Archive for the ‘Money’ Category
Immigrants on Long Island, NY Contribute Billions
10:27 am By Maegan La Mala · Immigration|Money|New York · 1 Comment
21 Oct 2008
Those still looking to point the finger at immigrants, especially undocumented immigrants, for the current economic crisis, should take a peek at a study released yesterday by Adelphi University’s Center for Social Innovation.
Immigrants contribute $10.6 billion a year to Long Island’s economy by increasing productivity, generating new business and paying taxes…While many Long Islanders have said that immigrants drain government resources, the study says they contribute $2,305 more per person in taxes and government fees than they use in schools, health care and law enforcement. It found that spending by immigrants — those who are legal residents as well as those who are undocumented — leads to creation of about 82,000 jobs a year.
Why is looking at Long Island, the suburbs of NYC important?
In Times of Economic Crisis : Is Spending $160,752,000,000 on Deportations Smart?
10:08 am By Maegan La Mala · Immigration|Money|Politics · Comments Off
15 Oct 2008
With the U.S. government’s enforcement first and only immigration policy, meaning that Immigration and Customs Enforcement raids communities, here at VivirLatino, we often talk about the human cost, the families broken, the children left behind. Pero thanks to the Des Moines Register, there is now a clearer picture of the monetary cost of raids and deportations and since for so many, especially in these times, money talks, it begs the question: how much are people willing to pay?
Palin Biden Debate Fever Causes Blindness to Continued ICE Terrorism
2:19 pm By Maegan La Mala · Money|pennsylvania|Politics|US Presidential Race 2008 · Comments Off
2 Oct 2008While everyone (myself included) VP debate drinking games, the U.S. federal government and ICE hope that their continued acts of terrorism against immigrant communities fly beneath the radar.
In a week’s time, ICE arrested 78 people in Pennsylvania and Delaware. The media is playing up the fact that some of those arrested had criminal records and in an effort to stir up fear, called an emergency meeting in the communities where the arrests happening.
The emergency of immigrant familias?
The rumors of NYC Mayor Michael Bloomberg’s decision to run for a third term and attempt to change a term limit law in the process, are being analyzed by many mainstream media sources as a sign of the need and desire to have a familiar face guide the city through the current economic crisis.
After all, Bloomy is not just a politician, he’s an economic insider, a former Wall Street trader and the man behind the business information company that has his name. Pero what short term memory people have.
Remember the praise Giuliani got post 9-11-01? How well he handled the crisis? So we face a “new” threat and we need more of the same?
Senate to Vote on Bailout Today
3:53 pm By Maegan La Mala · Money|Music|Politics · Comments Off
1 Oct 2008Today the Senate is set to vote on a multi-dollar bailout plan. Struggling to understand how we got here? Wondering where the alternatives are?
Sometimes all there is, is music and poetry. Rebel Diaz knows.
Pointing el Dedo : Those Damn Illegals are to Blame for Economic Meltdown
8:51 am By Maegan La Mala · Blogs|Immigration|Internet|Media|Money · Comments Off
26 Sep 2008
Need someone to blame for the economic downturn, for the mortgage crisis? Look no farther than Maria y Jose. That’s right it’s those damn illegal immigrants (or some would have you believe). After all they control the money and the system that controls that. No? DreamActivist writes over at The Sanctuary:
Why, don’t you know, those migrant workers, low-income wage-earners, illegals in the military, undocumented students struggling to afford college, caused the financial collapse of Wall Street, Main Street, all streets!! Now we need a $700 billion dollar bailout for them!
Sylvia P also follows the path atras, as to who really is to blame.
It started with the ambitions of a single illegal alien.
That’s right. I said it. We have no time for political correctness now. If Sen. McCain can suspend his campaign, I can suspend my intelligence to state things plainly. And plainly, my investment banker siblings, it always starts with one.
And we ignored the signs, even when it appeared in the news way back when the Mexicans first began ousting CEOs.
McCain Suspends Campaign and Interviews: David Letterman on McCain
8:35 am By Maegan La Mala · Funny|Money|TV|US Presidential Race 2008 · Comments Off
25 Sep 2008I’m not a David Letterman fan (I just don’t think he’s that funny) pero I love how he sets up John McCain and Sarah Palin and then proceeds to cut em down.
Via / Culture Kitchen
The Cheat Sheet to the $700 billion Dollar Nightmare of a Plan
9:07 am By Maegan La Mala · Blogs|Money|Politics · Comments Off
24 Sep 2008
economic downward spiral. I do know that anyone asking for a $700 billion blank check isn’t a good thing, and it’s even worse when it’s the government that wants it. Gracias a Liza over at Culture Kitchen, we have a little better explanation as to what is so wrong about what my former boss, Paulson, wants.
* Would allow up to $700 billion in mortgage assets to be held by Treasury at any one time.
* Allows the Treasury to buy any mortgage-related assets, both residential and commercial, for a two-year period. The plan does not detail the types of mortgage assets this could cover and or how long the government could hold them, and does not establish how they would be valued. However, if deemed needed to promote financial market stability, any type of financial instrument could be bought.
* Assets must have been originated or issued before September 17, 2008, by a financial institution having “significant operations” in the United States. This provision could also be waived if deemed needed to promote financial stability.
* Assets could be bought from any financial institution, including but not limited to banks, thrifts, credit unions, broker-dealers and insurance companies. If deemed need(sic) to promote financial stability, however, assets could be purchased from non-financial companies.
* Grants the Treasury broad authority to decide how to purchase, manage and dispose of the assets, including setting up a special fund and naming financial institutions to work for the Treasury Department.
* The Treasury secretary would be given these powers to ensure stability or prevent disruption of financial markets and to protect the taxpayer.
* No court or government agency could review the secretary’s decisions. The secretary would report to Congress within the first three months and then twice yearly.
* The U.S. debt limit would be increased by $700 billion to fund the plan, to $11.315 trillion from $10.615 trillion.
Countdown to the DNC : Latino Mainstream Media Expect to Rake in Dinero in Ads
3:30 pm By Maegan La Mala · denver|Marketing|Money|US Presidential Race 2008 · Comments Off
15 Aug 2008
Getting excited about the Democratic National Convention, only 10 days away? VivirLatino is but we’re shelling out money, not making money. Spanish language broadcasters are looking forward to the DNC for the money it will bring in, especially those with stations in swing states.
Santa Monica-based Entravision’s political ad sales will double to $12 million from the last presidential cycle, said Lloyd Walmsley, an analyst in San Francisco with Thomas Weisel Partners.
Univision Communications Inc., which went private last year, expects to take in as much as $20 million in political ads in the second half of 2008, Chief Financial Officer Andrew Hobson said. That would represent a full-year gain of as much as 78% from 2004…
Azteca America, owned by Mexico City-based TV Azteca, almost doubled its political ad sales from 2004 during the primaries, and projects similar gains in the general election, said Brian McCullough, director of spot TV sales in New York. Azteca has nine affiliate stations in Colorado, Florida, New Mexico and Nevada, he said.
Telemundo, part of General Electric Co.’s NBC Universal, also enjoyed record primary spending, said Enrique Perez, senior vice president of sales, who wouldn’t provide specific numbers.
Via / LA Times
Economic Slowdown is Affecting Latinos Hard
11:11 am By Maegan La Mala · Labor|Lifestyle|Money|society · Comments Off
12 Aug 2008
The current economic slump in which the U.S. finds itself in is making life hard on everybody. Rising gas prices and the mortgage fallout are making Americans spend less money, and in turn, business is slow. And it seems that Latinos are the hardest hit group by all of this.
From New York to Miami to Los Angeles, the downturn in the U.S. economy is hitting Hispanics especially hard, with unemployment rising faster in that community than in the overall U.S. population. And the slowdown has had a ripple effect, with a significant drop in payments being sent home to families in Latin America.“For the last year, Hispanics have been losing jobs at a faster rate than any other group,” said Agustine MartÃnez, president of the U.S. Hispanic Chamber of Commerce in Washington.
The Baltimore Sun reports that unemployment among Latinos is nearly 2 points higher than among the general population, and that salaries for Latino workers are “stuck”. Remesas being sent back to Latin America are said to be down by 70% since 2006.
It’s hard times and everyone’s apretándose el cinturón. Have you had to cut back on expenses just to make ends meet? Where are you spending the most money and what, if anything, do you have to sacrifice? Let us know in the comments.
Via / Baltimore Sun
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