Word: foreigners
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Dates: during 2000-2009
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...quick action by the president and his advisors in the midst of this truly frightening recession deserves praise. We are disappointed, however, that certain members of Congress have used this recession as an excuse to enact legislation that makes it all but impossible for financial firms to hire skilled foreign graduates of American universities, including Harvard. A little-known provision in the ARRA classifies all firms receiving federal bailout funds from the Troubled Assets Relief Program as H-1B dependent, legally mandating them to find American citizens or legal permanent residents to fill any job opening before offering a position...
...Moreover, closing the job market to highly skilled workers from abroad is detrimental to the international competitiveness of the U.S. economy. If foreign graduates of American universities are unable to find work in the United States, they are likely to take jobs in other countries with more liberal immigration systems, such as the United Kingdom, Canada, or New Zealand. As such, the debate over the H-1B program is not merely a question of “saving American jobs”—these new policies could actually threaten our nation’s long-term economic health...
...passed the highest set of import duties in American history, the Smoot-Hawley Tariff Act. The results were disastrous; according to the State Department, “while the tariff might not have caused the Depression, it certainly did not make it any better. It provoked a storm of foreign retaliatory measures… Such policies contributed to a drastic decline in international trade...
...Carmakers, including foreign nameplates such as Toyota, Nissan, Volkswagen and BMW, argue that the goals embedded in the California regulations are basically unattainable under current conditions, which include a severe shortage of cash for innovation and research. "This is the worst auto market since World War II," says Julie Becker of the Alliance For Automobile Manufacturers, representing both foreign and domestic nameplates. Adds Eric Fedewa, vice president at CSM Worldwide, a forecasting firm based in Northville, Mi.: "Our analysis suggests that allowing California and other states to regulate CO2 emissions, and thus fuel economy, will further damage companies that...
...Environmentalists are insisting that one of the conditions of continuing federal assistance to the automakers is that they withdraw their support for the federal lawsuit filed by the Alliance for Automobile Manufactures in California, which up until now has been supported by both domestic and foreign carmakers...