Minority Businesses Booming; Bush Signs Central American Trade Pact -- Hispanic Business Newsletter

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Business

Minority Businesses Booming

The number of minority-owned businesses soared 31% to more than 4 million from 1997 to 2002, the Census Bureau announced in a new survey illustrating the growing economic impact of minority entrepreneurs.

Molina Healthcare Inc. Under Fire

Molina Healthcare Inc has restated their financial guidance for FY2005, dropping share prices from $46.00 to $26.00 -- a decline of 44% in a single day. Now, the company faces several Class Action suits from shareholders.

Dealing with Family Business Openly

Families who work together in their own businesses, often have a review process for nonfamily members. But when asked how many have the same process in place for family members, hardly any give a positive reply.

Politics

Bush Signs Central American Trade Pact

US President George W. Bush on Tuesday signed a hotly contested US trade pact with Central America and the Dominican Republic (CAFTA), saying the move would bolster economic growth and democracy in Latin America.

AFL-CIO Calls to Legalize Workers

The United States' largest labor federation, the AFL-CIO, brought to a close its 25th annual convention with a call to legalize undocumented workers and a condemnation of the free trade agreement with Central America.

Schwarzenegger Losing Hispanic Support

Republicans found a new level of receptiveness among Hispanics with Arnold Schwarzenegger's 2003 election victory. But that support is evaporating, as Hispanic critics continue to cite a list of complaints.

Hispanic Market

Opportunities for Savings Lower for Hispanics

Many Hispanics in the U.S. are woefully unprepared for retirement. While most of us aren't saving for retirement at the rate that we should, Hispanic workers are even further behind, according to the Pew Hispanic Center.

Hispanics Flocking to States in South

The Carolinas and four other Southern states have become the "new settlement areas" for still-surging waves of Hispanics -- most of them young (median age 27), male (63 percent), foreign-born (57 percent).

HispanTelligence Research

The Fast Growing Hispanic Youth Market

While the U.S. median age continues to rise, from 35.3 years in 2000, the median age of Hispanics remains the lowest of all groups. Demographers predict faster growth among young Hispanics than among other young ethnic groups for the next decade.

South Leads US in Fastest Hispanic Growth

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.

Hispanic Advertising Expenditures Annual Increases: 2000-2007

The leading 5 DMAs accounted for slightly more than 51 percent of all Hispanic advertising expenditures.

From the current issue of Hispanic Business magazine...

Create Your Hispanic Business Classified Ad Now!

No Slowing for Repeat Champion

Getting to the top is easy compared with staying there. That's what makes LatiNode's second consecutive number 1 ranking on the Hispanic Business Fastest-Growing 100 directory so surprising.

Money Moving North

Playing the role of "bridge" to foreign investors is easier today with an increasingly wired Latin America, less expensive long-distance phone costs, and air fares that are far cheaper than 10 years ago.

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