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Study: Largest U.S. group of poor kids is now Hispanic

by Administrator on Sep 30, 2011

Los Angeles (CNN) -- For the first time in U.S. history, the largest single group of poor children in any racial or ethnic category is Hispanic, according to a new survey. Calling it "a negative milestone" in Hispanics' explosive growth in the United States, the Pew Hispanic Center study said in 2010, 37.3% of poor children in the U.S. were Hispanic, compared with 30.5% white and 26.6% black. The Pew analysis of new census data put the number of Hispanic children in poverty at 6.1 million in 2010. This negative trend has emerged as the 2010 census confirmed for the first time that Hispanics are the nation's No. 2 group, surpassing African-Americans. Hispanics now make up 16.3% of the total American population -- but in the youth demographic, Hispanic kids comprise an even bigger share -- 23.1% of U.S. children are Latino, the study said. See how Hispanics drove the growth of the white population The study found there are 6.1 million Latino children living in poverty, and more than ... Continue reading →

HSBC to pay $1.9bn in US money laundering settlement

HSBC to pay $1.9bn in US money laundering settlement

by Administrator on Dec 11, 2012

  HSBC has confirmed it is to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in such a case. A US Senate investigation said the UK-based bank had been a conduit for "drug kingpins and rogue nations". Money laundering is the process of disguising the proceeds of crime so that the money cannot be linked to the wrongdoing. HSBC admitted having poor money laundering controls and apologised. "We accept responsibility for our past mistakes," said HSBC group chief executive Stuart Gulliver. "We have said we are profoundly sorry for them, and we do so again." The bank said it had spent $290m on improving its systems to prevent money laundering and clawed back some bonuses paid to senior executives in the past. It also said it expected to reach an agreement with the UK's Financial Services Authority shortly. Last month it announced it had set aside $1.5bn to cover the costs of any settlement or fines. The news followed the announcement of a similar ... Continue reading →

Adoptions can go wrong and what you should do

Adoptions can go wrong and what you should do

by Administrator on Jul 23, 2017

Even though there are many things that you might become concerned about adopting, you will want to make sure that you understand everything that could go wrong.   One of the most commonly things to go wrong is that you didn’t complete all the paperwork that is necessary for you to adopt. You will find that this is going to be consuming and annoying and that you just don’t take the time to do correctly. If you haven’t finished these things correctly, you are going to run into problems when you begin the adoption process. This is why you should take your time to fill out all of the paperwork and information correctly.   Also, the birth mother, at last minute, can try and get their child back. If you haven’t signed the forms, or if you haven’t completed the waiting periods, it is always a realistic fear that the birth mother is going to change her mind and that she will want to keep the baby for herself, or go with another person to adopt her child. ... Continue reading →

Divorce Effect on Kids!

Divorce Effect on Kids!

by Jay Cool on Aug 3, 2017

One of the most touching and traumatic period a child can undergo is to witness the divorce of his parents in front of his eyes. It is a matter that is so deep and debatable that none can completely assure me of its positive sides. Love may diminish due to a number of reasons and its better to move the kids away from a hostile and loveless atmosphere to a healthy environment. Child custody is another factor which gains importance during such times and its a very sensitive issue when parents decide to split up. It is at this time that special care and emotional guidance needs to be given to the children to prevent them from entering into a shell. Kids are good at bottling up their emotions at such times and the parents too are too messed up in their own personal battles to take care of their kids. This leads to behavioral problems later on or depression. While marriages are made in heaven holds true for some couples, but sometimes circumstances take a different turn and the once ... Continue reading →