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msadiqali
03-25-2013, 03:18 PM
US engineers body endorse bill for tough H1B visa rules - The Economic Times (http://economictimes.indiatimes.com/news/nri/visa-and-immigration/us-engineers-body-endorse-bill-for-tough-h1b-visa-rules/articleshow/19143735.cms)

sunny2007
03-25-2013, 07:06 PM
US engineers body endorse bill for tough H1B visa rules - The Economic Times (http://economictimes.indiatimes.com/news/nri/visa-and-immigration/us-engineers-body-endorse-bill-for-tough-h1b-visa-rules/articleshow/19143735.cms)

If they want to restrict Outsourcing companies to a certain extent , it's ok but to say there should not be consultants on H1 is bizarre. Without Consultants Silicon Valley can't work.

Let Engineers body work on below items.

-> First US should reduce Corporate Tax
-> Allow US Companies to repatriate with lower tax ( Top 10 US companies have nearly 1/2 Trillion Dollars outside US )
-> Spend more money on Schools & Colleges/Univ
-> Bring back Manufacturing jobs to US
-> Drill more wells for Oil/Gas
-> Use Natural Gas
-> Streamline Medicare , Social security ( otherwise US will become another Cyprus in 20 years , where Fed will take all your money above 100k :) , they can innovate and take all your 401k.)
-> Modify Obamacare so that the Health Insurance premiums don't double by next year.

deecha
03-26-2013, 01:57 PM
Just to clarify. The "Fed" is already taking your money indirectly :-).

I. How much interest do you get on your savings or checking (0.7% if that ??) vs how much the banks are lending that out ( >7%) ?
II. Printing money (also called "Quantitative Easing" QE .. lol I love Jargon :-))
III. Fudging the CPI and other indexes at artificial levels

Keep $100 in the bank. In 10 years it will be worth $10. They have taken your money without you being any wiser.

In Cyprus' case, the govt. was desperate because they couldn't wait 10 years (Otherwise there would be no government worth anything) that's why they had to resort to direct robbery vs indirect robbery for more stable governments.

The current model is unsustainable. :-)

See Eric Holders comment (http://dealbook.nytimes.com/2013/03/11/big-banks-go-wrong-but-pay-a-little-price/) that big banks cannot be prosecuted.

We are all fighting for immigration reform, but there is a huge financial problem brewing and if they don't do something about it, all this immigration stuff will be meaningless when the poo hits the fan.

If they want to restrict Outsourcing companies to a certain extent , it's ok but to say there should not be consultants on H1 is bizarre. Without Consultants Silicon Valley can't work.

Let Engineers body work on below items.

-> First US should reduce Corporate Tax
-> Allow US Companies to repatriate with lower tax ( Top 10 US companies have nearly 1/2 Trillion Dollars outside US )
-> Spend more money on Schools & Colleges/Univ
-> Bring back Manufacturing jobs to US
-> Drill more wells for Oil/Gas
-> Use Natural Gas
-> Streamline Medicare , Social security ( otherwise US will become another Cyprus in 20 years , where Fed will take all your money above 100k :) , they can innovate and take all your 401k.)
-> Modify Obamacare so that the Health Insurance premiums don't double by next year.

go_guy123
03-27-2013, 12:14 AM
Just to clarify. The "Fed" is already taking your money indirectly :-).

I. How much interest do you get on your savings or checking (0.7% if that ??) vs how much the banks are lending that out ( >7%) ?
II. Printing money (also called "Quantitative Easing" QE .. lol I love Jargon :-))
III. Fudging the CPI and other indexes at artificial levels

Keep $100 in the bank. In 10 years it will be worth $10. They have taken your money without you being any wiser.

In Cyprus' case, the govt. was desperate because they couldn't wait 10 years (Otherwise there would be no government worth anything) that's why they had to resort to direct robbery vs indirect robbery for more stable governments.

The current model is unsustainable. :-)

See Eric Holders comment (http://dealbook.nytimes.com/2013/03/11/big-banks-go-wrong-but-pay-a-little-price/) that big banks cannot be prosecuted.

We are all fighting for immigration reform, but there is a huge financial problem brewing and if they don't do something about it, all this immigration stuff will be meaningless when the poo hits the fan.

ECB doesn't have dual mandate like Fed. It doesn't have the unlimited ability to buy bonds that Feds has. ECB can't print money (electronic form) to infinity to keep buying government bonds till yields come down.


Yes are already ~4 years away from last recession. Now is the time for immigration reform. In the next 3-4 years we will see another one when the next bubble bursts in a sector where all these ocean of Fed money flows into.