Desertfox
11-01 06:10 PM
[QUOTE=v2neha;191166]I won't go back - not because I am lazy or afraid of smarter people back home. [QUOTE]
You are right on target man!! Its much harder to compete there back home.... plenty of smarter people out there.:D
You are right on target man!! Its much harder to compete there back home.... plenty of smarter people out there.:D
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md_alien
03-13 09:47 AM
Thanks OP for mining out this information. Thats the advantage of being in a forum, members are looking around at all places for information and sharing it with others. Keep up the good work.
jnraajan
03-14 10:42 AM
Do you belong to a state chapter?
if you don't can you please join a state chapter?
I sent a request to Kansas City Chapter to join. No response yet.
If a state chapter does not exist in your area can you form one?
I am trying to start a chapter here. I have already enlisted the help of few friends.
Can you recruit new members to be part of state chapters?
I have been doing that for quite some time. I dont know the success rate yet. My wife is part of a group which organizes Potlucks every other week. I take that opportunity to educate people about IV and the need to join it.
Can you motivate newbies to be active?
I can try.
Can you meet your Local Lawmakers and talk about your issues?
I have already met with NE Senator on a couple of occasions including for the admin fixes campaign.
Can you make a contribution to IV?
I have
Can you motivate other IV'ans to contribute?
I will
Please put ome thoughts on the above and come up with Ideas?. If you need help please PM any of us and we will be happy to help you.
Regarding conributions, I know it is probably going to meet with some resistance from other members, but we can organize a membership drive week. Any current member signing up most members during that week can be rewarded in some way. The reward need not me monetary, because people are not here for money. So, the reward can be some sort of memento.
As far as contributions are concerned, there are many ways to raise money in this country like Raffles, Fund raising by selling some products. (See how Boys and Girls Scouts sells cookies.) and so on.
None of these is impossible. Remember, there is no such thing called IMPOSSIBLE, because the word itself says, I'MPOSSIBLE.
Thanks
if you don't can you please join a state chapter?
I sent a request to Kansas City Chapter to join. No response yet.
If a state chapter does not exist in your area can you form one?
I am trying to start a chapter here. I have already enlisted the help of few friends.
Can you recruit new members to be part of state chapters?
I have been doing that for quite some time. I dont know the success rate yet. My wife is part of a group which organizes Potlucks every other week. I take that opportunity to educate people about IV and the need to join it.
Can you motivate newbies to be active?
I can try.
Can you meet your Local Lawmakers and talk about your issues?
I have already met with NE Senator on a couple of occasions including for the admin fixes campaign.
Can you make a contribution to IV?
I have
Can you motivate other IV'ans to contribute?
I will
Please put ome thoughts on the above and come up with Ideas?. If you need help please PM any of us and we will be happy to help you.
Regarding conributions, I know it is probably going to meet with some resistance from other members, but we can organize a membership drive week. Any current member signing up most members during that week can be rewarded in some way. The reward need not me monetary, because people are not here for money. So, the reward can be some sort of memento.
As far as contributions are concerned, there are many ways to raise money in this country like Raffles, Fund raising by selling some products. (See how Boys and Girls Scouts sells cookies.) and so on.
None of these is impossible. Remember, there is no such thing called IMPOSSIBLE, because the word itself says, I'MPOSSIBLE.
Thanks
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lost_in_gc_land
01-31 04:36 AM
Hello I got a yellow form 221(g) during my interview. Got my passport and approval back during the interview.
Are other people in PIMS getting this yellow form/ 221(g) stating that "when administrative processing is completed in your case we will contact you"?
This will allow me to decide if I am stuck in PIMS or something else.
Are other people in PIMS getting this yellow form/ 221(g) stating that "when administrative processing is completed in your case we will contact you"?
This will allow me to decide if I am stuck in PIMS or something else.
more...
senthil1
05-24 02:04 PM
Most of the people still survive and overcome the restrictions and stay here. Still Indian IT depends on US market. No country come to the level of US yet in technology. Companies will easily find a way for all those. Impact is not for country or Corporations but for future H1b aspirants
QUOTE=diptam]Say how many will be Forced to Leave after it passes ??? Remember we are kicked out now -- we will circle back with them after 3-4 years at low cost high tech hubs like Bangalore/Shanghai !!!![/QUOTE]
QUOTE=diptam]Say how many will be Forced to Leave after it passes ??? Remember we are kicked out now -- we will circle back with them after 3-4 years at low cost high tech hubs like Bangalore/Shanghai !!!![/QUOTE]
NKR
03-13 02:13 PM
Yes! on IV you are supposed to say only good things about IV (though IV is "grass-root" non-profit) but no free speech here :confused:
You are only supposed to smell and sense good things about IV and hence write only good ... but god-forbid if you write truth then IV-watchers will try to ruin your "image" by giving RED dots (IV-mileage points) and make you feel bad-guy :rolleyes:
Dude, it's not red dots, it's red squares.
You are only supposed to smell and sense good things about IV and hence write only good ... but god-forbid if you write truth then IV-watchers will try to ruin your "image" by giving RED dots (IV-mileage points) and make you feel bad-guy :rolleyes:
Dude, it's not red dots, it's red squares.
more...
hindu_king
10-07 09:26 AM
Properties in India will start going down. They will reach bottom in the next 3 years. This is only the begining.
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DareYouFireMe
01-29 06:01 PM
By the way, How long it takes to get EB2 labor these days?
more...
paragpujara
07-18 10:24 AM
Date Delivered To USCIS: July 2
Time Delivered To USCIS: 8.26 AM
Service Center: NSC
Rejected: Dont Know
Checks Cashed: No
Time Delivered To USCIS: 8.26 AM
Service Center: NSC
Rejected: Dont Know
Checks Cashed: No
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anirudh74
05-01 05:02 PM
You guys are doing a good job .Keep the faith, I contributed 25$ , presently thats all I could do, all the best.
more...
msp1976
03-10 07:57 PM
Friend of mine (to whom I contacted regarding IV) is in USA for 7 years and knows how lobbying & party funds are raised (including Watergate) and also very much aware of "Retrogression" and problems of being "Legal".
Also, he is aware of cause of IV and appreciate that but he is un-comfortable because whenever he login to IV, he noticed that:
- more than 40-50% respondents are talking about money/contributions & signatures showing how much they have contributed as of today,
- 10-15% are talking about blocking non-contributors(calling by Free Lunchers etc..),
- 5 % are Pseudo intellectuals (talking BIG but dont know immigration basics like - PD, issues of I-140/I485)
- 5% are always trying to shutdown others, accusing/calling by names to other forum members (he says "Highly skilled" in accusing!!)
- and remaining are "Positive" contributors for IVs retrogression cause (talking about - I spoke to senators office, can we arrange rallies, when to Fax/fliers, when State chapters are going to meet, posting excerpts from senate/CSPAN/News etc..)
Is our audience is so? Can we focus on our cause? pl be together like.. Like-Minded!!!
First of all We are not into any 'gate' here...We are not creating any 'watergate' or 'immigrationgate'...
All activities we do are legal and you would eventually get the expenditure report too...
Now If you try to build any organization that is non paid completely volunteer...basis, all kinds of things do creep in...
There is no avoiding that....
Your 'friend' has a very idealized version of public organization in his mind....
But the fact is that all public volunteer based organization(especially the ones so heavily populated by 'high skilled' ones) are going to be chaotic....
The only public organizations that are not chaotic are either the Chinese communist party or paramilitary organization like fire fighters and police departments..All other organizations are going to be how you described...the different %ges..
Now you have 2 choices.....
Choice 1. Try to work with the chaos and have some voice in the legislative process...
Choice 2. Shut your self out and not have a voice at all and mind you one less voice makes our collective voice weaker....
The choice is yours to make.........
Also, he is aware of cause of IV and appreciate that but he is un-comfortable because whenever he login to IV, he noticed that:
- more than 40-50% respondents are talking about money/contributions & signatures showing how much they have contributed as of today,
- 10-15% are talking about blocking non-contributors(calling by Free Lunchers etc..),
- 5 % are Pseudo intellectuals (talking BIG but dont know immigration basics like - PD, issues of I-140/I485)
- 5% are always trying to shutdown others, accusing/calling by names to other forum members (he says "Highly skilled" in accusing!!)
- and remaining are "Positive" contributors for IVs retrogression cause (talking about - I spoke to senators office, can we arrange rallies, when to Fax/fliers, when State chapters are going to meet, posting excerpts from senate/CSPAN/News etc..)
Is our audience is so? Can we focus on our cause? pl be together like.. Like-Minded!!!
First of all We are not into any 'gate' here...We are not creating any 'watergate' or 'immigrationgate'...
All activities we do are legal and you would eventually get the expenditure report too...
Now If you try to build any organization that is non paid completely volunteer...basis, all kinds of things do creep in...
There is no avoiding that....
Your 'friend' has a very idealized version of public organization in his mind....
But the fact is that all public volunteer based organization(especially the ones so heavily populated by 'high skilled' ones) are going to be chaotic....
The only public organizations that are not chaotic are either the Chinese communist party or paramilitary organization like fire fighters and police departments..All other organizations are going to be how you described...the different %ges..
Now you have 2 choices.....
Choice 1. Try to work with the chaos and have some voice in the legislative process...
Choice 2. Shut your self out and not have a voice at all and mind you one less voice makes our collective voice weaker....
The choice is yours to make.........
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thakurrajiv
07-30 12:02 PM
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!!
Again a great post. Just want to comment that be careful with ETF's too. Most of the ETF's are not physical commodity holders. They play in futures and OTC swap markets.
I have looked hard to find ETF's or MF's fwhich are pure commodity holders e.g gold, silver etc.I still have not found good ones. The closest I could get was some portfolio of mix of real assets and futures. Most of the ETFs are again leveraged and kind of trap for average investors.
There are a few hedge funds or big funds which might offer pure plays but those tend to have huge entry investment requirement basically making them inaccessible to individual small investors.
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!!
Again a great post. Just want to comment that be careful with ETF's too. Most of the ETF's are not physical commodity holders. They play in futures and OTC swap markets.
I have looked hard to find ETF's or MF's fwhich are pure commodity holders e.g gold, silver etc.I still have not found good ones. The closest I could get was some portfolio of mix of real assets and futures. Most of the ETFs are again leveraged and kind of trap for average investors.
There are a few hedge funds or big funds which might offer pure plays but those tend to have huge entry investment requirement basically making them inaccessible to individual small investors.
more...
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gc28262
04-26 01:29 AM
Lets move on and focus on this main topic...
Here are my observations.. Correct me if I am wrong..
1. L1 option for IT is essentially killed
2. Small IT companies will limit the headcount to 50 per company. It doesn't cost much to have more than one company. So no major changes to H1B Desi companies.
3. Most of the big American companies will not offer new H1B with 180 days, since most of them would have had layoffs.
4. Most IT companies will start spending a lot on lawyers. So they will be rich. There will be lot of audits.
5. Companies will complete PERM and I140 before getting a guy onsite, only if people are really interested in coming to USA any longer.
6. Need more clarity on where H1B outsourcing will be stopped...
Good recap. This bill is not about liberating employees. This bill is to kill H1Bs and L1s irrespective of whether the company is a consulting company or a direct employer.
Net result ? more outsourcing. Big outsourcing firms have enough experienced employees on their payroll to do outsourcing effectively.
If this bill passes, it will be a shameful day for USA.
Here are my observations.. Correct me if I am wrong..
1. L1 option for IT is essentially killed
2. Small IT companies will limit the headcount to 50 per company. It doesn't cost much to have more than one company. So no major changes to H1B Desi companies.
3. Most of the big American companies will not offer new H1B with 180 days, since most of them would have had layoffs.
4. Most IT companies will start spending a lot on lawyers. So they will be rich. There will be lot of audits.
5. Companies will complete PERM and I140 before getting a guy onsite, only if people are really interested in coming to USA any longer.
6. Need more clarity on where H1B outsourcing will be stopped...
Good recap. This bill is not about liberating employees. This bill is to kill H1Bs and L1s irrespective of whether the company is a consulting company or a direct employer.
Net result ? more outsourcing. Big outsourcing firms have enough experienced employees on their payroll to do outsourcing effectively.
If this bill passes, it will be a shameful day for USA.
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eb2waiter
06-13 06:22 PM
apply now...
I meant save from retrogression not marriage :D
I meant save from retrogression not marriage :D
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jetflyer
01-19 08:50 AM
This doesn't effect me. However, I am big opponent of divide-n-rule, so for my fellow immigrants I am with you, if we proceed towards LS I will donate $1k to the cause.
Poll needs to have more options like: No effect, but will contribute
Poll needs to have more options like: No effect, but will contribute
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vbkris77
04-27 03:14 PM
Below is the text for Waivers.. My understanding is that if end Client gives a letter to DOL stating that they don't layoffs due to this H1B and it is a temp. labor requirement etc.. It is still harsh considering anti-immigration climate.. What is feared asked in a Visa interview will be asked by DOL for extensions. So, H1B can't be on an auto-pilot mode..
``(I) the employer with whom the H-1B nonimmigrant would be placed has not displaced, and does not intend to displace, a United States worker employed by the employer within the period beginning 180 days before and ending 180 days after the date of the placement of the nonimmigrant with the employer;
``(II) the H-1B nonimmigrant will not be controlled and supervised principally by the employer with whom the H-1B nonimmigrant would be placed; and
``(III) the placement of the H-1B nonimmigrant is not essentially an arrangement to provide labor for hire for the employer with whom the H-1B nonimmigrant will be placed.
``(I) the employer with whom the H-1B nonimmigrant would be placed has not displaced, and does not intend to displace, a United States worker employed by the employer within the period beginning 180 days before and ending 180 days after the date of the placement of the nonimmigrant with the employer;
``(II) the H-1B nonimmigrant will not be controlled and supervised principally by the employer with whom the H-1B nonimmigrant would be placed; and
``(III) the placement of the H-1B nonimmigrant is not essentially an arrangement to provide labor for hire for the employer with whom the H-1B nonimmigrant will be placed.
more...
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nirenjoshi
03-10 05:15 PM
One of the IV members has requested me to post this info.
He contacted his senator to get the total number of pending EB apps for India.
Please see the response from the senator in the following link. It has pending applications by category.
http://sites.google.com/site/gc28262/Home/Eb-IndiaPendingApps.pdf.pdf?attredirects=0
Any reason why only numbers for Texas and Nebraska have been provided? Doesnt Vermont do I-485 processing- atleast the processing time has a row for I-485?
He contacted his senator to get the total number of pending EB apps for India.
Please see the response from the senator in the following link. It has pending applications by category.
http://sites.google.com/site/gc28262/Home/Eb-IndiaPendingApps.pdf.pdf?attredirects=0
Any reason why only numbers for Texas and Nebraska have been provided? Doesnt Vermont do I-485 processing- atleast the processing time has a row for I-485?
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ujjwal_p
08-19 02:55 PM
Congrats man! Happy for you and your biggest fulfillment.
By any chance, are you originally from INDIA? If so, we're pleased to strike off one more suckup from our list of billion people.
Goodluck!
lol.. nice one.. anyway, congrats dude.. biggest fulfillment.. hmm.. sounds like gollum and "the precious".. this is further proof that the first stop after attaining gc/usc needs to be a shrink..atleast for some of us..
By any chance, are you originally from INDIA? If so, we're pleased to strike off one more suckup from our list of billion people.
Goodluck!
lol.. nice one.. anyway, congrats dude.. biggest fulfillment.. hmm.. sounds like gollum and "the precious".. this is further proof that the first stop after attaining gc/usc needs to be a shrink..atleast for some of us..
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div_bell_2003
10-30 06:31 PM
Hmm , interesting ... I have two EB2 I-140 from the same company as well , one for March 05 (non-RIR->BEC->RIR->approved) and the other for Sep 06 (PERM) and according to my attorney my March 05 PD is applied to my 485.
I was just sitting with both hands together since my dates are not yet current, may be I should call NSC and make sure the correct PD is assigned to my case. So you just call (T/N)SC using POJ method and ask a polite IO about this if you get hold of one ? would an infopass help ?
I was just sitting with both hands together since my dates are not yet current, may be I should call NSC and make sure the correct PD is assigned to my case. So you just call (T/N)SC using POJ method and ask a polite IO about this if you get hold of one ? would an infopass help ?
Raju
07-19 01:56 PM
What IV has done is commendable and unprecedented. I also think that most of us here do not know anything about the expenses incurred by IV team or money collected by IV team. It would be a good idea to be transparent in that aspect so that members can have a better understanding of the functioning of the organization and contribute appropriately. Just a suggestion; what do you guys think?
Slowhand, No Offense...If I were you, I would first contribute and then deal with this later. High time to contribute. If you have already contributed, please urge your friends to do so.
Slowhand, No Offense...If I were you, I would first contribute and then deal with this later. High time to contribute. If you have already contributed, please urge your friends to do so.
trueguy
08-12 01:11 PM
Now the country limit rule applies only to EB3-I and EB3-C.
Since EB2-ROW is always current, all the spillover goes to EB3-I/C and so they are not affected by per country limit rule.
EB3-I is the only sufferring category. Guys, we have to do something. Any suggestions on how to voice our concerns?
Since EB2-ROW is always current, all the spillover goes to EB3-I/C and so they are not affected by per country limit rule.
EB3-I is the only sufferring category. Guys, we have to do something. Any suggestions on how to voice our concerns?
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