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I've waited for hours in American emergency rooms. Once for seven hours with a girlfriend who had a head wound. Once for four and a half hours, puking blood into a napkin sweetly provided by the receptionist.
The best universities maybe, but graduate students are abandoning our country in record numbers. America is no longer the education mecca it used to be.
The richest corporations are certainly here, you're right about that. But last time I checked their big houses and fancy cars and many mistresses don't help me pay the bills or find a good paying job.
* Foreign applications to U.S. grad schools declined 28 percent last year. Foreign student enrollment on all levels fell for the first time in three decades, but increased greatly in Europe and China. Last year Chinese grad-school graduates in the U.S. dropped 56 percent, Indians 51 percent, South Koreans 28 percent (NYT, Dec. 21, 2004). We're not the place to be anymore.
* "The European Union leads the U.S. in...the number of science and engineering graduates; public research and development (R&D) expenditures; and new capital raised" (The European Dream, p.70).
* "Europe surpassed the United States in the mid-1990s as the largest producer of scientific literature" (The European Dream, p.70).
Originally posted by djohnsto77
Maybe if all these liberal America-haters would leave the country like they continue to promise to do but never seem to act, these numbers would rise significantly.
Foreign investors held more than 38 percent of the $4 trillion in U.S. Treasury bonds, but only 11 percent of the $6.1 trillion in agency bonds (such as those issued by Fannie Mae and Freddie Mac); 23 percent of the $6.5 trillion in corporate bonds; and 11 percent of the $15.5 trillion in equities outstanding.
At the start of 2004, total U.S. securities amounted to $33.4 trillion (some 50 percent of the world total).
the U.S. has a stubborn current account deficit because it grows faster than its trading partners and spends a disproportionate share of its growing income on imported goods and services.
Foreign-owned assets in the United States
Foreign-owned assets in the United States increased $286.4 billion in
the third quarter, following an increase of $270.7 billion in the second.
U.S. liabilities to foreigners reported by U.S. banks increased
$46.6 billion in the third quarter, following an increase of $41.2 billion in
Net foreign purchases of U.S. Treasury securities were $14.1 billion in
the third quarter, down from $29.7 billion in the second.
Net foreign purchases of U.S. securities other than U.S. Treasury
securities were $90.5 billion in the third quarter, up from $88.8 billion in
the second. Net foreign purchases of U.S. stocks were $2.9 billion, up from
$1.8 billion. Net foreign purchases of U.S. corporate bonds were a record
$84.7 billion, up from $51.1 billion. Net foreign purchases of federally
sponsored agency bonds were $2.9 billion, down from $35.9 billion.
Net financial inflows for foreign direct investment in the United
States were $53.1 billion in the third quarter, up from $32.6 billion in the
second. A shift to net inflows on intercompany debt from net outflows and a
small increase in reinvested earnings more than offset a decrease in net equity
Foreign official assets in the United States increased $60.1 billion in
the third quarter, following an increase of $73.3 billion in the second.