Re: Bailed-out banks sought to hire 21,800 foreign workers in past 6 years.
wis...@yahoo.com
wrote:
>
>During the last three months of 2008, the largest banks that received
>taxpayer loans announced more than 100,000 layoffs.
>
>.......................................................................................................................
>
>Foreigners are attractive hires because companies have found ways to
>pay them less than American workers.
>
>
>
>From The Associated Press, 2/1/09:
>http://www.newsday.com/news/politics/wire/sns-ap-bailout-foreign-workers,0,567395.story
>
>AP Investigation: Bailed-out banks sought to hire 21,800 foreign
>workers in past 6 years
>
>By FRANK BASS and RITA BEAMISH | Associated Press Writers
>
>SANTA CLARA, Calif. (AP) —
>
>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.
>
>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.
>
>The figures are significant because they show that the bailed-out
>banks, being kept afloat with U.S. taxpayer money, actively sought to
>hire foreign workers instead of American workers.
>
>As the economic collapse worsened last year — with huge numbers of
>bank employees laid off — the numbers of visas sought by the dozen
>banks in AP's analysis increased by nearly one-third, from 3,258 in
>fiscal 2007 to 4,163 in fiscal 2008.
>
>The AP reviewed visa applications the banks filed with the Labor
>Department under the H-1B visa program, which allows temporary
>employment of foreign workers in specialized-skill and advanced-degree
>positions.
>
>_____________________________________________________
>
>Harry
Business scumbags care not for Americas future, only quick profits
count. Vote-grubbing political hacks only seek reelection. America
needs a total strip-down and rebuild.
ted
http://www.wvwnews.net/ Western Voices World News
http://www.vdare.com/ V-Dare
GLOBALIST
> On Sun, 01 Feb 2009 05:53:17 -0500, Harry Hope <riv...@ix.netcom.com>
> wrote:
>
>
>
>
>
>
>
> >During the last three months of 2008, the largest banks that received
> >taxpayer loans announced more than 100,000 layoffs.
>
>
> >Foreigners are attractive hires because companies have found ways to
> >pay them less than American workers.
>
> >From The Associated Press, 2/1/09:
>
> - Show quoted text -
I read the article. It's pretty funky journalism. All accusations
with no credible numbers or data to back it up. I.T. depts all over
America have been hiring foreign computer folks for years, out of
necessity. I love how that buzz word "foreign" should make us all
react as BAAAAAAAAAAAAAAAAD.
AndyS
wis...@yahoo.com wrote:
> On Sun, 01 Feb 2009 05:53:17 -0500, Harry Hope <riv...@ix.netcom.com>
> wrote:
>
> >
> >During the last three months of 2008, the largest banks that received
> >taxpayer loans announced more than 100,000 layoffs.
> >
> >.......................................................................................................................
> >
> >Foreigners are attractive hires because companies have found ways to
> >pay them less than American workers.
> >
> Business scumbags care not for Americas future, only quick profits
> count. Vote-grubbing political hacks only seek reelection. America
> needs a total strip-down and rebuild.
>
> ted
>
> http://www.wvwnews.net/ Western Voices World News
>
> http://www.vdare.com/ V-Dare
Andy writes;
I agree with everything you said...
However, you should be aware that the purpose of starting and running
a business in America is to make profit for the owners of the
business,
and not to be some charity whose purpose is to provide jobs for people
at higher salaries than the competition....
One possibility is for the IRS NOT to allow salaries paid to non-
citizens
to be deducted as a business expense.... That would be reasonable,
and would just about even up the cost of domestic vs foreign labor....
So, rather than just bitch and moan about "the man" , why not suggest
solutions about how people who start and run business can make a
profit by using American workers, without driving the business into
the
ground, as the Big Three auto companies seem to have done...????
Andy in Eureka, Texas
hp...@lycos.com
> wis...@yahoo.com wrote:
> > On Sun, 01 Feb 2009 05:53:17 -0500, Harry Hope <riv...@ix.netcom.com>
> > wrote:
>
> > >During the last three months of 2008, the largest banks that received
> > >taxpayer loans announced more than 100,000 layoffs.
>
>
> > >Foreigners are attractive hires because companies have found ways to
> > >pay them less than American workers.
>
> > Business scumbags care not for Americas future, only quick profits
> > count. Vote-grubbing political hacks only seek reelection. America
> > needs a total strip-down and rebuild.
>
> > ted
>
> >http://www.wvwnews.net/ Western Voices World News
>
> >http://www.vdare.com/ V-Dare
>
> Andy writes;
>
> I agree with everything you said...
>
> However, you should be aware that the purpose of starting and running
> a business in America is to make profit for the owners of the
> business,
> and not to be some charity whose purpose is to provide jobs for people
> at higher salaries than the competition....
>
> One possibility is for the IRS NOT to allow salaries paid to non-
> citizens
> to be deducted as a business expense.... That would be reasonable,
> and would just about even up the cost of domestic vs foreign labor....
>
> So, rather than just bitch and moan about "the man" , why not suggest
> solutions about how people who start and run business can make a
> profit by using American workers, without driving the business into
> the
> ground, as the Big Three auto companies seem to have done...????
>
>
> - Show quoted text -
Yes, how can we get the right workers for modern industry. Personally,
I've
always been an advocate for special funds to support the "best and the
brightest"
if any help is needed. (that would include reasonable expense funds)
Let us pour
the funds into the very highest levels of technology plus economics.
Money, is
what "it's" all about.
mitch
mg
When you do a Google search on the news, you get 636 news articles and
they reference research by AP. So, this information looks pretty
reliable to me. Here's an example of another news source:
http://www.baltimoresun.com/news/nation/politics/bal-bailout0201,0,4893584.story
mg
> On Sun, 01 Feb 2009 05:53:17 -0500, Harry Hope <riv...@ix.netcom.com>
> wrote:
>
>
>
>
>
> >During the last three months of 2008, the largest banks that received
> >taxpayer loans announced more than 100,000 layoffs.
>
> >.......................................................................................................................
>
> >Foreigners are attractive hires because companies have found ways to
> >pay them less than American workers.
>
> >From The Associated Press, 2/1/09:
I have an idea. For every engineer, computer programmer, and banker
they import, let's also import one doctor and see what we can do about
these medical costs.