Quote:

---

Over the weekend, openly defiant CEOs, particularly among the tech sector, expressed their displeasure with Trump's Friday executive order temporarily banning refugees and limiting travel from seven Muslim countries, with both words and deeds, among which the following (summary courtesy of Axios):

VCs funding the ACLU: Several venture capitalists, as well as a few entrepreneurs, took turns soliciting donations to the American Civil Liberties Union through social media and personally matching those donations.
Airbnb volunteers to help provide housing for impacted immigrants: The home-sharing company said that it will work with travelers and organizations to provide housing for those impacted by the executive order, whether through volunteer hosts or by funding housing.
Lyft and Uber commit millions of dollars to legal aid: On Sunday, Lyft said it will donate $1 million to the ACLU over the next four years. Later in the day, Uber said it will create a $3 million legal defense fund for impacted drivers, as well as provide legal assistance and compensate their lost wages.
Google is setting up a $2 million crisis fund: The search giant has set up a fund that will donate to the American Civil Liberties Union, Immigrant Legal Resource Center, International Rescue Committee, and UNHCR.

On Monday morning, former US Treasury Secretary Larry Summers, speaking in an interview with Bloomberg Television, said that he is “gratified” by what he heard from the tech community. “As global businesses, they have a huge stake in the United States being a nation of the Statue of Liberty rather than being a nation of refugee camps.” He added that “they have a huge stake in the United States supporting an open and tolerant global system, they have that stake for their employees, their customers, they have it for the reputation of the United States and they have spoken out.”

That may be, but the biggest reason for the anger by tech CEOs at the Trump administration is a simple, and a more selfish one. The reason for the simmering cold war between tech CEOs and Trump can be summarized in just three letters: H1-B. The bottom line is that tech CEOs fear Trump will single them out for outsourcing jobs or shut down the so-called H-1B visa program they use to hire high-skilled foreign employees for crucial engineering and technical jobs.

And, as Axios adds, White House officials say they are right to be nervous, especially about changes to the visa program. Chief strategist Steve Bannon and policy chief Stephen Miller are known to be deeply skeptical of the program, and will have a strong, vocal ally when Jeff Sessions gets confirmed as Attorney General. Some further observations:

Trump's mixed messages: On the campaign trail, he promised to "end forever the use of H-1B as a cheap labor program." He later signaled in a meeting with tech leaders that he's most concerned about companies misusing the visas to displace lower-wage American workers.
How it works: Visas are capped at 65,000 a year, with 20,000 additional visas for foreign workers with master's degrees. The demand for the visas is so high that the cap is usually exceeded within a few days of the application window opening. The visas are distributed to companies through a lottery system.

Tech companies such as Microsoft, Google, IBM, Cisco, Apple, Intel and Facebook say the visas are crucial for specialized jobs they can't fill domestically because of a shortage of American graduates with the right technical skills. When CEOs spoke out over the weekend about the ban, they pointed out the importance of allowing the "best and brightest" to work in the U.S.

* * *

Which is why if a news report about Trump's next imminent executive order is accurate, the simmering cold war between the tech CEOs and Trump is about to nuclear.

Bloomberg reports that the Trump administration has drafted an executive order aimed at overhauling the work-visa programs technology companies depend on to hire tens of thousands of employees each year. If implemented, the reforms could force wholesale changes at India companies such as Infosys Ltd. and Wipro Ltd., and shift the way American companies like Microsoft Corp., Amazon.com Inc. and Apple Inc. recruit talent. Companies would have to try to hire American first and if they recruit foreign workers, priority would be given to the most highly paid.

The draft of Trump’s executive order covers an alphabet soup of visa programs, including H-1B, L-1, E-2 and B1. The first is a popular program with technology companies and is aimed at allowing them to bring in high-skill workers when they can’t find local hires with the appropriate skills. The legislation caps the number of people who can enter the U.S. annually at 85,000, including those with undergrad and master’s degrees.

The average salary of an H-1B worker at Apple is reportedly more than $100k.

“Our country’s immigration policies should be designed and implemented to serve, first and foremost, the U.S. national interest,” the draft proposal reads, according to a copy reviewed by Bloomberg. “Visa programs for foreign workers … should be administered in a manner that protects the civil rights of American workers and current lawful residents, and that prioritizes the protection of American workers -- our forgotten working people -- and the jobs they hold.”

The foreign work visas were originally established to help U.S. companies recruit from abroad when they couldn’t find qualified local workers. But in recent years, there have been allegations the programs have been abused to bring in cheaper workers from overseas to fill jobs that otherwise may go to Americans. The top recipients of the H-1B visas are outsourcers, primarily from India, who run the technology departments of large corporations with largely imported staff.



“If firms are using the program for cheap labor, I think it will affect them and they will have to pay workers more,” said Ron Hira, an associate professor at Howard University. “If tech firms are using the program for specialized labor, they may find there are more visas available.”



The Trump administration did not respond to a request for comment on the draft. The proposal is consistent with the president’s public comments on pushing companies to add more jobs to the U.S., from auto manufacturing to technology.

It’s not clear how much force the executive order would have if it is signed by the president. Congress is also working on visa reforms and the parties will have to cooperate to pass new laws. Zoe Lofgren, a Democratic congresswoman from California, introduced a bill last week to tighten requirements for the H-1B work visa program.

"My legislation refocuses the H-1B program to its original intent – to seek out and find the best and brightest from around the world, and to supplement the U.S. workforce with talented, highly-paid, and highly-skilled workers,” Lofgren said in a statement.

Meanwhile, as Bloomberg adds, India’s technology companies, led by Tata Consultancy Services Ltd, Infosys and Wipro, have argued they are helping corporations become more competitive by handling their technology operations with specialized staff. They also contend the visa programs allow them to keep jobs in the U.S. and that if they have to pay more for staff, they will handle more of the work remotely from less expensive markets like India. Trump, however, see things differently.

“Inspections and investigations in the past have shown no cases of wrongdoing by Indian IT services companies, which have always been fully compliant with the law,” said R Chandrashekhar, president of Nasscom, the trade group for India’s information technology sector. “The industry is open to any kind of checks in the system, but they should not cause any hindrance to the smooth operation of companies.



The proposed Trump order is also aimed at bringing more transparency to the program. It calls for publishing reports with basic statistics on who uses the immigration programs within one month of the end of the government’s fiscal year. The Obama Administration had scaled back the information available on the programs and required Freedom of Information Act requests for some data.



Whatever specific changes are implemented, they are likely to add to the expenses for India’s technology companies. That may accelerate a shift to new kinds of services, such as cloud computing and artificial intelligence, said Raja Lahiri, partner at the Mumbai-based partner at consultancy Grant Thornton India

“The visa challenges are not going to go away easily,” he said. “They will continue to be a challenge for Indian IT companies.”

But while the pain for India will be acute, it will be Silicon Valley that may be most impacted, as suddenly its favorite source of cheap, skilled labor is eliminated. How it will responds remains to be seen.

---

Quote:

---

In a word: H-1B visas But where will we get our cheap programmers from???= SIGNY

So you're ok paying more for your computer?- GSTRING

---

Quote:

---

I don't think you understand the relationship between Business and Consumers.

---

Quote:

---

You can boil most all of that down to the fact, repeated several times:
"the visas are crucial for specialized jobs they can't fill domestically because of a shortage of American graduates with the right technical skills."
When we produce more home grown programmers with the right skills they won't have to look over seas. = GSTRING

---

Quote:

---

Originally posted by G:
Then you native experts are being priced out of the market - welcome to Retail 101! That's called Competition!

---

Quote:

---

Originally posted by THGRRI:
About your source for most of the fake news you post here SIG.

Zero Hedge is a batshit insane Austrian school finance blog run by two pseudonymous founders who post articles under the name "Tyler Durden," after the character from Fight Club.It's essentially apocalypse porn. It has accurately predicted 200 of the last 2 recessions.

The site posts nearly indecipherable analyses of multiple seemingly unrelated subjects to point towards a consistent theme of economic collapse any day now.

Only people who are trolls post opinions from there SIG.

____________________________________________

---

Quote:

---

About your source for most of the fake news you post here SIG.
Zero Hedge is a batshit insane Austrian school finance blog run by two pseudonymous founders who post articles under the name "Tyler Durden," after the character from Fight Club.It's essentially apocalypse porn. It has accurately predicted 200 of the last 2 recessions. The site posts nearly indecipherable analyses of multiple seemingly unrelated subjects to point towards a consistent theme of economic collapse any day now.
Only people who are trolls post opinions from there SIG. = IDIOT

The one sane voice. My mind is made up. Don't confuse me with the facts - REAVER

---

Quote:

---

Originally posted by SIGNYM:
So, let's see... It turns out that the "fake news" website that I linked to WAS CORRECT: H-1B visas are on the table, and giant tech companies are crying because they "can't find enough American STEM graduates to fill their openings".

I hope that the Trump administration sees that for the crock of shit that it is and tells them to take a long walk off a short pier.

---

Quote:

---

Originally posted by 1kiki:
The Zero Hedge article essentially reposts two sources - Bloomberg and Axios Media.

Bloomberg is a well-established 'source' with a known focus and bias.

Axois Media (wiki): AXIOS Media or Axios is a news and information company started in 2016 by Politico co-founder Jim VandeHei, former Chief White House correspondent at Politico, Mike Allen, and former Politico Chief Revenue Officer Roy Schwartz. Axios launched in 2017.[1] In the summer of 2016, it secured $10 million in a round of financing led by Lerer Hippeau Ventures. Backers include NBC News, Emerson Collective, Greycroft Partners, and David and Katherine Bradley, owners of Atlantic Media.[1]

The company has a mission statement that consist of, “Media is broken—and too often a scam.” It plans to focus on "business, technology, politics, and media trends."[1]

Whether or not Axios posts 'fake news' remains to be seen.

But at least half the article comes from a source - Bloomberg - even you, THUGGER, would find legitimate.

Which you would have known if you exercised your (admittedly deficient) reading skills and actually read the article.

Assuming you can stop being such a troll, of course.

---

Quote:

---

While Trump is attacking H-1B visas, maybe he should attack the pharmaceutical industry? - SECONDHAND

---

Quote:

---

Tips for analyzing news sources:- DUMBERTHANABOXOROCKS

---

Quote:

---

Originally posted by SIGNYM:

Quote:

---

Tips for analyzing news sources:- DUMBERTHANABOXOROCKS

---

HEY STUPID!
*waves arms*
YEAH, YOU, THUGR!

Do you want to know how to analyze "news sources"?
YOU DON'T
You're supposed to be analyzing the news, not the sources, ya bonehead!
Analyzing news sources is like ... no, it IS .... letting someone else do your thinking for you.

---

Quote:

---

Originally posted by SIGNYM:

Quote:

---

While Trump is attacking H-1B visas, maybe he should attack the pharmaceutical industry? - SECONDHAND

---

He is.

Yanno, you're funny SECONDRATE - attacking Trump for not doing "enough" of what Obama should have been doing all along. But for all of Obama's pious hand-wringing about the misfortunes of the middle class, it seems all Obama could do was promote jobs in other countries as he pushed for "free trade", and watch helplessly as money FLOODED upwards and the wealth gap went from awful to catastrophic.

NOW, all of the sudden, you're "worried" about American jobs?

What a fucking hypocrite. No wonder Hillary lost.

---

Quote:

---

If you can't trust the source you can't trust what they say.-STUPID

---

Quote:

---

And if they refuse to give their identities and stand behind what they report, ( zero hedge ) then they are a source you cannot trust.

---

Quote:

---

I am mocking Trump at how short he has fallen from his promises. -SECONDARTE

---

Quote:

---

Originally posted by SIGNYM:

Does it sound like a lot of work? YES, IT DOES. Fortunately, I know a few real newshounds as well- two Canadian friends, one who is a retired journalist and who knows everybody including the CNN station chief in a major mideast country, and we belong to an email list where I'm a minor contributor.

---

Quote:

---

Originally posted by SIGNYM:

Quote:

---

If you can't trust the source you can't trust what they say.-STUPID

---

If you TRUST a source ... ANY source ... then you're being unbelievably stupid.

Now, about Zerohedge: Most of their articles are from other sources, with names and websites, or linked to the original source in the post. They are incredibly (small "c") catholic about where they get their news and opinions from: It could be anywhere from Reuters to RT, BBC to Xinhua, Fox News to Huffington Post to International Business Times (IBT).

This is how I handle Zerohedge: I scan their headlines. Most of them are blah-blah-blah about VIX or quadruple crosses or other "insider baseball" about stocks and investments. The few headlines that I find interesting, I GO BACK TO THE ORIGINAL SOURCE, which is available most of the time, or I DOUBLE CHECK OTHER SOURCES. If I find the article exceptionally interesting and prescient, I make a point of remembering who wrote it, and I start mentally recording their track record: how often did what they say or predict on which topic turn out to be true? Most writers have a bent and an area of expertise. I think I found both Syria Direct (pro-rebel) and Southfront (pro-government) through Zerohedge.

Does it sound like a lot of work? YES, IT DOES. Fortunately, I know a few real newshounds as well- two Canadian friends, one who is a retired journalist and who knows everybody including the CNN station chief in a major mideast country, and we belong to an email list where I'm a minor contributor.

I WISH I COULD JUST SIT DOWN AND READ THE NEWS, but if there's one thing I know, everybody spins the news, EVERYBODY. "Reliable" news organizations like BBC and CNN and MSNBC post just a tiny fraction of the real news, and that tiny fraction is extremely biased. They spin the news just as much as RT or Xinhua or Zerohedge, if not more. So NOBODY just gives you the news, and if you think they do, then you're gullible.

Quote:

---

And if they refuse to give their identities and stand behind what they report, ( zero hedge ) then they are a source you cannot trust.

---

As I said, most of their stories are from named sources or linked to named sources, and the fact that you don't know that tells me that you don't know Zerohedge, so anything you say about it is bogus.

---

Quote:

---

Totally wrong of course, again - the same cut-n-paste nonsense pumped back up with hot air and re-posted. You know you have posted that several times before, right?-GSTRING

---

Quote:

---

"If you can't trust the source you can't trust what they say. - THUGR

---

Quote:

---

Secondly, you are trusting that zero hedge is not changing anything about the stories they are quoting- THUGR

---

Quote:

---

Originally posted by SIGNYM:

Quote:

---

Totally wrong of course, again - the same cut-n-paste nonsense pumped back up with hot air and re-posted. You know you have posted that several times before, right?-GSTRING

---

Yes, I know, but it has not yet sunk in: You can't trust ANY source, and yet.... you still do. Because here is THUGR, still talking about "trusting sources"!

Quote:

---

"If you can't trust the source you can't trust what they say. - THUGR

---

THUGR, son, try to talk about the media without ever once using the word "trust". Do you suppose that's possible?

Quote:

---

Secondly, you are trusting that zero hedge is not changing anything about the stories they are quoting- THUGR

---

OMFG

I assume that they DO change things about ANYTHING that they post. That's why I check on interesting stories with other sources! Wow, what will it take for the concept to sink in?

---

Quote:

---

Originally posted by 6IXSTRINGJACK:
That's pretty much what happened to me. If they can't replace us with robots, they'll just find cheaper labor. Welcome to the new world order.

Do Right, Be Right. :)

---

Quote:

---

Originally posted by G:

Quote:

---

Originally posted by SOCKPUPPET:

Quote:

---

Originally posted by 6IXSTRINGJACK:
That's pretty much what happened to me. If they can't replace us with robots, they'll just find cheaper labor. Welcome to the new world order.

Do Right, Be Right. :)

---

Scary robots.

---

That's the Dream I remember - you use to post some of the best soft core stuff.

---

Quote:

---

Originally posted by G:

Quote:

---

Originally posted by 6IXSTRINGJACK:
That's pretty much what happened to me. If they can't replace us with robots, they'll just find cheaper labor. Welcome to the new world order.

---

Did you type that on the most expensive computer you could find? Welcome to the old world consumer.

---

Quote:

---

Originally posted by G:

That's the Dream I remember

---