University Presidents Team Up to Protect “Dreamers”
December 12, 2017
Over two dozen university and college presidents are teaming up to foster legal protection for undocumented “Dreamers”; US Small Business Optimism at Highest Level since 1983; Wholesale prices higher than expected in November.
- Over two dozen university and college presidents are teaming up to foster legal protection for undocumented “Dreamers.” The coalition, known as Presidents’ Alliance on Higher Education and Immigration, includes over 700 presidents, including officials from the California and Utah State University systems, as well as the presidents from Harvard, Princeton, Georgetown, and George Washington University. While DACA codification is its main priority, the group also plans to focus on “optional practical training,” which allows foreign students with F-1 visas to work legally as part of their education, and H-1B visas for specialized workers. New student enrollment by foreign students declined 3% during the past year, the first decline in the dozen years that the Institute of International Education has tracked enrollment. While it is too early to declare whether the drop is correlated with the Trump administration’s immigration policies, the drop in foreign student enrollment could have significant financial effects on schools. [Politico]
Economic Indicators & News
- US Small Business Optimism at Highest Level since 1983. Small business optimism was measured at its highest level in more than 34 years, as owners became more optimistic about their sales prospects, as well as broader economic conditions. The index rose to 107.5, beating analyst estimates of 104. 48% of owners surveyed expect better conditions in the next six months, up from just 32% a month earlier. The survey is good news for economic expansion and job growth. [Bloomberg]
- Wholesale prices higher than expected in November. The producer price index continues to rise, growing 0.4% last month, up 3.1% from a year ago. The “core” gauge, excluding food and energy prices, also rose 0.3% this past month, and is up 2.4% from this time last year. Price pressures have been slow to build, but seem to be finally picking up speed over the last few months. This news will likely manifest itself in higher inflation measurements in the coming months, which helps further build the case for a December rate hike. [Bloomberg]