The news comes as the currency fell to a fiveyear low but then recovered. Chairman of China Telecom has quit after an official investigation. He will be replaced temporarily by the chief operating officer. Authorities say chong was questioned about severe violations of discipline. That is code for corruption. Shanghai are being warned to stay indoors. The air is heavily polluted today. The particularys its were 10 times above the internationally safe level. Here is a quick check of the asian markets. Im cory johnson in for emily chang. You are watching bloomberg west. Failure which companies are best prepared for the digital future. How hollywood smashed the sales record for all time. Apple is paying 348 million to settle an italian tax bill. Apple had been accused of evading taxes over the span of five years by booking italian sales through its irish subsidiary. More favorable Corporate Tax rates. Each country where they do business. Explain this tax practice that that these yahoos at
More than 150 news bureaus across the world. Cory im cory johnson and this is bloomberg west. How do you say taxes in italian . Lets take a look at which companies are best prepared for the digital future. Dragaurs, droids, and racing. What smash the Box Office Sales record for all time. We will have the details. Million tog 340 settle its italian tax bill. Apple had been accused of evading taxes over five years by booking italian fayette sales. Hrough its irish subsidiary as part of a broader eu crackdown making multinationals pay with a oh in each country where they do business. Mark, explain this tax practice that apple followed. Essentially where they structure some of their sales through their irish the theory, which is not an in network in operation for apple. They have been operating in ireland since 1980 and are expanding their, but they sort tactic which is fairly common for a global apple where like they put the manager alan so they pay on irelands Corporate Tax rate which is
Into volunteering, lets persuade them with a very specific benefit. Our volunteering as a pathway to employment that was released this report released last year has given us some very good news. If you are unemployed and youre looking for work and volunteer, you increase the likelihood of gaining a job about 27 . If you dont have a high school diploma, that likelihood raises up to 51 . If you live in a Rural Community and looking for woerk, you increase the likelihood about 55 . Because so many of our young people in the age group of 18 to 24 are looking for work, in fact, theyre in the bracket with the highest unemployment rates of any age group, we need to find ways to get them connected to jobs. And i think with this case study, now, that luring them in through the volunteering is a really good way to do so. Its going to help them but also the communities they served. More hands and hearts to help those that serve. So thats the case. How do we do it . The president s task force on e
I would hope we have another round we can get into sort of what has worked because i am troubled sometimes by some of the conversation were having when they return to a given country what do we do . It almost sounds like deprogramming from a cult and i dont think thats going to work given the numbers. And so i would be interested in hearing from both of our witnesses about are there examples of things that have worked in a preventing people from going and unfortunately if we fail on that, helping to reintegrate them in a genuine successful way when and if they come back. Thank you, mr. Chairman. I know my time super. Chair recognizes is gentleman from california, colonel cook. Thank you, mr. Chair. Ambassador, i wanted to ask you about the role of hamas and the Muslim Brotherhood in terms of perhaps facilitating the information on people recruitment and some of the smuggling activities, if you had any insight at all from a diplomatic standpoint. Specifically i do not, sir, no. No perso
Thanks for the lookahead. Tomorrow, the u. S. National intelligence chair will talk about changing National Security needs. The event is hosted by the Atlantic Council and live coverage begins at 5 00 p. M. Eastern on cspan 3. Next, a forum examines how to get citizens more involved in their communities. After that, discussion concerning crimereducing programs that offer alternative incarceration. Then, q a. Civic business and education leaders talk about activism and corporate responsibility. During the event, retired general Stanley Mcchrystal is recognized for his service and just how to get involved in the community. It is about two hours and 40 minutes. And now, ladies and gentlemen, please rise for the national anthem. By the say, can you see, dawns early light, what so proudly we hailed at the twilights last gleaming brought stripes and bright stars through the perilous night watched ramparts we were so gallantly streaming red glare, the bombs bursting in air night and through t