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kushaljn
09-17 01:47 PM
Here we go..Proceedings started. Wait.
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gsc999
07-19 04:17 PM
The donations that we make to IV will be part of the general corpus which will be used for lobbying. As one core member pointed out 99% of that fund is utilized for lobbying, I am guessing remaining 1% is spent on hosting IV website.
If you guys want to help Aman we could write a personal check favoring Aman. What do you guys think?
If you guys want to help Aman we could write a personal check favoring Aman. What do you guys think?
pansworld
12-13 04:42 PM
...and I agree with what you have to say. My replies below...
No. that's not the point. See, you can't force people.
agree
If X is "recurring contributor" now, he has done that willingly and that is the best essence for us.
whole heartedly agree
As long as people support the cause and organization "Willingly" we will have infinite horizons to grow. The moment you bring "Burocracy" in, ultimately momentum will die.. may be slowly or quickly. Historically, IV threads are the major attentive media to declare the existence. We should not kill that with any enforcement of "Paid membership"...It is always hard to wake people. If that would be easy than nobody would have used the word "Struggle"..right:). On other hand yes there is a dire need of increasing financial strength exponentially and that too quickly is at high priority. We need to think and find other ways and resources.
that is the challenge. but it is also a slow process. it took a couple of movements before a lot of members got on board. more results will bring more members. I support issue based funding. announce what the money is needed for and ask members to contribute. members who have a vested interest and are motivated in an issue will contribute. Would a person who vies for GC contribute for an H1B cap increase issue and vice versa?
it is also a guage of the support that IV has for an issue and its resolution. many members may not agree with what IV is doing and hence will not contribute. It makes for good collective decision making.
No. that's not the point. See, you can't force people.
agree
If X is "recurring contributor" now, he has done that willingly and that is the best essence for us.
whole heartedly agree
As long as people support the cause and organization "Willingly" we will have infinite horizons to grow. The moment you bring "Burocracy" in, ultimately momentum will die.. may be slowly or quickly. Historically, IV threads are the major attentive media to declare the existence. We should not kill that with any enforcement of "Paid membership"...It is always hard to wake people. If that would be easy than nobody would have used the word "Struggle"..right:). On other hand yes there is a dire need of increasing financial strength exponentially and that too quickly is at high priority. We need to think and find other ways and resources.
that is the challenge. but it is also a slow process. it took a couple of movements before a lot of members got on board. more results will bring more members. I support issue based funding. announce what the money is needed for and ask members to contribute. members who have a vested interest and are motivated in an issue will contribute. Would a person who vies for GC contribute for an H1B cap increase issue and vice versa?
it is also a guage of the support that IV has for an issue and its resolution. many members may not agree with what IV is doing and hence will not contribute. It makes for good collective decision making.
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number30
05-08 07:14 PM
Congrats DESI
US citizenship is a final stop for most/many immigrants. Post Sep 11, there has been a surge in nationalization applications because technically GC is like a long term visa to stay permanently. Therefore there is always a risk of losing GC because of DUI or other trivial or accidental issues etc.
Also post Sep 11, a lot of govt/sensitive projects that were available for GC only have been restricted to US Citizens. You lose a significant chunk of the available jobs market if you are a GC holder in the Maryland/DC/North Virgina area. In fact I know a lot of GC who kept their old passports but because of these hassles eventually decided for Naturalization.
Yes that is the one reason. Moreover i can get the Indian citizenship back by staying in India for 5 years on OCI card or PIO card. It is that simple. But Once i go back to India coming here is big problem. So I planned to take USC and Do an R2I later whenever i need or I want.
This week i became an USC after 9 years of stay in US. I can retain USC and stay in India. Came to US in 2000. Applied GC in 2002 Jan got the green card 2003 December with EB3
funny thing is While starting the Interview officer said " Oh you are a new immigrant" . I said I am here since year 2000. Officer replied you have just completed 5 years on Green card.
US citizenship is a final stop for most/many immigrants. Post Sep 11, there has been a surge in nationalization applications because technically GC is like a long term visa to stay permanently. Therefore there is always a risk of losing GC because of DUI or other trivial or accidental issues etc.
Also post Sep 11, a lot of govt/sensitive projects that were available for GC only have been restricted to US Citizens. You lose a significant chunk of the available jobs market if you are a GC holder in the Maryland/DC/North Virgina area. In fact I know a lot of GC who kept their old passports but because of these hassles eventually decided for Naturalization.
Yes that is the one reason. Moreover i can get the Indian citizenship back by staying in India for 5 years on OCI card or PIO card. It is that simple. But Once i go back to India coming here is big problem. So I planned to take USC and Do an R2I later whenever i need or I want.
This week i became an USC after 9 years of stay in US. I can retain USC and stay in India. Came to US in 2000. Applied GC in 2002 Jan got the green card 2003 December with EB3
funny thing is While starting the Interview officer said " Oh you are a new immigrant" . I said I am here since year 2000. Officer replied you have just completed 5 years on Green card.
more...
cygent
01-30 05:12 PM
Voted It is #23 now
Ramba
10-07 03:26 PM
True, but you are forgetting the basic definition of demand. Demand is willingness to buy supported by ability to buy. If you are from any metros in India, think how many of your Non-IT, mainstream friends draw more than Rs. 50,000 per month? How can someone making even Rs. 50,000 a month afford 50 Lakh flat?
If there are 10 people drooling out side Ferrari showroom that does not mean there is demand for 10 Ferrari :)
Cheers
ArkBird
I understand. Even for NRI it is difficut to afford now. The issue is the numbers. How many H1b and L1s come to US from 1990 t0 2008. Very very conservative estimation wil be atleast 2 million. This estimation ignores other NRIs in other country. Apart from this there are many resident IT folks makes 6 digit salary plays the role. If most of them tries to buy, we need to find another India. Indian real estates become a NRI colony,
If there are 10 people drooling out side Ferrari showroom that does not mean there is demand for 10 Ferrari :)
Cheers
ArkBird
I understand. Even for NRI it is difficut to afford now. The issue is the numbers. How many H1b and L1s come to US from 1990 t0 2008. Very very conservative estimation wil be atleast 2 million. This estimation ignores other NRIs in other country. Apart from this there are many resident IT folks makes 6 digit salary plays the role. If most of them tries to buy, we need to find another India. Indian real estates become a NRI colony,
more...
psczd4
12-14 09:21 PM
I am planning to get my visa stamped at the chennai consultate in January 2008. I will be visiting for 3 weeks and was wondering whether such a situation will persists during the month of January...
Thanks,
Thanks,
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JazzByTheBay
12-13 05:40 PM
What I've said is: IF you think....
If you don't think that way, this doesn't apply. :)
So please stop taking it personally and stop getting all worked up about it... :)
jazz
I do not appreciate you pretending to know what I think of everyone in here and their work. (Which just for the record I appreciate very much!)
Simply put: I did not and do not think of anyone in here as an idiot.
So please refrain from saying that in future.
If you don't think that way, this doesn't apply. :)
So please stop taking it personally and stop getting all worked up about it... :)
jazz
I do not appreciate you pretending to know what I think of everyone in here and their work. (Which just for the record I appreciate very much!)
Simply put: I did not and do not think of anyone in here as an idiot.
So please refrain from saying that in future.
more...
mallikonnet
07-16 07:17 PM
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fasterthanlight�
05-30 11:14 PM
Does the deadline have to be so farking close!?
more...
nixstor
07-28 11:44 AM
PMP is a good idea. But is that what you exactly want to do? Figure out. I work with PM's every day and in my company it is a pre requisite for every PM to have PMP on Resume before the Hiring Managers look at their Resumes. How ever, I personally feel that the project manager's job is mundane. Some times I even wonder whether these guys know any thing other than putting some M$ docs and ppt shyt together (doesnt hold good for all PM's) with all the info they gleaned from their managers and others in project. Is it that difficult? May be, this is happening in my company only or I am being blind because they do get paid in 6 digits. But it will definitely help you grow in an organization esp in the managerial ladder. You gotta lose something to get something. I am seriously considering taking up GMAT prep but my situation holds me back as my wife cant work.. blah blah.. What ever.
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saurav_4096
10-09 05:47 PM
I have a valid H1 approval till 2011 and used AP for my previous india visit. Right now i am transfering my H1 to a new company.
I asked my lawyer if i was on H1 status or not? She replied, Unitl you use EAD, i will be on H1B Status.
and also we can transfer our H1 to new company also. thats what i am doing now.
hope this helps!! and this was the answer from 2 lawyers which i asked.
Duration for I-94 while entering on AP is same as validity for AP. I am not sure what will happen in the scenario below:
A person on H1B validity for two years enters US on AP, which was valid for an year. He/She gets I-94 for only one year. in case person do not have any travel plan for next two year, will he be out of status after year as I-94 would have expird after one year and he/she kept working for H1B sponserer for two years.
Another questuon is Does renewed AP also comes with new I-94, like H1B renewals?
Saurav
I asked my lawyer if i was on H1 status or not? She replied, Unitl you use EAD, i will be on H1B Status.
and also we can transfer our H1 to new company also. thats what i am doing now.
hope this helps!! and this was the answer from 2 lawyers which i asked.
Duration for I-94 while entering on AP is same as validity for AP. I am not sure what will happen in the scenario below:
A person on H1B validity for two years enters US on AP, which was valid for an year. He/She gets I-94 for only one year. in case person do not have any travel plan for next two year, will he be out of status after year as I-94 would have expird after one year and he/she kept working for H1B sponserer for two years.
Another questuon is Does renewed AP also comes with new I-94, like H1B renewals?
Saurav
more...
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amsgc
12-13 12:55 AM
Just wondering how we can make this a paid site which works and where everyone wins. Here are some thoughts in the wee hours:
0) Read for Free
1) Monthly paid subscription (recurring contributors):
a) can post without restriction.
b) get important updates
2) If you don't have a monthly contribution -
a) Your first 5 posts are free
b) After that you can buy "points" to post on IV (say minimum chunk of 25 points for $50 bucks).
To post a message, it costs you a point. If you have a question, then a couple of bucks is a small amount to have your questions answered. However, without incentive people will not answer questions (because it would also cost to post responses/experiences). So, lets say I post a response to your question, then if you (or any member who posted before me) thinks that my response was useful, and adds value to that thread, can give me a "+" which adds to my chunk of points.
This way, only people who have serious queries will post their questions, and those who are confident about their answers will post a response. It will reduce noise on the website and will become a better resource of information. Unfortunately a lot of good stuff gets lost between people venting their frustration and providing incorrect advice.
Ofcourse, we can make certain threads free to post - such as the funding drive, media drive, state chapters etc.
If you really really want lots of responses to your questions, you could also sponsor a thread - say $25 bucks where anybody can post a response for free, for a limited time.
Also certain threads can be made free to post on popular demand.
Ams
0) Read for Free
1) Monthly paid subscription (recurring contributors):
a) can post without restriction.
b) get important updates
2) If you don't have a monthly contribution -
a) Your first 5 posts are free
b) After that you can buy "points" to post on IV (say minimum chunk of 25 points for $50 bucks).
To post a message, it costs you a point. If you have a question, then a couple of bucks is a small amount to have your questions answered. However, without incentive people will not answer questions (because it would also cost to post responses/experiences). So, lets say I post a response to your question, then if you (or any member who posted before me) thinks that my response was useful, and adds value to that thread, can give me a "+" which adds to my chunk of points.
This way, only people who have serious queries will post their questions, and those who are confident about their answers will post a response. It will reduce noise on the website and will become a better resource of information. Unfortunately a lot of good stuff gets lost between people venting their frustration and providing incorrect advice.
Ofcourse, we can make certain threads free to post - such as the funding drive, media drive, state chapters etc.
If you really really want lots of responses to your questions, you could also sponsor a thread - say $25 bucks where anybody can post a response for free, for a limited time.
Also certain threads can be made free to post on popular demand.
Ams
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mirage
01-29 06:47 PM
I don't think there's a difference in time for EB-2, EB-3 or EB-1 labors. Its takes anywhere from 1 week to 2-3 months. My company filed 2 labors simultaneously one for me and one for a collegue. My friend's got approved next day(less than 24 hrs) mine took 70-80 days.
By the way, How long it takes to get EB2 labor these days?
By the way, How long it takes to get EB2 labor these days?
more...
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gsc999
07-11 06:33 PM
Got six. Need one more.
PM me your e-mail address.
PM me your e-mail address.
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vikram2101
08-22 01:50 PM
Here's an anecdote -
This was back in the late 80s, when I was growing up - in Bangalore.
India had just lost the Finals of a well fought [field] hockey match to Pakistan. We were all very disappointed by the loss, but it saddened me further to see a victory procession with waving Pakistani flags in the Muslim parts of the City.
Ofcourse, India is a secular country and more so the United States.. and you can cheer whoever you please..
But, If you chose to become a US Citizen, and US were in a battle with your country of Origin (let's narrow it down to Sports, to keep it less complicated), which country would you side? If I chose to side with my country of origin, it would make me a hypocrite, wouldn't it ?
This was back in the late 80s, when I was growing up - in Bangalore.
India had just lost the Finals of a well fought [field] hockey match to Pakistan. We were all very disappointed by the loss, but it saddened me further to see a victory procession with waving Pakistani flags in the Muslim parts of the City.
Ofcourse, India is a secular country and more so the United States.. and you can cheer whoever you please..
But, If you chose to become a US Citizen, and US were in a battle with your country of Origin (let's narrow it down to Sports, to keep it less complicated), which country would you side? If I chose to side with my country of origin, it would make me a hypocrite, wouldn't it ?
more...
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arunkotte
07-19 10:18 AM
Viral,
There is not much we can do. From Greg's yesterday's latest response that there were very few which were returned/rejected on July 2nd itself and this thread proves that we are not alone ...there are so many and status is unknown. Matthew Oh is also suggesting that it will be receipted. I think we are all safe and with time we will get receipt. Nobody...none of the attorney's are suggesting refiling. Now the thought that whether my packet was properly filed or not? I think that will always be there in the back of one's mind but if the attorney has done his/her job correctly I think we should not worry. Its not rocket science and documents required for filing are well known...so I would discount this risk. It appears we are all safe because as we all know that no rejection notices have been generated, packets if returned should have come back by now as per Greg....All in all it all points towards our packets being on hold there at respective centers....but as you rightly pointed out..towards the last week of July keep calling centers to know..but even before that keep eye on check clearing as that by far is the best and earliest clue that all is well with the case.
Stay tuned and I will keep on updating here on this nice thread that you created...i really appreciate it. Keep up the good work buddy!!
Best Regards,
I am in the same boat too. If the checks start clearing, then the ones filed on July 2nd will be the first. So please update if your checks clear and that will help us decide if we have to file again.
Thanks
There is not much we can do. From Greg's yesterday's latest response that there were very few which were returned/rejected on July 2nd itself and this thread proves that we are not alone ...there are so many and status is unknown. Matthew Oh is also suggesting that it will be receipted. I think we are all safe and with time we will get receipt. Nobody...none of the attorney's are suggesting refiling. Now the thought that whether my packet was properly filed or not? I think that will always be there in the back of one's mind but if the attorney has done his/her job correctly I think we should not worry. Its not rocket science and documents required for filing are well known...so I would discount this risk. It appears we are all safe because as we all know that no rejection notices have been generated, packets if returned should have come back by now as per Greg....All in all it all points towards our packets being on hold there at respective centers....but as you rightly pointed out..towards the last week of July keep calling centers to know..but even before that keep eye on check clearing as that by far is the best and earliest clue that all is well with the case.
Stay tuned and I will keep on updating here on this nice thread that you created...i really appreciate it. Keep up the good work buddy!!
Best Regards,
I am in the same boat too. If the checks start clearing, then the ones filed on July 2nd will be the first. So please update if your checks clear and that will help us decide if we have to file again.
Thanks
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smisachu
07-30 11:47 AM
You can trade commodities like stocks by taking a directional bet on long term price movement. But this is what you need to consider. Stocks always trade in Spot. If you buy MSFT you own shares of Microsoft today. Although single stock futures (SSF) are available now we will not look at derivatives right now.
Commodities are traded as futures. You can buy Soy futures today for December delivery or lean hogs for dec 2010 delivery.
Under conditions of No-Arbitrage the price of the future will be the price of the spot plus storage and delivery costs. If for example 3 month LSC (Light Sweet crude) is trading on NYMEX at $60; the cost of storage and delivery is say $20 for 3 months. Then 6 month LSC should be trading at $80. But if you look at the contract it might be trading at $55.
The reason being fundamentals. The peak driving season or the hurricane season is over and heating oil season is not yet on us or by looking at weather derivatives traders are factoring in milder winter. The leader of Iran has declared he will step down from office and retire to Hawaii, the rebels in Nigeria have turned themselves in and joined a church missionary..stuff like that.
So you might believe these fundamental assumptions or you might do your own research and say that the traders are wrong and they are discounting critical factors and the price should be more. So you can go long the future and hope for an increase in price and sell the future before delivery for a profit. This is the expensive route but you will never be wiped out for sure. Price of crude may drop but will never go to zero.
Or you trade options on the futures, for example:
Borrow money (leverage) buy the call; short delta units of the future contract and invest the proceeds at the risk free rate.
If you are correct the call will end up in the money, the shorted futures will loose value but since it is “delta” units it is only a portion of the position and the invested money will earn you the risk free rate. So you make some money on the call and loose some on the hedge and net you will profit. (Hopefully to cover the transaction costs and taxes)
If you are wrong (price falls) your call will expire worth less so you are wiped out there, your short will increase in value and you will still earn the risk free rate. So although net you will loose money it will not be as much as a naked call because of delta hedging.
This is explained in very very simple terms. Each transaction step will indicate modeling prices to know if the future is priced correctly, if the option is priced correctly and if the leverage you are getting is correct. Plus modeling future price movements and expected rate of returns and the most primary thing in any transaction the “Alpha”. Source of alpha should be very clearly defined. Let me go a bit deep and include some simple math:
E[R] = Alpha + betaR + epsalon
Where E[R] is the expected return-(see statists for more on expectation functions.)
alphais the excess return
betaR is market return or what the price of the commodity does in the duration chosen. (Market betais 1)
epsalonis error term or un explained return.
(Sorry the greek symbols did not display so I wrote words)
This is a kindergarten model of modeling your alpha. As there are many variables you will use a multi variant model to figure out return. Plus as I said in my previous post you have to model jumps. Jumps are spikes of very short duration which will only be seen in a log normal price distribution. A Gaussian distribution might not be changed much because of a spike of small duration. For example if you are trading electricity and the temperature in NJ hits 110 degrees, there is going to be a spike on that day for electricity prices but this will fall as soon as temperature falls.
And the core issue of all is you need to have access to products as indicated by puddonhead plus money and leverage capacity and risk bearing capacity. As you see this is not for the faint of heart or for some one to do part time. If you are really sophisticated and can do this with good resources, fine or else my advice is stick to stocks or stock derivatives. Hedge funds have teams of quants and super computers sitting and doing this every day. They will vacuum out even the slightest of alpha out there; they will simply take your money if you enter into a wrong trade. If someone is a quant and does this for a living then if his contract allows it or if his licensing allows it legally he can do it on the side but apart from it definitely not something the retail investor should indulge in. Just invest in some ETF like GLD or USO or some commodity mutual funds at the max.
Best of luck!!
Commodities are traded as futures. You can buy Soy futures today for December delivery or lean hogs for dec 2010 delivery.
Under conditions of No-Arbitrage the price of the future will be the price of the spot plus storage and delivery costs. If for example 3 month LSC (Light Sweet crude) is trading on NYMEX at $60; the cost of storage and delivery is say $20 for 3 months. Then 6 month LSC should be trading at $80. But if you look at the contract it might be trading at $55.
The reason being fundamentals. The peak driving season or the hurricane season is over and heating oil season is not yet on us or by looking at weather derivatives traders are factoring in milder winter. The leader of Iran has declared he will step down from office and retire to Hawaii, the rebels in Nigeria have turned themselves in and joined a church missionary..stuff like that.
So you might believe these fundamental assumptions or you might do your own research and say that the traders are wrong and they are discounting critical factors and the price should be more. So you can go long the future and hope for an increase in price and sell the future before delivery for a profit. This is the expensive route but you will never be wiped out for sure. Price of crude may drop but will never go to zero.
Or you trade options on the futures, for example:
Borrow money (leverage) buy the call; short delta units of the future contract and invest the proceeds at the risk free rate.
If you are correct the call will end up in the money, the shorted futures will loose value but since it is “delta” units it is only a portion of the position and the invested money will earn you the risk free rate. So you make some money on the call and loose some on the hedge and net you will profit. (Hopefully to cover the transaction costs and taxes)
If you are wrong (price falls) your call will expire worth less so you are wiped out there, your short will increase in value and you will still earn the risk free rate. So although net you will loose money it will not be as much as a naked call because of delta hedging.
This is explained in very very simple terms. Each transaction step will indicate modeling prices to know if the future is priced correctly, if the option is priced correctly and if the leverage you are getting is correct. Plus modeling future price movements and expected rate of returns and the most primary thing in any transaction the “Alpha”. Source of alpha should be very clearly defined. Let me go a bit deep and include some simple math:
E[R] = Alpha + betaR + epsalon
Where E[R] is the expected return-(see statists for more on expectation functions.)
alphais the excess return
betaR is market return or what the price of the commodity does in the duration chosen. (Market betais 1)
epsalonis error term or un explained return.
(Sorry the greek symbols did not display so I wrote words)
This is a kindergarten model of modeling your alpha. As there are many variables you will use a multi variant model to figure out return. Plus as I said in my previous post you have to model jumps. Jumps are spikes of very short duration which will only be seen in a log normal price distribution. A Gaussian distribution might not be changed much because of a spike of small duration. For example if you are trading electricity and the temperature in NJ hits 110 degrees, there is going to be a spike on that day for electricity prices but this will fall as soon as temperature falls.
And the core issue of all is you need to have access to products as indicated by puddonhead plus money and leverage capacity and risk bearing capacity. As you see this is not for the faint of heart or for some one to do part time. If you are really sophisticated and can do this with good resources, fine or else my advice is stick to stocks or stock derivatives. Hedge funds have teams of quants and super computers sitting and doing this every day. They will vacuum out even the slightest of alpha out there; they will simply take your money if you enter into a wrong trade. If someone is a quant and does this for a living then if his contract allows it or if his licensing allows it legally he can do it on the side but apart from it definitely not something the retail investor should indulge in. Just invest in some ETF like GLD or USO or some commodity mutual funds at the max.
Best of luck!!
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vxg
09-15 04:56 PM
When I call NSC they tell there status says whatever is on website, Only thing she did opened SR. And I have not heard anything on that....I took info pass ...same thing...The lady on NSC says she can not even see my Priority Date ..
I call 1-800-375-5283....then I press 1 for english.....then option 2 .....Press 1
Call the service center where your case is (Texas or nebraska) not NSC.
I call 1-800-375-5283....then I press 1 for english.....then option 2 .....Press 1
Call the service center where your case is (Texas or nebraska) not NSC.
whiteStallion
04-18 04:50 PM
Hearty congratulations...
glen
04-18 08:59 AM
Come-on members who have not contributed at all. Small donation of $25 or $50 will not hurt your pocket. Only if 2000 members contribute $25/- , it will sum upto 50K.
A small contribution of $50 is nothing, if you care about the cause IV is fighting for. Core members and other senior member are putting their time, money and energy to get relief from this broken EB system. Do your part by making a small donation.
Please, please come forward. Ask you friends to make small contribution.
The sad part is:
About 700-800 out of 3000 have contributed. And they are contributing again and again. Many of them have crossed $500 in personal contributions.
The other 2200 members have contributed nothing
A small contribution of $50 is nothing, if you care about the cause IV is fighting for. Core members and other senior member are putting their time, money and energy to get relief from this broken EB system. Do your part by making a small donation.
Please, please come forward. Ask you friends to make small contribution.
The sad part is:
About 700-800 out of 3000 have contributed. And they are contributing again and again. Many of them have crossed $500 in personal contributions.
The other 2200 members have contributed nothing