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Law360: "Record Inversion Deal Shows Pfizer Unfazed By New Rules"

11/24/2015

Law360: "Record Inversion Deal Shows Pfizer Unfazed By New Rules"

. . . The IRS has acknowledged in its notices on inversions that it only has the power to go so far, putting the ball in Congress’ court to take action on preventing U.S. corporations from hunting for deals that allow them to slash their U.S. corporate tax bills.

One way to do so would be to reduce the threshold of U.S. shareholders and incorporate rules surrounding where the bulk of the company is managed and operates, explained Philip Cohen, a professor in the legal studies and taxation department of Pace University’s Lubin School of Business and a retired vice president of tax and tax general counsel to Unilever U.S.

“I think that when a company is inverted and continues to have substantial U.S. owners, 50 percent or more, then I think legislation should be enacted to treat that company as a U.S. company,” he said.

But the rules still fail to address earnings stripping, one of the most broadly used loopholes when it comes to trimming a company’s U.S. corporate tax bill, Cohen noted.

Read more: http://www.law360.com/articles/730636/record-inversion-deal-shows-pfizer-unfazed-by-new-rules

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HuffPost Live: "Instagram, Finstagram, Rinstagram...Why All Three?"

11/24/2015

HuffPost Live: "Instagram, Finstagram, Rinstagram...Why All Three?"

Leora Trub, Assistant Professor, Pace University, was a guest on HuffPost Live.

A new trend is emerging where teens create a second Instagram account, called Finstagram, in order to post “real” and unfiltered pictures. But why do teens feel like they must be perfect online and separate their accounts in the first place?

 

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TechNewsWorld: "Is This VR's Mainstream Moment?"

11/24/2015

TechNewsWorld: "Is This VR's Mainstream Moment?"

. . . the benefits better be worth the asking price, said Larry Chiagouris, professor of marketing at Pace University's Lubin School of Business.

"The greater the benefits, the more that the cost becomes less of an obstacle," he told TechNewsWorld. "Samsung will have to prove that this is more than a gimmick for a select few consumers, and that most consumers can benefit from the technology. Thus far, VR has been around a few years now, and the combination of industry players have not yet demonstrated the benefit."

Read more: http://www.technewsworld.com/story/Is-This-VRs-Mainstream-Moment-82791.html

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Washington Post: "How Obamacare helped millennials chill out"

11/24/2015

Washington Post: "How Obamacare helped millennials chill out"

If you're a young person right out of college, you might not be quite sure what to do with your life yet. You might want to spend more time figuring that out, but you can't afford to take a break from work to do so, because you need health insurance — and having a job is the only way to get it.

That was the situation for Americans between the ages of 19 and 26, 30 percent of whom didn't have health insurance before 2010, when the Affordable Care Act went into effect. Although young people have been slow to sign up on their own, insurance plans have to cover dependent children through age 26, resulting in increased coverage— and a lot more young people who don't necessarily have to work in order to have access to health care. New research suggests that some of those young people are taking advantage of the newfound freedom, and are feeling pretty good about it.

The study, from Gregory Colman of Pace University and Dhaval Dave at Bentley University, uses American Time Use Survey data to figure out how people in different age brackets shifted the composition of their day between 2003 and 2013. It finds that as the number of young people on their parents' health plans has grown, a few of them— less than five percent — have also dropped out of the workforce.

Read more: https://www.washingtonpost.com/news/wonk/wp/2015/11/21/how-obamacare-helped-millennials-chill-out/

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Financial Management Network: "Meeting the New Challenges of Financial Reporting"

11/19/2015

Financial Management Network: "Meeting the New Challenges of Financial Reporting"

Leslie F. Seidman, Executive Director of the Center for Excellence in Financial Reporting at the Lubin School of Business at Pace University, was recently interviewed on the Financial Management Network in a segment called, “Meeting the New Challenges of Financial Reporting.” 

See the video: https://mediaspace.pace.edu/media/Meeting+the+New+Challenges+of+Financial+Reporting/1_gqq99xj6/35658411

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Financial Executives International Daily: "Communications, Relationships Key to Audit Committee Success"

11/19/2015

Financial Executives International Daily: "Communications, Relationships Key to Audit Committee Success"

. . . Leslie Seidman, former FASB chair, a director at Moody’s Corp., and executive director of the Center for Excellence in Financial Reporting at Pace University, said she would advise controllers to update committee members on issues that were discussed at the previous meetings, new issues that have emerged or may be expected, and the resolution of important matters highlighted at previous meetings.

“What I don’t want to see is, every quarter, the same critical accounting estimates,” Seidman said. “I want to see issues, past or brewing, and we can decide whether they’re critical because we might have different points of view about the level of judgment that’s required.”

Read more: http://daily.financialexecutives.org/communications-relationships-key-to-audit-committee-success/

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New York Times: "On Fake Instagram, a Chance to Be Real"

11/19/2015

New York Times: "On Fake Instagram, a Chance to Be Real"

. . . More than half of the 92 percent of teenagers ages 13 to 17 who go online daily use Instagram. While young people of every generation have struggled with how to project their identities onto the greater world, teenagers of 2015 arguably have it worse. Given the pervasiveness of social media, the feedback mechanism never shuts down.

“Before, while you were sleeping, you were sleeping,” said Leora Trub, an assistant professor of psychology at Pace University and a clinical psychologist who works with adolescents and young adults. “Nobody was judging you, and you weren’t waking up to an entire other self that existed in this online space that’s being commented on.”

Dr. Trub supervised the research on a study that found a link between the number of strangers that Instagram users follow and the possibility that they experience depressive symptoms, such as fearfulness, loneliness or fatigue.

Read more: http://www.nytimes.com/2015/11/19/fashion/instagram-finstagram-fake-acco...

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Computerworld: "U.S. may be financing encryption apps to stay ahead of terrorists"

11/19/2015

Computerworld: "U.S. may be financing encryption apps to stay ahead of terrorists"

The U.S. government's financial support for the development of smartphone encryption apps doesn't surprise security experts.

U.S. intelligence agencies are probably involved in funding commercial encryption apps through the government's Open Technology Fund to stay on top of terrorists and organized criminals that use encryption to cloak their communications, several security experts said Wednesday.

"It would not surprise me if federal agencies were funding encryption apps because it is possibly the only option available to monitor terrorism and organized crime," said Darren Hayes, assistant professor and director of cybersecurity at Pace University. "ISIS members have been actively pushing potential recruits to move to encrypted communications."

Read more: http://www.computerworld.com/article/3006270/encryption/us-may-be-financ...

 

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U.S. News: "Determine How Long It Will Take to Earn an Undergrad Degree Online"

11/19/2015

U.S. News: "Determine How Long It Will Take to Earn an Undergrad Degree Online"

. . Figure out if any college credit can be applied toward the degree: Students will need to go through a transfer credit evaluation to determine if any previous college coursework will be accepted at the new institution, says Christine Shakespeare, assistant vice president of continuing and professional education at Pace University.

And there may be a limit on the amount of credits that can be applied, she says.

Read more: http://www.usnews.com/education/online-education/articles/2015/11/18/determine-how-long-it-will-take-to-earn-an-undergrad-degree-online

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CNBC: "Square's place in a crowded mobile payments market"

11/19/2015

CNBC: "Square's place in a crowded mobile payments market"

. . . requiring additional hardware to transfer funds could limit companies' expansion as payments processors, said Darren Hayes, a professor at Pace University's Seidenberg School of Computer Science and Information Systems in New York.

Case in point: Apple is reportedly in talks with banks about its own person-to-person payments system, according to a report in The Wall Street Journal.

"The fact that there is no additional hardware with Apple's new [person-to-person] payment system will make it more attractive than other payment systems, like Square," Hayes said.

Read more: http://www.cnbc.com/2015/11/17/squares-place-in-a-crowded-mobile-payments-market.html

 

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