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Image: Robert Burns/LA Times
The stimulus didn't work. The bank bailouts didn't work. Homeowner assistance and refinancing didn't work. So could the key to solving the US housing crisis be letting foreigners buy real estate for visas?
The bipartisan proposal, part of a package that also would make it easier for international tourists to visit the U.S., is similar to an existing program that puts foreigners on a fast track to a green card if they invest at least $500,000 in an American business that creates at least 10 jobs.
"Many people want to come and live in the United States," said Sen. Charles Schumer (D-N.Y.), who introduced the legislation Thursday along with Sen. Mike Lee (R-Utah). "They will be here spending money and paying taxes, and the most important thing is they'll sop up the extra supply of homes we have right now compared to demand, and that's what's dragging our economy down."
The legislation would create a new homeowner visa that would be renewable every three years, but the proposal would not put them on a path to citizenship. To be eligible, a person would have to buy a primary residence of at least $250,000 and spend a total of $500,000 on residential real estate. The other properties could be rented.
Jim Puzzanghera and Lauren Beale of The Los Angeles Times report: Link
When Polish artist Rafal Bujnowski wanted to visit the United States in 2004, he decided to turn the visa application into performance art of sorts:
… Bujnowski painted a photo-realistic self-portrait in black and white, had it photographed and enclosed the picture as his official photo in the U.S.A. visa application form. The consulate workers failed to notice the manipulation and, eventually, the artist received a passport with a replica of his own painting. Using this document Rafal has crossed the U.S. border, the project was supplemented by the fact that the artist has attended a pilot’s course, which featured a training flight over Manhattan – this event was recorded by Bujnowski as a video …
Piet Mondriaan has the clip: Link
A meal at Wolfgang Puck restaurant can be pricey, but $23 quadrillion? That’s what Jon Seale got charged on his Visa. And to make matters worse, he got charged an overdraft fee!
In New Hampshire, Josh Muszynski said he swiped his debit card at a gas station to buy a pack of cigarettes and when he later checked his account online found that he had been charged the 17-digit number — a stunning $23,148,855,308,184,500.
In North Texas, Jon Seale saw the same 17-figure bill on his credit card statement, presumably for a meal July 13 at a restaurant owned by celebrity chef Wolfgang Puck, NBC affiliate KXAS TV reported.
"For that amount of money, I could actually own Wolfgang Puck himself," Seale said.
The British Home Office’s effort to crack down on illegal immigrations has an unintended consequences of sort: Britain is experiencing a clown shortage!
"My season started in February," says Martin Lacey, owner of the Great British Circus, "and I’ve got comedy acrobats stranded in the Ukraine, and Mongolian horse riders who were refused their visas in Ulan Batur." The holes in his lineup have forced Lacey to draft last-minute substitutes. "Our Mexican clown is stuck in Mexico, so we’ve got a trapeze artist pretending to be a stooge just to get everybody out of trouble," he says. "It’s a mess."
And it’s totally incompatible with the needs of Britain’s circus sector. According to Malcolm Clay, secretary of the Association of Circus Proprietors of Great Britain, British circus schools don’t produce artists at an acceptable standard, largely because their students refine skills like tightrope walking or fire-breathing as a hobby, not as part of a life-long career. As a result, British circuses rely on artists from countries with long-established histories of state-sponsored circus schools: they call on Argentina and Colombia for their renowned high wire acts, China and North Korea for acrobats, and Mongolia and Russia for horse riders. (Interestingly, they don’t need to import bearded ladies.)
