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CNN —Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to dollarize the Argentinian economy. Dollarization means the country would give up the Argentine peso and use the US dollar as its currency. Milei’s proposal to switch Argentina’s currency from the peso to the US dollar rests on the argument that the dollar is stronger than the peso and, unlike the peso, cannot be printed at will. Sergio Massa, the country’s current economy minister and Milei’s run-off opponent, had criticized the plan for dollarization as a surrender of national sovereignty.
Persons: Javier Milei’s, Sergio Massa, CNN’s Abel Alvarado Organizations: CNN, Argentine, Cato Institute Locations: Washington decisionmakers, Ecuador, El Salvador, Argentina, Washington , DC
To fix the problem, Argentina should abandon the peso and adopt the dollar, whose value is set by the US Federal Reserve and cannot be printed at will. Massa has criticized the plan for dollarization as a surrender of national sovereignty and attempted to show that the government’s current actions are already paying dividends. Other mainstream politicians, including former the President Mauricio Macri and another former election candidate, Patricia Bullrich, have endorsed Milei despite sharing some reservations on dollarization. ET) and the vote count is expected to be quick – barring any unforeseen problems or objections, that is. Milei appeared to question the results of the first round of voting in October, although his party did not formally appeal.
Persons: Argentina’s, Sergio Massa, Javier Milei, Milei, Massa, dollarization, Pope Francis, , Satan ”, Francis, Tucker Carlson, Milton Friedman, Argentinians, Mauricio Macri, Patricia Bullrich, Brazil’s Luiz Inácio Lula da Silva, Colombia’s Gustavo Petro, Spain’s José Luis Rodriguez Zapatero, Jair Bolsonaro, Mario Vargas Llosa, Mariano Rajoy, Donald Trump Organizations: CNN, Massa, Union por la Patria, Union, La Libertad, US Federal Reserve, Cato Institute Locations: Buenos Aires, Argentina, South America, Latin America, Ecuador, El Salvador, US, Argentina’s, Peruvian, Spanish
It’s a sign a key engine for the world’s second-largest economy is still sputtering, despite Beijing’s stimulus packages. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's property crash worsened last month in a sign the world's second-largest economy is still facing headwinds despite recent government interventions. Evergrande serves as a case in point for how an industry that contributed to China's economic boom for decades has turned into a point of weakness. That's a sign investors are looking past US president Joe Biden's San Francisco summit with Chinese premier Xi Jinping and zeroing back in on China's economic struggles, according to analysts.
Persons: , That's, that's, Evergrande, Hui Ka Yan, Joe Biden's, Xi Jinping, Hargreaves, Susannah Streeter, Joe Biden Organizations: Service, National Bureau, Statistics, Bloomberg, Cato Institute, CSI Locations: China, Beijing, Chinese, Joe Biden's San Francisco
And that brings me to the second missing ingredient in the briefs supporting Rahimi: the Second Amendment itself. That is not surprising, the Cato brief notes, because when Section 922(g)(8) was enacted, there was no recognized right to individual gun ownership in the first place. to be deprived through such minimal process.”Other briefs in support of Mr. Rahimi take issue with the nature of protective orders themselves. When I first read Judge Ho’s opinion, I regarded it as an odd digression from the matter at hand, namely how to interpret and apply the Second Amendment. Does even this trigger-happy Supreme Court want to be seen as stripping from women in mortal danger from their intimate partners whatever safety this 29-year-old law has provided?
Persons: Roy S, Moore, , Rahimi, Heller, Cato, Judge James Ho, Abbott, Cruz Organizations: Foundation for Moral Law, Cato Institute, National Rifle Association Locations: Alabama
“It’s a fundamental strategic goal to present cases in the most favorable light possible, and that would include having a sympathetic and relatable person,” said Clark Neily, the senior vice president for legal studies at the Cato Institute, which has advocated gun rights. A panel of judges on the U.S. Court of Appeals for the Fifth Circuit wrote that he was “hardly a model citizen,” even as they sided with him. Mr. Rahimi’s case could expand gun rights protections by undoing a federal law that makes it a felony to possess a gun while under a domestic violence protective order. Although the case has garnered a flood of amicus briefs from groups like the National Rifle Association, the Second Amendment Foundation, and the Phyllis Schlafly Eagles, the organizations have largely shifted focus away from Mr. Rahimi. “You could imagine a different case challenging this same law with a much more sympathetic plaintiff.”
Persons: , , Clark Neily, Mr, Rahimi, Phyllis Schlafly Eagles, Eric Ruben Organizations: Cato Institute, U.S ., Appeals, Fifth Circuit, National Rifle Association, Amendment, Southern Methodist University, Brennan Center for Justice Locations: Texas
Two years later, Congress put such a law in place, prohibiting people facing domestic violence restraining orders from having guns. Gun rights organizations are supporting Zackey Rahimi, the Texas man whose challenge to the law led to the Supreme Court case. A gun, though, is more than just a potential source of violence, Glenn said, recalling how her husband threatened her and her then-teenage son, David, repeatedly. Rahimi’s case reached the Supreme Court after prosecutors appealed a ruling that threw out his conviction for possessing guns while subject to a restraining order. The court's decision in the Rahimi case could have widespread ripple effects, including in the high-profile prosecution of Hunter Biden.
Persons: — Ruth Glenn, Glenn, Cedric, ” Glenn, Zackey Rahimi, Shira Feldman, Brady, , ” Feldman, David, it’s, Rahimi, Cory Wilson, Wilson, ” Wilson, Clarence Thomas, Hashim Mooppan, Trump, ” Mooppan, , Clark Neily, Jacob Charles, Hunter Biden, ” Charles, Cedric Glenn, “ We’re, we’re Organizations: WASHINGTON, Associated Press, Survivor Justice, Biden, Republicans, Democrats, for Disease Control, Gun Safety, Circuit, Justice Department, Georgetown Law, Cato Institute, Pepperdine University Locations: Denver, Glenn, Texas, Arlington , Texas, U.S, Bruen, Malibu , California
When Joe Biden became president, he assumed a near impossible task: stopping migrants from crossing the U.S.-Mexico border amid a global displacement crisis. Despite his efforts, under his watch the number of people who crossed the border has risen sharply. The Republican-controlled committee’s report does not compare these results to what had occurred under President Donald Trump’s last two years in office. In the two years before President Biden took office, the Trump administration released nearly 713,000 immigrants, or a little over 52 percent of the 1.4 million crossers. In other words, Mr. Trump’s policies resulted in far fewer removals in absolute terms and a slightly higher percentage of released border crossers than President Biden’s.
Persons: Joe Biden, Biden’s, Donald Trump’s, Biden, Trump Organizations: Republican, of Homeland Security, Cato Institute Locations: Mexico,
Washington CNN —Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then. That’s more student loan forgiveness than was granted under any other administration – in part due to the Biden administration’s efforts to temporarily expand some debt relief programs and to correct past administrative errors made to borrowers’ student loan accounts. Expanding debt relief program for public-sector workersNearly $51 billion of student loan debt has been canceled for 715,000 borrowers through the Public Service Loan Forgiveness program since Biden took office. The PSLF program cancels outstanding federal student loan debt for public-sector workers who have made 120 qualifying monthly student loan payments, or about 10 years’ worth of payments. Nearly 513,000 borrowers with a total and permanent disability have received $11.7 billion in student loan forgiveness since 2021.
Persons: Joe Biden’s, Biden, Trump, they’d, , , Virginia Foxx, , Abby Shafroth, Shafroth, Betsy DeVos Organizations: Washington CNN, of Education, Office, Congress, , CNN, Department of Education, Republican, Education, White, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public Policy, National Consumer Law Center, Loan, Public, PSLF, University of Phoenix, Corinthian Colleges, Social Security Administration, Department of Veterans Affairs, Department, Social Security Locations: Michigan
For decades, the nation has been roiled by hyperinflation, sky-high interest rates, a growing mountain of debt, a string of sovereign defaults, and a cratering exchange rate. Rampant inflation has ravaged Argentina's currency over the years, wiping out much of its value against the dollar and ruining its appeal to consumers. The coveted bucks from the back alleys of Buenos Aires have their own price, even their own name: dólar blue, or the "blue dollar." AdvertisementAdvertisementUp 60,000% and going strongThe dollar's unofficial exchange rate smashed above 1,000 pesos for the first time last week, to hit levels almost three times as high as the official rate. That would almost certainly mean the blue dollar surging to new highs.
Persons: , It's, Javier Milei, Manuel Cortina Organizations: Service, Spain's Santander Group, Cato Institute, Local, Argentine, Monetary Fund, BBVA Locations: Argentina, Buenos Aires, bluedollar.net, American, Brazil, Argentine, Spanish
At the same time, Republican voters are warier of foreign conflicts and less interested in foreign policy than they have been during previous competitive primary elections, said Doug Heye, a Republican strategist. Republicans have often said that militants who support or carry out attacks on Israel will try to slip through the U.S.-Mexico border, despite scant evidence of it. He also said, without evidence, that Hamas militants were pouring over the U.S.-Mexico border. STRATEGY BRINGS RISKSRepublicans have drawn a link between national security and border security before, albeit in broader terms. Still, the immigration crackdown that Republican candidates have proposed is not without risk, said Ayres, the Republican pollster.
Persons: Jose Luis Gonzalez, Doug Heye, Whit Ayres, Nikki Haley, Donald Trump, Ron DeSantis, Trump, DeSantis, General, It's, Rob Godfrey, Haley, Ayres, You've, you've, Gram Slattery, Ted Hesson, Jason Lange, Ross Colvin, Howard Goller Organizations: U.S . Border Patrol, ATV, REUTERS, Rights, Republican, Republicans, U.S, Cato Institute, Florida, Border Patrol, Department of Homeland, U.S . Customs, DHS, ISIS, Thomson Locations: U.S, United States, Mexico, Sunland Park , New Mexico, Israel, America, Iowa, Gaza, Palestinian, Colombia, Colombian, California
Emma Jones, a spokesperson for the Fed, declined to comment on why many Fed officials, who in the past moved swiftly to acknowledge the war in Ukraine, weren’t addressing the war in Israel. There are some Fed officials who are starting to talk about it, though — albeit only when asked questions. Fed officials see little immediate threat to the US economyAtlanta Fed President Raphael Bostic was the first to speak about the war, at the American Bankers Association’s annual conference last Tuesday. That’s probably why more Fed officials were quicker to acknowledge the war in Ukraine, Dorn said. “I don’t think the Fed wants to look like they’re taking sides,” Dorn added — but said Fed officials could easily talk about it without looking partial.
Persons: Chris Waller, ” Waller, Michael Barr, Philip Jefferson, Michelle Bowman, Lorie Logan, Emma Jones, James Dorn, , , Raphael Bostic, Bostic, Neel Kashkari didn’t, aren't, they're, Al Drago, Susan Collins, ” Collins, Patrick Harker, we’ve, Harker, JPMorgan Chase, Jamie Dimon, ” Dorn, Dorn, There’s, Gregory Daco, Daco Organizations: New, New York CNN, Federal Reserve, , Dallas Fed, Fed, Cato Institute, CNN, Atlanta Fed, American Bankers, Minot State University, Minneapolis, Federal, Bloomberg, Getty, ” Boston, Wellesley College, Philadelphia Fed, Delaware State Chamber of Commerce, JPMorgan, Rystad Energy Locations: New York, Ukraine, Russia, Israel, Waller’s, North Dakota, Delaware, Iran, Lebanon, Syria, United States, That’s, Gaza, Hormuz, EY
SAVANNAH, Ga. (AP) — A Georgia man was left reeling after receiving a $1.4 million speeding ticket, but city officials say the figure was just a placeholder, not the actual fine. Connor Cato tells WSAV-TV in Savannah that he received the citation after getting pulled over in September for driving 90 mph (145 kph) in a 55 mph (89 kph) zone. He called the court thinking the figure was a typo but says he was told he either had to pay it or appear in court in December. Savannah officials say anyone caught driving more than 35 mph (56 kph) above the speed limit has to appear in court, where a judge will determine the actual fine. He added that the court “is currently working on adjusting the placeholder language to avoid any confusion.”
Persons: Connor Cato, WSAV, Cato, Joshua Peacock, ” Peacock, Organizations: Associated Press Locations: SAVANNAH, Ga, Georgia, Savannah
Conservative groups filed an appeal to block student-debt relief for borrowers on income-driven repayment. The relief is part of a one-time account adjustment for borrowers with the required years of payments. AdvertisementAdvertisementTwo conservative groups are not easing off their efforts to block student-loan forgiveness for thousands of borrowers. "That reduced supply of workers for public service jobs is a concrete economic injury." The one-time account adjustments are intended to get those borrowers relief, and it's been significant for some of those borrowers.
Persons: , Joe Biden's, it's, isn't, It's Organizations: Service, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Public, Education Department, Sixth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. CEA chairman Jason Furman: Maybe what we're seeing here is labor supply, not labor demandJason Furman, Harvard’s Kennedy School of Government professor and former CEA chairman under President Obama, Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chair, Sair Malik, Nuveen CIO, and CNBC’s Steve Liesman, join 'Squawk Box' to break down the September jobs report.
Persons: Jason Furman, Obama, Tyler Goodspeed, Sair Malik, Steve Liesman Organizations: Harvard’s Kennedy School of Government, Cato
CNN —Three Filipino fishermen have died after an “unidentified commercial vessel” allegedly rammed their fishing boat near Scarborough Shoal, the Philippine coast guard said Wednesday, compounding tensions in a region of the disputed South China Sea that is already a flashpoint. Philippine President Ferdinand Marcos Jr. said the coast guard is “backtracking and checking all monitored vessels in the area as part of its ongoing investigation,” according to a post on X, formerly known as Twitter. The South China Sea is a 1.3 million-square-mile waterway that is vital to international trade, with an estimated third of global shipping worth trillions of dollars passing through each year. Over the past two decades, China has occupied a number of obscure reefs and atolls far from its shoreline across the South China Sea, building up military installations, including runways and ports. Philippine Coast GuardPhotos released by the Philippine coast guard show the scene at Barangay Cato on October 3.
Persons: FFB Dearyn, , Ferdinand Marcos Jr, ” Marcos Organizations: CNN, Cato, Philippine Coast Guard, Barangay Cato, Philippine Coast Guard Scarborough Locations: Scarborough Shoal, Philippine, China, Pangasinan, Luzon, Beijing, Infanta, Pangasinan province, Philippines, Bajo, Masinloc, Manila, The Hague, South China
SCOTUS to hear case on the constitutionality of CFPB's funding
  + stars: | 2023-10-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSCOTUS to hear case on the constitutionality of CFPB's fundingMark Calabria, senior advisor at The Cato Institute and former director of The Federal Housing Finance Agency, along with NBC and MSNBC's Danny Cevallos, join 'The Exchange' to discuss Supreme Court hearing a case on the constitutionality of the Consumer Financial Protection Bureau's funding supply, how this supreme court ruling could impact similarly funded agencies, and the likelihood of the court returning a narrow decision.
Persons: SCOTUS, Mark Calabria, Danny Cevallos Organizations: Cato Institute, Federal Housing Finance Agency, NBC, Consumer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are beginning to enter a so-called 'debt doom loop', says Cato Institute's Romina BocciaRomina Boccia, Cato Institute director of budget and entitlement policy, and Michael Linden, Washington Center For Equitable Growth senior policy fellow and former OMB executive associate director in the Biden administration, join 'Squawk Box' to discuss the latest negotiations on Congress, the impact of a potential shutdown on the markets and economy, and more.
Persons: Cato Institute's, Boccia, Michael Linden, Biden Organizations: Cato Institute, Washington Center, Equitable Growth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrayscale, Ripple court rulings 'big black eyes' to the SEC: Cato Institute's Jennifer SchulpJennifer Schulp, the director of financial regulation studies at the Cato Institute's Center for Monetary and Financial Alternatives, who testified before lawmakers a few weeks after FTX filed for bankruptcy, weighs in on crypto regulatory developments in the U.S. She also discusses the impact of the recent Grayscale and Ripple rulings on the industry.
Persons: Cato, Jennifer Schulp Jennifer Schulp, FTX Organizations: SEC, Cato Institute's Center, Monetary Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse lawmakers push SEC Chair Gensler to approve spot bitcoin ETF applications: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jennifer Schulp, the director of financial regulation studies at the Cato Institute's Center for Monetary and Financial Alternatives, who testified before lawmakers a few weeks after FTX filed for bankruptcy, weighs in on crypto regulatory developments in the U.S.
Persons: Gensler, explainers, Jennifer Schulp, FTX Organizations: Email, SEC, CNBC Crypto, CNBC, Cato Institute's Center, Monetary Locations: U.S
CNN —The Supreme Court returns to Washington to face a new term and the fresh reality that critics increasingly view the court as a political body. Earlier this year, Roberts declined an invitation to appear before the Democratic-led Senate Judiciary Committee to discuss Supreme Court ethics, citing separation of powers concerns. Even if he did believe a formal ethics code is necessary, it’s unclear whether he would need a unanimous vote to move forward. Instead, they say, critics of the court are manufacturing a controversy to delegitimize the institution and staunch the flow of conservative opinions. Last week, she told an audience in Indiana that she thought it would be a “good” idea if the court were to adapt the ethics code used by lower court justices to fit the Supreme Court.
Persons: Donald Trump’s, Roe, Wade, John Roberts, Roberts, Joe Biden’s, , Justice Elena Kagan, Sonia Sotomayor, Ketanji Brown Jackson, , ” Kagan, Clarence Thomas, Samuel Alito, ” Cate Stetson, Hogan Lovells, Dick Durbin, Durbin, recuses, Carrie Severino, Alito, forthrightly, ” Alito, “ I’ve, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh Organizations: CNN, Democratic, Conservative, Cato Institute, Democrat, Judicial, Crisis Network Locations: Washington, Congress, Indiana, Lake Geneva , Wisconsin, Ohio
With the introduction of new laws, such as the CHIPS and Science Act and the Inflation Reduction Act of 2022, the Biden administration has been betting big on industrial policies to bring manufacturers back to the United States. This isn't the first time the U.S. government has spent tax dollars to guide industrial policy. If successful, industrial policies can potentially lead to big payoffs. "An example would be the development of mRNA vaccines for Covid," said Ed Gresser, vice president and director for trade and global markets at the Progressive Policy Institute. And that simply is a deterrent for investment and job creation here in the U.S."Watch the video to learn more about how industrial policies are affecting the manufacturing sector in the United States.
Persons: Biden, Scott Lincicome, Ed Gresser, Linicicome, Lincicome, Jay Timmons Organizations: Cato Institute, Progressive Policy Institute, National Association of Manufacturers, U.S . Locations: United States, Washington, U.S
JERUSALEM, Sept 20 (Reuters) - Israeli cybersecurity firm Legit Security said on Wednesday it raised $40 million in a private funding round led by venture capital fund CRV. Since its founding in September 2020, Legit has raised a total of $77 million. It noted that its customer base includes brands such as Google, the NYSE, Kraft Heinz and Takeda Pharmaceuticals. On Tuesday, Israeli cyber firm Cato Networks said it raised $238 million in a late stage funding round, valuing the company at $3 billion. Israel has emerged as a global leader in cyber security in recent years.
Persons: TCV, Kraft Heinz, Takeda, Steven Scheer Organizations: Bessemer Venture Partners, Google, NYSE, Kraft, Takeda Pharmaceuticals, Cato Networks, Thomson Locations: CRV, Israel
But as it turns out, I was just not using my imagination, because this year’s Burning Man was an absolute nightmare. casey newtonA bit more of a Drowning Man than a Burning Man, I have to say. kevin rooseYeah, so as someone who’s been to Burning Man, I was fascinated by just the logistics of it all, because it is already a mess to get in and out of Burning Man. kevin rooseSo you are, in addition to a Burning Man escapee this year, you’ve been actually going to Burning Man for a long time. When I say I don’t know what happened, I don’t know what happened to prompt the things that were being directed at us.
Persons: casey newton, kevin roose, I’ve, KEVIN, casey newton It’s, you’ve, it’s, I’ll, casey newton What’s, kevin roose Bluetooth, Kevin Roose, ” casey newton, Casey Newton, Jonathan Greenblatt, Elon, Kevin, casey newton Oh, casey newton You, “ shay, denfreude, kevin roose Schadenfreude, shay, who’s, It’s — casey newton, casey newton That’s, Smart, casey newton Ugh, kevin roose —, casey newton Right, — casey newton, kevin roose What’s, casey newton Sure, ” casey newton Never, Adrian Aoun, He’s, ” adrian aoun, adrian aoun, Larry Page, Adrian, I’m, casey newton Amen, here’s, you’d, we’ve, you’re, Larry, roose, Max, Harry Potter, adrian aoun I’m, they’re, adrian aoun —, , Rice Krispie, kevin roose Wow, let’s, adrian aoun Oh, adrian aoun She’s, She’s —, We’re, wrenches, hitchhike, I, Gerlach, kevin roose She’s, Y, It’s, They’re, — you’re, casey newton We’re, it’s Elon Musk, Elon Musk, Mark Zuckerberg, Donald Trump, West, kevin roose It’s, Casey, casey newton Well, Linda Yaccarino, Jonathan, kevin roose Jonathan, ” jonathan greenblatt, jonathan greenblatt, CHUCKLES, I’d, Linda, kevin roose You, Nick Fuentes, haven’t, Kevin —, that’s, what’s, we’re, casey newton I’ve, jonathan greenblatt I’m, We’ve, — what’s, Here’s, That’s, John, , , CASEY, kevin roose Totally, Hank Green, Hank, ” Hank, hank, It’s Hank, Ben Shapiro, kevin roose Hank, Diana Dionisio, Diana, Snapchat, Jay Hepler, Jay, ” Casey, don’t, casey newton Really, casey newton I’m, Holly Godfrey, Holly, Kevin Scott, Kevin Scott’s, Bing, Rachel Cohn, Jen Poyant, Caitlin Love, Chris Wood, Dan Powell, Elisheba Ittoop, Marion Lozano, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresti, Jeffrey Miranda, CASEY CHUCKLES Organizations: The New York Times, Defamation League, porta, Electric, Google, Labs, Black Rock, casey newton Fair, Burning, Reno, Defamation, Elon, Labor, Twitter, Center, ADL, Nazi, Anti, Twitter’s Trust, Safety, OG, YouTube, Cato Institute, US, Microsoft, Kevins, Davis Locations: Nevada, La Habra , California, Spanish, East, Iraq, Coachella, Bay, Solano County, Toronto, San Francisco, Silicon Valley, Hogwarts, playa, Haiti, Dunkirk, , Gerlach, LA, New York, Reno, it’s Reno, America, Florida, chemo, Tokyo, That’s, hardfork@nytimes.com
The adherents of the "Yes In My Backyard," or YIMBY, movement believe that America's housing crisis comes down to the fundamental tension between supply and demand. Today, nearly 75% of residentially-zoned land in the US is restricted to single-family housing — detached homes designed for one family. Folks are like, 'Oh, we're in a housing crisis for the very first time. Ground zero for the modern YIMBY movement was California, where sky-high home prices forced people to reconsider their attitudes toward development. The city didn't allow new multiunit buildings to be taller or wider than the single-family homes they replaced, making construction less financially attractive to developers.
Persons: Nolan Gray, YIMBYism, Sonja Trauss, Trauss, YIMBYs, NIMBYs, Gray, I'm, , Bill, They've, Tayfun Coskun, Muhammad Alameldin, Emily Hamilton, We're unwinding, Jenny Schuetz, Greg Gianforte, California YIMBY, Republican Sen, Todd Young, Democratic Sen, Brian Schatz, Eliza Relman, Kelsey Neubauer Organizations: San, San Francisco Bay Area, Urban Institute, Twitter, of Regional Planning, Public, Cato Institute, University of California, Berkeley Terner Center, Housing, George Mason University, Conservative, Brookings Institute, Republican, Todd Young of Indiana, Democratic, Hawaii Locations: California, San Francisco Bay, San Francisco, I'm, Los Angeles County, Florida, Utah, Minneapolis, Oregon, Austin, Dallas, Seattle, Portland , Oregon, Denver, New York, Texas, YIMBYism, We're, Bozeman, Montana, Miami
The U.S. had more than 9 million open roles in June, and while that’s down from the peak of 12 million in March 2022, it’s still among the highest number of openings we’ve had since before 2000. With 5.8 million unemployed workers in the U.S., some economists say all of these roles are unlikely to be filled by people currently living in the U.S. Fifty-one percent of Americans surveyed by the Cato Institute worry immigration could reduce the number of jobs available. Hankinson explained the current visa system, specifically in the case of the HB-1 visa, undercuts the skilled labor market by bringing in workers from abroad. Watch the video to learn more about how U.S. immigration policies impact economic growth and how the U.S. can fix it.
Persons: it’s, ” David J, Bier, , Darrell Bricker, Dany Barah, ” Bahar, , Simon Hankinson, Hankinson, It's Organizations: U.S, Cato Institute, CNBC, Cato, Ipsos Public Affairs, Brown University, Occupational Opportunity Network, Heritage Foundation, HB Locations: U.S, United States, Canada, Venezuelan
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