Go to Omaha, young man: Chinese investors flock to Buffett

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1 If If you would like to share news or information with our readers, please send the unique stories, business news organization events, and school news to us includinig your name and phone number in case more information is needed. For news and information consideration, please send to or contact John Robbins Jun Gai Denmark opens Consulate General in Houston Southern Daily News is published by Southern News Group Daily Publisher: Wea H. Lee General Manager: Catherine Lee Editor: John Robbins, Jun Gai Business Manager : Jennifer Lopez Address: Bellaire Blvd., Houston, TX News@scdaily.com Tuesday, May 8, Southern News Group Inside C2 Go to Omaha, young man: Chinese investors flock to Buffett OMAHA, Neb. (Reuters - China s growing middle class is becoming a bigger force in global tourism. For a case in point, look no further than Nebraska the week of the Berkshire Hathaway Inc annual shareholders meeting. For all his fame in the United States, where some regard him as the best investor of all time, billionaire Warren Buffett on Saturday said the company s brand carries much less weight with potential partners beyond U.S. borders. But a clear exception is the world s second largest economy, where Buffett is something of a rock star: One early estimate put the number of Chinese visitors expected for Berkshire week at 5,000. Berkshire sent out slightly more tickets to this year s extravaganza than in 2015, when an estimated 42,000 celebrated Buffett s 50th year at the helm. Posters for an investment conference across the street from Berkshire s convention hall are written in Chinese and boast the conglomerate Tencent Holdings Ltd as a partner. Tables at a nearby hotel are set with a centerpiece of fortune cookies. Inside each: a Buffett aphorism. On the evening schedule one night were cocktails and ping-pong, a sport Buffett plays that is also popular in China. At one closed-door event, five groups of U.S. start-up companies presented ideas to Chinese investors in a Shark Tank -style forum held at the Nebraska Chinese Association, according to the group s president, Linda Steele. It s not just people snapping pictures at Dairy Queen. There s a lot going beyond the superficial. There s real business going on here, said Les Baquiran, founder of Pinebase, an online financial forum which sponsored several events aimed at Chinese investors in Omaha, including one that drew more than 400 people. It would be more intense if everyone from China who wanted to come came. A map of where Berkshire visitors came from, broadcast on Yahoo Finance, showed push-pins up and down the Middle Kingdom s eastern coastline. Buffett and his right-hand man, Charlie Munger, are relatively well-known in China, where Buffett s face appeared on Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company s annual meeting in Omaha Warren Buffett, CEO of Berkshire Hathaway Inc, walks through the exhibit hall at the company s annual meeting in Omaha cans of his beloved Cherry Coke. Buffett has been known to meet with groups of visiting students from China, while Munger pushed for the 2008 investment by a Berkshire subsidiary in Chinese electric carmaker BYD Co Ltd. Buffett took several questions from Chinese shareholders on Saturday, including one that elicited Buffett s comment that Washington and Beijing are two intelligent superpowers who will avoid a trade war. [nl1n1sc08j] One young Shenzhen native, now studying in Boston, asked Buffett for advice. I never was any good at languages, but if I were in college today in either country I d be learning the language of the other country because I think it d be a great advantage over time, Buffett told him, referring to the United States and China. The 87-year-old Oracle of Omaha did show fluency with Chinese culture. In August, I m going to be 88, and that will be the 8th month of the year, and it s in a year that ends with an 8, he said. Buffett soothes investors fears of a trade war As you and I both know, 8 is a very lucky number in China. So if you find anything over there for me this is the time we should be acquiring something. STV 15.3 Now Broadcasting Globally View Television Programming 24-Hours A Day, 7 Days A Week Non-Stop On Your Mobile Phone! (By Tina Huang / Southern Daily For the added convenience, dependability and enjoyment for our global audience, mobile cell phone users can now simply scan the QR code printed in our newspaper and they will be directly connected to our digital television station STV15.3 on their mobile cell phones. Users can then enjoy immediate access to a wide range of broadband television programming including breaking news, entertainment and education which can be reached non-stop, 24-hours a day, 7 days a week from local, domestic U.S. and global locations. Additionally, users will now be able to listen to radio stations from television broadcasts while driving, an experience which can be even more greatly enhanced when users mobile cell phones are connected with a Bluetooth device in their cars.

2 Tuesday, May 8, 2018 C2 LOCAL NEWS Denmark opens Consulate General in Houston By William Axford Denmark recently opened a consulate in Houston to build upon existing ties in maritime, wind energy and a host of other sectors. More than 300 people attended the opening reception last week. The Ministry of Foreign Affairs of Denmark held the reception in their soon-to-be new office in the Williams Tower that expects to employ about 10 people after the summer. Both before and after the opening reception, the consulate held industry-focused events involving maritime, wind energy, water supply and flooding challenges to underline the new commercial focus, according to a written synopsis of the day. Our activities within wind, water and maritime have already been well-received and with the Texan can-do attitude the sky is the limit, new Consul General Jacob Vind said in a statement. The consulate s strategy is also to become involved in health and life sciences, waste management, and automation and robotics. Denmark has an embassy in Washington, D.C., and consulates in Silicon Valley, Chicago and New York. Houston gasoline prices pause seasonal surge The surge in gasoline prices in Houston and across the country paused last week in a sign that the seasonal increases will soon taper off. The average cost of a gallon of regular unleaded in the Houston area remained unchanged at $2.55, while the national average decreased about a cent to $2.80 a gallon, according to GasBuddy, which tracks fuel prices nationwide. In Houston, gasoline costs nearly 35 cents more than it did at this time last year. Nationally, prices have increased by about 47 cents during the same period. Patrick DeHaan, head of petroleum analysis for GasBuddy, anticipates steadier prices at the pump now that refiners have completed the transition to more expensive fuel blends that help reduce emissions during the busy summer driving season. "With summer gasoline now phased in and reaching motorists gas tanks across the country, it is no longer an active issue pushing prices up," he said. But he warned that if the Trump administration chooses to withdraw the U.S. from the Iran nuclear deal, it could lead to sanctions that would drive up the price of oil. U.S. oil prices vaulted above $70 a barrel in early trading Monday, reaching that level for the first time since November 2014 as the Trump Administration s deadline to reauthorize the Iran deal approaches. Oil settled at $70.73 a barrel, up $1.01, or about 1.5 percent. President Trump months ago said he would scuttle the pact, which lifted Iranian oil export sanctions off and unfroze billions in Iranian assets in exchange for dismantling its nuclear program. Traders worry he ll follow through on the threat. The Obama Administration s 2015 deal had driven oil prices lower, and for good reason: it unleashed more than 1 million barrels of Iranian crude back onto global markets. But a reversal would curb the exports of one of OPEC s largest oil producers at a time when global crude supplies aren t as plush as they once were. U.S. oil prices hit $70.71 a barrel on Monday morning, up 99 cents in New York. GasBuddy anticipates the seasonal surge in gasoline prices to taper off in the coming weeks if the price of oil remains steady. 史上最大優惠! - 許氏誠意回饋 - 買 2 盒雙靈芝禮盒 原價 $ 特價 $ 活動促銷至 2018/5/31 止 送 1 盒雙靈芝禮盒 * 質量保證原料直接由日本靈芝農場進口 * 技術先進日本的專利證孢子體破碎技術 * 功效卓著採用全靈芝及濃縮提純萃取粉 許氏德州經銷專賣店 Dallas 達拉斯出國人員服務中心 SzeChuan China Restaurant Mau Phuoc Duong Grand Prarie 香港超級市場 Plano 達福出國人員服務中心 陽光旅行社 YiYiHerbs 大華超級市場 (99 Ranch 百佳超級市場 Houston Bellaire 五豐海味中葯行 金荷中醫診所 永盛圖書百貨公司 仁安堂花旗參茸中葯行 盧林中醫診所 德信行 中國出國人員服務中心 德聖堂 參茸城 香港海味城 燕窩城 燕補堂 仁濟中醫針灸所 聯發行 L&P 百佳超級市場 惠康超級市場 Hous 香港超級市場 百利草藥 NHAN HOA HERBS Houston Area 越華超級市場 萬和堂 家樂超級市場 大華超級市場 (99 Ranch 大華超級市場 (99 Ranch Austin 天地人參茸行 恆豐 San Antonio 亞洲市場 College Station BCS Food Markets

3 Tuesday, May 8, 2018 C3 Editor s Choice Championship - Wolverhampton Wanderers Promotion Parade Nominee to be Director of the Central Intelligence Agency Gina Haspel arrives for meetings with Senators on Capitol Hill in Washington A demonstrator blocks a street after a protest against Nicaraguan President Daniel Ortega s government in Niquinohomo U.S. Vice President Pence sits between OAS Secretary General Almagro and President Gonzalez Diazas he waits to address the Organization of American States in Washington People hold up signs protesting against cuts to the Supplemental Nutrition Assistance Program (SNAP during a press conference on Capitol Hill in Washington 71st Cannes Film Festival Cannes, France, May 7, Jury member Lea Seydoux arrives at the Grand Hyatt Cannes Hotel Martinez on the eve of the opening of the festival. An F/A-18 fighter jet takes off from the USS Harry S. Truman aircraft carrier in the eastern Mediterranean Sea Ricardo Anaya, presidential candidate for the National Action Party (PAN, a part of the coalition For Mexico in Front, gestures during the16th National Tourism Forum at the Chapultepec Castle in Mexico City FILE PHOTO: A worker arranges a display of t-shirts with images of Warren Buffett and Charlie Munger at the Berkshire Hathaway Inc annual meeting, the largest in corporate America, in its hometown of Omaha

4 TUESDAY, MAY 08, 2018 C4 COMMUNITY HOUSTON (March 13, 2018 A $4.4 million grant awarded to Texas A&M University from the National Science Foundation will provide a boost to Houston Community College students pursuing careers in cybersecurity. With the award from the NSF Foundation CyberCorps Scholarships for Service Program, the Texas A&M Cybersecurity Center will administer the Cyber Leader-Scholars Program in partnership with HCC. The program will combine the academic experience at both institutions to develop and mentor a group of students over a five-year period. In return for their scholarships, which include generous stipends, the students agree to work for a government agency for a period equal to the length of the scholarship. NSA $4.4 Million Grant To Help HCC Cybersecurity Students Compiled And Edited By John T. Robbins, Southern Daily Editor the network and the high availability of multiple resources, administrators of enterprise networks have to be aware and understand all potential threats to the network. Cyber security, also referred to as information technology security, focuses on protecting computers, networks, programs and data from unintended or unauthorized access, change or destruction. ance on web-based technology at home and in the workplace, this fast-paced profession has grown quickly over the past two decades. Today, the U.S. government maintains a National Cybersecurity Division under the Department of Homeland Security; additionally, the professionals. Today, many students are choosing to earn their bachelor s in cybersecurity online. The best online cybersecurity degree programs equip students with the knowledge and skills needed to launch a career in this dynamic field. The asynchronous format used by most web-based programs is particularly convenient for students with part-time jobs, childcare responsibilities, or other commitments that make it difficult to attend class on campus. Students who graduate with a bachelor s degree in cybersecurity will be qualified for most entry-level positions in the field, along with some managerial roles normally reserved for candidates who have completed a four-year education. Common careers for cybersecurity degree recipients include data analysts, software development, network administration, and digital forensics. We are fortunate to have highly motivated partners from Houston Community College who will administer the program on their campus, said Daniel Rags Ragsdale, director of the Texas A&M Cybersecurity Center. Doug Rowlett, dean of HCC Digital and Information Technology Center of Excellence, said the grant is a big boost for HCC. We are very pleased to be working closely with Dr. Ragsdale, he said. Our two programs complement each other, and the foundation we can give students transferring to A&M will help them be successful as they pursue their careers. HCC s designation by the Department of Homeland Security and the National Security Agency insures that the community college s programs meet the highest federal standards for cybersecurity, Rowlett said. It is one of the reasons we were chosen to partner with A&M on this NSF grant, and it opens a wonderful opportunity for our students to move forward with their studies in a prestigious cybersecurity center like the one at A&M, he said. In today s world, computer networks are an essential part of business operations. With accessing information over The courses offered at HCC through the Cyber Leader-Scholars Program will include Security Certification, CompTIA Advanced Security Practitioner and Enterprise Network Security (Firewalls & Network Security. Cybersecurity, also known as computer security or information technology security, is a field that covers the tools and systems used to monitor, mitigate, and prevent online threats. Cybersecurity professionals use innovative technology to combat hackers, cyberterrorists, network outages, and other technical problems that could compromise network security. Due to our growing reli- Internet Crime Complaint Center is comprised of personnel from the FBI, the National White Collar Crime Center, and the Bureau of Justice Assistance. Most careers in cybersecurity are attainable with a bachelor s degree. While some schools offer standalone cybersecurity programs, most students pursue a cybersecurity specialization or concentration as part of a larger major, such as criminal justice, information technology, or network administration. Often, cybersecurity programs facilitate internship opportunities for their students, allowing them to spend time at a practical worksite, where they receive supervised training from experienced For more information about the Cyber Security program at HCC, go here: About HCC Houston Community College (HCC is composed of 15 Centers of Excellence and numerous satellite centers that serve the diverse communities in the Greater Houston area by preparing individuals to live and work in an increasingly international and technological society. HCC is one of the country s largest singly-accredited, open-admission, community colleges offering associate degrees, certificates, workforce training, and lifelong learning opportunities. To learn more, visit

5 Tuesday, MAY 08, 2018 C5 BUSINESS U.S. President Donald Trump Last Monday, the Trump administration announced that it was stripping approximately 260,500 Salvadoran immigrants who ve been in the US for at least 17 years, since a 2001 earthquake of temporary legal status as of July It s the latest, and most significant, blow in the administration s fight against Temporary Protected Status, an immigration program that lets the government allow immigrants to stay in the US and work legally after their home countries are struck by natural disasters or war. El Salvador is the fourth country for which the Trump administration has announced an end to TPS protections over its first year. In total, the administration has set up more than 320,000 immigrants to lose their legal status over the course of late 2018 and 2019 (and possibly as many as 375,000, depending on what it decides to do with 57,000 Honduran immigrants this spring. The overwhelming majority of those immigrants have deep roots in the US. And Salvadorans might have the deepest roots of all: Approximately 192,700 US-born children have at least one parent who s on track to lose legal status due to the administration s Monday announcement. The Trump administration argues that the TPS program was never intended to allow immigrants to stay for 17 years, and that it needs to end temporary status to provide a permanent solution. But it s unclear, at best, that the Trump administration will be interested in pushing Congress to legalize hundreds of thousands of Central American (and Haitian immigrants. Furthermore, the administration is telling Salvadoran immigrants that they have 18 months to make other arrangements to stay in the US or pack their bags. After two decades in the US, hundreds of thousands of families will now have to decide whether to return to one of the most violent countries on earth or remain in the US as unauthorized immigrants and try to slink into the shadows. Temporary Protected Status serves as a form of humanitarian relief, offered to nationals of countries struggling with the aftermath of war, natural disasters, or other humanitarian crises where conditions on the ground make it difficult for people to return safely. Ten countries El Salvador, Haiti, Honduras, Nepal, Nicaragua, Somalia, Sudan, South Sudan, Syria, and Yemen are currently in the program, which is overseen by the Department of Homeland Security and is granted in six- to 18-month intervals that can be renewed as long as DHS deems a designation necessary. El Salvador was on the TPS list in the 1990s during its long and bloody civil war, but was Trump Wants 260,000 Immigrants To Return To El Salvador After Decades In The United States Trump s Attacks On Humanitarian Immigration Has Became A Full-Blown War removed in 1992 (though a related program, Deferred Enforced Departure, protected Salvadorans from getting deported through In 2001, though, after an earthquake struck El Salvador, the government allowed Salvadorans in the US to apply for TPS again. In the intervening 17 years, it s renewed protections 10 times. To enter the program, nationals of a designated country must clear a number of conditions: They must maintain a relatively clean criminal record and pass a background check, they must pay a $495 processing fee when they first apply for the program and every time their status is renewed, and they must reside in the United States at the time of their country s designation. This usually means that TPS beneficiaries are undocumented immigrants who were already in the US, those who overstayed a visa, or those who hold some other form of temporary immigration status. TPS beneficiaries are granted authorization to work in the US (and in some cases the ability to travel internationally and a reprieve from deportation. But outside of that, TPS doesn t grant many other benefits; beneficiaries do not have legal permanent resident status, and while a small number of beneficiaries may be eligible for green cards through the sponsorship of a US citizen family member, the program is not intended to provide a path to citizenship. In practice, that meant that once a country s TPS was up for review, presidents had two choices: They could renew TPS for that country, kicking the can down the road; or they could terminate it and give thousands of people no way to stay legally in the US. Over its first year in office, the Trump administration has made it clear that it wants to completely overhaul the basis on which the US grants legal status to immigrants. It envisions a merit-based immigration system in which individual immigrants are selected based on their high level of education and relevant professional skills and the government has no obligation to let immigrants come to or stay in the US just because their homes and families are already here. There are a lot of current US immigration policies that run afoul of the Trump administration s ideas of merit, but TPS might be the biggest affront to their vision. Not only does it extend legal protections to people based almost entirely on what s happened in their home countries, rather than what they can contribute as individuals, but it applies to people who were already living in the US when TPS was granted instead of Compiled And Edited By John T. Robbins, Southern Daily Editor allowing the US to select immigrants in advance. But the fundamental problem, from the Trump administration s point of view, is that TPS is designed to be temporary, and a temporary program shouldn t be leading people to settle in the US. To that end, the administration has taken nearly every chance it s gotten to wind down TPS protections. In September, it announced that it was giving about 500 Sudanese a final 18 months on TPS. In November, it hit 59,000 Haitian immigrants and 2,500 Nicaraguan immigrants with the same 18-month deadline. (It was unable to come to a decision about the fate of 57,000 Honduran immigrants, forcing an automatic sixmonth extension, which will expire this spring. And now it s doing the same for what it estimates to be 260,500 Salvadorans. This is not exactly the way the Trump administration tends to describe El Salvador. The country is the home base of MS-13 the transnational gang Trump has referred to as monsters, and which he and his top officials use to argue for everything from tightening asylum laws to defunding cities that don t maximize compliance with federal immigration agents. In fact, the administration has bragged about how many MS-13 gang members it has deported to El Salvador the very same people it s now claiming are proof of the country s ability to absorb returned immigrants. In 2015 (the most recent year for which data is available from United Nations Office of Drugs and Crime, El Salvador had homicides per 100,000 people. That made it the deadliest country in the world by a wide margin the next most dangerous, Honduras, had homicides per 100,000 and 22 times as dangerous as the United States. El Salvador is slightly safer than it was in In January 2017, the country had its first day without a murder in two years. But by fall, violence was spreading again: In September, the country witnessed 435 homicides, or almost 15 per day. American policy has deeply shaped El Salvador s recent past anyway. The US supported one of the sides in the civil war that led to the country s original TPS grant. In the 1990s, efforts to deport immigrants who had been convicted of crimes played a major role in exporting MS-13 which started as a Los Angeles prison gang to El Salvador, where it took root. More recently, the flow of Salvadorans seeking asylum in the US, usually out of fear of violence from MS-13 or other gangs, is disproportionately made up of unaccompanied children and families in part because of US laws offering guarantees for standards of treatment (and, in the case of unaccompanied children, options for legal status that aren t available to single adults. (This has been cited by some Republicans as a reason to change those laws, so as not to incentivize children or families fleeing violence to come to the US. The Trump administration s line on TPS is that it s not about the broader stability of a country, but just about recovery from the initial disaster. But the federal government has the authority to grant or extend TPS based on ongoing armed conflict or other extraordinary temporary conditions. Asked on Monday about those criteria, a senior administration official simply said it did not believe those conditions applied to El Salvador in Salvadorans aren t just the biggest population of those with TPS; they re also the best integrated. According to the CMS estimates, 85 percent speak some English, with 48 percent speaking English well, very well, or exclusively. Their labor force participation rate is 88 percent above the US average of 63 percent and their unemployment rate is 5 percent. There are 45,000 mortgages held in the names of Salvadoran TPS holders. TPS holders make up a substantial portion (16 percent of all Salvadorans in the US. From the administration s perspective, all of this is a sign that previous presidents screwed up, by allowing TPS protections to continue after the initial disaster that spurred them faded into the past. But its relentlessly narrow focus leaves out a large group of US citizens: the 192,700 children who have been born in the US to at least one parent who is a Salvadoran with TPS. Most of these children are almost certainly under the age of 21 (the age at which they d be able to sponsor their parents for green cards, under certain circumstances. Those TPS holders who were eligible for legal status have probably already gotten it University of Kansas professor Cecilia Menjívar estimates that tens of thousands of Salvadoran immigrants got TPS in 2001 but no longer have it (presumably because they ve gotten permanent legal status or left the country. When a reporter asked on Monday whether the Trump administration was telling parents with TPS to take their US-born, US citizen minor children to El Salvador, the senior administration official said, We re not getting involved in individual family decisions. As the Trump administration has ended TPS for country after country, it s started to emphasize that it s up to Congress to find a permanent solution to address TPS is temporary. the fate of the people (Getty Images it s stripping of legal status. Because TPS was never intended to be permanent and because it doesn t itself provide a pathway for people to become permanent residents the administration maintains that if Congress decides that these 260,000 Salvadoran immigrants (and the 62,000 other immigrants whom it s stripping of TPS in the next year and a half should stay in the US, it s up to Congress to let them apply for green cards. And, of course, the administration has already pulled a move like this before. When it announced in September it was winding down the Deferred Action for Childhood Arrivals program, Trump claimed he was giving Congress six months to find a permanent solution for the 700,000 immigrants protected from deportation under DACA; with less than two months left, negotiations are nearly at a standstill, in large part due to the administration s apparent insistence on getting its entire immigration agenda passed as part of a DACA deal. If the administration really does think that a permanent solution that will allow Salvadorans to stay in the US is forthcoming, it s not telling Salvadorans that. The purpose of delaying the end of TPS by 18 months, the administration says, is to give current TPS holders time to adjust to permanent status if eligible and to make arrangements to leave the US if not. Eighteen months may seem like a long time. But for people who ve been in the US for 18 years with children who ve never lived anywhere else that may not be nearly enough. The immigrants facing the loss of TPS have another option the administration didn t specify (and that it doesn t tend to acknowledge. They can remain in the US after their legal status expires, becoming unauthorized immigrants. They d join the 11 million current unauthorized immigrants, many of whom were under little risk of deportation in the final years of the Obama administration and now have to deal with the fear of ICE apprehension on a daily basis. They d join the other tens of thousands of immigrants who will have lost TPS and stayed. And they ll join, unless Congress has come up with a bill in time, the 700,000 US-raised immigrants who are at risk with the end of DACA. The Trump administration says it wants permanent solutions. But in its first year, its immigration legacy has been to move more and more people into contingency and vulnerability. (Courtesy Southern Television 年 5 月份電視頻道節目表 5/07/2018-5/13/2018 美中時間 MON. TUE. WED. THU. FRI. SAT. 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