House Democrats Finally Moving Forward with the DREAM and Promise Act

by Paden Kegan

The DREAM and Promise Act, is the latest version of the legislative proposal that seeks to establish guidelines and processes to be observed when granting approval for residency to undocumented immigrants who were minors at the time of their arrival, or entry in the U.S. The bill also merges similar initiatives for the group of illegal immigrants that previously received protection from the 2012 DACA, counting from their age as minor upon arrival in the U.S toward date of enactment as immigration law..

DREAM stands for Development, Relief, and Education for Alien Minors, while DACA stands for Deferred Action for Childhood Arrivals.

Origin and Development of the Proposed DREAM Act

DREAM had its origins in the 2001 DREAM Act introduced in the Senate as a bipartisan proposal initiated by Senator Dick Durbin (Dem-Illinois) and Senator Orrin Hatch (Rep-Utah). The 2001 DREAM Act though failed to pass muster in Congress, despite several re-introductions; therefore  it never received full recognition as immigration law.,

In 2017, Republican Senator Lindsey Graham, sponsored the DREAM Act of 2017, which sought to give recipients of DACA 2012, opportunities for stabilizing their U.S. residency and increase their potential for becoming citizens of the United States

Should the current proposal, entitled as DREAM and Promise Act receive Congressional approval, as many as 2.5 million people will be able to apply for legal status, and have the chance to take a path that could ultimately lead to a US citizenship status.

Understanding the Need to Include DACA Recipients in the DREAM and Promise Act

First off, it must be understood that DACA or Deferred Action for Childhood Arrivals is not a law but merely a program created under the Obama Administration in 2012. The program’s goal was to provide protection to young immigrants aged 16 and below, from potential deportation proceedings, whilst affording them opportunities to enroll in schools, land jobs, and even serve in the military.

In order to enjoy such privileges, undocumented immigrants requesting for DACA protection from the US Citizenship and Immigration Services (USCIS) must meet certain qualifications, particularly pertaining to age eligibility at that time the program was introduced in 2012. However, in 2017, a year after Donald Trump’s assumption of office as president of the United States, Trump ordered the cancellation of former President Obama’s 2012 DACA protection program.

The move however, met several lawsuits including legal challenges filed by several U.S. states. Although the presiding courts ordered the USCIS to grant renewals of existing DACA protection, decisions on the matter is still subject to review since DACA is only a program and not a law.

In the state of Arizona, and even before Donald Trump had made good on his plans to implement certain changes in the country’s immigration policies, the City of Tucson had published and circulated a “Resource Guide for Immigrant Families. The publication, which contained information about local support and legal options available in Tucson, it also gave advise to know one’s rights by seeking assistance from Tucson immigration services.

Continue Reading

Overall Impact of Inflation

by Herman Shane

There are countless factors that create inflation in an economy. This could be due to the rising commodity of prices, the ever-increasing oil prices and so forth. All this translates to higher petrol costs among consumers. You might find it hard to believe but stronger and booming economics is also a factor for inflation. This is because the increased demand for services and goods puts more pressure on supplies that can result in businesses raising the cost of their products.

https://www.youtube.com/watch?v=iiEiRZhfOl8

How Your Investments and Savings are Affected?

For savers, inflation is just bad news. It erodes your money’s purchasing power.

Additionally, the low rate of interest does not help either because it makes it more difficult to get returns that could keep pace with the increasing cost of living.

The high inflation can even drive down the cost of bonds. Basically, this makes it less attractive, for you are locked at a certain rate of interest; interest that might not be able to keep up with the standard of living for the subsequent years.

One option being looked at is index-linked gilts. These are basically government bonds to which the interest value and payments at redemption is adjusted as per the rate of inflation.

Investing in equities can offer better protection towards inflation than bonds or deposit accounts. This is because they are not index-linked since companies have the power to raise their prices in order to cover the increasing costs. That being said, it should allow them to grow at the rate of inflation.

Companies Acting as First Line Defense for Inflation

Companies that are raising their prices in line of inflation have a tendency to fare better compared to others when the standard of living increases.

To give you an example, energy companies might do well in inflation because they can increase their prices in line with inflation or just when they feel to. Infrastructure companies like the ones in charge for government buildings, toll roads and the likes might do well too since they have long term contracts with the government with payments that are associated to inflation. This basically encourages the private sector to keep pouring investments.

Other known companies that are resilient to inflation are those that produce drinks and food or any essential items like toothpaste, cleaning products as well as prescription drugs. If you want to survive inflation and help your economy at the same time, then you better start investing in any of these business ideas and apply for a payday loan to get funding.

Continue Reading

The Impact of Politics on Fiscal Policy

by Sissy Hall

The financial structure in a country echos and forms various business and political organizations. Financial markets are always at risk due to changes in the political, social or technological circumstance of a country. In order for a nation to have a balanced financial structure, its governance will need to have risk modeling which means the application of tactics to be able to identify the financial risk. The approaches involve identifying the risks in the market, valuation, historical simulation, or intense value principles in order to assess a financial scenario and predict the deficits.

Politics is regarded as among the operational risks (apart from legal risk) in finance which can be handled by operational risk management. This form of challenges confronts the investors, regulators, and businesses in all areas including trading companies such as pheeva.com. Politics have macro and micro-level risks. The macro-level have identical influences throughout all foreign personalities in a specific area. Consequently, it impacts all players in a country. The micro-level centers on a firm, sector or project-specific issues.

The political environment has a direct effect on the finances of every single business regardless of the size. Politics is a process by which selected individuals make collective resolutions to create public regulations. Politics demonstrate authority by which the government manage and control to obtain internal stability. When the government fails to control and keep stability in social, economic, and political security, this highly affects the financial aspect of the nation resulting in possible inflation.

Political Freedom and Economy

The link between political freedom and the economy is critical. Political freedom is associated with the principles of equal rights, human rights, and civil protections. It offers the nation a chance to start a new that betters people’s well being. Failure in political governance as a result of corruption, unjust economic conditions, and divided decision lead to political revolutions.

  • State authority crisis represented by military pressure, succession crisis or serious corruption. This could indicate the surge of private sectors opposing the ruling government.
  • Considerable divisions between national, military, economic as well as religious groups.
  • An unfavorable economic situation for workers may be a major factor in government failure.
  • Extensive opposition culture uniting various social and political organizations and promotes opposition towards the government

Political revolutions are classified as activities that seek to alter the federal government as well as the political structure which leads to lack of stability in the inner political scenario which has an unfavorable impact on the economy besides the damage of the framework.

Every country has a unique and different socio-economic and political issues. And with this unique structure of each political system, it has to be dealt with differently in accordance with the needs of the people. Severe socio-economic conditions highly affect the financial aspects of all areas in the community. High costs in consumer products, high demand-low supply, decrease in the value of a currency, and more can lead up to serious poverty within the nation.

Continue Reading