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In the first-ever indication of its stand on H-1B visas popular among Indian professionals, the Obama Administration has informed a court that the US needs this scheme to avoid "competitive disadvantage" the American companies could face otherwise.
A submission in this regard was recently filed by Michael F Hertz, Acting Assistant Attorney General, in response to a lawsuit filed by a group of three US bodies, nine individuals and two students challenging government`s decision to extend from one year to 29 months the duration of foreign nationals with engineering, science and other technical degrees who can work in the US on student visas.
This was a policy decision by previous Bush government, which was challenged in a lower court in New Jersey last year and was summarily dismissed. The same petitioners approached the Third Circuit Court of Appeals in Philadelphia last month.
Obama Administration`s view point was expressed in its submission before the Philadelphia court on March 23, according to a copy of petition and response.
"The inability of US employers, particularly in the fields of science, technology, engineering and mathematics, to obtain H-1B status for highly skilled foreign students and foreign non-immigrant workers has adversely affected the ability of US employers to recruit and retain skilled workers and creates a competitive disadvantage for US companies," the US government argued.
For information,with regards
rvk41...
A new report says foreign science and engineering graduates are leaving the USA and require less H-1Bs, which are temporary work visas. He and others have argued that outsourcing companies, such as Infosys (INFY) and Wipro (WIT), have used the temporary visas to train foreign workers in the U.S. and then move the jobs overseas. Loosening the rules for H-1B visas, "By outsourcing, American companies have destroyed job opportunities in the U.S. while creating them in India and China."
The survey comprised 229 students from China, 117 students from Western Europe, and 878 students from India.
The Pull of Friends and Family
After finishing their studies, large numbers of foreign students have traditionally chosen to stay in the U.S. to work full-time or pursue postdoctoral work. But that dynamic appears to be changing, the report says. Of the survey respondents, very few would like to stay in the U.S. permanently; only 6% of Indian, 10% of Chinese, and 15% of Europeans. The largest group of respondents wants to return home within five years—45% of Indian, 40% of Chinese, and 30% of European students.
The strongest reason students cited for leaving the U.S. was the desire to be with friends and family at home. The second most important factor was the perception that economic opportunities at home were better. Chinese students, in particular, strongly feel the best job opportunities lie in their home country, with 52% saying their home country has the best job opportunities, vs. 32% of Indian respondents and 26% of European respondents.
The least important factor in their decision to leave the U.S. was discrimination, followed by the difficulty of getting a visa to stay in the U.S. and availability of jobs in the U.S., according to the report. Still, the vast majority of foreign student respondents—85% of Indians and Chinese and 72% of Europeans—said they are concerned about obtaining work visas.
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Education: MBA .Is it worth it ???
MBA has been one of the hottest courses in past few years. Everyone wants to do it ..Reason, dont know ..everyone else is doing ..will get a good job ..Why ..dont know ..thats the trend .... Those who can make it to top league IIMs or Ivey League are the real genius but what about thousand others who go to UK, Canada, AU etc to just get the name.
or in india alone ..there are almost 10000 plus instutions offering this degree .. One popular ad in newspapers daily offers ...
One more interesting thing which i picked up just now,to add to the existing woes-tha auditors of the company are a partner of ...
I am not angry with you at all for ur remarks and whether I am a doctor or not is not an important issue at all.What is important is that many retail investors have been badly hurt by their investment in this stock and I think you are one among them.So its but natural for u to try to talk up your stock and if that helps you to reduce ur loss atleast to some extent I will only be happy.But I have stated only the truth and there is no compulsion on anyone to follow my advice.My point is let the company deliver some solid result and then if needed we can buy it even at 100 or 150 but for the present please do not go for this stock even if somebody is offering it to you for free!!!And you do not need to be even a doctor,its only a matter of common sense as you can easily notice from the consistently right calls given by jdosvd on this message board itself.Anyway best of luck to you and please don`t get angry,think with a cool mind instead.One of the most important qualities required to become a successful investor is to learn to accept your mistakes before its too late!!!!! ...
Its commonsense,initial investors in Hoechst,Glaxo,Glenmark entered the business cycle before the boom and did very well,Piramal life is entering when the bust is starting and are going headlong into the bust to be busted.
Listen,I tell U one thing;I have seen it time and again.......if you do not have Dame Luck with you then whatever you do it will never work.This has happened time and again and is happening with Piramal Life.
Of course,its going on upper circuit,who would buy this half-dead horse except the management and associates? Exit on the uprise.
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I doubt whether you are a doctor. If you had thought about the expenses which you had incurred during your studies then you would have left studies.Any kind of rewards would be obtained after a period of time and after incurring some expenses.What would you call the initial investors in Hoechst, Glaxo, Glenmark etc ? fools?Then the share price was low and there were no revenues in sight? I think you would have already started changing your views by watching the upper circuits....
BSE Announcements on Piramal Life
Posted by :
MMB MessengerPiramal Life Sciences Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2008....
NSE Announcements on Piramal Life
Posted by : MMB MessengerPiramal Life Sciences Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements...
Thanks doctor for your professional comments which have depth and are visionary.I for one humbly say that I saw all this coming and have been pleading to the small-investor on this board to exit from 260 levels right upto 50 levels.Yes,I easily expect the company to be bankrupt in a few years....
BSE Announcements on Piramal Life
Posted by : jdosvd
Guest refer to your "best buy" recommendation below. Yes,I went to study this recommendation so went to the boarders comments there and was greeted with these comments::
"sell sell sell sell dont loose the opertinuty ..."(posted today)
"I hope it will come down 8 to 10 rs"
"Hope the target will be 8 rs with in couple of weeks. sell now enter at 8 Rs dont loose the opertunity ..."
"Shasun chemicals posted Rs. 32 cr losses for 9 month period Mar - Dec on Equity of Rs 9+ cr. Q4 will also see it bleeding putting losses close to Rs 40 cr.
Acquisitions in UK were wrong decision by the management as these are contributing to the current mess. Where Rhodia & GSK Pharma have sold their plants to Shasun at high price. Soon Shasun may have to look for buyer for these plants.
Medium term prospects are bleak. Sell Shasun before it goes below Rs. 10/-..."
I furthur studied all nuances of the stock and in a bearish market like this it is a strong sell with a price target of 4-5.Sell fast!
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BSE Announcements on Piramal Life
Posted by : GuestShasun Chemical is the best to buy current level I hope we may get multipile the amount hurry up ...
BSE Announcements on Piramal Life
Posted by : jdosvd
OH no............then this loss making entity whose net worth is less than zero should go again on lower circuit to 30 levels!
Its better they sell,as they just cant handle the changing R&D scenario.
I had already advised below to sell on every rise as I am confident that the stock should reach near zero levels by 2012 as its R&D,though having molecules in pipeline is expected to produce virtually nothing!...
BSE Announcements on Piramal Life
Posted by : MMB MessengerWith reference to the news item appearing in a leading financial daily titled "Piramal buy talk spurts arm", Piramal Life Sciences Ltd has clarified to BSE that the media report about the possible takeover of the Company is totally unfounded....
clarification
Posted by : vkk43With reference to the news item appearing in a leading financial daily titled ...
