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Monday, October 6, 2014

They Took Their Jobs: Obama’s Crackdown on Migrant Workers

US Immigration Policy Kills Small Business, Feeds Prison-Industrial Complex



It seems like it was only yesterday that conservative politicians and media figures were showing solidarity toward refugee children stuck at the US border.
Where did all the enthusiasm go?
As the immigration reform debate appears to lose momentum, and an incongruous Congress pretends the coming election cycle is all about the Middle East, President Obama vows to use his executive power to act on the matter. President Obama’s “reforms,” however, will not bring the changes necessary to address the problems that have facilitated the increased flow of child migrants to the United States since 2012.

“He Wouldn’t Have Made It without the Latino Vote”

Aside from the recent round of debate, immigration has always been a sensitive issue for the Obama administration; not because the issue is particularly important to the president, but because it sounds good when he pretends to care.
US Immigration and Customs Enforcement pursues migrants who are willing to work..
US Immigration and Customs Enforcement pursues migrants who are willing to work. (Wikipedia)
During his presidency, Obama has overseen the US Immigration and Customs Enforcement (ICE) bully a record number of companies over their hiring practices. Under his watch, ICE has collected nearly US$13 million in fines from companies whose sole crime has been to exercise their right to hire whomever they like.


Argentina Joins the “VIP Club” in Contempt of US Justice

New York Judge's Ruling Does Not Bode Well for South American Nation's Economy

Argentina becomes only the third nation in history be in contempt of US courts.
Argentina becomes only the third nation in history be in contempt of US courts. (IA)
EspañolNew York Judge Thomas Griesa declared Argentina to be in contempt during the last hearing involving the vulture-funds case. NML Capital and other holdout bondholders requested that Judge Griesa impose such a penalty, given the country’s failure to pay the US$1.3 billion owed.
Even though Griesa had twice rejected their request, this last hearing was scheduled for the purpose of this issue specifically, and a ruling against Argentina was expected. However, the judge chose not impose the $50 million daily fine that Paul Singer and the other holdouts requested.


Not Worth a Penny: Venezuelan Bolívar Crumbles to Record Low

Official Exchange Values Currency 16 Times Higher than Black Market

ft-cien-bolivares
The 100-bolívar bill will no longer buy even a single US dollar at the black-market exchange rate. (ParaleloDolar)
EspañolThe black-market currency exchange for Venezuelan bolívares passed a milestone on Friday, and not in a good way. The troubled currency has fallen in value to such a degree that one now needs more than 100 for each US dollar, as documented by DolarToday.com.


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