, signalled by the launch of many new local, regional, and sectoral initiatives. However, it is not clear whether the current policy mix will be sufficient to meet the sheer scale and complexity of the challenge. While this report focuses on Net Zero, much of evidence presented is equally applicable to other important environmental issues, such as waste management and air quality. We begin with a brief review of recent policy developments. This is followed by an overview of the more promising types of tools andapproaches, with practical examples and indicative sources. We examine explanations for the failure or under-performance of these interventions, which are often analysed in terms of discrete ‘barriers’ and ‘drivers’, and indicate why it has become necessary to move beyond this conventional framing. We then map out six key evidence gaps in relation to: data; support; intermediaries; values; COVID-19; and networks, along with two cross-cutting research priorities, which need to be addressed in order to ensure more effective policy design and implementation in this field. This review addresses environmental improvement in the general SME population. A companion review will focus on the closely related challenge of promoting ‘green’ start-up ventures and other forms of eco-innovation in sectors that seek to address specific environmental challenges

Eco-innovation and Green Start-ups: An Evidence Review

This paper examines ‘green’ start-up ventures and other forms of eco-innovation in which SMEs play an active role. It reviews recent evidence on entrepreneurial and innovative initiatives that address specific environmental challenges, including the Climate Emergency. A companion report (ERC SOTA Review no. 51, July 2021), focuses on the closely related issue of improving environmental performance in the general SME population

Growing Greener: Creating a New Values-based Environmental Engagement Toolkit for SME Intermediaries

This paper explores a radically different way of facilitating energy and environmental initiatives in small and medium-sized enterprises (SMEs). In terms of energy policy, smaller firms in Europe are exempted from most of the major fiscal and regulatory mechanisms that are applied to larger organisations. Policies to reduce energy demand and associated carbon emissions in SMEs are largely based on providing incentives, such as face-to-face support and grants for energy efficiency in buildings. Energy advisors are therefore key intermediaries, providing advice and encouraging the uptake of low carbon technologies and practices by SMEs. Previous studies have found that advisors often find it difficult to engage effectively with SME owners and managers, and that traditional ‘win-win’ messaging can have limited impact, resulting in implementation problems such as under-investment in energy-saving technologies, reluctance to adopt new environmental practices, and a tendency to revert to previous ways of operating once the incentive is removed. Recent research also suggests that SME owners’ and managers’ personal values play an important mediating role in their response to environmental issues, acting in combination with more established factors such as educational background, access to resources and the views of customers and suppliers. The implication is that policy interventions in this area could be delivered in more cost-effective ways if accompanied by a more nuanced, values-based approach to engagement. This paper reports findings from ‘Growing Greener’ a UK multi-disciplinary project that aims to equip advisors and other types of intermediary with the skills, knowledge and understanding they need in order to incorporate a values-based approach into their existing interactions with SMEs. It opens with an overview of the policy context and a brief overview of the relevant research literature. The main section explains how the research team co-produced a values-based engagement toolkit in conjunction with a group of energy advisors and external specialists. The design process included a series of facilitated ‘narrative workshops’, where advisors shared their experiences and experimented with early versions of the engagement tools. This is followed by an outline of the completed engagement ‘toolkit’, which includes free-to-access online course, a communication guide and an interactive engagement tool. These three inter-related components are designed to help advisors to engage SMEs beyond a narrow, cost-benefit framework, and in turn help SME owners and managers to connect low carbon choices with the personal and business values that are important to them as individuals. Our findings indicate the potential for more effective, longer-lasting interventions beyond the low hanging fruit of building efficiency measures

Text-mining of PubMed abstracts by natural language processing to create a public knowledge base on molecular mechanisms of bacterial enteropathogens

<p>Abstract</p> <p>Background</p> <p>The Enteropathogen Resource Integration Center (ERIC; <url>http://www.ericbrc.org</url>) has a goal of providing bioinformatics support for the scientific community researching enteropathogenic bacteria such as <it>Escherichia coli </it>and <it>Salmonella </it>spp. Rapid and accurate identification of experimental conclusions from the scientific literature is critical to support research in this field. Natural Language Processing (NLP), and in particular Information Extraction (IE) technology, can be a significant aid to this process.</p> <p>Description</p> <p>We have trained a powerful, state-of-the-art IE technology on a corpus of abstracts from the microbial literature in PubMed to automatically identify and categorize biologically relevant entities and predicative relations. These relations include: Genes/Gene Products and their Roles; Gene Mutations and the resulting Phenotypes; and Organisms and their associated Pathogenicity. Evaluations on blind datasets show an F-measure average of greater than 90% for entities (genes, operons, etc.) and over 70% for relations (gene/gene product to role, etc). This IE capability, combined with text indexing and relational database technologies, constitute the core of our recently deployed text mining application.</p> <p>Conclusion</p> <p>Our Text Mining application is available online on the ERIC website <url>http://www.ericbrc.org/portal/eric/articles</url>. The information retrieval interface displays a list of recently published enteropathogen literature abstracts, and also provides a search interface to execute custom queries by keyword, date range, etc. Upon selection, processed abstracts and the entities and relations extracted from them are retrieved from a relational database and marked up to highlight the entities and relations. The abstract also provides links from extracted genes and gene products to the ERIC Annotations database, thus providing access to comprehensive genomic annotations and adding value to both the text-mining and annotations systems.</p

Antimicrobial resistance among migrants in Europe: a systematic review and meta-analysis

BACKGROUND: Rates of antimicrobial resistance (AMR) are rising globally and there is concern that increased migration is contributing to the burden of antibiotic resistance in Europe. However, the effect of migration on the burden of AMR in Europe has not yet been comprehensively examined. Therefore, we did a systematic review and meta-analysis to identify and synthesise data for AMR carriage or infection in migrants to Europe to examine differences in patterns of AMR across migrant groups and in different settings. METHODS: For this systematic review and meta-analysis, we searched MEDLINE, Embase, PubMed, and Scopus with no language restrictions from Jan 1, 2000, to Jan 18, 2017, for primary data from observational studies reporting antibacterial resistance in common bacterial pathogens among migrants to 21 European Union-15 and European Economic Area countries. To be eligible for inclusion, studies had to report data on carriage or infection with laboratory-confirmed antibiotic-resistant organisms in migrant populations. We extracted data from eligible studies and assessed quality using piloted, standardised forms. We did not examine drug resistance in tuberculosis and excluded articles solely reporting on this parameter. We also excluded articles in which migrant status was determined by ethnicity, country of birth of participants' parents, or was not defined, and articles in which data were not disaggregated by migrant status. Outcomes were carriage of or infection with antibiotic-resistant organisms. We used random-effects models to calculate the pooled prevalence of each outcome. The study protocol is registered with PROSPERO, number CRD42016043681. FINDINGS: We identified 2274 articles, of which 23 observational studies reporting on antibiotic resistance in 2319 migrants were included. The pooled prevalence of any AMR carriage or AMR infection in migrants was 25·4% (95% CI 19·1-31·8; I2 =98%), including meticillin-resistant Staphylococcus aureus (7·8%, 4·8-10·7; I2 =92%) and antibiotic-resistant Gram-negative bacteria (27·2%, 17·6-36·8; I2 =94%). The pooled prevalence of any AMR carriage or infection was higher in refugees and asylum seekers (33·0%, 18·3-47·6; I2 =98%) than in other migrant groups (6·6%, 1·8-11·3; I2 =92%). The pooled prevalence of antibiotic-resistant organisms was slightly higher in high-migrant community settings (33·1%, 11·1-55·1; I2 =96%) than in migrants in hospitals (24·3%, 16·1-32·6; I2 =98%). We did not find evidence of high rates of transmission of AMR from migrant to host populations. INTERPRETATION: Migrants are exposed to conditions favouring the emergence of drug resistance during transit and in host countries in Europe. Increased antibiotic resistance among refugees and asylum seekers and in high-migrant community settings (such as refugee camps and detention facilities) highlights the need for improved living conditions, access to health care, and initiatives to facilitate detection of and appropriate high-quality treatment for antibiotic-resistant infections during transit and in host countries. Protocols for the prevention and control of infection and for antibiotic surveillance need to be integrated in all aspects of health care, which should be accessible for all migrant groups, and should target determinants of AMR before, during, and after migration. FUNDING: UK National Institute for Health Research Imperial Biomedical Research Centre, Imperial College Healthcare Charity, the Wellcome Trust, and UK National Institute for Health Research Health Protection Research Unit in Healthcare-associated Infections and Antimictobial Resistance at Imperial College London