Skip to main content

The impactof ICE

 One of my best friends, is an investment banker in London. One of the big firms, for the past 25 years, has been going to New York at least six times a year. And to other destination at least four or five times a year all of these trips to the United States. My friend is British, the same way I am, except his grandparents were born in Jaipur, that’s in India for those who don’t know. My friend, is A 59-year-old banker, with a British passport having been born in London.

The last two times he flew to the US. He was harassed by immigration. Now my friend is not white, and his name is not Anglo-Saxon, in fact his name is very very Indian. But he’s also very very British. Now twice, it’s been stopped at immigration for over three hours, this is despite having a visa for multiple entry. It’s not really a visa, it’s just a permission to come to United States. Pretty standard stuff, and very useful for a guy like my friend who travels to the United States every single month.

Now, He’s imagining director in a big investment bank, he’s 59 years old, and can skip a lot of the BS. Guess what my friends doing now, his reducing his trips to the United States. Most of these meetings related to management committees or board meetings. Thanks to the Covid pandemic, he cannot do these remotely. It’s unfortunate, my friend enjoy seeing his colleagues when he was in New York, but as he said, twice in six months as detain for more than three hours at immigration, when he was evident, that being committed United States for years, that had a valid visa, and yet they treated me like a thief, an impostor, basically someone who didn’t belong.

he did the math, every day he’s in the United States, he expense about $1500. That includes flights, meals, and hotels. Of course, the hotels are not $1500, when in New York, and many other location he has access to corporate rate. But if she had everything up flights, taxis, food and hotels, it comes up to about $1500-$1800 a day.

Last year, in 2024, my friend spent 62 days in the United States. If you do the math, that’s nearly $100,000 per item. Now, that’s not a fortune. It is if you’re travelling as a tourist, but as a business traveler, it’s what it cost. Guess what he does now. Conference calls.

so what’s next, my friend has no idea. Right now, he has no plans to travel to the United States. No desire to travel to the United States. In addition, his wife doesn’t like that he travels to the United States. The last time it took hours for her to find out that he’s been detained by immigration.

in the end, there was nothing, it was just very inconvenient. He wasn’t late for meetings, he didn’t miss connections, but he was very inconvenient. My friend has made a decision, it was just too much trouble, and the effort was not worth it.

Comments

Popular posts from this blog

what people get wrong about tariffs

 The issue is simple. What percentage of the economy is dependent on tariff goods? The truth, is that the US economy is far more closed than people understand. People genuinely believe that all manufacturing has ceased to exist in the United States all given to China on the altar of woke policy the truth can be further from That statement. Only about 15% of US GDP is related to foreign trade. Of that amount, slightly more than half is from Canada in Mexico. And half of that is energy. What that means, is that about 7% of US GDP is tariff dependent. The proof in the pudding, is how little money tariff generates. People think that 30 or 50 billion is a lot it’s not in an economy that has $3 trillion. The impact on the US economy will be less visible but not absent. Inflation hasn’t occurred yet first because tests have hardly started to bite, but more importantly it’s such a small percent of the economy. Now certain things are critical. The rare earth metals from China were critical....

The end of Tesla?

 it takes a special kind of idiot, to think that he can antagonize his entire customer base, and think that it will not impact his business. When Elon Musk went to work for Donald Trump, and created the doge department, he antagonized every liberal, and these people represent 90% of his client base.That’s not a brilliant move. Now Elon Musk is worth hundreds of billions of dollar, so he shouldn’t care a great deal, however, he needs to care because of several other issues. The cyber truck has been a disaster, most have had to be recalled because of defective glue, it’s not a truck, it’s not a car, it’s noisy, relatively uncomfortable, but great as a development platform. What Tesla has learned in making car manufacturing more seamless is truly amazing. The problem was that Elon Musk was so pissed with the Democrats, and with Joe Biden, in particular because of some slight, which were just plain stupid too. By the way, that he decided to support with hundreds of millions of dollar, ...

Demographics

 I am preparing a kind of family tree for our children so that they know where they came from.  In my family I am the only survivor, although my brother and sister died recently they were both in their seventies (a story I told already).    It was a fun process, but it provided more than that.  First, I married relatively young I was 26 when I married and nearly 30 when our first child was born.   I was looking at my ancestors.  On my mother's side, she had 6 siblings, Four died before the age of 30, two in war, and two from illnesses.  Only she and a single sister survived.   The two boys had a child each but they died in WWII, and the other sister died as an infant.   what is interesting is that every one of my mother's siblings had children in their early 20s.   I know that my mom was hardly 20 when my brother was born.    What is remarkable is that among our friends, we are the only ones to have fou...