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Archive for October, 2008

By Philippe Legrain 1 COMMENT

This year’s Privacy International survey put Britain bottom of the European league for surveillance and civil intrusion. In his last column for the Sunday Times, Simon Jenkins urges us all to fight to defend freedom against government encroachment: Never was the adage of Louis Brandeis, the US justice, more relevant: free men are naturally alert [...]

Posted 27 Oct 2008 in Blog, Britain, Freedom
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A section of the border fence around the Spanish enclave of Melilla in North Africa has been torn down by a violent storm. Perhaps the elements don’t look favourably on this unnatural barrier.

Posted 27 Oct 2008 in Blog, Immigration, Spain
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Undocumented immigrants in the US can no longer get mortgages – even though their default rates are low. Previously, established migrants could get mortgages with an Individual Taxpayer Identification Number, but now they need a US Social Security number. "If you want to buy a house and you’re here without papers, now you can forget [...]

Posted 23 Oct 2008 in Blog, Immigration, United States
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Banks would normally be wary of lending to someone whose liabilities were 50 times their net assets, but they happily lent to each other on that basis – until, one day, they stopped. If you want a one sentence explanation of the present crisis, that is it. From the FT.

Posted 23 Oct 2008 in Blog, Finance
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ICE Air provides one-way flights home for immigrants that the US is deporting. Story at the WSJ. More photos here. Absurd comment of the day:"For a lot of these immigrants, it has been a long journey to the U.S.," said Michael J. Pitts, chief of flight operations for deportations and removals at ICE. "This is [...]

Posted 21 Oct 2008 in Blog, Immigration, Mexico, United States
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The FT reports. Let’s hope the financial crisis doesn’t spur a wider outbreak of protectionism

Posted 21 Oct 2008 in Blog, Trade
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JCWI Bulletin, Summer/Autumn 2008. The latest Government initiatives on citizenship mean
that prospective British citizens from outside the EU
must clear several hurdles before they can apply

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I’ve written an article for the latest JCWI Bulletin on the government’s proposals that UK citizenship should be earned. Read it here

Posted 21 Oct 2008 in Blog, Britain, Immigration
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It is well known that the money that immigrants send home is the biggest – and best-targeted – source of development aid to poor countries. But immigration can also spur an increase in official government aid – in a bid to improve conditions in poor countries and thus deter their citizens from migrating. El Pais [...]

Posted 21 Oct 2008 in Africa, Aid, Blog, Development, Immigration, Spain
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It is bad enough that governments conspire to keep foreigners out. It is even worse when governments conspire to keep their own citizens from leaving. Violating Article 13 of the Universal Declaration of Human Rights, which states that every one has the right to leave a country, including their own, the Cuban and Mexican governments [...]

Posted 21 Oct 2008 in Blog, Cuba, Immigration, Mexico, United States
By Philippe Legrain 2 COMMENTS

Phil Woolas, Britain’s new immigration minister, is already making his mark. He told The Times that: This Government isn’t going to allow the population to go up to 70 million. There has to be a balance between the number of people coming in and the number of people leaving. It would appear that Woolas has [...]

Posted 21 Oct 2008 in Blog, Britain, Immigration
By Philippe Legrain 1 COMMENT

spiked has launched a new range of cool political T-shirts. They cost £13. Buy the immigration one here

Posted 20 Oct 2008 in Blog, Immigration
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The Guardian, 9 October 2008. The UK government’s measures will stave off economic collapse and get banks moving, but calling them a bail-out is misleading

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The Guardian, 7 October 2008. If the government is bold and recapitalises the banks, Gordon Brown will reap a political dividend. Only ruin awaits indecision

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Allowing Lloyds TSB to take over HBOS was an act of desperation: even though the merged entity would dominate the UK banking market, the government signalled that it would approve the merger in order to stop HBOS going under. But now that the government has stepped in with its bank recapitalisation and funding plan, wouldn’t [...]

Posted 09 Oct 2008 in Blog, Britain, Finance
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Tony Blair once said that the government was best when it was boldest. Gordon Brown is – finally – heeding that advice. The government’s three-pronged plan to shore up Britain’s banking system is bold and right. It is our best hope of pacifying the financial panic, getting credit flowing through the economy again and thus [...]

Posted 08 Oct 2008 in Blog, Britain, Economics, Finance
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What bank investors need from authorities is clarity. A concerted, pan-European drive to inject capital might provide it. As US fund manager John Hussman has suggested, that injection could be achieved via a “super-bond”, countable as capital and subordinate to customer deposits, but ranking ahead of both shareholders and even senior bondholders in the event [...]

Posted 07 Oct 2008 in Blog, Europe, Finance
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The time for half-measures is over. Britain is no longer in the grips of a credit crunch or even a financial crisis, it is suffering a full-on financial heart attack. Markets have seized up. Banks will no longer lend to each other. Credit to companies and individuals is drying up. Unless credit starts flowing again [...]

Posted 06 Oct 2008 in Blog, Britain, Economics
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Gordon Brown’s reshuffle has certainly captured headlines. But what does it mean for the trade and immigration debates? That Peter Mandelson jumped at the chance to leave his job as EU trade commissioner for a non-job as UK business secretary (which has been stripped of the energy and enterprise portfolios) provides further confirmation that the [...]

Posted 06 Oct 2008 in Blog, Britain, Immigration, Trade