"Build America" Visa Replaces Green Card in Trump's New US Entry Plan

Agencies
May 17, 2019

Washington, May 17: Donald Trump has said he will replace the existing green cards with 'Build America' visa, as the US President unveiled a new merit and points-based immigration policy that seeks to increase the quota for highly-skilled workers from 12 to 57 per cent.

Every year the US issues nearly 1.1 million green cards, which gives foreign nationals life-time permission to live and work in the US and a path to citizenship in five years. Currently most of cards are issued based on family links and diversity visa, and a small section is given to people who are professionals and highly skilled.

Trump said on Thursday he wanted to change that and unveiled a new proposal. "Our proposal fulfils our sacred duty to those living here today, while ensuring America remains a welcoming country to immigrants joining us tomorrow. We want immigrants coming in," Trump said in a major immigration policy address in the Rose Garden of the White House.

"We cherish the open door that we want to create for our country, but a big proportion of those immigrants must come in through merit and skill," he said.

The White House plan makes no change to the number of green cards allocated each year. "Instead of admitting people through random chance, we will establish simple, universal criteria for admission to the United States. No matter where in the world you're born, no matter who your relatives are, if you want to become an American citizen, it will be clear exactly what standard we ask you to achieve. It will be made crystal clear," Trump said.

"This will increase the diversity of immigration flows into our country. We will replace the existing green card categories with a new visa, the Build America visa - which is what we all want to hear," Trump said amidst applause from the audience.

Trump said like Canada and many other modern countries, his administration seeks to create an "easy-to-navigate points-based" selection system.

"You will get more points for being a younger worker, meaning you will contribute more to our social safety net. You will get more points for having a valuable skill, an offer of employment, an advanced education, or a plan to create jobs," he said.

In the absence of such a system, America is losing people who want to start companies, and in many cases, are forced to leave the country and go back to the country where they came from, he said.    "They could've started them (companies) right here in the United States, where they wanted to do it in the first place. Now they'll have a chance," Trump said.

The President said priority will also be given to higher-wage workers to ensure the American labour is never undercut.    To protect benefits for American citizens, immigrants must be financially self-sufficient, he said.

"Finally, to promote integration, assimilation, and national unity, future immigrants will be required to learn English and to pass a civics exam prior to admission. Through these steps, we will deliver an immigration system that respects, and even strengthens, our culture, our traditions, and our values," Trump said.    According to the president, Americans with criminal records are getting a second chance at life in higher numbers than ever before.

Unfortunately, the current immigration rules allow foreign workers to substitute for Americans seeking entry-level jobs. "So, foreign workers are coming in and they're taking the jobs that would normally go to American workers," Trump said.

"America's immigration system should bring in people who will expand opportunity for striving, low-income Americans, not to compete with those low-income Americans," he said.

As a result of the broken rules, the annual green card flow is mostly low-wage and low-skilled, he rued, adding that the newcomers compete for jobs against the most vulnerable Americans and put pressure on social safety net and generous welfare programmes. "Only 12 per cent of legal immigrants are selected based on skill or based on merit.

In countries like Canada, Australia, and New Zealand that number is closer to 60 and even 70 and 75 per cent, in some cases," he said.    The biggest change his administration will make is to increase the proportion of highly-skilled immigration from 12 per cent to 57 per cent, Trump said. "We'd like to even see if we can go higher. This will bring us in line with other countries and make us globally competitive," he said.    At the same time, the current system prioritise the immediate family of new Americans - spouses and children, he said.

"The loved ones you choose to build a life with, we prioritise. And we have to do that. They go right to the front of the line. Right to the front of the line, where they should be," Trump said.

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News Network
June 12,2020

Jun 12: The global number of COVID-19 cases has increased to over 7.5 million, while the death toll was nearing 421,000, according to the Johns Hopkins University.

As of Friday morning, the overall number of cases stood at 7,500,777, while the deaths increased to 420,993, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US continues with the world's highest number of confirmed cases and deaths at 2,022,488 and 113,803, respectively, according to the CSSE.

In terms of cases, Brazil comes in the second place with 802,828 infections.

This was followed by Russia (501,800), the UK (292,860), India (286,605), Spain (242,707), Italy (236,142), Peru (214,788), France (192,493), Germany (186,691), Iran (180,156), Turkey (174,023), Chile (154,092), Mexico (133,974), Pakistan (125,933) and Saudi Arabia (116,021), the CSSE figures showed.

Regarding fatalities, the UK continues in the second position after the US with 41,364 COVID-19 deaths, which also accounts for the highest number of fatalities in Europe.

The other countries with over 10,000 deaths are Brazil (40,919), Italy (34,167), France (29,349), Spain (27,136) and Mexico (15,944).

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News Network
May 18,2020

Washington, May 18: US President Donald Trump on Sunday called his predecessor Barak Obama a ‘grossly incompetent president’.

The Trump’s reaction came after Obama on Saturday criticised the US authorities' response to the coronavirus outbreak.

“He (Obama) was an incompetent president. That’s all I can say. Grossly incompetent,” Trump told reporters at the White House on his arrival from Camp David.

Trump was responding to a question on the virtual commencement address by Obama a day earlier.

In his address to college graduates, Obama had said that the COVID-19 pandemic has exposed the American leadership.

“More than anything, this pandemic has fully, finally torn back the curtain on the idea that so many of the folks in charge know what they’re doing,” Obama said without naming officials.

“A lot of them aren’t even pretending to be in charge,” he added.

There was no immediate response from the office of the former president on the remarks made by Trump.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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