Friday, May 16, 2014

Early Migrants were Native Americans - New Findings

The Wall Street Journal reports ..A unique genetic marker exhumed from her 12,000-year-old skeleton offers evidence that the first hunter-gatherers who crossed the Bering Sea from northeast Asia on a now-submerged territory called Beringia belonged to the same population group as many Native Americans today, the scientists said.

http://on.wsj.com/1gysmNs

Sunday, March 23, 2014

Second Language helps Rational Thinking?

The Wall Street Journal reports httabout a recent study that thinking about a problem in a foreign language might help a person analyze the problem more rationally. It appears by thinking of the problem in a second language we isolate the emotion from the decision and so you get a more rational picture of the situation. Hmm...let me try it out in my basic knowledge of another language - hum sochta es blog tik hai or nai - kya karega. I am just seeing blank empty spaces in my mind with the words standing out....maybe there is some truth to this...try it yourself...
http://on.wsj.com/1f8DEBA
" 'Piensa' Twice: On the Foreign Language Effect in Decision Making," Albert Costa, Alice Foucart, Inbal Arnon, Melina Aparici and Jose Apesteguia, Cognition (February)

Tuesday, March 04, 2014

My Testimony to the MN legislature

Today I invited legislators to view our ALANA communities as assets. I presented the economic portfolio of the ALANA communities and encouraged them to leverage our massive public spending to grow the ALANA economic portfolio - reflected in such data as - $12 billion in consumer power; firms that as a group would be the 15th largest company in terms of revenue (over $5 billion) and 9th largest in terms of employment (over 40,000 with an annual payroll of over $1 billion). Minnesota is doing a lot of good things but to be doing great things we need to view our ALANA communities not as deficits but as assets. The testimony can be found on my site
http://www.ethniccapital.com/uploads/1/2/2/9/12297431/testimony_to_government_operations_committee_minnesota_house.pdf




Wednesday, February 26, 2014

Online Marketplaces and Racial Discrimination

 New Harvard research show online marketplaces like Airbnb inadvertently fuel racial discrimination." Analyzing a data set that focuses on New York City (the company's biggest market), the researchers found that black hosts charged approximately 12 percent less for rentals than nonblack hosts—even when the properties were equivalent in terms of location and quality." The research raises some interesting questions on linking your Facebook page to online sites, importance of profile pictures and the placement of these pictures, policies on online marketplaces that might inadvertently promote racial discrimination. 

"But the "pricing" section of the website advises that new hosts set rates with market demand in mind. For example, Airbnb tells new hosts they "may want to charge lower than average rates to attract travelers comparing your place with existing reviews. Once you have a review or two, adjust your rates as needed."
The researchers interpret black hosts' lower prices as evidence of a similar, but permanent, disadvantage. In particular, they maintain that their findings show how black hosts have a harder than average time attracting travelers, and therefore must keep their prices lower than average in order to compete successfully."
http://hbswk.hbs.edu/item/7435.html

Monday, February 24, 2014

New Report Provides Details of North Minneapolis Housing Conditions

A detailed neighborhood analysis of housing conditions in North Minneapolis done by the Minneapolis Fed provides a good picture on the opportunities and challenges there. Overall the report found: "the housing market in North Minneapolis varies from neighborhood to neighborhood and even from block to block. In general, the housing market in the northwest area of North Minneapolis is more established while the southeast area’s is more vulnerable; however, many of the
neighborhoods register a diverse “micro” housing market, with blocks falling on the
entire HMI spectrum"
. During 2006 to 2012 houses in North Minneapolis dropped on average by more than a third. View the report at http://www.minneapolisfed.org/pubs/cdpapers/hmi_2013.pdf

Wednesday, February 19, 2014

Baseball offers an intriguing strategy to overcome racist behaviors

Baseball offers an intriguing strategy to overcome racist behaviors. A Harvard study found that when umpires and pitchers were of a different race the umpire was more likely to call a pitch a ball -which favors the batter. Pitchers seem to compensate for this discrimination by throwing the ball in areas where there was less of a subjective reading - even though it lessened their effectiveness!

Another intriguing observation of the study was when cameras were present to record the events these discriminatory behaviors vanished. Ah! The lessons we can learn from baseball!
The study can be found at  http://hbswk.hbs.edu/item/7392.html


Thursday, February 13, 2014

Nearly 2 million deported in recent years

The Economist  reports that almost 2 million people have been deported in recent years, 322,900 last year alone. The article describes the cruel and heartless way people are deported and the huge human cost of this policy. This in essence has been our immigration policy over the past few years - deportations.

It is time fix our broken and dysfunctional immigration system.

For a new framework to look at immigration see my app "Immigrant Capital" on iTunes and Google Play or a recent report on Minnesota http://bit.ly/HEZJy1.

http://www.economist.com/news/briefing/21595891-united-states-expulsion-policy-toward-migrants-carries-big-human-cost-bordering-cruelty



Wednesday, February 05, 2014

New Health Equity report needs policy attention

The new MDH report on health equity spares no punches and lays out a policy agenda which I hope becomes part of the 2014 election cycle. I do hope the Governor and legislature takes action too. This information is not new - members of the community have been asking for equal access and culturally competent health care for a long time. Thanks to Larry Walker and the Bridges network for bringing this report to our attention. http://www.health.state.mn.us/divs/chs/healthequity/ahe_leg_report_020114.pdf

Thursday, January 30, 2014

Why has St. Paul not fully recovered from the Great Recession while Minneapolis has?

Intriguing question posed by the latest DEED report on progress in Minnesota Cities? One answer could be all that romance in the air being the top romantic city in the US? Seriously - it is a good question because I see it in the growth patterns of minority businesses too. I am looking for more insights from DEED and local experts.

The DEED report is at http://mn.gov/deed/images/top25cities.pdf

Monday, January 27, 2014

Immigrant Earning Power over $1 trillion in USA

 Equal to the GDP of 17th largest country in the world. See free itunes app - Immigrant Capital. #iamimmigration, #immigration

Sunday, January 26, 2014

New free Itunes App - Immigrant Capital

Looking for a comprehensive framework to analyze the immigration debate today - which all too often focuses on one dimensional arguments? Want data on the economic contributions of immigrants  by state at your fingertips? Check out my new APP called "Immigrant Capital" available on itunes for the iphone and the ipad. http://bit.ly/1du2jym

An android version will be available soon.

Immigrant capital - immigrants as consumers, workers, entrepreneurs, taxpayers, social capital, cultural capital, global trade networks.

Saturday, October 19, 2013

Thank You Fr. Kevin - Today in Pioneer Press

Sainted
We are blessed to have Fr. Kevin McDonough as our family pastor at St. Peter Claver Church in St. Paul.
My experience parallels others in the parish and in the community. In times of personal tragedy, he soothed our aching hearts, opened doors for us and lifted up our spirits.
Our children love him. He celebrates their spirit and achievements whenever he gets the opportunity to do so. He truly is their spiritual "Father," and we trust him.
I greatly appreciate the way he relates to immigrants like me: He celebrates our identity, breaks bread with us and our families, and teaches us ways to be successful in Minnesota.
I have never seen someone address racial justice and equity so effectively -- he celebrates his own identity while working tirelessly to break down barriers that inhibit immigrants and minorities from achieving the American dream.
I have also seen him use whatever power he has to open doors for those without that access to power and resources.
I have seen him deal with difficult situations with courage and fairness while upholding the dignity of others.
My parents visited from India many years ago, and they still remember how much he blessed their lives. 
He reminds me of the early church leaders at the dawn of Christianity who walked "humbly with their God all the days of their lives."
Thank you, Fr. Kevin.
Bruce Corrie, St. Paul

Thursday, May 16, 2013

Undocumented Students Value to the MN Economy - $1 billion

It has been reported in the media that fewer than 500 undocumented students would take advantage of the in-state tuition waiver for these students.

Here is a quick estimate of the value of 250 students with an Associate degree and 250 students with a Bachelor's degree using the Census estimate of the lifetime value of a degree:

I estimate that these 500 students will bring $1billion in new earnings to the Minnesota economy over their lifetime. ($1.8 million is the lifetime earnings of a Associate's degree; $2.4 million for a Bachelor's degree)

If we assume they pay the average 11.5 percent tax as the "average citizen" of the MN Tax Incidence Study, then the state can look at a lifetime tax revenue of $121 million.

Legislators - please note. 

 

Sunday, June 24, 2012

Transformation of University Avenue by Immigrant Entrepreneurs

The new report updates the 2005 study to bring a thirty year perspective on the six block stretch of University Avenue in Saint Paul.

,,the avenue continues to be an incubator for immigrant entrepreneurship. The area is becoming increasingly multi-ethnic with a growing presence of African immigrant and African American entrepreneurs. There is also a constant churning in the sectors these businesses operate. These entrepreneurs start businesses to take advantage of economic trends which also make their survival tied to these same trends – for example the housing boom and bust. We noted in many entrepreneurs a sense of pessimism as a declining economy has hurt their bottom line and considerable anxiety over light rail construction.  This was a sharp contrast to our report in 2005 where we found a greater optimism on the avenue, reflected in business expansion and diversification beyond the avenue. 

The report was profiled in a story in the Pioneer Press

Tuesday, June 05, 2012

New Website on Ethnic Capital

Visit the new website - The Dynamic Potential of Ethnic Capital where you will find the latest data on the economic and other contributions of immigrants and minorities in the USA and Minnesota.

Friday, May 25, 2012

Minority Babies Now Majority

Fox 9 News on Minority Trends

At the link you will find a Fox 9 story on the latest news that minority babies are now the majority....a "back to the future" moment for me. We have to look at these new Americans as America's future - what we invest in them will determine America's role in the future global economy. Do we want them to be the best skilled, most innovative and creative talent pool? Do we want them to live in a world free of racial and other barriers to personal progress? The choice is ours! www.ethniccapital.com

Sunday, March 04, 2012

ALANA Capital

In this feature of The Line read about the concept of ALANA Capital - a new way to look at the dynamic potential of ALANA (African Latino Asian and Native American) communities in Minnesota.

Friday, December 02, 2011

ALANA Firms in Minneapolis

There are over 5000 ALANA firms in Minneapolis with $1.3 billion in revenue. There are over 700 employer firms employing over 10,000 people with an annual payroll of $326 million. (Source: Survey of Business Owners, 2007). I shared this information at the OneMinneapolis conference at the Minneapolis Convention Center today.

ALANA Buying Power $ 2.4 billion in Minneapolis

ALANA (African Latino Asian and Native American) buying power is an estimated $2.4 billion in Minneapolis. The ethnic economy can be a powerful engine of economic growth in Minneapolis. I shared this information at the OneMinneapolis conference at the Minneapolis Convention Center today.

Saturday, November 26, 2011

Islamic LIBOR rate launched

The Wall Street Journal reported the launch of an new financial benchmark rate akin to LIBOR that follows the principles of Islamic finance called the Islamic Interbank Benchmark Rate (IIBR). In the past Islamic financial institutions used the LIBOR.
http://online.wsj.com/article/SB10001424052970204443404577054150155788364.html?KEYWORDS=islamic+libor