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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns

3

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Immigration

U.S. Firms Stampede Immigration Services to Hire Skilled Foreigners

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Chris Matthews
Chris Matthews
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Chris Matthews
Chris Matthews
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April 8, 2016, 10:01 AM ET
USCIS Processes Immigrant Applications For U.S. Citizenship
John Moore—Getty Images
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American companies are desperate to hire skilled foreign workers.

U.S. Citizen and Immigration Services announced on Thursday that applications for skilled-worker visas, known as H1-B visas, had surpassed the 85,000 limit set by Congress for the entire year, within the first five days that applications were accepted.

That means that applications for visas will now be processed via lottery. According to USCIS, “Due to the high number of petitions, USCIS is not yet able to announce the date it will conduct the random selection process.”

Advocates for higher immigration levels argue that the news underscores the fact that the United States needs to reform its immigration law so that companies can hire more skilled immigrants, and that the United States is not producing enough skilled workers for its companies to thrive.

Critics of immigration argue, however, that the H1-B program is just a way for companies to force Americans to compete with foreigners and to drive down wages. They also see it as a program that helps support outsourcing, because companies bring in foreigners to train them here, and then ship the jobs back overseas.

“There’s a lot of evidence now that the program is used for cheap labor in the tech industry,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute told the Wall Street Journal. “The fact that reforms have not been agreed upon in Congress, despite all the attention, shows just how important the H-1B program is to the business community.”

 

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