Majority of the local stock brokerages have remained outside the US-mandated reportorial compliance among foreign financial institutions, a worldwide campaign designed to flush out hidden overseas wealth and minimize tax abuse among Americans and green card holders through offshore accounts.
At highly selective colleges, the quotas are implicit, but very real. So are the psychological consequences. At Northwestern, Asian-American students tell me that they feel ashamed of their identity — that they feel viewed as a faceless bunch of geeks and virtuosos. When they succeed, their peers chalk it up to “being Asian.” They are too smart and hard-working for their own good.