Buffett surprised by newspaper struggles
TEGUCIGALPA (AP): PRESIDENT JUAN Orlando Hernández’s government expressed regret yesterday over a United States move last Friday to end temporary protected status (TPS) for tens of thousands of Hondurans who have resided in the United States for nearly two decades.
The foreign relations ministry said in a statement that it is a sovereign matter for Washington to decide but added that “we deeply lament it”.
It said that returnees “are and always will be welcome in their homeland, where they will be received with open arms”, and “their reintegration into our society will be facilitated”.
The Trump administration announced late last week that it was ending TPS for the 57,000 Hondurans covered under the programme.
2020 DEADLINE
They now have until January 5, 2020, to sort out their affairs before returning home – or try to normalise their migratory status in other ways such as through marriage or sponsorship.
The figure represents a small fraction of the more than one million Hondurans living in the United States, who, each year, send home remittances of some US$4.2 billion, or nearly one-sixth of Honduras’ US$26 billion gross domestic product.
Still, Hugo Noe, a former Central Bank president and exHonduran ambassador to Washington, called the decision “a tragedy that creates uncertainty for so many families”.
“Those Hondurans will fall into illegal status,” Noe predicted. “They will not come back.”
Hondurans covered by TPS join hundreds of thousands of other immigrants from countries battered by violence and natural disasters who are losing permission to be in the United States.
In recent months, the US Department of Homeland Security has also ended protected status for El Salvador, Nicaragua, Haiti, Sudan, and Nepal. OMAHA, Nebraska (AP): BILLIONAIRE WARREN Buffett says that he’s surprised that the rate of decline in the newspaper industry hasn’t slowed much in the past five years.
Buffett’s Berkshire Hathaway owns a group of more than two dozen small and medium-size newspapers.
At Berkshire’s annual shareholders meeting in Omaha, Nebraska, yesterday, Buffett said that the Wall Street Journal, New York Times, and Washington Post are likely the only newspapers that can generate enough revenue from their digital products to replace what they lost from the shift away from print.
He said that he hopes more daily newspapers can find a way to be economically viable because they are so important to society.