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  • krishmunn
    04-18 05:55 PM
    Way to go JimyTomy.

    For all well qualified EB-3 folks it is a good and legal way of getting out of this EB-3 India mess.

    Many in IV will know that I have never opposed legal porting. However, I disagree that this is a way to get out of the mess. There is a fixed total number of Visa available. Per current rule this first comes to EB2 and is consumed completely leaving nothing for EB 3. If all (or majority) EB 3 moves to EB 2, the chocking will be in EB2 . So the "mess" just shifts its position.

    The true way is -- 1) Recapture, 2) Exclude dependents from Visa Number





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  • akred
    08-25 12:33 PM
    Second the idea of using an ATM card for this purpose. You can get an ATM card for your parents or relatives in India from your local credit union or bank in the US.





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  • sathyaraj
    11-06 02:32 PM
    Deleted..as per IV moderstars inputs





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  • hopefull
    05-24 03:30 PM
    What we are seeing and hearing in congress is the overwhelming ignorance and lack of understanding of the contributions made by H1B and GC aspirants to the US economy. There is the wise saying that "Everything happens for a good reason". We have been trying so hard for last 2-3 years to make these politicians realize and to make corporate America realize that they need to do something about our problems because of our value proposition. Apparently all these calls have only backfired and caused the anti-immigrationists to lobby even harder and pull the strings of politicians to make them do as they please. Whether we like it or not, unless the raw brunt of a mass exodus of educated work force is not felt by this country, there is no way for them to understand how wrong they are. EB category has never had loyal support. All of the corporate america support has rested on the need for H1B. We have been abused by this system and forced to feel that we have abused this system. I think we have been told in a million ways by now that we need to find a Plan B. I feel bad yet no remorse for the thousands of H1Bs who do nothing to support the cause of organizations like IV. As someone once said, most of them are very laid back and will not worry about the problems untill someone tells them to buy their return tickets back home. We are very happy with eating samosa and tea and do not have the perspective to realize what threats lie on the horizon. I say this based on actual conversations with some of these people who literally scoff at me and think I am off my rocker when I discuss the repurcussions of no reforms. Like the prehistoric animals who did nothing to adapt in the full view of changing environmental conditions, these laid back folks will realize only too late.

    based on SKIN(Software Knowledge against INdians) BILL and for Cherry Pickers



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  • pbojja
    10-03 12:24 PM
    Now tell me who give me red and for what ? Just let me know the reason . Dont just give a red for disagreeeing with your views ..give reds if we use foul language, which I never will

    I m EB2 guy and support porting .





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  • smisachu
    08-01 05:34 PM
    Hi smisachu,

    Could you explain what you mean by this? Are you referring to "Flash Trading"
    or the whole of HFT?

    Yes Flash trading, ELP (enhanced liquidity program), direct access trading and even other program trading. The programs seek out discreet blocks that are being routed into the market and front run them. The main culprit according to many is GS. And to acheive a significant alpha the size and leverage are huge. Some program with a bug will dump a lot of shares on the market some day and before any one can react. Here is an article on some info that was made available only to bloomberg users.

    "Lime Brokerage: "The Next 'Long Term Capital' Meltdown Will Happen In
    A Five-Minute Time Period."

    Posted by Tyler Durden at 11:25 AM
    A recent Bloomberg piece that for some reason was made available only
    to terminal subscribers, provides a very interesting discussion on the
    dangers of sponsored access, how the associated pre-trade vs post-
    trade monitoring deliberations by "regulators" will influence short
    selling curbs, and not surprisingly, the desire by Goldman to not only
    dominate this yet another aspect of high-frequency trading, but to
    dictate market policy at will.
    What is sponsored access:

    In sponsored access, a broker-dealer lends its market participation
    identification (MPID) number to clients for them to trade on exchanges
    without going through the broker's trading system, to avoid slowing
    down the execution. That places responsibility on the broker-dealer to
    make sure the participant abides by securities regulations, and that
    its trading, which can involve hundreds or thousands of orders a
    second, does not run amok.

    Is it thus surprising, that none other than Goldman Sachs is muscling
    its way into providing not only a sponsored access platform to its
    clients, but a new form of sponsored access that needs the blessing of
    regulators:

    Wall Street heavyweight Goldman Sachs, now launching its own sponsored-
    access service to lend clients its identification to access securities
    exchanges directly, said last week it favors monitoring client orders
    prior to execution.


    "Our view is that there is a real need for pre-trade checks in the use
    of sponsored access to fulfill [broker-dealers'] regulatory
    responsibilities," said Greg Tusar, managing director at Goldman.


    Goldman's stand in favor of pre-trade instead of post-trade monitoring
    of sponsored clients' activity is one side of a debate in which
    regulators may choose a middle ground. The regulators' decision on how
    to monitor sponsored access may also influence their deliberations on
    restricting short sales.

    What is the difference between pre-trade and post-trade monitoring? In
    brief:

    Pre-trade

    Compliant with Reg SHO
    Nip problems before they happen
    View activity across exchanges

    Post-trade

    Faster order executions
    Pre-trade systems still fallible
    And another tidbit:

    In traditional sponsored-access arrangements, a broker-dealer
    determines a client's suitability to access market centers directly
    and then allows the client to trade without monitoring its individual
    orders prior to execution.

    In other words, the Goldman endorsed pre-trade approach will allow
    "monitoring of individual orders prior to execution." Whether or not
    pre-trade checks provide the capacity to observe not just wholesale
    exchange activity in the context of sponsored access but from a much
    broader market angle is a discussion for another time, although this
    could be one place where Sergey Aleynikov could shed an infinite
    amount of light, especially as pertains to Goldman's sponsored-access
    service. Conveniently, his gag order will prevent him from saying much
    if anything until such time as there is an appetizing settlement to
    keep him gagged in perpetuity. The bottom line is that with a pre-
    trade environment, the sponsored access providers will be able to have
    the potential to front run all those who use their platforms. The
    residual question of how far they go to comply with regulations to
    prevent this from happening, and remain true to their ethics standards
    is also a topic for another day.

    Going back to the topic at hand. Here is why sponsored access could
    easily be quite a bother to capital markets sooner rather than later:

    Unchecked errors or unintended repeat orders could deplete broker-
    dealers' capital, and potentially wreak havoc in the broader market.
    Concerns have arisen, however, about whether all broker-dealers are
    able to fulfill that duty in today's electronic trading environment,
    and according to which standards.

    And here Goldman chimes in to not only promote their proposed
    architecture but to expound on the virtues of pre-trade checking.

    "In the case of high-frequency trading, in particular guarding against
    technology failures, oversized orders and other situations where
    there's potentially systemic market impact, we believe strongly that
    pre-trade checks are a prerequisite," Tusar says.

    Nasdaq's proposal as well as Securities and Exchange Commission
    officials' speeches a few months ago appeared to lean toward
    bolstering the traditional approach.


    "We don't believe that's strong enough or what the regulators want
    now, because of the potentially dire consequences, and because we-as
    broker-dealers-bear much of that risk," Tusar says.


    Now the reason why this is very relevant in the context of not just
    potential front running, but also market structure is that Regulation
    SHO, which is the primary regulatory framework for short selling (and
    the purvey of potential Uptick Rule reinstatement, which will happen
    once the market is allowed to hit a bid) is a post-trade
    architecture.

    Wedbush [Morgan] routinely tests clients' systems to ensure they are
    compliant with Reg SHO. In addition, he says, the brokerage sets
    limits on clients available locates-as well as credit and trading
    limits--before the start of each trading day that its system tracks,
    prohibiting shorts without locates and providing a type of pre-trade
    check.

    Or as has recently become the case, seeing rolling buy ins in the
    middle of the day as borrowable shares in even the most liquid stocks
    mysteriously disappear (look at today's market action for yet another
    blatant example of this practice).

    Anticipating the regulators' likely response, one should not be
    surprised to see them siding with Goldman and against shorters:

    As the SEC also seeks to appease investor concerns over rampant short
    selling, especially naked short selling, new sponsored-access
    standards may provide part of the solution. Given that day-traders may
    be the last remaining culprits of such activity,, increasing and
    standardizing scrutiny over their trading may reduce uncovered (and
    illegal) shorts even further.

    How about appeasing concerns over rampant, unjustified buying? When
    will the downtick buy rule be implemented? But we jest.

    And I digress again. Why should all this be concerning to advocates of
    stability of high-frequency trading:

    The mother of all concerns is a sponsored firm's algorithm going awry
    and executing thousands of problematic trades across a range of
    securities and market centers.

    Well, this is not really a problem when it happens to the upside as
    has been the case for months now - it is only a threat when Joe
    Sixpack's 401(k) may be impacted, i.e., to the downside.

    And here is where a SEC Comment submitted by broker Lime Brokerage is
    a very troubling must read by all who naively claim that High-
    frequency trading is a boon to an efficient market (which doesn't
    provide . Well, yes and no - it is, until such moment that it causes
    the market to, literally, break. I will post a critical excerpt from
    the Lime submission, and leave the rest to our readers' independent
    analysis:

    Lime's familiarity with high speed trading allows us to benchmark some
    of the fastest computer traders on the planet, and we have seen CDT
    (Computerized Day Trading) order placement rates easily exceed 1,000
    orders per second. Should a CDT algorithm go awry, where a large
    amount of orders are placed erroneously or where the orders should not
    have passed order validation, the Sponsor will incur a substantial
    timelag in addressing the issue. From the moment the Sponsor�s
    representative detects the problem until the time the problematic
    orders can be addressed by the Sponsor, at least two mintues will have
    passed. The Sponsor�s only tools to control Sponsored Access flow are
    to log into the Trading Center�s website (if available), place a phone
    call to the Trading Center, or call the Sponsee to disable trading and
    cancel these erroneous orders � all sub-optimal processes which
    require human intervention. With a two minute delay to cancel these
    erroneous orders, 120,000 orders could have gone into the market and
    been executed, even though an order validation problem was detected
    previously. At 1,000 shares per order and an average price of $20 per
    share, $2.4 billion of improper trades could be executed in this short
    timeframe. The sheer volume of activity in a concentrated period of
    time is extremely disruptive to the process of maintaining a �fair and
    orderly� market. This shortcoming needs to be addressed if the
    practice of Naked Access is going to be permitted to continue;
    otherwise, the next �Long Term Capital� meltdown will happen in a five-
    minute time period.



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  • abandookwala63
    05-01 10:09 PM
    No LUDs on my and my wife's 485 yet. We filed in July 2007 and processing center is at TSC

    I got a soft LUD on my I 129 on 4/26/09. Last LUD was on my renewal in 2007. What does it mean ?





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  • gcformeornot
    07-02 08:45 AM
    reasons...

    I have seen many of my friends doing H1 for their spouses..... while their spouces have no experience what so ever..... employers help them cook their resumes..... in these cases employee has something to hide.... so they pay
    H1 fees, stay on bench for few months......and never complain...

    Now a days many companies send people on L1 visa. On L1 you have no choice. If you can't get H1 in April you are slave to the employer.... also with L1 there is no stipulated salary like H1.... so employers pay whatever they feel like and not market rate.....but since many employees have desire to stick around in US and save some Green... pay of their debts in home country.... they stay with same employer without complaining......



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  • arrarrgee
    07-19 09:00 AM
    I hope you are not kidding...i feel so guilty now...i posted this to the CORE on another thread..

    "guys..Could you pls let us know why we have 100 as the minimum amount for contribution...i also noticed that the recurring contribution is 50 instead of the usual 20. Guys dont get me wrong. I wanted to call up my friends and ask them to contribute for IV...but i guess we should let them decide the minimum amount...or atleast have 50 and 20 as the minimum and recurring contrubutions respectively...I myself wanted to sigh up for the recurring contribution...but 50 every month hits me on my face..
    Even economics says so..haven't you heard of the Laffer Curve?"

    No. It's not a typo. I had met Aman in a conference in December. He was talking about selling his house to contribute to IV (I really hope he didn't have to). But he has contributed a small fortune to this effort.





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  • lacrossegc
    12-02 01:07 AM
    strategically , you dont want the other side to know this info ...
    seriously ...
    I agree ... if we come up with a serious pay as you go policy ... say even one cent per posting/reading from everyone... that way it will be fair ...

    I do not intend to question IV and its members who are pretty diligent about things, are entirely trustworthy and neither have they given us any reason to think otherwise. IMHO the monthly thing does not work. Some people cannot afford monthly payments due to other commitments (some are less fortunate than others). They may opt for one time payments rather than monthly payments.

    I think what we need is target oriented funding drives. For example:

    What are the objectives for the lobbying effort this year and consequently how much money do we need for lobbying efforts? $100,000, $200,000 or $500,000

    By putting collection targets up front we can direct our energies towards that target. I know that every cent counts and every dollar will be beneficial. But if we don't know and don't communicate what our target is we can never focus on the goal. A monetary target for a clear objective is something many people can relate to and a one time payment is more attractive than monthly payments.

    Cheers



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  • picky
    06-19 07:38 PM
    Heres my entry. I call it the iOtter. Anyone else here addicted to otter pops?





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  • gc2005
    11-16 12:05 PM
    the one going on currently...SKIL bill will definetly help us stuck for years in waiting



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  • letstalklc
    09-11 02:18 PM
    Just a correction SBI charges Rs. 25 for every transaction whether < 1000 or more.

    Service charge of Rs.25/- (inclusive of Service Tax @ 12.36%) will be levied on every transaction where foreign currency conversion is carried out w.e.f. 16 May 2008.

    As per experience, they will not charge if you transfer money directlty into SBI branch in India and if it is Greater than 1000 USD into other than SBI branch, they will not charge even that 25 rupees service charge... It was my experience till last week....you can check with customer support specailist on this.....





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  • sunny1000
    12-13 08:49 PM
    .



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  • rimzhim
    02-07 12:10 PM
    And not just because I am from EB-3 ROW.

    But, because everything that I have learnt seems to indicate that EB-3 ROW is getting a lot of visa numbers. So why the hell would it be stuck??
    because there is a very large number of ppl in EB3-ROW.





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  • tonyHK12
    04-20 06:41 PM
    a special "Debate thread" (not fight :) ) where anything goes is probably not a bad idea at this point. where certain members who want to debate can be granted access

    The constant hijacking of every thread is getting tiresome. :(

    Its only the instigators and flamers, who would want that thread. Personal attacks should be banned on threads. Most people are happy just debating.

    The person initiating or using provocation for a personal attack should be banned after a couple of warnings. The victim has no such restrictions and is allowed to retaliate as much as he wants.



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  • geesee
    04-01 08:55 AM
    I too got soft LUD yday - 31st March for both mine and wife's applications. Looks like a straight forward update query in the database ;)





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  • snathan
    01-17 02:45 PM
    hey snathan

    how about a addnl category in the survey

    people who are not on h1 but willing to contribute

    I am sure there will be some ;-)

    cinqsit

    Could not modify the poll.





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  • brshankar
    08-11 12:23 PM
    Done





    dr_vroeg
    06-08 09:02 AM
    ben, you still want to wait until the 30th?





    WaldenPond
    03-13 12:12 PM
    I completely disagree with your message here. You dont even know what the personal reason for not participating in a state chapter is. I, for one, am unable to join a state chapter, because , the nearest chapter is 400 miles and 2 states away. What good would it do to me to join something that I can never be part of. I wanted to start a state chapter here in my place, but I couldnt find any useful resources on how to do it. May be eb3_nepa has some reasons like it.

    Like you said, IV is not a top-down organization, which means everyone is responsible for everyone. I dont see anything wrong with eb3_nepa's questions. He wanted to know what is going on. I am sure there are lots of people around here who has the same questions.

    The Admin Fixes letter campaign was a good initiative. But, the target date got moved twice, and now I dont even know when the end date is.

    May be IV should be a top-down organization. Any organization as big as IV would probably be better served with a Top Team. That team could probably elected by the community. I am confident, that most of our members wouldnt even mind spending a few extra bucks to pay a honarary amount to this team for their efforts and time. Then there will be more structure and accountability and action going on around here.

    I came to know about IV pretty late. When I did learn about IV and joined IV, I was a very enthusiastic participant. Of late, I do believe IV is fading away. I dont see so many activities going on around here. Like eb3_nepa and few others said, IV is right now becoming just another Immigration portal. It is starting to lose its identity.

    After doing all the hard work to gather a mass or like minded people, it will be shameful, if IV drifts away from its stated aim. So, may be it is time for every member, including core members like you to refect upon things and come up with ways to make this organization more transparent and more accessible for people like me.

    Like Waldenpond said, it is probably not wise to list all the items going on in the portal. The work around to that would be, we can add another membership type which is more restrictive. This membership group will have only members whose identities have been verified. Once this group is created, IV can post all the happenings accessible to them. This will help people like me who are unable to be part of any state chapter to know what is happening at IV. Keep our sprits high.

    Thank you

    When you join a state chapter or a group in your area, it is not necessary to conduct face-to-face meetings everyday/every week, although in person meetings wouldn't hurt. The idea is to create a channel to dissipate information through channels other than WWW. Believe it or not, there are lot many folks from anti-groups who lurk around just to keep an eye on us. Participating or becoming part of the group near to you and encourage others to do the same will also help to build/strength a group of like minded folks in the area who could then team-up to meet with local lawmakers from your area/state. We are a grass roots organization and we need to have a stronger grassroots in order to continue to be more effective. As I said earlier, this channel also is very useful to dissipate information which cannot be shared on world wide web.

    Now a days when everybody has presidential election on their mind, immigration issue is not on the list of things to do for most lawmakers. As such, it takes time for the updates and the there are updates that cannot be disclosed on www. We continue to work on our issues in manner we have always worked in the past. And in the absence of Congress not taking up our immigration issues, it some how becomes our fault even though it is ok if some folks would show up from time to time and suggest that they have reasons not to join a google or a yahoo group. And all of a sudden the problem is with organization and the manner in which we work and then there is an urgent to create a “process”. Although you seem to be suggesting that you want all the ducks in the row and world peace issues sorted out before you will start accepting updates in exactly the manner in which you like to receive them. Is that correct? How about the idea of getting actively involved in your area and create an active chapter, which was your idea to begin with, and one I would agree is an excellent idea.

    It is of'course a valid question - “what is going on”. Also it is a very general statement and one which can have a very long answer and one which can be answered in few words. If you become part of a group in your area, you will know what is going on. Please understand that a significant number of members are putting lot of effort, if others are not able to participate actively, is it not fair to ask others to help in organizing in groups in the local area and be regular communication so that action items could be handled effectively?



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