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The use of corporate aircraft has increased as businesses place more value on ease of mobility. The bonus depreciation incentives of 2002 and 2003 provided growth opportunities for the general aviation market by allowing accelerated depreciation deductions for the purchase of new corporate aircraft. These incentives allowed more than twice the traditional MACRS allowance for depreciation for the first year of operation of an asset, but the present value of the tax savings after the full depreciable life of the corporate aircraft only generated a 3.25 percent reduction in the after-tax-cost. This study documents that the bonus depreciation incentives did not generate significant growth in the general aviation aircraft market via increased production of aircraft. These incentives may have simply slowed the recession that might have taken place in this industry otherwise. However, the incentives in this study did play a significant role in determining which type of aircraft to purchase, piston or turbine.

This chapter is intended to present the onset, evolution, and decline of Compañía Minera El Zancudo, considered the largest Colombian company in the nineteenth century. Additionally, the chapter will examine its role in both the development of manufacturing industries and the introduction of modern capitalism in the country.

The case is based on secondary information collected according to a documentary research method in which the authors selected, categorized, interpreted, and confronted different sources concerning El Zancudo.

The inception and evolution of El Zancudo involved local and foreign knowledge, techniques, and capital investments that contributed to the company growing to the point of reaching the unprecedented figure of 1,350 workers in the year 1890. Its transition from a failed local mine to a prosperous and intricate business group is full of referrals and links to foreign investment, knowledge transfer, industrial development, and an orientation toward entrepreneurship that contributed to the understanding of subsequent enterprises not only in the Antioquia region but also across the entire country.

This case study was written using limited reliable secondary sources about El Zancudo. Other significant Colombian companies in the nineteenth century (Ferrería de Pacho, Ferrería de Amagá, Empresa Textilera de Samacá, and Cervecería Bavaria) and their links to El Zancudo were mentioned but not deeply analyzed in this chapter.

The clear-cut causes that led El Zacudo to close its operations within the first decades of the twentieth century are worthy of discussion, not only by scholars and business practitioners, but also by policy makers in order to understand the phenomenon and possibly prevent existing companies from failing in a similar manner.

This case brings together the scattered literature on El Zancudo and analyzes the drivers and consequences of both its rise and fall, taking into consideration the specific historical, political, and economic contexts, furthermore, it establishes some linkages between this case and other companies under similar situations.

During the 2020 election cycle, 2,276 super PACs spent over $2.1 billion in federal elections. This chapter argues that changes made to the US campaign finance system brought about by the Citizens United v. FEC (2010) and SpeechNow.org v. FEC (2010) cases have destabilized the American political system by fueling tensions between right-wing and left-wing populist factions and by contributing to congressional corruption. By moving away from the political corruption standard and toward the free speech standard in Citizens United, polarizing wealthy mega-donors and dark money sources have come to play a dominant role in congressional elections. These cases also helped to contribute to a two-tiered campaign finance regulatory structure that distinguishes between campaign contributions given directly to federal candidates and political money contributed to super PACs to support or oppose federal candidates. In the 2020 congressional elections, PACs and super PACS outspent both major party candidates combined in 35 House and Senate races. Super PACs are serving as “shadow parties” by targeting competitive races for the purpose of swaying partisan control of Congress. This study also shows that an exceedingly high percentage of super PAC money is spent on negative advertising that further divides rather than unifies the nation. This chapter also highlights the corrupting influence of congressional leadership PACs and examines how super PACs have enabled foreign and dark money sources to illegally influence congressional campaigns.

Purpose – Although recent work has made significant contributions to our theoretical understanding of white fragility, more empirical work is needed to establish the social causes of this particular form of racial stress. Our chapter builds on previous research by assessing gender and socioeconomic variations in white fragility.

Methodology/Approach – Data come from the 2018 Survey of White Fragility, a convenience sample of 279 non-Hispanic white undergraduate students aged 18 years and over attending two large public universities in the southeastern and southwestern United States.

Findings – Results indicate that women tend to exhibit higher levels of remorse fragility (feeling sad, guilty, and angry). There were no gender differences in depletion fragility (feeling drained/exhausted, unsafe, attacked, and confused). Parental education was unrelated to levels of white fragility. Overall parental socioeconomic status was initially associated with lower levels of remorse and depletion fragility, but these associations were confounded by a general measure of nonspecific psychological distress.

Research Limitations/Implications – Research limitations include a nonprobability sampling design and low external validity.

Originality/Value of Paper – This study contributes to previous work by establishing gender variations in white fragility. We also reveal that socioeconomic variations in white fragility may be confounded by the broader social distribution of psychological distress.

Purpose – The purpose of the chapter is to sketch the historical and evolutionary development of the Wichita Aircraft Manufacturing Cluster from inception to present and provide a descriptive narrative of aircraft industry knowledge spillovers currently driving effort to establish a Medical Device Manufacturing Cluster. The chapter illustrates how carbon-fiber composite materials knowledge and technology developed for use in the aviation industry is facilitating the creation and growth of medical device manufacturing.

Methodology/approach – We use an historical case study approach to trace the development of the aircraft cluster in the Wichita, KS metropolitan area. A number of technologies are identified that had initially been adopted by one firm but eventually diffused through other firms in the local cluster and ultimately throughout the industry.

Findings – In addition to providing examples of within industry knowledge spillovers, we provide an example of technology-based knowledge that is diffusing through the aircraft manufacturing industry and is now being used as the basis for establishing an unrelated industry manufacturing cluster. The use of carbon-fiber composites in aircraft manufacturing has diffused from one manufacturer to many in the industry. Subsequently, the knowledge base surrounding carbon-fiber composite materials is being used in a local R&D effort to create a second manufacturing cluster producing medical devices ranging from surgical instruments to joint-replacement implants.

Originality/value of paper – The chapter illustrates a unique example of a manufacturing cluster, intra-industry knowledge spillovers, and inter-industry knowledge spillovers to create a new manufacturing cluster.

Since the onset of the industrial revolution in England during the late 18th century, it has become increasingly clear how advances in technology have played a pivotal role in delivering wealth-creating economic growth, ranging from major advances in the generation of industrial power, initially through steam engines (e.g. successively by Nucomen, Watt and Trevithick), to the design of labour saving industrial machinery and working practices (Smith, 1776; Marx, 1867; Solow, 1957; Denison, 1967; Mansfield, 1968; Freeman, 1982). These advances have not merely resulted in industrial progress but have triggered changes in industrial location (e.g. water powered to coalfield sites in the cotton textile industry) (Riley, 1973), dictated population distributions and fixed the positions of major industrial cities within national and world regions. Indeed, perhaps, the most ambitious attempt to establish the major impact of revolutionary technological change on macro-level industrial performance was the explanation by Schumpeter of Kondratiev's ‘long wave’ industrial cycles (Kondratiev, 1925) in which upswings in world economic activity were linked to the introduction of pervasive new technologies caused by their ability to reduce unit prices, increase efficiency and be broadly applicable across large sectors of industry (e.g. stream and electric power) (Schumpeter, 1939; Freeman, 1986).