smisachu
03-18 10:39 AM
[QUOTE=h1techSlave;231111]I have listened to a couple of speaches by Bernake in NPR. Basically that guy is completely in the blank on how to handle the economy. He simply says, we are in this mess, because the lenders were very lenient. Fed measures such as interest rate cut and pumping money into the banking system is causing the dollar to fall thus further weakening the economy.
Dude; not that your idea is bad, but don�t come up with assumptions that the fed chairman is clueless!! He has been handling the crisis extremely satisfactorily. So far he has proved to be a good chairman and similar to Greenspan and Volker.
You have to understand derivatives and structured investment vehicles to understand what the economy is facing. The risk of sub prime CDO's has been spread thorough out the credit markets. Just imagine Bear Stearns which has a head quarters building in NYC worth $1 billion was sold for $236 Mil. Yankees pay A-Rod more than that. This will tell you how the valuation of derivatives has depleted cash flow and liquidity of a wall street titan which had stood through the great depression, 2 world wars, market crashes in the 1970's, 87, 01 and recessions in between.
Google "Long term Capital management (LTCM)" and study their history you will see what derivatives are capable of. Warren buffet calls derivatives "Financial instruments of mass destruction".
So the man is faced with such a mess, don�t insult his intelligence by making unwarranted statements.
Dude; not that your idea is bad, but don�t come up with assumptions that the fed chairman is clueless!! He has been handling the crisis extremely satisfactorily. So far he has proved to be a good chairman and similar to Greenspan and Volker.
You have to understand derivatives and structured investment vehicles to understand what the economy is facing. The risk of sub prime CDO's has been spread thorough out the credit markets. Just imagine Bear Stearns which has a head quarters building in NYC worth $1 billion was sold for $236 Mil. Yankees pay A-Rod more than that. This will tell you how the valuation of derivatives has depleted cash flow and liquidity of a wall street titan which had stood through the great depression, 2 world wars, market crashes in the 1970's, 87, 01 and recessions in between.
Google "Long term Capital management (LTCM)" and study their history you will see what derivatives are capable of. Warren buffet calls derivatives "Financial instruments of mass destruction".
So the man is faced with such a mess, don�t insult his intelligence by making unwarranted statements.
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gc_coming
09-24 01:05 PM
and yes I agree, I dont mind going back to india.. My only problem is that we are expecting our first baby in 3 months and doctor has advised us not to travel during the third trimester.
go_guy123
07-02 11:27 AM
If DOJ agress what is being done based on country of origin is unjust, in what way can they help?
Can they ask congress to act? can they order USCIS to recapture lost visas?
DOJ does not ask congress to act. They directly give orders to executive branch that is USCIS in this case, based on their judgment..
Can they ask congress to act? can they order USCIS to recapture lost visas?
DOJ does not ask congress to act. They directly give orders to executive branch that is USCIS in this case, based on their judgment..
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cowboy
07-19 10:17 AM
EB2/USPS certified delivered on 02-Jul-07 12.45 pm JULY CURRENT(as per USPS tracking no. confirmation)
BUT I GOT HOLD OF PS 3811 FORM WHICH IS TYPICALLY GREEN FORM RECEIVING GUY SIGNS HAS STAMP OF 062907. EVEN THOUGH IT REACHED ON JULY 02
EXPLAINATION I GOT FROM USPS CUSTOMER SERVICE THAT JULY 02 BEING THE FIRST DAY AFTER LONG WEEKEND THE GUY MIGHT HAVE FORGOTTEN TO CHANGE THE DATE.
I AM WORRIED HE MIGHT HAVE NOT STAMPED THE SAME DATE ON MY APPLICATION. IN THAT CASE IT WILL BE RETURNED.
SINCE MINE REACHED AT 12.45 PM I AM THINKING THERE SHOULD BE BUNCH OF APPLICATION REACHED BEFORE THAT WILL HAVE SIMILLAR WRONG STAMP ON DELIVERY RECEIPT.
IS ANYBODY AWARE OF THAT?
BUT I GOT HOLD OF PS 3811 FORM WHICH IS TYPICALLY GREEN FORM RECEIVING GUY SIGNS HAS STAMP OF 062907. EVEN THOUGH IT REACHED ON JULY 02
EXPLAINATION I GOT FROM USPS CUSTOMER SERVICE THAT JULY 02 BEING THE FIRST DAY AFTER LONG WEEKEND THE GUY MIGHT HAVE FORGOTTEN TO CHANGE THE DATE.
I AM WORRIED HE MIGHT HAVE NOT STAMPED THE SAME DATE ON MY APPLICATION. IN THAT CASE IT WILL BE RETURNED.
SINCE MINE REACHED AT 12.45 PM I AM THINKING THERE SHOULD BE BUNCH OF APPLICATION REACHED BEFORE THAT WILL HAVE SIMILLAR WRONG STAMP ON DELIVERY RECEIPT.
IS ANYBODY AWARE OF THAT?
more...
gc_on_demand
07-30 11:08 PM
There were many I-485 applictions from EB2 ROW from 2005/2006/2007/2008 pending (some stuck in namecheck, some just filled in rack and some waiting an IO). All these applications where getting approved in 2009. Recent trend 2008/2009 I-485 EB2 ROW apps are getting approved (meaning not many old apps left).
Going forward EB2 India/China should see forward movement (and if i can esitimate right big numbers for year 2010 if recession continues).
It could be true that those ROW app will be around 22k so no cut off dates adn there will be very less spill this year. So really slowdown in economy helped them a lot. Next year if economy continue to be slow then it may help india lot. but not 100% it will clear backlog.
We need recapture to clear all backlog.
Going forward EB2 India/China should see forward movement (and if i can esitimate right big numbers for year 2010 if recession continues).
It could be true that those ROW app will be around 22k so no cut off dates adn there will be very less spill this year. So really slowdown in economy helped them a lot. Next year if economy continue to be slow then it may help india lot. but not 100% it will clear backlog.
We need recapture to clear all backlog.
Winner
04-02 04:49 PM
Dude, i dunno about this...
But this guy was correct for the last month about the retrogression about EB3-ROW....
BR
Even a broken clock is right twice a day. I just think it�s a waste of time 'predicting'
Anyways, don't you think we should behave a little better in public forums? (I'm referring to the language in your post)
But this guy was correct for the last month about the retrogression about EB3-ROW....
BR
Even a broken clock is right twice a day. I just think it�s a waste of time 'predicting'
Anyways, don't you think we should behave a little better in public forums? (I'm referring to the language in your post)
more...
GCBy3000
07-25 03:42 PM
Dont forget to consider 20K members of IV and the poll participation is 1-2%. So this poll is just for fun.
DELIVERED ON 02-July-2007 447 71.18%
DELIVERED AFTER 02-July-2007 181 28.82%
Obviously those polls are not going to get you anywhere.
its a waste of time and effort to come up with numbers because nobody will ever be able to come up with the right numbers including USCIS. So whats the point. Just have a kingfisher and chill. Please close this thread
DELIVERED ON 02-July-2007 447 71.18%
DELIVERED AFTER 02-July-2007 181 28.82%
Obviously those polls are not going to get you anywhere.
its a waste of time and effort to come up with numbers because nobody will ever be able to come up with the right numbers including USCIS. So whats the point. Just have a kingfisher and chill. Please close this thread
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Macaca
06-15 06:38 PM
Immigration Agency Mired In Inefficiency (http://immigrationvoice.org/forum/showpost.php?p=72776&postcount=1208) By Spencer S. Hsu (http://projects.washingtonpost.com/staff/email/spencer+s.+hsu/) Washington Post Staff Writer, May 28, 2007
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unitednations
03-16 02:22 AM
Welcome back UN. One question. Does the USCIS have ability to check credit histroy.
There is nothing in the law; where USCIS can deny a person's 485 due to bad credit. Therefore, they wouldnt' have any interest in checking this.
They are on record that they will check publicly available information in help adjudicating cases. They usually; do this on h-1b petitions. They'll check the company web-site; company registration; whether office is in a house, virtual office, web-site of company giving purchase order, etc. They frequently quote whatever they find in denying cases.
I actually came across a case where a company had 14- denied for ability to pay.
There was a merger between companies and the new company filed the 140 using old companies labor.
In denial; USCIS said they didn't believe the merger because a search of the california business portal showed that the old company renewed their business registratoin (evidence that it wsas still in business);
since, president of the company had same name last name as person being sponsored; USCIS actually retrieved the president of the companies greencard applicatoin from 10 years earlier and quoted that the candidate and president were brothers because according to their g-325a's they had the same parents. They denied the ccase and invalidated the labor due to this.
I remember back in 1994; IRS said that they were going to check peoples credit applications and comparing to peoples tax returns; they were going to try to compare the income people listed on their tax returns to what they were putting on their credit applications.
If USCIS was going to try to get credit files; it would be in order to compare work/address history with what a person has put in their applications. However, they have a lot of other ways to verify this that they wouldn't need to go to a persons credit file. I know with the economy the way it is; people seem to be worried that declaring bankruptcy or having negative credit history affects their 485. However, not paying debts isn't considered criminal that it would impact a persons applications.
There is nothing in the law; where USCIS can deny a person's 485 due to bad credit. Therefore, they wouldnt' have any interest in checking this.
They are on record that they will check publicly available information in help adjudicating cases. They usually; do this on h-1b petitions. They'll check the company web-site; company registration; whether office is in a house, virtual office, web-site of company giving purchase order, etc. They frequently quote whatever they find in denying cases.
I actually came across a case where a company had 14- denied for ability to pay.
There was a merger between companies and the new company filed the 140 using old companies labor.
In denial; USCIS said they didn't believe the merger because a search of the california business portal showed that the old company renewed their business registratoin (evidence that it wsas still in business);
since, president of the company had same name last name as person being sponsored; USCIS actually retrieved the president of the companies greencard applicatoin from 10 years earlier and quoted that the candidate and president were brothers because according to their g-325a's they had the same parents. They denied the ccase and invalidated the labor due to this.
I remember back in 1994; IRS said that they were going to check peoples credit applications and comparing to peoples tax returns; they were going to try to compare the income people listed on their tax returns to what they were putting on their credit applications.
If USCIS was going to try to get credit files; it would be in order to compare work/address history with what a person has put in their applications. However, they have a lot of other ways to verify this that they wouldn't need to go to a persons credit file. I know with the economy the way it is; people seem to be worried that declaring bankruptcy or having negative credit history affects their 485. However, not paying debts isn't considered criminal that it would impact a persons applications.
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bagha
08-26 10:21 AM
...try there. I got my license from Wayne showing my receipt notice.
Note: there're 2 DMVs in Wayne. Go to the regional centre (on RT 23)
Note: there're 2 DMVs in Wayne. Go to the regional centre (on RT 23)
more...
mhkumar
02-18 01:57 PM
I filed FOIA request for my i-140 approval notice(using i-140 receipt #) and I got the response from USCIS. Surprisingly they said they were not able to find my approval
notice. They could find my i-140 petition and sent me copies to 2 pages from
the petition. I am not sure why they couldn't find the approval notice.
I double checked my FOIA request and I mentioned the receipt number correctly.
On the USCIS case status page, it clearly shows that i-140 is approved.
I have the i-i40 receipt notice. Are there any alternatives?
notice. They could find my i-140 petition and sent me copies to 2 pages from
the petition. I am not sure why they couldn't find the approval notice.
I double checked my FOIA request and I mentioned the receipt number correctly.
On the USCIS case status page, it clearly shows that i-140 is approved.
I have the i-i40 receipt notice. Are there any alternatives?
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chanduv23
05-13 12:33 PM
Sorry to hear about such cases. We all have to realize one thing here. The employers need us equally bad as we need them (more often than not, not talking about Indian consultancies here). If ever one encounters such racial discrimination and open abuse at the work place, the best recourse is to file a complaint with the higher ups in the HR, start searching for another employer and ditch the current racist employer at the right moment with an appropriate email sent to everyone detailing why the person is leaving at such an important phase of the product development. Yeah, this might sound un-ethical, but sometimes situations do demand such drastic measures to send the right message. That's when all these racist employers would realize the importance of the person that just left the company. Then they can try to fill in the position with their preferred race qualified person and see how difficult that gets!!
Better still, please talk to your friends and family in other parts of the US and find the areas in the US that are cosmopolitan and try to move to those places. Yeah that is very difficult in the short-term, but in the long-run, you would have peace of mind and a good quality of life after making such a move. Fortunately, i am in the Bay area and i have rarely encountered such racial prejudices out here. Just my two cents.
Good luck.
I did the same thing. I was under racial attack and complained to the HR, was on my 6th year of h1b. I did not get any justice, the HR was also having the same opinion, was talking about Indians in the company on h1b and all issues associated the and she said she has 14 years of experience dealing with this and knows how to fix this problem. I was kicked out of the company. No look back at all. I pleaded, told her I will take back my complaint and will not complain but no use. They terminated my employment and could never never fill that position again, but the company did not survive for long though.
I moved to desi consulting after that and things started going a lot better with a understanding employer and I am doing better now.
Fellas - watch out, especially those working in BPO etc.. where they have to deal with abusive clients...
Recently, I stopped taking all these racial comments in a serious way, 2 days back my co worker made comments on how my "curry smells" when eat at my desk. My wife wakes up early in the morning and cooks the food with so much love and affection and I eat that, whereas he eats burgers and fries from cafeteria - look at who is commenting??????
Better still, please talk to your friends and family in other parts of the US and find the areas in the US that are cosmopolitan and try to move to those places. Yeah that is very difficult in the short-term, but in the long-run, you would have peace of mind and a good quality of life after making such a move. Fortunately, i am in the Bay area and i have rarely encountered such racial prejudices out here. Just my two cents.
Good luck.
I did the same thing. I was under racial attack and complained to the HR, was on my 6th year of h1b. I did not get any justice, the HR was also having the same opinion, was talking about Indians in the company on h1b and all issues associated the and she said she has 14 years of experience dealing with this and knows how to fix this problem. I was kicked out of the company. No look back at all. I pleaded, told her I will take back my complaint and will not complain but no use. They terminated my employment and could never never fill that position again, but the company did not survive for long though.
I moved to desi consulting after that and things started going a lot better with a understanding employer and I am doing better now.
Fellas - watch out, especially those working in BPO etc.. where they have to deal with abusive clients...
Recently, I stopped taking all these racial comments in a serious way, 2 days back my co worker made comments on how my "curry smells" when eat at my desk. My wife wakes up early in the morning and cooks the food with so much love and affection and I eat that, whereas he eats burgers and fries from cafeteria - look at who is commenting??????
more...
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sgupta33
10-05 11:26 AM
Government of Power?
GOP refers to Grand Old Party. It is the term used since 1880 to refer to the Republican party.
GOP refers to Grand Old Party. It is the term used since 1880 to refer to the Republican party.
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mrdelhiite
07-02 04:07 AM
We mailed my wife's PP on the 29th. I spoke to the customer service rep at USCIS and he said post mark date is what they see. But I have been seeing other websites say that its got to be received. Thats doesnt sound logical. So wait and watch I guess.
it has to reach USCIS by 29th ... those customer reps are so ignorent if you call them today and ask about when is the getting suspended they will say they have no clue.... dont believe them ...it is effective july 2. Sorry to give you the bad news.
-M
it has to reach USCIS by 29th ... those customer reps are so ignorent if you call them today and ask about when is the getting suspended they will say they have no clue.... dont believe them ...it is effective july 2. Sorry to give you the bad news.
-M
more...
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eb2waiter
05-28 06:16 PM
You should rather analyze how many people from India made innovations like starting a company, a technology, patenting a process etc, on H1B versus on GC?.
Innovation starts when slavery ends. Free thinking and ideas arise often even on H1B, but people can easily act on them when not having to worry about getting kicked out of the country. For your information there are a LOT of companies (and patents) started by Indians who have made it big here. Most of them came on H1B. Similarly there are a lot of companies in the tech area that are starting up in India.
Again best and brightest does not mean innovation and patents alone. It can also refer to the ability to solve existing problems, design processes that need not be patentable.
Hi,
I found this interesting comment from a blog. It has been posted by an H.R. representative who has access to H1B and GC users' records. The points raised are indeed valid and they seem to have a 'case' against us. I do not by any means want to undermine our efforts but it does provide a perspective from the 'citizens' perspective.
The bill would also drastically increase the number of H-1B visas issued to foreign professional workers. As a Human Resources representative, I see first hand how the H-1B visa and employment based green card programs actually work together to drive U.S. white collar workers from their jobs and even from their careers. To begin with, there is virtually nothing in the law that prevents employers from hiring H-1Bers for open positions even if qualified Americans are available and willing to do the work. Americans are routinely laid off and replaced with lower paid H-1Bers also. In these cases, Americans have practically no legal recourse available under current law. H-1B is also a dual intent visa, so an employer may sponsor an H-1Ber for an EB green card for legal permanent resident status. When a company seeks to sponsor a foreign worker for an EB green card, they are required by law to demonstrate a good faith effort to recruit Americans first. This process is called labor certification. But employers routinely game the labor certification process for green card sponsorship to defraud even well qualified citizen job applicants in favor of low wage foreigners. They use fake job ads and/or bad faith interviews of American citizens to convince the federal government that they tried to find American workers first. These practices are common in high tech and even in some non-tech industries, but HR people are told to keep quiet about it or lose their jobs.
I would be in favor of a program that issues a small number of self-sponsoring green cards for truly innovative foreign nationals on a competitive basis. But very few of the H-1Bers or green card applicants that I have seen in 10+ years even come close to being truly innovative. Most are just practitioners with skills that are actually quite common among the domestic workforce. The only thing special about these foreigners is that they will work for substantially less than Americans in order to have a chance to become legal permanent residents. Thus they are used by management to sweeten corporate balance sheets.
The prevailing wage regulations are supposed to insure that foreign nationals are paid the same as their American counterparts in the same job functions, but these regulations are so riddled with loopholes that they are a bad joke.
Since my work allows me to have access to salary records, I can tell you that the labor cost savings for H-1Bers and green card applicants is substantially greater than the costs of filing the applications with the government.
Citizens should demand that both the H-1B and employment based green card programs be abolished in their current form.
My point is if we check our credentials, how many of us are 'true' innovators? I know I am not, I am an expert in what I do and am an asset to my company but I haven't filed any patents or publications which would be the true requirement for this country. My skills are indeed readily available in domestic workers as well. Could that be the reason for the backlog in EB-3 and none in EB-1? So do we need to do a reality check here? Just wondering if this could be the reason why we're getting a raw deal. Could it be that 'highly skilled' is not enough but 'genius' and 'highly skilled' is what's required here? Just a thought.
Innovation starts when slavery ends. Free thinking and ideas arise often even on H1B, but people can easily act on them when not having to worry about getting kicked out of the country. For your information there are a LOT of companies (and patents) started by Indians who have made it big here. Most of them came on H1B. Similarly there are a lot of companies in the tech area that are starting up in India.
Again best and brightest does not mean innovation and patents alone. It can also refer to the ability to solve existing problems, design processes that need not be patentable.
Hi,
I found this interesting comment from a blog. It has been posted by an H.R. representative who has access to H1B and GC users' records. The points raised are indeed valid and they seem to have a 'case' against us. I do not by any means want to undermine our efforts but it does provide a perspective from the 'citizens' perspective.
The bill would also drastically increase the number of H-1B visas issued to foreign professional workers. As a Human Resources representative, I see first hand how the H-1B visa and employment based green card programs actually work together to drive U.S. white collar workers from their jobs and even from their careers. To begin with, there is virtually nothing in the law that prevents employers from hiring H-1Bers for open positions even if qualified Americans are available and willing to do the work. Americans are routinely laid off and replaced with lower paid H-1Bers also. In these cases, Americans have practically no legal recourse available under current law. H-1B is also a dual intent visa, so an employer may sponsor an H-1Ber for an EB green card for legal permanent resident status. When a company seeks to sponsor a foreign worker for an EB green card, they are required by law to demonstrate a good faith effort to recruit Americans first. This process is called labor certification. But employers routinely game the labor certification process for green card sponsorship to defraud even well qualified citizen job applicants in favor of low wage foreigners. They use fake job ads and/or bad faith interviews of American citizens to convince the federal government that they tried to find American workers first. These practices are common in high tech and even in some non-tech industries, but HR people are told to keep quiet about it or lose their jobs.
I would be in favor of a program that issues a small number of self-sponsoring green cards for truly innovative foreign nationals on a competitive basis. But very few of the H-1Bers or green card applicants that I have seen in 10+ years even come close to being truly innovative. Most are just practitioners with skills that are actually quite common among the domestic workforce. The only thing special about these foreigners is that they will work for substantially less than Americans in order to have a chance to become legal permanent residents. Thus they are used by management to sweeten corporate balance sheets.
The prevailing wage regulations are supposed to insure that foreign nationals are paid the same as their American counterparts in the same job functions, but these regulations are so riddled with loopholes that they are a bad joke.
Since my work allows me to have access to salary records, I can tell you that the labor cost savings for H-1Bers and green card applicants is substantially greater than the costs of filing the applications with the government.
Citizens should demand that both the H-1B and employment based green card programs be abolished in their current form.
My point is if we check our credentials, how many of us are 'true' innovators? I know I am not, I am an expert in what I do and am an asset to my company but I haven't filed any patents or publications which would be the true requirement for this country. My skills are indeed readily available in domestic workers as well. Could that be the reason for the backlog in EB-3 and none in EB-1? So do we need to do a reality check here? Just wondering if this could be the reason why we're getting a raw deal. Could it be that 'highly skilled' is not enough but 'genius' and 'highly skilled' is what's required here? Just a thought.
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rimzhim
02-07 01:50 PM
I got EB2 140 approval (I have BS + 5 years of experience)
This is becoming very hard now especially at Nebraska. just wanted those sending applications now to know that Nebraska has recently rejected hundreds of (i) EB2 cases with x yrs of experience + BS even when x is 10 and (ii) EB-1 cases even with Ph.Ds (this accding to my lawyer.)
This is becoming very hard now especially at Nebraska. just wanted those sending applications now to know that Nebraska has recently rejected hundreds of (i) EB2 cases with x yrs of experience + BS even when x is 10 and (ii) EB-1 cases even with Ph.Ds (this accding to my lawyer.)
more...
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snehaledu
04-14 11:12 AM
IT and BPO outsourcing is also leading to Americanization of Indian youth and Indian youth are spending their high salaries on American products. In no time you will see American fast food chains, groceries, and many American MNCs cashing on a Americanized Indian crowd and neutralize ( and will eventually exceed the investments they make).
This is the beginning of Americanization. Most of you will not understand what I say because you are here in US for a long time and being first generation immigrants (on a limbo) keep up with your tradition. Americanization is like a slow bleed. IT and BPO is investment. Returns will come in form of MNCs and businesses and finally benefit American economy.
Just go back to India and look into the ITand BPO companies and lifestyles of people there. it will be 5 times higher than what we follow here as the Americanization is already induced.
Bottomline, do not underestimate America. They know what they do.
You are right they know what they do but it will be beneficial for US economy only. In terms to USD to INR, we will lose. Check the history and present.
In case of Japan, Yen was fixed to 360 Y to 1 $ in 1949.
�By 1971 the yen had become undervalued. Japanese exports were costing too little in international markets, and imports from abroad were costing the Japanese too much. This undervaluation was reflected in the current account balance, which had risen from the deficits of the early 1960s to a then-large surplus of U.S. $5.8 billion in 1971. The belief that the yen, and several other major currencies, were undervalued motivated the United States' actions in 1971.�
�Following the United States' measures to devalue the dollar in the summer of 1971, the Japanese government agreed to a new, fixed exchange rate as part of the Smithsonian Agreement, signed at the end of the year. This agreement set the exchange rate at �308 per US$1.�
�In 1985 a dramatic change began. Finance officials from major nations signed an agreement (the Plaza Accord) affirming that the dollar was overvalued (and, therefore, the yen undervalued). This agreement, and shifting supply and demand pressures in the markets, led to a rapid rise in the value of the yen. From its average of �239 per US$1 in 1985, the yen rose to a peak of �128 in 1988, virtually doubling its value relative to the dollar. After declining somewhat in 1989 and 1990, it reached a new high of �123 to US$1 in December 1992. In April 1995, the yen hit a peak of under 80 yen per dollar, temporarily making Japan's economy nearly the size of the US.�
This way both US and Japan economies are stabilized now but Yen value became high from 360 to 115 per dollar now.
It is happening with China also. Us is pressing China to raise the value of Yuan and devalue dollar against Yuan so US exports can be cheaper in China and Chinese exports can be expensive in US.
Future is India. After too much of outsourcing, INR will raise again USD and my guestimate is 1 USD to 20 INR after 10 years.
Time to convert all savings in INR.
This is the beginning of Americanization. Most of you will not understand what I say because you are here in US for a long time and being first generation immigrants (on a limbo) keep up with your tradition. Americanization is like a slow bleed. IT and BPO is investment. Returns will come in form of MNCs and businesses and finally benefit American economy.
Just go back to India and look into the ITand BPO companies and lifestyles of people there. it will be 5 times higher than what we follow here as the Americanization is already induced.
Bottomline, do not underestimate America. They know what they do.
You are right they know what they do but it will be beneficial for US economy only. In terms to USD to INR, we will lose. Check the history and present.
In case of Japan, Yen was fixed to 360 Y to 1 $ in 1949.
�By 1971 the yen had become undervalued. Japanese exports were costing too little in international markets, and imports from abroad were costing the Japanese too much. This undervaluation was reflected in the current account balance, which had risen from the deficits of the early 1960s to a then-large surplus of U.S. $5.8 billion in 1971. The belief that the yen, and several other major currencies, were undervalued motivated the United States' actions in 1971.�
�Following the United States' measures to devalue the dollar in the summer of 1971, the Japanese government agreed to a new, fixed exchange rate as part of the Smithsonian Agreement, signed at the end of the year. This agreement set the exchange rate at �308 per US$1.�
�In 1985 a dramatic change began. Finance officials from major nations signed an agreement (the Plaza Accord) affirming that the dollar was overvalued (and, therefore, the yen undervalued). This agreement, and shifting supply and demand pressures in the markets, led to a rapid rise in the value of the yen. From its average of �239 per US$1 in 1985, the yen rose to a peak of �128 in 1988, virtually doubling its value relative to the dollar. After declining somewhat in 1989 and 1990, it reached a new high of �123 to US$1 in December 1992. In April 1995, the yen hit a peak of under 80 yen per dollar, temporarily making Japan's economy nearly the size of the US.�
This way both US and Japan economies are stabilized now but Yen value became high from 360 to 115 per dollar now.
It is happening with China also. Us is pressing China to raise the value of Yuan and devalue dollar against Yuan so US exports can be cheaper in China and Chinese exports can be expensive in US.
Future is India. After too much of outsourcing, INR will raise again USD and my guestimate is 1 USD to 20 INR after 10 years.
Time to convert all savings in INR.
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Marphad
07-29 06:06 PM
Great job of keeping idea live ;)
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belmontboy
01-16 12:45 PM
Another example my ex-boss in US had. There was a homeless person in his area and he used to see him almost every day. One day he decided to do something, talked to him and asked him to sign-up with his church rehab group, get him a job etc....My ex-boss was serious but the homeless promptly rejected all the offers and instead he just wanted to remain as homeless only. He didn't even want to try....
Thanks,
GCisaDawg
USA is land of opportunity.
Moral of the story, homelessness in this country is by choice not by chance!
Thanks,
GCisaDawg
USA is land of opportunity.
Moral of the story, homelessness in this country is by choice not by chance!
WithoutGCAmigo
06-18 10:57 AM
I-131 Application for Travel Document June 25, 2006
I-765 Application for Employment Authorization November 22, 2006
I-765 Application for Employment Authorization November 22, 2006
nraja
07-19 12:53 PM
As per my lawyer it reached on Jul 2. I dont know which carrier. If anyone got receipt then please share the same.
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