economy (240)

Rise of Latino population blurs US racial lines

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A historic decline in the number of U.S. whites and the fast growth of Latinos are blurring traditional black-white color lines, testing the limits of civil rights laws and reshaping political alliances as "whiteness" begins to lose its numerical dominance.

Long in coming, the demographic shift was most vividly illustrated in last November's re-election of President Barack Obama, the first black president, despite a historically low percentage of white supporters.

It's now a potent backdrop to

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The first thing you might notice when walking into Mi Pueblo Mexican Bakery is the aroma of freshly baked breads and burritos.

The next thing: laughter or friendly conversation coming from the store’s dining area, where friends gather for lunch or a quick snack after work.

On a recent Friday, two Spanish-speaking men sat at a table eating their lunch and laughing, while a woman ordered her meal in English and customers from various backgrounds shopped the market.

While Mi Pueblo sells a variety

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Latino Poverty Rate Climbs to 28%

8602383085?profile=originalWhile Latinos are gaining in political clout, they are also falling down the economic ladder, new Census numbers show.

Latinos poverty rates climbed to 28 percent after the census reconfigured its algorithm to take into account medical costs and government programs. The Hispanic poverty level rose after the government took into account safety-net programs such as food stamps and housing, which have lower participation among immigrants and non-English speakers.

Among the Findings:

—If it weren't

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8602379886?profile=originalAHAA: The Voice of Hispanic Marketing has released its third study in its Revenue Growth series revealing a positive connection between corporate Hispanic marketing and revenue growth specific for the Technology, Telecommunications and Entertainment categories. In fact, the data showed that Hispanic allocation alone explains about 30 percent of change in topline revenue growth among manufacturers of consumer hardware, software, content, and connectivity providers.

While other factors, such as pr

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5 Job-Search Resolutions for 2014

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January can be a game-changer for workers looking for a career break and moving on to (hopefully) greener pastures.

A U.K. study estimates that 25% of the British workforce calls January the best month for a "fresh start" to leave one job and start a new one.

That process usually starts late in the previous year, when workers feeling unsatisfied over their jobs start networking by sending feelers out on LinkedIn, reshaping their resumes and cover letters and scheduling job interviews. The execu

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New Mortgage Rules Could Help Latinos, CFPB Says

8602387698?profile=originalWith the country still reeling from the aftermath of the housing crisis and the economy in a slow recovery, the federal government’s consumer watchdog group introduced a new set of rules Thursday in an attempt to rebuild a shaky housing market and to protect homeowners from defaulting on loans.

The Consumer Financial Protection Bureau’s (CFPB) new rules could help Latinos homeowners who have been some of those hardest hit by the housing crisis of the past few years and the goal of the Bureau's n

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It's true that working women earn far less than their male counterparts: roughly 77 cents on the dollar. But try being a working Latina. Their situation is even more dire.

Latina women in the United States make just 55 cents for every dollar paid to white, non-Hispanic men, and only 60 cents for every dollar paid to men overall, according to an analysis of Census data by the National Partnership for Women and Families. The left-leaning advocacy group came to these findings by examining the 20 s

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Latinos bearing brunt of foreclosures

8602376854?profile=originalIt's been a few years since the big collapse and slowly the economy is starting to recover. Now that a few more companies are hiring and banks are lending again, it's a perfect time to play the blame game. Every week it seems as though there's a new study pointing the finger at someone else for the collapsed housing market.

This one's interesting. According to the Center for American Progress, Latinos are bearing the brunt of mortgage foreclosures. Nearly 12 percent compared to 9.8 for African A

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8602373499?profile=originalMany of the Latino baby boomers born from 1946 through 1964 are moving into elder years without the possibility of retiring. For instance, Patricia Aristizábal started her business of promotional products two years ago.

Although many of Aristizábal’s contemporaries are about to retire, the Colombian immigrant began a new career. For her, retirement is not around the corner.

“I don’t want to think that tomorrow I'm going to retire, or even in five or 10 years. I think I started to work late and s

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8602385294?profile=originalThe U.S. unemployment rate for Latinos fell to 9.9 percent in September, the lowest jobless rate in nearly four years, and the lowest level since President Barack Obama first took office.

Latino unemployment has hit a 45 month low as September marks the first time the Latino jobless rate has fallen below 10 percent since December of 2008, when it was 9.4 percent.

The number of unemployed Hispanics has dropped by nearly 20 percent since the number of unemployed Latinos hit its peak at over 3 mill

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What Limits Hispanic Entrepreneurs

8602385469?profile=originalWhen broadcast television and Internet data streams out of the Democratic National Convention this week, Louis Romero will be “feeling really good” about his company, Network Cabling Systems in Charlotte. That’s because the $8 million, 55-employee venture spent two months this year upgrading cable systems at one of the convention’s venues to accommodate coverage. “When we look at our president and the other political figures, we’ll know we had something to do with that,” says Romero, 50.

As a Hi

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8602369688?profile=originalThe number of Latinos who own and operate small businesses in Minnesota is booming. This state-wide trend is spreading to Moorhead.

Express Janitorial Services owner Jesus Gutierrez is making sure Fargo's Family Healthcare is squeaky clean.

Jesus Gutierrez – Express Janitorial Services: "I want to provide to my family whatever they need."

Gutierrez is pretty busy. He's got accounts all over the F-M area, including Moorhead's Menards.

Jesus Gutierrez: "I was an employee a couple years ago, and I

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CNN shuts down CNN Latino

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CNN Latino, the news network directed to the Hispanic market in the US, will close down its programming operations after a year, this February.

“CNN Latino was a bold effort to emphasize CNN’s commitment to the Hispanic market in the United States,” said Isabel Bucaram , a spokeswoman for CNN in Spanish.

“During 2013 we learned a lot and will use that knowledge to continue to innovate and evolve our presence in the Hispanic community in the United States,” Bucaram added. READ MORE

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10 reasons companies fail to reach Latinos

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In my experience working with Fortune 500 companies, I have found 10 reasons why management teams fail to capture a significant share of Hispanic consumers.

1. There is no company-wide alignment on making the Hispanic market a strategic initiative

Halfhearted efforts result in failure because they lack the rigor and discipline applied to every other aspect of the company’s business. For example, when entering an emerging market for the first time, a company conducts qualitative research to unco

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8602377474?profile=originalFor the first time, there are more black, Hispanic and other minority babies being born in the United States than white babies, according to government data released on Thursday that confirm a long-growing trend.

U.S. Census Bureau data show the United States is on its way to becoming "majority minority," with almost half of all young children currently from minority groups, including Hispanic, black and Asian.

As of July 1, 2011, 50.4 percent of babies younger than age 1 were minorities or of m

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Hispanic Homebuyer Mega Market Is Emerging

8602376668?profile=originalThe era of the Hispanic homebuyer is upon us, according to the 2011 State of Hispanic Homeownership Report released by the National Association of Hispanic Real Estate Professionals (NAHREP). The 36-page document offers an analysis of data on the Hispanic homebuyer market and points to youth, birth rates, household formation, rising purchasing power, labor trends, educational achievements and desire as key indicators that will make Latinos a major purchase force in the first-time homebuyer marke

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Hispanic women in the Un8602386254?profile=originalited States, who have generally had the highest fertility rates in the country, are choosing to have fewer children. Both immigrant and native-born Latinas had steeper birthrate declines from 2007 to 2010 than other groups, including non-Hispanic whites, blacks and Asians, a drop some demographers and sociologists attribute to changes in the views of many Hispanic women about motherhood.

As a result, in 2011, the American birthrate hit a record low, with 63 births per 1,0

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Why Are Latinos Not Saving for Retirement?

A new survey by ING Retirement Research Institute, by Forbes, revealed that Latinos aren't saving for their golden years.

Fifty-four percent of Latinos said that they felt "not very" or "not at all" financially prepared for retirement, a percentage that was higher than that of all other ethnic groups surveyed including African-Americans, whites and Asians.

The question now is why Latinos are not saving more money toward their retirement. While the ING survey reported that about a third of Latino

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Latinos make good Republicans

8602378657?profile=originalWhile attending the Republican National Convention, I received several emails and messages asking why, as Hispanic, I am a Republican. This question puzzles me a bit, because there is some implied assumption that if you’re Hispanic, by default you are expected to be a Democrat.

However, it seems to me that because of the values in the Hispanic community, it would seem only logical that Hispanics should actually be more aligned with the Republican Party than they would with the Democratic Party.

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8602371889?profile=originalFor years, America’s growing and mobile Latino population helped transform cities such as Atlanta and Las Vegas as well as many smaller communities. But the deep recession slowed this great dispersion, a new analysis shows, raising economic and political implications.

Between 2000 and 2010, the nation’s Latino population jumped 43 percent to 50.5 million, growing especially fast throughout the South and in smaller metropolitan areas in the Midwest and Northeast. The Latino populations more than

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