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Politics

Fewer Migrant Kids Arriving Alone at US Border, Knowledge Reveals

The number of migrant children and teenagers arriving alone at the United States border with Mexico decreased last month compared to a month earlier, according to newly released Customs and Border Protection data.

There was a slight increase in the number of border crossings, encounters and apprehensions overall during the same time period, a sign that the record surge of migrants trying to get into the country this spring could be starting to stabilize.

But the problem is far from over for the Biden administration, which is currently trying to safely place more than 16,000 migrant children in government custody with family members living in the United States. The administration on Monday threatened to sue the state of Texas if Gov. Greg Abbott, a Republican, follows through with his threat to shut down more than 50 shelters in the state where thousands of migrant children have been living.

Mr. Abbott’s action, which was part of a disaster order issued at the end of last month, was seen by many as a deliberate swipe at the Biden administration’s more compassionate posture on immigration compared to the restrictive measures of the Trump administration.

It is typical for the number of migrants traveling to the United States through the southern border to increase during spring months, but this year the turnout has been much higher, with a nearly 50 percent increase in border crossings, encounters and apprehensions in March, April and May compared to a similar surge over the same period in 2019.

Republicans have seized on the surge along the southern border, calling it a crisis — a term the Biden administration has avoided.

Most of the adult migrants who have been arriving at the southern border this year have been barred from entering the country because of a public health rule put in place during the Trump administration, which is responsible for more than 463,000 expulsions on the southern border between January and May of this year.

While the last administration also barred children for public health reasons, the Biden administration has been allowing migrant children to enter the country and stay in shelters overseen by the Department of Health and Human Services until they can be placed with a family member or other sponsor. Since the beginning of the year, more than 65,000 migrant children and teenagers arrived alone on the southern border, with record numbers arriving during the spring months. Nearly 2,900 fewer migrant children arrived alone at the southern border in May compared to a month earlier.

Because of a shortage of shelter space at the federal government’s network of state-licensed facilities earlier this year, migrant children were forced to stay in overcrowded holding cells along the southern border long past the legal limit. Earlier this year, the Biden administration moved to set up about a dozen emergency shelters where the children could stay in Health and Human Services custody until they are placed with a family member or sponsor inside the United States.

Recently, migrant children and teenagers have been staying in H.H.S. custody for an average of 37 days, according to government statistics. Children’s advocates have said ideally a child would not have to stay more than 20 days in a government shelter.

Categories
Politics

Pelosi calls kids arriving at U.S.-Mexico border a ‘humanitarian disaster’

House Spokeswoman Nancy Pelosi (D-CA) speaks to the media during a briefing on Capitol Hill in Washington on March 11, 2021.

Joshua Roberts | Reuters

House spokeswoman Nancy Pelosi, D-Calif., Said Sunday the influx of unaccompanied children on the US-Mexico border was a “humanitarian crisis” and the result of former President Donald Trump’s policies.

Pelosi’s remarks came a day after Homeland Security Secretary Alejandro Mayorkas announced that the Federal Emergency Management Agency would begin housing and transferring children arriving at the southern border.

“The Biden administration is trying to fix the broken system that was left to them by the Trump administration,” Pelosi told reporters on Sunday. “The Biden government will have a system based on doing the best possible job and understanding that this is a humanitarian crisis.”

President Joe Biden’s administration has stopped calling the situation on the border a crisis.

On his first day in office, Biden put an end to Trump’s declaration of an “emergency” on the southern border that the former president had used as a legal mechanism to divert additional funds towards building a wall.

During a press conference at the White House earlier this month, Mayorka told reporters that he did not believe the situation at the border was a crisis.

“The answer is no,” said the DHS secretary. “I think there is a challenge at the border that we manage and we have put our resources into it.”

Biden campaigned for a sweeping reversal of Trump’s tough immigration policies, but a growing number of children in customs and border protection has challenged the burgeoning administration.

More than 3,700 children have been in CBP detention since last week, a record number, with around 450 arrested daily, according to CNN. Many of these children are being held in facilities similar to prisons, according to the outlet.

The Trump administration has been screened for its treatment of children trying to enter the US via Mexico.

The Republicans have tried to portray the Democrats as low immigration. On Monday, House minority chairman Kevin McCarthy, R-Calif., Is due to travel to the southern border with a delegation of Republicans, Axios reported.

McCarthy wrote a letter to Biden on March 5 saying he felt “compelled to express great concern about the way your administration is approaching this crisis,” adding that he “had the hope that we can work together to solve them “.

On the previous Sunday, Pelosi said on ABC’s “This Week” that the increase in unaccompanied children arriving at the border was “a humanitarian challenge for all of us”.

“What the government has inherited is a broken system on the border and they are working to correct that in the interests of the children,” Pelosi said.

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Categories
Business

With Vaccines Arriving, Worth Traders Strive for a Comeback

Bill Nygren, vice president of Oakmark Funds, says his firm holds shares in CBRE, an office leasing company that he expects to appreciate in an economic recovery. Office work, he says, will recover. “Any company with a differentiated culture that believes they can remotely keep it alive is wrong,” said Nygren.

At the same time, like some other value investors, Mr. Nygren has bought stocks that, by most definitions, are on the growth side rather than the value side of the stock spectrum. The three largest holdings in the Oakmark mutual fund are Alphabet, Facebook, and Netflix, which make up just over 11 percent of its portfolio.

“People say a growing company can’t be a value stock,” said Nygren. “But to us, a value stock means that the stock sells for less than the deal is worth.” Netflix’s rapidly growing subscriber base is more valuable than conventional metrics such as price-to-book values ​​would suggest.

Comcast is one of the largest holdings in the Dodge and Cox Stock Fund, which highlights high capital value stocks, said Charles Pohl, chairman and chief investment officer of Dodge and Cox. While Comcast’s traditional television business faces stiff competition from online competitors such as Netflix, the company is successful in providing high-speed Internet services to customers and should benefit from a broad economic recovery.

He is also confident that financial stocks will recover with the economy. As of September 30, the fund held shares in Capital One, Charles Schwab, Bank of America and Wells Fargo, and financial stocks should lose value as the economy recovers.

Steve Watson, Portfolio Manager at Capital Group, who works for the American Funds Capital Income Builder, among others, said: “If we look at the world again, the market will look across the valley to the other side. “” He pointed to Total, the French oil company, as one of the stocks that would return when the world returned. And he noted that chemical company Dow’s shares rose sharply late in the year “because it is a company with a broad portfolio of chemical products that will help the global economy recover.”

In his view, value stocks were wrongly “knocked down”. “The market has been overwhelmed by growth,” he said.