Economy of the United States – Author Carlo Carrasco

Prime Minister Takaichi Spotlights Strong Ties with Trump During Meeting

September 24, 2026September 23, 2026carlocarrasco

As planned, Japanese Prime Minister Takaichi Sanae met with US President Donald Trump in New York to emphasize the strong bilateral relations before the arrival of China’s president, according to a news report by Kyodo News. Together they discussed several key issues such as the security environment in Asia, Japan’s industry, and more.

To put things in perspective, posted below is an excerpt of the Kyodo News report. Some parts in boldface…

Japanese Prime Minister Sanae Takaichi met with U.S. President Donald Trump on Tuesday to demonstrate the strength of bilateral relations, just a day before Chinese leader Xi Jinping arrives in Washington for his first state visit in 11 years.

During a meeting in New York, Takaichi and Trump discussed “various issues concerning China, including economic security” and agreed to further strengthen the deterrence and response capabilities of the Japan-U.S. alliance, the Japanese government said.

Takaichi told Trump that the security environment in Asia and elsewhere is becoming increasingly severe, and that she wanted to show the world “how robust our alliance is through holding another round of meetings.”

Takaichi’s roughly 35-minute meeting with Trump, held on the sidelines of the U.N. General Assembly, was intended to coordinate on China and align policies in areas of mutual interest, according to Japanese officials.

“Thanks to Donald’s leadership and also my own leadership, our bilateral economic security cooperation in areas such as AI, semiconductors and critical minerals has been steadily advancing,” Takaichi also said in front of the press ahead of their closed-door discussions.

Trump also praised his counterpart, saying, “She’s done a great job” and that he has been keeping a close eye on her high approval ratings.

“The industry in Japan is doing very well. The country is doing very well. It’s a very big improvement, and it’s an honor to be with her,” Trump said.

“She’s a friend of mine. We got to know each other very well over the last period of time,” he said of Japan’s first female premier, who took office nearly a year ago. “She’s going to be a great prime minister.”

The meeting was their first since March, when she visited the U.S. capital. They spoke for about five minutes on the margins of a Group of Seven summit in June in France.

Japan and China have been in a diplomatic freeze since Takaichi suggested in November that an attack on Taiwan could constitute an existential threat to her country and warrant a response from its armed forces.

Infuriated by her statement, China, which views Taiwan as part of its territory, has since unleashed a series of political and economic reprisals against Japan, including export restrictions on rare earths needed to manufacture various high-tech products.

China has shown no sign of easing tensions with Japan, with Beijing prioritizing a managed detente with Washington. The Trump administration is concerned about the knock-on impact of the restrictions on U.S. supply chains.

With trade and artificial intelligence likely to top the agenda at the Trump-Xi summit at the White House on Thursday, the officials had said Takaichi would likely use the meeting with Trump to discuss China’s export controls and Tokyo’s willingness to boost cooperation on emerging technologies with Washington.

During their talks, Takaichi and Trump also reaffirmed the two countries’ commitment to the complete denuclearization of North Korea and had a candid discussion of U.S. sanctions against International Criminal Court officials, according to the government.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the strong ties between the United States and Japan will eventually have a positive impact on international affairs, the security in Asia and other developments? Do you think the US-Japan alliance will push China back from locking in crucial supply chains and infrastructure projects of sovereign nations?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Japan’s Kikkoman Opens 3rd American Plant to Meet Growing North American Demand

September 21, 2026September 20, 2026carlocarrasco

Kikkoman Corp. – the Japan-based food manufacturer and world’s largest producer of soy sauce – formally launched its third American plant in the state of Wisconsin to meet the growing demand in North America, according to a Jiji Press news article. This is the latest development of Japanese companies (or subsidiaries) investing in the United States.

To put things in perspective, posted below is the entire news article of Jiji Press. Some parts in boldface…

Japanese soy sauce maker Kikkoman Corp. on Friday held an opening ceremony for its third U.S. plant in Jefferson, Wisconsin.

During the ceremony at the new plant, Yuzaburo Mogi, honorary CEO of Kikkoman, said that the company will increase soy sauce production to meet the growing demand in North America.

The third plant has already begun operating and will start shipping products in October. It is scheduled to produce some 4,000 kiloliters of soy sauce by March next year.

Kikkoman is also considering producing teriyaki sauce and “ponzu” citrus-flavored sauce at the plant in the future.

Other attendees at the ceremony included Kikkoman President and CEO Shozaburo Nakano and Senior Executive Corporate Officer Osamu Mogi, as well as local representatives.

Let me end this piece by asking you readers: What is your reaction to this development? If you are based in the United States, how many Kikkoman products do you have in your kitchen right now? Is Kikkoman your first choice whenever you look for soy sauce?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Hitachi to Build $528-million Transformer Manufacturing Plant in America

September 17, 2026September 16, 2026carlocarrasco

Hitachi Energy Ltd. – a global leader in energy technology and electrification – announced yesterday that it will invest almost $530 million to construct a transformer manufacturing plant in the state of Mississippi in the United States, according to a news article by Jiji Press. The investment is to help meet the rising power demand as the use artificial intelligence (AI) keeps on rising.

Hitachi Energy Ltd. is the energy arm of the Hitachi Group with over a century of innovation, and a long list completed projects that helped people for their access to dependable energy.

To put things in perspective, posted below is the entire news article of Jiji Press. Some parts in boldface…

Hitachi Energy Ltd. said Wednesday that it will invest 528 million dollars to build a transformer manufacturing plant in Mississippi to meet surging U.S. power demand amid wider use of artificial intelligence.

The Swiss unit of Hitachi Ltd. expects the plant to more than double its production capacity compared with an existing transformer plant in Mississippi. Construction of the new plant will begin later this year, with production scheduled to start in 2029.

The new plant will be “the cornerstone” of Hitachi Energy’s 1.5-billion-dollar U.S. investment plan, the company said.

In September last year, Hitachi Energy said it would invest 1 billion dollars in the United States. It later expanded the plan as Japan pledged to make 550 billion dollars in investment and loans to the United States as part of a bilateral trade agreement.

Let me end this piece by asking you readers: What is your reaction to this development? Do you consider this new investment by Hitachi a crucial one in relation to the rising demand for power in the United States? Are you hoping that the bilateral trade agreement between the United States and Japan will create economic and energy breakthroughs for Americans in the near future?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Full Lifting of Import Ban on US Fresh Potatoes Could Happen in Japan

September 4, 2026September 4, 2026carlocarrasco

The Ministry of Agriculture in Japan is advancing procedures that could lead to the full lifting of the import ban on fresh potatoes from the United States as a crucial briefing will happen this month, according to a news article by Jiji Press.

This is the latest development about US fresh potatoes following the authorities’ response to an official request from Washington. It has officially been documented that the production of fresh potatoes in Japan reached 2,236,458.75 metric tons in 2024 which pales in comparison with the 4.1 million metric tons achieved in 1986.

To put things in perspective, posted below is the entire news article of Jiji Press. Some parts in boldface…

Japan is advancing procedures that could lead to the full lifting of its ban on imports of fresh potatoes from the United States, even as concerns persist about quarantine issues and the impact on Japanese farmers’ livelihoods.

Last Friday, the agriculture ministry announced that it would hold a briefing this month on pests and diseases identified as possibly posing a threat to domestic agriculture if they arrive in the country on potatoes. It plans to then begin considering specific quarantine measures before making a final decision on whether to allow imports.

While lifting the import ban could take several years, many are wary about allowing potatoes from the United States, one of the world’s biggest producers.

“We will approach the discussions with resolve,” agriculture minister Norikazu Suzuki told a press conference Friday.

Japan in principle bans imports of fresh potatoes to prevent pest infestations. However, an exemption to the ban was granted in 2006 for U.S. potatoes used to make potato chips.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think chances are good that Japan will lift the ban on the importation of fresh potatoes from the United States? Do you think having more American fresh potatoes in the Japan market will seriously disrupt the livelihoods of Japanese farmers? Do you think Japan’s farmers have what it takes to significantly boost potato production by hundreds of thousands in metric tons per year in the short term?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Japan and America Agree to Intensify Cooperation in Space Transport Business

September 3, 2026September 2, 2026carlocarrasco

In due time, space will be the new frontier of engaging in business and the transportation of people, cargo and the different forms of hardware. That said, the United States and Japan are moving towards that new frontier as they signed the memorandum of cooperation on space transportation business, according to news report by Kyodo News.

To put things in perspective, posted below is the entire news report of Kyodo News. Some parts in boldface…

Japan and the United States have agreed to further enhance cooperation in the space transportation business by standardizing part of the review procedures when Japanese firms launch rockets from U.S. sites and vice versa, Japan’s Cabinet Office said Tuesday.

Japan’s National Space Policy Secretariat and the U.S. Federal Aviation Administration signed a memorandum of cooperation on Monday, also aimed at streamlining regulations and intensifying information sharing.

“We would like to build a system adaptable to space business, which is widely expanding in a variety of forms,” said Takatsugu Ryuzaki, director general of the secretariat in charge of the country’s space development and utilization, after the signing.

With several spaceport projects underway in Japan, including in Kochi and Oita prefectures, the two sides will discuss guidelines for space business operators setting out specific requirements for spaceports.

In addition to rocket launches, the two security allies are considering connecting Japanese and U.S. cities via suborbital flights at an altitude of around 100 kilometers.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think this new agreement by Japan and America will lead to breakthroughs of space transportation business within your lifetime? Do you think other nations will follow the standards of America and Japan on space business? Does your country have any existing spaceports?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Venezuela’s Acting President Thanks Trump and Rubio for Oil Deal

September 2, 2026September 1, 2026carlocarrasco

The United States and Venezuela signed a major deal regarding oil and Venezuelan Acting President Delcy Rodriguez is thankful to President Donald J. Trump and State Secretary Marco Rubio for it, according to a news report by Newsmax.

To put things in perspective, posted below is an excerpt of Newsmax’s report. Some parts in boldface…

Venezuelan acting President Delcy Rodriguez thanked President Donald Trump and Secretary of State Marco Rubio for the oil agreement between the two countries.

The deal drew rave reviews from conservatives and criticism from Democrats.

“That is why we chose the path of diplomacy with the United States of America, to transform our differences into cooperation. And that cooperation into investment, production, well-being, and concrete results for Venezuelans,” Rodriguez said in a televised address Saturday.

“I thank President Donald Trump, Secretary Rubio, and his government for the efforts made by both their administration and ours, as well as the entire Venezuelan team that dedicated their time to reaching this agreement,” she said.

Rodriguez said the pact would run 25 years and target production of more than 1.5 million barrels a day.

She said Venezuela would receive about $19 a barrel, which could generate more than $209 billion for the state.

“It’s no use having our oil reserves underground just so they appear in a statistic or an accounting record and we can say we’re the country with the world’s largest reserves when we can’t convert them into development for Venezuela,” she said.

“Our reserves must be transformed into well-being, prosperity, and happiness for this country and enable us to restore our productive capacity so that we can establish ourselves as an energy and manufacturing powerhouse.“

Rodriguez added that the change would strengthen energy security in the Western Hemisphere and promote greater stability and balance in global energy markets.

Trump announced the agreement Friday, calling it “THE BIGGEST OIL DEAL IN WORLD HISTORY!”

It covers 65 billion barrels of proven reserves across 17 fields, with the U.S. receiving 55% of output, including an ownership stake.

The White House has described 100-year development rights, a term Rodriguez did not repeat.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US-Venezuela oil deal will be beneficial for both nations? Do you think the deal will help America economically in the long run? What is your view of Venezuela since the dictator Nicolas Maduro was removed by America?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Joint Yen-Buying By Japan And America Confirmed

August 4, 2026August 3, 2026carlocarrasco

For the first time in fifteen years, Japan and the United States conducted a joint buying of Yen following the Japanese currency’s continued weakness to the U.S. Dollar which Finance Minister Satsuki Katayama confirmed yesterday, according to a Kyodo News report. The Yen fell to almost 164 to the U.S. Dollar on July 23.

To put things in perspective, posted below is an excerpt from the report of Kyodo News. Some parts in boldface…

Japan and the United States conducted coordinated yen buying Friday, Finance Minister Satsuki Katayama said, their first joint market intervention in 15 years, with the two nations ready to act again if necessary.

The intervention during New York trading on Friday came after the yen hit 163.99 to the U.S. dollar on July 23, its weakest level in around 40 years, amid mounting fears about Prime Minister Sanae Takaichi’s expansionary but vaguely funded fiscal policy.

“This joint action was taken pursuant to the U.S.-Japan Finance Ministers’ Joint Statement issued in September 2025 and countered the excessive volatility and disorderly movements of the Japanese yen in recent months,” Katayama said in a statement on Monday.

“The Japanese Ministry of Finance remains attentive and in close communication with our counterparts at the U.S. Treasury. We will not hesitate to conduct a further joint intervention,” she added.

After warnings by Katayama and U.S. Treasury Secretary Scott Bessent of additional action to prevent the Japanese currency from depreciating, the yen briefly surged to the lower 155 level from the upper 157 range on Monday morning.

While joint currency interventions by the countries are usually reserved for emergencies, Japan has been struggling with the yen’s depreciation, which has increased import costs, threatening to accelerate inflation and jack up yields on long-term Japanese government bonds.

Washington is also believed to be wary of rising long-term Japanese interest rates pushing up U.S. rates before the congressional midterm elections in the fall, analysts said.

The previous Japan-U.S. intervention was carried out to stem the yen’s rise after the massive earthquake and tsunami in northeastern Japan in March 2011.

Katayama told reporters in Tokyo that Friday’s coordination between Japan and the United States was aimed at linking Tokyo’s “economic security to its unwavering alliance” with Washington.

She stressed the countries’ “close coordination” since the release of their joint statement last September, which confirmed interventions should be reserved for combating excessive volatility as well as “disorderly depreciation or appreciation.”

Japanese and U.S. authorities have pledged to take decisive action “against disorderly moves at any time,” Katayama said.

Atsushi Mimura, Japan’s top currency diplomat, called the latest coordinated intervention a “completed form” of the Japan-U.S. currency alliance, emphasizing the two countries would continue to respond “without missing a beat.”

Saying Japan “wanted a little bit of help,” President Donald Trump indicated Sunday in the United States that Washington had conducted a yen-buying intervention at the request of Takaichi’s government. He told reporters the action would benefit his nation economically.

He added, “We’re always there for Japan. Japan’s been very good to us, with the exception, of course, of Pearl Harbor,” referring to Japan’s 1941 surprise aerial attack on a naval base in Hawaii that resulted in the U.S. entry into World War II.

In New York on Friday, the yen surged to the lower 157 level against the dollar, with Japanese government sources confirming a yen-buying intervention by currency authorities.

The move came after the yen briefly soared to the 157 range Thursday, gaining nearly 5 yen in about 50 minutes before dropping back to the 160 level, as a result of a currency intervention by Japan later confirmed by market and government sources.

On Sunday, Bessent wrote on social media that the intervention “countered disorderly yen movements,” adding the United States would “not hesitate” to conduct further joint currency intervention with Japan, echoing Katayama.

He also said, “We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen.”

Let me end this piece by asking you readers: What is your reaction to this development? What do you think the joint buying of Yen by the US and Japan will lead to further stabilization economically in the short term? Do you think this joint move will somehow boost both nation’s economies?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Japan Determining Lifting Import Prohibition On Fresh US Potatoes

July 28, 2026July 27, 2026carlocarrasco

Fresh potatoes from the United States could potentially enter Japan’s markets this year as the authorities are assessing the quarantine risks and the concerns raised by Japanese potato farmers, according to a news report by NHK World. The Japanese authorities received a request from Washington regarding American potatoes which led to the ongoing assessment.

To put things in perspective, posted below is the excerpt of the NHK World report. Some parts in boldface…

Japan is taking steps that could lead to it fully opening its market to fresh US potatoes, following a request from Washington.

Japan bans imports of raw potatoes due to concerns over pests and disease, except for some sourced from the United States to be used exclusively for potato chips.

The agriculture ministry is currently assessing the quarantine risks posed by American potatoes, the third step in an 11-stage process before all restrictions can be lifted.

Officials plan to complete the risk assessment as early as this summer, and move on to identifying the pests and diseases that need to be dealt with.

Demand for fresh potatoes is rising in Japan, as domestic production has been on the decline.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think Japan’s agriculture ministry will even allow full market opening to fresh potatoes from the United States? What do you think is the reason why Japan’s domestic production of fresh potatoes has declined?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

American Investors To Explore Mega Infrastructure, Energy Deals And Other Opportunities In The Philippines

July 4, 2026July 3, 2026carlocarrasco

Several business executives and investors from the United States are set to visit the Philippines next week to explore investment opportunities in the nation’s infrastructure sector, energy sector, and more, according to a news report by the Manila Bulletin. The American investors will engage with their Filipino counterparts during the planned 5-day trade mission.

To put things in perspective, posted below is the excerpt from the report of the Manila Bulletin. Some parts in boldface…

More than 25 American business executives and investors will visit the country next week for a business mission as the United States (US) seeks to deepen its economic ties with the Philippines, which recently secured upper-middle-income status.

In a statement, the Department of Trade and Industry (DTI) said the US business delegation would mount a five-day trade mission across major economic areas in the Philippines from July 6 to 10.

The delegation includes business leaders and investors from the Northeast and Midwest regions of the US. The mission is organized by the DTI’s Philippine Trade and Investment Center (PTIC) in New York and the Philippine Consulates General in New York and Chicago.

The DTI said the business mission aims to strengthen economic ties between the two longtime trade partners while also encouraging US companies to invest more in the country’s growing economy.

Based on the latest country income classifications of the World Bank, the Philippines has moved up from lower-middle-income to upper-middle-income status. This was based on the country’s gross national income (GNI) per capita estimate for 2025, which reached a record $4,850.

The DTI noted that the upcoming visit also comes at a time when the Philippines is actively positioning itself as a key partner for US companies looking to expand in Asia.

During the business mission, the US delegation will meet with Philippine government leaders and local business owners to explore business, tourism, and investment opportunities.

The US business leaders will also attend business meetings, informational briefings, and tours of key economic areas in Manila, Clark, Subic, and Corregidor.

Let me end this piece by asking you readers: What is your reaction to this development? Do you see a promising future between the United States and the Philippines when it comes to economics and investment under the leadership of US President Donald Trump? Are you convinced the corruption within the Philippines is no longer a turn-off for American investors?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Illegal Alien In America Sentenced To 8 Years In Prison Over $89 Million Fraudulent Payroll Scheme

July 2, 2026July 1, 2026carlocarrasco

There is no denying the fact that fraud and other forms of crime went up in the United States whenever illegal aliens get involved. Recently an illegal alien was sentenced to eight years in prison for his involvement in an $89 fraudulent payroll scheme that saw illegal alien construction workers and their employers evade taxes, according to a news report by Breitbart. The convicted illegal alien criminal is from Honduras.

To put things in perspective, posted below is the excerpt from the report of Breitbart. Some parts in boldface…

An illegal alien has been sentenced to eight years in federal prison for his involvement in an $89 million fraudulent payroll scheme that saw illegal alien construction workers and their employers evade taxes.

“Today, we held an illegal alien from Honduras accountable for a brazen scheme that stole more than $38 million from American taxpayers to facilitate the employment of illegal aliens,” Assistant Attorney General Colin McDonald said.

“This case exposes how unchecked illegal immigration fuels widespread payroll tax fraud and underground economies that harm American workers and taxpayers,” McDonald said. “This sentence sends a strong message: Those who exploit our open borders, cheat the U.S. Treasury, and violate federal laws will face justice.”

Department of Justice (DOJ) officials detailed how the illegal alien helped operate the payroll scheme through several maneuvers to ensure that illegal construction workers were kept off the books:

According to court documents and statements made in court, from 2015 to 2022, Mario Flores, of Honduras, an illegal alien, conspired with others to create a series of shell companies to run an unlicensed check cashing and cash courier service business. These shell companies cashed approximately $89 million in checks from subcontractors in the construction industry, charging them a percentage of the dollar amount of the checks they cashed as a fee for this service. Through this scheme, construction contractors and subcontractors paid their workers in cash without withholding and paying required payroll taxes, allowing them to operate without regard to the workers’ legal authority to work in the United States. Flores also caused the filing of false tax documents with the IRS to conceal the scheme.

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In addition, Flores and his conspirators defrauded workers’ compensation insurance companies by leasing their certificates of insurance to contractors and by providing false and fraudulent information to the insurers about, among other things, the number of workers covered by the insurance and the amount workers were paid.

“Homeland Security Investigations is committed to protecting the integrity of our financial system and enforcing our nation’s laws,” HSI’s John Condon said. “Those who orchestrate large-scale payroll tax fraud and facilitate the illegal employment of unauthorized workers will be held accountable.”

Flores pleaded guilty to one count of conspiracy to defraud the U.S. government and one count of conspiracy to operate an unlicensed money transmitting business.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think America still has a lot more illegal aliens working in construction and committing fraud to this day? Do you think illegal aliens are obsessed committing fraud and harming American workers and taxpayers?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

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