The New York Times Magazine ran a fabulous article on Sunday 10/14/07: The Capital of Capital No More? by Daniel Gross. Here Mr. Gross describes how much of the financial work that was done in New York City has followed American wealth out of the country. The largest IPO (initial public offering) to date, $19.1 billion, was staged in Hong Kong in 2006: Industrial and Commercial Bank of China.
All these geniuses who thought to make a quick buck by sending America's wealth to foreign countries are only now beginning to see that their strategy is strengthening other countries while it weakens our own country.
Yet, as New York dwindles in importance, Dallas has an opportunity to grab some of the business that New York is losing. Dallas, Texas, could become a financial center for Latin America.
Hispanics in America need to focus on a positive future with wealth and power. We must not be misled by Hispanic mis-leaders who want us to focus on causing strife and division over illegal immigration. Mis-leaders want Hispanics to think of themselves as victims. We need to think of ourselves as achievers and focus on success, not on complaining.
People in high finance stand in the middle of a river of money and help themselves to all they can get away with. You do deal for $10 billion and keep $50 million for yourself and you have only ripped off one half of one percent of the deal. Four of these deals and you have $200 million in your pocket for being a middle-man. This is what we should be focusing on, not parading in the street and waving Mexican flags.
Robert
Sunday, November 11, 2007
Saturday, October 27, 2007
Vincente Fox is a Humbug
Read the Dallas Morning News, "Great Divide: Vincente Fox Defends Mexican Immigrants' Pursuit of the American Dream," page 1 of the Points section, Oct. 14, 2007. Fox is so full of baloney. He calls the authorities of Irving, Texas xenophobes.
Americans have a right to dislike illegal aliens slipping across the border and flouting American laws.
In the same section is a related article, "Bush was So Deeply, Deeply Wrong, says Fox," where Fox says, "Immigration, say the xenophobes to the north, will destroy our American way of life."
Vincente Fox is a racist and a humbug. He is calling Americans xenophobes. He says we are against immigrants. Look at how Louisiana just elected the son of Indian immigrants, Bobby Jindal, their Governor. The Governor of California is an immigrant with an accent. Senator Barack Obama is running for President and he is the son of an immigrant. Contrary to Fox's insults, America does not hate immigrants. We vote them and their children into responsible positions of power.
Vincente Fox is a humbug. He is a disgrace to Mexico. The same way Fidel Castro emptied the prisons and insane asylums and sent them to Florida, Fox is sending the poor of Mexico into America to get rid of them. What he should do is reduce poverty in Mexico, but he won't do that. That would improve Mexico, and he doesn't want to do that.
I had a friend from India who came to America on an H1-B visa from Mexico. Why did that H1-B visa go to an Indian instead of a Mexican? Maybe Fox's government was too busy giving away comic books instructing Mexicans how to sneak into America to help Mexicans get in legally.
I am disgusted with Fox's double-talk.
Robert
Americans have a right to dislike illegal aliens slipping across the border and flouting American laws.
In the same section is a related article, "Bush was So Deeply, Deeply Wrong, says Fox," where Fox says, "Immigration, say the xenophobes to the north, will destroy our American way of life."
Vincente Fox is a racist and a humbug. He is calling Americans xenophobes. He says we are against immigrants. Look at how Louisiana just elected the son of Indian immigrants, Bobby Jindal, their Governor. The Governor of California is an immigrant with an accent. Senator Barack Obama is running for President and he is the son of an immigrant. Contrary to Fox's insults, America does not hate immigrants. We vote them and their children into responsible positions of power.
Vincente Fox is a humbug. He is a disgrace to Mexico. The same way Fidel Castro emptied the prisons and insane asylums and sent them to Florida, Fox is sending the poor of Mexico into America to get rid of them. What he should do is reduce poverty in Mexico, but he won't do that. That would improve Mexico, and he doesn't want to do that.
I had a friend from India who came to America on an H1-B visa from Mexico. Why did that H1-B visa go to an Indian instead of a Mexican? Maybe Fox's government was too busy giving away comic books instructing Mexicans how to sneak into America to help Mexicans get in legally.
I am disgusted with Fox's double-talk.
Robert
Sunday, October 14, 2007
Economics, Not Immigration, is the Issue
The Monday, October 8, 2007 issue of the Wall Street Journal had an Op-Ed piece (page A18) by Mary Anastasia O'Grady, "No Room for Entrepreneurs." She pointed out the importance of entrepreneurship for growing economies and highlighted the poor record many Latin American countries have in supporting entrepreneurship.
Latin America is an ocean of poverty and the illegal immigration problem we have is the overflow of poverty from south of the border. Hispanic leaders who wring their hands with worry over the plight of illegal aliens in America, while doing nothing to give Mexicans better lives within their own country, are frauds.
The Mexican government sends their people North instead of giving them better lives in Mexico. Hispanic leaders in America should worry less about helping illegal aliens avoid deportation and worry more about reducing corruption and improving opportunities in Mexico.
It is shameful how the poor of Mexico are used as political footballs by the Hispanic politicians.
Robert
Latin America is an ocean of poverty and the illegal immigration problem we have is the overflow of poverty from south of the border. Hispanic leaders who wring their hands with worry over the plight of illegal aliens in America, while doing nothing to give Mexicans better lives within their own country, are frauds.
The Mexican government sends their people North instead of giving them better lives in Mexico. Hispanic leaders in America should worry less about helping illegal aliens avoid deportation and worry more about reducing corruption and improving opportunities in Mexico.
It is shameful how the poor of Mexico are used as political footballs by the Hispanic politicians.
Robert
Monday, September 3, 2007
The Wealth of Carlos Slim and the Poverty of Mexico
The Wall Street Journal ran an Op-Ed piece, "Slim Pickings" by Burton W. Folsom, in the Wednesday August 29, 2007 issue. Mr. Folsom's point was that American billionaires offered products to Americans at good prices, while Carlos Slim ran monopolies that gouged his customers while providing poor service.
Carlos Slim recently became news by becoming richer than Bill Gates. Many people are amazed that such a poor country, Mexico, could make one of their citizens the richest man on earth while the rest of the country groans in abject poverty.
The article also said that government laws and regulations have a huge influence on the economy. The flawed regulations choke growth for the nation, although not for the wealthiest few.
Hispanic Americans should care more about flaws in Mexican politics and economic policy than in the false concern of promoting illegal immigration into America.
If Mexicans had good economic opportunities, they would not have to sneak across the border.
Robert
Note: Carlos Slim was mentioned here earlier.
Carlos Slim recently became news by becoming richer than Bill Gates. Many people are amazed that such a poor country, Mexico, could make one of their citizens the richest man on earth while the rest of the country groans in abject poverty.
The article also said that government laws and regulations have a huge influence on the economy. The flawed regulations choke growth for the nation, although not for the wealthiest few.
Hispanic Americans should care more about flaws in Mexican politics and economic policy than in the false concern of promoting illegal immigration into America.
If Mexicans had good economic opportunities, they would not have to sneak across the border.
Robert
Note: Carlos Slim was mentioned here earlier.
Saturday, August 11, 2007
A Hispanic Vision for Mexican Americans
Mexican-Americans need to think globally. Mexico should be part of that global vision. The problems in Mexico cannot be ignored.
The Wall Street Journal on Friday August 3, 2007, published an excellent op-ed piece on deficiencies in the Mexican economy, "Mexico's Job-Creation Problem," by Joel Kurtzman. Mr. Kurtzman identified problems and we should care about those problems. One is the excessive concentration of wealth. Kurtzman described some inefficient monopolies and also mentioned Carlos Slim.
The very next day, August 4, had an article in the Journal about Slim: "The Secret's of the World's Richest Man," by David Luhnow. The article said Carlos Slim was more powerful than the Mexican government. It seems obscene for the world's richest man to live in such a poor country.
It is possible for the rich to rob the poor. America did it with sub-prime mortgages. We cannot help but wonder how much of Mexico's poverty is created by the business practices of the Mexican rich.
Kurtzman's article also identified the lack of credit in Mexico as a force stifling business growth in Mexico.
Mexico is not poor because of a lack of natural resources. The people are poor because their leaders have impoverished them. Mexican-Americans should provide the leadership to help the Mexican people overcome the weakness of their leadership class.
It is a mistake to sue American cities that try to deal with too many illegal aliens. The problems that hurt Mexicans are not in American cities, the problems are in Mexico.
Robert
The Wall Street Journal on Friday August 3, 2007, published an excellent op-ed piece on deficiencies in the Mexican economy, "Mexico's Job-Creation Problem," by Joel Kurtzman. Mr. Kurtzman identified problems and we should care about those problems. One is the excessive concentration of wealth. Kurtzman described some inefficient monopolies and also mentioned Carlos Slim.
The very next day, August 4, had an article in the Journal about Slim: "The Secret's of the World's Richest Man," by David Luhnow. The article said Carlos Slim was more powerful than the Mexican government. It seems obscene for the world's richest man to live in such a poor country.
It is possible for the rich to rob the poor. America did it with sub-prime mortgages. We cannot help but wonder how much of Mexico's poverty is created by the business practices of the Mexican rich.
Kurtzman's article also identified the lack of credit in Mexico as a force stifling business growth in Mexico.
Mexico is not poor because of a lack of natural resources. The people are poor because their leaders have impoverished them. Mexican-Americans should provide the leadership to help the Mexican people overcome the weakness of their leadership class.
It is a mistake to sue American cities that try to deal with too many illegal aliens. The problems that hurt Mexicans are not in American cities, the problems are in Mexico.
Robert
Sunday, July 8, 2007
Hispanics and a Texas Renaissance
In my Hispanic Vision I see the Hispanic community contributing to the economy and culture of Texas as leaders, not as cheap labor. Texas can have a renaissance and Hispanics can contribute to it. Click on this link to learn more about the Texas Renaissance.
Robert
Robert
Wednesday, July 4, 2007
Hispanics must avoid being racists
The Sunday June 3, 2007 Dalla Morning News published an opinion piece by Linda Chavez. The article was: Here's what immigration debate is really about: fear of "the other"
It was a poorly done opinion piece. It was racist. It stooped to ad hominem arguments. It is a textbook example of bad reasoning, a paradigm of poor thinking, and an excellent example of the lack of leadership in the Hispanic community.
All America is suffering from a leadership crisis, so it is to be expected that the Hispanic community shares the fate of the nation.
The Hispanic community needs a positive vision for itself and the entire Hispanic world. There is nothing positive in racism. The Hispanic community and those who think of themselves as leaders in the Hispanic community need to put aside racism and think about a positive future.
Robert
It was a poorly done opinion piece. It was racist. It stooped to ad hominem arguments. It is a textbook example of bad reasoning, a paradigm of poor thinking, and an excellent example of the lack of leadership in the Hispanic community.
All America is suffering from a leadership crisis, so it is to be expected that the Hispanic community shares the fate of the nation.
The Hispanic community needs a positive vision for itself and the entire Hispanic world. There is nothing positive in racism. The Hispanic community and those who think of themselves as leaders in the Hispanic community need to put aside racism and think about a positive future.
Robert
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