Improvement in 2013 in relations between china and south korea, i think really has taken a lot of broader risk out of the north korea crisis. The north korea crisis would clearly be a big challenge for south korea, but i think the fear always was that the Korean Peninsula could really be a focal point for a broader International Crisis. And i think thats really gone way, way down. Jack wilson. Hi, jack goldstone, George Mason University and brookings. Want to pick on something that david said. 2013 had a lot of crises, but nonetheless we saw quite a lot of resilience. Despite the fact that debt ratios in europe went up for a lot of angle states, the euro crisis faded because of coordination and ecd. Syria, the war got worse, but oil prices didnt spike because of the global process on fracking and the ability of the u. S. And russia to surprisingly work together. So my question is, given what you said about crises and in particular spots coming forward, what do you see about the resilie
Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
Opportunities in communities big and small. Charter is connecting us. Charter communications supports cspan as a Public Service alg with these other Television Providers giving you a front row seat to democracy. Principal chief testifies at a congressional hearing examining the procedural steps needed to have a Cherokee Nation delegate to become a member of the house of representatives. This runs about two hours. The rules committee will come to order. Americas history with the Indigenous People that are native to this land is atrocious. Theres no other way to put it. Its appalling. Thankfully its becoming common to acknowledge this publicly whether that means recognizing native American Heritage month or pointing out that this capital is built on the stolen landnd of people who lived along the Potomac River long before this country existed. But the truth is that simply acknowledging this truth is not enough. Words alone dont absolve off of the injustices brought on the communities at
Topic last month and outofcontrol wildfire was burning a half a mile away from the Nuclear Plant. Those of the people of california. Millions and millions of them. This is it. This plant is asking for a waiver so they dont have to deal with any type of emergency response. My concern about nrcs commitment to identifying and remedy safety problems is highlighted by my investigation into the installation of defective equipment. I learned that the nrc staff was preparing to allow the restart of one of the reactors before it had received a single answer to any of the technical safety questions it asked Southern California edison to submit. Continuing the pattern of doing everything that you are asked to do by the industry. This oversight investigation that i am conducting is important, not only to get to the bottom of this problem, but to avoid disastrous problems like this in the future. I am also concerned that whistleblowers at nrc fielded have no recourse but to Contact Congress to repo