|Tuesday, March 11, 2008 • Volume 4, Issue #280||Home||Research||Magazine||Contact Us|
|Top Stories||Complimentary Hispanic Business subscription|
Lawmakers on both sides of the aisle are pushing bills that crack down on illegal immigration, keeping the issue alive in Congress during a volatile election year. While conservative Democrats in the House are focused on the SAVE act, which has 91 Republican co-sponsors, the National Council of La Raza is warning that the Democratic leadership risks alienating millions of Hispanic voters.
New York Gov. Eliot Spitzer, accused of being a client in a prostitution ring, apologized publicly for violating his "sense of right and wrong." In a hastily called news conference, the state's former attorney general apologized to his family and the public. Spitzer was caught on a federal wiretap recording arranging a meeting with a prostitute at a Washington hotel, a person briefed on the federal investigation told The New York Times.
Banco Bilbao Vizcaya Argentaria SA said it has received clearance by the U.S. Federal Reserve to integrate its four U.S. banks into a single entity.
The geographic dispersion of the U.S. Hispanic population continues. States with small Hispanic populations have shown the greatest growth in the last decade — with seven of the 10 fastest-growing states in the South.
Advertisers' efforts to reach Hispanic consumers are becoming more targeted, and language is a major factor. Advertisers spent more than $3.3 billion to market products to U.S. Hispanics in 2005, a 6.8 percent increase from 2004.
|From the current issue of Hispanic Business magazine...|
Sooner or later entrepreneurs will need business capital, and while private equity is one of the most coveted forms of funding, it remains the most elusive. This is especially true for minority-owned enterprises. While Hispanics and African Americans make up 28 percent of the U.S. population, only 1 percent of venture capital is going to minority communities. This troubling statistic is what drove led to the creation of The Marathon Club--an organization whose primary focus is to increase the flow of capital to minority entrepreneurs.
The markets have taken a beating in the past few months and chances are so has your portfolio. Predictions are the markets will remain choppy in the near future, and the question on a lot of investors' minds is what should I do now? Seeking answers, we recently talked to some top financial experts from around the country. While there's no one-size-fits-all approach, all offered solid advice well worth considering.
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