Sunday Reading – 09/30/18


The following links are just news items and opinions that pass my desk throughout the week. I don’t necessarily support or advocate any of the items, they are just interesting reads

Why the SEC Sued Elon Musk, and What It Means for Tesla – Securities fraud secured? A lawsuit filed by the Securities and Exchange Commission (SEC) on Thursday alleges that Tesla CEO Elon Musk made “false and misleading statements” about the possibility of taking the company private — and asks the court to bar him from serving as an officer or director of a public company.

Tesla’s share price quickly fell over 10% in after-hours trading following the news, as investors scrambled to handicap the odds of a Musk departure.

The selling pressure could continue: In a note released early Friday, Citigroup analyst Itay Michaeli downgraded Tesla to “sell,” saying that the SEC’s action has increased the risk of a “downward confidence spiral.”

There’s still much we don’t know about the government’s case against Musk and (possibly) Tesla itself. But here’s what we do know, and what might be coming next.

Simply put, the SEC is alleging that Musk did not, in fact, have “funding secured” when he tweeted these statements on Aug. 7, and that these statements disrupted the market for Tesla’s stock.

The SEC alleges that taken together, Musk’s statements and related conduct add up to a series of violations of Rule 10b-5. Rule 10b-5 is a regulation that was created under the Securities Exchange Act of 1934. It prohibits the “employment of manipulative and deceptive devices” in connection with the purchase or sale of any security.

In short: The SEC is alleging that Musk’s tweets and statements amounted to securities fraud. Read More > at The Motley Fool

In New York’s war between cats and rats, the rats win hands down – Feral cats fail to fulfil their role as rat controllers in New York City, new research reveals.

Cats (Felis catus) are often released in New York in the belief that they will make a dent on the city’s centuries-old rat problem. However, a study of the two species in the mean streets of Gotham reviewed 306 videos of cat-rat interactions over a 79-day period and found that just two – yes, two – rodents lost their lives.

In contrast, earlier research from the US suggests that feral cats are likely the single greatest source of anthropogenic mortality for US birds and mammals. In Australia, a 2017 review on cat predation on birds estimated that they consume up to a million native birds per day.

The latest study, from a team led by Michael Parsons of Fordham University in the US, acknowledges that cats are clearly efficient killers, but concludes that the low rat kill rate over nearly three months suggests they are avoiding them and opting for less challenging prey.

New York rats are brown rats (Rattus norvegicus) and famed for their size and fearlessness. Online videos abound of subway rats crawling on sleeping commuters, or stealing slices of pizza. Read More > at Cosmos

A Trio of Migration Crises in Latin America Won’t Stay Confined to the Region – In the hierarchy of global attention, problems affecting Latin America rank well below the various political dramas and turmoil unfolding in the United States, Europe and the Middle East. But that high threshold cannot obscure the daunting reality in the region. Latin America today is facing three simultaneous, largely unrelated migration crises, placing enormous pressure on already limited resources and testing the stability, durability and effectiveness of its leaders, values and institutions.

Large numbers of people are currently fleeing for their lives from three separate conflicts in Venezuela, Nicaragua and Central America’s so-called Northern Triangle, which includes El Salvador, Guatemala and Honduras.

The largest of the three crises, the one that has garnered the greatest international notice, is Venezuela’s. The United Nations estimates 2.3 million Venezuelans have left the country since 2014. Other analysts put the number much higher. Whatever the precise figure, there is no question that conditions in Venezuela have become increasingly untenable due mostly to the economic mismanagement of the autocratic government led by President Nicolas Maduro. Hyperinflation, a malady that many thought had been eradicated from the continent, has now exploded again in Venezuela, with the International Monetary Fund forecasting that inflation will reach a breathtaking 1 million percent by the end of this year. The public health sector has completely collapsed, and scarcity of just about every product has contributed to a spiral of despair. An estimated 90 percent of Venezuelans now live in poverty.

…While South American nations contend with the reverberations from Venezuela, a new conflict has burst onto the scene in Central America, triggering another human exodus. Earlier this year, protests against the entrenched rule of Nicaraguan President Daniel Ortega escalated into bloody clashes that have left hundreds dead. To be sure, the events in Nicaragua are not completely unrelated to those in Caracas, as Venezuela’s financial woes have squeezed Ortega, one of Maduro’s allies.

Nicaragua’s turmoil triggered an economic contraction, causing more people to flee. Tiny Costa Rica, just over the border of the San Juan River, has seen a surge of Nicaraguans, with no end in sight.

…Then there’s the crisis in the Northern Triangle. The legacy of Central America’s civil wars of the 1980s and a series of U.S. decisions related to crime and drug policy—including strict anti-gang laws that led to the abrupt deportation of thousands of Central American immigrants who had joined street gangs in Los Angeles and other cities—have resulted in an explosion of gang violence that has forced hundreds of thousands to leave their homes in Guatemala, Honduras and El Salvador. The human drama has turned into an international crisis that has been politicized in the United States—the preferred destination of many Central American migrants and their children—especially given the harsh policies of the Trump administration. Read More > at World Politics Review

Judge: City can ignore California immigrant sanctuary law – A judge has ruled that the city of Huntington Beach can ignore a California law limiting local police collaboration with federal immigration enforcement agents.

The Orange County Register reports that Superior Court Judge James Crandall ruled Thursday that cities that create their own charters have a greater degree of autonomy.

Huntington Beach sued the state earlier this year claiming that its so-called sanctuary law interferes with the city’s authority to enforce local laws and regulations.

The state has argued that California’s constitution makes charter cities subject to the same state laws as other cities on matters of statewide concern. Read More > at KSBY

Fed Spending Spree Included Millions on Cars, Scooters, Fidget Spinners – Federal agencies spent millions on cars, scooters, fidget spinners, and shuffleboards in an attempt to exhaust their budgets before they run out at the end of the fiscal year.

An analysis of federal spending by OpenTheBooks.com and shared with the Washington Free Beacon reveals 67 agencies and departments spend nearly $50 billion closing out their fiscal year 2017 budgets.

The “spending frenzy” totaled nearly $50 billion in seven days.

“Federal agencies spend-out their budgets,” said Adam Andrzejewski, CEO and founder of OpenTheBooks.com. “If they don’t spend it this year, they lose it for next year. It’s a year-end spending spree whereby $1 of every $9 spent during the fiscal year is spent in the final week.”

The spending occurred during the last seven days of the fiscal year ending on Sept. 30, 2017. The analysis was based on OpenTheBooks.com data compiled via Freedom of Information Act request.

Other purchases included $110 million on advertising and public relations. The Department of Homeland Security spent $15 million on advertising, while the Department of Veterans Affairs spent $3.2 million on signs and advertising displays. Read More > at The Washington Free Beacon

Final reading on Q2 GDP confirms 4.2% gain, the fastest rise in nearly four years – The U.S. economy grew as expected in the second quarter, according to a reading Thursday that confirmed that gross domestic product rose at its quickest rate in nearly four years.

GDP, the broadest measure of how the economy is progressing, increased 4.2 percent, the Commerce Department’s Bureau of Economic Analysis reported, the same as expected from economists surveyed by Thomson Reuters. It was the fastest pace since the third quarter of 2014.

This was the final reading for the quarter and now sets the stage for Q3 and what is expected to be a year that will show growth better than 3 percent, which the Trump administration has set as its goal. Read More > at CNBC

Fed hikes rates, raises 2018 growth projections to 3.1 percent – Federal Reserve officials raised their target interest rate for the third time this year on Wednesday, a move undertaken in the hopes of keeping inflation, a common fear in economies with low unemployment, under control.

The Fed also revised economic growth projections for the year upwards, to 3.1 percent from 2.8 percent, above the goal set by the Trump administration.

The central bank raised the target short-term interest rates by a quarter percentage point, bring it to as high as 2.25 percent, a level not seen since before the worst of the financial crisis in early 2008.

…Interest rates were kept unusually low for years as a way to help spur economic growth, but central bankers now worry that if they raise rates too quickly, the debt that companies and consumers accrued in the past few years will become unaffordable for them to repay. But economists worry if interest rates continue to remain low more businesses and individuals will accumulate debt, which could strain the financial system if they’re increasingly unable to pay it back.

Wall Street analysts expect two more rate raises before the end of 2018. Read More > in the Washington Examiner

Bay Area Apple stores blitzed and robbed 9 times in 1 month. Can authorities stop it? – On Sunday, a Santa Rosa Apple store was robbed for the second time in less than one month.

That same day, a group of thieves made off with more than $50,000 in merchandise at a Palo Alto Apple store. The store was also robbed of $57,000 in iPhones, computers and other electronics the day before.

These mob-style robberies have occurred at least nine times at six Bay Area Apple stores over the span of a month, from late August to late September. In that time, thieves have pilfered at least $281,000 worth of iPhones, iPads and other Apple devices. Few arrests have been made.

Though the tactics are similar, police have yet to conclude that the same suspects are responsible for the recent string of thefts.

The operation usually goes something like this: A handful of hooded individuals storm an Apple store. They unplug and gather as much merchandise as they can in a few seconds, then run to a getaway vehicle idling out front as customers and security guards look on. Read More > at SFGate

Syphilis Rates In Babies Are At a 20-Year High, CDC Says – The number of babies born with syphilis in the U.S. more than doubled between 2013 and 2017, according to new federal data.

Rates of congenital syphilis, which a mother passes to her baby during pregnancy or delivery, rose by more than 150% between 2013 and 2017, according to new data from the Centers for Disease Control and Prevention (CDC). A total of 918 babies were born with syphilis in 2017, the report says. That’s up from 362 in 2013 and is the highest number in 20 years. Most of these cases were clustered in Western and Southern states, with 281 in California alone.

A woman with syphilis can be treated with antibiotics during pregnancy, but if the disease goes untreated, it can easily spread from mother to baby. While congenital syphilis can also be treated with antibiotics, it can result in permanent physical and mental health problems for an infant, and in some cases, it can even be fatal. The severity of the disease, as well as its increasing prevalence, underscores the importance of regular syphilis testing for pregnant women, the CDC says — especially given that rates of sexually transmitted diseases are at an all-time high in the U.S. Read More > at TIME

2018 Self-Storage National Report – The economy is exhibiting strong growth in 2018, a boon for self-storage real estate. Consistent job gains are allowing more recent college graduates and other young individuals the financial freedom to move out on their own. Amid rising homeownership costs, many are renting apartments, where limited floorspace creates a heightened need for external storage. Older members of the population are also placing more of their possessions in storage units as they downsize. These factors are lifting the long-term demand for self-storage, facilitating a need for additional space. Read at Marcus & Millichap

New Index Ranks States by Business Tax Climate – Wyoming, Alaska and South Dakota received the best marks in a 50-state index of business-related tax policies that the conservative Tax Foundation released on Wednesday.

The absence of certain types of taxes, such as corporate or individual income tax, or sales tax, is a common trait among the 10 states at the top of the ranking. But the group says some states, such as Indiana and Utah, made it into the top 10 even though they levy those taxes.

New Jersey is the state that ranked worst on the index, just above it are California, New York and Connecticut. The Tax Foundation says the 10 states lowest on the list also tend to share characteristics, such as complicated, “nonneutral” tax systems, and relatively high tax rates.

…In its latest release, The Tax Foundation addresses some of these criticisms and says that its “index does not purport to measure economic opportunity or freedom, or even the broad business climate, but rather the narrower business tax climate.”

The latest Tax Foundation report also warn states against using special tax incentives and subsidies as tools to attract businesses, instead encouraging broad-based tax policy changes to do so. Read More > at Route Fifty

Why The Cottage Food Law Is A Game Changer For Talented Home Cooks – Whether you’re selling homemade tamales as a primary source of income or peddling gingerbread Rice Krispie Treats to your coworkers, you’ve probably been doing it illegally — until now.

This week, California governor Jerry Brown signed the Cottage Food Bill, officially known as AB-626. The new law allows cooks who have prepared food in their home kitchens to legally sell those items. Up to now, that had been outlawed because of health concerns.

That’s a potential game-changer for talented home cooks, people who run small-scale food operations and can’t necessarily afford to rent space in a commercial kitchen, which often costs thousands of dollars.

Here’s what you need to know about the new law.

What should people do to make their home food business legal?
They’ll need to apply for a permit for their “microenterprise home kitchen” with the city and/or county (AB-626 doesn’t specify). After they get the permit, they can start selling right away — after January 1, 2019.

Are there any limits on how home chefs can sell food?
Yes! They can’t sell more than “30 individual meals per day” or “60 individual meals per week” although the bill doesn’t define precisely what that means for people who aren’t selling complete meals. They have to sell their food directly to customers and not through any wholesaler or retailer. They can’t have more than one “full-time equivalent” employee. And they can’t make more than $50,000 in verifiable gross annual sales. So don’t get too successful — or do and scale up to a commercial kitchen and become a mega-successful food entrepreneur. Read More > at laist

Calls mount for regulation of sex robots – A short drive north of Toronto, $60 buys a half hour alone with a life-sized doll that’s “warm and ready to play.” Customers take rented sex robots to a private room in a warehouse, near an emissions testing center, before returning them for cleaning.

The owner of KinkySdollS told the Washington Examiner he will open a second location in Houston this month, with a goal of 10 U.S. locations by 2020. How? Because there’s no regulation.

“The States is a bigger market, and a healthier market, and God bless Trump,” said owner Yuval Gavriel.

Although widespread in Europe, there are no known robot brothels yet in the U.S. Gavriel rejects the label, saying he runs a “showroom” that allows people to rent dolls, test them on the premises, and decide whether to buy one.

…For the Houston location, which also will feature on-site, short-term private rentals, there’s a coalition of four investors, including an attorney, who said there are no regulations there either. “He went through all the laws and all of the regulations and currently there are no regulations for this kind of service,” the owner said.

Experts and activists say it’s time to consider regulations, however, at a minimum to protect consumer safety and public health. Read More > in the Washington Examiner

Millennials Are Causing the U.S. Divorce Rate to Plummet – Americans under the age of 45 have found a novel way to rebel against their elders: They’re staying married.

New data show younger couples are approaching relationships very differently from baby boomers, who married young, divorced, remarried and so on. Generation X and especially millennials are being pickier about who they marry, tying the knot at older ages when education, careers and finances are on track. The result is a U.S. divorce rate that dropped 18 percent from 2008 to 2016, according to an analysis by University of Maryland sociology professor Philip Cohen.

Demographers already knew the divorce rate was falling, even if the average American didn’t. Their question, however, was why? And what do current trends mean for the marital prospects of today’s newlyweds? Read More > at Bloomberg

Economic Freedom of the World: 2018 Annual Report – Hong Kong and Singapore retain the top two positions with a score of 8.97 and 8.84 out of 10, respectively. The rest of this year’s top scores are New Zealand, Switzerland, Ireland, United States, Georgia, Mauritius, United Kingdom, Australia, and Canada.

It is worth noting that the United States returned to the top 10 in 2016 after an absence of several years. The rankings of other large economies in this year’s index are Germany (20th), Japan (41st), Italy (54th), France (57th), Mexico (82nd), Russia (87th), India (96th), China (108th), and Brazil (144th). The 10 lowest-rated countries are: Sudan, Guinea-Bissau, Angola, Central African Republic, Republic of Congo, Syria, Algeria, Argentina, Libya, and lastly Venezuela.

Nations in the top quartile of economic freedom had an average per capita GDP of US$40,376 in 2016, compared to $5,649 for bottom quartile nations. Moreover, the average income of the poorest 10% in the most economically free nations is almost twice the average per capita income in the least free nations. Life expectancy is 79.5 years in the top quartile compared to 64.4 years in the bottom quartile, and political and civil liberties are considerably higher in economically free nations than in unfree nations. Read More > from the CATO Institute

Can California Conservatives Kill the High-Speed Rail Boondoggle? – The same folks trying to scale back California’s massive gas taxes are now taking aim at the state’s budget-busting, behind-schedule high-speed rail project.

Carl DeMaio, a former member of the San Diego City Council (and a former contractor for the Reason Foundation, which publishes this website), announced this week that he’s introducing a brand new ballot initiative that would force the governor to stop all activity on the proposed bullet train (currently under construction in the Fresno area) and spend any remaining money on other transportation projects.

When we last took note of the bullet train, everything was spiraling out of control. Costs had ballooned up to at least $77 billion (three times what citizens were told when they approved a bond for the project a decade ago) and delays have pushed the opening all the way back to 2033. It’s a disaster that Gov. Jerry Brown insists on defending as some sort of legacy.

DeMaio’s new ballot initiative would kill the train, but it doesn’t stop there. His proposal is essentially a follow-up to Proposition 6, up for vote this fall. Proposition 6 would roll back gas taxes and vehicle fees passed last year and would require a public vote to implement any future gas tax or vehicle fee increases.

…DeMaio’s new initiative addresses that problem with a “lockbox” proposal that forbids revenue from gas taxes to be used for any projects other than those involving roads.

But California has lots of taxes, and his plan doesn’t forbid using all of it for other projects. The new initiative would allow car sales taxes to be devoted to all types of transportation projects, including mass transit, bike lanes, and other types of programs. Read More > at Reason

VA Report Shows Young Military Veteran Suicide Rate On The Rise – The Veterans Affairs’ National Suicide Data Report shows a continued increase in suicide rates for veterans ages 18 to 34, according to an early copy obtained by The Wall Street Journal ahead of the report’s Wednesday publication.

The suicide rate for younger veterans “jumped” from 40.4 suicide deaths per 100,000 in 2015 to 45 per 100,000 in 2016, according to the report cited by WSJ. The suicide rate among veterans ages 18 to 34 has been on the rise over the last decade, according to WSJ.

The suicide rate among younger veterans rose despite a slight decrease in the overall veteran suicide rate, which fell from 6,281 suicides in 2015 to 6,079 in 2016, according to the WSJ.

The report also found that the 2016 suicide rate was “1.8 times higher among female Veterans compared with non-Veteran adult women, after adjusting for age.” Read More > in The Daily Caller

80,000 people died of flu last winter in US – An estimated 80,000 Americans died of flu and its complications last winter — the disease’s highest death toll in at least four decades.

The director of the Centers for Disease Control and Prevention, Dr. Robert Redfield, revealed the total in an interview Tuesday night with The Associated Press.

Last fall and winter, the U.S. went through one of the most severe flu seasons in recent memory. It was driven by a kind of flu that tends to put more people in the hospital and cause more deaths, particularly among young children and the elderly.

The season peaked in early February. It was mostly over by the end of March, although some flu continued to circulate.

Making a bad year worse, the flu vaccine didn’t work very well. Experts nevertheless say vaccination is still worth it, because it makes illnesses less severe and save lives. Read More > from the Associated Press

Want a healthier heart? Eat a steak [Opinion] – I’m a cardiologist — and I encourage patients to eat red meat.

This advice defies conventional wisdom. For decades, nutritionists and physicians have urged people to limit consumption of red meat and other fatty foods, which were thought to cause heart disease.

But new studies debunk this conventional wisdom. Indeed, it now looks like low-quality carbohydrates — not saturated fats — are driving America’s heart disease epidemic. It’s time to stop demonizing steak.

The medical community frowns upon the kinds of saturated fats found in meat, dairy and coconut oil. The American Heart Association recommends avoiding red meat — and if people insist on eating it, they should “select the leanest cuts available.” Federal nutritional guidelines suggest that less than 10 percent of one’s daily calories come from saturated fats, while the AHA recommends even less.

These recommendations have never been supported by rigorous research. The idea that saturated fats cause heart disease stems from decades-old observational studies. Researchers asked participants to complete lengthy questionnaires about their eating habits and then tracked their health over time.

Researchers noticed that people who ate lots of saturated fats were more likely to contract heart disease. They concluded that meat and dairy were the root of all our chronic diseases, especially heart disease. Yet subsequent researchers found that in many cases, scientists cherry-picked data to support that conclusion.

More importantly, these kinds of observational claims are weak science. In 2011, a comprehensive analysis of 52 separate claims made in observational studies concluded that none — that’s right, zero — could be confirmed in a clinical trial — a more rigorous type of science.

In recent years, numerous teams of researchers worldwide have reviewed all the data on saturated fats — and concluded that these fats do not have any effect on cardiovascular mortality.

A recent, comprehensive review of two dozen high-quality studies conducted by Purdue University researchers found no link between red meat intake and any negative cardiovascular outcome. In a separate 2014 analysis that examined 72 different observational and clinical trials involving more than 650,000 people, the lead researcher concluded that “[I]t’s not saturated fat that we should worry about.” Read More > in the Houston Chronicle

Consumer confidence hits 138.4 in September, vs. 132 estimate – Consumer confidence rose in September, notching its highest level in about 18 years.

The Conference Board’s index rose to 138.4 this month from 134.7 in August. Economists polled by Reuters expected consumer confidence to dip to 132.

“Consumers’ assessment of current conditions remains extremely favorable, bolstered by a strong economy and robust job growth,” said said Lynn Franco, director of economic indicators at the Conference Board. “These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season.”

Franco added September’s index print is near the all-time high of 144.7 reached in 2000.

The survey measures Americans’ sentiment on current economic conditions and prospects for the next six months, including business and labor market conditions. Read More > at CNBC

Sonic Fast-Food Chain Taken Private in $2.3B Deal – Sonic Corp., the fast-food drive-in chain founded in 1953, is being acquired by Inspire Brands for $2.3 billion including the assumption of debt, the two companies said Tuesday. The all-cash privatization deal is valued at $43.50 per share, a 19% premium on Sonic’s closing share price Monday afternoon.

Headquartered in Atlanta, Inspire is a multi-brand restaurant company whose portfolio includes more than 4,700 Arby’s, Buffalo Wild Wings and Rusty Taco locations worldwide. Following completion of the merger deal, Sonic will be a privately-held subsidiary of Inspire, and will continue to be operated as an independent brand.

“Sonic is a highly-differentiated brand and is an ideal fit for the Inspire family,” said Inspire CEO Paul Brown. “We have tremendous respect for Sonic’s exceptional team of employees and franchise owners, who have built one of the industry’s most distinctive restaurant brands.” Ninety-five percent of Oklahoma City-based Sonic’s 3,600-plus locations are franchises. Read More > at Connect

Crack in Beam Shuts Down San Francisco’s New $2B Terminal – San Francisco officials shut down the city’s celebrated new $2.2 billion transit terminal Tuesday after discovering a crack in a support beam under the center’s public roof garden.

Coined the “Grand Central of the West,” the Salesforce Transit Center opened in August near the heart of downtown after nearly a decade of construction. It was expected to accommodate 100,000 passengers each weekday, and up to 45 million people a year.

The center is operated by the Transbay Joint Powers Authority and its executive director Mark Zabaneh said workers discovered the crack around 10 a.m. while replacing roofing tiles. Zabaneh said engineers spent the day inspecting the damage and decided to shut the station around 5 p.m., just as the afternoon rush hour started.

“The beam is cracked,” Zabaneh said. “The behavior of the beam is unpredictable.”

Zabaneh said the cause and the extent of the damage were unknown and the decision to close the terminal was made out of an “abundance of caution.” Read More > from the Associated Press

BLS: Americans Spent More on Taxes Than on Food, Clothing Combined in 2017 – Americans on average spent more on taxes than on food and clothing combined in 2017, according to the Bureau of Labor Statistic’s new data on consumer expenditures, which was released this month.

“Consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent an average of $9,562 on food and clothing in 2017, according to BLS.

But they spent $16,749 on federal, state and local taxes. Read More > at CNS News

California Gains Nearly 45K Jobs in August, Unemployment Stays at Record Low – California’s unemployment rate remained steady at 4.2% in August, holding at a record low level for the fifth consecutive month in a series dating back to 1976. Data released by the California Employment Development Department (EDD) showed the state’s employers added 44,800 nonfarm payroll jobs.

California has now gained a total of 3,002,300 jobs since the economic expansion began in February 2010. In August 2017, the state’s unemployment rate was 4.6%. The number of unemployed Californians was 803,000 in August, a decrease of 5,000 over the month, and down by 92,000 compared with August of last year.

Educational and health services reported the largest increase with a gain of 18,700 jobs, followed by professional and business services (up 7,700) and government (up 6,100). In a year-over-year comparison (August 2017 to August 2018), nonfarm payroll employment in California increased by 348,900 jobs (a 2.1% increase). Read More > at Connect California

Army misses recruiting goal for first time in over a decade – The Army missed its recruiting goal this year for the first time in well over a decade, which officials blamed on increased competition in a strong private-sector economy and the fact that “nobody wants to talk” to recruiters on the phone or face to face these days.

For the fiscal year ending Sept. 30, Army leaders said they pulled in about 70,000 new recruits. The goal was 76,500.

It’s the first time the Army fell short of its target since 2005, and all of the other branches of the military hit their benchmarks this year. Read More > in The Washington Times

Yale Study: Twice as Many Undocumented Immigrants as Previously Thought in U.S. – A new Yale study has concluded that the population of undocumented immigrants in the U.S. is close to double the generally accepted estimate.

The population of undocumented immigrants is widely thought to be around 11.3 million. But the study, which was conducted by three Yale-affiliated researchers, indicates that the total may be more than 22 million. Even the authors were surprised by their findings.

“Our original idea was just to do a sanity check on the existing number,” said one of the study’s authors, Edward Kaplan, a professor of operations research at the Yale School of Management. “Instead of a number which was smaller, we got a number that was 50 percent higher. That caused us to scratch our heads.” Read More > at National Review

About Kevin

Councilmember - City of Oakley, Manager of Mainframe Operations and Optimization – USS-POSCO INDUSTRIES, Co-Founder and Board Member - Friends of Oakley A Community Foundation, Commissioner - Contra Costa Transportation Authority, Board Member - Tri Delta Transit, Transplan, San Joaquin Joint Powers Authority and RD 2137, Advisory Board – Opportunity Junction
This entry was posted in Sunday Reading. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s