Equally important: They have oversized pockets.
The Biden administration proposed a rule on Monday that would move an estimated 700,000 immigrants who came to the United States illegally as children to the back of the line to be deported, in a bid to preserve an Obama-era program recently struck down by a judge. The proposal https://public-inspection.federalregister.gov/2021-20898.pdf from the U.S. Department of Homeland Security would "preserve and fortify" the Deferred Action for Childhood Arrivals (DACA) program first launched in 2012, the agency said, and ensure that productive young people with few ties to their home countries are not deported. DACA beneficiaries, known as "Dreamers," receive work authorization, access to driver's licenses and better access, for some, to financial aid for education, but not a path to citizenship.
Harding Loevner, an investment management firm, published its “Global Equity Fund” second-quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.70% was recorded by the fund for the Q2 of 2021, beating its Benchmark, the MSCI World Index, which returned 7.89% for the same period. You can take a […]