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Skilled immigrants becoming skilled emigrants

Immigrants to the United States with unique or valuable skills are starting to complete the roundtrip. Economic pressures and a difficult job market here have led many to return to their native countries to pursue new opportunities. This is particularly the case with immigrants from India and China, whose economies are growing this year. Meanwhile, unemployment is 9.7% in the United States right now – and likely to hit 10.3% early next year.

China's gross domestic product is poised to increase by 7.5% by the end of 2009, with India's up 5.4%. In the United States, on the other hand, GDP is forecasted to drop 2.6%.

Continue reading Skilled immigrants becoming skilled emigrants

Small business still powering

No doubt, small businesses are a powerful force in the U.S. economy in terms of job creation and innovation. And, according to a recent study from the Kauffman Foundation, it looks like things are still going strong, despite the slowing economy. For example, every month, about 500,000 new businesses are started (of course, there are certainly a good number that fail as well).

So, what are some of the key trends? Well, interestingly enough, there is quite a bit of growth from immigrants. In fact, they are more likely to start businesses than native-born Americans.

Something else: men are twice as likely to start a business then women. Actually, I think this is unfortunate because diversity certainly allows for stronger growth.

However, looking at the next decade or so, I suspect we'll see much more entrepreneurial activity. Why? It's when the Baby Boomers will reach their prime years for new business formation. They will have the wisdom and resources to take a flier. What's more, a new business may actually became an interesting way for Baby Boomers to essentially change the definition of "retirement" -- that is, leaving the rat race and doing what they really want.

Tom Taulli is the author of various books, including The Complete M&A Handbook (www.mergerbook.com) and is also a principal in Averiware, which provides an ERP system to small and mid-size businesses.

Ay caramba: Pizza chain makes peso policy permanent

For those still fuming over Pizza Patron's "Pizza for Pesos" program, the fun continues. The Dallas-based chain, which had drawn the ire of an untold number of currency purists, announced that its policy would become permanent.

In early January, Pizza Patron -- with 60 stores spread across Texas, Arizona and Colorado -- began a two-month trial period during which they accepted Mexican currency at 12 per U.S. dollar (the current rate being approximately 11 to 1) to honor their Hispanic patrons, which they claim account for 60% of their business.

What resulted exactly from this progressive and inclusive policy? People pretty much lost their cool.

The restaurant reported a deluge of critical e-mails, including death threats, and inadvertently threw their hat into the hostile immigration debate. "This is the United States of America, not the United States of Mexico," one critical e-mail read. "Quit catering to the damn illegal Mexicans," demanded another.

While most businesses along the Mexican and Canadian borders welcome foreign currencies as a courtesy, Pizza Patron's restaurants stretch as far away as Denver, intensifying the debate. Said Patricia Perez, a partner at L.A. public relations firm Valencia, Perez & Echeveste, "Right now there's a lot of anti-immigrant rhetoric going around that could make them a lightning rod."

From an undisclosed location, Pizza Patron founder and CEO Antonio Swad (who, incidentally, is Italian/Lebanese) said in a statement, "What the pesos for pizza program is intended to do is reinforce our brand promise - as the premier U.S. Latino brand.... We have carved this niche in the pizza industry to compete and serve an underserved market - the Latino customer, not to make any political statement."

B. Brandon Barker is the author of the novel Operation EMU.

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Last updated: May 28, 2012: 10:04 AM

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