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Debate no game changer for McCain |
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Sunday, 12 October 2008 |
Following a week of vitriolic attacks from the McCain-Palin ticket
against Barack Obama, which incited shouts of “Treason”, “Kill Him” and
“Terrorist” in reference to Obama, McCain in Tuesday’s debate slugged
another one that has been a topic of discussion on the news, blogs and
among groups who watched the debate.
“He didn’t just call Obama, ‘That One’ did he?” was the chorus among
the nine members of a presidential debate focus group convened at a
Tamarac residence on Tuesday night to watch the town-hall formatted 2nd
presidential debate held in Tennessee, hosted by Tom Brokaw.
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Economic effect on illegal immigration |
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Sunday, 12 October 2008 |
According to a report from the Pew Hispanic Center, a Washington think-tank, the number of illegal immigrants entering the United States has declined significantly over the past two years, and is now less than those entering the country legally. According to the report, there are now 500,000 less immigrants in the country, falling from 12.4 million to 11.9 million in March of this year,
According to an AP report research into the reason for the decline points to the struggling US economy along with stronger enforcement of immigration laws. The weak economy has resulted in a sharp decline in jobs in construction, one of the areas that employed illegal immigrants. There was also a fall in demand for workers in service industries, like laundry mats, and restraints which have choked job opportunities for illegal immigrants.
During the years of economic boon that began some 10 years ago, the Pew Hispanic Center estimates that some 3.5 million illegal immigrants entered the country, brining the total estimated number of illegal immigrants to some 12 million, The center reported that around 800,000 illegal immigrants entered the US annually between 2000 to 2004, resulting in the total number of illegal immigrants soaring past legal migrants. The Center reported some years ago that illegal immigrants comprised about 30 percent of all immigrants, with about four in five coming from Latin America and the Caribbean, and the majority of this group from Mexico.
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Monday, 06 October 2008 |
 The stakes in the November elections are high for everyone, with the
high foreclosure rates, drastic economic decline, high unemployment
rates and the like; but it may be even higher for the youth and their
children, who will no doubt inherit the trillions of dollars in debt
that the country has racked up over the past eight years.
Depending on who takes office and how that president runs the country,
the youth stands to suffer most since their future depends on
availability of funds for student loans for college, mortgage loans and
the availability of jobs when they hit the job market.
This is why it is extremely important for the youth – voters between ages 18 and 24 – to cast their vote this election.
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Bailout bill: What’s in it for you? |
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Monday, 06 October 2008 |
The news has been saturated with talks about the Wall Street bailout
bill and the effects it might have on the economy and individuals
alike. Following the shock to the nation when the $700 billion
financial bail-out bill was rejected by the House of Representative by
228 to 205 votes, lawmakers rushed to make further amendments to the
bill and it was approved by the Senate by 74 to 25 votes Wednesday
night.
The “sweeteners,” or amendments made to the bill include the addition
of $110 billion in tax breaks for businesses and the middle class, an
amendment that should be popular with small businesses. Another
amendment that should reassure small businesses (and individuals) is
that to raise the cap on federal deposit insurance from $100,000 to
$250,000 making their money safer in the case their banks collapsed.
Other amendments eliminated the unpopular alternative minimum tax that
impacted some 20 million middle-income Americans; another provides $8
billion for people affected by hurricanes and other natural disasters
in the Midwest, Texas, and Louisiana; and extend the deductibility of
state and local taxes for people in states without income taxes which
should help Florida residents.
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Will $700B bailout help ‘Main Street’? |
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Sunday, 28 September 2008 |
 But the burning question is: Will it help ‘Main Street’ and the very taxpayers whose money will be tied up in this massive bailout? In essence, will it work?
President Bush has said the situation is dire and there is no doubt that the funds are needed to rescue Wall Street and stem the hemorrhaging tide that has become the US economy. Critics say that the amount could be too small to prevent total financial meltdown or the way in which the bill is written might not guarantee enough oversight to make sure it happens.
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