Immigration and End of the American Melting Pot

Immigration and End of the American Melting Pot

The immigration issue has once more bubbled to the surface in America because of the provocative statements and assertions by one of the Republication contenders for their party’s presidential nomination. Immigrants – especially illegal immigrants – are accused of...

Bush Bails out Brazil–and Wall Street

United Airlines, to stave off bankruptcy, wants $1.8 billion dollars in federal loan guarantees. With the exception of Southwest Airlines, all major airlines now lose money, with United — one of the highest-cost airlines — incurring losses of nearly a...

Creating Poverty in South America

Several years ago, I was invited to deliver a lecture in Porto Alegre, a beautiful city in southern Brazil. Before my lecture, I did a bit of window-shopping and visited a couple of computer supply stores. Everything in the store sold for two and three times the...

A Mexican VISA-Vending Scandal

President Bush signed an immigration reform bill last month that will supposedly make our borders “more secure” and “smart.” But “smart” technology can’t cure corrupted borders. This new law won’t do much good if our own...

Brazil’s War on Profit and Lives

Imagine that you are suffering from an incurable disease, which slowly wastes away your body and leads inevitably to death. One day, a scientist working with a pharmaceutical company discovers a drug that vastly increases your chance of survival. Do you: A) offer him...

The IMF in Brazil = Inflation + Recession

Although history has shown currency devaluation to be roughly synonymous with inflation and recession, Brazil’s central bankers seem unconcerned. Brazil’s monetary policy chief Luis Figueiredo scoffed at a September upturn in inflation which surprised many...

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