foreign – Impact Lab

Business, Globalism, Latest Trend, Money Talk

Foreign banks turn away U.S. millionaires

May 15, 2012

UBS, the world’s biggest non-U.S. private bank, said in 2008 it would discontinue offshore accounts for U.S. citizens.

Some of the world’s largest wealth-management firms are wanting American millionaires to go away ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC, Deutsche Bank, Bank of Singapore and DBS Group all say they have turned away business.

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Analysis, Business, Economy, Education, Latest Trend

Canada plays the visa card to lure foreign students to its universities

April 12, 2012

Four years ago 60,000 international students came to Canada for school now that number stands at 90,000.

Canadian universities used to find it hard to draw attention away from the U.S. when trying to lure foreign students to its business schools. Not anymore. Over the last two years, Canadian full-time MBAs have seen the biggest increase in applications of any region, according to the Graduate Management Admission Council (GMAC), a business school association.

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Great New Product, Science & Technology News

Universal translator lets you speak a foreign language in your own voice

March 14, 2012

Research software from Microsoft synthesizes speech in a foreign language, but in a voice that sounds like yours.

Researchers at Microsoft have made software that can learn the sound of your voice, and then use it to speak a language that you don’t. The system could be used to make language tutoring software more personal, or to make tools for travelers.

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Analysis, Business, Economy

Foreign tourists could help the U.S. economy

January 1, 2012

Non-resident visitors to the United States wait in line at immigration control at a U.S. airport.

Businesses salivate over the kind of foreign traveler Agustina Ocamp is. He is a 22-year-old Argentine who recently dropped more than $5,000 on food, hotels and clothes in Las Vegas during a trip that also took her to Seattle’s Space Needle, Disneyland and the San Diego Zoo. But she doubts she will return soon.

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Analysis, Internet, Science & Technology News

‘Borderless internet’ is officially dead

November 14, 2011

SOPA would set up US website blacklisting, require search engine censorship, and divide the Internet into “domestic” and “foreign” sites.

In L.P. Hartley’s novel, The Go-Between, he wrote, “The past is a foreign country: they do things differently there.” When Hartley wrote his novel of adolescent sexual awakening he knew nothing of the internet. Had he know he might have been shocked just how quickly the past became a foreign place.

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Analysis, Business, Economy, Latest Trend

Foreign buyers helping U.S. housing market

July 6, 2011

Miami appears on the list of many foreign real estate buyers.

Home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida, are being lifted by foreign buyers.

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