Jay Peak, Vt. - At this remote outpost by the Canadian border, Bill Stenger is overseeing what he says is the biggest economic development project that Vermont has ever seen. (Snip) But even more unusual than the size of the undertaking is the method by which Mr. Stenger and his business partner, Ariel Quiros, are financing it. They have tapped into a federal program that gives green cards, or permanent residency, to foreigners who invest at least $500,000 in an American business — the reward for the investment is a chance at United States citizenship.
Comments: So, if you wonder what the dRATS are doing about stealing jobs needed for the American public now and getting tax benefits to become ´´millionaires," look at this article. This will be the next playground of the "rich." Who will picket them? Imagine Al Qaeda buying in. Hmmm.
$500,000 is chump change for Pakistanis.They carry that much around in suitcase.They not only have tons of upfront money but plenty of cushion money if the business doesn´t take off right away.I knew a woman who ran a mall kiosk and had very poor revenues but the Pakistan owner was always out buying new stock even though it wasn´t selling.They have a feeding tube back to their own country and it wouldn´t surprise me if foreign aid gave them the resources.
If those rich foreigners enter into a good and profitable investment, they will get both their money back and permanent residency (A green card) and eventually US citizenship, you can´t beat that. The only problem is programs like that are wide open to big time fraud once a lot of foreigners start applying.
Most of those rich foreigners probably won´t even go through the entire US citizenship process that takes over 5 years, if they do, most will actually will be duel-nationals, having been granted US citizenship while keeping their home country citizenship.
Anyway once they get a "green card" that signifies permanent residency, they have got it made, as they can then come and go from the USA as they please, without almost any future immigration restrictions.
So far this has been a relatively small program, but in the future it may well be open season on American businesses and property by foreigners. Anytime the USA signs a free trade agreement the citizens of the foreign countries involved must be treated just as Americans are treated in financial transactions. So you can see a point where say the Chinese could start buying up tracts of American farmland now owned by families, turn those pieces of farmland into commercial farming operations and then hire American farmers to till the land under imported Chinese managers.
A porn performer who tested positive for HIV in Los Angeles is asking for privacy as the industry tries to determine the scope of the problem. "The performer deserves privacy and dignity at this difficult time, and we ask that our colleagues and the media respect the performer’s wishes for privacy unless he or she wishes to speak," the Free Speech Coalition, a porn industry trade group, said in a statement. The Free Speech Coalition said it was working to identify anyone who had sex with the infected performer. “We take the health of our performers very seriously and felt
In China on Thursday, Vice President Joseph R. Biden Jr. spoke plainly about the role of a free press in a democratic society. “Innovation thrives where people breathe freely, speak freely, are able to challenge orthodoxy, where newspapers can report the truth without fear of consequences,” he said in an address to American businesspeople living and working there. He was speaking against the backdrop of China’s restrictive policies on reporting by foreign news organizations; the Chinese government has so far declined to renew the visas of nearly two dozen reporters from The New York Times and Bloomberg News as a consequence
Jerusalem - Israeli Prime Minister Benjamin Netanyahu has decided not to attend a memorial service for Nelson Mandela this week because it is too expensive to travel to South Africa, Israeli media reported on Sunday. Netanyahu had notified the South African authorities that he would fly in but cancelled his plans at the last minute due to the costs involved -- around 7.0 million shekels ($2 million) for his transport and security alone, pubic radio and the Haaretz daily reported. "The decision was made in light of the high transportation costs resulting from the short notice of the trip and the security required for the prime minister
New Orleans - Things traditionally get started a little late down here, an inclination that runs from mealtimes to political races. But with nearly a year to go before the 2014 election, it is already open season on Senator Mary L. Landrieu, Democrat of Louisiana. (Snip) As Democrats look across the rest of the South, the outlook does not get much better. Ms. Landrieu, along with Senators Mark Pryor of Arkansas and Kay Hagan of North Carolina, is pretty much all that is left of Southern Democrats in the Senate. All three are up for re-election next year. And the outcome of their races could determine whether the Southern Democrat,
Even as five regulatory agencies prepared to vote Tuesday on a regulation that seeks to rein in risk-taking on Wall Street — an effort known as the Volcker Rule — lawyers and lobbyists were gearing up for another round of attacks against it. (Snip) The groups, including the U.S. Chamber of Commerce, are hinting that they could use litigation to either undercut or clarify the rule, which is intended to bar banks from trading for their own gain and limit their ability to invest in hedge funds. The rule, a cornerstone of the 2010 Dodd-Frank Act and a barometer for the overall strength of the regulatory overhaul, is aimed at
Afghan President Hamid Karzai agreed on a cooperation pact with Iran, despite continuing to resist signing a security agreement with the U.S., Reuters reported. Karzai made the deal with Iranian President Hassan Rouhani in Tehran Sunday. (Snip) Rouhani said Sunday his country opposes the presence of foreign forces in Afghanistan and the region, saying their presence generates tension, the official IRNA news agency reported. IRNA quoted Rouhani as telling Karzai: "We believe that all foreign forces should leave the region and that the security of Afghanistan should be handed over to people of the country."
US Secretary of State John Kerry reiterated on Sunday that Israel will be safer the day the recently-reached deal on Iran´s nuclear issue is implemented. Kerry, addressing the Brookings Institution´s annual Saban Forum, recognized Israel´s concern over Tehran´s disputed nuclear ambitions, saying the possibility of a weaponized nuclear Iran stood as an existential threat to Israel. "We will not allow Iran to acquire a nuclear weapon. Period. Not now, not ever," he said.
The question all week long was this: Who are you going to believe, an illegal alien or the president of the United States of America? Obviously, if it’s a president who once went by an alias, Barry Soetoro, you go with Uncle Omar, 100 percent, no questions asked. And so it was that the White House finally admitted to another, uh, misstatement — despite previous denials, Barack/Barry did sleep on his beloved Uncle Omar’s couch in Cambridge when he first moved here to attend Harvard Law School (speaking of which, we’re still waiting to see the president’s grades and his LSAT scores). But the
How do you get your arms around the catastrophe known as Obamacare? Is it even possible? At this point, I’m not sure it is. The list of individual disasters which threaten to ruin one-sixth of the U.S. economy and what has been, up until now, the best healthcare system in the world is exhaustive, and exhausting. The examples I will identify here barely scratch the surface. First but by no means foremost, we have the supposedly new and improved HealthCare.gov. Except it’s not, even the visible part. Stories still abound of people still failing to get in or to get through the enrollment
The National Highway Traffic Safety Administration has announced a new five-year strategic plan to improve safety for elderly drivers and passengers. Although they are statistically among the safest on the road, the number of older drivers is increasing dramatically — and with it, that group´s numbers of injuries and deaths. Since 2003, the population of older adults, defined as age 65 and older, has increased by 20% and the number of licensed older drivers increased by 21% to 35 million in 2012, according to NHTSA. Last year, NHTSA reported that 5,560 people older than 65 died and 214,000 were injured
A veteran Washington adviser who has worked for four Presidents on both sides of the political aisle said that the stunning Government Accountability Report report that found President Barack Obama has not had a one-on-one meeting with Health and Human Services Secretary Kathleen Sebelius since the passage of Obamacare over three years ago is an indictment of the entire White House operation and shows that the Obama administration has bordered on "malfeasance." "I have no doubt the White House is right, that Secretary Sebelius was in several group meetings with the president about health care," Gergen caveated, "but the whole
President Barack Obama’s Facebook page on Saturday posted a message honoring the dead from Pearl Harbor—accompanied by a picture of Obama descending the stairs next to the Pearl Harbor Memorial. The picture barely fits the name of the Arizona Memorial so it can frame Obama in the foreground. The post´s statement reads: Today, with solemn pride and reverence, let us remember those who fought and died at Pearl Harbor, acknowledge everyone who carried their legacy forward, and reaffirm our commitment to upholding the ideals for which they served. President Obama The Obama Administration´s current shipbuilding plan shrinks the size of
Barack Obama did not tell the whole story this autumn when he tried to make the case that Bashar al-Assad was responsible for the chemical weapons attack near Damascus on 21 August. In some instances, he omitted important intelligence, and in others he presented assumptions as facts. Most significant, he failed to acknowledge something known to the US intelligence community: that the Syrian army is not the only party in the country’s civil war with access to sarin, the nerve agent that a UN study concluded – without assessing responsibility – had been used in the rocket attack. In the months before the attack,
Dr. Ezekiel Emanuel, the hapless, goalpost-shifting so-called "architect" of Obamacare, told Fox News´ Chris Wallace on Fox News Sunday that President Barack Obama´s promise "if you like your doctor, you can keep your doctor" was absolutely true--with one important caveat: if you like your doctor, "you can pay for it." Wallace grilled Dr. Emanuel, challenging his false claims that California´s enrollment was keeping pace with the percentage of the young population necessary to keep the system afloat, and pointing out that the president´s promise on doctors would collapse once people lost their insurance or their