PRATO, Italy— The first thing the firefighters saw was the arm sticking out of the barred window on the second floor of the factory. The fire station is two minutes from the Teresa Moda garment factory, on the edge of the main industrial zone of Prato, a town outside Florence. The first squad arrived around 7 a.m. Priority No. 1 was the arm in the window.» Read More
All this week, the NBC news family is focusing attention on "A Nation Divided," and ahead of President Obama's Silicon Valley visit on Wednesday, I was asked to look at the H1-B visa issue again, especially as it relates to the tech community and a new hiring wave.
We seem incapable of dealing with illegal immigration. As a nation, we're ambivalent about enforcing the law and securing the border. Like Prohibition, immigration is enforced intermittently, seemingly half-heartedly. Perhaps we should either get serious or throw in the towel.
Major demographic differences with the rest of the nation could present roadblocks for future social and education programs, while delayed retirement will affect housing and labor market trends.
Contrary to popular belief - and one often fueled by misperception and misinformation, major IT services companies do not hoard visas and they do not displace American workers. However, before favoring massive H1-B reform or outright abolishment, opponents should take a closer look at its implications from a global perspective.
Bank of America is starting to withdraw offers to some MBA students that graduate from US business schools this year, the Financial Times reported Monday.
Former GE Chairman Jack Welch visits Fast Money with a capital solution to immigration.
I received this response from a gentleman in Portland, Ore., to my previous post on housing and immigrtion. He happens to be a mortgage consultant. He's absolutely right. All of this seems to come right back to the lenders:
There’s an interesting article in the Washington Post today about immigration and housing being linked. This is not the first time I’ve discussed this, but generally we talk about it in terms of rising demand for housing. This article discusses how in Prince William County, VA, home prices and a rising Hispanic population went hand in hand.
Americans are relatively unconcerned about the subprime mortgage troubles, and they say President Bush is doing a better job, according to the latest NBC News/Wall Street Journal poll.
The U.S. government is planning a workplace crackdown on illegal immigrants after Congress failed to overhaul immigration laws, a Homeland Security Department spokesman said Wednesday.
An interesting op-ed in the Boston Globe last week from Nicholas P. Retsinas, director of the Joint Center for Housing Studies at Harvard University. The premise: baby boomers had better embrace immigrants, because they’re the ones who are going to buy their homes.
U.S. Commerce Secretary Carlos Gutierrez told CNBC’s “Morning Call” that June’s employment report shows the economy can grow without reigniting inflation. ... But he also said the job market underscores the need for immigration reform: “What I hear from companies and small businesses is you either have to give us a legal channel for workers or you’re forcing me to hire illegally or forcing me to go out of business,” Gutierrez said.
This week's collapse of comprehensive immigration reform made all of Washington look inept. But here's a glance at the biggest losers: Arizona Sen. John McCain. Once the front-runner for the Republican presidential nomination, Mr. McCain has seen his poll numbers dwindle as conservative activists cried “amnesty” over the bipartisan legislation he co-sponsored. His campaign blames fallout over the issue for contributing to his lagging fund-raising. .
President Bush suffered a major defeat on his plan to overhaul U.S. immigration laws Thursday when the Senate refused to close debate and advance the legislation.
Goldman Sachs Chief Executive Officer Lloyd Blankfein said market conditions are “quite benign” but he worries about a potential crisis in the credit markets. “Conditions seem quite benign if you look at the underlying fundamentals.” he said. He added, however, that “I think the biggest risk we face would be a crisis in the credit markets.”
The immigration bill will be brought back to the floor next week. Mark Krikorian, executive director from the Center for Immigration Studies and Jared Bernstein, CNBC’s Contributor and Senior Economist at the Economic Policy Institute shared their insights on the legislation on “Morning Call.”
Democratic presidential front-runner Hillary Rodham Clinton now leads top Republican Rudy Giuliani in a potential general election matchup for 2008, according to the latest NBC/Wall Street Journal poll.
President George W. Bush made a rare visit to Capitol Hill to drum up support for the beleaguered immigration bill. Observers wonder if the bill still has a chance to pass -- and who, if anyone, actually wants it. On "Power Lunch," CNBC's Bill Griffeth hosted a triumvirate of veteran political watchers weighing in on the issue: Jay Carney, Time Magazine's Washington bureau chief; Michael Abramowitz, Washington Post White House correspondent, and John Harwood, CNBC's chief Washington correspondent.
Texas Senator Kay Bailey Hutchison told “Morning Call” that she believes the bill on illegal immigration can be fixed.
President Bush challenged lawmakers to have the political courage to pass an immigration bill amid intense pressure from critics who call it amnesty and advocates who believe the current system is broken.