Archive for the ‘Money’ Category
National Immigrant Bond Fund
10:14 am By Jennifer Woodard Maderazo · Activism|Immigration|Justice|Money · Comments Off
28 Jul 2008
With ICE raiding communities across the United States, people are left scrambling dealing with the political, personal, and economic aftermath.One important front in the struggle for human rights is ensuring access to a fair legal process to help avoid deportation and stop the fragmentation of families.
Legal experts across the nation agree that the best chance immigrant detainees have to avoid deportation is to post bond immediately and contest their case in the courts. Posting bond sets jurisdiction in the district where the arrest took place, thereby avoiding ICE’s rapid transfer of detainees outside the district. Posting bond also increases the detainee’s ability to argue his/her case for a stay of deportation before a judge. Lastly detainees able to post bond have better access to community resources and family support.
Only New Outfits for the Lopez-Anthony kids
11:53 am By Maegan La Mala · Celebrities|Chismes|Money · Comments Off
17 Jul 2008
All of celebrity gossip land is abuzz over Ms. Anthony’s recent disclosure that she never let’s the twins wear the same outfit twice:
“Jennifer was approached by a charity and asked to donate some dresses for a celebrity auction. She agreed and donated a gorgeous £5,000 frock.
“She also offered some of Max and Emme’s clothes, telling organisers that she never lets them ‘repeat’ outfits.
“But the auction deals only in adult clothes. Jennifer told them it was a shame, as some items cost over Û1,000 (£500) each.”
Now far be it from me to begrudge a fellow Latin@ such an extravagant lifestyle (really, I do, but I can at least be gracious about how much I begrudge her!), but I did have to wonder if little Max and Emme actually appreciate their mami’s dedicated grooming patterns. New outfits are itchy!
Put Your Money Where Your Racism Is
12:35 pm By Jennifer Woodard Maderazo · Money|race|US Presidential Race 2008 · Comments Off
19 Jun 2008
This 5 dollar bill made it’s appearance in a Staten Island, NYC woman’s wallet.By 2050, Mexico Will Be a World Leader
4:05 pm By Maegan La Mala · business|Latin America|mexico|Money|World · Comments Off
5 Jun 2008
It may sound like a long way away, but according to Mexican president Felipe Calderon, by the year 2050 Mexico will be the world’s 5th most important economy. These claims were made before a group of businessmen at a conference this week organized by The Economist magazine, and Calderon said that he believes that Mexico will reach the lofty goal “if the right decisions are made.”
Calderon’s predictions would put Mexico in 5th place after China, the U.S., India and Brasil.
The current ranking has Mexico ranked as number 15; the current number 1 is the U.S., followed by Japan, Germany, China and the U.K.
Via / Milenio
H&R Block a Bunch of Racist Blockheads When It Comes to Lending Practices
8:21 am By Jennifer Woodard Maderazo · Massachusetts|Money · Comments Off
5 Jun 2008
The Massachusetts Attorney General’s office filed a lawsuit against H&R Block on Tuesday, accusing the company known for it’s tax filing services, of discriminating against black and Latino borrowers and escalating a crisis over property foreclosures in the state. This is the first lawsuit initiated by a state accusing civil rights violations in the middle of a nation-wide mortgage and foreclosure crisis.
The lender charged black and Latino borrowers, on average, several hundred dollars more in points and fees to close loans than similarly situated white borrowers, and that it targeted black and Latino consumers with marketing “that pushed the sale of predatory loan products.”
“This price disparity is not explained by borrower credit scores or other risk-related characteristics,” it said. “In some instances, the black or Latino borrowers paid double in points and fees than white borrowers paid.”
Via / Reuters
Ford Wants a Mexican Fiesta
4:21 pm By Maegan La Mala · business|Latin America|mexico|Money · Comments Off
2 Jun 2008
How many of us have chuckled at the ridiculousness of the name carmaker Ford gave one of its low-end cars — the “Fiesta”? Well that little piece of metal’s name will be a little more authentic, as the car will now be built in Mexico, a change that The Christian Science Monitor calls “a blow for Detroit”:
But for Mexico, Friday’s announcement – which has been heralded as the largest manufacturing investment in the country’s history – is a decisive feat.President Felipe Calderón called the $3 billion deal a “turning point.”
While the US automaking industry sags – undergoing massive restructuring and downsizing – Mexico’s production has expanded, especially for small, low-cost vehicles. Last year, Mexico produced a record number – over 2 million – and analysts forecast that by the year 2015 production could at least double.
The CSM says that the production of these smaller vehicles could position Mexico as a center for fuel efficient cars, bringing back some of the money lost as manufacturing jobs have moved to China.
Via / Christian Science Monitor
Massive Inflation Changes the Mexican Diet
11:18 am By Maegan La Mala · Food|Lifestyle|mexico|Money|society · Comments Off
20 May 2008
The massive price increases that have been affecting Mexico since last year are changing the way some Mexicans — particularly those in the capital city — eat. La Jornada reports that inflation is up 60% on staple products, forcing many to have to change their diet for the worse.
The rise in prices is affecting at least 2 million people in Mexico City who barely scrape by economically, and forcing them to give up meat, chicken and fish, replacing them with tortillas and bread because half of their income is spent on food. It just isn’t enough to afford these items.
The Mexican Secretary of Development is worried that this will eventually take its toll on health, especially that of children, and expects to see a decline in school performance, as well as failing health in the elderly.
And the situation isn’t getting better. Just when you think you can turn to bread as a cheap food option, La Jornada reports that wheat flower has gone up 100%. Other staples like rice have increased in price by 80%.
Via / La Jornada
Image via Rageforst on Flickr
Mexican Congress on Lockdown Over Pemex
10:57 am By Jennifer Woodard Maderazo · Activism|mexico|Money · Comments Off
15 Apr 2008
I got to give it to some members of the Mexican Congress who are sitting in the lower house of their congress to protest President Felipe Calderon’s reform proposal concerning Pemex, the nation’s state oil company. The proposal would allow Pemex to partner with private companies for exploration and refining. This is needed according to the president to help boost sagging oil production. The opposition maintains that this is just an attempt to privatize the oil industry.
Schwarzenegger Won’t Blame Immigrants for Economic Woes
1:43 pm By Jennifer Woodard Maderazo · California|Immigration|Money · Comments Off
3 Apr 2008
We may watch to much tv, but California Governor Arnold Schwarzenegger won’t point the finger at immigration for his state’s budget woes.Gov.
Arnold Schwarzenegger called it a “big mistake” Wednesday to blame illegal immigrants for the state’s looming $8 billion budget gap, just as Republican lawmakers have proposed a rollback of benefits for illegal immigrants to save money…”There is, you know, always a time like this where you start pointing the finger at various different elements of what creates the budget mess, and, you know, some may point the finger at illegal immigrants,” Schwarzenegger said. “I can guarantee you, I have been now four years in office in Sacramento, I don’t think that illegal immigration has created the mess that we are in.”..
I guess we gotta give credit where credit is due.
Via / Immigration Talk with a Mexican
Latinos Have a Whole Week for Obama
9:43 am By Jennifer Woodard Maderazo · Money|Politics|US Presidential Race 2008 · Comments Off
31 Mar 2008
Pro-Barack Obama Latinos (which according the the media, don’t exist) are gearing up for a whole week of fundraising geared towards the Latino community.
On the week of April 13th, Latinos across the country are planning low dollar fundraisers nationwide to support the candidacy of Senator Barack Obama. During this”Semana Latina”, Latinos nation-wide will say in one collective voice – Sí se puede por Obama.
One can assume that this new push is in part thanks to Frank Sánchez, who was was named national chair of Latino and Hispanic fundraising for the Obama campaign.Interestingly enough, Sanchez can be seen as a Clinton defector, since he was a Clinton Administration Assistant Secretary of Transportation.
Via / Latinos for Obama y Candidato USA
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