Risk-averse young investors ignoring booming equity markets

EL PASO – When Candace Olivas gets home after work she drops her bag full of nursing textbooks and right away turns on the TV, flips through the channels, and turns up the volume as news about the Dow Jones Industrial Average, NASDAQ and S&P; 500 blasts through her apartment. Numbers from the day’s stock market trading session shine from the screen onto her intense eyes. Olivas, 22, is not a stockbroker, but a young American stock market investor. “I always felt that only way to gain wealth in today’s world is either starting your own business and making it big or investing in the stock market,” Olivas said. Olivas, who recently graduated with honors from the University of Texas at El Paso nursing program, is one of the few young Americans investing in the stock market.

Border job growth tied to better college prep, school funding

EL PASO – Political and community leaders on the U.S.-Mexico border are promoting improved college graduation rates as a key to future economic development in the region. The importance of increasing the number of college graduates to attract and fill high skill, high paying jobs was a big part of the discussion at the 2014 Border Legislative Conference Sept. 12 in El Paso. The conference brought together civic, political and business leaders from both sides of the border to talk about issues of trade, commerce, mobility and education. “There must be a push for higher education in order for the border region to succeed,” said Rep. Joaquin Castro, D-Texas.

Teacher trades time for big savings with extreme couponing

EL PASO – Every Sunday is like Christmas for Diana Lopez when she sorts through stacks of coupons and thinks about all the things she’ll be able give and receive. “I get very excited when it’s Sunday because it’s time to go shopping and save some money,” she said as she outlined her weekly routine that has saved her thousands of dollars over the years. Her day starts at her local Dollar Tree where she picks up the Sunday newspaper to find the coupons and sales at area stores. Lopez, 27, a special education teacher at Dolphin Terrace Elementary School, has been hooked on coupons since she was 24 years old, when she realized she was paying so much for clothes and food that she wasn’t able to build up much of a savings. “Many people think that using coupons is embarrassing and a waste of time but what if I my total was $112.64 and I ended up paying $19.02 with coupons?”
Using coupons has helped Lopez and her husband save enough to be able to afford a two-story house valued at more than $190,000.

Senate told policy changes needed to reverse economic inequality in U.S.

By Rocky Asusta – SHFWire.com

WASHINGTON – Skewed economic policies are a driving factor for economic inequality in the United States. That’s the opinion of witnesses at a hearing held by the Senate subcommittee on economic policy Sept. 17 chaired by Sen. Jeff Merkley, D-Ore. Areas of significant difference in policy were taxes and deficits, trade and globalization, regulation of business and labor protection. “Every day thousands of lobbyists come onto the hill and seek to influence policy debates, usually in favor of the interests of more affluent citizens.

Lawmakers call for more transparency in port-of-entry funding

WASHINGTON – Texas needs more funding for its ports of entry. So does Michigan. Lawmakers from both states berated federal officials Wednesday for failing to improve the ports and for not even having a current list of which ports are on a list for funding. “The lack of transparency is troubling, to put it kindly,” Rep. Candice Miller, R-Mich., said during a House subcommittee on Border and Maritime Security hearing. “Customs and Border Patrol cannot continue to be a big black hole when it comes to ports of entry infrastructure needs, which can impact both trade facilitation and homeland security.”

Infrastructure needs at ports of entry often refers to CBP staffing, identification technology and roads.

The U.S. has invested more than $100 billion on border security over a seven-year period. (Sergio Chapa/Borderzine.com)

New economic opportunities on the U.S.-Mexico border amid the Drug War

Violence in Mexico has reached unprecedented levels, particularly since 2006 when former Mexican President Felipe Calderón declared a “war on drugs” and incorporated the military into the fight against transnational organized crime. Much of the violence, concentrated in the country’s northernmost border with the United States, has been accompanied by the widespread use of visceral, terror-inducing methods such as decapitation, dismemberment, mass kidnappings, public executions, car bombs, grenade attacks, and blockades. To date, Mexico’s drug war has “officially” claimed more than 70,000 lives, with an additional 27,000 disappearances linked to organized crime. In reality, the numbers are likely much higher, with some estimates placing the death toll at more than 100,000. At the same time, thousands of citizens have become internal refugees, displaced within Mexico or forced to move abroad.

Exodus from Ciudad Juárez impacts El Paso economy

La Juárez vacía

CIUDAD JUÁREZ, México — Roaming the city is not what it used to be; the once busy and bustling city is losing money and residents very quickly. Recent provisional data from the INEGI show that Juárez has lost about 24% of its population. A city of 1.3 million has shrunk to one million, and 60 thousand families have migrated to other areas of Mexico or to the U.S.

As a result of this people flight, statistics from the Colegio de la Frontera Norte reveal that 116,000 houses have been abandoned, leaving 24% of the city’s homes empty. Yet those statistics may be erroneous because a study form the Universidad Autónoma de Ciudad Juárez reveals that the sum might be closer to 100 thousand families leaving the city, leaving half a million (or about 40%) less inhabitants. These latter numbers do coincide; an article posted by the Diario de Juarez states that since 2006 nearly 110 thousand Mexican citizens asked for political asylum in the U.S., but only 183 obtained the asylum, less that 2% of the total.