As was widely expected, the European Central Bank cut interest rates for the first time in close to a year from 0.75% to 0.50%. The rate cut was driven by an economy in recession, with unemployment hitting a record high in April and inflation dropping the most in more than four years.

Related: U.S. Treasury Secretary Lectures Europe About The Stupidity Of “Austerity”

It’s yet another reminder that the eurozone crisis remains with us, although its flare-ups may be more infrequent as time drags on (an uncertain Italian election here, a Cyprus depositor haircut there).

Related: Cyprus Debacle Shows Not All Euros Are Equal

You may wonder why some EU countries would want to stick it out in the troubled economic and political union at this point. Especially with mounting euroskepticism places in a country like Britain – which is not bound by the euro – where the BBC reports disillusionment with the EU has been at an all-time high.

On the sidelines of the Milken Institute's 2013 Global

An estimated 11 million immigrants are living illegally in the U.S. That could change if Congress approves immigration reform, now making its way on the Hill.

The Senate has a bill developed by a bipartisan group of eight including Republican John McCain of Arizona and Democrat Michael Bennett of Colorado that would put undocumented immigrants on a 13-year path to U.S. citizenship.

The House favors a series of smaller bills rather than one big one and has proposals for a guestworker program in agriculture and for online verification (E-verify) of an immigrant’s status for employers.

Related: Immigration Reform Could Cost Social Security Billions

“By taking a fine-tooth comb through each of the individual issues within the larger immigration debate, it will help us get a better bill that will benefit Americans and provide a workable immigration system, Congressman Bob Goodlatte ( R-VA), chairman of the House Judiciary Committee, wrote in a letter to the Washington Post.

At the 2013