The deal would move New York-based Pfizer () to Ireland — making it the latest merger that will let a U.S. company slash its federal corporate tax bill.
Pfizer has been openly critical of the U.S. corporate tax rate. Last year, when it tried unsuccessfully to acquire British drug maker AstraZeneca, Pfizer didn’t hide the fact that tax savings were one of the main drivers.
Mergers like Pfizer-Allergan are known as tax inversions. In such deals, bigger American companies buy smaller foreign ones and then switch their headquarters (at least on paper) to the location of the smaller company.
I am so sick of hearing about how facebook and twitter are “advanced technology” when they are little more than a few tables and sql statements.
And I am really sick of how our American Government and the Indian Government Displace Americans like myself by lying and saying “they create jobs” when a first grade math student can look at this chart and easily see that we are creating no jobs to speak of.
“Those who think that America is doing better than Japan view things solely in financial terms,” says Sekora, who now runs Quadrigy, an Austin-based organization that continues the Project Socrates program. “That is at best a very limited view and they are not looking at the substance of economic competition. What matters ultimately is technology. Japan has continued to perform superlatively on that measure. America’s performance has been disastrous.”
He adds: “If you think back to the early years after World War II, America was the dominant player almost right across the board in advanced industries. Now there is hardly an industry left where that can be said. Meanwhile Japan has continued to gain dominance in dozens of advanced industries.”
He points out that in electronics alone, Japan is the leading player in a host of crucial underlying technologies driving the information technology revolution. Only the most obvious is the highly purified form of silicon needed to make silicon chips. Each new generation of chip requires a more purified grade of silicon, and only the Japanese can supply the higher grades. Japan is also the dominant supplier of, for instance, the most sophisticated so-called steppers, which are the optical machines that imprint microscopically fine circuitry on semiconductors and liquid crystal displays.
Illusions of continued American technological leadership are sustained partly by a media failure to understand what the term “advanced technology” really means. The term is often used to describe minor, even trivial and evanescent, developments in the application of technology. Already by the late 1990s, the term had become ludicrously devalued as the American press helped inflate the tech bubble. Companies like Pets.com and Webvan were hailed as the latest exponents of an American tradition of technological leadership. Instead, with few exceptions, they went bankrupt within months.
According to the Open Doors Report on International Education Exchange (an official record of students studying in the US) that was released a few days ago, the number of Indian students going to the US is at an all-time high.
From 1.02 lakh students in 2013-14 the number of students went up to 1.32 lakhs in 2014-15, a jump of 29.4 per cent. This is the highest ever number in the history of the Open Doors report.
Commenting on the reason for this growth, Charles said that it was not only due to the fact that there were a number of top notch and Ivy League institutions that attracted students, but also a number of other good options that provided a “value for money”.
Rohan Nandkumar, a class 12 student who wants to study computer engineering for his undergraduate studies, has already made a selection of a number of US institutions, other than Ivy League colleges:
“I am looking at institutions such as Texas A&M University-Kingsville, University of California, San Diego and Davis to name a few. The overall cost would be anywhere around Rs 28 lakh per annum compared to around Rs 50 lakh in Ivy League colleges,” he said.
Swetha Muthanna, director, Yashna Trust, an EducationUSA Center, said that the reason for more students going to US was due to the fact that Bengaluru was becoming more of a “globalised city” with many sobriquets such a the IT capital and Start-up City.
What about the American student or the Displaced American citizen that so desperately needs a job?
Oh, and if you ever hire me for that Housekeeping Aide job, I will be sure and tell every Veteran and their Family “Merry Christmas”.
After all, this is America and they are American Veterans and they deserve to hear the things that they fought for bring happiness to their heart.
I monitor stuff all over the web that have to do with Displaced Americans.
This is simply one of the ones that I ran across.
As you can see, there are those that care.
And there are those that could care less if ALL Americans lose their jobs just as long as I get their job.
No Kumar garu, I took it positively, I just said how it works. You were absolutely right. Please don’t MISUNDERSTAND me, I just said how it works. Since now I have already quit the job there is nothing I can do, all I have to do is write the exam and find the right job. So this process takes me another 3 months which I can wait. When I talk to experienced people like you I can come to know what you did back in your days and what I am doing now and I can relate two different events and make a right decision in the future so that I can rectify my mistakes and avoid making wrong decisions in the future. Yes I have already been going through his site and I already read a few articles a few days back. Hope your son doesn’t get disturbed by reading this stuff, because he is young right, he can have some fun time. Just saying. Absolutely you can share the mails sir, I am not being disturbed at all.
Sir I truly know the pain of displaced Americans, I am being very honest. I used to work for Ocwen, a loan servicing company headquartered in Georgia. I used to work on a US federal Government project HAMP(Home Affordable Modification Program). This was introduced by the Obama administration in order to help the displaced Americans due to recession in 2008-2009 period who have no income or less income in order to pay their monthly mortgage. They used to send painful letters stating their problems, which I felt sometimes we Indians sitting here in Bangalore can’t really help them. One person in a letter said “Only an American will understand the pain of another American”. I felt we were not justice for them. But I used to get my salary, my job was just to process the loan account and stuff. So its like we are doing our job we want our salary we don’t care about Americans. I personally felt that we were not doing justice for them because I always have a special heart for US in my heart. So that was solely my personal opinion about Americans are not being justified. My office colleagues did not feel that because they have their own career goals and targets, so each individual is different.
This is particularly the case in computer programming, for which there is a whole shelf-full of books promising to teach you some programming language or other in 24 hours of study. (You can even, in fact, acquaint yourself with all current major programming languages in 24 hours!)
Where temporary shortages in some specialist field arise, wages will rise, and keen young Americans will enroll in training. Sold Out gives a neat example from petroleum engineering.
There might be a case for bringing in a few hundred foreigners a year for work like foreign-language interpreting or school teaching. Persons with extraordinary levels of talent—Einsteins and Netrebkos—should of course be accommodated somehow by the visa system.
Those cases aside, I see no need for guest-worker visas. Sold Out estimates a population of 650,000 H-1B workers legally in the U.S. With those 120,000 OPTs, and the other Fs, and the Bs, and the Ls, and the EB-5s (that’s a whole other story told by Malkin and Miano), there must be well over a million of these guests doing work that Americans could perfectly well do.
They should all be sent home.
What can I say.
I, as The Displaced American, who cannot even get a job sweeping floors at the VA Hospital say “send them home” so that I can get back to work.
Kumar, as the H-1B that I follow regularly says “send them home” because of the corruption and the destruction to our EEOC laws.
It is time to end all non immigrant worker visas and student visas.
Imagine that inquiry starting the so-called presidential debates of both the Republican and Democratic presidential candidates. I’m not sure any of the candidates – so used to saying “I will do this” and “I propose that” would even know how to respond. Regardless of their affiliation with either of the two dominant parties, politicians are so used to people being spectators rather than participants in the run-up to Election Day that they have not thought much about participatory or initiatory democracy. Too many of them, backed by the concentrated wealth of plutocrats, have perfected the silver-tongued skills of flattery, obfuscation and deception.