Investing and Global Finance News

Monthly Archives: November 2014

Obama Easing Requirements for Talented Foreigners to Stay in USA

Students, aspiring businessmen and professionals can look forward to more lenient visa requirements from the US State Department as a

Barak Obama photo by Pete Souza
Barak Obama photo by Pete Souza

result of immigration reform introduced by President Obama. Behind the reform: the desire to stem the brain drain of talented, productive individuals who are getting their educations in the US and returning to their home countries, taking their much-needed skills with them.

When the reforms go into effect it is estimated that as many as 400,000 highly-skilled individuals will be eligible for visas to stay in the US.

“Are we a nation that educates the world’s best and brightest in our universities, only to send them home to create businesses in countries that compete against us, or are we a nation that encourages them to stay and create jobs here, create businesses here, create industries right here in America? That’s what this debate is all about,” Obama said.

Under the current policy students in highly technical fields like science technology, engineering and mathematics (STEM) in US institutions of higher learning will be able to apply for prolonged stays. Today, under the optional practical training program (OPT) these type of students can only stay legally for 29 months. The OPT program will also be expanded to include more kinds of course work.

Economy Unsure of Where Its Heading

September inventory and sales figures are helping renew optimism in the economic recovery after August figures fed fears that the economy was entering another slump. August’s bad news was found in the miniscule 0.1 percent rise in business inventories. August’s tiny rise was the smallest in over a year. August sales also fueled skepticism with… Continue Reading

Business About to Boom in Cannabis Industry

Last week’s midterm elections not only favored Republicans in overwhelming numbers, but also said yes to the continuing trend to liberalize marijuana laws. Two additional states joined Colorado and Washington in permitting recreational use of cannabis, along with an overwhelming vote in favor in Washington DC. As more states come aboard the weed wagon, it… Continue Reading

World Trade Center Re-Opens in Lower Manhattan

Just a tad more than 14 years after the horrifying events of September 11, 2001, a new building has re-opened on the site of the destroyed Twin Towers. Also called the World Trade Center, the country’s tallest building stands at 104 stories and cost $4.22 billion to construct. The new tower is the centerpiece of… Continue Reading