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Posts from the ‘Newswire’ Category

Jan 5

Obama in GM Chevy Volt

After Receiving Bailout, GM May Move Volt Production to China | The Blaze

Although it happened back in September, 2011, it appears many American taxpayers are unaware that General Motors struck a deal in Shanghai wherein the company has agreed to develop an electric vehicle (EV) platform with its longtime Chinese partner SAIC.

What else was included in this deal? GM has agreed to effectively move all future EV development to China. It could also mean that production of the vehicle itself will be moved overseas.

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Sam Kerch

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Jan 4

Business Insider

Chinese Premier Wen Jiabao Sends An Ominous Warning On The Economy | Business Insider

 

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Dec 24

Rules Stretched as Green Cards Go to Investors | New York Times

Ruth Fremson/The New York Times The International Gem Tower, under construction, in the diamond district.

By PATRICK McGEEHAN and KIRK SEMPLE Published: December 18, 2011

Affluent foreigners are rushing to take advantage of a federal immigration program that offers them the chance to obtain a green card in return for investing in construction projects in the United States. With credit tight, the program has unexpectedly turned into a mainstay for the financing of these projects in New York, California, Texas and other states.

The number of foreign applicants, each of whom must invest at least $500,000 in a project, has nearly quadrupled in the last two years, to more than 3,800 in the 2011 fiscal year, officials said. Demand has grown so fast that the Obama administration, which is championing the program, is seeking to streamline the application process.

Still, some critics of the program have described it as an improper use of the immigration system to spur economic development — a cash-for-visas scheme. And an examination of the program by The New York Times suggests that in New York, developers and state officials are stretching the rules to qualify projects for this foreign financing.

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Sam Kerch

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Dec 24

Foreign nationals arrive in Southwest Florida for a price, creating jobs

By BEN WOLFORD Posted December 17, 2011 at 5:45 p.m.

Allen Heise, 50, is building an upscale marina along a Port Charlotte waterfront. His method of financing, a federal program that grants visas to foreign investors, has attracted greater attention in a down economy. Ben Wolford/Staff Fast facts The EB-5 investment visa program was created as an economy booster by Congress in 1990. Some who run regional centers that funnel investments into projects say the risk is too high for investors, who are left utterly without protection. Others attack the notion of selling green cards for $500,000.

PORT CHARLOTTE — Along a weedy, forgotten waterfront, Allen Heise is investing more than $40 million to build an upscale marina, complete with a rooftop heliport. Once built, it will be a glamorous and lonely centerpiece in an area he says is “gonna hit.”

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Sam Kerch

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Nov 7

Phoenix Sky Harbor Airport at sunset

Arizona adds millionaire households in 2011 | Phoenix Business Journal

Phoenix Sky Harbor Airport at sunset

Arizona adds millionaire households in 2011
Phoenix Business Journal
by Adam Kress, New Media Editor
Date: Friday, October 28, 2011, 10:20am MST

Arizona has more than 117,000 millionaire households.Arizona added about 750 millionaire households in 2011, and held its No. 21 ranking for its number of high-net worth residences.

The new report published by Phoenix Marketing International found that Arizona has 117,843 millionaire households — or about 5 percent of the total households in the state.

The New York-based research company’s Global Wealth Monitor defines a millionaire household as one in which members have $1 million or more in investable, liquid assets, excluding retirement plans and real estate.

Read full article… Arizona adds millionaire households in 2011 – Phoenix Business Journal.
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Sam Kerch

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Nov 6

The Best Way to Invest in China Now

Smart MoneyBy ROBERT POWELL

The world is all in a dither about there being 7-plus billion people now living on this Earth. But the only people who seem to matter at the moment, really, are the 1.3 billion living, working and consuming in China right now.

Yes, China holds the purse strings. It’s seemingly controlling the world\’s agenda. And everyone is talking about the Chinese.

For instance, the Brookings Institution this week hosted a conference in which experts talked about China\’s master plan to rebalance its economy, primarily by emphasizing domestic consumption over China’s current model of export-led growth.

Plus, China is grabbing headlines as leaders of the G-20 nations meet in France this week to discuss global economic recovery and the ongoing debt crisis. What sort of concessions will China get in return for investing in the European Union?

Read full article The Best Way to Invest in China Now – SmartMoney.com.
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Sam Kerch

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Oct 25

While Americans Indulge in Over-consumption, Chinese Move Up by Enduring Hardship | Forbes

While Americans Indulge in Over-consumption, Chinese Move Up by Enduring Hardship – Forbes.

When I read the story of a young American woman selling her ova for $7,000 in order to pay off her credit cards, I kept thinking about young women I met in China. They earned about $100 a month, yet saved 80 percent of their incomes to help pay for their siblings’ education. I felt a huge disconnection. Although many people are worried that the middle class in the West is shrinking, Americans still enjoy immense privilege compared to the vast majority of people in the world. To many Chinese rural migrants, enduring hardship is their way of life.

On a hot summer day, I was roaming randomly down Jianguomen Avenue in Beijing. I found myself drawn to a place called Liang Zi Fitness. As soon as I stepped in the front door, six young ladies dressed in the traditional Qipao (pronounced chi-pao), a tradition one-piece body-hugging Chinese dress for women, gently bowed and greeted me, “Welcome, distinguished guest.

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Sam Kerch

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May 17

Arizona’s Asian population now fastest-growing in state

Arizona’s Asian population now fastest-growing in state.

Dianna Bui finished paying at the checkout counter and headed for the exit of Lee Lee Oriental Supermarket, a sprawling 50,000-foot grocery store in Peoria.

Her cart was filled with products from Vietnam. A bottle of nuoc mam nhi, fermented fish sauce. A package of taro cake, a type of root vegetable. Some frozen blue mackerel. All foods to remind her of home.

Bui, a native of Vietnam, is among the 85,000 new Asians in Arizona since 2000, according to data from the 2010 census.

The census counted 176,695 Asians in 2010. That is nearly twice as many as the 92,236 counted by the census a decade earlier. No other minority group grew at a faster rate.

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Sam Kerch

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Feb 1

How to make money in China


FORTUNE — What’s the right way to play China? Perhaps no investor knows the answer to that question better than Richard Gao, who has run the $3 billion San Francisco-based Matthews China Fund (MCHFX) since 1999.

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Sam Kerch

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Jan 17

Languages Needed, but No Plans to Learn

Languages Needed, but No Plans to Learn
By Joe Light

Demand for U.S. workers who speak foreign languages—especially Spanish and Chinese—should continue to grow over the next decade, but very few workers plan to study them.

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Sam Kerch

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Jan 8

Amy Chua - why chinese mothers are superior

Why Chinese Mothers Are Superior

By Amy Chua, Wall Street Journal

Can a regimen of no playdates, no TV, no computer games, and hours of music practice create happy kids? And what happens when they fight back? A Wall Street Journal excerpt from Amy Chua’s “Battle Hymn of the Tiger Mother.”


A lot of people wonder how Chinese parents raise such stereotypically successful kids. They wonder what these parents do to produce so many math whizzes and music prodigies, what it’s like inside the family, and whether they could do it too. Well, I can tell them, because I’ve done it. Here are some things my daughters, Sophia and Louisa, were never allowed to do:

  • attend a sleepover
  • have a playdate
  • be in a school play
  • complain about not being in a school play
  • watch TV or play computer games
  • choose their own extracurricular activities
  • get any grade less than an A
  • not be the No. 1 student in every subject except gym and drama
  • play any instrument other than the piano or violin
  • not play the piano or violin.

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Sam Kerch

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Jan 2

Wall Street Warms to China Story

Reuters | Apartments rise in China's Hubei province late last year.

Year-End Review of Markets & Finance:

Visiting China was considered an indulgence for most financial executives just a few years ago.

But when Berkshire Hathaway’s Warren Buffett, J.P. Morgan Chase’s James Dimon, Kohlberg Kravis Roberts’s Henry Kravis and Carlyle Group’s David Rubenstein all visited China in recent months, the trips were seen as something else entirely: crucial steps to keep their respective companies growing.

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Sam Kerch

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Jan 2

For Some Immigrants, The Ticket To A Visa Is A Check : NPR

For Some Immigrants, The Ticket To A Visa Is A Check
by Rob Schmitz
March 5, 2010 from KQED

You’ve got half a million dollars. You crave the American dream. May I interest you in a green card?

This may sound like a back-alley deal, but this is the arrangement thousands of wealthy foreigners have made with the U.S. government. The EB-5 visa offers a path to citizenship in exchange for investing in an American business. The numbers of these types of visas issued in the past two years have tripled, and around half of the visas are being snatched up by wealthy Chinese.

via For Some Immigrants, The Ticket To A Visa Is A Check : NPR.
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Sam Kerch

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Jan 2

Recession Fuels Spike In Foreign Investor Visas : NPR

Recession Fuels Spike In Foreign Investor Visas
by Jennifer Ludden
December 31, 2009

News of job creation programs has been widely reported lately, but there\’s one program that many people have never heard about: Under U.S. immigration law, foreigners can invest in an American business and, in exchange, receive a green card.

This has long been a small, obscure program, but as domestic sources of financing have dried up, the number of EB-5 visas issued this way has tripled in the past year.

For investor Brian Thompson and his wife, the motivation was to leave England for a place with better weather. A few years ago they put $500,000 into the redevelopment of a Seattle warehouse that is being turned into a hotel. Once it opens, Thompson hopes to make his money back and then some. But the immigrant investor program requires a certain degree of risk, and if the business venture falls through, so do the green cards.

via Recession Fuels Spike In Foreign Investor Visas : NPR.
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Sam Kerch

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Dec 28

The American dream of the Chinese rich

The American dream of the Chinese rich

For many of China’s wealthy, investing $500,000 in a US government program is the best way to obtain a green card – for them or their children. Duan Yan reports from Beijing.

Yvonne Liu, 22, wanted to stay in the United States after her university studies, and her mother, a 46-year-old wealthy Chinese businesswoman, figured out a way to make that happen.

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Dec 17

Monument Valley, Arizona USA

China-USA Education Services LLC

Chinese (Mandarin)

Spanish 
Esta Usted interesado en el Sueno Americano, Educacion Americana, Negocios en los Estados Unidos, Residencia Permanente para usted y su familia ? Nosotros tenemos conecciones en Estados Unidos que le facilitaremos. Contacte con nosotros en team@cnusa.co.

Italian 
Siete interessati nel Sogno Americano, educazione nel America, cominciare un ‘impresa nel America ed ottenere la Carta Verde per voi e vostra famiglia? Noi conosciamo le persone giuste che possono aiutare. Contatteci al team@cnusa.co.

Croatian
Jeste li zainteresirani za americki san, americku edukaciju, americki posao i zelenu kartu za Vas i Vasu familiju? Mi Vam mozemo pomoci. Imamo veze i rado cemo vam pomoci. Kontaktirate nas na team@cnusa.co.

Vietnamese

English 
Are you interested in American Dream, American Education, American Business and U.S. Green Cards for you and your Family? We have U.S. connections. Will facilitate. Contact team@cnusa.co.
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Sam Kerch

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