News you Missed!!
Mexican bank chief talks immigration
By DIANNE SOLÍS / The Dallas Morning News (Common Sense in Mexico!)
Guillermo Ortiz, Mexico's central bank governor, admits he takes a contrarian view on immigration policy.
Unlike the current Mexican administration, Mr. Ortiz thinks tougher enforcement policies in the U.S. might help Mexico.
"I think Mexico needs its people," said the 58-year-old Stanford-educated economist, on Tuesday in Dallas. "It would be best to keep its people in Mexico, and it would give incentives for Mexico to create the jobs that are needed."
In remarks to the editorial board of The Dallas Morning News, Mr. Ortiz characterized his views as a "little contrarian" to those of President Vicente Fox, who has pushed for a guest worker plan with the U.S.
Instead, he says tougher enforcement measures, such as those being discussed in Congress, "would not be altogether bad. It would certainly be better over the long run.
U.S. Loses Ranking as Most Competitive Economy to Switzerland
Sept. 26 (Bloomberg) -- The U.S. lost its position as the world's most competitive economy to Switzerland as budget and trade deficits prompted a slide to sixth in the World Economic Forum's annual rankings.
Switzerland jumped from fourth place last year and Finland, Sweden, Denmark and Singapore all overtook the U.S. with Japan, Germany, the Netherlands and the U.K. rounding out the top ten in the study of 125 nations by the Geneva-based forum.
The decline in U.S. competitiveness adds to questions about the outlook for the world's largest economy as economists at JPMorgan Chase & Co. suggest its potential for growing without inflation is fading and as the expansion shows signs of slowing.[snip]Note: listen to this from Cspan, it was a good hearing! NOT good news. They all agreed that there were not enough troops and without initially SECURING IRAQ's borders the insurgents roll over the borders every day.
By John E. CareySeptember 26, 2006
Three retired U.S. Army Officers address a congressional committee on the war in Iraq in starkly harsh words Monday.