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Lanhee J. Chen

Lanhee J. Chen
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The Malouf Foundation Hosts Successful Inaugural Trafficking Policy and Education Summit

The Malouf Foundation Hosts Successful Inaugural Trafficking Policy and Education Summit
April 17, 2021 19:48 ET
| Source:
Malouf Foundation
Malouf Foundation
Logan, Utah, UNITED STATES
LOGAN, UT, April 17, 2021 (GLOBE NEWSWIRE) Today, the Malouf Foundation hosted their inaugural Human Trafficking Policy and Education Summit. As part of its mission to provide education, promote healing, and ensure justice for trafficking survivors, the Malouf Foundation invited political leaders, industry experts, as well as trafficking and abuse survivors to share how they are working to make a difference against one of the fastest-growing criminal enterprises in the world.

Six separate panels covered many facets of trafficking. Sam and Kacie Malouf welcomed guests and introduced the day’s moderator, Lanhee Chen, director of Domestic Policy Studies and lecturer in the Public Policy Program at Stanford Univer ....

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The Malouf Foundation Hosts Successful Inaugural Trafficking Policy and Education Summit

The Malouf Foundation Hosts Successful Inaugural Trafficking Policy and Education Summit
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City rents streets to self to plug pension gap

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The city of Tucson, Arizona, decided last year to pay rent on five golf courses and a zoo to itself. In California, West Covina agreed to pay rent on its own streets. And in Flagstaff, Arizona, a new lease agreement covers libraries, fire stations and even City Hall.
They are risky financial arrangements born of desperation, adopted to fulfill ballooning pension payments that the cities can no longer afford. Starved of cash by the pandemic, cities are essentially using their own property as collateral of sorts to raise money to pay for their workers’ pensions.
It works like this: The city creates a dummy corporation to hold assets and then rents them. The corporation then issues bonds and sends the proceeds back to the city, which sends the cash to its pension fund to cover its shortfall. These bonds attract investors who are desperate for yield in a world of near-zero interest rates by offering a rate of return that’s slightly higher than similar financial ....

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To Plug a Pension Gap, This City Rented Its Streets. To Itself.

Cities and states issued at least $6.1 billion in pension bonds last year. Novel ways to do so include renting property they already own under dummy corporations. ....

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