Posts Tagged ‘illegal immigrants’

One Out of Every 12 Babies Born In the U.S. Born To Illegal Immigrants

One Out of Every 12 Babies Born In the U.S. Born To Illegal Immigrants

Courtesy of Jr. Deputy Accountant 

Confession: my own son was technically born to at least one illegal immigrant in 2003 as his father had spent the last 15+ years battling the United States for the green card he’d been promised as a Nicaraguan refugee who escaped his hometown in the late 80s to avoid certain death through civil war. Nicaraguans who fled to the U.S. before 1995 were supposed to receive political amnesty but tell that to my son’s father, who only recently became an American after finally receiving a green card some time after our son’s birth. Don’t get me started on the thousands of dollars thrown away to immigration lawyers along the way.

Anyway, back to the real illegal immigrants.

CNN:

One of about every 12 babies born in the United States in 2008 was the offspring of unauthorized immigrants, a Pew Hispanic Center study released Wednesday concluded.

According to the study, an estimated 340,000 of the 4.3 million babies born in this country that year had parents who were in the United States without legal documentation.

The 14th Amendment to the Constitution stipulates that those children automatically become U.S. citizens, but some members of Congress are pushing to change that provision. That effort — rooted in the debate over illegal immigration, particularly of people from Mexico — has created some controversy.

The Pew Hispanic Center report may be found here and the summary gives some interesting details:

Unauthorized immigrants comprise slightly more than 4% of the adult population of the U.S., but because they are relatively young and have high birthrates, their children make up a much larger share of both the newborn population (8%) and the child population (7% of those younger than age 18) in this country.

These figures are based on data from the U.S. Census Bureau’s March 2009 Current Population Survey, augmented with the Pew Hispanic Center’s analysis of the demographic characteristics of the unauthorized immigrant population using a "residual estimation methodology" it has employed for the past five years.

The new Pew Hispanic analysis finds that nearly four-in-five (79%) of the 5.1 million children (younger than age 18) of unauthorized immigrants were born in this country and therefore are U.S. citizens. In total, 4 million U.S.-born children of unauthorized immigrant parents resided in this country in


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‘You Lie!’ Rep. Wilson’s Outburst

‘You Lie!’ Rep. Wilson’s Outburst

By Michael Scherer / Washington, courtesy of TIME

Rep. Joe Wilson (R-SC) shouts as U.S. President Barack Obama addresses a joint session of the U.S. Congress on Sept. 9, 2009
Rep. Joe Wilson (R-SC) shouts as U.S. President Barack Obama addresses a joint session of the U.S. Congress on Sept. 9, 2009

"You lie!"

Those words cut in politics. When directed at the President of the United States, during a prime time address to the nation no less, they cut deep.

So when Rep. Joe Wilson, a little known Republican and Army reserve veteran from South Carolina shouted them at the nation’s commander-in-chief on the night of Sept. 9, heads snapped. The House Chamber took a collective gasp. Nancy Pelosi, sitting behind Obama, tensed and scowled as if she had just witnessed a crime, her disgust unhidden.

Even Obama, who had just dismissed conservative claims that illegal immigrants would be able to take advantage of health-care reform, was taken aback. He looked to his left, adjusted his arm, part nervous twitch, part macho posturing, and shot back at Wilson, "That’s not true." And there, for a moment, the nation watched two men, elected to lead, call each other the worst thing in politics — dishonorable deceivers.

At the moment Wilson exploded, the outburst seemed like an assault on the President. Soon afterwards, it was clear that it had been a gift. Wilson had, in an emotional expression, proven Obama’s point: the summer of town halls had been less a discussion than a circus, a forum where misinformation was vindicated by passion, where disrespect was elevated as a virtue. Now the circus had come inside Congress.

The President’s seemingly simple statement, that "the reforms I am proposing would not apply to those who are here illegally," is not hard to check. In the Senate Finance Committee working framework for a health plan, which Obama’s speech seemed most to mimic, there is the line: "No illegal immigrants will benefit from the health care tax credits." Similarly, the major health care reform bill to pass out of committee in the House, H.R. 3200, contains a Section 246, which is called, "NO FEDERAL PAYMENT FOR UNDOCUMENTED ALIENS." Some Republicans have claimed that these protections are too weak, since they do not require stringent eligibility checks that would prevent illegal immigrants from gaming the system.

It did not take long for the condemnations to rain down on Wilson. Republican Sen. John McCain went on CNN to…
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Phil's Favorites

China's long-term problems are forcing it to rethink the whole economy

 

China’s long-term problems are forcing it to rethink the whole economy

Stuck in first gear. Yannes Kiefer/Unsplash

Courtesy of Kent Matthews, Cardiff University

The People’s Bank of China is encouraging Chinese banks to lend more to businesses and consumers by cutting the proportion of deposits that they have to hold as reserves by 0.5 ...



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Politics

China's long-term problems are forcing it to rethink the whole economy

 

China’s long-term problems are forcing it to rethink the whole economy

Stuck in first gear. Yannes Kiefer/Unsplash

Courtesy of Kent Matthews, Cardiff University

The People’s Bank of China is encouraging Chinese banks to lend more to businesses and consumers by cutting the proportion of deposits that they have to hold as reserves by 0.5 ...



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Zero Hedge

UK Joins US, AUS In Diplomatic Boycott Of China's Winter Olympics

Courtesy of ZeroHedge View original post here.

The UK joins an expanding list of countries that have imposed a diplomatic boycott of the Winter Olympics in Beijing over human-rights abuses in China, according to NYTimes

"There will effectively be a diplomatic boycott of the Winter Olympics in Beijing," Prime Minister Boris Johnson said Wednesday. The UK joins the US, Australia, Lithuania, and New Zealand in banning top officials from attending the Winter Games.

Johnson said the UK has "n...



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Biotech/COVID-19

Antibiotic resistance is at a crisis point - government support for academia and Big Pharma to find new drugs could help defeat superbugs

 

Antibiotic resistance is at a crisis point – government support for academia and Big Pharma to find new drugs could help defeat superbugs

Bacteria that are resistant to every available antibiotic in the U.S. already exist. Rodolfo Parulan Jr/Moment via Getty Images

Courtesy of Andre Hudson, Rochester Institute of Technology

Antibiotic resistance poses one of the most important health challenges of the 21st century. And time has already run out to stop its dire consequences.

The rise of ...



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Chart School

US Reserve Asset vs Gold and Silver

Courtesy of Read the Ticker

Gold and silver move relative to US interest rates and the US Dollar.

So lets use a custom index of US dollar and US 10 yr interest rates and see what happens.


shrink










NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of ...

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Digital Currencies

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

 

Stablecoins: these cryptocurrencies threaten the financial system, but no one is getting to grips with them

Safe as houses? iQoncept

Courtesy of Jean-Philippe Serbera, Sheffield Hallam University

Cryptocurrencies have had an exceptional year, reaching a combined value of more than US$3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from the public having tim...



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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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