Weekend Balita August 29, 2015

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LOS ANGELES

Megan Young to unveil fresh, ‘Filipinized’ Marimar See MEGAN YOUNG page 22

VOL. XXIII, NO. 30

AUG. 29 - SEPT. 4, 2015

THE LEADING SOURCE OF NEWS AND INFORMATION FOR FILIPINO-AMERICANS

Asians slam Jeb Bush on 14th Amendment GOP presidential candidate says Asians abusing US birthright citizenship Asian leaders burned social media, TV networks and sent out press releases condemning Republican presidential contender and former Florida Governor Jeb Bush who accused Asians of abusing the 14th Amendment of the US Constitution. US lawmakers including Representatives Judy Chu and Mike Honda slammed Bush for his “derogatory” remarks on Asians in the US relating to the term “anchor babies” where pregnant women from Asia would come to the US just to give birth so their children would become automatic US citizens. In an interview on Monday, Jeb Bush defended his use of the term “anchor babies” by saying “frankly, it is more related to Asian people.” Rep. Chu (CA-27), the first Chinese-American woman elected to See ASIANS SLAM, page 12

No matter which ethnic group you’re referring to, “anchor babies” is a slur that stigmatizes children from birth, says Rep. Judy Chu, who slammed presidential hopeful Jeb Bush (photo above) on the issue of birthright citizenship.

Pinoys in US are outstanding immigrants (Conclusion) Filipino-Americans by the numbers By Abner Galino

Pinoys seem to be everywhere in the US. There is nary a state where you can’t bump into a compatriot while out and walking around on some tourist destinations. Yes, we are here and there but Filipinos are actually settled mostly in three states: California, New York and Hawaii. More than half of Filipino immigrants in California are settled in the metropolitan areas of Los Angeles-Long BeachAnaheim and San Francisco-Oakland-

Hayward, with populations of 289,000 and 158,000, respectively. San Diego-Carlsbad is home to 94,000 Pinoys. Outside of California, Pinoys are mostly settled in the metropolitan area of New York, accounting for 153,000 of its immigrant population. But these places, although teeming with compatriots, would not be able to replicate the feeling of being back in Makati or Manila like Honolulu could. In terms of concentration, Pinoys in Honolulu are unbeatable. Their number, 78,000 (although smaller compared to metropolitan areas

mentioned above) represents 8.6 percent of the total population of metropolitan Honolulu. The numbers may look big but Los Angeles-Long Beach-Anaheim Pinoy population only represents 2.2 percent of the total Metro area population. We account for 3.6 percent of the Metro area population in San Francisco-Oakland-Hayward, 0.8 percent in New York-Newark-Jersey City Metro area (NY-NJ-PA), and 3.0 percent in San Diego-Carlsbad (CA). Other Metro areas with big concentraSee IMMIGRANTS, page 12

‘1000s’ of politicians hold Swiss accounts, FM official reveals Bern, Switzerland | AFP | Monday 8/24/2015 – Thousands of so-called “politically exposed persons”, or PEPs – a category that includes heads of state and other top officials – hold Swiss bank accounts, a Swiss foreign ministry official said Monday. Swiss authorities estimate that “there are thousands of PEPs (with accounts) in Switzerland, not hundreds,” Valentin Zellweger, who heads the ministry’s Directorate of International Law, told reporters. Switzerland has repeatedly been embarrassed by revelations, splashed across front pages worldwide, of global political heavyweights hiding funds – sometimes embezzled from public coffers – in the Alpine nation’s famous banks. But the country has not taken such scandals sitting down: it has been freezing suspicious assets for a quarter century. By the end of this year, Bern aims to finalise a law aimed at simplifying the process of freezing and unblocking such funds. In total, Switzerland has since 2003 returned a total of around $1.8 billion See SWISS ACCOUNTS, page 12

Despite being accused and “detained” for corruption charges, Senate Minority Leader Juan Ponce Enrile has been released and returned to work at the Senate, where he questions Sen. Sonny Angara during a session on tax issues. Enrile returned to work Monday, after posting P1.45-million bail for plunder and graft charges filed against him. (MNS photo)

PHL stocks plunge 6.7% amid global equities route Manila, Philippines | AFP | Monday 8/24/2015 – The Philippine stock market plunged 6.70 percent on Monday, wiping out this year’s record gains as worries over the impact of China’s slowing economy sparked a fresh rout in Asian stocks. The country’s benchmark index closed down 487.97 points to 6,791.01, the largest one-day drop since June 2013 and some 16 percent off the record highs touched in April. Shares in Asia declined dramatically on Monday, led by a more than eight percent

fall in Shanghai, after concerns about the Chinese economy sparked a sell-off in global financial markets. Analysts blamed the downturn in global equities for Manila’s woes, arguing that the Philippines’ economy is still strong. “Eighty to 90 percent of this sell-off is due to what is happening in China and the US. If you examine our fundamentals, we are still intact,” Louis Limlingan, head of sales at Regina Capital Development told AFP. See EQUITIES, page 12


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