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sirozha said:My town is inundated with H1B-visa Indians who have replaced 50% or more of American IT personnel. About 35% of doctors are Indian on H1B visas. They have pushed Americans out of the jobs here, and these are not manufacturing jobs. These are high-tech and medical jobs. As a result, housing prices are through the roof. These temporary Indians are buying several houses each on interest-only loans, knowing full well that they are going to have to leave within 5-6 years and can simply abandon their houses (if the market turns down) with no consequences. Their monthly mortgage payments are significantly lower than apartment rentals because of the ARM-type loans that they take out. In the meantime, they are collecting rents on the multiple houses that they purchased with no credit history and no permanent status here. How can a temporary worker buy a house in the US on a mortgage is beyond comprehension. We have not learned anything from the 2009 housing crash.
If we don't want to manufacture anything, we don't want to build anything, we don't want to work in agriculture, we don't want to study sciences, we don't want to work as engineers, we don't want to be doctors, what the hell are we good for? Are we going to be pigs for the rest of the world to raise until we get fat enough to be slaughtered?
We can have robotic factories built in the US and train our citizens to maintain and program robots. If we don't know how to do this, let's invite Chinese, Japanese, and Germans to help us out, pay them handsomely, and learn how to make our own crap efficiently by leveraging the latest robotic technologies for manufacturing. This could not be done three decades ago, but with the advance of technology, it is now possible.
riss said:What a joke... just like EU commmison and their digital initiatives disconnected from market realities
nunzy said:Phil Schiller really hit it out of the ballpark with this PR strategy.Not trying to profit? How could Tim even keep a straight face?
this is how they increase their stock value. they can’t innovate, so they bleed their customers to death. maybe it’s time to switch.
If this isn’t enough to convince you, maybe the fact that at&t is in bed with the NSA will convince you. It is a well known fact that they (the NSA) occupy an entire floor in the at&t building in San Francisco.