US immigration administration changes

bigbadwolf

bigbadwolf

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The invisible wall: how Trump is slowing immigration without laying a brick

Feist, who has worked in immigration law for 16 years and is a part of the American Immigration Lawyers Association media and advocacy committee, said a slew of small administrative changes have drastically slowed the visa process.

This includes things such as increased scrutiny of the H-1B visa for people in specialty occupations and a new requirement that people seeking employer-sponsored green cards be interviewed. For all visas, immigration lawyers have also seen an increase in challenges, or requests for evidence, from United States Citizenship and Immigration Services (USCIS), which oversees immigration.
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bigbadwolf said:
More pertinently, it will have an impact on those MFE students looking for subsequent employment and Green Card status in the USA.
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I have another question which might be off topic. if the US loses its appeal because of restrictive immigration policies, what's the plan B for MFE students? Are there other countries more welcoming to highly educated finance professionals?
 
TehRaio said:
I have another question which might be off topic. if the US loses its appeal because of restrictive immigration policies, what's the plan B for MFE students? Are there other countries more welcoming to highly educated finance professionals?
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The short answer to your last question is probably "no." The long answer is a trifle more problematic and has to be argued more carefully.

The US is the hub for global finance and will probably remain so for as long as the dollar remains the global reserve. But it's not clear how long this will remain so, as the country's economic and political strength continues to be whittled away. Secondly, and related to the USA's domination of global financial markets, finance has served as an ersatz substitute and as camouflage for the country's dwindling economic strength as it has continued on the trajectory of deindustrialization. How long it can continue as a substitute and camouflage is unclear. The US government's policy is just to print more fiat money until, well, there's no acceptance of the dollar by other countries. At that stage the game of finance will probably come to an abrupt and sticky end.

If you want to delve more deeply into this, glance at McCoy's In the Shadows of the American Century, which was published a few months ago.
 
linking a piece on trump and immigration from the guardian (a far left socialist website who support Corbyn - whom himself supports the current government in Venezuela) website is like asking a tea party member what he thinks of Obama.. you know what you are going to get - bullshit. for amusement i read it and yep - the guardian piece is crap - it is not even factual. whatever you think of DACA, it is illegal. calling it 'protecting undocumented youth' is not factually correct, rather it should be 'protecting illegal youth' or to be more general 'protecting illegal aliens'. from this perspective, his administration has removed a crap illegal overrule by Obama - that will not affect legal immigration. it against your narrative but there have been fewer deportations under Trump (in his first year) than Obama. people will still look to come over to the USA, be it to complete an MFE, to open up a business, to leave a socialist dump where you are forced to eat pigeons and rats, etc...

i object to nearly everything you say afterwards. USA's economy is doing extremely well - that is both thanks of Obama and Trump administration policies - so the country's economic strength is not being whittled away. why do you produce false statements? the political strength is more subjective but if you honestly believe that is the case, then i feel sorry for you - because to believe that, you must be an idiot. it is as simple as that.

most well developed country's have faced deindustrialisation. not just usa. you talk about the US pricing more fiat money - you do not talk about the EU doing that on a much bigger scale - US interest rates are positive - in EU and Japan they are negative up to 5 years. how can you attack USA on this front when it is actually USA's strength? it is just so stupid i do not understand if you are even thinking when you write these statements. my simple dummy reply would be - whatever you have said i can apply it to nearly any well developed country and it is actually worse of than the USA. there are only two assets one should ever trust with full certainty - the USD currency and gold.

not related to immigration but the market for MFEs is actually moving closer to that in the USA - in the Uk several universities are now offering MFEs with significantly higher prices, matching the USA market. why is that? the nature of supply and demand.
 
vertigo said:
not related to immigration but the market for MFEs is actually moving closer to that in the USA - in the Uk several universities are now offering MFEs with significantly higher prices, matching the USA market. why is that? the nature of supply and demand.
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I find this interesting. I know the UK has several MFE programs for years, many of them are in our Tracker (Birkbeck, Cambridge, Cass, Imperial, LSE). I am not too familiar with their market growth or the potential for employment amidst the Brexit movement. Maybe I should look more into this if the UK MFE market is getting parity with US.
 
Andy Nguyen said:
I find this interesting. I know the UK has several MFE programs for years, many of them are in our Tracker (Birkbeck, Cambridge, Cass, Imperial, LSE). I am not too familiar with their market growth or the potential for employment amidst the Brexit movement. Maybe I should look more into this if the UK MFE market is getting parity with US.
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The City of London is probably a much bigger part of the UK economy than Wall Street is of the US economy but I wouldn't know how to test this guess. Britain and the US both have outsized financial sectors, which are essentially parasitic on their national economies and arguably parasitic on the global economy as well. As Michael Hudson says somewhere, just about every sector of the US economy is shrinking -- except finance. The attempt by the US to maintain hegemony is about maintaining the influence of its outsized financial sector on the global economy.
 
Andy Nguyen said:
I find this interesting. I know the UK has several MFE programs for years, many of them are in our Tracker (Birkbeck, Cambridge, Cass, Imperial, LSE). I am not too familiar with their market growth or the potential for employment amidst the Brexit movement. Maybe I should look more into this if the UK MFE market is getting parity with US.
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Msc in pure mathematics / Msc in mathematical finance / Ratio :::

Imperial college london: £10,000 / £30,500 / 3.05
Warwick: £9,250 / £34,000 /3.67
MIT : ?? / £58,209 / ??

I could not find the cost of a Msc in pure mathematics at MIT... the point is that mathematical finance degrees are already priced to a premium compared to pure mathematics degrees - 3 times (or more) expensive. it would be interesting to see that ratio for an American college/

UK universities do not have the best reputation for MFE, they are still behind French universities... French universities have a much better reputation.
 
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