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Daily Archives: August 3, 2011

Brookings: Immigration and Poverty in America's Suburbs

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Immigration and Poverty in America’s Suburbs – Opportunity and Well-being, Immigration, U.S. Poverty, Race, Ethnicity, Roberto Suro, Jill H. Wilson, Audrey Singer – The Brookings Institution, August 2011: “An analysis of poverty levels among U.S.-born and foreign-born residents in the nation’s 95 largest metropolitan areas in 2000 and 2009 shows that:

  • Foreign-born residents of America’s suburbs experienced markedly higher poverty rates (14.1 percent) than the U.S. born (9.8 percent) in 2009. The 2.7 million foreign-born poor in the suburbs represented one of every five suburban residents living in poverty.
  • Immigrants accounted for almost a third (30 percent) of overall population growth in the suburbs from 2000 to 2009, but less than a fifth (17 percent) of the increase in the poor population. The suburbanization of poverty accelerated most among the U.S. born
    who accounted for 83 percent of the growth in suburban poverty.

  • Between 2000 and 2009 immigrants contributed more to the growth of the suburban poor population in the South than in other regions. In Washington, D.C., 40 percent of the growth in the suburban poor was due to immigrants, while they contributed just 11 percent in Detroit. In 2009, immigrants made up the highest share of suburban poor in the West (27 percent) and the lowest in the Midwest (10 percent). In Miami, Los Angeles, McAllen, and Fresno, immigrants made up more than one third of the poor population living in
    suburbs.”

    • New GAO Report: Firms Having Commercial Activity in Iran's Oil, Gas, and Petrochemical Sectors

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    Firms Reported in Open Sources as Having Commercial Activity in Iran’s Oil, Gas, and Petrochemical Sectors, GAO-11-855R, August 3, 2011 “Using open source information, we identified 16 foreign firms that had commercial activity in Iran’s oil, gas, and petrochemical sectors from January 2010 through May 2011, including 2 firms not listed in our prior report.… Continue Reading

    McAfee Releases Online Banking Safety Guide for the 47 Percent of Consumers Who Are Underprotected

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    News release: “Acting on recent data that reveals many consumers still aren’t protected by even basic antivirus software when banking online, McAfee today released an educational guide for banking safely on computers, tablets or mobile devices. According to Javelin Strategy & Research, in 2010 47 percent of household financial managers did not have antivirus software… Continue Reading

    Report – Mapping global capital markets 2011

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    Mapping global capital markets 2011, August 2011 “The 2008 financial crisis and worldwide recession halted a three-decade expansion of global capital and banking markets. Today, growth has resumed, fueled by expansion in developing economies but also a $4.4 trillion increase in sovereign debt. The total value of the world’s financial stock, comprising equity market capitalization… Continue Reading

    Hot Wheels 2011 – top three stolen vehicles in the nation continue to be older Honda and Toyota models

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    “The National Insurance Crime Bureau today Hot Wheels — its list of the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determines the vehicle make, model, and model year most reported stolen in 2010.” Continue Reading

    Dow Jones Indexes Adds Shari’ah-Compliant Index To Dow Jones RBP Index Family

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    News release: “Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Islamic Market RBP U.S. 50 Index, a unique gauge designed to measure the largest 50 U.S. stocks ranked by RBP® probabilities supplied by Transparent Value, LLC that have first passed the screens for Shari’ah compliance. RBP®, which… Continue Reading

    OECD: Draft of the High-level Principles on Financial Consumer Protection

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    Draft of the High-level Principles on Financial Consumer Protection for public consultation, August 1, 2011 “Financial consumer protection should be an integral part of the legal and regulatory framework, and should reflect the diversity of national circumstances and global market and regulatory developments in the financial sector. Regulation should reflect and be proportionate to the… Continue Reading

    BIS: The value of repeat lending

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    The value of repeat lending – by Blaise Gadanecz, Alper Kara and Philip Molyneux. Working Papers No 350, July 2011 “The unique structure of syndicated lending results in information asymmetries within the lending syndicate between banks of varying degrees of seniority. While previous studies have attempted to use indirect proxy measures to capture the effects… Continue Reading