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A look at Fairbury history from the pages of The Blade

Feces containment operation. >> oh, savannah. she knows how to crystallize things. coming up, starbucks ceo harold shultz will be with us to discuss a new education initiative with "morning joe." stay right here. we'll be right back. [ male announcer ] you've climbed a few mountains during your time. and having a partner like northern trust -- one of the nation's largest wealth managers -- makes all the difference.

The american people. >> we'll leave it there for now. hang in there, pat. hang on! you're feeling extreme at this moment? >> i have tendencies in that direction. >> coming up, starbucks' ceo, harold shultz, tom brokaw, the harlem children's own jeffrey canada and the president of the american fed of teachers, randi weingarten. next, how some u.s. corporations are taking advantage of a big tax loophole by parking profits overseas. you're watching "morning joe," brewed by starbucks.

>> the losses at ge can be characterized that way. almost $3 billion in cash taxes were paid by the company. >> we do quarrel about it, harold. i think they included their property taxes and their payroll taxes. they didn't pay their fair share. they made tax avoidance -- >> congressman, i'm not here to defend that. i think it's only fair to put those numbers out there. the question i would have is the question that willie started with. i was in congress with you. if we believe those loopholes should be closed and democrats believe it, why didn't you close it when you were in the majority, num...

Again and again, you will incentivize continuing to ship more jobs offshore. that's why the republican committee, senator grassley in 2004 said, never again. this is say one-time thing. but, of course, unfortunately it just encouraged these corporations to continue to ship more offshore. it will cost billions of dollars overall to the treasury to change and do the repatriation, the bringing back that harold talked about. >> i talked about lowering the rate. the repatriation is say zero tax, congressman. i'm in agreement with you. all i'm saying is you should get it done. >> i hope we can. we s...