Buzzword: H-1B visa
A whole lot of beautiful minds bring us this week's Marketplace Money buzzword: H-1B visa.
The H-1B visa is a permit that lets highly-skilled foreginers work in the U.S. People like scientists, engineers and other brainaics. The U.S. Immigration Services hands out 65,000 per year. Last Monday morning, the service started accepting applications for this year's batch. Hours later, they had to stop, 'cause a record 150,000 people had already applied.
How will the service decide which of these folks are brilliant enough to deserve an H-1B? A computer will pick them randomly. Smart.