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(EMAILWIRE.COM, October 02, 2008 ) Sacramento, CA - In 2003, Henry Cisneros, former San Antonio Mayor and co-founder of the New America Alliance spoke about a new Latino leadership culture operating in "a new world, a world of great opportunities, a world of expanding markets and infinite political possibilities with enough for everybody, so that each one of us can advance someone else to those opportunities." His attempt was to get Latinos to participate more actively in the American stock market. But, with the recent problems hoisted on Wall Street, does it make sense for Latinos to participate in this complex system of investments, trades, and losses? More importantly, what impact will Wall StreetÂ’s current woes have on the Latino community?
In the fall of 2007, Goldman Sachs presented a report called “U.S. Hispanization: Long/short strategies,” as an update of a 2004 report focusing on the Latino economic influence. The report said that Latino growth was a significant demographic trend with social, political, economic, and market influences that will last another 25 years. It also illustrated how Latinos spend more on housing, transportation, clothing, services and food, and less on insurance, pensions, entertainment and health care. But, insurance, pensions, entertainment and health care have been the focus of Wall Street investments. Based on that, it is safe to say that Latinos are not truly harmed by the downfall of Wall Street this past week. However, it’s not to say Latinos are not interested in participating in Wall Street.
Two weeks ago the Pew Hispanic Center released a study that finds 50 percent of Latinos in the United States believe they are worst now than a year ago. The feeling of anxiety can be attributed to the continuous bashing of illegal immigrants, the high unemployment rates, and the exaggerated impact the poor economy is having on Latinos. In fact, the study almost implies that America has placed a sign on its front door that reads “Latinos Are Not Welcome.” So why would Latinos want to invest in a system that doesn’t want them?
Sorry Wall Street, but when Latinos get full acknowledgement for the great contributions they have made to this country, and when a climate is created to make Latinos, legal or illegal, feel like part of the American economic fabric, the stock market growth or fall will only be decimal numbers with little or no meaning.
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Contact Information
Adrian Perez, Publisher
Latino Journal
www.latinojournal.net
(916) 396-4053
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service, go to http://www.emailwire.com
CalMagazine.com
Adrian Perez
(916) 396-4053
adrian@calmagazine.com 
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