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...Center for Immigration Studies in Washington, which favors tougher enforcement of immigration laws, released a report with the somewhat triumphal title "Homeward Bound." Its authors argued that census data showed that approximately 1.3 million illegal immigrants had left the U.S. from August 2007 to May 2008. At that rate, their number would be halved in five years. Because the drop-off predated the worst of the recession, the report argued, the decline showed that the get-tough policies passed at the end of the Bush Administration were working. Members of Congress like Republican Representative Tom Feeney of Florida were...
...crossing, but those who are already in the U.S. feel more compelled to stay just to pay off their debts. Coyotes charged Salvador $8,500 for his journey; he is paying it off in $150 installments every two weeks (the same amount he sends his family). At that rate, it will take him two more years just to break even on the debt. He doesn't fear detention; he fears failure. "I'm afraid of not making it work here," he says. "It needs to work...
Communities like St. Helens often have more invested in the newcomers' success than they might imagine. A Pew Hispanic Center survey in November found that the median income for noncitizen Hispanics fell at a rate almost six times as high as that of other workers in 2008. In January 2009, a new report said more than half that group reported being worried that their home will end up in foreclosure. Many illegal immigrants are homeowners, and driving them from their houses would be a Pyrrhic victory for any community fighting blight. Salvador's father-in-law Alejandro, an undocumented immigrant...
...happy ending?" After the presentation, he was engulfed in a sort of economic-geek circle at the front of the room. Men from the Department of Commerce, Freddie Mac and a real estate investment fund batted questions around: "Has your forecast for home prices changed?" "What about the savings rate?" As he raced out the door, Zandi was stopped by an economist from the Office of the Comptroller of the Currency to talk about the "wealth effect." (See the best business deals...
...unemployment rate inches toward double digits, more Americans are left without health insurance and are looking for affordable alternatives in the supplement aisle. Vitamin sales rose nearly 8% this winter over the same period a year ago, according to the Chicago-based market-research firm Information Resources Inc., while the national chain Vitamin Shoppe reported a 20% surge in new customers seeking cheap ways to prevent illness and avoid expensive treatment...