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In the News

Not enough taxation and too much representation
Amy Dean October 1, 2014

TCF fellow, Amy Dean has written an article for AlJazeera America about corporate tax inversions.

In Congress one of the hot issues is what, if anything, to do about corporate inversion, an increasingly popular tax avoidance strategy in which a U.S. corporation acquires a foreign company in order to move its headquarters abroad and pay a lower tax rate on its foreign earnings.

Since 2013, at least 14 U.S. corporations have relocated their headquarters abroad, according to Reuters, with 10 making the move this year alone. The most recent example is Burger King, which announced in late August that it would merge with the Canadian chain Tim Hortons and move its headquarters to Canada, which has a lower corporate tax rate than the U.S. does. That month the U.S. fruit company Chiquita Banana decided to move its headquarters to Ireland. The pharmaceutical company AbbVie moved abroad in June, and Pfizer is contemplating leaving behind its U.S. status.

Read the full article.

Crackdown on Apple in Ireland Opens Front on Tax Avoidance War
Edward D. Kleinbard October 1, 2014

TCF fellow Edward D. Kleinbard has been quoted in an article about Apple and tax avoidance on Bloomberg.

The European Commission’s crackdown on the deal between Irish tax authorities and Apple Inc. (AAPL) marks an expansion in the growing global war on tax avoidance by multinational companies. Governments that enable it are now a target.

Yesterday, the European Commission said the Irish tax authorities failed to conform to international guidelines when they “reverse engineered” an agreement with Apple to determine the company’s bills. The Commission also found problems with Luxembourg’s treatment of Fiat Finance and Trade Ltd, and a Commission review of Starbucks Corp.’s (SBUX) taxable profits in the Netherlands is expected shortly.

Read the full article.

Why so few sketchy bankers are behind bars
Robert C. Hockett October 1, 2014

TCF fellow Robert C. Hockett has been quoted in a CBS News article about the accountability of high-ranking bankers connected to the financial crisis.

When future historians write about Attorney General Eric Holder's tenure leading the U.S. Department of Justice, one topic sure to get much discussion is why no high-ranking bankers connected to the financial crisis received criminal charges. It's a question that legal experts say has no easy answer.

Under Holder's leadership, Justice has collected billions in fines through civil actions and has gotten two banks to plead guilty to criminal charges, but bringing charges against top Wall Street executives, which Holder says hasn't been ruled out, won't be easy.

Read the full article.

Arise Xchange - 30/09
Neil Bhatiya October 1, 2014

TCF policy associate, Neil Bhatiya has appeared on Arise Xchange to talk about the democracy protests in Hong Kong.

Watch the full interview - it begins at 12:52.

Why Have Policymakers Abandoned the Working Class?
Mark Thoma September 30, 2014

TCF fellow, Mark Thoma has written about why policymakers need to pay more attention to the working class, in an article for The Fiscal Times.

The risks associated with a negative economic shock can vary widely depending on the wealth of a household. Wealthy households can, of course, absorb a shock much easier than poorer households. Thus, it’s important to think about how economic downturns impact various groups within the economy, and how policy can be used to offset the problems experienced by the most vulnerable among us.

When thinking about the effects of an increase in the Fed’s target interest rate, for example, it’s important to consider the impacts across income groups. I was very pleased to hear monetary policymakers talk about the asymmetric risks associated with increasing the interest rate too soon and slowing the recovery of employment and output, versus raising rates too late and risking inflation.

Read the full article.

The silver lining in falling college enrollment
Mark Thoma September 30, 2014

TCF fellow, Mark Thoma has written an article for CBS News about college enrollment rates.

College enrollment "declined by close to half a million (463,000) between 2012 and 2013, marking the second year in a row that a drop of this magnitude has occurred," according to a report from the Census Bureau. And it's the largest two-year drop since Census began collecting enrollment data in 1966. Notably, the decline was concentrated in two-year colleges.

It is, of course, desirable to have a more educated population, particularly in an era of globalization and technological change that makes it harder for low-skilled workers to find good jobs. But the report also has a silver lining.

Read the full article.

Hold Students Accountable and Support Them
Richard D. Kahlenberg September 30, 2014

TCF senior fellow, Richard D. Kahlenberg has written a piece for EducationNext about rethinking the high school diploma.

When Congress passed the No Child Left Behind Act (NCLB) in 2001, the then-distant date of 2014 was the point at which we would reach educational nirvana and 100 percent of American students would be proficient in math and reading. The goal was never met because, as a fundamental matter, individual human variability makes 100 percent proficiency to a meaningful standard an impossibility. But there were other problems as well: NCLB did not itself provide sufficient incentives for students to work hard, as only teachers were held accountable for failure, and the legislation did not end the enduring inequalities of educational opportunity for low-income and minority students that underlie the achievement gap.

Read the full article.

Obamacare 2.0
Harold Pollack September 30, 2014

TCF fellow Harold Pollack argues that Medicaid should be expanded further in an article on Politico about the impacts of Obamacare.

On the ground, the Affordable Care Act is working better than one dared to predict upon its passage. Uninsured rates have declined. Spending growth is far below predicted levels. Quality indicators are improving. Hospitals are reporting sharply reduced rates of uncompensated care. Health insurance marketplaces are offering surprisingly affordable premiums, with dozens of new insurers signing on. The ACA has become a permanent part of the fabric of American life.

Read the full article.

Most people want to live past 75, but they haven’t given much thought to dying
Harold Pollack September 30, 2014

TCF fellow, Harold Pollack has been mentioned in the Wonkblog for his piece on living past 75 years of age.

There have been a couple of important developments in the past couple of weeks suggesting that maybe, just maybe, we can finally have a long-sought rational conversation about end-of-life care.

First, the influential Institute of Medicine issued a 507-page report recommending major reforms for how end-of-life care is provided. And then Ezekiel Emanuel, a well-known bioethicist and former Obama adviser, explained why he wants to die at the not-so-old age of 75. Emanuel's provocative essay has inspired a range of reactions, including on this blog, where University of Chicago professor Harold Pollack made his case for living longer.

Read the full article.

Scholar Zeke Emanuel says he wants to die at 75. Here’s why this author hopes to live.
Harold Pollack September 30, 2014

TCF fellow Harold Pollack has written an article for the Washington Post about living past 75 years of age.

I have spent much of my adult life trying to provide basic financial security for my wife and my children. I would end my life if it could only be prolonged by creating huge financial burdens—not because I will have lost my zest for living, but because I don’t want to defeat one of my life’s most important efforts. I would derive greater satisfaction using my wealth to help finance a grandchild’s education than I would rolling the dice on some uncertain chemotherapy for metastatic cancer.

Read the full article.

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A Smarter Charter: Book Release and Response
OCTOBER 7, 2014 AT 5:30PMJoin us on October 7 as we look more deeply at Smarter Charter and the ideals and limitations of charter school policy.

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A Smarter Charter: A Discussion with Richard Kahlenberg and Halley Potter
Monday, September 29, 2014 AT 5:30PMA conversation with Teachers College Press authors Richard D. Kahlenberg and Halley Potter.
The Delicate Balance: Media, Security & Freedom in a Post 9/11 World
Monday, September 22, 2014 at 6:00PMThe panel will also examine the upcoming Senate Intelligence Committee report on interrogations, the case of journalist James Risen, the continuing debate over Edward Snowden's release of NSA documents and whether transparency comes with a cost to our national security.
A Smarter Charter: Charter Schools and Public Education in New York
September 16, 2014 from 6:30 PM to 8:00 PMTogether with a panel of local educators and leaders, they will discuss how charter schools can best serve communities in Brooklyn and New York City.
2014 Intern Policy Forum Series
June 18, 2014 to July 23, 2014Calling all summer interns! Whether you’re in college, graduate school, or a recent grad, join The Century Foundation this summer for a series of stimulating conversations with experts across a wide variety of topics.
Lumina Ideas Summit: New Pathways to Higher Education Diversity
June 17, 2014 9:00 AM

This summit will reinforce the importance of racial and socioeconomic diversity in higher education, and identify new paths to achieving these goals relative to legal constraints recently determined by the U.S. Supreme Court.

The New Internationalism: Foreign Policy After Afghanistan and Iraq
Tuesday, June 17, 2014 from 8:00 AM to 1:30 PM (EDT)TCF fellow Michael Cohen joins other panelists to discuss foreign policy after the Afghanistan and Iraq wars. The American Conservative with The American Prospect and the Institute for Security and Conflict Studies are hosting the event in Washington, D.C.
Educational Justice and the Integration of America’s Schools
Wednesday, June 11, 2014, 12 p.m.-2 p.m. TCF senior fellow Richard Kahlenberg joins the Shanker Institute for a panel discussion marking the 60th anniversary of Brown v. Board of Education. Today, the promise of that historic decision remains unfulfilled. The progress made toward desegregating American schools has not simply stalled, but is increasingly being reversed across the nation. Today, New York schools are the most segregated in the nation.
Inequality Begins at Birth: Child Poverty in America
June 10, 2014 8:30 AM - 3:30 PMJoin TCF's newest fellow Jeff Madrick for a day-long event to discuss America's child poverty problem. The conference, Inequality Begins at Birth: Child Poverty in America, is sponsored by The Century Foundation’s Bernard L. Schwartz Rediscovering Government Initiative, the Roosevelt Institute and the Academic Pediatric Association. America’s child poverty rate, currently above 22 percent—the highest in the developed world—is one of the nation’s gravest social problems. On June 10, keynote speaker Senator Cory Booker and three panels of economists, policy experts, and child povertyactivists will come together to discuss solutions for helping the nation’s most vulnerable. Lunch will be provided. There will be a live web cast of the event. RSVP HERE.
Richard Kahlenberg speaks at National Institute for Staff and Organizational Development
May 27, 2014 11:45 a.m. - 1:00 p.m.TCF senior fellow Richard Kahlenberg will give a keynote lecture for the National Institute for Staff and Organizational Development. Hear from “best-in-class” general session keynote speakers and be inspired by their insights and advice. Gain valuable information from some of the brightest stars in education today as they share their experience and expertise.

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