Open almost any urban newspaper to the foreclosure notices and you’ll find the list heavy with Hispanic names. Times are tough for Americans of every demographic, but for Latinos they are grimmer still.
Is this the end of the Latino-American Dream? The answer, in Spanish and English, is “no.”
President Obama has unveiled a $75 billion plan that includes helping homeowners who are behind in their monthly payments but could keep up if their mortgage terms were eased a bit. Many Latinos would fit
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What does the worst recession in a generation look like?
It is both deep and broad. Every state in the country, with the exception of a band stretching from the Dakotas down to Texas, is now shedding jobs at a rapid pace. And even that band has recently begun to suffer, because of the sharp fall in both oil and crop prices.
Unlike the last two recessions — earlier this decade and in the early 1990s — this one is causing much more job loss among the less educated than among college graduates. T
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You’ve been out of work for a year now and you are wondering what’s ahead.
Or you are one of many couples who lost a paycheck and you are trying to get by on one only. Or you are middle-aged and had a good-paying factory job. But there are very few factory jobs today in your Rust Belt city. Or you are black or Latino and a lot of your friends can’t find a job either.
Where are we headed at the start of 2010?
As a number of recent reports point out, the Great Recession still hangs heavily over
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The ax fell without sound or shadow: Tatiana Gallego was suddenly called into human resources and laid off from her job as an admissions counselor for a fashion college.
"The way people tried to explain it to me was, I was the last one hired so I was the first one out," said Gallego, 25, who had worked there for 17 months.
Last hired, first fired: This generations-old cliche rings bitterly true for millions of Latinos and blacks who are losing jobs at a faster rate than the general population
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The recession has hit Hispanic immigrants especially hard. They have suffered more job losses than most other workers, and their earnings remain lower than those of other groups. Among foreign-born Hispanics, an estimated 47 percent are illegal immigrants. Although some of those immigrants have been pushed by the economic slump to leave the United States, most have stayed and are struggling to hold on to jobs.READ FULL STORYRead more…
As the economic crisis gathered steam last year, Americans became increasingly stressed out and experienced worsened mental health — a trend that continues today, according to a landmark Gallup-Healthways poll out this week.
Done nearly every day in 2008 and still ongoing, the survey of 355,334 people is believed to be the largest, longest and most thorough poll showing how emotional well-being shifts with economic changes. READ FULL STORYRead more…
The immigration issue has receded in importance for Latinos amid their mounting alarm over the economy, according to a nationwide poll released yesterday by the nonpartisan Pew Hispanic Center.
Only 31 percent of Latinos surveyed cited immigration as an "extremely important" priority for the incoming Obama administration, ranking the issue behind not only the economy but education, health care, national security and the environment. READ FULL STORYRead more…
A Washington think tank says Nevada had the highest unemployment rate among Hispanics in the U.S. in the second quarter of 2009.
The Economic Policy Institute, a labor-leaning economic think tank, says in a report that the state's unemployment rate among Hispanics was 16.4 percent. California came in second at 15.7 percent.
The report says the rate is due in part to a large number of job losses in the construction industry.
The overall Nevada unemployment rate in the quarter was 11.3 percent.
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Banco Azteca, controlled by Mexican billionaire Ricardo Salinas, says the financial crisis offers the bank a chance to enter the U.S. market and lure Hispanic customers.
The bank is considering bringing its core products -- money transfers, loans of less than $300 and life insurance for $4 a week -- to California, Salinas said in an interview yesterday in San Diego. Hispanics make up a third of the state’s population of about 37 million, according to the U.S. Census Bureau.
“With the credit cr
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