The Trump administration's move to separate immigrant parents from their children on the U.S.-Mexico border has grabbed attention around the world, drawn scorn from human-rights organizations and overtaken the immigration debate in Congress.
FILE - In this June 1, 2018, file photo, children hold signs during a demonstration in front of the Immigration and Customs Enforcement offices in Miramar, Fla. The Trump administration's move to separate immigrant parents from their children on the U.S.-Mexico border has turned into a full-blown crisis in recent weeks, drawing denunciation from the United Nations, Roman Catholic bishops and countless humanitarian groups. (AP Photo/Wilfredo Lee, File)
It's also a situation that has been brewing since the week President Donald Trump took office, when he issued his first order signaling a tougher approach to asylum-seekers. Since then, the administration has been steadily eroding protections for immigrant children and families.
"They're willing to risk harm to a child being traumatized, separated from a parent and sitting in federal detention by themselves, in order to reach a larger policy goal of deterrence," said Jennifer Podkul, director of policy at Kids in Need of Defense, which represents children in immigration court.
To those who work with immigrants, the parents' plight was heralded by a series of measures making it harder for kids arriving on the border to get released from government custody and to seek legal status here.
The administration has said the changes are needed to deter immigrants from coming here illegally. But a backlash is mounting, fueled by reports of children being taken from mothers and distraught toddlers and elementary school age children asking, through tears, when they can see their parents.
FILE - In this June 15, 2018 file photo, Chris Olson, of Lake Wallenpaupack, Pa., holds a sign outside Lackawanna College where U.S. Attorney Jeff Sessions spoke on immigration policy and law enforcement actions, in Scranton, Pa. (Butch Comegys/The Times-Tribune via AP, File)
About 2,000 children had been separated from their families over a six-week period ending in May, administration officials said Friday.
Among the parents caught up in the new rules is 29-year-old Vilma Aracely Lopez Juc de Coc, who fled her home in a remote Guatemalan village after her husband was beaten to death in February, according to advocates. When she reached the Texas border with her 11-year-old son in May, he was taken from her by border agents, she said.
Her eyes swollen, she cried when she asked a paralegal what she most wanted to know: When could she see her son again?
"She did not know what was going on," said paralegal Georgina Guzman, recalling their conversation at a federal courthouse in McAllen, Texas.
Similar scenarios play out on a daily basis in federal courtrooms in Texas and Arizona, where dozens of immigrant parents appear on charges of entering the country illegally after traveling up from Central America. More than the legal outcome of their cases, their advocates say, they're worried about their children.
Since Trump's inauguration, the administration has issued at least half a dozen orders and changes affecting immigrant children, many of them obscure revisions. The cumulative effect is a dramatic alteration of immigration policy and practice.
The measures require a senior government official to sign off on the release of children from secure shelters and allow immigration enforcement agents access to information about sponsors who sign up to take the children out of government custody and care for them.
The crackdown expanded in April, when the administration announced a "zero tolerance" policy on the border to prosecute immigrants for entering the country illegally in the hopes they could be quickly deported and that the swift deportations would prevent more people from coming.
Parents are now being arrested and placed in quick federal court proceedings near the border. Since children cannot be jailed in federal prisons, they're placed in shelters that have long existed for unaccompanied immigrant children arriving on the border alone.
The administration insists the new rules are necessary to send a message to immigrants.
"Look, I hope that we don't have to separate any more children from any more adults," Attorney General Jeff Sessions said last week. "But there's only one way to ensure that is the case: It's for people to stop smuggling children illegally. Stop crossing the border illegally with your children. Apply to enter lawfully. Wait your turn."
Immigration on the southwest border has remained high since the zero-tolerance policies took effect. Border agents made more than 50,000 arrests in May, up slightly from a month earlier and more than twice the number in May 2017. About a quarter of arrests were families traveling with children.
In addition to those trying to cross on their own, large crowds of immigrants are gathered at border crossings each day to seek asylum. Some wait days or weeks for a chance to speak with U.S. authorities. On a Texas border bridge, parents and children have been sleeping in sweltering heat for several days awaiting their turn.
Under U.S. law, most Mexican children are sent back across the border. Central American and other minors are taken into government custody before they are mostly released to sponsors in the United States.
The arrival of children fleeing violence in Central America is not new. President Barack Obama faced an even larger surge in border crossings that overflowed shelters and prompted the authorities to release many families. Nearly 60,000 children were placed in government-contracted shelters in the 2014 fiscal year.
Obama administration lawyers argued in federal court in Los Angeles against the separation of parents and children and in favor of keeping in family detention facilities those deemed ineligible for release.
Immigrant and children's advocates said the new measures are not only cruel but costly. They argued that children fleeing violence and persecution in El Salvador, Guatemala and Honduras will continue to come to the United States and remain in government custody longer, costing taxpayers more money.
The government pays more than $1 billion a year to care for unaccompanied immigrant children, Sessions has said.
In May 2014, the average length of stay for children in custody was 35 days. So far this fiscal year, it's taking 56 days for children to be released to sponsors — in most cases, their own relatives.
Many children were released to sponsors who did not have legal immigration status. That's yet another concern child advocates now have since the Trump administration is requiring fingerprints of sponsors and their household members and will turn that data over to the immigration agency in charge of deportations.
Advocates say the new information sharing might lead some parents to shy away from sponsoring their own children and ask others to do so, a situation that can lead to cases of trafficking or neglect.
Simon Sandoval-Moshenberg, legal director of the immigrant advocacy program at the Legal Aid Justice Center in Virginia, said he's never worked with immigrants who said U.S. policies influenced their decision to move. They are fleeing violence and persecution, and he doesn't see that changing even if the government deports parents.
"Look six months out from now," he said. "Are these moms going to stay in Guatemala? Hell no, they're going to come back looking for their kids."
OMAHA, Neb. (AP) — Warren Buffett's company reported a steep drop in earnings Saturday because the paper value of its investments fell and it sold off part of its massive Apple stake, but the tens of thousands of shareholders filling an Omaha arena to hear Buffett answer questions at the annual meeting later can take heart that Berkshire Hathaway's many businesses performed well.
Berkshire reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That's roughly one-third of the $35.5 billion, or $24,377 per A share, that Berkshire reported a year ago.
But those figures were heavily swayed by a large drop in the paper value of Berkshire's investments. That's why Buffett encourages investors to pay more attention to the conglomerate's operating earnings that exclude the investment figures. By that measure, Berkshire's operating earnings jumped 39% to $11.222 billion from last year's $8.065 billion as its insurance companies led a strong performance.
The three analysts surveyed by FactSet Research had predicted operating earnings of $6,701.87 per Class A share.
Buffett did sell off nearly $6 billion in stocks during the quarter, including trimming about 13% of Berkshire's massive Apple stake. The investment in the iPhone maker is still the biggest one in the $364 billion portfolio at $135.4 billion, and Buffett said he expects Apple to remain the biggest investment for years — even up to when his successor takes over.
But the estimated value of Berkshire's Apple stake suggests that Buffett sold off more than 100 million shares. Buffett has said he invested in Apple's stock because of how devoted consumers are to the iPhone and other Apple products.
Apple CEO Tim Cook, who is at the Berkshire meeting, told CNBC that he still considers it a privilege to have Berkshire as a major shareholder, and he knew about the sales before Berkshire disclosed them Saturday.
Berkshire reported a $2.6 billion underwriting profit at its insurers, up from $911 million a year ago.
BNSF railroad's profits did disappoint and drop 8% to $1.143 billion, but most of its many other companies delivered solid results, including a 72% jump in operating profits at the utility unit that added $717 million to Berkshire's total.
Berkshire's revenue grew 5% to $89.87 billion in the quarter. The two analysts who reported estimates to FactSet predicted $87.044 billion revenue.
With no major acquisitions in sight, Berkshire's massive cash pile continued to grow to a record $188.993 billion in the quarter. Berkshire even spent $2.6 billion repurchasing shares during the first three months of the year, but its companies that include Geico insurance, BNSF railroad, several major utilities and an assortment of dozens of others keep generating mountains of cash.
“We’d love to spend it but we won’t spend it unless we’re doing something with very little risk that will make us a lot of money,” Buffett said.
Tens of thousands filled the arena eager to vacuum up tidbits of wisdom from billionaire Warren Buffett, who famously dubbed the meeting ‘Woodstock for Capitalists.’
But a key ingredient is missing this year: It’s the first meeting since Vice Chairman Charlie Munger died.
The meeting opened with a video tribute to Munger recounting his life and highlighting some of his best known quotes from the meetings over the years that drew applause, including classic lines like “If people weren't so often wrong, we wouldn't be so rich.” The video also featured old interviews with Buffett and Munger talking about their epic friendship.
The video also featured several of the classic skits the investors made for meetings over the years with hoiliday stars like a “Desperate Housewives” spoof where one of the women introduced Munger as her boyfriend and another video where Jaimie Lee Curtis swooned over Munger.
As the video ended, everyone in the arena gave Munger a prolonged standing ovation to thank him for being what Buffett called "the architect of Berkshire Hathaway.
For decades, Munger shared the stage with Buffett every year for the marathon question and answer session that is the event's centerpiece. Munger routinely let Buffett take the lead with expansive responses that went on for several minutes. Then Munger himself would cut directly to the point. He is remembered for calling cryptocurrencies stupid, telling people to “marry the best person that will have you” and comparing many unproven internet businesses in 2000 to “turds.”
He and Buffett functioned as a classic comedy duo, with Buffett offering lengthy setups to Munger's witty one-liners. Together, they transformed Berkshire from a floundering textile mill into a massive conglomerate made up of a variety of interests, from insurance companies such as Geico to BNSF railroad to several major utilities and an assortment of other companies.
Munger often summed up the key Berkshire’s success as “trying to be consistently not stupid, instead of trying to be very intelligent.” He and Buffett also were known for sticking to businesses they understood well.
“Warren always did at least 80% of the talking. But Charlie was a great foil,” said Stansberry Research analyst Whitney Tilson, who was looking forward to his 27th consecutive meeting with a bit of a heavy heart because of Munger's absence.
That absence, however, may well create space for shareholders to get to know better the two executives who directly oversee Berkshire's companies: Ajit Jain, who manages the insurance units, and Greg Abel, who handles everything else. Abel will one day replace the 93-year-old Buffett as CEO. Abel and Jain are sharing the main stage with Buffett for the first time this year in the spot Munger used to occupy.
The first time Buffett kicked a question to Abel, he mistakenly said “Charlie?” out of habit.
Morningstar analyst Greggory Warren said he hopes Abel will speak up more this year and let shareholders see some of the brilliance Berkshire executives talk about. Ever since Munger let it slip at the annual meeting three years ago that Abel would be the successor, Buffett has repeatedly reassured investors that he's confident in the pick.
Experts say the company has a solid culture built on integrity, trust, independence and an impressive management roster ready to take over.
“Greg's a rock star,” said Chris Bloomstran, president of Semper Augustus Investments Group. "The bench is deep. He won’t have the same humor at the meeting. But I think we all come here to get a reminder every year to be rational.”
For more AP coverage of Warren Buffett look here: https://apnews.com/hub/warren-buffett. For Berkshire Hathaway news, see here: https://apnews.com/hub/berkshire-hathaway-inc. Follow Josh Funk online at https://www.twitter.com/funkwrite and https://www.linkedin.com/in/funkwrite.
From left, D'Ann Rhoten takes a photo of Brittany Thornton and Melissa Shapiro in the exhibit hall of the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Amy Keady of Frederick, Maryland, holds her son, Ben, 11, as they wait in line outside the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Jennifer Cua of Las Vegas sits with her purchases from Squishmallows during the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Shareholder Tina Schmidt of Cozad, Neb., wears a shirt with Warren Buffett's portrait in the style of an Andy Warhol painting at he Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
See's Candies associates, including Holly Pellicano of San Francisco, center, do yoga together before shareholders arrive for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Bart Macdonald of New York City takes photos of the BNSF Railway model train display during the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Valerie Deichert of Omaha, left, assists shareholders with their purchases from the Oriental Trading booth during the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Shareholders find their seats for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Harold and Caroline Ernst of St. Louis chat with fellow shareholders as they wait for the Berkshire Hathaway annual meeting to begin on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Michelle King of San Francisco does yoga in the See's Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Berkshire Hathaway shareholders pose with the mascot for one of its companies, Oriental Trading, while the more famous spokeslizard for Geico insurance looms over their shoulder, Friday, May 3, 2024, in Omaha, Neb. CEO Warren Buffett will spend hours answering questions at the meeting on Saturday. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders pose with a cutout poster of CEO Warren Buffett Friday, May 3, 2024, in Omaha, Neb., inside the exhibit hall in Omaha where Berkshire companies sell their products. Buffett will spend hours answering questions at the meeting Saturday. (AP Photo/Josh Funk)
Daegwon Kim of South Korea, who arrived in line at 3:30 a.m., takes photos of the crowd behind him outside the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Berkshire Hathaway Vice Chairman Greg Abel poses with shareholders Friday, May 3, 2024, in Omaha, Neb. Abel is set to be the next CEO after Warren Buffett is gone. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders watch a model BNSF train run past a model town filled with other Berkshire companies Friday, May 3, 2024, in Omaha, Neb. Buffett will spend hours answering questions at a meeting Saturday. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders line up to take selfies with Greg Abel Friday, May 3, 2024, in Omaha, Neb. Abel will one day replace Warren Buffett as CEO. (AP Photo/Josh Funk)
Berkshire Hathaway investment manager Ted Weschler, center, talks with Brooks Running CEO Dan Sheridan, Friday, May 3, 2024, in Omaha, Neb., one day ahead of the annual shareholders meeting. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders pose with a cutout poster of CEO Warren Buffett, Friday, May 3, 2024, in Omaha, Neb., one day ahead of the annual shareholders meeting. (AP Photo/Josh Funk)
Berkshire Hathaway Vice Chairman Greg Abel poses for pictures with shareholders while touring the booths Berkshires companies set up, Friday, May 3, 2024, in Omaha, Neb. Abel will succeed Warren Buffett as CEO one day. (AP Photo/Josh Funk)
Berkshire Hathaway Vice Chairman Greg Abel checks out the flight simulators offered by one of Berkshires companies, Flight Safety as he toured the exhibit hall Friday, May 3, 2024, in Omaha, Neb. ahead of Saturday's meeting. Abel is set to succeed Warren Buffett as CEO one day. (AP Photo/Josh Funk)
