“Help Thy Neighbor and Go Straight to Prison" via The New York Times
Also noteworthy in the article ”With less than 5 percent of the world’s population, the United States has almost one-quarter of the world’s prisoners.”
"California devotes $179,400 to keep a juvenile in detention for a year, and spends less than $10,000 per student in its schools."
What are we doing America?
Certainly something we should all keep in mind. Do we know exactly what we are giving up in the name of security?
"White House to act against patent trolls" via TheHill
Not that I expect any substantive change anytime soon, but at least this issue is still circulating around Congress.
Have to disagree here. Not with the fact that those foreign graduate students are going back to their home countries. That is indeed a trend that has been in the works for the past decade. They are going back to economies that have improved significantly in that time, providing an incentive for those talented students to return home.
What I disagree with is that there is still a significant gap between an opportunity in the US and an opportunity in other countries. I have spoken with many entrepreneurs, some of whom are close friends, and they have expressed deep frustrations with the cultural and regulatory roadblocks to entrepreneurship in their home countries. So yes, there are opportunities, but the barrier to entry is still much steeper there than in the US. If we get immigration reform passed now, we have a chance to convince these talented individuals to return to the US.
From 1995 to 2005, 25.3% of all technology and engineering startups nationwide and 52.4% of those in Silicon Valley were founded by immigrants. More than a decade earlier, from 1980 to 1998, Saxenian had documented that the key immigrant-founding groups, Indian and Chinese, had founded 24% of the Valley’s startups. This means there was a very positive trend of growing immigrant entrepreneurship.
Our earlier research had documented that, on average, immigrant founders started their companies 13 years after entering the U.S., and they typically came here to study or work. In the late 90s and early 2000s there was an influx of skilled workers in response to the Y2K crisis and a booming tech economy. The U.S. boosted the number of H-1B visas issued from 65,000 to about 200,000 for several years. Given this, the United States should have a greater increase in immigrant entrepreneurship. But this hasn’t happened.
…The proportion of immigrant-founded companies nationwide has dropped from 25.3 to 24.3%. In Silicon Valley, this is down from 52.4% to 43.9%.
(via Vivek Wadhwa)
America continues to implement the most ass-backwards immigration policies. We bemoan the fact that jobs get shipped overseas yet do everything to prevent more businesses (and thus more jobs) from launching right here in the US. One of America’s greatest virtues was as a land of hope and opportunity for those that were economically and politically depressed. The resulting mass of immigrants was the engine that fueled America’s global ascendancy due in no small part by the brainpower and talent that was drawn by the opportunities here.