The NY Times article mentioned how many Chinese PhD students at one university in the US are now going back to China. PhD's leaving the US are a huge loss of educational capital. It costs a university more to educate a PhD than they bring in tuition. The reason is the number of faculty hours a PhD students takes, in small seminars, compared to the larger class sizes for master and undergraduate students.
Thomas Friedman had a proposal a while ago, that for certain major s when a foreign citizen person graduates in the US with an advanced degree, they automatically get a green card. The current H1B system is broken and leads to exportation of many in it. You are forced to stay with the employer who sponsors you until you get a green card, and if you change employers you have to reapply for a green card and start the process over again. I view it as a form of indentured servitude. I hope the US changes this short sited policy. The flow of amazingly talented individuals educated in the US is a huge loss of human capital. There are so many companies founded by immigrants in Silicon Valley with advanced degrees.
Bin Laden's legacy - Lexington in the Economist
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