Author Archives: AidenLoche

Black Immigrants Brace for Dual Hardships Under Trump

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Two days before the presidential election, Donald Trump traveled to the deeply segregated city of Minneapolis to make a final pitch to voters. He didn’t spend any time discussing Minnesota’s racial wealth gap—according to one study, the state’s financial disparity between races is the highest in the country—or the fatal police shooting of Philando Castile during a traffic stop in the state four months earlier.

Instead, he talked about Minnesota’s Somali population, larger than in any other state. “Here in Minnesota, you’ve seen first-hand the problems caused with faulty refugee vetting, with very large numbers of Somali refugees coming into your state without your knowledge, without your support or approval,” Trump said in the November 6 speech. “Some of them are joining ISIS and spreading their extremist views all over our country and all over the world,” he added.

A thousand miles away in New York City, the speech left Amaha Kassa worried. In 2012, Kassa founded African Communities Together, an immigrant rights group that connects African immigrants to services and advocates for immigration policies beneficial to people coming from Africa. “When our community sees a group of African immigrants being targeted in that way, then that gives cause for concern about what we are going to see from the administration,” he said of Trump’s Minnesota speech. “The fear is that under President Trump it is going to get worse.”

In the weeks after Trump’s stunning electoral upset, discussions of what the incoming administration could mean for immigrants have largely focused on the concerns of undocumented Latinos—an unsurprising development given the size of that population and its vocal activism in recent years. But other immigrant communities have also begun to question exactly how the Trump administration will affect their lives. And the country’s growing black immigrant population, which advocates say has borne the brunt of some of the country’s harshest immigration policies, fears that it could suffer particularly severely under Trump.

Advocates point to Trump’s call for a restoration of “law and order,” his focus on “criminal aliens,” and his proposal to make nationwide use of “stop and frisk,” the highly controversial New York practice that targeted minorities disproportionately and was eventually found ineffective and unconstitutional. (Trump has since walked back his stop-and-frisk proposal after criticism.) Immigrant groups worry that these policies could prey on black immigrants, given widespread evidence of prejudice that causes people to equate blackness with criminality and black immigrants’ existing struggles in the immigration enforcement system. Trump has also used harsh rhetoric about refugees, causing concern among groups that have fled disaster and conflict zones in Haiti and parts of Africa.

Recent policy proposals to assist immigrants have focused largely on Latino groups, leaving some black immigrants to feel that their concerns aren’t being addressed by lawmakers. “People don’t look at particular communities and how they benefit within the overall immigration system,” says Francesca Menes, the policy and advocacy coordinator for the Florida Immigrant Coalition and a member of the Black Immigration Network. “When you’re black and you’re coming from a black country it is much harder for you to come into the US.”

The United States’ black immigrant population has grown considerably in recent decades. According to a report released earlier this year by the Black Alliance for Just Immigration and the New York University School of Law’s Immigrant Rights Clinic, black immigrants now account for nearly 10 percent of the nation’s black population, up from roughly 3 percent in 1980. The majority come from Africa and the Caribbean, with immigration from African countries seeing a particularly sharp increase in recent years in response to a number of humanitarian crises. While black immigrants are more likely to be in the country lawfully than some other immigrant groups, the undocumented black population is growing at a faster rate than the overall foreign-born black population. The roughly 600,000 undocumented black immigrants currently living in the United States may have cause to be especially concerned about Trump’s plans for deporting large numbers of undocumented immigrants.

“Being undocumented and black, we have the traditional issues that come with being undocumented,” says Jonathan Jayes-Green, a founder and coordinator of the UndocuBlack Network, a group that advocates for the black undocumented community. “But because we are also black we deal with the ways in which blackness is criminalized in this country.”

The Black Alliance for Just Immigration report found that black immigrants, like the black population overall, were more likely to have criminal convictions, and that as a result they were more likely than other immigrant groups to be detained by immigration officials and to be deported due to a criminal record. Although less than 8 percent of the noncitizen population in the United States is black, more than 20 percent of immigrants in deportation proceedings on criminal grounds are black. The report notes that in 2013, “more than three quarters of Black immigrants who were deported were removed on criminal grounds in contrast to less than half of immigrants overall.”

“The voices of black immigrants were not being heard in migrant rights, even as some of the most violent aspects of migration were impacting black immigrants the most,” says Ben Ndugga-Kabuye, a research and policy associate with the Black Alliance for Just Immigration. Ndugga-Kabuye attributes much of the expansion of immigration enforcement and detention to the Illegal Immigration Reform and Immigrant Responsibility Act of 1996, a bill passed as part of the Clinton administration’s tough-on-crime agenda. “The criminal justice system became the welcome mat into the immigration system, and the issues of racial profiling in the criminal justice system are replicated in the immigration system,” he says.

Many of the issues black immigrants face in the immigration enforcement system are not new. Advocates note that the focus on immigrants with criminal records intensified during the Obama administration and could become even more of an issue once Trump takes office. While the president-elect’s exact policy plans remain unclear, he has frequently discussed his desire to deport undocumented immigrants en masse and has more recently settled on the goal of deporting as many as 3 million “criminal aliens” during his first hours in office. He has also suggested that he would give more leeway to police. During the campaign, he frequently characterized black protesters reacting to instances of police violence as anti-police.

“I think our communities were already in a state of emergency under a Democratic president,” says Jayes-Green. “We are already not in the best of places, so as we think about the next administration, our community has gone into a sort of crisis control.”

More:  

Black Immigrants Brace for Dual Hardships Under Trump

Posted in Citizen, FF, GE, LG, ONA, ProPublica, Radius, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Black Immigrants Brace for Dual Hardships Under Trump

The Fracking Boom Could End Way Sooner Than Obama Thinks

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

President Obama is fond of touting America’s vast trove of natural gas—and the energy (read: economic growth) it can provide—as a reason to support fracking. “Our 100-year supply of natural gas is a big factor in drawing jobs back to our shores,” he told a gathering at Northwestern University in October.

You can hear that same optimism about US natural gas production from Democrats, Republicans, and of course, the industry itself. The conviction that America can fuel its economy by churning out massive amounts of natural gas for decades has become a core assumption of national energy policy. But what if it’s wrong?

Those rosy predictions are based on official forecasts produced by the Energy Information Administration, an independent federal agency that compiles data on America’s energy supply and demand. This spring, EIA chief Adam Sieminski told a Senate hearing that he was confident natural gas production would grow 56 percent between 2012 and 2040. But the results of a series of studies at the University of Texas, reported today in an article in the journal Nature, cast serious doubt about the accuracy of EIA’s forecasts.

The UT team conducted its own analysis of natural gas production at all four of the US’s major shale gas formations (the Marcellus, Haynesville, Fayetteville, and Barnett), which together account for two-thirds of America’s natural gas output. Then, they extrapolated production into the future based on predicted market forces (the future price of gas relative to other fuels) and known geology. Their analysis suggests that gas production will peak in 2020, 20 years earlier than the EIA predicts. What’s more, the UT researchers project that by 2030, gas production levels will be only half of EIA’s prediction.

The difference in opinion stems from a difference in the scale of the analyses. The UT team’s grid for each shale play studied was at least 20 times finer than EIA’s, according to Nature:

Resolution matters because each play has sweet spots that yield a lot of gas, and large areas where wells are less productive. Companies try to target the sweet spots first, so wells drilled in the future may be less productive than current ones. The EIA’s model so far has assumed that future wells will be at least as productive as past wells in the same county. But this approach, UT-Austin petroleum engineer Ted Patzek argues, “leads to results that are way too optimistic”.

Why do these numbers matter? The federal government, states, and the private sector all base their energy investments—research and development, infrastructure construction, etc.—on forecasts of where our energy will come from in the future. If natural gas really is super-abundant, there may be less urgency to invest in renewables like solar and wind to replace coal plants as they age or are regulated out of existence. But if there’s less recoverable natural gas than we think, we’ll need to change our strategy to avoid coming up short on power 20 years down the line. At the same time, there are international repercussions: Many countries are taking cues from the United States on how to develop their own natural gas resources, so what happens here will shape those plans as well. And a series of massive natural gas export facilities are already being proposed across the US to ship our gas overseas; what will happen to global markets if those run dry prematurely?

Because they rely on informed guesses about future market conditions, these forecasts can never be bulletproof, and the UT study doesn’t close the book on how much natural gas the US really has in store. But it’s an important reminder that we should treat politicians’ promises about fossil fuel wealth with skepticism.

This article is from:  

The Fracking Boom Could End Way Sooner Than Obama Thinks

Posted in alo, Anchor, FF, GE, LAI, LG, ONA, Pines, Radius, solar, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on The Fracking Boom Could End Way Sooner Than Obama Thinks

Don’t Believe the Crocodile Tears Over High Corporate Tax Rates

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The US corporate tax code is inefficient, distortive, and staggeringly complex. Almost no one defends it on those grounds. But US multinational corporations, who have recently been engaged in a wave of tax inversions, have a different complaint: our tax rates are just flatly too high. They make American corporations uncompetitive compared to their foreign peers, and that’s why they’re being forced to relocate their headquarters to other countries with lower tax rates.

Edward D. Kleinbard, a professor at the Gould School of Law at the University of Southern California and a former chief of staff to the Congressional Joint Committee on Taxation, says this is nonsense. Firms that are entirely (or almost entirely) domestic do indeed pay high corporate taxes. But multinationals don’t. Thanks to the “feast of tax planning opportunities laid out before them on the groaning board of corporate tax expenditures,” they mostly pay effective tax rates that aren’t much different from French or German companies. They are, in fact, perfectly competitive.

So why the recent binge of tax inversions?

The short answer is that the current mania for inversions is driven by U.S. firms’ increasingly desperate need to do something with their $1 trillion in offshore cash, and by a desire to reduce U.S. domestic tax burdens on U.S. domestic operating earnings.

The year 2004 is a good place to start, because that year’s corporate offshore cash tax amnesty (section 965) had a perfectly predictable knock-on effect, which was to convince corporate America that the one-time never to be repeated tax amnesty would inevitably be followed by additional tax amnesties, if only multinationals would opportune their legislators enough. The 2004 law thus created a massive incentive to accumulate as much permanently reinvested earnings in the form of cash as possible.

….The convergence of these two phenomena led to an explosion in stateless income strategies and in the total stockpile of U.S. multinationals’ permanently reinvested earnings. But U.S. multinationals are now hoist by their own petard. The best of the stateless income planners are now drowning in low-taxed overseas cash….It is less than a secret that firms in this position really have no intention at all of “permanently” reinvesting the cash overseas, but instead are counting the days until the money can be used to goose share prices through stock buy backs and dividends.

….The obvious solution from the perspective of the multinationals would have been a second, and then a third and fourth, one-time only repatriation holiday, but there are still hard feelings in Congress surrounding the differences between the representations made to legislators relating to how the cash from the first holiday would be used, and what in fact happened.

Indeed. Back in 2004, multinational corporations swore that if Congress granted them a tax amnesty to repatriate their foreign income into the United States, it would unleash a tsunami of new investment. Needless to say, that never happened. Corporate investment had never been credit-constrained in the first place. Instead, all that lovely cash was used mostly to goose stock prices via buy-backs and increased dividends. It’s no wonder that Congress is unwilling to repeat that fiasco.

Kleinbard’s paper is an interesting one, with a couple of fascinating case studies demolishing the self-serving ways that corporate CEOs try to blame the tax code for things that have nothing to do with it. Andrew Ross Sorkin has more here.

Continue reading: 

Don’t Believe the Crocodile Tears Over High Corporate Tax Rates

Posted in Everyone, FF, GE, LAI, LG, ONA, Uncategorized, Venta, Vintage | Tagged , , , , , , , , , , , | Comments Off on Don’t Believe the Crocodile Tears Over High Corporate Tax Rates

How Hobby Lobby Undermined The Very Idea of a Corporation

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Here’s one more reason to worry about the Supreme Court’s Hobby Lobby decision, which allowed the arts and crafts chain to block insurance coverage of contraception for female employees because of the owners’ religious objections: It could screw up corporate law.

This gets complicated, but bear with us. Basically, what you need to know is that if you and some friends start a company that makes a lot of money, you’ll be rich, but if it incurs a lot of debt and fails, you won’t be left to pay its bills. The Supreme Court affirmed this arrangement in a 2001 case, Cedric Kushner Promotions vs. Don King:

linguistically speaking, the employee and the corporation are different “persons,” even where the employee is the corporation’s sole owner. After all, incorporation’s basic purpose is to create a distinct legal entity, with legal rights, obligations, powers, and privileges different from those of the natural individuals who created it, who own it, or whom it employs.

More MoJo coverage of the Supreme Court’s Hobby Lobby decision.


Hobby Lobby’s Hypocrisy: The Company’s Retirement Plan Invests in Contraception Manufacturers


The 8 Best Lines From Ginsburg’s Dissent


Why the Decision Is the New Bush v. Gore


How Obama Can Make Sure Hobby Lobby’s Female Employees Are Covered


Hobby Lobby Funded Disgraced Fundamentalist Christian Leader Accused of Harassing Dozens of Women

That separation is what legal and business scholars call the “corporate veil,” and it’s fundamental to the entire operation. Now, thanks to the Hobby Lobby case, it’s in question. By letting Hobby Lobby’s owners assert their personal religious rights over an entire corporation, the Supreme Court has poked a major hole in the veil. In other words, if a company is not truly separate from its owners, the owners could be made responsible for its debts and other burdens.

“If religious shareholders can do it, why can’t creditors and government regulators pierce the corporate veil in the other direction?” Burt Neuborne, a law professor at New York University, asked in an email.

That’s a question raised by 44 other law professors, who filed a friends-of-the-court brief that implored the Court to reject Hobby Lobby’s argument and hold the veil in place. Here’s what they argued:

Allowing a corporation, through either shareholder vote or board resolution, to take on and assert the religious beliefs of its shareholders in order to avoid having to comply with a generally-applicable law with a secular purpose is fundamentally at odds with the entire concept of incorporation. Creating such an unprecedented and idiosyncratic tear in the corporate veil would also carry with it unintended consequences, many of which are not easily foreseen.

In his opinion for Hobby Lobby, Justice Samuel Alito’s insisted the decision should be narrowly applied to the peculiarities of the case. But as my colleague Pat Caldwell writes, the logic of the argument is likely to invite a tide of new lawsuits, all with their own unintended consequences.

Small wonder, then, that despite congressional Republicans defending the Hobby Lobby decision as a victory for American business against the nanny state, the US Chamber of Commerce—the country’s main big business lobby—was quiet on the issue. Even more telling: Despite a record tide of friends-of-the-court briefs, not one Fortune 500 weighed in on the case. In fact, as David H. Gans at Slate pointed out in March, about the only sizeable business-friendly groups that did file briefs with the court were the US Women’s Chamber of Commerce and the Gay and Lesbian Chamber of Commerce. Both sided against Hobby Lobby.

See the original post: 

How Hobby Lobby Undermined The Very Idea of a Corporation

Posted in alo, Anchor, FF, GE, LG, ONA, PUR, Radius, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on How Hobby Lobby Undermined The Very Idea of a Corporation