If you were planning on changing your name to something a bit more... traditional, now is the time because, if you hadn't noticed, one provision of the stimulus bill orders changes to the famous Emma Lazarus lines: "Give me your tired, your poor, your huddled masses yearning to breathe free... provided they don't have any form of H1-B visa stamped in a foreign passport, in which case send them right the hell back." A Dealbreaker operative spotted work crews hacking away at the plaque at Liberty's feet last weekend.
Bank of America has become the first US bank to withdraw job offers made to MBA students graduating from US business schools this summer, citing conditions laid out in its bail-out deal as the reason.
The recently passed $787bn stimulus bill in effect prevents financial institutions that have received money from the government's troubled asset relief programme from applying for H1-B visas for highly skilled immigrants if they have recently made US workers redundant.
All we can say is... America! Fuck yeah!
(We are entirely certain that the connection to North Carolina has absolutely nothing to do with BoA being the first to implement the ban. We did hear that a butcher knife wielding Daniel Day Lewis will play Ken Lewis in the motion picture. No word on Leo yet).
BofA withdraws job offers to foreign MBAs [The Financial Times]