Immigration Give Me Your Rich, Your Lucky . . .

In the most sweeping policy revision in 25 years, the U.S. will welcome increasing numbers of Europeans and well-heeled foreigners

Wu Wen-shuo, a Taiwanese student, will be finishing medical school next year at UCLA. After that, he would like to remain in the U.S. So would many foreign residents. But Wu has an edge: cash, and lots of it. Under one provision of the sweeping new immigration law that took effect last week, permanent residency can go to investors who put at least $1 million -- or half that in rural or depressed areas -- into an American business that employs 10 or more workers. So, Wu, 22, is injecting $1.1 million, which he got mostly from his family, into a...

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