Friday, January 28, 2022

Puerto Rico is close to resolving its five- year bankruptcy battle

Puerto Rico is closer to resolving its five-year bankruptcy battle after a federal judge approved a restructuring place that would reduce a substantial amount of the $70 billion debt. This week, the restructuring plan approved cutting part of the debt down to about $7 billion. Puerto Rico will commit at least 10% of its general […]

Democrats Fight to Include Immigration in ‘Build Back Better’ Bill

Democrats continue to fight to secure protections for undocumented immigrants. Their latest attempt is to include immigration in the “Build Back Better” economic bill, which would expand the U.S. social safety net. Some Democrats have stated that they would not support the economic bill unless immigration is included. House Speaker, Nancy Pelosi can only afford […]

Business groups and experts on both sides of the border concur: Mexico’s new laws targeting sale of certain foods will not solve COVID-19 infections and deaths – only real investments will

Last week the United States Hispanic Chamber of Commerce (USHCC) in collaboration with a coalition of border business leaders, expressed serious concern for proposed laws prohibiting the sale of certain foods and beverages to minors, effectively targeting the manufacturing industries in Mexico. USHCC believes these laws could not only negatively affect trade, but also affect […]

Latino Unemployment Rates Drop to Record Lows

The unemployment rate among Latino and Hispanic Americans fell to 4.7 percent this November, the lowest level on records since 1973.

GOP Tax Plan Hurts Latinos

Having made its way through the House, the tax bill is scheduled to go before the Senate for a vote in the coming days. If adopted, the tax bill could mean major setbacks for Latinos in health and income inequality.

Trump’s America First Environmental Policy Agenda: Killing Clean Energy and Targeting Latinos

The Trump Administration’s decision to backtrack from the Obama-era Clean Power Plan (CPP) is a continuation of its attacks on environmental protections and underscores its anti-science policy agenda, and policies that discriminate against communities of color with unparalleled precision.

Young Bicultural Latinas Gaining Consumer Power

According to new data, there are 28 million Hispanic females living in the U.S. who are gaining consumer power and influence. Latinas are now in the driver’s seat of U.S. growth. “Marketers are looking at a new Latina,” explains Stacie M. de Armas, vice-president of Strategic Initiatives & Consumer Engagement at Nielsen. “While she is […]

US Retailers Feeling the Effects of Immigration Worries by Hispanic Spending

New Hispanic trends indicate Hispanics are cutting back on spending and buying only essential goods in response to harassment by immigration or law enforcement officials. Already-struggling consumer companies have cited this change in consumer behavior by the country’s-fastest-growing ethnic group as a cause for worry. In late July, Target Chief Executive Brian Cornell at a conference […]

Sole Hispanic Leader Remains on Trump’s Diversity Council for Now

In the week following the riots in Charlottesville, while many businessmen have chosen to part ways with Trump’s business councils, one Hispanic leader is choosing to stay put for now. Javier Palomarez, President and CEO of the United States Hispanic Chamber of Commerce, has decided to remain on President Trump’s National Diversity Council to keep […]

Report: How Latinos Are Powering the U.S. Economy

A new report finds that the Latino population in the U.S. has a price tag of about just over two trillion dollars. If the Latino Gross Domestic Product (GDP) were its own country, it would rank as the 7th largest in the world, according to data publicly available at the U.S. Department of Commerce and […]