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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: pezz who wrote (44382)1/6/2004 9:40:59 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
you da man!



To: pezz who wrote (44382)1/6/2004 11:10:17 PM
From: elmatador  Read Replies (2) | Respond to of 74559
 
Bush to announce immigration overhaul
By John Authers in Mexico City
Published: January 6 2004 19:51 | Last Updated: January 6 2004 21:26


President George W. Bush will on Wednesday launch his first new policy initiative of the election year by outlining proposals to help immigrants find jobs legally in the US.


The plan, which will be seen as an attempt to win over Hispanic voters, will be a boost for the beleaguered Mexican president Vicente Fox, who has been urging the US to introduce reforms.

The proposals are likely to be modelled on legislation championed by John McCain, the Republican senator from Arizona, that would feature a dramatically expanded guest-worker programme.

In 2001, the US and Mexico held discussions over proposals including new guest-worker programmes and processes to allow undocumented labourers to take on legal status but there has been no progress since the September 11 terrorist attacks.

Estimates vary but it is widely believed that more than 4m undocumented Mexicans work in the US. Mexican workers send home more than $1bn in remittances each month, accounting for more than 2 per cent of Mexico's gross domestic product.

Scott McClellan, the White House spokesman, confirmed that the president would make an announcement on immigration but declined to give details. "There is an economic need, and it's important that we have an immigration policy that meets those economic needs," he said.

"It's about matching willing workers with willing employers. There are jobs that Americans are not interested in filling and there are jobs available. That's an economic need that exists."

A breakthrough on immigration would be good news for Mr Fox who has suffered from the failure to deliver an accord with the US. Mr Fox's administration received a severe setback last month when Congress voted down his tax reform proposals.

Wednesday's announcement precedes Mr Bush's trip next week to the Summit of the Americas meeting in the northern Mexican city of Monterrey, where Mr Bush is expected to hold his longest bilateral meeting with Mr Fox in almost two years.

Neither Mr Fox nor Luis Ernesto Derbez, his foreign secretary, have publicly commented on the forthcoming proposals.

Reaction from Mexican officials involved in Mr Fox's initial attempt to negotiate immigration reform was guardedly optimistic.

Jorge Castañeda, Mr Fox's first foreign secretary, who resigned a year ago, said the move was probably motivated by electoral factors and by the recovery of the US economy, which had increased demand from business for a regular and legal supply of cheap labour.

But Mexico should be cautious about allowing small measures to be presented as "huge reforms", he added.

"There should be some movement on the legalisation front as well as the temporary worker front," Mr Castañeda said.

He warned that a programme based only around guest-worker programmes could open the US government to criticism that it only wanted Mexican migrants for their cheap labour.

"We should find ways of making it very clear that this has to be part of a negotiating process and not a unilateral decision by the US," he said. "We have leverage there because they cannot run a guest-worker programme without our help."

Mr Bush's strategists are keen to boost his support among Hispanic voters in key states such as Florida and California.

NOTE: It is too little. The US should be much more agressive with its immigration policy. The country is looking less atractive by the day.



To: pezz who wrote (44382)1/7/2004 11:30:06 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hello Pezz, Report - NYSE Front:
I had to test the element silver to see if it is in fact in a bull market, and if I can do some looting if it is not in a bull market.

I bought a dollop of PAAS uk.finance.yahoo.com at USD 14.88/shr

I shorted a dollop of PAAS July Put 15 at USD 2.30/shr, and

I shorted a dollop of PAAS July Call 17.5 at USD 1.40/shr.

I am waiting to buy Silver Std Resource uk.finance.yahoo.com when silver corrects more.

Chugs, Jay



To: pezz who wrote (44382)1/7/2004 6:27:52 PM
From: elmatador  Respond to of 74559
 
Instead of <<impose curbs on offshoring, ... the Administration should focus instead on making the US a more attractive country in which to hire technology workers.>>

The US has a long way to go to attact the likes of Elmat to do tech work there, pezz!! But that doesn;t mean it should not try. See the case of the Mexicanos. 8 million who work hard and now Bush wants to make them legal. There's a lot of room for 5 times that:

Cleaning the windshield of your SUV. Taking the snow of your drive way. Pampering golf courses for you to play. Cooking dishes for you at restaurants, just relax and enjoy, pezz!

Tech industry in US jobs warning
By Christopher Swann in Washington
Published: January 7 2004 20:25 | Last Updated: January 7 2004 20:25


US computer companies have warned the government against imposing restrictions on their freedom to shift technology jobs overseas, saying that any action would risk retaliation by trading partners of the US.


The failure of the US economic recovery to generate strong employment growth has intensified concerns over US companies taking advantage of cheaper, highly-skilled workers in countries such as China and India.

A Commerce Department report last month said increasing numbers of technology jobs were being transferred overseas and that even those companies that were not currently "offshoring" jobs planned to do so soon. On Wednesday, technology companies urged the US government to resist the temptation to impose curbs on offshoring, saying that the Administration should focus instead on making the US a more attractive country in which to hire technology workers.

"Americans who think that foreign workers are no match for US workers in knowledge, skills and creativity are mistaken," said the report by the Computer Systems Policy Project, which includes the chiefs of the leading US computer companies.

Speaking on Wednesday, Craig Barrett, chief executive of Intel, criticised the US government for lavishing about $20bn a year on agricultural subsidies while investing just $5bn in science.



To: pezz who wrote (44382)1/8/2004 11:13:31 AM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hello Pezz, Tonight’s Report:

I sold my earlier purchased Message 19499218 <<November 13th, 2003>> Pharmaceutical Holders Call May Strike 80 for USD 3.60/shr, recognizing a profit of 1.20/shr, or 50% gain.

Chugs, Jay