investments

On May 6, President Barack Obama introduced executive reforms designed to eliminate loopholes that allow foreigners to conceal tax fraud and evasion in the United States. Olin Business School’s Lamar Pierce said the move is an effort to show U.S. global partners that it is ready to practice what it preaches when it comes to curbing shadowy financial transactions.

The New America Foundation and Center for Social Development at Washington University announced May 21 a new College Savings Initiative to examine and improve 529 college savings plans so more people have the opportunity to attend and complete college.

The New America Foundation and Center for Social Development (CSD) at Washington University in St. Louis announce a new College Savings Initiative to examine and improve 529 college savings plans so more people have the opportunity to attend and complete college. “Saving money is not easy, but research shows many people can save when they have incentives and a way to do so. More low-income families may save with well-designed 529s and incentives,” said Margaret Clancy, Policy Director at CSD. “We will study 529 innovations to see which ones are effective. This will inform 529 policy so that it can benefit families of all income levels.”