Cross-posted from Truth About Bills Recently, Governor Jerry Brown signed part one of California’s DREAM Act into law. This particular bill, which gives funding to illegal immigrant students, is blatant amnesty. This particular legislation comprises two parts—AB 130 and AB 131. The author of both bills is Assemblyman Gil Cedillo (D-Los Angeles). AB 130 grants private scholarships to illegal immigrant students who qualify under this provision. Brown signed the bill into law on July 25, 2011: This bill would provide that, on and after January 1, 2012, a student attending the California State University, the California Community Colleges, or the University of California who is exempt from paying nonresident tuition under the provision described above would be eligible to receive a scholarship derived from nonstate funds received, for the purpose of scholarships, by the segment at which he or she is a student. Part two ( AB 131 ) grants public funds to qualifying illegal immigrant students. This provision was passed in the State Senate Appropriations Committee on August 26 th , 2011. The legislature has until September 9 to pass it, and Governor Brown has until September 30 to sign the bill into law: This bill would exempt a student who has attended, for 3 or more years, at least one of which shall have been in a high school, and graduated from, secondary school in California from paying nonresident tuition at the California Community Colleges and the California State University. Interestingly enough, Governor Brown might veto AB131 . Gov. Brown seems to have made his broader philosophical decision on the question of providing support for students who are in the country illegally,” Schnur said. “Now he’s got to decide whether he can afford it. It’s a much more difficult decision than the first one. Nevertheless, Assemblyman Tim Donnelly (R-Hesperia) believes that this bill will further cripple California’s economy. “AB 131, the second part of the California `DREAM Act,’ is a nightmare for citizens,” Donnelly said. “Students are already struggling to pay increased tuition and many cannot even get into the classes they need, but the Legislature continues to pretend we can afford this entitlement. The simple truth is, everyone including the governor knows we can’t.” California faces a budget shortfall of 26 billion dollars. Universities across the Golden State are already facing massive budget cuts. Rest assured, the California DREAM Act will be a nightmare for taxpayers. *UPDATE: California State Senate passed its own version of AB 131 . California Dream Act Near Passage (studentactivism.net) California Dream Act passes state Senate (classroomconscious.wordpress.com) California Dream Act Near Approval (nytimes.com) Bill would let illegal immigrant students get aid (sfgate.com) Calif. passing its own ‘Dream Act’ (politico.com)
THIS morning, the Bureau of Labour Statistics released its statistics on August employment growth in America. There was none. The American economy added zero net new jobs in August.We will have a full analysis up later this morning. I’ll just point out that since the recession officially ended, the American economy has lost nearly 600,000 government jobs. Any way you slice it, that’s a significant drag on recovery.
A university professor suspected of leading a motorcycle gang and methamphetamine drug ring is wanted for arrest in California, authorities said Thursday.
The ever-expanding middle class in developing countriesTHE past four years have seen a sharp contrast between recession-hit rich countries and buoyant emerging giants. Estimates from the Asian and African Development Banks, using a rather broad definition of middle class as living on $2-20 a day, confirm the picture. On this measurement, which includes many people who are only just above the poverty line, a third of Africans and three-quarters of Latin Americans were middle class in 2008. Meanwhile, the evidence that this progress will bring political demands that will reshape the developing world is mounting.
I’VE been thinking a lot about this Michael Pettis post from the weekend, in which he offers some economic predictions for the remainder of the decade. What’s most interesting about his thinking is the way he orients his model of economic activity around balance of payment dynamics. Here’s an example:Since most global consumption comes from the US, Europe and Japan, the collapse in their demand will ultimately be very painful for the BRICs and the rest of the developing world. The latter have postponed the impact of contracting consumption by increasing domestic investment, in some cases very sharply, but the purpose of higher current investment is to serve higher future consumption. In many countries, most notably China, the higher investment will itself limit future consumption growth, and so with weak consumption growth in the developed world, and no relief from the developing world, today’s higher investment will actually exacerbate the impact of the current contraction in consumption.Mr Pettis argues that the pivot around which the BRIC economies (and China especially) swing is reliance on advanced-country demand. As that anchor (sorry, mixing metaphors) becomes dislodged, BRIC economies will face difficult internal structural changes.You might not buy all of his predictions, but it’s a compelling way to view the big trends in the global economy, and especially the …
UK Only Article: standard article Issue: Ten years on Fly Title: Charlemagne Rubric: The debt crisis is exposing problems in the basic design of the European Union Main image: 20110903_EUD000_0.jpg CALL it the curse of the euro. When politicians discuss the single currency’s crisis in Brussels, their actions are invariably seen by markets to be too little, too late. When they return home, they are accused of surrendering too much, too fast. So bond markets swoon and leaders become enfeebled. Such has been the fate of last July’s summit deal to save Greece for the second time and boost the embryonic European monetary fund. Government debt is dangerously wobbly in Italy and Spain, yet political approval of the deal has hit trouble in Germany and Finland. “The European Union”, bemoans one veteran Eurocrat, “was not designed to deal with a crisis.” Blame Jean Monnet, the EU’s godfather. The French functionary believed in gradually unifying post-war Europe through discrete projects run by …
