Ways to Turn Retirement Savings into Income for Life As the baby boomer generation reaches retirement age, many
are concerned their savings will not last for the rest of their life.
Edition 50 February 2017
www.nybusinesslatino.com
Trump The First 100 Days
he truth is that when it comes to challenging orthodoxies, the insurgents on both sides are way more retro than they are radical. And that may be why, no matter what transpires in Iowa, they’re destined to come up short. PageS 7
Second Avenue Subway, Clean and Fast, Wins Praise as Commuters Return
Many New Yorkers returned to work on Tuesday morning on the shiny new Second Avenue subway, a long-delayed project that took Page.7
The benefits of tax reform for the average family
The tax benefits for American businesses are also expected to be substantial. Trump said the new administration will slash the corporate tax rate to 15%-20%, down from the current level of 35%. Page. 2
Trump urges keep jobs in the United States White House and urged them to keep jobs and production in the United States. Pages. 04
ECONOMY
P 2 nY. Business Latino • Edition 50 |February 2017
► Trump’s tax plan involves collapsing the current seven-tier bracket system into just three brackets; those who make less than $75,000 would pay 12%, Americans with earnings between $75,000-$225,000 would pay 25% and workers with incomes of more than $225,000 would pay 33%. Under these reforms, taxpayers making between $48,652 and $88,148 annually would save between $1,174 and $7,052, according to the Tax Foundation.
According to TIAA’s Lifetime Income Survey, having guaranteed monthly income is becoming more and more important. Diane Garnick, chief income strategist at TIAA, offered these tips on how to turn your retirement savings into income for life. Boomer: When will I know if I am financially ready to retire?
The top rate proposed by the new administration (33%) is significantly lower than the maximum rate under President Obama, 43.8%, according to Grover Norquist, Americans for Tax Reform president.
However, the Republicans’ blueprint for reform offers advantages to Americans beyond the mere reduction in taxes, according to Chris Edwards, director of tax policy at the Cato Institute. “The benefits of tax reform for the average family won’t be just the tax reduction, but also the higher wages and incomes stemming from greater business investment and hiring. The Tax Foundation found that the Trump plan would raise U.S.
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According to the Society of Actuaries, a 65-yearold man today has a 41% chance of living to age 85, while a 65-year-old woman has a 53% chance of living to age 85. If the man and woman are married, there's a 72% chance that one of them will live to age 85 and a 45% chance that one will live to age 90. With that being the case, it’s no surprise that many worry they will outlive their retirement nest egg.
President Trump on Monday reiterated his promise to slash the tax rate for individuals, and for American businesses: “We are going to be cutting taxes massively for both the middle class and for companies,” he said from his chair in the Roosevelt Room at the White House.
“[The Republican plan] will offer a standard deduction of $12,000,” Norquist told FOX Business. This means, on average, an additional $12K worth of your income will be exempt from taxes as a result of the government’s policy.
FRONT PAGE
The benefits of tax reform for the average family
Trump Doubles Down on Promise to Give Americans a Tax Break
wages by about 6%. So for workers earning $50,000 a year, that would be a substantial $3,000 annual wage boost,” he told FOX Business. The tax benefits for American businesses are also expected to be substantial. Trump said the new administration will slash the corporate tax rate to 15%-20%,
down from the current level of 35%.
gathered outside the White House.
After attending a meeting with Trump Monday morning, Dow Chemical CEO Andrew Liveris expressed his confidence in Trump’s forthcoming economic policy bids, saying “he’s going to make us all more competitive,” to a group of reporters
Overall, Norquist believes President Trump and the U.S. House are moving in tandem on tax reform, which is a promising sign for swift approval of the legislation, and for the economy in general.
Garnick: There are three simple steps for knowing when you are ready to retire. First, figure out how much money you need each month to cover your basic expenses (food, shelter, clothing & healthcare). Second, speak with a financial advisor to see how much savings it will take to provide guaranteed lifetime income to at least cover those necessities. Finally, make sure you have sufficient savings for the fun and necessary additional spending you will want to have throughout retirement. These crucial steps to achieving retirement readiness ensure that you will have a guaranteed monthly income in addition to what you’ve set aside for retirement. That way, even after you retire, you will still have a steady stream of income on top of the financial cushion you’ve built up over the years. As it turns out, while most Americans know this to be a good strategy, many have yet to act on it. TIAA’s new Lifetime Income Survey found that 68 percent of respondents would choose a regular retirement paycheck that will last as long as they live over things like an unlimited lifetime airline ticket (9 percent) or a new car every year (9 percent); however, only one out of 10 survey respondents claim that they have purchased an annuity. Boomer: What are some last minute strategies I can use to boost my retirement income?
Ways to Turn Retirement Savings into Income for Life
As the baby boomer generation reaches retirement age, many are concerned their savings will not last for the rest of their life. Garnick: Before retiring, individuals should make sure they estimate their expenses in retirement and map out how much monthly income they will need in retirement. TIAA’s survey found that just 35 percent of people know how much monthly income they’ll have in retirement, while only 46 percent know how much they have saved for retirement altogether. Once you’ve familiarized yourself with how much you’ve saved, consider the benefits lifetime income could offer. An annuity can be a good, late-in-the-game option for those looking for that extra boost in monthly income. It is also important to note that retirement strategies typically vary from generation to generation. For example, TIAA’s survey found that less than half of baby boomers plan to withdraw from their retirement accounts as a source of monthly income compared to 60 percent of Gen X and 62 percent of Gen Y who plan on doing so. Regardless of strategy, it’s crucial that individuals outline their plan as early as possible rather than rely on last-minute decisions to reach their retirement goals. Boomer: With not knowing how long you will live in retirement, what assurance can we have that our retirement income will not run out? Garnick: While many baby boomers (84
percent) plan to rely on Social Security for monthly income when they retire, that option is a little less certain for later generations like Gen X and Gen Y. Thankfully, annuities are designed to ensure retirees don’t run out of income during retirement by offering a guaranteed source of monthly income that they can rely on for as long as they live. As the average life expectancy continues to increase, individuals are rightly concerned about outliving retirement savings. A reliable paycheck in retirement is a great way to safeguard against depleting retirement savings entirely. And while the future of Social Security is yet to be seen, individuals across generations understand the importance of lifetime income, with 55 percent of Gen Y survey respondents claiming they are open to contributing part of their savings to an option that will guarantee monthly income throughout retirement. Individuals across all generations understand the importance of lifetime income, but it’s imperative they take action to secure it for themselves. Boomer: Is there a safe way to project how much I will earn on my investments? Garnick: The safe way to approach your investment projections is to always assume a low-end return. That way, you put yourself in a
stable position should any of your investments fall short. On the other hand, lifetime income options like annuities provide retirees with stability and consistency as they know exactly how much monthly income to expect. Annuities are one of the few investment options that offer a guaranteed return to individuals. Boomer: What financial planning should we put in place in the case that something unexpected should happen? Garnick: For starters, it’s important to carefully analyze exactly how much income you rely on leading up to your retirement and how you anticipate your spending habits to change once you do retire – this will lay the foundation for your expectations throughout your retirement. Most financial experts recommend that individuals should replace 70 to 100 percent of their pre-retirement income. When it comes to handling the unexpected once you are retired, lifetime income options like annuities can serve as a safety net in the event something unexpected happens. This way, if retirees need to dip into their lump-sum savings for an emergency, their budget won’t be thrown off too significantly since they still have that monthly income to rely on.
NATIONAL NEWS
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Trump urges GM, Ford and Chrysler
to keep jobs in the United States President Donald Trump met with the top three U.S. automakers at the White House and urged them to keep jobs and production in the United States.
President Donald Trump is hitting the gas on his bid to have more vehicles built in the U.S. Ahead of Tuesday's meeting with the CEOs of General Motors (GM), Ford (F) and Fiat Chrysler (FCA-IT), Trump tweeted that he wants "new plants to be built here for cars sold here!" He reiterated that determination during the morning's meeting, promising to make it more economical for automakers to build vehicles in the U.S. As the president puts pressure on automakers to bring jobs back to the U.S., here are two numbers that are likely gnaw-
ing at him. Last year, Americans bought 17.55 million new vehicles — and 43 percent of them were imported. That's more than 7.5 million cars, trucks, SUVs and minivans coming in from around the world. The two biggest countries shipping vehicles to the U.S. were Mexico, at 11 percent, and Canada, at 10 percent. Detroit's Big Three automakers alone brought in 2.25 million vehicles that were eventually sold to Americans. Trump has repeatedly said that automakers can — and should — be building those vehicles in the U.S. On Tuesday, he told GM's Mary Barra , Ford's Mark
Fields and Fiat Chrysler's Sergio Marchionne that he would make operating in the U.S. more attractive for them, by cutting regulations and taxes. "We just had a great conversation with the president, and he is very focused on the policies that will grow investment, jobs, here in America and American industry and of course in the automotive industry," Fields said after the meeting. Still, don't expect auto CEOs to immediately announce multibillion-dollar investments to bring production back from Mexico. That's because the cost of building a vehicle there is far cheaper.
Take the Ford Fusion, a midsize sedan the automaker builds in Mexico. The Center for Automotive Research estimates Ford can manufacture that car for approximately $1,200 less in Mexico than in the U.S. Of course, the economics could change if Trump moves forward with plans to tax imports by 35 percent. When the U.S. auto industry almost collapsed in 2009, the Big Three automakers cut hundreds of thousands of jobs and closed several assembly plants. By June 2009, U.S. auto manufacturing jobs bottomed out at 623,500, according the U.S. Department of Labor.
Since then, as demand has rebounded, automakers and suppliers have hired more than 300,000 workers. That's welcome news in states like Michigan, Ohio and Indiana, where the auto industry supplies hundreds of thousands of jobs. Still, the number of people working in the industry is well below the 1.1 million it employed in January 2006. Trump has said more plants will lead to more blue-collar jobs. "We have a very big push on to have auto plants and other plants — many other plants," Trump told reporters Tuesday. "It's happening."
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EVENT
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NFL to Host 'Plays for Life' Women’s Summit: Event for Teen Girls During
Super Bowl Week
Event Will Bring Together Today's Leaders and Young Women for an Interactive Experience on Personal Development and Achievement Building on the success of the inaugural NFL Women's Summit at Super Bowl 50 which explored the role of sports participation in developing leadership, teamwork, and other skills that promote success—the NFL evolves this year's Summit into a dynamic and interactive experience to
convene young women for a discussion about how to achieve goals, prepare for life’s challenges, and best utilize the tools that are critical for personal and professional development. The NFL Women's Summit: Plays for Life at SBLI will: Create a sense of possibility
and opportunity for teen girls by exposing them to a variety of inspiring speakers, new career ideas, and tools for success. Foster important discussions surrounding career paths, the importance of mentorship, finding your voice, and overcoming challenges. Bring together thought lead-
ers from various industries to engage in activities and strategy sessions spanning the two-day Summit. Just as there are plays in sports, there are plays in everyday life. But these aren’t just singular plays, these plays will be with them for their entire lives. Teens and adults alike need to prepare for life's challenges and
the NFL Women's Summit experience will provide meaningful content to help attendees develop their own unique playbooks. We will learn from each other. We will share our stories. We will succeed. We will learn from our failures. These are our Plays for Life.
Organizations
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This published to inform the public of matters of general interest and give reports of current events, news and comments about editorial published in NY Business Latino is believe to be truthful and accurate. However, the publisher assumes no responsibility whatsoever for typographical errors or omission in the newspaper
LOCAL NEWS
nY. Business Latino • Edition 50 |February 2017 P 7
“Now the challenge will be fixing the rest of the system to benefit everyone else who is trying to get to work.” Many New Yorkers returned to work on Tuesday morning on the shiny new Second Avenue subway, a long-delayed project that took nearly a century to bring to reality. The Metropolitan Transportation Authority, which runs the city’s subway system, opened the first segment of the line to the public on New Year’s Day with three new stations at East 96th Street, East 86th Street and East 72nd Street. But it was on Tuesday that the new subway line faced its first big test as commuters piled on. For some, it was a faster way to work or a more convenient way tor travel. For others, it was simply an experience not to be missed. The Second Avenue subway held the tantalizing promise of a more pleasant commute for subway riders. There were many reasons: Fewer blocks to walk. Precious minutes shaved off daily treks. Not having to wedge onto the perpetually packed trains and platforms of the nearby Lexington Avenue subway, the most crowded subway line in the United States. And no rats — yet. The new line also includes a new entrance to the subway station at East 63rd Street and Lexington, where it will connect directly to the existing Q train route running south to Coney Island. On Tuesday morning, the Q roared through the new stations with no delays or major problems, according to M.T.A. officials. Continue reading the main story John Raskin, the executive director of Riders Alliance, a transportation advocacy group, said the Second Avenue subway would bring needed relief to the Upper East Side. “I think people will start to notice the difference right away,” he said. “Now the challenge will be fixing the rest of the system to benefit everyone else who is trying to get to work.” John Raskin, the executive director
Second Avenue Subway,
Clean and Fast, Wins Praise
as Commuters Return The Second Avenue subway held the tantalizing promise of a more pleasant commute for subway riders. improved service. “It’s a very different experience to riding the Lexington line,” she said.
a gate at the entrance, only to be turned back into the morning chill by subway workers.
The Second Avenue subway attracted 48,200 riders on Sunday, M.T.A. officials said. Numbers for Monday and Tuesday were still being collected. Ridership is expected to eventually rise as high as 200,000 daily as more commuters return to work from the holiday break and become familiar with the line, they said.
The benefits of the new subway line already appeared to have caused a spillover effect. On Tuesday morning, some Lexington Avenue trains and platforms appeared less crowded, in part because foot traffic seemed lighter after the holiday but also because there was now another option. At the 86th Street Station, a platform controller for the M.T.A. who did not give her name said that normally by 7:45 a.m., two or three rows of people would be waiting to board the 6 train. Today, there was only a single row.
Of course, some riders still found something to gripe about. A few said that trains took longer to arrive than they expected or wanted. At the East 86th Street station, several commuters waited impatiently for a southbound train that, according to an electronic information kiosk, was “arriving now.” In fact, it took a few more minutes.
Veronique Hakim, the president of New York City Transit, which is part of the M.T.A., said that she had been “hopscotching” along the new line on Tuesday. Riders, she said, seemed to appreciate the larger platforms and
Some riders could not wait to try out the Second Avenue subway. At the East 96th Street station, where a sign announced that service would start at 6 a.m., a group huddled outside 15 minutes early. Several tried to slip in past
of Riders Alliance, a transportation advocacy group, said the Second Avenue subway would bring needed relief to the Upper East Side. “I think people will start to notice the difference right away,” he said. “Now the challenge will be fixing the rest of the system to benefit everyone else who is trying to get to work.”
Still, United States Representative Carolyn B. Maloney, a Democrat and a leading advocate for the Second Avenue subway for more than two decades, said she had heard “overwhelmingly positive” feedback. “Many have been waiting for it their whole lives,” she said.
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Trump health nominee says he does
not back Medicare privatization
President Donald Trump's nominee to run the U.S. Department of Health and Human Services told a congressional panel on Tuesday that he does not support the privatization of Medicare and defended his ethics record. Speaking before the Senate Committee on Finance, one of two committees that oversee the health department, Representative Tom Price said his position was consistent with that of Trump, who has stated he does not want to cut the federal health program for the elderly.
Republicans propose giving U.S. states option to keep Obamacare
Price, a Georgia orthopedic surgeon, previously supported privatization of Medicare. But he told lawmakers his role as health secretary would be very different from his role as a congressman and that his job would be to execute the wishes of Congress. "I would just convey to the Medicare population of this nation, they don’t have reason to be concerned," he said. "We look forward to assisting them in getting the care and coverage that they need." Senator Ron Wyden, the top Democrat on the committee, questioned Price about his stock trading while a lawmaker, including in health industry stocks that could be affected directly by legislation. "It is hard to see this as anything but a conflict of interest and an abuse of position," Wyden said.
It is nearly impossible to keep the benefits of the Affordable Care Act," Schumer said, using the official name for Obamacare, "without keeping the whole thing."
Price defended the stock holdings, saying "everything that I did was ethical, above board, legal and transparent." Separately, Republican lawmakers began dismantling former President Barack Obama's 2010 Affordable Care Act, also known as Obamacare. Two House of Representatives committees held hearings on Tuesday. Others will follow with the goal of putting in place "thoughtful, step-by-step reforms that offer Americans more choices, greater access, and higher-quality care at lower costs," the chairman of the Ways and Means committee, Kevin Brady, said in remarks to the U.S. Chamber of Commerce.
Price sidestepped questions about the impact of an executive order Trump signed on his first day in office targeting Obamacare but said he is committed to carrying out "the law of the land." Democrats also grilled Price on his plans for the Medicaid health program covering poor Americans. A senior Trump adviser, Kellyanne Conway, said in an interview on NBC's "Sunday Today" show that Trump's plan to replace Obamacare will include fixed payments from the government to the states to care for Medicaid patients. These payments, known as block grants, contrast with the current system in which states share the actual cost of Medicaid
enrollees with the federal government. Conway said converting to a block grant system would ensure that people in charge of administering the program are "those who are closest to the people" who need care. Price has long advocated block grants for Medicaid but declined on Tuesday to overtly re-state his position, saying only that he would work to make sure "people have better healthcare, not less healthcare." Tuesday's hearing followed a similar hearing last week by the Senate Committee on Health, Education, Labor and Pensions, which also oversees the health department. Only the finance committee members will vote on the nomination.
Two Republican senators said on Monday that U.S. states should be allowed to stay in the Obamacare healthcare insurance program if they like, with one adding she felt confused by President Donald Trump's broad but unspecific executive order targeting the program.
co But the legislative proposal by Senators Susan Collins of Maine and Bill Cassidy of Louisiana would let states choose to keep Obamacare or move to a replacement program, for which states would also receive some federal funding.
Trump and congressional Republicans campaigned on a promise to dismantle Obamacare, and they are working on carrying out that pledge as an early product of united Republican control of the White House and Congress.
Cassidy, himself a doctor, said such an approach could help attract Democratic votes that will be needed for the eventual replacement for Obamacare, former Democratic President Barack Obama's health insurance program approved in 2010. It did not, however, win over
the Senate's leading Democrat, Chuck Schumer, who denounced the idea as an "empty facade." Collins, a moderate Republican, called Trump's executive order issued Friday against Obamacare "very confusing," adding that whatever actions the Trump administration takes, legislation will still be needed to replace the health insurance law. "We really don't know yet what the impact (of the order) will be," Collins told a news conference, adding that it will be difficult to assess the impact until there is a new
Cabinet secretary in place in charge of health. Trump signed his executive order on Friday within hours of taking office. It directs U.S. agencies to "waive, defer, grant exemptions from, or delay the implementation" of provisions of Obamacare deemed to impose fiscal burdens on states, companies or individuals. But the order did not specify which parts of Obamacare would be affected or the timing. Trump's nominee to head
the U.S. Department of Health and Human Services, Georgia Representative Tom Price, has said there is no plan for "pulling the rug out" on millions of Americans' healthcare as a replacement is designed. Any changes are unlikely to affect the government-funded or subsidized insurance plans covering more than 20 million people in 2017. Schumer said in a statement that the Collins-Cassidy approach would be a "far cry" from a full replacement of Obamacare.
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2017 Latino Inaugural:
A Celebration of the 58th Presidential Inaugural By Rosemary Carrillo
The National Hispanic Advisory Council for Trump and Hispanic 100 Policy Committee in partnership with the Congressional Hispanic Leadership Fund (CHLI) announced the leadership team for the 2017 Latino Inaugural: the Celebration of the 58th Presidential Inaugural. Our black-tie inaugural celebration took place at the elegant Mandarin Oriental Hotel on Thursday, January 19th. The event attracted elected officials and personality from across the country, including the Honorable Raul Labrador and the First Lady of Texas Cecilia Abbott who served as Honorary Host Co-Chairs of the Gala, and the Gala was chaired by Eddie Aldrete, Rudy Beserra, Jovita Carranza, Bryan Lanza, Steve Cortes, Rick Figueroa, Jose Fuentes, Joxel Garcia, Jerry & Kenya Pierce, Javier Polit, Mario Rodriguez, Mercedes Schlapp, Jennifer Sevilla Korn, Luis Quinonez and Massey Villarreal.
Randy and Liz Berman from Inca Kola USA with Prime Minister of Vietnam
Rudy Beserra & Javier Polit from Coca-Cola Company, USHCC CEO and President, Javier Palomarez
Massey Villarreal, CEO and President of Precision Task Group
Rosemary D. Carrillo, CEO NY Business Latino, and Elizath Berman, CEO at Inca Kola USA
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Latino Leader Network Inaugural Unity Dinner Tribute to Mayors Inaugural Unity Dinner to honor Mayor Jorge Elorza of Providence with the Antonio Villaraigosa Leadership Award, U.S. Senator Catherine Cortez Masto with the Chairman's Award and listen to Mr. Lionel Sosa deliver the keynote address
EVENT
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Cámara de Comercio de Mujeres de Queens es una organización comprometida con mujeres empresaria
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New York's Quixotic Systems Designs High-Power 'Solar Wall' For Urban Health Plan In The Bronx
In his last budget plan, the president has a proposal that would make it easier for small business owners to create worker retirement plans. BRONX, New York, JPRNewswire/ -New York City solar installation leader Quixotic Systems has designed an innovative solar solution in the heart of the Bronx at Urban Health Plan's Simpson Pavilion. The "solar wall" will reduce the health provider's energy costs – saving money for critical community healthcare services. Urban Health Plan (UHP) is a network of community health centers based in the South Bronx and Queens. In 2014, UHP built the Simpson Pavilion, a state-of-the-art LEED-certified facility, to increase its services to patients in the South Bronx.
The solar photovoltaic (PV) system designed and installed by the team at Quixotic foregoes limited roof space common in dense urban areas in favor of the Bronx building's south-facing four-story façade.
"This distinctive solar system not only helps our environment; it saves money that we can put back into services for our community," said Paloma Izquierdo-Hernandez, president and CEO of Urban Health Plan.
While the solar wall makes an attractive addition to the building, the 37kW system's most distinct feature is that it is expected to perform best in the the winter -- unlike most PV installations, which typically generate more power during the summer. The highefficiency array featuring SunPower® panels mounted on a custom vertical rack is expected to save UHP more than $230,000 over the system's life.
"The UHP installation represents the kind of creative solar solutions that can be designed for even the most urban environments," said Gerry Heimbuch, vice president of Quixotic Systems Inc. "We are proud to be at the forefront of helping fight climate change and moving New York to a clean energy future."
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About Urban Health Plan Inc. Urban Health Plan Inc. is a network of federally qualified community health
centers based in the South Bronx and Queens that has served the community since 1974. Its facilities include nine clinical sites, ten school health programs, three part-time facilities and three administrative program sites. For more information: www.urbanhealthplan.org.
Diversity is the engine for success. Por: AMPARO GORDILLO
Durante los meses de enero y febrero en conjunto con la ciudad se esta capacitando verdaderas lideres empresariales otorgando seminarios para obtener capacitación crediticia a fin de establecer nuevos negocios o mejorar los ya existentes.
Las presentadoras oficiales del evento fueron: Isolda Peguero Del RINCON DE ISOLDA Rosemary Carrillo
CEO NY BUSINESS LATINO
Amparo Gordillo VP. Comercial NY
BUSINESS LATINO.
La Presidenta de la Cámara de Comercio Angela Pérez, mujer con amplias dotes de liderazgo es un ejemplo de superación, poseedora de una gran imaginación y sobre todo con gran amor a la labor comunitaria, se ha dedicado por entero a mejorar las condiciones de las mujeres de Queens, ella cree firmemente que la mujer debe elegir su profesión basada en su vocación. Si usted esta buscando mejorar sus ingresos a travez de capacitación, liderazgo y superación le invitamos a pertenecer a la Cámara de Comercio de mujeres de Queens. Para mayor información Contactenos al telefono 347 358 1494 y amplie sus horizontes porque nosotros le ayudamos a conseguir sus metas.
Welcome to Texas, New Home of Toyota.
http://www.toyota.com/espanol/usa
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Este año tambien se implemento un sistema de servicio legal, asi como de alianzas estrategicas con organizaciones de distinta indole.
la Honorable Julissa Ferreras en calidad de MUJER DEL AÑO Liz Gonzalez de Telemundo PRESENTADORA DEL AÑO Cenia Paredes DISEÑADORA LATINA DEL AÑO Elizabeht Berman EMPRESARIA EMPRENDEDORA DEL AÑO Dr. Chetachi Ecton CORAZON HUMANITARIO DEL AÑO Dra. Leticia Contreras LABOR MIGRATORIO DEL AÑO Dulce Mora PRESENTADORA TVLAZ Maria Guillen LABOR FINANCIERO Jeannie Doherty - Benckwit DIRECTORA DE NEGOCIOS DEL AÑO.
In all aspects of our business in building, selling and financing world-class automobiles, it’s your partnership and commitment to diversity that propels us into the future.
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La Cámara de Comercio de Mujeres de Queens es una organización comprometida con mujeres empresarias, lideres y soñadoras que desean generar sinergias y redes, para su crecimiento y empoderamiento con ética, con responsabilidad, transparencia y con criterios ambientales, en beneficio de la comunidad. ha brindado talleres y seminarios para mas de mil mujeres; talleres de capacitación en liderazgo, formación para aprender a comunicarse. Formación en mercadeo, finanzas, plan de negocios, formación digital.
Brinda servicios comunitarios, organiza eventos y networking periodicamente a fin de relacionar a todos sus miembros para que puedan disfrutar y compartir sus conocimientos entre ellas.
En la gala anual se rindio homenaje a mujeres como:
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En dias pasados la Cámara de Comercio de Mujeres de Queens, entidad sin fines de lucro dedicada a empoderar a la mujer hispana, realizó su gala anual en los elegantes salones de Da Mikelle Igliallo.
Tambien ayuda a conseguir licencias del estado para trabajar en distintas áreas.
COMMUNITY
P14 nY. Business Latino • Edition 50 |February 2017
CENIA PAREDES | diseñadora latina de MACY’S
Me abrí espacio trabajando para varios diseñadores y en cuanto se abrió la opción de participar en un taller que usan para atraer creciente clientela de minorías que compra en Macy Por: Amparo Gordillo ► Nació en República Dominicana, tímida, callada, un poco introvertida, muy segura de lo que quiere, mujer con metas y objetivos en la vida, le encanta sorprender, en medio de una gran sencillez es una auténtica maestra en el arte de anticipar el efecto que producirá en otros seres, pues prefiere ser sutil y no atacar. ► Ella es muy hábil para planificar sus acciones hasta el último detalle, profunda, compleja y admirada por los círculos que le rodean, jamás pasa inadvertida, mantiene un interés objetivo por la gente, sus capacidades psicológicas le llevan a ser una gran diseñadora, aun en un mundo desconocido y en cualquier ambiente. ► Su gran perseverancia la llevo a triunfar en la capital del mundo, en lo
que siempre quizo hacer, desde muy niña ya jugaba a hacer pasarelas de moda en un tubo gigantesco que cruzaba por la parcela de arroz que había en su casa. Drapeaba la ropa de su madre en los cuerpos de sus amigas de barrio a las que les instruía cual si fueran modelos en un escenario mundial. ► Confiesa Cenia: empecé a imaginarme trajes para las clientes de mi madre a muy temprana edad, para ser puntuales a los 8 o 9 años, comienzo con una colección de dibujos para que mi madre muestre a sus clientes. Yo volvía a nacer y me llenaba de sentimientos increíbles cada vez que las clientes escogían un diseño para su confección, yo veía mis sueños convertidos en realidad, ya desde esa época yo decidí que esa sería mi carrera, que yo era una famosa diseña-
dora de moda. ► No fue fácil, dice Cenia, cuando llegue a New York, me case y tuve dos hijos, trabajaba y estudiaba diseño, a mi esposo no le agradaba que yo estudie por lo cual abandone mi carrera por un lapso de tiempo, sin embargo en poco tiempo me divorcie y lo primero que hice fue retomar mi carrera, estudie diseño de moda en Fashion Institute of tecnology en New York. ► Me abrí espacio trabajando para varios diseñadores y en cuanto se abrió la opción de participar en un taller que usan para atraer la creciente clientela de minorías que compra en Macy’s aplique, y de 900 compañías que participaron fui una de las 22 designadas para asistir al taller intensivo de una semana cuya meta principal
era el enseñar al proveedor como poder suplir a una cadena tan grande e importante como Macy’s. El ultimo día me brindaron la oportunidad de presentar mi producto y concepto a “the work shop at Macy’s y fue cuando mi sueño se convirtió en pura realidad, pues fui una de las cuatro que recibió la orden de producción para proveer a tan grande e importante cadena. ► Cuando tu trabajo es tu pasión y amas lo que haces automáticamente se convierte en bendición, cree en ti misma. Escucha tu voz interior porque es Dios. Nunca te rindas, no importa las circunstancias ni cuantas veces te digan que no. Porque mientras lo creas todo es posible. Y para terminar debo añadir que toda mujer es bella, si ella misma cree que lo es.
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declined to do so.
It’s official. Lady Gaga is headlining the 2017 Super Bowl halftime show. But for a musician that earns $1.9 million per concert per night, what is she making for this one?
While Lady Gaga might not be getting paid for her performance, she’ll get plenty of free airtime and promotion. Last year, 114.4 million people tuned in for the Super Bowl, according to Sports Illustrated.
The short answer? Nothing. When Coldplay and Beyoncé performed for Super Bowl 50, a NFL spokeswoman said the league doesn’t pay the halftime artists. “We cover expenses and production costs,” she told Forbes. The costs are nothing to sniff at either. They can run more than $10 million, according to online news outlet Heavy.com. In fact, Super Bowl XLIX halftime performer Katy Perry told Billboard that the NFL asked her to pay some of the costs, although she
BIG GAME
Here’s How Much Lady Gaga Will Make for Her Super Bowl Show She's expected to put on quite a spectacle for Super Bowl 51 - for an astonishing figure.
That’s a lot of eyeballs, especially at a time when Lady Gaga is set to release a new album. The artist’s fifth studio album will be titled Joanne, and is scheduled to go live on Oct. 14, according to Entertainment Weekly. Should the album be a success, a world tour isn’t out of the question. And keep in mind that LadyGaga’s two-year Monster Ball Tour grossed $239 million (adjusted for inflation) in 2011.
SAVE THE DATE 4th Annual Big Game Kickoff Reception
In Celebration of Latino in Sport, Entertainment and Business!
Tuesday January 31th 2017 in Huston
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P18 nY. Business Latino • Edition 50 |February 2017 President Trump on Wednesday began putting in place his plan to ratchet up immigration enforcement, following through on major campaign pledges by signing executive actions to build a border wall with Mexico and cut off funds to cities that do not report undocumented immigrants to federal authorities.
The perceived insults endured during the
campaign had finally turned into action. Decades of friendly relations between the nations — on matters involving trade, security and migration —
In an appearance at the Department of Homeland Security, Trump kicked off the rollout of a series of directives aimed at clamping down on the estimated 11 million immigrants living illegally in the United States and potentially tightening restrictions on those trying to come to the country through legal channels. Aides said more directives could come later this week, including new restrictions on refugees and immigrants from Muslim-majority countries over concerns about terrorism. The presidential directives signed Wednesday aim to create more detention centers, add thousands of Border Patrol agents and withhold federal funds from what are known as sanctuary cities, which do not comply with federal immigration laws. One order calls for the “immediate construction of a physical wall.” “We are going to restore the rule of law in the United States,” Trump told a crowd of DHS employees, who applauded several times during the president’s remarks. “Beginning today, the United States gets control of its borders.”
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Mexican President Enrique Peña Nieto said Thursday he has canceled an upcoming meeting with President Trump amid a spat over Peña Nieto’s refusal to pay for a planned wall along the U.S. southern border. Trump has long vowed that Mexico would pay for the construction project.
Trump’s First 100 Days reality,” said Marielena Hincapie, executive director of the National Immigration Law Center. “Chaos and destruction will be the outcome.”
Though Trump promised that construction of the border wall would begin within months, it remained unclear how his directive would accelerate the project or pay for the added enforcement personnel. Federal funds would have to be appropriated by Congress, and construction industry The construction of a wall analysts have said the total costs along the southern U.S. border of a barrier along the southern was Trump’s chief campaign U.S. border with Mexico could promise as he blamed illegal approach $20 billion. immigration for constricting the U.S. job market for Ameri- Trump’s directives also call for an additional 5,000 Border Patrol cans and adding to national agents and 10,000 immigration security concerns. officials. Administration officials But his moves prompted an have said they are discussing immediate backlash from funding options with GOP lawcongressional Democrats makers. and immigrant rights groups, In an interview with ABC which accused the president News, Trump said construction of hyperbole to whip up fear in the electorate at the expense would begin “as soon as we can physically do it. I would say in of immigrants and refugees. Protesters gathered outside the months.” He has said the project White House within hours of would start with U.S. tax dollars in order to begin quickly, but he Trump’s announcement. reiterated his promise that the “The hateful, xenophobic, United States would be reimanti-immigrant and antibursed by the Mexican governMuslim rhetoric that was a ment. hallmark of the Trump campaign is starting to become a Trump is scheduled to welcome
Mexican President Enrique Peña Nieto — who told him during the campaign that his administration would not pay for a wall — for a bilateral meeting at the White House next week. Mexicans called on Peña Nieto to cancel the summit. [Mexicans want their president to cancel Washington visit after Trump touts his wall] “We’ll be reimbursed at a later date from whatever transaction we make from Mexico,” Trump said in the television interview. “I’m just telling you there will be a payment. It will be in a form, perhaps a complicated form.” Peña Nieto, in a televised address Wednesday night, said “I regret and reject” Trump’s decision to build the wall and added: “I have said time and again, Mexico will not pay for any wall.” He also said that the 50 Mexican consulates across the United States will “turn into places to defend rights of Mexicans. Where a Mexican needs legal help, they will be there.” Trump also scoffed at concerns that his proposed actions could further fuel hatred of the United States and motivate Islamic State terrorists. “Anger? There’s plenty of anger right now. How can you have more?” Trump told ABC’s
David Muir. Congressional Republicans cheered Trump’s announcement as a long overdue focus on border security, but Democrats warned that it would torpedo efforts to achieve bipartisan consensus on a comprehensive immigration reform bill that eluded the administrations of Republican George W. Bush and Democrat Barack Obama. Democrats have called for stricter enforcement to be coupled with a path to citizenship for undocumented immigrants who have not committed additional crimes. “Turning away legitimate asylum seekers at the border, and requiring mandatory detention of families and children, will do nothing to make America safer,” Sen. Benjamin L. Cardin (DMd.) said. Trump kicked off his campaign with a fiery speech in 2015 during which he referred to illegal immigrants from Mexico as criminals and rapists and pledged to make stronger enforcement a centerpiece of his agenda. The strategy defied a growing consensus among establishment Republicans that the GOP must pursue comprehensive reform, including a path to citizenship,
in order to make inroads with the fast-growing Latino population. After a comprehensive reform bill died in Congress in 2014, Obama moved to focus his administration’s enforcement efforts on those who had committed felonies or had ties to terrorism. During his visit to DHS, Trump thanked the Border Patrol agents and immigration officers who, he claimed, “unanimously endorsed me” — though it was the unions representing the employees, whose leadership had chafed at Obama’s policies, that had backed his candidacy. Trump told the employees that retired Marine Gen. John F. Kelly, sworn in last week as the new homeland security secretary, would be charged with carrying out his directives. “He’s a rough, tough guy, but he’s also got a good heart,” Trump said. Trump also recognized members of the Remembrance Project, a Texas-based advocacy group that represents the families of victims who were killed by people not legally in the country. Trump was frequently joined by the parents of these victims at campaign rallies, especially those in states close to the southern border.
“This morning we informed the White House that I will not attend the scheduled work meeting for next Tuesday with @POTUS,” Peña Nieto announced on Twitter. “We will look for a date to schedule something in the future,” White House press secretary Sean Spicer told reporters aboard Air Force One while en route to a Republican retreat in Philadelphia Thursday. “We will keep the lines of communication open.” Trump had threatened to scrap the meeting earlier in the day. And that shot came after Peña Nieto already publicly flirted with the idea of canceling the meeting. “The U.S. has a 60 billion dollar trade deficit with Mexico,” Trump tweeted Thursday. “It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost.” “If Mexico is unwilling to pay for the badly needed wall,” the president continued, “then it would be better to cancel the upcoming meeting.” Trump had been scheduled to meet with Peña Nieto in Washington, D.C., on Jan. 31. On Wednesday, Trump announced plans to forge ahead with his promise to build the wall. In response, Peña Nieto said he was consulting with U.S. and Mexican officials about his “next steps.”
Mexican president cancels meeting with Trump amid spat over border wall
President Enrique Peña Nieto of Mexico with Donald J. “I regret and reject the decision of the U.S. to build the wall,” Peña Nieto said in a televised address. “Mexico does not believe in walls. I’ve said time and again: Mexico will not pay for any wall. “I regret and reject the decision of the U.S. to build the wall,” Peña Nieto said in a televised address. “Mexico does not believe in walls. I’ve said time and again: Mexico will not pay for any wall.” Trump displays one of the four executive orders he signed during a visit to the Department of Homeland Security on Wednesday. (Chip Somodevilla/Getty Images) Earlier Wednesday, Trump signed an executive order saying it was his administration’s policy to “immediately plan, design, and construct a physical wall along the southern border, using appropriate materials and technology to most effectively achieve complete operational control
of the southern border.” He also pledged an increase in Border Patrol forces and the number of immigration enforcement officers who carry out deportations. At a Republican retreat Thursday morning in Philadelphia, House Speaker Paul Ryan said that Trump’s border wall will cost between $12 billion and $15 billion, and that Congress will pay for it. In an interview with ABC News that aired Wednesday night, Trump said the construction cost will later be reimbursed by Mexico. “Ultimately it will come out of what’s happening with Mexico,” Trump said. “We’re going to
be starting those negotiations relatively soon. And we will, in a form, be reimbursed by Mexico.” But the president refused to provide specifics. During the campaign, in which he deployed caustic rhetoric toward Mexico, Trump suggested he would force the country to pay for the wall by blocking remittances Mexicans living in the U.S. send to their families back home. “We’ll be reimbursed at a later date from whatever transaction we make from Mexico,” Trump told ABC.
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