Suffice it to put things like this. Before the special dividend, Micro$oft was sitting on $56 billion in cash.
If they had invested that in US Treasuries -- the "risk-free" rate of return according to financial types -- at the low point in the interest rate cycle, they would have had approximately $1 billion per year "risk free" with which to hire American techies.
All this without jeapordizing either the principal or the cash flow from continuing operations.
And remember that the cash hoard was built up before the current offshoring craze, meaning they built up the money paying prevailing wages.
So this is just unforgivable greed on the part of the executives.
NO cheers, unfortunately.
See also this vanity on "the education of the US student"...
"So this is just unforgivable greed on the part of the executives."
Come on. You've been on FR long enough. You haven't been educated by the free traders?!
No greed is unforgivable. All actions are justified by saying a "corporation" exists to make profit. This allows justification of immoral and unethical acts by blaming it on the corporation. (Never, ever acknowledge that a corporation is comprised of human beings). Corporations are not nationalistic, until they need help guarding their interests. Then the corporations become AMERICAN, and support the troops.
Those are lessons I've learned here at FR.
Lou Dobbs Tonight/Broken Borders aired 3/22/07
These are the LEGAL foreign workers, etc. we allow in now.
There's a lot of distortion here. I think it's important to get these facts out.
Two million people legally admitted to the United States each year. In addition - 14 percent of those, by the way, those people given permanent residency are from Mexico. Two million people legally admitted to the United States. Four hundred thousand skilled foreign workers and their families receive H-1 visas each year.
Nearly 900,000 other legal foreign workers are admitted on some type of employment visa.
Six-hundred sixty thousand student visas are issued every year.
And 455,000 people given temporary employment transfers.
Help me out. What are we trying to do here? I mean, we have a lawful immigration system that brings in 2 million people a year, plus all of these other workers that overwhelms any other immigration system in the world. All of Russia, all of the European Union combined can't even come close to matching our immigration levels. And that's a population 40 percent higher than our own. Help me out.
http://transcripts.cnn.com/TRANSCRIPTS/0703/22/ldt.01.html
If I posted what I really felt about the H1-B's and the shills and whores pushing for them, I'd be lucky if I *merely* got banned.
***Same here. I think I dislike pure "free trade" for the same reason I dislike the welfare state: neither of them work even though they sound like great ideas at first. Another reason why I like Duncan Hunter.
The fair trade thing has been with us for a long time and will probably show itself in many forms, from Smoot-Hawley to H1B Visas. Here's a good thread on Visa abuse.
http://www.freerepublic.com/focus/f-chat/705954/posts
Debunking the Myth of a Desperate Software Labor Shortage
Testimony to the U.S. House Judiciary Committee
Subcommittee on Immigration
Dr. Norman Matloff
Department of Computer Science
University of California at Davis
Davis, CA 95616
(530) 752-1953
matloff@cs.ucdavis.edu
©1998, 1999, 2000, 2001
Presented April 21, 1998; updated February 4, 2002
I would much rather we get our new immigrants through H1B visas than through the current system of chain migration and self-selected illegals. We are taking in over a million legal immigrants a years and 500,000 to 1 million illegal aliens.