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Topic: US Economy sinks in to Recession!!!!!!!!!
with absolute nonsense from october bulletin by USCIS and senate commitee not taking any decision on recapturing bill, US economy is sinkingb deeply into recession.
Its extremely difficult to recover the economy unless they pass recapture bill
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Is that why Indian Rupee value depreciates so deeply?
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with absolute nonsense from october bulletin by USCIS and senate commitee not taking any decision on recapturing bill, US economy is sinkingb deeply into recession.
Its extremely difficult to recover the economy unless they pass recapture bill
its time they outsource uscis ............ |
i think they will be more efficient if they outsource USCIS!!!!
hahahhaha
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You think, they understand the prominence of it ...with this little brain, i can understand that if GC's are given to good earning people who are on H1B, they can float money into the market which can eventually help the economy... will they think it this way?
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You think, they understand the prominence of it ...with this little brain, i can understand that if GC's are given to good earning people who are on H1B, they can float money into the market which can eventually help the economy... will they think it this way?
I bet they won't.
Besided, I would say that the number of earning people would be too less to make an impact as such to bail the economy. But I sure would buy a home if they give me a GC... :( |
If Given GC how many people you think will buy home 10%, 20%......?
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If Given GC how many people you think will buy home 10%, 20%......?
all of them, bcos we r work as contrctors, once gc we get, we get ft job and settle down permntly, so buying home is essential |
Add on ,even we can create more jobs in US by starting new business or co.
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Add on ,even we can create more jobs in US by starting new business or co.
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Ofcourse, but not the same consulting jobs where employers are just the middle men....something new something good where we are not the scavengers....
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Add on ,even we can create more jobs in US by starting new business or co.
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Ofcourse, but not the same consulting jobs where employers are just the middle men....something new something good where we are not the scavengers....
no he mean, business in terms of real state, more boost to economy by giving cheap homes |
I don't think you guys/gals who haven't bought a house will even make even a dent in the housing market.
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Ha Ha Ha....
that would mean a more lala attitude .. where "paisa bolta hai" .. (money speaks)
One case approval 5lacs.
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with absolute nonsense from october bulletin by USCIS and senate commitee not taking any decision on recapturing bill, US economy is sinkingb deeply into recession.
Its extremely difficult to recover the economy unless they pass recapture bill
You're funny. The economy is *not* in deep recession. Recession, technically, yes. Deep recession, no. The government has just bailed out Fannie Mae and Freddie Mac. Given how the European and Japanese markets are, US is not too bad. Over the next two years, rate of job creation would be slow and hence the growth would be slow. H1B workers help the US economy by paying $10,000 or more in taxes every year, but I don't think their impact is mainly monetary, it is in keeping the US businesses agile and competitive.
How many people get their GC and immediately buy 6 kiosks in mall? I know many. No need to even talk about Gas stations/convenience stores. That *hurts* less educated US citizens. So the situation is not as clean as you make it out to be :) |
I don't think you guys/gals who haven't bought a house will even make even a dent in the housing market.
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Any basis for your analysis...if the immigrants/non-immigrants can't make a difference to this country...then why do u think are they being allowed to enter?what ever it may be but I surely believe if all the Indians go back to their home country then there will be a BIG DENT here ofcourse you will call it a BLACK HOLE instead of DENT.
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I don't think you guys/gals who haven't bought a house will even make even a dent in the housing market.
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Any basis for your analysis...if the immigrants/non-immigrants can't make a difference to this country...then why do u think are they being allowed to enter?what ever it may be but I surely believe if all the Indians go back to their home country then there will be a BIG DENT here ofcourse you will call it a BLACK HOLE instead of DENT.
why don't you show me the total amount of visas that will be recaptured compared to the $5.3 billion in losses Lehman did.
the reason H1-B s are allowed to enter is because they provide a tax base w/o having to pay back benefits. I've been paying for the past 7 years so I would know. |
kerstbrd, I agree with your assertion. However, I would like to add that after contributing 40 points, which means working for 10 years for most of us, you would be eligible for SS benefits. Whether the SS funds run out before you need them is quite another matter though :)
For the other taxes, you receive the same privileges as citizens -- such as good law and order situation, clean neighborhoods (sounds funny if you live in NJ), making sure restaurants are hygienic, (in some places) good education for your children, city attorneys etc. I just wanted people of be aware of that.
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Whether the SS funds run out before you need them is quite another matter though :)
Man this is bale out country.
Maybe you hear 'profits are privatijed, losses are socialijed'
Bare Sterns
Fraudy Mac
Phoney Mae
?
?
Social Secruty system.
No probelm for you man,
You retire,
SS bank rupt,
young workers bale it out.
Paul Son jhindabaad.
Clinton murdabaad.
Laughing
:-) |
We are not that big to make an impact on the economy. Please, if you thinking we make a big difference, I should say, we literally don't matter when it comes to the economy. An employment based immigrant is not the best person to spend. He/she is solely trying to settle here and if you are buying a house or a boat, it is mere peanuts.
And immigrants don't factor anywhere in the political scene.
If we need to think big about ourselves, then it should be just the technological skills we posses that drives more than half of the Software industry. And if those software companies are showing loses, then there is meaning in saying there is the dent that we caused.
But that ain't happening.
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i think they should allow every applicant to adjudicate his case and print the GC at home
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FYI, the bulletin is not created by the USCIS. It is created by the State Department based on consular and USCIS demand.
with absolute nonsense from october bulletin by USCIS and senate commitee not taking any decision on recapturing bill, US economy is sinkingb deeply into recession.
Its extremely difficult to recover the economy unless they pass recapture bill
|
We are not that big to make an impact on the economy. Please, if you thinking we make a big difference, I should say, we literally don't matter when it comes to the economy. An employment based immigrant is not the best person to spend. He/she is solely trying to settle here and if you are buying a house or a boat, it is mere peanuts.
And immigrants don't factor anywhere in the political scene.
If we need to think big about ourselves, then it should be just the technological skills we posses that drives more than half of the Software industry. And if those software companies are showing loses, then there is meaning in saying there is the dent that we caused.
But that ain't happening.
a future immigrant community of 300000 is not a small thing |
We may not be big.. but we are not small either... Each one of us have a huge potential to put money in market.. whether its on renting, housing or just shopping (electronics, gifts)... With decent cash reserve we can make hell lot of difference in this recession... Why immigrants have so much cash.. because they didn't spent it so far due to job insecurity and lack of base (GC)...
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i think they should allow every applicant to adjudicate his case and print the GC at home
I think many like me will buy this printer or share of it even for a one time use for a decent fees... USCIS should expedite 485 and charge expedited fees of $1000... and raise 5 millions easily... or can sell USCIS shares... Everyone must buy USCIS shares after getting GC in 3 months to make GC permanent :-)
Or something like... pay $1000 to count pre-GC stay in US towards some % towards citizenship eligibility... I think people here for last 10 years or so will gladly pay $5000 to apply for citizenship immediately.. Though there would be another back log in forming :-) |
It's not all about money, my friend. It's all about protecting their race. That's what Republicans stand for. They are white supremacists under cover.
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We are not that big to make an impact on the economy. Please, if you thinking we make a big difference, I should say, we literally don't matter when it comes to the economy. An employment based immigrant is not the best person to spend. He/she is solely trying to settle here and if you are buying a house or a boat, it is mere peanuts.
And immigrants don't factor anywhere in the political scene.
If we need to think big about ourselves, then it should be just the technological skills we posses that drives more than half of the Software industry. And if those software companies are showing loses, then there is meaning in saying there is the dent that we caused.
But that ain't happening.
Mr. Papa, you have house or rental apartemt? |
1. I dont go to Italy for a vacation by taking equity loan on my house.
2. I try to pay off my home loan by cutting down my weekly outings to a max of 1.
3. I dont drive a Hummer just becasue i can not affford it but just because i dont need it.
4. I dont maintain 4 pets for the heck of maintaining them
5. i dont max out my credit cards to payoff my home rent in Beverly hills
6. I follow my own simple economics for a decent living as opposed to a lavish life style.
7. I try to save money for a rainy day by using a good finance plan for the long run
8. i never live off of my credit just becasue a stupid bank is giving me all the money. I am the reason for my finances. I am a proud immigant
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I140RFEPainful, a lot of your points can be rephrased to be negative to you. All in fun, remember. Examples:
1. I go to the state parks, take lots of photos and show them off when I go to India, passing myself off as a veteran hiker/climber. I don't care for other cultures. I know mine is best. When I travel, I plan my trip so I can spend every night with a "friend".
2. I sit home and watch movies that rent or air for free. If I go out, it is only with a 2 for 1 coupon or other substantial discounts.
3. I drive a Toyota Camry with 125,000 miles because that's what all my friends drive.
4. I don't see the reason for having a pet. Back home, all I had to do was step outside my house!
5. The idea of being in debt is scary. I got in debt to get here and am still paying it off.
6. I eat daal and rice and not get enough nutrition. I look like a zucchini because I have no muscles and a sagging tummy
7. I save money by wearing and then returning Wal-Mart clothes so I can send my $1000 home every month
8. See 5.
No offense meant, just jesting ;) The Duality Principle.
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they should encourage peer review (anonymous) of GC applications by fellow qualified applicants...just like in scientific publications :)...it will be free adjudication and hopefully fair...reviewers must have filed GC and qualify by taking an online test based on knowledge needed for adjudication of cases.
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It is not duality of principle but total negativity in your thinking towards immigrants life in USA. Your idea of being or pretending yourself to be so called an “American” is really forcing your thinking to take odd n weird twists n turns.
You are trying to trash out other immigrant’s life style by feeling superior for no reason. This syndrome is called inferiority complex in other cultures.
I dont remember i have done any of the things you mentioned above but still have a decent life in US ... did u ?:)..
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It is not duality of principle but total negativity in your thinking towards immigrants life in USA. Your idea of being or pretending yourself to be so called an “American” is really forcing your thinking to take odd weird twists n turns.
You are trying to trash out other immigrant’s life style by feeling superior for no reason. This syndrome is called inferiority complex in other cultures.
No, all I am saying is that you are bashing others' lifestyle and they can bash yours too, very simply. What makes you think you are superior (or inferior) to US citizens? Why criticize others? If you're happy with your lifestyle, nothing else should matter. Peace :)
Note that I mentioned Indian as nationality because that is mine, so as not to offend you. |
oh filipino guy he was jk
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they should encourage peer review (anonymous) of GC applications by fellow qualified applicants...just like in scientific publications :)...it will be free adjudication and hopefully fair...reviewers must have filed GC and qualify by taking an online test based on knowledge needed for adjudication of cases.
I've reviewed journal papers, and you won't believe what gets published. It matters a lot who you know, not what you know. It is hard to find qualified reviewers for every submission, because there are way too many journals and way too many authors. The field is really crowded. However, I am all for any improvement over the USCIS "gut feeling". |
i laugh at u ... how people could be so naive .... Bashing life style ...hmmmmm.. I thought u r some one living in US and have applied for GC .... Do u know the reason for this subprime crash down and US economy in recession etc etc ..ringing any bells???
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i laugh at the how people could be so naive .... Bashing life style ...hmmmmm.. I thought u r some one living in US and have applied for GC .... Do u know the reason for this subprime crash down and US economy in recession etc etc ..ringing any bells???
Market cycles are normal. A lot of people get caught in irrational exuberance. Remember the crash of South East Asian Tigers in 1997? It happens. Frugality is good, but the French save 13% of their income and the Germans 12% -- yet their economies are not doing well for years. It's no wonder that world's largest temp staffing agency is French! On the other hand, US savings rate is -7% (that minus is no mistake) and the US economy has done well. So think again beyond simplistic explanations :)
The economy has gone into recession because innovation and technology have eliminated a lot of jobs. A new cycle of innovation will create more jobs. |
filipino guy, u sound very arrogant. dnt forget u came to this country as ordinry guy...u seem to be a victim of I.C
are u sure u had enough toys to play with back home when u was a kid???
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I donno from where u got all these figures... probably year 1900 S&P figures... Ask the French and German in this forum on why they want to move to US ... Market cycles are normal but what we are going though is far from reality and totally abnormal cycle for this period. Total mistake of Banks, less govt intervention in the beinging of 2000s...and ofcourse totally irrational life styles of people.
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I donno from where u got all these figures... probably year 1900 S&P figures... Ask the French and German in this forum on why they want to move to US ... Market cycles are normal but what we are going though is far from reality and totally abnormal cycle for this period. Total mistake of Banks, less govt intervention in the beinging of 2000s...and ofcourse totally irrational life styles of people.
You amuse me. Very few French people move to the US. A good number of Germans do, but that's because of lifestyle issues. The figures are quite recent; do your research and find out for yourself.
What we are going through is *reality*. I live in So Cal and I know I can't afford a house for another 2-3 years. That hurts. If I had come to the US 10 years ago, I'd be rich if only from the housing appreciation. It made many people rich. Most of those who got hurt were those caught in the cusp (those who bought at the peak). Don't lose perspective. It's unfair to berate use of credit in the US when you yourself (and I too) grew up when credit was very very expensive and generally unavailable. There are good sides to credit.
I think the government should let the greedy and unscrupulous banks fail. That's how capitalism works. People are irrational. If everyone was rational, there won't be much money to be made with stocks. I do agree with you that the greedy people who bought homes knowing fully well they couldn't afford it should not be bailed out. That's how personal responsibility works. What is happening now is the government trying to limit the damage using taxpayer dollars including ours. I don't like it. But people learn from mistakes and this crisis will not recur. |
sisyphus - You are right in stating the tax and SS benefit details. However, I can quote two areas, where I'm suffering, and there may be many more:
Even though I filed 485, I can't get FAFSA approved for my son's education. Over and above, if I go for a student loan, I can't get it because that need a GC holder or permanent citizen to sign. In absence of this, there is only one loan - through credit cards, with heavy interest. I pay high fees as international student... You may be knowing that after you file 485, you can't change to F1. I pay insurance for repatriation of body-remains to home country, even though we all leave here in US. We have EAD, but the kids can't get many summer intern jobs, because they are reserved for citizens/GC holders. I'm loosing good amount of money due to this "education" issue, which otherwise would have been saved for the retirement.
Second, in last one year due to DMVs rule, I have paid at least $40 for renewal of drivers license because they are renewing only up to the validity of EAD, and I have to keep paying it, unless I get GC.
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am36, you're absolutely right. I hate having to renew mine and my wife's DL based on EAD. I've had to renew 3 times in the past 2 years. However, I think you would agree that it's a minor annoyance, and the misery should be less frequent since there are 2 year EADs now.
The high cost of education is certainly a blight. The US universities make a lot of money from those who can (or can be made to) pay international rate. I've paid the out of state tuition for myself once, and it really hurt. I clearly see how that hurts your family's savings rate, even though you can claim some tax credit (Hope or others). I am not sure why anyone in your family with EAD cannot do internships and other jobs: isn't that the whole idea of EAD?
I hope you get your GC soon and start paying in-state tuition.
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I think the government should let the greedy and unscrupulous banks fail. That's how capitalism works. People are irrational. If everyone was rational, there won't be much money to be made with stocks. I do agree with you that the greedy people who bought homes knowing fully well they couldn't afford it should not be bailed out. That's how personal responsibility works. What is happening now is the government trying to limit the damage using taxpayer dollars including ours. I don't like it. But people learn from mistakes and this crisis will not recur.
people should learn from mistakes ... this is exactly what i was saying all through and what you are trying to oppose.
what all govt is now doing is after the fact... You ( me ) are the reason for your(my) finances, not govt or banks. The very reason we ( i am not sure about you but most immigrants)are in this crisis now with pending GC and job fears , is the bad choices people and banks made in early 2000s and the impact on economy just beacuse of thier life styles. I could have bought a house myslef and foreclosed today , but thats not how i grew up. I never lived off of my credit but again i am not speaking for every immigrant. Credit is good but only when used wisely which most american dont. 10 houses in everyy1000 houses is in foreclosed state today
I still wonder how people like you think what you think in the bigger perspective losing focus on inherent reality and current days picture. |
sisyphus, very nice reply. I laughed a lot to see your responses.
I140RFEPainful, a lot of your points can be rephrased to be negative to you. All in fun, remember. Examples:
1. I go to the state parks, take lots of photos and show them off when I go to India, passing myself off as a veteran hiker/climber. I don't care for other cultures. I know mine is best. When I travel, I plan my trip so I can spend every night with a "friend".
2. I sit home and watch movies that rent or air for free. If I go out, it is only with a 2 for 1 coupon or other substantial discounts.
3. I drive a Toyota Camry with 125,000 miles because that's what all my friends drive.
4. I don't see the reason for having a pet. Back home, all I had to do was step outside my house!
5. The idea of being in debt is scary. I got in debt to get here and am still paying it off.
6. I eat daal and rice and not get enough nutrition. I look like a zucchini because I have no muscles and a sagging tummy
7. I save money by wearing and then returning Wal-Mart clothes so I can send my $1000 home every month
8. See 5.
No offense meant, just jesting ;) The Duality Principle.
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I think the government should let the greedy and unscrupulous banks fail. That's how capitalism works. People are irrational. If everyone was rational, there won't be much money to be made with stocks. I do agree with you that the greedy people who bought homes knowing fully well they couldn't afford it should not be bailed out. That's how personal responsibility works. What is happening now is the government trying to limit the damage using taxpayer dollars including ours. I don't like it. But people learn from mistakes and this crisis will not recur.
people should learn from mistakes ... this is exactly what i was saying all through and what you are trying to oppose.
what all govt is now doing is after the fact... You ( me ) are the reason for your(my) finances, not govt or banks. The very reason we ( i am not sure about you but most immigrants)are in this crisis now with pending GC and job fears , is the bad choices people and banks made in early 2000s and the impact on economy just beacuse of thier life styles. I could have bought a house myslef and foreclosed today , but thats not how i grew up. I never lived off of my credit but again i am not speaking for every immigrant. Credit is good but only when used wisely which most american dont. 10 houses in everyy1000 houses is in foreclosed state today
I still wonder how people like you think what you think in the bigger perspective losing focus on inherent reality and current days picture.
I see that you feel cheated because you lived by the book but feel that you got the short shrift, and I don't blame you for that. There always were job fears when your LC was pending, so nothing new there: only difference is that you're in it. You will not get far with your communist ideas blaming people for being materialistic and causing economic slowdown. Sure, people made bad choices, they always have and alarmingly often.
I totally don't understand your Hegelian obscure concept of "inherent reality". What is? You came at me from economics point of view, so how about this: We don't know the underlying process, and we cannot even control it in the strict sense. There's no point blaming others for this plight. Don't you think there could be other reasons for recession ?
1. Increasing oil price due to increased demand by China and India
2. Shock effect of technological innovations in 1990s is wearing off
3. Increased competition from Japanese and Korean automakers
4. Increased mental trauma from the overly sanitized and idealized society, creating a silent suffering population
Remember, the main reason for the housing crisis was that people had nowhere else to invest their money after the dot-com bubble. So they went in for a real estate frenzy. It had nothing to do with people, but with *speculators*. The people you berate so would not be able to afford a lifestyle beyond their means if the speculators had stayed away. The banks did not follow the standard process in valuing Mortgage-backed securities because Wall Street wanted quick bucks. They did wrong, for sure, and should be penalized.
I don't want to discuss this further with you as you ignore logical and rational arguments and cling to your twisted Communist-Anarchist-Hermit value system. Capitalism passes uncertainty to *individuals* and provides individual freedoms, whereas communism eliminates uncertainty for individuals, thus providing stability but little individual freedom. |
sisyphus! Recently US companies have been given an instruction by government to give priority to US citizens (includes GC holders), and therefore they have asked specially that only US citizen to apply apply. They don't consider EAD holder for such jobs.
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sisyphus! Recently US companies have been given an instruction by government to give priority to US citizens (includes GC holders), and therefore they have asked specially that only US citizen to apply apply. They don't consider EAD holder for such jobs.
I did not know that. Why do they issue EADs in that case, one might ask. |
sisyphus! Recently US companies have been given an instruction by government to give priority to US citizens (includes GC holders), and therefore they have asked specially that only US citizen to apply apply. They don't consider EAD holder for such jobs.
I did not know that. Why do they issue EADs in that case, one might ask.
Well, that cannot be true for nurses like me. There isn't enough number of American workers available to fill the nursing shortage. |
lol.. july31 ----- There isnt enough workers in Many fields , so are we having these many H1s/ L1s etc etc
Sisyphus - You complete George Bush Jr with a W
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I am not saying there isn't shortage in other fields.
It is just that nurses are certified by DOL as shortage that's why for us, there's no need for Labor Certification. We go directly to i-140 filing.
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