a2k2
09-21 12:46 PM
Pappu, what do you mean by "this may have delayed your greencard since July"? What is his mistake? I too have been trying all means since mid Aug. Is there something wrong with that?
Congrats ski_dude12. My personal opinion is that this may have delayed your greencard since July. Sometimes people get too anxious once their date is current and want to try everything that is possible to get approval. There is so much information and misinformation on forums.
Congrats ski_dude12. My personal opinion is that this may have delayed your greencard since July. Sometimes people get too anxious once their date is current and want to try everything that is possible to get approval. There is so much information and misinformation on forums.
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krishmunn
03-31 11:50 AM
Hi GC ON DEMAND, I think you are right... Looks like we did not receive any spill over from EB1 and EB2 ROW --- Here are the calcs...
Regular EB2 ROW gets 34,436 -- see below for break down
We know that EB2 gets 140,000 * 28.6% of visas which is 40,040.
Out of 40,040, 7% is allocated to china and an other 7% goes to India.
So EB2 ROW = 40,040 - 2*(40,040*7%) = 34,436 -------------------------------------------- (1)
In the document that you have, EB2 ROW received 27, 406 visas... How? see below
Total allocation for Eb2 (A1) - 53,872
India received (B1) - 19,961
China's received (C1) - 6,505
-------------------------------------------------
EB2 (ROW) net = A1-(B1+C1) = 27,406 -------------------------------------------------------- (2)
--------------------------------------------------
EB2 (I&C) Regular quota {2*(40,040*7%)} = 5,604 -------------------------------------------(3)
(1) - (2) - (3) gives the spill over from EB2 ROW to EB2 (I&C), which is 1,426
Which means EB2 ROW to EB2 I&C spill over is mere 1,426 ???? Hope we are wrong... this looks scary...
The calculation looks incorrect.
You considered the I+ C allocations and subtracted those in line 1. You again subtracted those in your final calculation.
The straight forward calculation is EB2 ROW is entitled to 34,436 (1) and they used 27,406 (2). So splillover was around 7 K.
Regular EB2 ROW gets 34,436 -- see below for break down
We know that EB2 gets 140,000 * 28.6% of visas which is 40,040.
Out of 40,040, 7% is allocated to china and an other 7% goes to India.
So EB2 ROW = 40,040 - 2*(40,040*7%) = 34,436 -------------------------------------------- (1)
In the document that you have, EB2 ROW received 27, 406 visas... How? see below
Total allocation for Eb2 (A1) - 53,872
India received (B1) - 19,961
China's received (C1) - 6,505
-------------------------------------------------
EB2 (ROW) net = A1-(B1+C1) = 27,406 -------------------------------------------------------- (2)
--------------------------------------------------
EB2 (I&C) Regular quota {2*(40,040*7%)} = 5,604 -------------------------------------------(3)
(1) - (2) - (3) gives the spill over from EB2 ROW to EB2 (I&C), which is 1,426
Which means EB2 ROW to EB2 I&C spill over is mere 1,426 ???? Hope we are wrong... this looks scary...
The calculation looks incorrect.
You considered the I+ C allocations and subtracted those in line 1. You again subtracted those in your final calculation.
The straight forward calculation is EB2 ROW is entitled to 34,436 (1) and they used 27,406 (2). So splillover was around 7 K.
singhv_1980
01-22 11:34 AM
worst case? yes.. it's mine..
My H1 revalidation appointment was on the 12-Dec. Visa was approved immediatly but haven't received the passport yet. I receive the same response when I call.. that its under PIMS verification. No ETA of when I can expect it to be done..
I had a H1 transfer to a new employer and 3 year extension happen at the same time. I am not sure what the problem is and what I can do. I am totally stressed out and really depressed ..
If someone has done something thats helped their case move along.. please PM me or reply to this post.. Thanks !
Dont be depressed buddy! I know its an aweful long time but hopefully soon things will turn good for you. You mentioned that it was a renewal case. When was your H1B issued initially?
My H1 revalidation appointment was on the 12-Dec. Visa was approved immediatly but haven't received the passport yet. I receive the same response when I call.. that its under PIMS verification. No ETA of when I can expect it to be done..
I had a H1 transfer to a new employer and 3 year extension happen at the same time. I am not sure what the problem is and what I can do. I am totally stressed out and really depressed ..
If someone has done something thats helped their case move along.. please PM me or reply to this post.. Thanks !
Dont be depressed buddy! I know its an aweful long time but hopefully soon things will turn good for you. You mentioned that it was a renewal case. When was your H1B issued initially?
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kkt_tkk
08-21 04:30 PM
Hi,
For this kind of phone service, we need Internet (or DSL) connection.
Currently I am paying to ATT for Internet(DSL) service, $30. I have lanline with them currently.
If I cancel land line phone service, my DSL fee may increase to $39 + Taxes, etc.
Can some one recommand best Internet provider info. , better service and price.
FYI, I am living in Michigan.
Thanks,
KKT
I remember 11 years ago calls to India were 75 cents per minute.
Now they are 1 cents a minute if you use Airtel.
This Vonage offer is truly revolutionary for international calling to the 60 countries listed. I suspect soon other VOP services in USA will start providing free calls to India once they see customers switching over to Vonage. This should include VOIP service providers that also provide internet and cable services. If they do not catch up, cable companies will lose customers in the phone sector. If ooma: Free home phone service. Call anywhere in the US with no monthly fees. (http://www.ooma.com/) , MagicJack or Skype provides this, it will be much for cost effective to customers.
Such services will help bridge the communication gap between immigrants in USA and their home countries. It will feel like making a local call to family and friends anywhere in the world.
For this kind of phone service, we need Internet (or DSL) connection.
Currently I am paying to ATT for Internet(DSL) service, $30. I have lanline with them currently.
If I cancel land line phone service, my DSL fee may increase to $39 + Taxes, etc.
Can some one recommand best Internet provider info. , better service and price.
FYI, I am living in Michigan.
Thanks,
KKT
I remember 11 years ago calls to India were 75 cents per minute.
Now they are 1 cents a minute if you use Airtel.
This Vonage offer is truly revolutionary for international calling to the 60 countries listed. I suspect soon other VOP services in USA will start providing free calls to India once they see customers switching over to Vonage. This should include VOIP service providers that also provide internet and cable services. If they do not catch up, cable companies will lose customers in the phone sector. If ooma: Free home phone service. Call anywhere in the US with no monthly fees. (http://www.ooma.com/) , MagicJack or Skype provides this, it will be much for cost effective to customers.
Such services will help bridge the communication gap between immigrants in USA and their home countries. It will feel like making a local call to family and friends anywhere in the world.
more...
GCapplicant
06-29 04:35 PM
I always thought, the system was fair, it was only the overwhelming numbers of immigrants from certain countries that made it look unfair....but the closer I get to the stage where DOS decisions start impacting me, the more I realize that the system is not fair at all. The game of visa numbers and allocations is driven by white house politics alone...DOS being the spokesperson for the politics. Essentially the white house is directly throttling immigration through the DOS...on its own whims and fancy.
So, what made you import yourself here? You could have stayed back in your own country..by the way, coming on a H4 was a choice..it wasn't forced upon you...didn't you know before coming here that you would have to stay home on a H4? H4->F1, H4->H1...all these options are always open to you..
Do you respect others feelings here...
We are all here for some justice-no arguments-no offense
what r u...
Mind your langauage-Did u face any serious problems from some H4-
before you try to supress some ones feelings change your attitude-
So, what made you import yourself here? You could have stayed back in your own country..by the way, coming on a H4 was a choice..it wasn't forced upon you...didn't you know before coming here that you would have to stay home on a H4? H4->F1, H4->H1...all these options are always open to you..
Do you respect others feelings here...
We are all here for some justice-no arguments-no offense
what r u...
Mind your langauage-Did u face any serious problems from some H4-
before you try to supress some ones feelings change your attitude-
rodnyb
03-31 01:08 PM
Very well said.
1. DOS has to move fast in May to test if there are hidden demand (ppl who missed 07/2007 filing, porting, dependent filing). Those new filing cannot get be approved before October 2011. So they can move up to Nov/Dec 2006 safely in May. Also DOS/CIS, who communicate with each other for sure, will know they should process those pre-adjudicated cased first to clear the inventory.
2. In June, July, August, they could be cautious but still move ahead up to March 2007.
3. September is critical, as that time, if DOS doesn't want to waste any quota, (100% CIS cannot approve any cased filed in that month), they have to move to a point to get all quota used. Based on 12K/half year, or 12K/year from EB1, say 20K be safe this year from EB1. 7K from EB2 ROW as last year, 8K from EB3, 0 from FB (EB2 get only 10k/4 last year as 10K FB is divided by Eb1/2/3/4), and normal 2.8K for EB2 I/C each (6K total), there are total 41K possibly for EB2 I/C.
4. Porting (6K this year), New filing (ppl who missed 07/07 with PD before 07/07), could have a negative efffect
5. The inventory for EB2 I/C is about 34K before 07/2007 (based on DOS October/2010 and CIS inventory)
6. This is very close. Will DOS move beyond 07/2007 a little to allow new filings (those won't get approved in Sept) and also make CIS easier to clear all 07/2007? This will be a judgement call. I am 50/50 on that.
7. There are many factors that will play in the scenario.. But I am sure EB2 I/C 09/2011 PD will be pass
May 2007 100%
June 2007 80%
July 2007 60%
Sept 2007 30%
Nov 2007 10%
Dec 2007 or Current 0% (DOS/CIS learned the lesson)
Visa allocation chief mentioned in AILA comment that USCIS knows visa usage pattern. Which means that they know pending I 140 for EB1 in pipeline and they also know that average time to get approve new I 140 is X months ( 4 months ) so they know if person files in May 2011 chances are rare that he/she can get GC from 2011 quota.I am not saying is that applicant can't get it but when u look at I 485 complexity and add scrutinity on EB1 I 140 its more than 4 months to get GC from start to finish without any RFE.
That is why they are so confident to release quota now. which may bring date so much forward so that can attract new cases and move back dates to certain point in time. Specially this is how DOS does for all family based CP cases. When they think they have 10k visas coming they move dates to cover 15k out of which 12k may reply on time and they always have control to retrogress dates if they run out of visas.
Big question is how far they want to go and get new cases. If they don't go upto Mid 2008 in next 1 year , Eb2 will loose some visas to EB3 and dates for EB2 will be "C" , if they go with some calculated guess and usage pattern + buffer they should go well into early 2009 with in next 1 year.
1. DOS has to move fast in May to test if there are hidden demand (ppl who missed 07/2007 filing, porting, dependent filing). Those new filing cannot get be approved before October 2011. So they can move up to Nov/Dec 2006 safely in May. Also DOS/CIS, who communicate with each other for sure, will know they should process those pre-adjudicated cased first to clear the inventory.
2. In June, July, August, they could be cautious but still move ahead up to March 2007.
3. September is critical, as that time, if DOS doesn't want to waste any quota, (100% CIS cannot approve any cased filed in that month), they have to move to a point to get all quota used. Based on 12K/half year, or 12K/year from EB1, say 20K be safe this year from EB1. 7K from EB2 ROW as last year, 8K from EB3, 0 from FB (EB2 get only 10k/4 last year as 10K FB is divided by Eb1/2/3/4), and normal 2.8K for EB2 I/C each (6K total), there are total 41K possibly for EB2 I/C.
4. Porting (6K this year), New filing (ppl who missed 07/07 with PD before 07/07), could have a negative efffect
5. The inventory for EB2 I/C is about 34K before 07/2007 (based on DOS October/2010 and CIS inventory)
6. This is very close. Will DOS move beyond 07/2007 a little to allow new filings (those won't get approved in Sept) and also make CIS easier to clear all 07/2007? This will be a judgement call. I am 50/50 on that.
7. There are many factors that will play in the scenario.. But I am sure EB2 I/C 09/2011 PD will be pass
May 2007 100%
June 2007 80%
July 2007 60%
Sept 2007 30%
Nov 2007 10%
Dec 2007 or Current 0% (DOS/CIS learned the lesson)
Visa allocation chief mentioned in AILA comment that USCIS knows visa usage pattern. Which means that they know pending I 140 for EB1 in pipeline and they also know that average time to get approve new I 140 is X months ( 4 months ) so they know if person files in May 2011 chances are rare that he/she can get GC from 2011 quota.I am not saying is that applicant can't get it but when u look at I 485 complexity and add scrutinity on EB1 I 140 its more than 4 months to get GC from start to finish without any RFE.
That is why they are so confident to release quota now. which may bring date so much forward so that can attract new cases and move back dates to certain point in time. Specially this is how DOS does for all family based CP cases. When they think they have 10k visas coming they move dates to cover 15k out of which 12k may reply on time and they always have control to retrogress dates if they run out of visas.
Big question is how far they want to go and get new cases. If they don't go upto Mid 2008 in next 1 year , Eb2 will loose some visas to EB3 and dates for EB2 will be "C" , if they go with some calculated guess and usage pattern + buffer they should go well into early 2009 with in next 1 year.
more...
GC08
07-09 09:01 PM
Actually I thought they will not accept flowers. But for courtesy and humanity touch they are forwarding. Because of these atleast flowers have some purpose without wastage. This campaign will not have any impact on functioning of USCIS as they are following law. These mistakes are common in every Government organisations and time time mistakes are being corrected. Even congressional hearing happens and finds mistake they will prevent future mistakes like this. It is unlikely for affected persons to get relief immediately. But Many persons will get relief automatically on oct 2007 when DOS sets Cutoff date. I expect cut off date for EB3 2003 or 2004 and for EB2 2005.
I just felt that they did something that most people would not understand. I think the mess today is the result of a series of missteps they took. They not only mismanaged the whole green card thing but also mismanaged the public relations. Hopefully, they have learned from all these dramas. :cool:
I just felt that they did something that most people would not understand. I think the mess today is the result of a series of missteps they took. They not only mismanaged the whole green card thing but also mismanaged the public relations. Hopefully, they have learned from all these dramas. :cool:
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mirage
08-22 01:17 PM
Please don't get pissed with people telling you right or wrong. My take on EB-3 issue is write to Rep. Zoe Lofgren in large number, as far as I know she understand the Retrogression mess as a whole, but she's not aware the typicle problem faced by EB-3 because of the asylum(245i) given by the congress. If she would use this logic, she can go farther...
Some one gave me this comment saying
Show me where have I undermined IV efforts? And show me nonsensical or counterproductive posts that I have made -- that is, nonsensical or counterproductive to the cause of upholding the law (not pandering to a particular employment category/chargeability area).
I have done my homework, and I have understood the law properly. I have time and again given logical proof, along with the text of the law, as to why EB3 is eligible get the EB1 numbers at the same time as EB2. On the other hand none of the detractors have provided proof, or material that shows EB3 does not qualify.
And for all those holier-than-thou EB2, what is about the letter campaign to get NSC/TSC to process application according to PDs (no lawful basis for that), and asking the removal of NSC bosses and what not. You seem to have different standards when you are suffering, and when others are suffering. There is a word in the dictionary for that, look it up.
Some one gave me this comment saying
Show me where have I undermined IV efforts? And show me nonsensical or counterproductive posts that I have made -- that is, nonsensical or counterproductive to the cause of upholding the law (not pandering to a particular employment category/chargeability area).
I have done my homework, and I have understood the law properly. I have time and again given logical proof, along with the text of the law, as to why EB3 is eligible get the EB1 numbers at the same time as EB2. On the other hand none of the detractors have provided proof, or material that shows EB3 does not qualify.
And for all those holier-than-thou EB2, what is about the letter campaign to get NSC/TSC to process application according to PDs (no lawful basis for that), and asking the removal of NSC bosses and what not. You seem to have different standards when you are suffering, and when others are suffering. There is a word in the dictionary for that, look it up.
more...
contactkpatel@yahoo.com
08-13 02:34 PM
I noticed a soft LUD today on my wife's case but no update on mine. Does this mean anything...
PD - Oct 2005 - still waitin.........
PD - Oct 2005 - still waitin.........
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pappu
06-21 08:15 AM
If you have other answers from lawyers, you can post them. Make sure to post the lawyer's name. Do not post your opinion. Post legal advice given to you by your lawyer, with the lawyer's name. This will help members get accurate advice and not opinions.
more...
chanduv23
01-10 03:26 PM
I know that is ACT. But USCIS can interpret the provisions and make adjustments like what we are requesting. Similarly it can , IF THEY WANT TO, include a provision saying the job not only need to be in similar field, but it shall be in the same labor market because that is where you got your labor. I am not saying this is going to happen just because IVs effort.
If the intent of the similar job requirement is not to hurt the local talent because that is that job that is advertised for, the restriction of the same labor market will serve the same purpose.
That is a legitimate doubt and concern for some.
Chandu, I have great respect for your enthusiasm , but why do you have to be so hostile to a person that does not seem to think the way you are thinking. Different people react differently for the same news. I am not sure your rant has any back ground with any other post by the people you are pissed off about ;)
And the above answers concerns some may have and shuts them up. Shouting at them definitely will not help any body's cause. What has getting a GC to do with how you raise your children ?
Since when this immigration is a BIG issue in USA...... remember the BIG Rally ?? Some of the efforts with positive intentions may have a negative consequences in the short term or a long term.
The reason I post those strong words is because negative posters seem to influence people's decisions a lot. An example is , right during the rally time, I had negative people calling my wife and frightening her about the rally. She was always confused, and did not understand if she wants to support me for my efforts on mobilization or listen to them. It took a while for us to overcome her confusion. Negative posts and negative influence impact and hinder our efforts a lot. We do not need anti immigrants to cause damage, these negative posters do more damage than anti immigrants. One negaitve post can influence many people, as such it is very difficult to draw people for a good cause these days, people just do not want to cooperate or just are not motivated, negative posters demotivate the fence sitters.
If people are positive and cooperative they influence positively, they set an example for others to follow and that is what all the positive folks do, no matter what the negative influencers say or do, positive people always remain positive and try to guide people through examples.
"needhelp" is a good example of positive motivation - she does everything she can to set an example - if people learn from her - that is what we want
walking_dude - motivates people - dedicated to the cause
Above are positive examples
If the intent of the similar job requirement is not to hurt the local talent because that is that job that is advertised for, the restriction of the same labor market will serve the same purpose.
That is a legitimate doubt and concern for some.
Chandu, I have great respect for your enthusiasm , but why do you have to be so hostile to a person that does not seem to think the way you are thinking. Different people react differently for the same news. I am not sure your rant has any back ground with any other post by the people you are pissed off about ;)
And the above answers concerns some may have and shuts them up. Shouting at them definitely will not help any body's cause. What has getting a GC to do with how you raise your children ?
Since when this immigration is a BIG issue in USA...... remember the BIG Rally ?? Some of the efforts with positive intentions may have a negative consequences in the short term or a long term.
The reason I post those strong words is because negative posters seem to influence people's decisions a lot. An example is , right during the rally time, I had negative people calling my wife and frightening her about the rally. She was always confused, and did not understand if she wants to support me for my efforts on mobilization or listen to them. It took a while for us to overcome her confusion. Negative posts and negative influence impact and hinder our efforts a lot. We do not need anti immigrants to cause damage, these negative posters do more damage than anti immigrants. One negaitve post can influence many people, as such it is very difficult to draw people for a good cause these days, people just do not want to cooperate or just are not motivated, negative posters demotivate the fence sitters.
If people are positive and cooperative they influence positively, they set an example for others to follow and that is what all the positive folks do, no matter what the negative influencers say or do, positive people always remain positive and try to guide people through examples.
"needhelp" is a good example of positive motivation - she does everything she can to set an example - if people learn from her - that is what we want
walking_dude - motivates people - dedicated to the cause
Above are positive examples
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angelfire76
11-04 01:15 PM
Well, all the jobs you mentioned in your message now falls in Zone 4 i.e. Eb3.
Only option that person may have now is to change career altogether in the fields where desi consulting companies do not operate.
Job Zone 4 does not automatically translate to EB3. Even though the title maybe EB-3, if the requirements exceed normal requirements for jobs in Job Zone 4 then after a (successful) business necessity audit the candidate maybe able to file in EB2. After all I don't think DOL is that brain-dead (yet?) to say that somebody with 15 yrs exp is the same as somebody with 1 yr exp although they have the same job title (E.g. Software Engineer title at Google generally has more experience and education than a software engineer title at a desi consulting company even though both fall in job zone 4
Solar power here has inadvertently opened Pandora's box in the process of trying to solve a genuine cause for concern. For most IT people it is going to be very tough to get EB2 classification (especially if you are just out of school and have decided to apply for a green card). It is better for them to look out for research positions and apply under Computer Scientists as this will atleast enable them to apply under EB2. Is this a good thing: If you are non-IT yes, if you are IT no as it just convoluted the process even more.
Only option that person may have now is to change career altogether in the fields where desi consulting companies do not operate.
Job Zone 4 does not automatically translate to EB3. Even though the title maybe EB-3, if the requirements exceed normal requirements for jobs in Job Zone 4 then after a (successful) business necessity audit the candidate maybe able to file in EB2. After all I don't think DOL is that brain-dead (yet?) to say that somebody with 15 yrs exp is the same as somebody with 1 yr exp although they have the same job title (E.g. Software Engineer title at Google generally has more experience and education than a software engineer title at a desi consulting company even though both fall in job zone 4
Solar power here has inadvertently opened Pandora's box in the process of trying to solve a genuine cause for concern. For most IT people it is going to be very tough to get EB2 classification (especially if you are just out of school and have decided to apply for a green card). It is better for them to look out for research positions and apply under Computer Scientists as this will atleast enable them to apply under EB2. Is this a good thing: If you are non-IT yes, if you are IT no as it just convoluted the process even more.
more...
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mmanurker
11-25 03:21 PM
Interesting Example of how the bubble bursts!
Here's a very interesting anecdote that describes how an 'asset bubble' builds up and what are its consequences.
Read it even if it confuses you a bit:confused:...things will be clear as you reach the end....
ANECDOTE -
Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollar as there were only two pieces of 1 dollar coins circulating around.
1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, A and C now each own 1 dollar while B owned a piece of land that is worth 1 dollar.
The net asset of the country = 3 dollar.
3) C thought that since there is only one piece of land in the country and land is non produce able asset, its value must definitely go up. So, he borrowed 1 dollar from A and together with his own 1 dollar, he bought the land from B for 2 dollar.
A has a loan to C of 1 dollar, so his net asset is 1 dollar.
B sold his land and got 2 dollar, so his net asset is 2 dollar.
C owned the piece of land worth 2 dollar but with his 1 dollar debt to A, his net asset is 1 dollar.
The net asset of the country = 4 dollar.
4) A saw that the land he once owned has risen in value. He regretted selling it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollar from B and acquired the land back from C for 3 dollar. The payment is by 2 dollar cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollar. But since he owed B 2 dollar, his net asset is 1 dollar.
B loaned 2 dollar to A. So his net asset is 2 dollar.
C now has the 2 coins. His net asset is also 2 dollar.
The net asset of the country = 5 dollar. A bubble is building up.
(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollar. The payment is by borrowing 2 dollar from C and cancellation of his 2 dollar loan to A. As a result, A has got his debt cleared and he got the 2 coins.. His net asset is 2 dollar.
B owned a piece of land that is worth 4 dollar but since he has a debt of 2 dollar with C, his net Asset is 2 dollar.
C loaned 2 dollar to B, so his net asset is 2 dollar.
The net asset of the country = 6 dollar. Even though, the country has only one piece of land and 2 Dollar in circulation.
(6) Everybody has made money and everybody felt happy and prosperous.
(7) One day an evil wind blowed. An evil thought came to C's mind. 'Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollar in circulation, I think after all the land that B owns is worth at most 1 dollar only.'
A also thought the same.
(8) Nobody wanted to buy land anymore. In the end, A owns the 2 dollar coins, his net asset is 2 dollar. B owed C 2 dollar and the land he owned which he thought worth 4 dollar is now 1 dollar. His net asset become -1
dollar.
C has a loan of 2 dollar to B. But it is a bad debt. Although his net asset is still 2 dollar, his Heart is palpitating. The net asset of the country = 3 dollar again.
Who has stolen the 3 dollar from the country ? Of course, before the bubble burst B thought his land worth 4 dollar. Actually, right before the collapse, the net asset of the country was 6 dollar in paper. his net asset is still 2 dollar, his heart is palpitating.
The net asset of the country = 3 dollar again.
(9) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollar bad debt to B but in return he acquired the land which is worth 1 dollar now.
A owns the 2 coins, his net asset is 2 dollar. B is bankrupt, his net asset is 0 dollar. ( B lost everything ) C got no choice but end up with a land worth only 1 dollar (C lost one dollar) The net asset of the country = 3 dollar.
************ ****End of the story******* ********* ********* **
There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -
(1) When a bubble is building up, the debt of individual in a country to one another is also building up.
(2) This story of the island is a close system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the loser. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrain to take part in the game. At the end of the day, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) Instead of land, the above applies to stocks as well.
(9) The actual worth of land or stocks depend largely on supply and demand
Here's a very interesting anecdote that describes how an 'asset bubble' builds up and what are its consequences.
Read it even if it confuses you a bit:confused:...things will be clear as you reach the end....
ANECDOTE -
Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollar as there were only two pieces of 1 dollar coins circulating around.
1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, A and C now each own 1 dollar while B owned a piece of land that is worth 1 dollar.
The net asset of the country = 3 dollar.
3) C thought that since there is only one piece of land in the country and land is non produce able asset, its value must definitely go up. So, he borrowed 1 dollar from A and together with his own 1 dollar, he bought the land from B for 2 dollar.
A has a loan to C of 1 dollar, so his net asset is 1 dollar.
B sold his land and got 2 dollar, so his net asset is 2 dollar.
C owned the piece of land worth 2 dollar but with his 1 dollar debt to A, his net asset is 1 dollar.
The net asset of the country = 4 dollar.
4) A saw that the land he once owned has risen in value. He regretted selling it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollar from B and acquired the land back from C for 3 dollar. The payment is by 2 dollar cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollar. But since he owed B 2 dollar, his net asset is 1 dollar.
B loaned 2 dollar to A. So his net asset is 2 dollar.
C now has the 2 coins. His net asset is also 2 dollar.
The net asset of the country = 5 dollar. A bubble is building up.
(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollar. The payment is by borrowing 2 dollar from C and cancellation of his 2 dollar loan to A. As a result, A has got his debt cleared and he got the 2 coins.. His net asset is 2 dollar.
B owned a piece of land that is worth 4 dollar but since he has a debt of 2 dollar with C, his net Asset is 2 dollar.
C loaned 2 dollar to B, so his net asset is 2 dollar.
The net asset of the country = 6 dollar. Even though, the country has only one piece of land and 2 Dollar in circulation.
(6) Everybody has made money and everybody felt happy and prosperous.
(7) One day an evil wind blowed. An evil thought came to C's mind. 'Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollar in circulation, I think after all the land that B owns is worth at most 1 dollar only.'
A also thought the same.
(8) Nobody wanted to buy land anymore. In the end, A owns the 2 dollar coins, his net asset is 2 dollar. B owed C 2 dollar and the land he owned which he thought worth 4 dollar is now 1 dollar. His net asset become -1
dollar.
C has a loan of 2 dollar to B. But it is a bad debt. Although his net asset is still 2 dollar, his Heart is palpitating. The net asset of the country = 3 dollar again.
Who has stolen the 3 dollar from the country ? Of course, before the bubble burst B thought his land worth 4 dollar. Actually, right before the collapse, the net asset of the country was 6 dollar in paper. his net asset is still 2 dollar, his heart is palpitating.
The net asset of the country = 3 dollar again.
(9) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollar bad debt to B but in return he acquired the land which is worth 1 dollar now.
A owns the 2 coins, his net asset is 2 dollar. B is bankrupt, his net asset is 0 dollar. ( B lost everything ) C got no choice but end up with a land worth only 1 dollar (C lost one dollar) The net asset of the country = 3 dollar.
************ ****End of the story******* ********* ********* **
There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -
(1) When a bubble is building up, the debt of individual in a country to one another is also building up.
(2) This story of the island is a close system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the loser. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrain to take part in the game. At the end of the day, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) Instead of land, the above applies to stocks as well.
(9) The actual worth of land or stocks depend largely on supply and demand
tattoo amber rose pregnant wiz
ski_dude12
09-13 12:27 AM
Hopefully it is not a complicated RFE...
On Friday, I got SMS from USCIS that my case is updated and I should check status online. I checked my email. I was happy :) to see an email from USCIS and opened it excitedly with butterfly in stomach. Well it said..
"Your Case Status: Request for Evidence
On September 10, 2010, we mailed a notice requesting initial evidence in this case. Please follow the instructions on the notice to submit the evidence requested. Meanwhile, processing of this case is on hold until we either receive the evidence or the opportunity to submit it expires...........
"
Looks like I have to wait more :D
On Friday, I got SMS from USCIS that my case is updated and I should check status online. I checked my email. I was happy :) to see an email from USCIS and opened it excitedly with butterfly in stomach. Well it said..
"Your Case Status: Request for Evidence
On September 10, 2010, we mailed a notice requesting initial evidence in this case. Please follow the instructions on the notice to submit the evidence requested. Meanwhile, processing of this case is on hold until we either receive the evidence or the opportunity to submit it expires...........
"
Looks like I have to wait more :D
more...
pictures Wiz Khalifa amp; Amber Rose:
gg_ny
01-24 12:37 PM
Lufthansa is another option for no transit visa, cheaper ticket than NW, Emirates or Singapore airlnies, little bit security check at Frankfurt when returning .....
with emirates, there is a route via dubai (no torture) and one via hamburg + Dubai. I traveled via the second one twice on emergencies. you are ushered in a square box of a building with barbed wires and armed (fully armed and body armored, hand gunned, you-mongrel-looking) guards. There is even a special
barbed wire line for 'special immigrant' (read asylum or illegal migrants) inside though i have not seen it used. then comes double wammy security checks (show-me-your-baby'smilk-is-edible type). There is one bathroom for each gender that has useless (over 10 months)faucets and one bar (no shop for food). the layover reminded me of concentration camps. But it was still better than $274 ;-)
with emirates, there is a route via dubai (no torture) and one via hamburg + Dubai. I traveled via the second one twice on emergencies. you are ushered in a square box of a building with barbed wires and armed (fully armed and body armored, hand gunned, you-mongrel-looking) guards. There is even a special
barbed wire line for 'special immigrant' (read asylum or illegal migrants) inside though i have not seen it used. then comes double wammy security checks (show-me-your-baby'smilk-is-edible type). There is one bathroom for each gender that has useless (over 10 months)faucets and one bar (no shop for food). the layover reminded me of concentration camps. But it was still better than $274 ;-)
dresses Amber Rose Wiz Khalifa Kanye
eb_retrogession
02-18 08:36 PM
US Immigration Policy On The Table At The WTO
By Sarah Anderson
Immigration Daily, February 15, 2006
http://www.ilw.com/articles/2006,0215-anderson.shtm
By Sarah Anderson
Immigration Daily, February 15, 2006
http://www.ilw.com/articles/2006,0215-anderson.shtm
more...
makeup “Amber reportedly approached
gc28262
09-25 06:22 PM
Just a quick question for current Vonage users.
Currently I use Phone Power (VOIP, almost same as Vonage). They give me one nice feature called Remote Click 2 call. What it does is, if I am in office (where there is no long distance calling allowed), I login into my phonepower.com account and click on Remote Click2Call. This asks me to enter the number where I am at, and the destination number. So I get a call at my office phone and it connects me to the destination number. And there is no charge for this call.
Does Vonage offer this kind of feature? and can we make calls to India (under their India unlimited plan) using this feature?
Thanks.
Yes vonage has it.
Vonage - Standard Features - Click-2-Call (http://www.vonage.com/features.php?feature=click_2_call)
It should work for india call too.
Currently I use Phone Power (VOIP, almost same as Vonage). They give me one nice feature called Remote Click 2 call. What it does is, if I am in office (where there is no long distance calling allowed), I login into my phonepower.com account and click on Remote Click2Call. This asks me to enter the number where I am at, and the destination number. So I get a call at my office phone and it connects me to the destination number. And there is no charge for this call.
Does Vonage offer this kind of feature? and can we make calls to India (under their India unlimited plan) using this feature?
Thanks.
Yes vonage has it.
Vonage - Standard Features - Click-2-Call (http://www.vonage.com/features.php?feature=click_2_call)
It should work for india call too.
girlfriend hair If Amber Rose is pregnant
vsoni
05-04 02:12 PM
My lawyer told me, It may talke 2 to 4 week.
hairstyles is amber rose pregnant by wiz.
jay75
10-29 04:58 PM
I realized that this is important to me and to everyone, so I did. It took me just 5 mins....and I'm requesting my friends and co-workers to do this...
nilcritz
05-23 03:33 PM
Hi,
I do not have medical records to prove that I have taken some of the vaccination that is mandatory for the medical test. However, I do have taken those and my Doctor back in India has those records. Is there a way people know that these records in "any format" / a "specific format" can be faxed or fedexed here and can be used?
Any help will be highly apprciated.
- N
I do not have medical records to prove that I have taken some of the vaccination that is mandatory for the medical test. However, I do have taken those and my Doctor back in India has those records. Is there a way people know that these records in "any format" / a "specific format" can be faxed or fedexed here and can be used?
Any help will be highly apprciated.
- N
amitjoey
07-09 07:54 PM
We need media, print media. Talk shows, ?.? dont know.
