Donald Trump's merit-based immigration system may benefit Indians

Agencies
August 3, 2017

Washington, Aug 3: President Donald Trump announced his support for a legislation that would cut in half the number legal immigrants allowed into the US while moving to a "merit-based" system favouring English-speaking skilled workers for residency cards.

If passed by the Congress and signed into law, the legislation titled the Reforming American Immigration for Strong Employment (RAISE) Act could benefit highly-educated and technology professionals from countries like India.

The RAISE Act would scrap the current lottery system to get into the US and instead institute a points-based system for earning a green card. Factors that would be taken into account include English language skills, education, high- paying job offers and age.

"The RAISE Act will reduce poverty, increase wages, and save taxpayers billions and billions of dollars. It will do this by changing the way the US issues Green Cards to nationals from other countries. Green Cards provide permanent residency, work authorisation, and fast track to citizenship," Trump said at a White House event to announce his support to the RAISE Act.

Standing along with two top authors of the bill — Senators Tom Cotton and David Perdue - Trump said the RAISE Act ends chain migration, and replaces the low-skilled system with a new points-based system for receiving a Green Card.

This competitive application process will favour applicants who can speak English, financially support themselves and their families, and demonstrate skills that will contribute to our economy, he said, adding that the RAISE Act prevents new migrants and new immigrants from collecting welfare, and protects US workers from being displaced.

"That's a very big thing. They're not going to come in and just immediately go and collect welfare. That doesn't happen under the RAISE Act. They can't do that. Crucially, the Green Card reforms in the RAISE Act will give American workers a pay raise by reducing unskilled immigration," he said.

Trump said this legislation will not only restore America's competitive edge in the 21st century, but it will restore the sacred bonds of trust between America and its citizens.

"This legislation demonstrates our compassion for struggling American families who deserve an immigration system that puts their needs first and that puts America first," he said.

Noting that the current over a half-century old system is "an obsolete disaster", Senator Cotton said that it is time for it to change.

"First, we bring over a million immigrants into this country a year. That's like adding the population of Montana every single year; adding the population of Arkansas every three years. The vast majority of those workers -- or those immigrants come here not because of their English-language abilities or their job skills, or their job offer, or their educational attainment," he said.

In fact, only one in 15 out of a million new immigrants come here because of their job skills and their ability to succeed in this economy, Cotton said.

The RAISE Act will be re-orienting Green Card system towards people who can speak English, who have high degrees of educational attainment, who have a job offer that pays more, and a typical job in their local economy, who are going to create a new business, and who are outstanding in their field around the world, he added.

Senator Perdue said the current system does not work. "It keeps America from being competitive, and it does not meet the needs of the economy today," he said.

"Today we bring in 1.1 million legal immigrants a year. Over 50 per cent of our households of legal immigrants today participate in our social welfare system. Right now, only one 1 out of 15 immigrants who come into our country come in with skills that are employable. We've got to change that," he said.

Perdue said he looked at the at best practices. "We looked at countries like Canada, Australia, and others. What we're introducing today is modeled on the current Canadian and Australian systems. It's pro-worker, it's pro-growth, and it's been proven to work. Both have been extremely successful in attracting highly skilled workers to those countries," the Senator said.

"We can all agree that the goals of our nation's immigration system should be to protect the interests of working Americans, including immigrants, and to welcome talented individuals who come here legally and want to work and make a better life for themselves. Our current system makes it virtually impossible for them to do that," said the Senator.

According to Attorney General Jeff Sessions, the higher entry standards established in this proposal will allow authorities to do a more thorough job reviewing applicants for entry, therefore protecting the security of the US homeland.

The additional time spent on vetting each application as a result of this legislation will also ensure that each application serves the national interest, he observed.

"The American people deserve a lawful immigration system that promotes our national interest. The RAISE Act would give us a more merit-based immigration system that admits the best and the brightest around the world while making it harder for people to come here illegally," Sessions said.

"The bill would end programme known to be rife with fraud and abuse and finally improve the vetting process, making our country and working class wages much safer and stronger," said the Attorney General.

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News Network
April 2,2020

Washington, Apr 2: The total US death toll from the coronavirus pandemic topped 4,000 early Wednesday, more than double the number from three days earlier, according to a tally by Johns Hopkins University.

The number of deaths was 4,076 -- more than twice the 2,010 recorded late Saturday.

More than 40 percent of recorded deaths nationally were in New York state, the Johns Hopkins data showed.

On Tuesday the United States exceeded the number of deaths in China, where the pandemic emerged in December before spreading worldwide.

The number of confirmed US cases has reached 189,510, the most in the world, though Italy and Spain have recorded more fatalities.

After initially downplaying the threat from new coronavirus in the early stages of the US outbreak, President Donald Trump warned of "a very, very painful two weeks" to come for the country on Tuesday.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
January 23,2020

Jan 23: Hundreds of Central Americans trying to reach the United States were stuck at the Mexico-Guatemala border on Wednesday after the Mexican government beefed up security to meet US demands to contain migrant flows.

Under sustained pressure from President Donald Trump, Mexico's government has adopted tougher measures to reduce the number of people heading towards the U.S. border.

Migrants in Tecun Uman, on the Guatemalan side of the border, were taken by surprise.

"We thought we'd be allowed through just like with the October caravan when they reached Tijuana," said Honduran migrant Ritzy Anabel, who did not give her surname.

"People from Mexico and Guatemala treated them well. But now it's changed because Mexicans don't want (us) to enter."

Many Central Americans migrants heading north are fleeing economic hardship and violence at home. A large caravan of migrants crossed into Mexico and went north in October 2018. Migrants crossing into Mexico earlier this week faced tear gas from security forces, who delivered a firmer response than in previous mass movements at the border.

Even so, about 1,000 migrants, most of them from Honduras, managed to reach Mexican soil on Tuesday. Mexican Foreign Minister Marcelo Ebrard said several hundred of the new arrivals were immediately deported on planes and buses.

On Wednesday, Mexican authorities said that 460 Honduran migrants were deported throughout the day. Other migrants from the group, including families traveling with children, were pondering their next moves.

Honduran Carlos Amador said that while some of his compatriots were returning home, others were hoping for positive news.

Trump has repeatedly threatened to punish Mexico and Central American countries if they fail to clamp down on the migrant flows. That has resulted in a series of agreements aimed at delivering on Trump's campaign promises to curb immigration.

Department of Homeland Security Acting Secretary Chad Wolf called the measures put in place by the Mexican National Guard "effective", adding that dozens of his personnel was on the ground in Central America assisting local immigration and security officials. Trump tweeted: "Sorry, if you come you will be immediately sent back!"

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