doknek
05-02 11:54 AM
If we have a large number of people from the Southeast region, may be we can demonstrate in the front of the Atlanta PERM office. I think this may be crucial especially during this election time.
I am in Atlanta, I would definitely like to do that. If we get more people to come join us (and some way to get some media attention - local FOX News or CNN). We could also try to bring our family to help us with the support:D
I am in Atlanta, I would definitely like to do that. If we get more people to come join us (and some way to get some media attention - local FOX News or CNN). We could also try to bring our family to help us with the support:D
wallpaper Blood elf (playable) - WoWWiki
monkeyman
08-28 05:12 PM
Life sucks with the way things are - why make it worse!!! Who cares what they write - they are probably looking for publcity - writing about outsourcing assures them more readers and more hits!!! Why let it bother you? If you are here, focus on making it big - don't let such unworthy views bother your views!!!
SGP
04-18 06:52 AM
$$$$$$$$$$$$$$$GOOD MORNING GC$$$$$$$$$$$$$$$$
Deadline = April 30th, 2011
Goal = 5000 votes on survey (see I-485 filing w/o current PD thread) and momentum to continue with this campaign.The survey is a platform to gather and push for launching action items. Based on response by 04/30/2011 - IV will decide whether to even proceed with initiative or not.
Actions - 1) Vote on survey.
2)Email ivcoordinator@gmail.com with PD, ph#,email & subject "I485 filing impacted�,
3)Print/Circulate Fliers and spread FB, wiki link (see "support thread")
This is a supporting thread to the "Want to File I-485 without Current Priority Date? Gather here" thread started by pappu.
As suggested by pappu/starsun, this supporting thread provides impacted members with additional information and tools to help the initiative.
Visit Immigration Voice Wiki (http://immigrationvoice.org/wiki/index.php/Employment_Based_Green_Card#Process_.28EB1.2C_EB2. 2C_and_EB3.29) - for overview of Employment Based - Green Card process
Visit I485 Filing w/o current PD Wiki (http://immigrationvoice.org/wiki/index.php/Current_Grass-Roots_Initiative_-_I-485_Filing_without_Current_Priority_Date) - for overview of this initiative
As pappu stated in the first post of the above referenced thread - some of the ongoing efforts include finding how many IV members would get benefit from such a provision and get basic details such as username/Priority Date of impacted members. Future action items might include drafting documents and letters to support this provision. There maybe actions such as sending emails etc. However we would not be able to open a public action item unless we can have thousands of our members willing to participate in a grassroots action item. This survey intends to understand the needs of our membership for this provision and collect grassroots information.
The fact is we have a dedicated group of volunteers (and we need more) who have been trying their best to spread the message about this initiative so that a strong grass-roots support can be created leading up to launch of the public action items. So far we have around 1100 people who have responded. Based on quick calculations carried out using PERM data, it is estimated that there are at least 60K-70K EB applicants waiting to file I-485/EAD/AP (this is a very conservative estimate..the actual number could be much more). Grass-roots initiatives require time and patience and we request maximum number of impacted folks to participate actively.
-------------------------------------------------------------------------------------------------
What can you do to participate?
1) Vote on the poll/survey created by Pappu.
http://immigrationvoice.org/forum/forum14-members-forum/1599353-want-to-file-485-when-pd-is-not-current-gather-here.html
Then please send an email to ivcoordinator@gmail.com (starsun) with subject - "I485 filing without current PD - Impacted Member". Include your a) IV username b) Email address c) Phone #, d) State of Residence e) Priority Date - so that grassroot efforts can be coordinated
2) Print out below Flier and circulate at all asian/indian malls/groceries/theaters. Forward the flier to your friends/co-workers and ask them to do the same.
I485 Filing Initiative Flier (http://immigrationvoice.org/wiki/images/a/a8/Flier_I485_latest2.pdf)
3) Volunteers have created a facebook community and an Immigration Voice WIKI page to spread the message about this initiative. Please circulate these links among your friends/co-workers who will be helped.
Please "Share" and "Link" and "send to friend" the facebook community via your Facebook account. Also include these two links when you post on the IV forum.
Facebook - IV I485 filing w/o current PD initiative community (http://www.facebook.com/home.php#!/pages/Immigration-Voice-Grass-roots-Campaigns/150562351660693?v=info)
(Just FYI that you might have to be logged in for the above link to direct to the facebook community. Alternately, search for "Immigration Voice Grass-roots Campaigns" to find the community after logging in. Search "Immigration Voice" to go to the IV's main facebook page)
Immigration Wiki -
I485 Filing Initiative - IV Wiki (http://immigrationvoice.org/wiki/index.php/Current_Grass-Roots_Initiative_-_I-485_Filing_without_Current_Priority_Date)
------------------------------------------------------------------------------------------------
PM these members for additional info:
nmdial ; geevikram ; vbkris77 ; ashwin_27 ; snathan
Dedicated members can also join the leaders group: http://groups.google.com/group/485-filing-iv-initiative
------------------------------------------------------------------------------------------------
Deadline = April 30th, 2011
Goal = 5000 votes on survey (see I-485 filing w/o current PD thread) and momentum to continue with this campaign.The survey is a platform to gather and push for launching action items. Based on response by 04/30/2011 - IV will decide whether to even proceed with initiative or not.
Actions - 1) Vote on survey.
2)Email ivcoordinator@gmail.com with PD, ph#,email & subject "I485 filing impacted�,
3)Print/Circulate Fliers and spread FB, wiki link (see "support thread")
This is a supporting thread to the "Want to File I-485 without Current Priority Date? Gather here" thread started by pappu.
As suggested by pappu/starsun, this supporting thread provides impacted members with additional information and tools to help the initiative.
Visit Immigration Voice Wiki (http://immigrationvoice.org/wiki/index.php/Employment_Based_Green_Card#Process_.28EB1.2C_EB2. 2C_and_EB3.29) - for overview of Employment Based - Green Card process
Visit I485 Filing w/o current PD Wiki (http://immigrationvoice.org/wiki/index.php/Current_Grass-Roots_Initiative_-_I-485_Filing_without_Current_Priority_Date) - for overview of this initiative
As pappu stated in the first post of the above referenced thread - some of the ongoing efforts include finding how many IV members would get benefit from such a provision and get basic details such as username/Priority Date of impacted members. Future action items might include drafting documents and letters to support this provision. There maybe actions such as sending emails etc. However we would not be able to open a public action item unless we can have thousands of our members willing to participate in a grassroots action item. This survey intends to understand the needs of our membership for this provision and collect grassroots information.
The fact is we have a dedicated group of volunteers (and we need more) who have been trying their best to spread the message about this initiative so that a strong grass-roots support can be created leading up to launch of the public action items. So far we have around 1100 people who have responded. Based on quick calculations carried out using PERM data, it is estimated that there are at least 60K-70K EB applicants waiting to file I-485/EAD/AP (this is a very conservative estimate..the actual number could be much more). Grass-roots initiatives require time and patience and we request maximum number of impacted folks to participate actively.
-------------------------------------------------------------------------------------------------
What can you do to participate?
1) Vote on the poll/survey created by Pappu.
http://immigrationvoice.org/forum/forum14-members-forum/1599353-want-to-file-485-when-pd-is-not-current-gather-here.html
Then please send an email to ivcoordinator@gmail.com (starsun) with subject - "I485 filing without current PD - Impacted Member". Include your a) IV username b) Email address c) Phone #, d) State of Residence e) Priority Date - so that grassroot efforts can be coordinated
2) Print out below Flier and circulate at all asian/indian malls/groceries/theaters. Forward the flier to your friends/co-workers and ask them to do the same.
I485 Filing Initiative Flier (http://immigrationvoice.org/wiki/images/a/a8/Flier_I485_latest2.pdf)
3) Volunteers have created a facebook community and an Immigration Voice WIKI page to spread the message about this initiative. Please circulate these links among your friends/co-workers who will be helped.
Please "Share" and "Link" and "send to friend" the facebook community via your Facebook account. Also include these two links when you post on the IV forum.
Facebook - IV I485 filing w/o current PD initiative community (http://www.facebook.com/home.php#!/pages/Immigration-Voice-Grass-roots-Campaigns/150562351660693?v=info)
(Just FYI that you might have to be logged in for the above link to direct to the facebook community. Alternately, search for "Immigration Voice Grass-roots Campaigns" to find the community after logging in. Search "Immigration Voice" to go to the IV's main facebook page)
Immigration Wiki -
I485 Filing Initiative - IV Wiki (http://immigrationvoice.org/wiki/index.php/Current_Grass-Roots_Initiative_-_I-485_Filing_without_Current_Priority_Date)
------------------------------------------------------------------------------------------------
PM these members for additional info:
nmdial ; geevikram ; vbkris77 ; ashwin_27 ; snathan
Dedicated members can also join the leaders group: http://groups.google.com/group/485-filing-iv-initiative
------------------------------------------------------------------------------------------------
2011 A Blood Elf male in a
satishku_2000
02-02 02:43 PM
I guess it is time to pack and go back, after seeing all these developments
Here are few sentences from Senator kennedy's concession speach at 1980 Democratic convention in New York
[B]For all those whose cares have been our concern, the work goes on, the cause endures, the hope still lives, and the dream shall never die.[B]
You can hear the speech at http://www.historyplace.com/speeches/tedkennedy.htm
So guys dont get depressed, As long as people like senator kennedy / Mccain are in senate I have hope.
God bless America.
Here are few sentences from Senator kennedy's concession speach at 1980 Democratic convention in New York
[B]For all those whose cares have been our concern, the work goes on, the cause endures, the hope still lives, and the dream shall never die.[B]
You can hear the speech at http://www.historyplace.com/speeches/tedkennedy.htm
So guys dont get depressed, As long as people like senator kennedy / Mccain are in senate I have hope.
God bless America.
more...
NolaIndian32
09-01 11:06 AM
Alright guys, I cannot tell you how excited I am to report that i got a call this morning from my attorney and my online case status also states that Card Production was ordered for my case!!!
After 8 long years.....i finally have been approved for permanent residency. After 7 years, i will finally, with peace of mind, go back to India to visit my family. Thanks to IV, everyone's help on these forums for helping me keep my sanity over the past 2 years....
After 15 years in the US, I will finally have my green card in hand soon.
-Nola
After 8 long years.....i finally have been approved for permanent residency. After 7 years, i will finally, with peace of mind, go back to India to visit my family. Thanks to IV, everyone's help on these forums for helping me keep my sanity over the past 2 years....
After 15 years in the US, I will finally have my green card in hand soon.
-Nola
vparam
06-07 04:39 PM
Hi all
Conference committee and its proceedings are always closed-door things. Remember there is alittle one can do. also considering the gravity of the situation, i'd say just wait. i know that's not the best scenario but it is what it is
i don't think the committee not yet formed, in the first place and there is no time line / rule that guides about conference committe proceedings
conference is closed door (except for one open session) but appointing conference committee is not closed door
Conference committee and its proceedings are always closed-door things. Remember there is alittle one can do. also considering the gravity of the situation, i'd say just wait. i know that's not the best scenario but it is what it is
i don't think the committee not yet formed, in the first place and there is no time line / rule that guides about conference committe proceedings
conference is closed door (except for one open session) but appointing conference committee is not closed door
more...
ssd213
05-08 04:16 PM
After 9 years, mine got approved but no update yet for my wife. Anyone in the same boat
2010 Blood Elf Prosthetic Kit
ch4rli3
05-02 04:31 PM
PERM Filed : 10/24/2007
Audit Reply Date : 12/23/2007
Category : EB3
Status : Pending
Processing Center : ATLANTA
Audit Reply Date : 12/23/2007
Category : EB3
Status : Pending
Processing Center : ATLANTA
more...
satishku_2000
06-14 12:39 AM
Why can't you search for preapproved labor to file I485 quickly?
I have my own labor approved with a PD of 2004 and 140 pending. Thanks for the suggestion.
You know what some desi companies are sending emails too , saying they have pre approved labors....
It is totally unfair for the people whose applications are pending in BECS since 1999.
I have my own labor approved with a PD of 2004 and 140 pending. Thanks for the suggestion.
You know what some desi companies are sending emails too , saying they have pre approved labors....
It is totally unfair for the people whose applications are pending in BECS since 1999.
hair Male Blood Elf, WoW
MerciesOfInjustices
09-03 11:58 AM
Pattern seems to indicate - ND and no complications, leads to approval! PD does not seem to hold any relevance as long as it is current! All of those who filed in 2007 and are current - will likely get it this month! Those, like me, who filed in last year's window can hope to get it by next year!
Congrats to all those who got their GC!
Those who did not - of course, have to be patient - it will come one day!
Congrats to all those who got their GC!
Those who did not - of course, have to be patient - it will come one day!
more...
Hassan11
03-24 11:48 AM
maybe it is because of the Easter holiday and the long weekend. that can be a reason or maybe it will pick up at the beg of April. I am not sure what s the reason, but we are all worried
Looks like approvals has slowed down further.
This is why at the end of the year there are unused visas. All due to inefficiencies of USCIS.
We are doomed.
Looks like approvals has slowed down further.
This is why at the end of the year there are unused visas. All due to inefficiencies of USCIS.
We are doomed.
hot Statues/WoW Sideshow
GCBy3000
06-17 05:58 PM
This is just a misuse of H1. They should bring up a new law stating the H1 will automatically get cancelled if the beneficiary does not get employed in three months. With this, the real demand for H1 could be estimated easily.
The speed in which h1 FOR MS in USA shows that there is not that much demand to H1s. Only around 7500 was filled. The H1 Cap 65000 was reached for because Indian companies were rushing to make it before H1 cap is reached. One has to analyse how much is going to be used really. They will use need basis and won't cancel if not used. So increasing to 110k will be enough to meet the real demand but then also Cap will be reached in another 2 months because consulting companies process h1 first and find the job for them later. But Real demand can be analysed in other way. Because of Rushing thro H1s lot of companies which are having Real job demand(Companies like Intel Microsoft) could not hire. H1s for US MS degree holders solved the issue Partialy. May be if the increase that quota to 40k then demand will be enough.
The speed in which h1 FOR MS in USA shows that there is not that much demand to H1s. Only around 7500 was filled. The H1 Cap 65000 was reached for because Indian companies were rushing to make it before H1 cap is reached. One has to analyse how much is going to be used really. They will use need basis and won't cancel if not used. So increasing to 110k will be enough to meet the real demand but then also Cap will be reached in another 2 months because consulting companies process h1 first and find the job for them later. But Real demand can be analysed in other way. Because of Rushing thro H1s lot of companies which are having Real job demand(Companies like Intel Microsoft) could not hire. H1s for US MS degree holders solved the issue Partialy. May be if the increase that quota to 40k then demand will be enough.
more...
house I replaced the Blood Elf with
Kaianna
05-19 03:22 PM
Just got the mail Card production ordered(myself, spouse , dependent).
Raised SR on 2nd May Got RFE on 3rd , received the RFE(Employement Verification) on 8th.
replied the RFE , USCIS received on 12th.
EB2 PD June 5th 2006
Hi Pps123,
Did you change the job? They sent the REF letter to you or your attorney? I raised SR on May 6th, and received an email on May13th saying that a RFE letter was sent out. Anxious to know what the RFE is.
Raised SR on 2nd May Got RFE on 3rd , received the RFE(Employement Verification) on 8th.
replied the RFE , USCIS received on 12th.
EB2 PD June 5th 2006
Hi Pps123,
Did you change the job? They sent the REF letter to you or your attorney? I raised SR on May 6th, and received an email on May13th saying that a RFE letter was sent out. Anxious to know what the RFE is.
tattoo World of Warcraft: Blood Elf
breddy2000
01-14 10:07 AM
Wall Street's Rigged Casino
http://www.financialsense.com/fsu/editorials/barry/2009/0113.html
Last year was certainly a turbulent one for investors. Not only did good assets and companies sell off with bad, but the very integrity of the U.S. markets was brought into question. Financial firms spend millions of dollars convincing the average citizen that investing in stocks is necessary and prudent, yet the playing field is far from level. Fraud, naked shorting and other forms of manipulation are now endemic to the American markets. As Overstock's lawyer, John O'Quinn points out, “You have more chance to be treated fairly in a casino in Vegas.” How can you invest if you can't trust the system?
Jim Puplava, Mike Schneider and a few other journalists have exposed the prevalence of naked shorting on Wall Street. While selling short is a legitimate activity, naked shorting occurs when parties sell shares they don't own and don't intend to borrow, causing more shares to be traded than actually exist. Approximately 7.5% of the trades reported by the DTCC fail to deliver each day, and this agency is private and not at all transparent. Furthermore, 96% of all stock transactions are completed outside the official system and are totally unregulated.
Regulation SHO was enacted in 2005 by the Securities and Exchange Commission (SEC) to supposedly eliminate chronic settlement failures by forcing brokers to close out positions after thirteen consecutive trading days. However the regulation doesn't cover small and micro cap companies, or failures to deliver (FTDs) that are below a certain numerical threshold. Market makers were exempt from this regulation until last fall, and old FTDs were allowed to remain open. Some corporations remained on the threshold list for over a year consecutively with no relief from the SEC.
Chairman Cox admitted in July 2006 that there were many large loopholes in Regulation SHO which allowed predatory shorting to continue. Few firms were investigated, and even those brokers who were caught paid minimal fines. Almost nothing was done until naked shorting threatened “the stability of financial institutions,” according to Cox. In July 2008, the SEC banned naked shorting of 19 select financial firms. With this rule and the subsequent emergency order banning all short selling in 799 financial institutions, Cox admitted that naked shorting was a serious problem, but the SEC would only enforce the rules for certain institutions that deserved the effort.
The Commission has demonstrated where its real allegiance lies, and it’s not with the small investor. For years, hedge funds, brokerages, and investment banks soaked up fat profits by naked shorting promising companies to death. These shorts never have to be covered if the company is delisted and goes bankrupt, so it’s a very lucrative criminal practice. When some of these same corporations that preyed on small cap stocks suffered share price drops due to their hideous balance sheets, the SEC moved in to give them special protection.
Even with some of the loopholes closed, market manipulation still goes on. As Allan Young points out on his website, naked shorting is in effect another derivative like credit default swaps or mortgage backed securities. Predatory brokers can sell more shares than exist, as if they are buying a put (a bet that prices will go down). Sell enough shares and you can ensure your bet is correct. These brokers can later close out their naked shorts and avoid censure from the SEC.
Although the most egregious violations of the naked short rules have been eliminated, with corporations like Overstock now off the naked short list, much of the damage has already been done. Many solid businesses have been naked shorted out of existence, leading to unemployment and destruction of wealth for millions of taxpayers. U.S. citizens are angry and scared as they watch their stock portfolios shrink, and see their pensions in jeopardy.
This begs the question as to why the U.S. government would prop the markets up on one hand using the Plunge Protection Team, while allowing naked shorting on the other which pushes the share prices down. I can only conclude that the system is designed to redistribute wealth from small investors to elite bankers and hedge fund managers. Perhaps the stock markets were allowed to decline so the politically connected shorts could cover profitably. With the close relationship between Wall Street, regulators, Congress, and the Treasury Department full of former Goldman Sachs executives, it's clear that the average worker with retirement money invested in the market is at an extreme disadvantage.
The SEC suffered another embarassment with the revelation that Bernard Madoff ran a US$50 billion Ponzi scheme disguised as a hedge fund for several years. Only a tip from Madoff's sons to the FBI unraveled the scheme. In fact, the SEC investigated Madoff's company eight times over more than a decade and failed to find any fraud. A former SEC attorney is now married to Madoff's niece, raising doubts about his objectivity in examining Madoff's books. Even when Harry Markopoulos, a private whistleblower, produced evidence that Madoff's trading results could not be replicated, no one at the SEC took him seriously.
Congress has been quick to blame Commissioner Cox, a former colleague for the Madoff scandal. However, missteps and inadequate enforcement predate Cox, who has only run the SEC since August 2005.
Obama's pick to replace Cox, Mary Schapiro has many flaws of her own. She previously appointed one of Madoff's sons to a disciplinary board, making her judgement look very poor. Schapiro is currently chief of the Financial Industry Regulatory Authority, a self regulating body which has been even less willing than usual to crack down on Wall Street abuses during her tenure. She ran the Commodity Futures Trading Commission (CFTC) under President Clinton, an agency that has been unable or unwilling to perceive the manipulation in the precious metals markets while pursuing collusion in other commodities. Schapiro stated she was inspired to pursue a regulatory career by watching the Hunt brothers' silver moves, so we know where her biases lie.
As an analyst, I spend hours each week poring over balance sheets, and reading financial statements of companies I may want to recommend to my subscribers. My task is made very difficult by the widespread financial fraud. While Madoff's results were too good to be true, other forms of deception are extremely hard to detect. Satyam is the latest scandal to hit Wall Street. Although the corporation is headquartered in India, Satyam has Fortune 500 clients in the U.S. and is listed on the NYSE. It has to comply with Sarbanes-Oxley regulations just like any American company, rules that are supposed to enforce honesty and transparency. Satyam – which is Sanskrit for truth - was awarded the Golden Peacock award for corporate governance just three months ago, in an amazing bit of irony.
With all these scandals, no wonder Merrill Lynch reports that rich customers are demanding gold coins and bars instead of shares in “paper gold” like ETFs. Credible stories indicate that the COMEX warehouses are experiencing record activity as receipt holders seek delivery of their gold. Brokers are apparently attempting to discourage this activity to squelch metal demand. When trust is eroded, people naturally seek safety in an asset without counterparty risk like gold.
If you are a stock investor despite all these perils, how to you separate the wheat from the chaff? First you have to find industries with impeccable fundamentals. While commodities suffered greatly in 2008, I believe they will see a strong rebound in 2009.
Second, check the track record of management and look for any hints of impropriety. Third, read the financial statements and look for unnecessarily complicated structures or conflicts of interest: these are red flags. Fourth, if results seem unbelievably excellent, they may be fictional. Fifth, while you can no longer take delivery of shares in the United States, you can contact the companies you invest in to determine if you are on the list of legitimate shareholders or a victim of naked shorting. Sixth, diversify into several different companies so if one is fraudulent you don't lose all your money. With the danger inherent in stocks, I recommend only investing capital you can afford to lose.
http://www.financialsense.com/fsu/editorials/barry/2009/0113.html
Last year was certainly a turbulent one for investors. Not only did good assets and companies sell off with bad, but the very integrity of the U.S. markets was brought into question. Financial firms spend millions of dollars convincing the average citizen that investing in stocks is necessary and prudent, yet the playing field is far from level. Fraud, naked shorting and other forms of manipulation are now endemic to the American markets. As Overstock's lawyer, John O'Quinn points out, “You have more chance to be treated fairly in a casino in Vegas.” How can you invest if you can't trust the system?
Jim Puplava, Mike Schneider and a few other journalists have exposed the prevalence of naked shorting on Wall Street. While selling short is a legitimate activity, naked shorting occurs when parties sell shares they don't own and don't intend to borrow, causing more shares to be traded than actually exist. Approximately 7.5% of the trades reported by the DTCC fail to deliver each day, and this agency is private and not at all transparent. Furthermore, 96% of all stock transactions are completed outside the official system and are totally unregulated.
Regulation SHO was enacted in 2005 by the Securities and Exchange Commission (SEC) to supposedly eliminate chronic settlement failures by forcing brokers to close out positions after thirteen consecutive trading days. However the regulation doesn't cover small and micro cap companies, or failures to deliver (FTDs) that are below a certain numerical threshold. Market makers were exempt from this regulation until last fall, and old FTDs were allowed to remain open. Some corporations remained on the threshold list for over a year consecutively with no relief from the SEC.
Chairman Cox admitted in July 2006 that there were many large loopholes in Regulation SHO which allowed predatory shorting to continue. Few firms were investigated, and even those brokers who were caught paid minimal fines. Almost nothing was done until naked shorting threatened “the stability of financial institutions,” according to Cox. In July 2008, the SEC banned naked shorting of 19 select financial firms. With this rule and the subsequent emergency order banning all short selling in 799 financial institutions, Cox admitted that naked shorting was a serious problem, but the SEC would only enforce the rules for certain institutions that deserved the effort.
The Commission has demonstrated where its real allegiance lies, and it’s not with the small investor. For years, hedge funds, brokerages, and investment banks soaked up fat profits by naked shorting promising companies to death. These shorts never have to be covered if the company is delisted and goes bankrupt, so it’s a very lucrative criminal practice. When some of these same corporations that preyed on small cap stocks suffered share price drops due to their hideous balance sheets, the SEC moved in to give them special protection.
Even with some of the loopholes closed, market manipulation still goes on. As Allan Young points out on his website, naked shorting is in effect another derivative like credit default swaps or mortgage backed securities. Predatory brokers can sell more shares than exist, as if they are buying a put (a bet that prices will go down). Sell enough shares and you can ensure your bet is correct. These brokers can later close out their naked shorts and avoid censure from the SEC.
Although the most egregious violations of the naked short rules have been eliminated, with corporations like Overstock now off the naked short list, much of the damage has already been done. Many solid businesses have been naked shorted out of existence, leading to unemployment and destruction of wealth for millions of taxpayers. U.S. citizens are angry and scared as they watch their stock portfolios shrink, and see their pensions in jeopardy.
This begs the question as to why the U.S. government would prop the markets up on one hand using the Plunge Protection Team, while allowing naked shorting on the other which pushes the share prices down. I can only conclude that the system is designed to redistribute wealth from small investors to elite bankers and hedge fund managers. Perhaps the stock markets were allowed to decline so the politically connected shorts could cover profitably. With the close relationship between Wall Street, regulators, Congress, and the Treasury Department full of former Goldman Sachs executives, it's clear that the average worker with retirement money invested in the market is at an extreme disadvantage.
The SEC suffered another embarassment with the revelation that Bernard Madoff ran a US$50 billion Ponzi scheme disguised as a hedge fund for several years. Only a tip from Madoff's sons to the FBI unraveled the scheme. In fact, the SEC investigated Madoff's company eight times over more than a decade and failed to find any fraud. A former SEC attorney is now married to Madoff's niece, raising doubts about his objectivity in examining Madoff's books. Even when Harry Markopoulos, a private whistleblower, produced evidence that Madoff's trading results could not be replicated, no one at the SEC took him seriously.
Congress has been quick to blame Commissioner Cox, a former colleague for the Madoff scandal. However, missteps and inadequate enforcement predate Cox, who has only run the SEC since August 2005.
Obama's pick to replace Cox, Mary Schapiro has many flaws of her own. She previously appointed one of Madoff's sons to a disciplinary board, making her judgement look very poor. Schapiro is currently chief of the Financial Industry Regulatory Authority, a self regulating body which has been even less willing than usual to crack down on Wall Street abuses during her tenure. She ran the Commodity Futures Trading Commission (CFTC) under President Clinton, an agency that has been unable or unwilling to perceive the manipulation in the precious metals markets while pursuing collusion in other commodities. Schapiro stated she was inspired to pursue a regulatory career by watching the Hunt brothers' silver moves, so we know where her biases lie.
As an analyst, I spend hours each week poring over balance sheets, and reading financial statements of companies I may want to recommend to my subscribers. My task is made very difficult by the widespread financial fraud. While Madoff's results were too good to be true, other forms of deception are extremely hard to detect. Satyam is the latest scandal to hit Wall Street. Although the corporation is headquartered in India, Satyam has Fortune 500 clients in the U.S. and is listed on the NYSE. It has to comply with Sarbanes-Oxley regulations just like any American company, rules that are supposed to enforce honesty and transparency. Satyam – which is Sanskrit for truth - was awarded the Golden Peacock award for corporate governance just three months ago, in an amazing bit of irony.
With all these scandals, no wonder Merrill Lynch reports that rich customers are demanding gold coins and bars instead of shares in “paper gold” like ETFs. Credible stories indicate that the COMEX warehouses are experiencing record activity as receipt holders seek delivery of their gold. Brokers are apparently attempting to discourage this activity to squelch metal demand. When trust is eroded, people naturally seek safety in an asset without counterparty risk like gold.
If you are a stock investor despite all these perils, how to you separate the wheat from the chaff? First you have to find industries with impeccable fundamentals. While commodities suffered greatly in 2008, I believe they will see a strong rebound in 2009.
Second, check the track record of management and look for any hints of impropriety. Third, read the financial statements and look for unnecessarily complicated structures or conflicts of interest: these are red flags. Fourth, if results seem unbelievably excellent, they may be fictional. Fifth, while you can no longer take delivery of shares in the United States, you can contact the companies you invest in to determine if you are on the list of legitimate shareholders or a victim of naked shorting. Sixth, diversify into several different companies so if one is fraudulent you don't lose all your money. With the danger inherent in stocks, I recommend only investing capital you can afford to lose.
more...
pictures Since the lood elf males
baleraosreedhar
08-18 01:11 PM
Jus tnow got CPO Email for me Also, I think the SR for Expediate process requested by wife did work.
I am glad to see the Email finally.
We had opened SR by going to the option of Address Change and then to the CR rep, and the rep had actually initiated Expediate process on finding that we have not received the EAD card, Rep had asked allt he options like Military Service, govt service and financial hardship, we told we loose job is we do not get EAD before the expiry date and Rep choose the option of Financial hardship as cause for Expediate request and it worked for us.
I hope others can try this option to initiate Expediate Process
I am glad to see the Email finally.
We had opened SR by going to the option of Address Change and then to the CR rep, and the rep had actually initiated Expediate process on finding that we have not received the EAD card, Rep had asked allt he options like Military Service, govt service and financial hardship, we told we loose job is we do not get EAD before the expiry date and Rep choose the option of Financial hardship as cause for Expediate request and it worked for us.
I hope others can try this option to initiate Expediate Process
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akhilmahajan
06-29 02:23 PM
On June 14th the Visa Bulletin was published for the month of July, and all EB1, EB2 and EB3 green card cases are current starting July 1st, except "other workers". We have learned that this was done to ensure that no employment based green card numbers will be unused for the 2007 fiscal year, which ends on September 30, 2007. As we reported in a prior Immigration Update, an employment based green card cannot be approved without a current priority date. Additionally, the third and final stage of the green card process, Adjustment of Status or Consular Processing, cannot be filed, unless the priority date is current. US Citizenship and Immigration Services will be flooded with I-485 Adjustment of Status applications on July 2nd, the soonest the cases can be filed. Processing times for the Adjustment's interim work and travel authorization are expected to increase beyond their current 90 day times. USCIS has confirmed that Adjustment filings must have all of the requirements (medical clearances, birth certificates, etc.), or the application will be rejected. The priority dates could retrogress to their current levels, or further back, as soon as August 1st, but definitely by October 1st, once enough green cards have been issued for the 2007 fiscal year. Unfortunately, with the end of the comprehensive immigration reform bill, mentioned above, we are not likely to see an increase in the number of employment based green cards anytime soon. Once an Adjustment of Status is filed, an applicant can continue to secure work and travel authorization extensions, until the Adjustment can be decided.
more...
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doesntmatter
04-12 12:08 AM
have you ever took a vacation day off faking ill-health either of yourself or somebody you know? when its convenient for us, we tend to legitimize what we do, when somebody else does it, they have to suffer. And oh no, you are not selfish, you are just jealous
Enough is enough. I am ready to sign this.
I have 3 real names. All were working for Cognizant. One had 3 years of exp. Cooked up with 4 years of B.Tech and totalled it as 7 years. Came on L1 as PM and applied in EB1. He got GC in less than 1 year. Other 2 had real 7 years exp and got GC's in 8 months. All were working at Client's place and NOT intra company transfers.
I am not selfish. But I am sure this guy with 3 years exp may one day become a boss for any of us.
This misuse will hurt the genuine cases. Shall we we go serious and complaint? I am ready to sign and submit all the proof.
Enough is enough. I am ready to sign this.
I have 3 real names. All were working for Cognizant. One had 3 years of exp. Cooked up with 4 years of B.Tech and totalled it as 7 years. Came on L1 as PM and applied in EB1. He got GC in less than 1 year. Other 2 had real 7 years exp and got GC's in 8 months. All were working at Client's place and NOT intra company transfers.
I am not selfish. But I am sure this guy with 3 years exp may one day become a boss for any of us.
This misuse will hurt the genuine cases. Shall we we go serious and complaint? I am ready to sign and submit all the proof.
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nyte_crawler
09-25 12:26 PM
Anything with the legislative effort aka unused visa recapture will not happen in this political environment.
My only question to the EB3I is,
Do you want to wait until the visa recapture, when ever it happens or will it ever?. More-over this has been taken up by many people in this forum and fizzled. To add more, do you know what will happen when un-used visas are recaptured ? Will it benefit EB3I or will it be given to EB2 just like the spill over. Would you do something right now to atleast get some short term relief to EB3I ?
I am here in this thread to understand what we can do for EB3I immediately. I presented an option when somebody asked in this thread. If you want to take it or leave it, its up to you to decide.
My only question to the EB3I is,
Do you want to wait until the visa recapture, when ever it happens or will it ever?. More-over this has been taken up by many people in this forum and fizzled. To add more, do you know what will happen when un-used visas are recaptured ? Will it benefit EB3I or will it be given to EB2 just like the spill over. Would you do something right now to atleast get some short term relief to EB3I ?
I am here in this thread to understand what we can do for EB3I immediately. I presented an option when somebody asked in this thread. If you want to take it or leave it, its up to you to decide.
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roseball
08-17 10:20 AM
With PD of 2003 you are not far from getting the card in your hand :D
I hope so. Some of my colleagues got their I-140 and I-485 approved at the same time when I-140 was filed with request to port earlier PD. I am hoping for the same...
I hope so. Some of my colleagues got their I-140 and I-485 approved at the same time when I-140 was filed with request to port earlier PD. I am hoping for the same...
santb1975
04-14 02:31 PM
I am going to walk the SF event with my Aunt. She told me she cannot run but she wants to come with me to the SF event. While she supports me to get my Green Card I support her Healthy and Active Living. That gets Team IV another US Citizen and a Doctor as a participant
amitjoey
01-18 12:48 PM
Well I am one of those guys who visits immigrationvoice almost on a daily basis and benefit a lot, but never bothered to even think about making a contribution.
The reason behind this is not so much a matter of not wanting to contribute, but just a preconceived notion of "What difference can my contribution make".
Your post is certainly an eye opener.
We complain so much about the lack of a quick turnaround for our issues, yet expect someone else to work to resolve the problem, while shamelessly hoping to benefit from the resolution with zero participation in the efforts.
Sorry IV, for my past indifference. I have started my monthly $20 contribution and hope to increase it in the near future.
Thankyou lutherpraveen not just for contributing, but being bold and sharing your thoughts. You made a difference already.
need 896 more members like you.
The reason behind this is not so much a matter of not wanting to contribute, but just a preconceived notion of "What difference can my contribution make".
Your post is certainly an eye opener.
We complain so much about the lack of a quick turnaround for our issues, yet expect someone else to work to resolve the problem, while shamelessly hoping to benefit from the resolution with zero participation in the efforts.
Sorry IV, for my past indifference. I have started my monthly $20 contribution and hope to increase it in the near future.
Thankyou lutherpraveen not just for contributing, but being bold and sharing your thoughts. You made a difference already.
need 896 more members like you.