Frontera Fund: The DACA Program is under attack

The DACA Program has been receiving a lot of criticism in the recent times. Some of the influential members of the GPO have chosen to attack the program so that it can be abolished. This news, however, has not been received well by most of the young immigrant networks and organizations in the United States.

The youth program is essential for the youth who want to live and study in the United States. The institution mostly focuses on offering the undocumented young people who have specific qualifications a reprieve from deportation. The DACA program makes sure that the immigrant youth who are looking for greener pastures in the country have access to work permits that are renewable, a social security number and several other benefits. The contract with the program should be renewed after every two years so that the youth people can live the life they have always dreamt of.

Not long ago, the Larkin and Lacey Frontera Fund announced that Ken Paxton, the attorney general for Texas had released a special letter. According to the human rights organization, Paxton was addressing the new trump administration, demanding that the DACA Program should be rescinded before September. The letter threated that if the demands will not be met, the attorney general and his team would be forced to take some legal actions. The process of abolishing the program will not be abrupt. According to the Larkin and Lacey Frontera Fund, the authorities are proposing a unique phase off where there will be no new applicants. The people using the program will also not be allowed to renew their application after their two years after first application.

The unusual letter has names from some of the most influential and powerful personalities in the United States.Sources who have set eyes on it say that one governor and nine attorney generals from various states have signed the letter to show their agreement and unity. Although these people are dominant in the country, they will be expecting a lot of resistance from human rights organizations that are based in the country.

John Kelly recently met with several members of the Hispanic Caucus and spoke about the new developments. Kelly said that the DACA program has been in the country for five years now, and it protects almost one million youth who are looking for better living conditions in the nation. Accepting the terms set by the attorney generals will be putting the lives of the youth immigrants in jeopardy.

The Larkin and Lacey Fund has announced that it will be supporting the DACA Program in its missions. According to the organization, the program is very important for immigrants who play a role in the success of the country. The Frontera Fund has been in the market for a while now, and it is proven that it can take care of the needs of the vulnerable people in the society. The institution was founded by prominent journalists who are based in the country. The journalists have assisted the organization to reach its goals.


How Luiz Carlos Trabuco’s Idiosyncratic Vision Has Changed Brazilian Banking Forever

In Brazil, the largest companies in the country can be found in the financial sector. And the largest company in the financial sector, by at least some measures, is Grupo Bradesco. This is all the more remarkable when considering the fact that the firm, as late as the early 1970s, was just a small, local bank, with no more than a couple of branches.

Then, the bank began its dramatic rise to the top of the Brazilian financial world. This rise from sleepy, small town bank to the preeminent financial institution in the country occurred in tandem with one of the bank’s star employees. In fact, Luiz Carlos Trabuco had as much to do with the firm’s astounding success as anyone else.

And old-time success story

In the old days, it used to be that the vast majority of people who ended up as the captains of industry, at least those not born directly into dynastic wealth, did so by working their way from the lowest rungs of the industrial ladder all the way to the top. The stories of John D. Rockefeller, Cornelius Vanderbilt, Andrew Carnegie and just about every other of the great Victorian industrialists all followed this narrative closely. However, by the end of the 20th century, global capitalism had largely lost its ability to produce men of great wealth from the common stock of the underclass. The system had morphed into a nearly permanent and static class structure, where upward mobility was more fairy tale than reality.

However, a young Brazilian bank teller in 1969 would provide a heartening counter example to this trend towards an ossified caste system. Luiz Carlos Trabuco got his first job as a bank teller at the age of just 18. He quickly proved adept at the many tasks his job required, earning the attention and favor of his bosses. Over the next ten years, he began moving up through the ranks of Bradesco, just as the company itself began moving up amid the competition in the Brazilian financial space. By 1984, Trabuco had put himself through graduate school and held a master’s degree in social psychology. He would put it to good use.

Luiz Carlos Trabuco was handed the reins of the firm’s marketing department in 1984. But he didn’t see things the same way as his old guard superiors. A product of both the academy and the real-world of hyper-competitive Brazilian finance, Trabuco understood better than any of his bosses that the company was offering a fundamentally commodity product. While Trabuco thought that Bradesco could and should offer the absolute best product possible to its customers, he was realistic about the prospects the firm had of meaningfully establishing a strong competitive edge based on its banking products alone. The edge, Trabuco argued, would need to come from the bank’s ability to offer a superior service, a customer experience that would become the focal point of the brand and the place the firm would occupy in the public mind.

He set out implementing his new strategy. By 1992, it was clearly working. Bradesco itself was growing at a phenomenal rate, and most of the growth was organic. By the mid-1990s, Trabuco, now heading the financial planning division, had grown that unit into a highly profitable business, accounting for more than 25 percent of the firm’s total profits. In 2003, he was tapped to lead Bradesco’s insurance division.

Over the 2000s, he again proved himself and his vision, making Bradesco Seguros into the largest underwriter of retail insurance policies in the country. All of this phenomenal success eventually put Trabuco in line to be named successor to the departing CEO, Mario Cypriano.

Although Trabuco has faced some touch challenges as CEO and president, his vision of creating a banking services giant focused on delivering a superior customer experience has proven to be the best thing that’s ever happened to Bradesco.