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In the current economic malaise of high pervasive unemployment and growing uneasiness over immigration, the H-1B visa program (among others) has come under tremendous criticism.

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)

Global demand is increasingly shifting to emerging economies, and American firms, especially small businesses, should adjust to this new reality.

For big U.S. banks, Basel III will likely have limited impact in the short-term because of its generous phase-in timeline