The View From The Border: The Gang of 8 Offer A Failed Plan
So there’s a big push these days to reform immigration laws. Given the importance and sensitivity of this venture, maybe the eight leading lights of the US Senate putting together a grand strategy should invite over the people who actually enforce the border and hear some words of wisdom from those whose boots are on the ground. You would think. But somehow that hasn’t transpired, so the National ICE Council (a union representing about 7,000 border guards and staff) decided to opine at large. Christopher Crane offers their perspective.
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“The plan of the Gang of Eight appears to be legalization, or amnesty first, and then enforcement. That is a big problem for us,”… “If we don’t take care of the enforcement part of this first, it will never happen. The only thing that will happen will be that 11 million illegal aliens will be legalized, and 10 to 20 years from now the nation will again be facing the influx of another 10-20 million illegal aliens,” he said. “And all the problems and expenses associated with that we will be right back to where we are right now, with a failed immigration system.”
An Upbeat Jobs Report and the Burdens of Student Debt
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the surprisingly upbeat February jobs report, the massive amount of student loan debt and how it will impact the economy.
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The Job Killers Insist You Hire Criminals
The Equal Employment Opportunity Commission (EEOC) released Enforcement Guidance in April, 2012 saying that employers who rely too heavily on criminal background checks to screen potential employees may violate the Civil Rights Act. Meanwhile, the President and his economic team want to saddle employers with a minimum wage increase, which will make those with a criminal record even less attractive to hire. Making it harder to | Read More »
Low-Skilled Workers and the Minimum Wage
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss disappointing retail sales for January, Obama’s call to raise the minimum wage and how the labor market hurts low-skilled workers.
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White House job council closes as unemployment rate increases.
…Oops? Andrew Malcolm is quite blunt: As the Labor Department today reported more disappointing hiring news for January, including an unexpected jump in the unemployment rate, President Obama joined thousands of other American employers and let his own White House jobs council go. The President’s Council on Jobs and Competitiveness expired in obscurity Thursday in an unmarked bureaucratic grave. Created two years ago to display | Read More »
Wall Street’s Reality Is Divorced From Our Own
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss January unemployment numbers, Q4 GDP, and why Wall Street’s reality is so drastically different from Washington and main street.
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An Open Letter To Rahm Emanuel
Dear Mayor Rahm Emanuel, In the past 13 months the city of Chicago has seen nearly 550 murders, 42 of them in the month of January alone. It is more deadly to be on the streets of Chicago than the battlefields of Afghanistan. Nearly all of these murders under your watch have been a result of gang members using handguns, something which the city of | Read More »
Tags: 2nd Amendment
, Assault Weapons Ban
, Concealed Carry
, Gun control
, gun crime
, Rahm Emanuel
, Ted Cruz
Barack Obama finally embraces Supply Side Economics – but adds just a wee hint of redistribution
Last week the Bureau of Labor Statistics released a report that said that the labor force participation rate (LFPR) dropped to 63.6%, the lowest rate since Jimmy Carter was in office. Essentially that means that of the population of 16 year and older, 37.4% of them decided not to work or not to seek work. That’s 88.8 million people! To put that in perspective, when | Read More »
New Obama Normal: Poverty, Unemployment, Big Biz Stocks up
Judged by the results of their policies, Democrats are the party of Big Business and don’t care about the poor and middle class. Except for the deleterious effect of their economic, social and national security policies, nothing enrages me more about Democrats (elected, media and grassroots) than their claims that conservatives, tea partiers and Republicans generally are racist, sexist, bigot, homophobes that care not for | Read More »
PowerTalk – The Fiscal Cliff, Debt Ceiling, The Economy & The Mood On The Floor of the NYSE
This week’s PowerTalk interview is with Keith Bliss, Senior Vice President at Cuttone and Company, one of the largest floor brokers on the New York Stock Exchange (NYSE). Keith is an old friend of mine, and he shares what he sees from the trading floor these days. He starts the conversation off by saying 2013 is shaping up to deliver a lot more of the | Read More »
, debt ceiling
, fiscal cliff
, Goldman Sachs
, interest rates
How Long Before We Reach 6.5% Unemployment?
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the nomination of Jack Lew to be the next Treasury Secretary, dire projections about the length of time until we reach the magic 6.5% unemployment and what it will take to get us there.
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A Year of Stagnation: The Final Jobs Report of 2012
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the December unemployment report, the stagnating economy of 2012 and what Fed minutes predict for 2013.
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The House Must Act Now
Well, we really stuck it to the rich at 1:39 in the morning. Whew, now we can breathe a sigh of relief. The 40 Republicans who voted for Obama’s stimulus bill had to swallow hard voting for over $100 billion in new spending just in 2013, but at least those of us who are not super rich won’t see our taxes increase this year. Oh | Read More »
Need a job? Go. To. North. Dakota.
After reading this plaintive essay by the New York Times about young voters discovering what happens when they vote against their class interests by voting Democratic (short version: they end up on the street), my first reaction was simply to shrug. But that’s not nice. What is nice is offering these people actual advice, because passages like this: Two months ago, Mr. Tano gave up | Read More »
Charles Krauthammer on Michigan unions: The “moral calculus” of higher wages combined with higher unemployment
Charles Krauthammer: But there is another factor at play: having a job in the first place. In right-to-work states, the average wage is about 10 percent lower. But in right-to-work states, unemployment also is about 10 percent lower. Higher wages or lower unemployment? It is a wrenching choice. Although, you would think that liberals would be more inclined to spread the wealth — i.e., the | Read More »
Tags: Charles Krauthammer
, Rick Snyder
, right to work
, United Auto Workers