Posts Tagged ‘business’
Immigration, Money and a CEO’s demise
12:52 pm By Jennifer Woodard Maderazo · Immigration| business · Comments Off
29 Nov 2005
Most of you have probably never heard of First Data Corporation, a Denver-based company specializing in transaction services. But the brand name Western Union should ring a bell. Western Union, a company that makes billions of dollars yearly on the backs of Latino immigrants who send money to their home countries has long been criticized for exploiting customer with high fees for wiring funds. Now, a Colorado publication is speculating that the involvement of First Data CEO Charles Fote’s in the immigration debate is the issue that proved to be his demise:
Over the last two years Fote had become a champion of enlightened debate over immigration reform, and First Data has sponsored a series of public forums to discuss and explore the issue. In March 2004, First Data created a $10 million “Empowerment Fund” to support Hispanic immigrants and counter anti-immigration movements across the country. The Fund, whose advisory panel includes Raul Yzaguirre, CEO of the National Council of La Raza (“The Race”), had allocated $800,000 for a Denver pilot program to increase the number of Latino business owners via the local Hispanic Chamber.
Taxi boom linked to Latinos
1:22 pm By Jennifer Woodard Maderazo · Marketing| Texas| business · Comments Off
28 Nov 2005
Proof that a boom in an emerging market can spur the appearance of products or services that the mainstream has been needing or wanting but wasn’t provided:
The 14 calls Fiesta got on its first day of business have multiplied into nearly 500,000 dispatched calls annually. A half-million more customers are picked up by drivers at Hispanic supermarkets, Latino-aimed bus companies and through direct cell calls to cabbies.
A handful of Mexican-American drivers in 1985 has grown to a team of 220 cabbies who hail from throughout Latin America. Almost all of them own their cabs and operate small businesses on wheels.
Gold Fever: You Give Globalization a Bad Name
25 Oct 2005
With NAFTA and CAFTA being touted throughout Latin America, globalization is given a pretty face across mass media screens and within the pages of U.S. papers. An article in today’s New York Times, along with a flashy multi-media presentation, reveals a side of globalization that is reminiscent of the conquistadors’ mad dash for gold and disregard for local indigenous communities. U.S. owned mining company Newmont has been mining in the Yanacocha goldmine in Peru for some time now, earning billions of dollars. The company has done so thanks to back door deals with the publicly corrupt former secret police chief, Vladimiro Montesinos and exiled president Alberto Fujimori.
The trouble with gold mining is that while the bank accounts of Newmont, as well as those of affiliated French, Australian , and even the World Bank, grew, the resources of the local indigenous community waned. Gold mining requires water to be diluted with deadly cyanide which negatively impacted the health and livelihood of local communities. Add to the mix of secret handshakes and contamination a 2000 mercury spill (mercury is a by-product of gold mining) that the company hushed while locals scooped up the poisonous earth in desperate hopes of getting a piece of the golden pie.
The result of such blatant disregard for the local community and well, international laws, has led to a growing grassroots movement within the indigenous population, culminating in protests and general strikes that left Newmont removing gold via helicopters and locals, including the elderly, women and children, facing tear gas, shootings, and arrests.
This hasn’t stopped Newmont. According to the New York Times, the head of Newmont’s North American operations is quoted as saying:
We plan on being here a very long time.
This is a must read story, especially for those who wave off claims of U.S. colonialism err globalization and its negative impact on local communities.
Via/ New York Times
Phoenix, El Paso Best Cities for Entrepreneurs
9:41 am By Maegan La Mala · Entrepreneurs · Comments Off
20 Oct 2005
This month’s Entrepreneur magazine reports on the best cities to start your company in, across large, mid-size, and small cities.
#1 Large City: Phoenix, AZ
Phoenix earns the top spot due to its high percentage of start-ups in the past year, real estate prices in the area, and community services to help entrepreneurs get started.
But that doesn’t mean that Phoenix doesn’t have its challenges. Maricopa County had the largest population increase in 2003-2004, as compared to all other counties across the US. The city is also implementing a light-rail project which is a multi-year project that will disrupt multiple parts of the city during its construction.
#1 Mid-Sized City: El Paso, TX
Ranking near the top in start-ups and growth, El Paso beat out other cities by its high scores across the board. Because of its location, El Paso is more closely tied in business and in life to Ciudad Juarez, Mexico, that to other cities in Texas. This location gives El Paso good business with the maquiladoras in Juarez and over $3.4 billion a year in spending from Mexican tourists. Additionally Fort Bliss nearby provides work in government contracts, currently about 16% of El Paso’s economy.
City of Phoenix, Arizona
City of El Paso, Texas
Via / Entrepreneur.com: Best Cities for Entrepreneurs
Arizona State Guide to Doing Business
Texas State Guide to Doing Business
Latino Startups Outdoing Mainstream
2:41 pm By Jennifer Woodard Maderazo · business · Comments Off
28 Sep 2005
Years after the dot-com boom and bust, it seems that start-up businesses are beginning to pick up speed again, and who is leading the pack? Latinos, according to this Seattle Times article via HispanicTips:
Latinos and immigrants start companies at higher rates than white non-Latinos, while blacks increasingly are jumping into business ownership, a new study finds.…Two surprising results emerged from the study, Fairlie said. The number of Latinos who started businesses jumped to 0.48 percent of the adult population last year from 0.38 percent in 1996
Top 10 Business Schools for Hispanics
1. Stanford University
Stanford School of Business
2. University of California, Berkeley
Haas School of Business
3. University of Texas at Austin
McCombs School of Business
4. Yale University
Yale School of Management
5. University of Miami
School of Business Administration
6. Duke University
Fuqua School of Business Durham, NC
7. Columbia University
Columbia Business School
8. University of Michigan
Ross School of Business
9. Florida International University
Chapman Graduate School of Business
10. University of New Mexico
The Robert O. Anderson Schools of Management
Top 10 Engineering Schools for Hispanics
1. University of Texas at El Paso
College of Engineering
2. Georgia Institute of Technology
College of Engineering
3. University of Central Florida
College of Engineering and Computer Science
4. San Diego State University
College of Engineering
5. Michigan State University
College of Engineering
6. Rice University
George R. Brown School of Engineering
7. University of Texas at Austin
College of Engineering
8. West Virginia University
College of Engineering and Mineral Resources
9. Iowa State University
College of Engineering
10. University of California, Irvine
Henry Samueli School of Engineering
Top 10 Law Schools for Hispanics
1. University of Miami
School of Law
2. University of Texas at Austin
School of Law
3. Stanford University
Stanford Law School
4. University of Arizona
James E. Rogers College of Law
5. University of Southern California
Gould School of Law
6. University of Florida
Fredric G. Levin College of Law
7. University of Connecticut
School of Law
8. Southwestern University
School of Law
9. University of California, Los Angeles
School of Law
10. Florida State University
College of Law
Top 10 Medical Schools for Hispanics
1. Stanford University
School of Medicine
2. Johns Hopkins University
School of Medicine
3. University of New Mexico
School of Medicine
4. Texas A&M University Health Science Center
College of Medicine
5. University of North Texas Health Science Center
Texas College of Osteopathic Medicine
6. University of Kansas
School of Medicine
7. University of Arizona
College of Medicine
8. East Carolina University
Brody School of Medicine
9. Edward Via Virginia
College of Osteopathic Medicine
10. Ohio State University
College of Medicine & Public Health
Source: HISPANIC BUSINESS Magazine
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- Pedro Julio Serrano on the Murder of Lopez Mercado
- Bay Area Community Members to Hold Vigil and Release Statement about Murders in Maryland and Puerto Rico
- Transgender Day of Remembrance and Latin@s
- Dear Troll(s):
- Puerto Rican, Latino Clergy, Theology Professors, Community Members To Condemn Brutal Hate Killing of Gay Puerto Rican Man
- Vigils for Justice y en Memoria de Jorge Steven Lopez Mercado
- Russell Athletic rehires fired union organizers
- When Things Go Wrong…Terribly Wrong.
- Official VivirLatino Statement on Lou Dobbs Leaving CNN
- Sexual Violence Against Women in Immigrant Detention
