Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

2.01.2008

Danielle's Graceful Babies

My niece Danielle--like her mother Rafaela, and her mother's mother Antonia--has that Taino ability to easily create beautiful and useful things.

I remember watching my mom, a seamstress by necessity and a sculptress by choice, easily and lovingly craft beautiful garments and art.

My sister has the same knack -- applying her gifts to designing beautiful ceramic dolls and crafts.

And her daughter Danielle, a lovely 20-something SAHM raising two little ones in very rural New York, has that same creative touch.

She is the founder, chief designer, seamstress and webmaster of an emerging enterprise called Graceful Babies. Graceful Babies designs durable and fun hand-crafted baby and toddler clothes and accessories at modest prices.

Check out the Graceful Babies collection at these websites:
http://www.gracefulbabies.etsy.com/
http://www.gracefulbabies.blogspot.com/

11.29.2007

Latinos: Next Great Source of Intellectual Capital

In 2008, Baby Boomers will begin retiring at a rate of 11,000 per day, draining corporate America of their years of talent and experience. To remain competitive, companies should be poised to search for new talent and a good place to start is in the Latino community, one of the fastest growing U.S. demographics and the next great source of intellectual capital, according to Robert Rodriguez, Ph.D., a human resources expert and Assistant Dean in Kaplan University’s Graduate School of Management.

“By the year 2050, Latinos will make up one quarter of the U.S. population and will undoubtedly change the marketplace and our economy,” Dr. Rodriguez says. “Companies need to realize the benefits of attracting more Latino employees and their potential to drive economic growth.”

More

11.01.2007

Tourists Penalizing 'Unfriendly' America

Not only does it cost a tremendous amount of money to chase down, jail and deport undocumented workers, but the nation also loses out on their productivity and spending. And there's the cost of litigation and judgements against anti-immigrant towns.

What about tourism to the U.S.? Is there are impact as a result of rising immigrant/foreigner hostility?

Discovery America has crunched the numbers and the economic impact to the U.S. is huge.

Since September 11, 2001, the United States has experienced a 17 percent decline in overseas travel, costing America 94 billion dollars in lost visitor spending, nearly 200,000 jobs and 16 billion dollars in lost tax revenue.

Dumb! Dumb! Dumb!

Related: 'Unwelcoming' US sees sharp fall in visitors since 9/11
America The Unfriendly

10.04.2007

Latino Families Scramble to Keep Homes

In an editorial on the looming mortgage crisis, the NYTimes (Myths Spun by Lax Lenders - 7.10.07) noted that...

Mortgage defaults are rising, and worse is yet to come. Between now and the end of next year, the interest rates on $660 billion in adjustable-rate mortgages will increase for the first time. Over half of that is in subprime loans — those made to borrowers with weak credit — and is at high risk of default as monthly payments rise.

That same week, MarketWatch issued this warning (by Ruth Mantell, Minority Families Face Wave of Foreclosures - 7.6.07):

More than a quarter million black and Hispanic families are expected to lose their homes in the next few years due to foreclosure. For many, the financial trouble will be traceable to a mortgage they should never have been given.
The reason? According to Mantell...

The heads of these households signed up for mortgages that appeared affordable, some with enticingly low starter rates. But what they were really agreeing to were loans with ultimately onerous terms, high costs and prepayment penalties that make refinancing the loan difficult.
As predicted, Latinos and Africans Americans have begun losing their homes in large numbers. Enlace's Hiram Soto (translated by New American Media's Elena Shore) captures this evolving story in Latino Families Scramble to Save Homes.

Araceli Flores was so happy to buy a three-bedroom house that she didn’t ask many questions about the mortgage. “Everything I’ve achieved is suddenly falling apart.”
What's encouraging is that Latinos are a spunky people--and many of the homeowners are scrambling to preserve their hard-earned piece of the American Dream. However, the combination of expensive loans, language barriers and the unscrupulous practices of real estate agents, mortgage brokers and lawyers is too much for them to overcome.

Thankfully, a Latino professionals are mobilizing with the goal of providing assistance to distressed homeowners.

With volunteers from the National Association of Hispanic Real Estate Agents at the forefront, this coalition has begun offering clinics in Spanish to provide one-on-one help for families that have problems paying their mortgage. The workshops have been crowded to maximum capacity, with experts analyzing each family on a case-by-case basis and lawyers available to help with any irregularities.
Of course, much more needs to be done by the government, financial institutions, the real estate industry and by civic organizations to educate and protect new home buyers.

However, it is unconscionable that Latinos and African Americans are 2.5 times more likely than whites to receive risky, high-cost loans--even when they have similar credit. Where are the civil rights groups, prosecutors, Congress and the Courts?

Related:

Disparities persist between white, minority mortgage applicants
Foreclosure Wave Bears Down on Immigrants
More minorities denied mortgages
Subprime Loan Sharks
Minority Borrowers Steered Toward Predatory Loans
Mortgage Discrimination Is Alive And Well

US: Banks prone to sell minorities pricey loans
Wealthier minorities still face loan rejection

9.27.2007

A U.S. Latino Press Since 1808

The 150 Spanish language newspapers published in the United States today are the most ever, right?

WRONG!

According to Jose de la Isla in A tradition written in Spanish, Latino newspapers are as old as the U.S. itself. Not only did the first printing press in Spanish predate the first in English by 100 years in the Americas, but Latino newspapers have been published in the U.S. since 1808.

Furthermore, records show that between 1813 and 1937 some 431 Latino newspapers were published in communities across the U.S., nearly all in Spanish.

Of course, the presence of Latinos and a whole Latino press are inconvenient truths to the preferred myth of anti-Latino bigots that we are latecomers.

Welcome to America!

9.07.2007

New York City's Oldest Spanish Bookstore to Close

Librería Lectorum, New York City's oldest and largest Spanish-language bookstore, will close its W. 14th St. storefront on September 30, 2007.

They say it's due to gentrification. Too bad.

How many times did I walk by Librería when I lived in the neighborhood at 15th and 6th? No doubt it was hundreds of times as I walked to the A Train, or to Hudson and my job in the West Village, or to countless other destinations.

I never tired of checking out the latest titles in the store's window displays--even if my book purchases were in English and at Barnes & Nobles on Fifth Avenue.

While certainly not the same experience, the good news is that fans can still visit Librería Lectorum online.

Related Last page for Hispanic bookstore on 14th St.

8.21.2007

Puerto Rico's Winter Baseball League Cancelled

After 69 years in existence, the Puerto Rico Winter League cancelled its upcoming season because of financial problems.

Fortunately, Major League Baseball may step in and salvage part of Puerto Rico's sports heritage by sponsoring an alternative winter season league.

"I'm very concerned there is no baseball in Puerto Rico. I'm disappointed, because Puerto Rico has a culture and a history of playing the game. Second, we use the league as a developmental tool, and that will not be available now. We are not happy about it. The fans are not very happy about it. We have to put our heads together, between MLB and Puerto Rico and the Players Association, and keep baseball alive in some shape or form."

Lou Melendez, MLB VP-International Baseball Operations.

Sadly, Winter league's demise is in keeping with the sad state-of-affairs in Puerto Rico.

On the one hand, Puerto Rico has been eclipsed by the Dominican Republic, Venezuela and Mexico as Meccas of Latin baseball--each sponsoring very popular Winter leagues of their own.

On the other hand, island leaders failed in their duties to market Puerto Rico as a quality venue for a sport that generates billions of dollars and has a huge Latin, North American and international fan base.

As in so many other examples, island leaders continue to fail Puerto Rico.

More

7.31.2007

A Trillion $ U.S. Latino Market!

According to a new study by the University of Georgia's Selig Center for Economic Growth, Multicultural Economy, African American buying power in the U.S. will rise 34 percent to top $1.1 trillion by 2012, up from $845 billion now.

However, the Latino market will be even bigger, growing from $860 billion now to $1.2 trillion in five years.

The top 10 states, as ranked by the rate of growth of Latino buying power over 1990-2006, are:

1.) Arkansas (1,174%)
2.) North Carolina (1,042%)
3.) Tennessee (833%)
4.) Georgia (832%)
5.) Nevada (748%)
6.) Alabama (679%)
7.) South Dakota (652%)
8.) Minnesota (633%)
9.) South Carolina (626%)
10.) North Dakota (623%)

Latinos, which comprised 14.7 percent of the country’s population in 2006, had disposable income of $798 billion. In 2006, the 10 states with the largest Latino markets, in order, are:

1.) California ($214.5 billion)
2.) Texas ($140.2 billion)
3.) Florida ($82.2 billion)
4.) New York ($63.3 billion)
5.) Illinois ($34.8 billion)
6.) New Jersey ($30.5 billion)
7.) Arizona ($26.4 billion)
8.) Colorado ($18.5 billion)
9.) New Mexico ($15.1 billion)
10.) Georgia ($12.4 billion)

7.21.2007

Immigration Non-Harvest

Immigration Non-Harvest (Wall Street Journal - 7.20.07)

Peak harvest season is approaching in much of the country, and the biggest issue on the minds of many growers isn't the weather but how in the world they'll get their crops from the vine or off the tree. Thanks to Congress's immigration failure, farmers nationwide are facing their most serious labor shortage in years.

The results of Congress' immigration reform failure include:

- up to 30% of crops left to rot
- increase cost of U.S. farm goods
- export of farm operations aboard
- import of more foreign grown products
- replacement of high-value products (nuts, fruits) with highly mechanized products (corn, soy bean) distorting world markets
- disruption of North American labor markets

Americans can all blame nativists Lou Dobbs, Tom Tancredo, et al, the next time they're shocked by the prices at the grocery.

7.12.2007

Latino Migrants as Recession Buffers (Don't You Love This Country?)

America derives an enormous benefit from its undocumented servants.

They boost the nation's wealth, shore up government programs, perform the most laborious and dangerous jobs, serve as scapegoats on-call--especially America's slacker class, fight and die in our wars, and remind us that some people still value hard work and families.

They also perform a tremendous benefit to their home countries. For example, Their migration North allows the elites to live in higher on the hog without having to support a social programs for the poor and working classes. And they return money, remittances, from their meager earnings to support their families.

Of course, we all know this already, right?

But here's a benefit I hadn't thought about: migrants as recession buffers.

Yes, consider the current recession in residential construction. According to U.S. government, data residential construction has fallen some 25 percent since early 2006. But employers shows a drop of less than 2 percent in jobs in the sector.

How is that possible?

There are different theories for this phenomenon in Is Mexico paying for U.S. housing downturn? (Reuters - 7.12.07), but it's clear to me that Latino migrant workers allow construction to expand and contract to meet market demands. As markets tighten, migrant workers are shed, company expenses are slashed, allowing Citizen owners and employees to weather the downturns without as much as scratch.

Latino migrants as human recession buffers!

7.11.2007

Anna Maria Arias Memorial Business Fund: Calling All Latina Entrepreneurs

Washington, DC--(HISPANIC PR WIRE)--July 11, 2007--LATINA Style Magazine, the premier magazine addressing the needs of Latina professionals in the United States, is pleased to announce the availability of $5,000 cash awards for Latina entrepreneurs.

Since its establishment in 2002, the Anna Maria Arias Memorial Business Fund has been the most respected and coveted business award program for Latina business owners in the United States.

The Fund was created to recognize the accomplishments of Anna Maria Arias, the late founder and editor of LATINA Style Magazine. Her drive and mission to empower Hispanic women is one of the true legacies in the Hispanic community.

The Fund celebrates this spirit of entrepreneurship that was Anna Maria’s vision and that today serves to fuel the phenomenal growth of the Latina business sector.

We look forward to receiving hundreds of applications this year.

The award recipients will be showcased during a gala awards dinner at this year’s LATINA Style Annual Symposium taking place in Washington, DC on September 6th, 2007, at the Washington Hilton in our nation’s capital. For more information or to apply for the Anna Maria Arias Memorial Business Fund visit http://www.latinastyle.com or call 1-800-651-8083.

Also see Anna Maria Arias: Remembering A Latina Trailblazer.

6.06.2007

Maine Needs Immigrants

Don't hang out 'no vacancy' sign at Kittery: Maine needs immigrants to grow and prosper, which means being welcoming, not hostile (by P. Vincent O'Malley, MaineToday - 6.5.07)

Cead Mille Failte is a Gaelic expression of Irish hospitality that literally translates to "one hundred thousand welcomes."

As the son of Irish immigrants who were welcomed to Maine more than 80 years ago to find work, raise a family and practice their faith, I believe the only way to have a prospering Maine is to have a welcoming Maine.

Maine's periods of great economic growth have coincided with its periods of high levels of in-migration. This is no coincidence.

If the Irish had not come in large numbers in the 1840s to 1860s, there would have been no people to build Maine's railroads, canals and wharves.

If the French-Canadians had not come in the 1920s, there would have been nobody to cut the wood and make the paper. Conversely, during the 1950s and 1960s no one moved to Maine. Our economy was stagnant.

Even though in-migration is the lifeblood of the state's growth, the natural reaction of those who are here is to resent the intrusion. During the 1840s and 1850s, the "Know Nothing" political party thrived in Maine. Its platform was to keep foreigners, Catholics and especially the Irish out.

The term "know nothing," came from the secret-society aspect of the party -- when members were asked what the party was doing, they were instructed to say "I know nothing."

The Know Nothings fielded candidates and organized demonstrations. In Ellsworth in 1852 they tarred and feathered a Catholic priest, Father John Bapst, and carried him around town on a rail.

One wrote to a Maine newspaper, "Now, sir, you must admit that the Irish Catholics of this country are a poor priest-ridden class of individuals, entirely unfit for civilized society."

Eventually the Irish became established in Maine and were among the natives who became upset by the next wave of in-migration, the French Canadians coming down from Quebec.

Even as the French helped to spur a new era of growth in the Maine woods, farms and mills, resentment resurfaced.

The Ku Klux Klan had substantial membership in Maine and marched in many Maine towns in the 1920s. The Klan was anti-black, anti-Jew, anti-Catholic and generally anti-foreigner. Ed Muskie recalled seeing a cross burning on a hill as a child in Rumford.

This, too, eventually faded away as the French became integrated into the mainstream of Maine society.

Today, Maine is again at one of its periods of economic sluggishness. Maine's population is aging. We have a low birth rate. Without significant in-migration of new families with children, our labor force is projected to decline in the next 20 years.

We desperately need young men and women, especially those with children, to choose Maine as their future home.

Our hope is with women like Shalom Odokara, a Nigerian-born educator who moved to Maine in 2002, and who helps immigrant women learn English and start businesses.

Shalom is opening a complex in Auburn that will have a factory where women can work and earn a living wage, a day care facility for their children, a health clinic and a bank.

Maine needs to be welcoming in order to grow. But, as in times past, there is resistance to newcomers. In the Legislature this year, there have been several bills to withhold medical or general assistance benefits to people until they have passed a "waiting period," which usually is 30 days. This is an imaginary solution to an imaginary problem.

In 2006, less than 1 percent of recipients of public benefits including food stamps, Temporary Aid for Needy Families (TANF) or Medicaid in Maine came from out-of-state.

For every recipient who moved into Maine during the past four years, six moved out. There is no evidence that anyone is moving to Maine to receive benefits. In fact, our benefits are less generous than many of the states that people are leaving.

These bills are not about finances. They are about sending a "You are not welcome in Maine" message to immigrant families.

We all must remember our immigrant roots and extend..."one hundred thousand welcomes" to new families who will help our state become vibrant.

Maine's periods of great economic growth have coincided with its periods of high levels of in-migration. This is no coincidence.