Archive for February, 2012

Why Latinos Have Been First to Make It Back to Pre-Recession Employment

Friday, February 10th, 2012

(The Atlantic) Although Latinos make up only a seventh of the population, they have "racked up half the employment gains posted since the economy began adding jobs in early 2010", the Los Angeles Times reported this morning. In 2011, the trend accelerated. Of the 2.3 million jobs added in 2011 according to the Household Survey of the Bureau of Labor Statistics, 1.4 million, or 60 percent, were won by Latinos.

This remarkable statistic is a keyhole into America's two-speed recovery. One true story of the recession is that employment gains have been biased toward the highly educated. More than half of the jobs added in 2011 went to Americans with a college education. Another true story of the recession is that most of the other jobs have been low-paid and went to the less-educated. Educational attainment among Hispanics remains very low. Just 10% of foreign-born and 13.5% of native Latinos have finished college, placing the group's completion rate at about a third of the national average.

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How Ethnicity Affects Retirement Savings

Thursday, February 9th, 2012

(US News) Ethnicity is a growing area of interest for banks, largely because they want to understand their customers better.

[50 Ways to Improve Your Finances in 2012]

By 2050, says Fred Makonnen, vice president of multicultural sales at ING, African Americans, Hispanics, and Asian Americans will make up the majority of the U.S. population, compared with just over one-third now. “We need to have, as an industry, products that can speak directly to these consumers. We’re seeing time and time again there is a significant gap between various ethnic groups … and the reasons tend to be embedded in cultural differences,” he says.

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Disney And Univision Talk Joint Venture, Discuss Creation Of 24-Hour Hispanic News Channel

Wednesday, February 8th, 2012

(Inquisitr) Walt Disney Co and Univision Communications are currently engaged in talks that would bring a new English language 24-hour cable news channel aimed at a Hispanic audience.

The inside source that revealed the talks to Reuters has not revealed specifics but has cautioned that the deal is far from completed and could still unravel at any time.

The move is seen as a way for the newspaper to capture an ever changing demographic of U.S. Hispanic viewers and to reach a growing number of English specific people of Hispanic origins.

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Latino NFL Greats And Super Bowl Stars

Monday, February 6th, 2012

(Huffington Post) With all the attention that New York Giants' emerging star receiver, Victor Cruz, is receiving these days — both for being a local New Jersey boy 'done good', and for his effusive salsa dancing in the end zone — people may forget that the NFL has been home to many great Latino players, including a good number of Hall of Famers and a couple of Super Bowl stars.

For starters, this weekend's super match pits two boricuas, Cruz with the NY Giants, and his New England Patriots' counterpart, tight end Aaron Hernández. Either could be breakout stars and be key to their team's victory.

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African American unemployment drops 2% points: Good news for President Obama

Sunday, February 5th, 2012

( With the 2012 presidential election less than one year away, all eyes are focused on President Obama and the potential Republican candidates he will be running against. The biggest issue heading into the race is the economy and with positive jobs number's again in January, re-election for President Obama is looking better each month.

One of the biggest supporters of President Obama in 2008 was African-Americans. In 2008, President Obama was able to garner 96% of African-American votes, making up 13% of the electorate. If President Obama wants to win re-election he will have to repeat his support in the African-American community as well as other minorities. African-American unemployment hit a 27 year high this past summer, reaching 16.7%. That number is higher than anyone would like, but there is light at the end of the tunnel. According to the new January jobs report for 2012, African-American unemployment dropped significantly.

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Hormel Eyes Hispanic Market

Saturday, February 4th, 2012

(Hispanic Business) As Hormel Foods Corp. looks to 2012, its executives have their sights locked on the Hispanic market.

Citing growth in the United States' Hispanic population, James Splinter, Hormel's group vice president of grocery products, predicted Tuesday night at the company's annual shareholders' meeting that Hormel's MegaMex brand will "grow at an accelerated rate."

"Every time I hear (about the Hispanic population increase), I get very excited about the growth prospects of MegaMex," Splinter said at the meeting in Austin High School's Knowlton Auditorium.

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Mitt Romney makes leap with Hispanics

Friday, February 3rd, 2012

(Washington Post) Once thought to have a potential liability in appealing to Hispanics, Mitt Romney appears to have overcome his doubters.

One of Romney’s more remarkable turnarounds in the Florida primary between 2008 and 2012 was among the state’s many Hispanic voters. While he increased his vote share overall by 12 points, from 31 percent to 43 percent, he increased his performance among Hispanics by 40, from 14 percent in 2008 to 54 percent on Tuesday, according to exit polls.

That’s a pretty huge improvement, but how much does it mean going forward?

In reality, Romney’s tiny share of the Hispanic vote in 2008 seemed to be at least partially about who he was running against, versus any issues Hispanics had with him.

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As Asian-Americans move to suburbs in record numbers, signs of decline in historic Chinatowns

Thursday, February 2nd, 2012

(Washington Post) America’s historic Chinatowns, home for a century to immigrants seeking social support and refuge from racism, are fading as rising living costs, jobs elsewhere and a desire for wider spaces lure Asian-Americans more than ever to the suburbs.

As the Lunar New Year begins Monday, annual festivities in Washington, D.C.’s shriveled Chinatown are, for the first time, being promoted by a large marketing firm. New York’s Chinatown, one of the nation’s oldest, has lost its status as home to the city’s largest Chinese population, based on the 2010 census.

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Kid bullied to leave school because he wasn’t ‘black enough’

Wednesday, February 1st, 2012

( The student stabbed Ryan in the back with a mechanical pencil and walked away. There was no explanation, no words exchanged at all. But Ryan knew why it happened. Scared to tell the teacher, all Ryan could do was to go to the bathroom to wash off the blood.

It was all because of the color of his skin, his mom, Gail Rodriguez said. He was often the only light-skinned student in his classes, which were predominantly black. Ryan, who is half white and half Puerto Rican, was called names like "stupid white cracker."

Full story…

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