Best of the Blogs (Well Mostly the Immigration-Related Ones)

No More Deaths, http://www.flickr.com/photos/steev/138245726/sizes/o/in/photostream/Refugee law does not get all that much attention in the blogosphere, even on the immigration-related blogs, probably because the numbers of refugees and asylees are so low in the context of U.S. immigration as a whole.   This week, though, there was a little discussion of a new study showing that asylum-seekers’ success rates have gone up to about 50%.  The study also confirms that asylum requests (that is, requests for refugee status made by people who are in the United States already) continue to fall.  The Wall Street Journal’s Law Blog mischaracterized the study to some extent, asserting that “Recently revealed statistics show that illegal immigration is down. But another method of gaining residence in the U.S. is up: seeking political asylum,” when, as I just explained, asylum requests actually continue to fall.  It is only the rate of success that has gone up.

The increased success rate is surely due to the fact that more asylum seekers are finding legal representation:  as the study explains, unrepresented asylum seekers have a success rate of about 11%, while those with attorneys have about a 54% chance of winning asylum.  The study also shows that the dramatic disparities in grant rates by different judges continues (e.g., in the New York Immigration Court, judges’ asylum grant rates ranged from 6% to 70%).

In any event, the other statistics referred to in that WSJ Law Blog post are from a Pew Hispanic Center study showing a dramatic decline in the population of undocumented immigrants in the United States over the past few years.  

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Will Financial Regulation Make Us Safe?

It is with a bit of fear that I take over the podium as a guest blogger. The thought of coming up with enough substance to satisfy the cravings of an unnamed and faceless reader base is a bit frightening. So, please excuse me if my nervousness shows through in my writing.

So, first a bit about me. I have been very fortunate to have had a fantastic fifteen-year career in the hedge fund business (which does make me a bit of a dinosaur in the industry). Most recently, I was the President and Chief Operating Officer of Stark Investments (one of the oldest hedge funds in the world). During my career working in the business, I have done about everything – from providing legal counsel, to co-managing a large portfolio, to ultimately taking responsibility for the execution of the strategic vision and the overall administration of a large organization. I am a 1993 graduate of the Marquette University School of Law (and have to say that I am thrilled at all of the very positive developments at the Law School – kudos to Dean Kearney and his team!). All of that being said, I have had the fortune (or misfortune as the case may be) of having had a front-row seat throughout this period of financial crises.

It is with this background in mind that I will spend my month at the podium discussing the markets, the financial crises, financial regulation, and the evolving nature of some of the key players in the markets (investment banks, hedge funds, and other investors). 

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