Living the Dream.





Showing posts with label federal bailout. Show all posts
Showing posts with label federal bailout. Show all posts

Monday, May 23, 2011

re: "Cometh the Hour, Punteth the Man"

Mark Steyn at The Corner ("a web-leading source of real-time conservative opinion") critiques a speech by the president.



Money quote(s):



"America is not Greece. There is no Germany to bail us out. Only we can do it."



Friday, May 22, 2009

BW - U.S. Job Losses Not Due to H-1B Visas, Report Says

From my archive of press clippings:

Business Week

U.S. Job Losses Not Due to H-1B Visas, Report Says

March 30, 2009, 9:38AM EST

New H-1B visa holders don't make much of a dent in the U.S. workforce, according to a report by the National Foundation for American Policy

By Deepshikha Monga

US lawmakers may be busy putting restrictions on the country's primary temporary work visa, H-1B, but new H-1B visaholders each year represent just seven in 10,000 civilian workers in the US, according to a report by an American public policy organisation.

Read the whole article here.

Snippet(s):

"As per the report by the National Foundation for American Policy (NAFP), 1,07,686 new H-1B petitions were approved by the US Citizenship and Immigration Services in 2008, including those exempt from being included in the H1-B quota of 85,000 visas annually. In comparison, the American civilian labour force stood at 154.6 million in 2008.

The US Senate recently cleared a bill that restricts hiring of H1-B visa holders by financial services firm receiving government bailout funds."

Tuesday, March 10, 2009

S&S - Credit unions angry over surprise 'bailout tax'

From my archive of press clippings:

Stars and Stripes

Credit unions angry over surprise 'bailout tax'

By Tom Philpott, Special to Stars and Stripes


Mideast edition, Saturday, February 14, 2009


Federal credit unions, including those serving millions of military patrons, are fighting to keep off their books nearly $5 billion in charges that regulators have assessed to bail out their largest “corporate” credit union.

Read the whole article here.

Tuesday, February 3, 2009

Y! - AP Investigation: Banks sought foreign workers

Yahoo!News

AP Investigation: Banks sought foreign workers


By FRANK BASS and RITA BEAMISH, Associated Press Writers Frank Bass And Rita Beamish,


Associated Press Writers – 37 mins ago


AP – In this Sept. 26, 2007, file photo Sen. Charles Grassley, R-Iowa, talks to reporters in his Capitol Hill …


SANTA CLARA, Calif. – Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.

Read the whole article here.

Snippet(s):

"The dozen banks receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. The average annual salary for those jobs was $90,721, nearly twice the median income for all American households."