European stocks rose as earnings from Vodafone Group Plc and British Land Co. eased concern that measures to control the region’s debt crisis will curb economic growth. U.S. index futures advanced and Asian shares fell.
Vodafone climbed 1.4 percent after the world’s biggest mobile phone company targeted annual dividend growth of no less than 7 percent for the next three years. British Land, the U.K.’s second-largest real estate investment trust, rallied 3 percent after reporting its first annual profit in two years.
The Stoxx Europe 600 Index advanced 1.1 percent to 250.93 at 8:11 a.m. in London, the first gain in three days. Futures on the Standard & Poor’s 500 Index rose 0.4 percent while the MSCI Asia Pacific Index slipped 0.3 percent, extending the decline from this year’s high to 9.9 percent.
“Global growth momentum is robust currently,” JPMorgan Chase & Co.’s head of European equity strategy Mislav Matejka wrote in a report to investors today. We expect “further earnings upgrades. The positive drivers for stocks are still tracking.”
Equity markets in the U.S. recovered earlier losses yesterday as the euro strengthened against the dollar, snapping a four-day losing streak and rebounding from its lowest level since April 2006 reached earlier in the day. The Dow Jones Industrial Average reversed a 184-point drop to finish the session 0.1 percent higher at 10,625.83.
Financial Assistance
Europe’s Stoxx 600 remains 7.8 percent lower than this year’s peak on April 15 amid concern that Greece’s debt crisis will spread. The gauge surged 4.8 percent last week after the European Union agreed to offer financial assistance worth as much as 750 billion euros ($929 billion) in a bid to stem the weakness in the region’s currency.
“Not everyone will accelerate consolidation in a very uniform way,” European Union Economic and Monetary Affairs Commissioner Olli Rehn told reporters today in Brussels after a meeting of ministers from the 16 euro countries. “That would lead to a very restrictive fiscal stance for the euro area as a whole, which would risk depressing economic growth.”
The ministers will meet again on May 21 to work on “a certain number of technical details” of the unprecedented emergency lending mechanism, said Luxembourg Prime Minister Jean-Claude Juncker, who chaired the Brussels meeting.
Investor Confidence
In the U.S., builders probably broke ground in April on the most homes since 2008 as buyers took advantage of a tax credit before its expiration, economists said before a Commerce Department report due at 8:30 a.m. in Washington.
Vodafone advanced 1.4 percent to 138.3 pence after full- year operating profit rose as the company cut jobs and signed network-sharing agreements with other operators to lower costs.
Earnings before interest, taxes, depreciation and amortization increased to 14.7 billion pounds ($21.2 billion) from 14.5 billion pounds a year earlier, the company said. Analysts had estimated Ebitda of 14.8 billion pounds, according to a Bloomberg survey.
British Land
British Land gained 3 percent to 446.4 pence. Net income for the year ended March 31 was 1.14 billion pounds compared with a loss of 3.88 billion pounds a year earlier.
Of Stoxx 600 companies that have reported earnings since April 12, about 64 percent have beaten analysts’ estimates for net income, according to data compiled by Bloomberg. In the U.S., more than 80 percent of companies in the S&P 500 have topped projections.
Delhaize Group SA climbed 1.5 percent to 64.88 euros after BofA Merrill Lynch Global Research upgraded the shares to “buy” from “neutral.”
Regus Plc plunged 15 percent to 96.5 pence after the world’s largest operator of serviced offices said the U.K. remains its most difficult region and early signs of improvement seen in the first quarter have “lost some momentum.”the music of sadness
the strings of the lingering heart
the seagulls and the waves
Her wishful face
haunts my dreamshttp://assemblergames.com/forums
http://www.dienanh.net/forums
http://www.kaktos.co.il/forum
http://www.sitedeals.nl
http://www.battlebet.ru
Tuesday, May 18, 2010
Cost of Illegal Immigration Rising Rapidly in Arizona, Study Finds
Arizona’s illegal immigrant population is costing the state’s taxpayers even more than once thought -- a whopping $2.7 billion, according to researchers at the public interest group that helped write the state's new immigration law.
Researchers at FAIR – The Federation for American Immigration Reform -- released data exclusively to FoxNews.com that show a steady cost climb in multiple areas, including incarceration, education and health, in the last five years.
FAIR’s cost estimates – compiled for a comprehensive national immigration report it plans to release next month – include several new cost areas, including welfare and the justice system, that weren’t in previous reports.
FAIR admits that the cost to implement the new law in some of those categories, such as incarceration, will add to the economic strain on the state. But overall, it says, the loss of immigrants either from the deterrent effect of the law, voluntary exodus or from mass deportations, will help the state financially.
Also, the savings to the state will far overwhelm any fallout from boycotts (estimated at between $7 million and $52 million) being threatened in the wake of the law's passage, according to FAIR spokesman Bob Dane.
FAIR's new breakdown shows that illegal immigrants take $1.6 billion from Arizona's education system, $694.8 million from health care services, $339.7 million in law enforcement and court costs, $85.5 million in welfare costs and $155.4 million in other general costs.
The organization concedes that enforcing Arizona SB1070, the new law that allows local police to ask for immigration documents and arrest those who don’t have them, will increase the state’s incarceration costs, police training budgets and prosecution expenses -- but it says those numbers can’t yet be estimated with certainty. Also, it says, some of those costs will be offset by revenues from fines levied against businesses charged with knowingly hiring illegal immigrants, as well as from immigrants themselves who might be charged with minor crimes and fined before being deported.
But the Immigration Policy Center, a major opponent of the new law, says FAIR's data do not accurately portray SB1070's potential outcome. “They count the costs and don’t look at the benefits. We tend to look at the benefits more closely,” said Council spokeswoman Wendy Sefsaf.
“It is like having a roommate and counting how much they cost in toilet paper and incidentals without looking at the benefits of having help with the rent,” she said.
“Overall, every comprehensive study has shown that immigrants are a net benefit to states. If you add their children, they are a very great benefit.”
The Center’s cost crunching found that "if all unauthorized immigrants were removed from Arizona, the state would lose $26.4 billion in economic activity, $11.7 billion in gross state product and approximately 140,324 jobs,” -- a disaster for the Grand Canyon State.
But FAIR’s numbers tell a far different story.
(Because of the polarizing nature of the debate and the lack of solid figures on everything from the number of illegal immigrants in the state to how to accurately figure their share of the costs, there are no numbers either side agrees on or has not challenged.)
Jack Martin, the chief researcher on the report, says his data, in fact, do include benefits like the estimated $142.8 million in taxes paid by an estimated 500,000 illegal immigrants, and he says the Council’s numbers are unrealistic.
“They assume every illegal alien will leave right away," Martin said. "That is not going to happen.”
He said FAIR'S new estimates far exceed the report he wrote in 2004, which helped gain support for the passage of the Arizona law. In 2004, he said, he estimated that illegal immigrants cost the state $1.3 billion -- less than half the new estimate.
He said the new numbers put a reliable cost estimate on the economic impact of illegal immigration -- not just in Arizona, because the debate there largely ended with the passage of the immigration law, but nationally, as the debate spreads across the country.
”The numbers just keep growing,” Dane said.
Both Dane and Martin said that among FAIR’s most important findings was an estimate that tax revenues to the state will actually increase if illegal immigrants leave.
“We discovered after looking at places where big raids were made that salaries went up after the raids because employers now had to pay competitive wages to Americans.” Martin said. “And that will mean more money for the state.”sentiment
cosmopolitan
life is bubble
if
bumblebeehttp://www.cardsharing.biz
http://www.comic-central.cc
http://www.tr-demoscene.info/bbs
http://dattebayobrasil.com/f
http://forum.candm.com.au
Researchers at FAIR – The Federation for American Immigration Reform -- released data exclusively to FoxNews.com that show a steady cost climb in multiple areas, including incarceration, education and health, in the last five years.
FAIR’s cost estimates – compiled for a comprehensive national immigration report it plans to release next month – include several new cost areas, including welfare and the justice system, that weren’t in previous reports.
FAIR admits that the cost to implement the new law in some of those categories, such as incarceration, will add to the economic strain on the state. But overall, it says, the loss of immigrants either from the deterrent effect of the law, voluntary exodus or from mass deportations, will help the state financially.
Also, the savings to the state will far overwhelm any fallout from boycotts (estimated at between $7 million and $52 million) being threatened in the wake of the law's passage, according to FAIR spokesman Bob Dane.
FAIR's new breakdown shows that illegal immigrants take $1.6 billion from Arizona's education system, $694.8 million from health care services, $339.7 million in law enforcement and court costs, $85.5 million in welfare costs and $155.4 million in other general costs.
The organization concedes that enforcing Arizona SB1070, the new law that allows local police to ask for immigration documents and arrest those who don’t have them, will increase the state’s incarceration costs, police training budgets and prosecution expenses -- but it says those numbers can’t yet be estimated with certainty. Also, it says, some of those costs will be offset by revenues from fines levied against businesses charged with knowingly hiring illegal immigrants, as well as from immigrants themselves who might be charged with minor crimes and fined before being deported.
But the Immigration Policy Center, a major opponent of the new law, says FAIR's data do not accurately portray SB1070's potential outcome. “They count the costs and don’t look at the benefits. We tend to look at the benefits more closely,” said Council spokeswoman Wendy Sefsaf.
“It is like having a roommate and counting how much they cost in toilet paper and incidentals without looking at the benefits of having help with the rent,” she said.
“Overall, every comprehensive study has shown that immigrants are a net benefit to states. If you add their children, they are a very great benefit.”
The Center’s cost crunching found that "if all unauthorized immigrants were removed from Arizona, the state would lose $26.4 billion in economic activity, $11.7 billion in gross state product and approximately 140,324 jobs,” -- a disaster for the Grand Canyon State.
But FAIR’s numbers tell a far different story.
(Because of the polarizing nature of the debate and the lack of solid figures on everything from the number of illegal immigrants in the state to how to accurately figure their share of the costs, there are no numbers either side agrees on or has not challenged.)
Jack Martin, the chief researcher on the report, says his data, in fact, do include benefits like the estimated $142.8 million in taxes paid by an estimated 500,000 illegal immigrants, and he says the Council’s numbers are unrealistic.
“They assume every illegal alien will leave right away," Martin said. "That is not going to happen.”
He said FAIR'S new estimates far exceed the report he wrote in 2004, which helped gain support for the passage of the Arizona law. In 2004, he said, he estimated that illegal immigrants cost the state $1.3 billion -- less than half the new estimate.
He said the new numbers put a reliable cost estimate on the economic impact of illegal immigration -- not just in Arizona, because the debate there largely ended with the passage of the immigration law, but nationally, as the debate spreads across the country.
”The numbers just keep growing,” Dane said.
Both Dane and Martin said that among FAIR’s most important findings was an estimate that tax revenues to the state will actually increase if illegal immigrants leave.
“We discovered after looking at places where big raids were made that salaries went up after the raids because employers now had to pay competitive wages to Americans.” Martin said. “And that will mean more money for the state.”sentiment
cosmopolitan
life is bubble
if
bumblebeehttp://www.cardsharing.biz
http://www.comic-central.cc
http://www.tr-demoscene.info/bbs
http://dattebayobrasil.com/f
http://forum.candm.com.au
English speaker
Currently working as Director of Rooms in International 5 Star Hotel in mainland China, with more than 10 years of hospitality experience blog new shirts 2010, blog new shirts 2010passionate for guest satisfaction, effectively leader,blog lace wedding dresses
blog lace wedding dressestrainer and problem solver.plus size wedding dressesplus size wedding dresses
Seeking for competitive opportunities in relavant fields in Beijing, China. Fluent Chinese and English speaker.
http://www.srbijawireless.net/forum
http://board.buddhist.ru
http://www.3agd.com
http://forum.stantonwarriors.com
http://hamasat.net/vb
blog lace wedding dressestrainer and problem solver.plus size wedding dressesplus size wedding dresses
Seeking for competitive opportunities in relavant fields in Beijing, China. Fluent Chinese and English speaker.
http://www.srbijawireless.net/forum
http://board.buddhist.ru
http://www.3agd.com
http://forum.stantonwarriors.com
http://hamasat.net/vb
Subscribe to:
Posts (Atom)