January 11, 2010
Investor Visa Program Becomes Popular way to Buy Green Cards
The number of investor visas granted has increased since last year, a reflection of better promotion of the visas by regional investment centers, certified by the federal government under the EB-5 (investor visa) program. The advantage to the investment center is that they can count jobs indirectly created, at suppliers or other firms, as opposed to a direct employment requirement.
"That immigrant investors are more focused on obtaining visas than maximizing profits -- combined with the government's limited capacity for oversight -- has caused even some avid proponents of the EB-5 program to worry that a profusion of fraudulent or ill-advised ventures might soon flourish alongside legitimate ones," the Washington Post reported.
[FAIR comment: The EB-5 visa has become distorted from its original concept. It was a "million dollar visa" designed to attract Hong Kong residents worried about the incorporation into China. Now half that much invested buys a visa for the family. It was designed to reward entrepreneurs. Now foreigners can buy into an investment created by others who make a living off of packaging investment deals.]
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New Census Numbers Show Impact of Immigration
A new analysis of Census data shows that most states have seen the share of population under-18 stay the same or contract slightly. Although no states showed a percentage increase in their younger populations, states with the highest immigration levels were unchanged. The New York Times noted that "Higher birthrates among immigrants and the migration of younger job-seekers mean that in seven states, non-Hispanic whites now constitute a minority of people under 18. Those states are Arizona, California, Hawaii, Maryland, Nevada, New Mexico and Texas."
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New Jersey Tuition Bill Stalls
"A plan that would let children of illegal immigrants pay in-state tuition at New Jersey colleges stalled in the state Senate yesterday, raising questions about its prospects. The bill, for which advocates have fought for eight years, is short on votes to pass but close enough that it may be considered again Monday, Senate President Richard J. Codey (D., Essex) said," according to the Inquirer.
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