Nuclear energy forecasts and the international safeguards system

This paper assesses the impact of the increasing use of nuclear energy on the international safeguards system, and it identifies and assesses options for coping with the anticipated impact. A review of nuclear energy forecasts indicates a need for substantial increases in the financial and personnel resources of the safeguards system over the next decade. The requisite financial increases are probably within the limits of political feasibility, but the personnel needs may become problematic. There is also likely to be a continuing decline in confidence in the effectiveness of the system because of perceptions of inadequate resources and methods. There are several options that could reduce the projected technical and political pressures on the system: a postponement of plutonium recycle; improved materials measurement accuracies; immediate increases in the IAEA inspections staff. There are also options that would supplement the safeguards system and alleviate the pressures on it: multinational fuel cycle centers; a suppliers' cartel-like arrangement; and an International Nuclear Materials Custodial Authority.     

"Ethics and Geography –Impact of Geographical Cultural Differences on Students Ethical Decisions"

Conceptually, entrepreneurship is seen as the engine that drives a robust economy, promotes a favorable quality of life, and assures the availability of the attributes needed for meaningful living. However, like many popular concepts in this world, its limitations are normally not well acknowledged. A grouping of entrepreneurial ventures which has recently come into existence deals with the personal fiscal issues associated with the end-of-life phase of the human cycle. While generally praised as humanitarian services for society, that are assuredly within legal bounds, these activities have potentially significant negative implications. When examined from an ethical perspective, some questionable practices became apparent. Three such undertakings in particular have to do with the terminally ill and are examined in this paper. The first, viatical transactions, is defined as the transfer of a life insurance policy's ownership to someone who does not have an insurable interest in the life of the insured individual. The second, creative tax shelters for wealthy people involved in estate planning, involves hiring unrelated parties, particularly those who are young and in failing health, to do the dying for the principal. The third, mind games, involves curtailing the use of medical resources for the dying. The justification for this is rationing scarce medical resources.     

In‐Work Credits in the UK and the US

In‐work credits grew in popularity worldwide during the late 1990s and 2000s as a means of reforming welfare systems in ways that could both encourage work and reduce poverty. This paper reviews the role of in‐work tax credits in the UK and the US, what is known and remains to be known about their impacts and distributional consequences, and the possibilities for reform. Evidence is clear that in‐work credits reduce poverty and can encourage lone parents to work, but have minimal impacts, in aggregate, on second earners. Spending on in‐work credits has grown in the UK, but there have been two major overhauls of the way these are structured so that, on current plans, the UK will not have an identifiable in‐work credit by 2023. In the US, in‐work assistance has grown in generosity and reach since the 1980s, thanks to broad political support for the Earned Income Tax Credit (EITC) and the (less‐targeted) Child Tax Credit. Future debates in the UK should focus on the rise of in‐work poverty, particularly amongst couples, with some needed focus on the design of in‐work benefits, a debate where economic analysis and evidence should have a major role to play. In the US, the policy discussion should be about whether to increase substantially the EITC for those without children, and how best to maintain or expand the credit's generosity for those with children.     

Motivating students to prepare for class and engage in discussion using the hot seat

Accounting accreditation standards place a strong emphasis on student engagement in the learning process (1 and 14). However, budget constraints at many universities are creating larger class sizes, thereby complicating the student-engagement process in two respects. First, it is difficult for professors to motivate students to prepare for class when the students perceive a small probability of being held individually accountable for reading assigned materials. Second, it becomes harder for professors to have one-on-one interactions with students during class as enrollments grow (Litke, 1995). This lack of interaction makes it more difficult to engage students in the learning process. This article describes a teaching approach, called the “hot seat,” that overcomes these challenges by motivating students to prepare for class and engage in the learning process during class. Assessment data suggest that students valued the instructor’s commitment to high-quality instruction and that they believed the hot-seat approach accomplished its intended objectives of increasing student preparation, participation, and learning.     

The Risk of Banks Expanding Their Permissible Nonbanking Activities

Risk exposure is a central issue in the continuing debate over the wisdom of allowing bank holding comapanies to expand into nonbank activities. This paper examines the relation between bank holding company (BHC) risk and the composition of nonbank assets. The empirical evidence indicates that risk is negatively associated with the mix of BHC assets in permissible nonbank subsidiaries. The negative association between BHC risk and the mix of permissible nonbank activities appears to have positive implications for future deregulation.     

A disposable choice for hospital waste

"On-site incineration is becoming an increasingly important alternative for the treatment and disposal of institutional waste. Incineration reduces the weight and volume of most institutional solid waste by 90 to 95 percent, sterilizes pathogenic waste, detoxifies chemical waste, converts obnoxious waste (such as animal carcasses) into innocuous ash, and provides a substantial reduction in off-site disposal costs, making on-site incineration highly cost effective. Many systems have payback periods of less than one year. In addition, on-site incineration reduces the need to depend on off-site disposal contractors, which, in turn, minimizes potential exposures and liabilities associated with illegal or improper waste disposal activities." At this time, the hospital has found its best method for the treatment of infectious and noninfectious medical waste. It is not a perfect method, but all current technologies have limitations. There are several promisingly innovative approaches being pursued; however, they are only in developmental stages. "Winston-Salem, Forsyth Memorial Hospital is reducing infectious wastes ... with an innovative microwave system being used for the first time in the United States. Once the waste is run through the microwave system, the infectious content is destroyed. As a result, ninety percent of the hospital's infectious waste can be sent to the local landfill, which saves more than $200,000 a year in transport and disposal costs. The hospital hopes the $650,000 German system will pay for itself in three years." It is hoped that these new technologies will progress into reliable treatment options for medical waste during the 1990s. In the meantime, our hospital will continue to pursue refinements in its on-site operation, which is already providing cost savings, improved safety, and environmental benefits.