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E-Commerce Times: "Facebook Rolls in Mobile Ad Dough"

07/25/2014

E-Commerce Times: "Facebook Rolls in Mobile Ad Dough"

. . . Competition from other players and unrealistic expectations could burst the bubble for Facebook, Larry Chiagouris, a professor of marketing at Pace University, told the E-Commerce Times.

"I suspect that expectations [for Facebook] were not set as high as they might have been based upon previous performance and now, of course, it's exceeding expectations," Chiagouris continued. "It will be interesting to see what happens in the next quarter."

- See more at: http://www.ecommercetimes.com/story/Facebook-Rolls-in-Mobile-Ad-Dough-80785.html#sthash.BSFSKRam.dpuf

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The Hill's Congress Blog: "Congress must put the interest of the American people first"

07/24/2014

The Hill's Congress Blog: "Congress must put the interest of the American people first"

There have been in the last few months a plethora of U.S. companies that have announced plans to engage in an inversion transaction, writes Philip G. Cohen, a professor in the Legal Studies and Taxation Department of Pace University's Lubin School of Business and a retired Vice President-Tax & General Tax Counsel for Unilever United States, Inc. Probably the most famous one involved Pfizer Inc.'s attempt to acquire AstraZeneca PLC with the merged parent company to be incorporated outside the U.S. While AstraZeneca rebuffed Pfizer, other transactions are being undertaken or being actively considered.

On July 18, AbbVie Inc. announced it had agreed to buy Irish pharmaceutical company Shire PLC in a $54 billion deal that would result in the parent company incorporated in the U.K. dependency of Jersey, a small island and tax haven in the English Channel. The combined company would be one of the 50 largest companies in the world. Medtronic Inc., a $60 billion medical device company, announced last month its plan to relocate its place of incorporation outside the United States in conjunction with its acquisition of Coviden PLC. Walgreen Co., the giant U.S. drug retailer, is also reported to be considering an inversion in conjunction with exercising its option to acquire the 55 percent of a Swiss entity Alliance Boots GmbH that it doesn't currently own.

An inversion transaction involves a U.S. incorporated company becoming a foreign incorporated company that is generally continued to be managed in the United States. It's undertaken to address a provision in the Internal Revenue Code that determines whether a company will be considered to be domestic by virtue of the entity's place of incorporation.

U.S. incorporated companies are subject to tax on income earned anywhere in the world although active non-U.S. earnings of foreign subsidiaries are generally not taxed until repatriated back to the U.S. parent company. If the parent company is considered foreign for U.S. income tax purposes, it will still pay U.S. income tax on earnings from its U.S. activities but will be able to avoid tax on foreign earnings. Furthermore, the inverted companies will also have available techniques to reduce tax on its U.S. operations by, e.g., paying interest and royalties to its new foreign parent company or other low taxed foreign group members. These techniques are presently available to traditional foreign companies with U.S. operations.

Internal Revenue Code section 7874 currently provides that in general if at least 80 percent of the stock of a former U.S. company is owned by the former shareholders of the inverted company, the company is treated as a U.S. corporation for U.S. income tax purposes. To avoid this provision, inversion transactions are currently being structured so that shareholders of the foreign target company hold more than 20 percent of the merged company.

Inversion transactions are legal, and CEOs have a primary responsibility to act in the best interest of their shareholders. Since inversion transactions can be structured legally under current law and may substantially increase after-tax earnings, they need to be considered by corporate management.

Some members of Congress, especially Republicans, have argued that the answer to inversion transactions is to undertake as part of fundamental tax reform, territorial taxation pursuant to which active foreign earnings become exempt from U.S. taxation. Some refer to inversions as self-help territorial taxation. While adopting territorial taxation would do away with the need to undertake the transaction, it could also lead to further increased migration of good jobs, facilities and taxable income from the U.S.


 

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U.S. News: "Decipher the True Cost of Your Online Degree"

07/21/2014

U.S. News: "Decipher the True Cost of Your Online Degree"

. . . Kathy Hughes, an online undergraduate student at Pace University, showed similar initiative when she was comparing the duration and cost of possible online bachelor's programs.

"I went to every single tab on the whole Pace website, and I printed screen shots," says Hughes, a government public safety worker living on Long Island. "I had everything in front of me before I even contacted the school."

Hughes, who had completed an associate degree, also made sure she knew just how many credits Pace would accept. She says it's important for students to know that information before they enroll so they can compare the costs at different schools.

"Have a really good idea of what you've taken and what your grades were," says Hughes, who was able to begin her time at Pace as a junior due to the transfer credits the school accepted.

Read more: http://www.usnews.com/education/online-education/articles/2014/07/18/decipher-the-true-cost-of-your-online-degree

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New York Post: "Fight over Dodd-Frank lingers years after its passage"

07/21/2014

New York Post: "Fight over Dodd-Frank lingers years after its passage"

. . . “I see this as a huge political battle,” John Alan James, chairman emeritus at the Center for Global Governance, Reporting and Regulation at Pace University, told The Post.

Although the bill is likely to stall in the Democratic-controlled Senate, if Republicans win enough votes this November to gain control of the chamber, they could revive efforts to de-fang Dodd-Frank, according to James.

Read more: http://nypost.com/2014/07/20/fight-over-dodd-frank-lingers-years-after-its-passage/

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NewsFactor Network: "Are Nadella's Historic Layoffs Best for Microsoft?"

07/21/2014

NewsFactor Network: "Are Nadella's Historic Layoffs Best for Microsoft?"

. . . Jonathan Hill, an associate dean of Pace University’s Seidenberg School of Computer Science and Information Systems in New York, said though many technology “power users” have lost top of mind awareness for Microsoft, the company’s products including Skype, Xbox and, of course, Office are in consumers’ hands every day.

“Perhaps more critically, Microsoft’s backend cloud computing and coding tools including SQL Server, Visual Studio and Windows Azure run many of the apps that consumers and businesses depend on,” he said. “Nadella’s changes are part of an ambitious and long overdue revamp of what is clearly a healthy company with a strong foundation of core products and growing revenues.”

Read more: http://www.newsfactor.com/story.xhtml?story_id=102007YXGQ80

 

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New York Times: "The Long Journey of ‘The Visit’"

07/21/2014

New York Times: "The Long Journey of ‘The Visit’"

. . . To work away from prying eyes, Mr. Doyle asked Mr. Kirdahy and the show’s creators if he could do a workshop with musical-theater students at Pace University, where Mr. Doyle was an artist in residence. The April workshop convinced him to that it would be best to stage “The Visit” in one act to build momentum and emphasize its roots as a parable.

It also allowed him a chance to test out one of his bolder ideas: bolstering the presence of the young Claire and Anton, underscoring the love story beneath the bitterness. In the first two productions, the young lovers showed up in flashbacklike sequences. But in his version, “they’re omnipresent,” Mr. Doyle said.

Read more: http://www.nytimes.com/2014/07/20/theater/the-long-journey-of-the-visit....

 

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Downtown Express: "Pace students find traffic problems on William St."

07/21/2014

Downtown Express: "Pace students find traffic problems on William St."

. . . Twenty-four Pace University students conducted a traffic safety survey in their spring urban planning class and presented it this month to Community Board 1’s Financial District Committee.  The survey showed numerous traffic violations, eroding crosswalk and vehicle stop lines and dilapidated or confusing street signs along William St. and Nassau St. in the Financial District.

Michael Levine, the students’ professor and Community Board 1’s planning consultant and an urban planning professor, presented the survey at the meeting.  It was initiated at the request of concerned board members who have witnessed frequent accidents in the seven intersections the survey studied — along William St. where it crosses at Beaver St., Liberty St., John St. and Maiden Lane and along Nassau St. where it crosses at Maiden Lane, Beekman St. and Spruce St.

Read more: http://www.downtownexpress.com/2014/07/17/pace-students-find-traffic-problems-on-william-st/

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Brooklyn Reader: "STEAMing Towards Solutions for Gentrification Through the Eyes of Our Youth"

07/14/2014

Brooklyn Reader: "STEAMing Towards Solutions for Gentrification Through the Eyes of Our Youth"

DIVAS (Digital Interactive Visual Arts Sciences) for Social Justice launched STEAM (Science Technology Engineering Arts Math) Camp last week for the second year in a row. The theme this year for the camp is the issue of gentrification in Bedford Stuyvesant. Youth ages, 7-12 enrolled in the camp are exploring the issue of gentrification through the mediums of digital media, robotics, 3-D printing, statistics and data visualization. DIVAS kicked off the camp at Pace University.

Read more: http://www.bkreader.com/2014/07/steaming-towards-solutions-for-gentrific...

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Journal News: "IBM's $3 billion chip investment could deliver jobs to Westchester County"

07/11/2014

Journal News: "IBM's $3 billion chip investment could deliver jobs to Westchester County"

. . . Amar Gupta, dean of the Seidenberg School of Computer Science and Information Systems at Pace University said it's too soon to say if any new jobs will come to Westchester, but he said the announcement bodes well.

"My sense is that this work will be done in many places, a significant amount of it in New York City and Westchester," said Gupta, noting that Pace's Pleasantville campus has internship, teaching and career-development relationships with IBM.

Read more: http://www.lohud.com/story/news/2014/07/10/ibm-chip-research-westchester-county-jobs/12489415/

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Westchester County Business Journal: "Pace University to host regulatory compliance program"

07/10/2014

Westchester County Business Journal: "Pace University to host regulatory compliance program"

. . . “Our CCRP Program is designed to be unique and comprehensive, with participants from banks, brokerages, asset management and trading firms, and supporting professions including law and consulting firms,” said Robert J. Chersi, the former chief financial officer of Fidelity Investments who was recently named executive director of the Center for Global Governance, Reporting and Regulation at Pace’s Lubin School of Business.

Read more: http://westfaironline.com/64109/pace-university-to-host-regulatory-compl...

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