Yes, BlackRock’s Home-Buying Spree Should Concern You

The general public doesn’t normally look into companies like BlackRock, the largest asset management firm on the planet with over $9 trillion in assets. That’s higher than the GDP of every nation in the world other than the United States and China. We don’t normally looking into them because they’re invisible to “normies” like us. They don’t advertise or have their name on a sports stadium like most other major companies. They’re happy to stay as under the radar as is possible for a company so huge.

But some in the general public is paying attention now following the resurfacing of an April WSJ article that chronicles BlackRock and other money institutions buying up single-family homes as quickly as they can at rates higher than the average homebuyer is willing to pay. They’re buying them up at a premium, and that should concern everyone whether you’re in the market to buy a home or not.

Keep reading

New Jersey Governor Okays Work Licenses for Illegal Migrants

New Jersey’s Democrat governor signed a bill on September 1 that allows illegal migrants to take well-paying licensed jobs from Americans and legal immigrants, even amid the dramatic recession that has pushed many Americans out of jobs.

NJ.com reported the recession win for illegal migrants and employers on September 1:

Previously, [people] were required to have a “lawful presence in the United States” to qualify for a license. This law (S2455) removes that barrier.
[Gov. Chris] Murphy’s office said the law — which takes effect immediately — will benefit about 500,000 undocumented residents in New Jersey.

The office also said the state will be the first on the East Coast to enact such a law. California, Nevada, and New Mexico are among the other states with similar statutes.

The law allows illegals — including DACA recipients — to get licenses for many blue-collar and white-collar jobs.

The license will allow illegals to work as electricians, plumbers, HVAC workers, lab technicians, nurses, doctors, architects, and many other careers.

The law passed with support from employers, many of whom are eager to cut their costs by staffing their companies with the state’s large population of illegals, which include many Latinos and a growing number of Indians.

Keep reading