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The Hill's Congress Blog: "Bipartisan international tax reform should not cross red lines"

07/21/2015

The Hill's Congress Blog: "Bipartisan international tax reform should not cross red lines"

PHOTO: Senator Chuck Schumer (D-N.Y.) REUTERS/Joshua Roberts

The Senate Finance Committee recently released a series of bipartisan working group reports on tax reform, writes Philip G. Cohen, an associate professor of Taxation at Pace University Lubin School of Business and a retired vice president-Tax & General Tax counsel at Unilever United States, Inc. One of the papers, The International Tax Bipartisan Tax Working Group Report, reflected the work of a group of Senate Finance Committee members whose co-chairs are Sens. Rob Portman (R-Ohio) and Charles Schumer (D-N.Y.).

Especially with this Congress, efforts at bipartisanship should generally be applauded. Just as with international agreements, however, with respect to tax reform, it is important that critical red lines not be crossed. No deal is better than a bad deal. Furthermore, enacting international tax reform in a vacuum, i.e., without a simultaneous reduction in the overall corporate rate reduction, would open a Pandora's box with regard to shifting jobs and income offshore.

Read more: http://thehill.com/blogs/congress-blog/economy-budget/248214-bipartisan-international-tax-reform-should-not-cross-red

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New York Daily News: "Amazon's Prime Day a 'huge success' despite social media complaints, company says"

07/21/2015

New York Daily News: "Amazon's Prime Day a 'huge success' despite social media complaints, company says"

. . . “Amazon is the overwhelming No. 1 choice for most trusted e-commerce brand, and that level of trust is so high, consumers are willing to cut it some slack,” Larry Chiagouris, a professor of marketing at Pace University’s Lubin School of Business in Manhattan, told the Daily News.

“But if their deals aren’t impressive going forward, they could end up losing that goodwill. At some point, these wonderful deals won’t be perceived as being so wonderful.”

Read more: http://www.nydailynews.com/news/national/amazon-prime-day-huge-success-d...

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Newsday: "Letter: Training sites lacking for nurses"

07/17/2015

Newsday: "Letter: Training sites lacking for nurses"

While I support writer Patricia Morton's idea to create "entrepre-nurses," she failed to include a significant part of the nursing shortage puzzle: insufficient clinical placement sites for student learning ["Creating entrepre-nurses," Opinion, July 6].

Without addressing this critical barrier to admitting larger numbers of both undergraduate and graduate nursing students, entrepreneurial efforts will not solve the problem. We need to expand the opportunities and accelerate the education process to prepare nurses to obtain the doctoral credentials necessary to address the national faculty shortage.

Harriet R. Feldman, Bellmore

Editor's note: The writer is a registered nurse and dean of the Pace University College of Health Professions and the Lienhard School of Nursing.

 

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Associated Press: "Shoppers disappointed in much-hyped 'Prime Day' sales"

07/16/2015

Associated Press: "Shoppers disappointed in much-hyped 'Prime Day' sales"

. . . Larry Chiagouris, marketing professor at Pace University, said if people get disillusioned with Amazon's sales announcements they won't trust future sales. "They haven't damaged the trust people have in the overall Amazon brand, but they have done major damage to the credibility of sales announcements going forward," he said. "People are going to get numb to sale announcements and they'll no longer provide the traffic kick start they're designed to."

Read more: http://www.usnews.com/news/business/articles/2015/07/15/shoppers-disappointed-in-much-hyped-prime-day-sales

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The Hill's Congress Blog: "Dodd-Frank legislation has expanded federal control of banks"

07/14/2015

The Hill's Congress Blog: "Dodd-Frank legislation has expanded federal control of banks"

The Federal Reserve ordering Banco Santander SA to change the way the board of directors oversees the management and operation of its U.S. subsidiaries is one of the first and most meaningful examples of the expansion and extension of the Dodd-Frank legislation beyond external compliance policies, procedures and implementation by regulators, writes John Alan James, a professor at Pace University’s Lubin School of Business and chairman emeritus of its Center for Global Governance, Reporting and Regulation.

Dodd-Frank legislators established a new meaning to U.S. administrative law procedures. Passed in a fury of debate, the huge 2,000 page legislative document was left to the regulators to interpret and administer. To date, slightly more than half of the mandates defined in the law have resulted in specific regulatory positions such as the Volcker rule and the ‘living will’. However, in the development process since 2010, the regulative bodies including the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission have broadened the intent of the basic law to allow examination and criticism and penalizing of specific units within a business, and more recently specific managerial and executive positions.

Read more: http://thehill.com/blogs/congress-blog/247582-dodd-frank-legislation-has-expanded-federal-control-of-banks

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San Francisco Chronicle: "How ‘Amazon factor’ killed retailers like Borders, Circuit City"

07/14/2015

San Francisco Chronicle: "How ‘Amazon factor’ killed retailers like Borders, Circuit City"

When Amazon.com sold its first book 20 years ago this week, Borders Books & Music had a thriving retail empire generating about $1.6 billion a year in sales.

Today, Borders is nothing but a memory, ushered to the grave by an e-commerce revolution led by Amazon. And Borders is not alone — in the same figurative corporate graveyard are tombstones for the likes of Tower Records, Good Guys and Circuit City.

It’s not that Amazon became a one-company juggernaut that laid waste to the world’s retail landscape. Over the years, the Seattle company has struggled to generate profit. But Amazon changed the way that people shop. Now, instead of just considering in-store sales or discount coupons, shoppers routinely ask themselves, “I wonder if I can get this cheaper online?”

That’s the “Amazon factor,” said Larry Chiagouris, professor of marketing at Pace University’s Lubin School of Business in New York.

“No business goes out of business due to one competitor. It’s usually due to a combination of factors,” Chiagouris said. “But the Amazon factor became a major factor in those businesses gradually going out of business, from bookstores to record stores to electronics stores. They are a category killer.”

Read more: http://www.sfchronicle.com/business/article/How-Amazon-factor-killed-retailers-like-6378619.php?t=01eb5845ed

 

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E-Commerce Times: "Microsoft's New Groove"

07/13/2015

E-Commerce Times: "Microsoft's New Groove"

. . . At the very least, Windows 10's suite of entertainment apps appear to be a step in the right direction, remarked Darren R. Hayes, assistant professor and director of cybersecurity at Pace University's Seidenberg School of CSIS.

"If its Groove music, video and TV services, and Xbox can gather some momentum, then they might actually give Apple and Google a run for their money," he told the E-Commerce Times.

Still, the market for streaming services is so heavily saturated with free offerings that Groove and Apple Music may be hard sells for Microsoft and Apple, Hayes pointed out.

Read more: http://www.ecommercetimes.com/story/82249.html

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Miami Herald: "Behemoths at sea: Cruise ships getting bigger, packing more passengers"

07/13/2015

Miami Herald: "Behemoths at sea: Cruise ships getting bigger, packing more passengers"

. . . Andrew Coggins, a clinical professor of management at Pace University’s Lubin School of Business, said cruise companies save on the most highly paid shipboard personnel such as captain, hotel manager and chief engineer with large ships.

“If you have, say, three 2,000-passenger ships, you have to have three of each of them,” he said. “And if you have one 6,000-passenger ship, you only have to have one of each.”

Read more: http://www.miamiherald.com/news/business/biz-monday/article27098413.html

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New York Business Journal: "Pommes Frittes tries to rebuild with a little help from Uber-competitor Gett"

07/10/2015

New York Business Journal: "Pommes Frittes tries to rebuild with a little help from Uber-competitor Gett"

. . . Bruce Bachenheimer, executive director of the Entrepreneurship Lab at Pace University, says the rise of the Internet is fostering these co-marketing ventures. “When your only options to promote such partnerships were expensive television, radio or newspaper ads, it wasn’t really a viable proposition,” he says.

Read more: http://www.bizjournals.com/newyork/news/2015/07/10/pommes-frites-gett-business-cooperation.html

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East Hampton Star: "History as a Beach Read"

07/09/2015

East Hampton Star: "History as a Beach Read"

Writing a history book about four centuries of Long Island’s East End is rather like squeezing 12 adult humans into the trunk of a Maserati — it is going to be a tight fit. Marilyn E. Weigold, a professor who teaches at Pace University in the department of economics, history, and political science, has chosen to let the blue waters of Peconic Bay form the matrix for an engrossing collage of folklore and facts that tells an abbreviated but well-curated episodic history of Long Island’s eastern forks.

Read more: http://easthamptonstar.com/Books/2015709/History-Beach-Read

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