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The cost of health care runs well over $1.1 trillion. Social Security is almost $1 trillion. Defense spending is $620 billion. Entitlement programs for our nation’s seniors and low-income individuals and families run $550 billion. (That includes food stamps, disability, […] The post The cost of health care runs well over $1.1 trillion. Social Security is almost $1 trillion. Defense spending is $620 billion appeared first on ValueWalk.

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There’s really no polite way to say this. When it comes to the H-1B system, the tech industry is pissed off.  “You know the fantasy of the H-1B opposition is that we’ll just hire more out-of-work coal miners and bring them to New York. And it’s not possible,” said Amol Sarva, a New York-based entrepreneur who’s helped found multiple startups, including Peek and Virgin Mobile USA. “They don’t have the skills or network or knowledge or background,” he said. There are a lot of disagreements surrounding H-1Bs. Critics say jobs that should go to Americans are given away to cheap foreign labor. But Sarva said creating jobs is hard to do when you can’t hire the workers you need. Even worse, the rules surrounding H-1Bs are complicated. It’s so bad that when I call the U.S. Citizenship and Immigration Services Office to clarify the rules, the spokesperson there gets something wrong. She says when workers lose their visas, they have 10 days to leave the country, when really it’s 60.  RELATED: What it's like to live and work in H-1B visa limbo Indians worry about U.S. degree prospects under Trump Some economic context for the immigration debate And with President Donald Trump’s recent executive orders on immigration, what once seemed merely complex and onerous became labyrinthine and even threatening. “We had to set up a separate hotline that was receiving phone calls about 18 hours of the day,” said Ian Macdonald, an immigration attorney with Greenberg Traurig, a law firm with offices around the globe. “Companies are wringing their hands. They’re frustrated. The companies we work with are just looking for simple guidance from the government. They want to be able to plan.”  Virtually all of his clients, when faced with the hassles of applying for and maintaining H-1B status, would prefer to hire American, Macdonald said. But the perceived level of difficulty associated with the H-1B program can vary depending on the size of the firm. Just take the Protect and Grow American Jobs Act. One of three new bills proposed to overhaul the H-1B system, it would see the minimum wage paid to H-1B workers raised from $60,000 to $100,000 a year. “The very large, well-known IT companies, quite frankly, wouldn’t bat an eyelid at paying higher filing fees, paying increased salaries, if it means they can get the employees they deem necessary for their operations,” Macdonald said. Instead, it’s the small to midsize companies that are worried. “The H-1B visa program is a one-size-fits-all. And that’s problematic,” said Daniel Aobdia an accounting professor who studies H-1Bs at Northwestern University’s Kellogg School of Management.  The system is lottery based and companies have to pay the filing fee, up to $4,000 per applicant, to enter. But last year the program was oversubscribed. Triple the number of applicants applied. Chances of getting your application picked were only about one in three. The office of U.S. Citizenship and Immigration Services says when an application isn’t selected, filing fees are refunded, but that doesn’t include legal fees, lost time or the loss of an employee you need. “Right now the current system privileges certain kinds of companies over other ones,” Aobdia said. Large ones. And small companies that really need one or two special workers can be left facing the difficult decision of whether or not to participate in an expensive gamble. “We didn’t win the lottery. I mean literally. We did not win the lottery,” said Ben Waber, CEO, co-founder of Humanyze, a small tech startup in Boston that analyzes productivity.   Waber is frustrated. His company uses sensors and digital data to better understand how employees collaborate and interact in the workplace. He said the workers he needs are hard to come by. “Literally in our field, there are about three, four dozen people outside my company who can do what we do. Globally,” he said. “Innovation doesn’t happen along these boundaries that are so incredibly scripted by the government,” said Sarva, the New York entrepreneur.  The threat to the U.S. economy doesn’t come from hiring skilled foreign workers, Sarva said. "Far more real is, if you can’t get visas, you just open an office overseas,” he said. That's a decision Waber may be forced to make. “At a fundamental level, businesses need two things to operate in a stable fashion: a stable labor pool and stable regulations,” he said. “And the current administration has thrown both of those really into disarray.” If his employees don’t get their visas next time, Waber is prepared. He’s started pricing office space in Japan and Canada. 

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Today’s infographic comes to us from Business Insider, and it shows the largest company headquartered in each state, based on headcount data from CapRelo. The Largest Company Headquartered In Each State Employees Versus Revenue In order to be considered one […] The post The Largest Company Headquartered In Each State, By Number Of Employees [INFOGRAPHIC] appeared first on ValueWalk.

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click for ginormous graphic Source: Calculated Risk   During the real estate bust — call it 2006 to 2010 — this was my favorite chart. It stripped out the seasonality (and related adjustments) and revealed what was actually happening in residential real estate. Here is Bill of Calculated Risk: The contracts for February existing home sales were… Read More The post Existing Home Sales (NSA) appeared first on The Big Picture.

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From the March 23 edition of Bill Blain's Morning Porridge “Offer him full and unfettered cooperation, no.. full and willing cooperation.. Then I will tell you which papers to burn.” There is plenty written elsewhere about yesterday’s Lone Wolf terror attack in London. Hardening electoral sentiment is one danger – that’s their aim. Populism fuels Islamophobia which is the perverse goal of the Jihadis. Many analysts are terrified of the potential effects of attacks in France

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Update: House Intel Chairman Nunes spoke to reporters when he left the briefing at The White House and had some more stunning things to say: *NUNES: BRIEFED PRESIDENT ON CONCERNS OVER INCIDENTAL COLLECTION *NUNES: `PRESIDENT NEEDS TO KNOW' THESE INTEL REPORTS EXIST *NUNES: SOME OF WHAT I'VE SEEN SEEMS TO BE `INAPPROPRIATE' *NUNES: TRUMP, OTHERS IN TRANSITION PUT INTO INTELLIGENCE REPORT *NUNES: QUESTION IS IF TRUMP SHOULD BE IN THESE `NORMAL' REPORTS And the punchline: there are "multiple

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Authored by Mike Shedlock via MishTalk.com, Recent polls for Italian politicians supporting the eurozone and EU have collapsed. Pro-Europe polls are highly likely to get worse as a  further splintering of Matteo Renzi’s PD party takes place. It is not out of question for Beppe Grillo’s eurosceptic Five Star Movement (M5S) party to achieve an absolute majority in the next election. However, please note that 40% is the threshold for a “majority”. The Financial Times

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The post Wage Growth after the Great Recession appeared first on The Big Picture.

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Founder of Media Matters, and infamous Hillary "attack dog" and agit-prop specialist, David Brock has suffered a heart attack, but is expected to make a "swift recovery," a senior aide said Wednesday. As The Hill reports, "David Brock suffered a heart attack while working in the Washington DC office early Tuesday," Bradley Beychok, Brock's chief of staff, said in a statement.   "He was quickly transported to a local hospital, received prompt medical

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Just as Yellen & Co. has finally decided that 'Everything is Awesome' and started raising interest rates (the timing of which we're almost certain was in no way influenced by the conclusion of the recent election cycle), signs continue to mount that global economies are not as healthy as the Fed suddenly believes them to be.  In fact, over just the past couple of days we've highlighted a litany of negative economic data points including crashing bank loan creation, surging auto loan

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Authored by Simon Black via SovereignMan.com, Sometimes you have to marvel at the absurdity of the financial universe in which we live. On one side of the Atlantic, we have the United States of America, which triggered yet another debt ceiling disaster last Thursday when the US government’s maximum allowable debt reset to just over $20 trillion. Of course, the US national debt is pretty much already at $20 trillion. (That’s roughly $166,000 per taxpayer in the Land of the

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Silver Wheaton and Franco-Nevada hosted a mine tour of the Antamina Mine in Peru on March 2, and the promise of substantial additions to the streaming company’s assets prompted positive comments from two industry analysts.   Submitted by Streetwise: “With Antamina representing a significant proportion of SLW’s production profile, the tour highlighted the opportunity for […] The post Silver Wheaton’s Profile Boosted by Progress at Antamina Mine appeared first on Silver Doctors.

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Meet the “oceanic multi-purpose Status-6 system”: a Nuclear Mole that can be remotely detonated to trigger a massive radioactive tidal wave.  Was THIS the real reason a Russian sub was spotted patrolling so close to US waters several weeks ago? The post Secret Russian Weapon Could Wipe Out NYC, Boston & D.C. in Minutes With a Massive Radioactive Tidal Wave appeared first on Silver Doctors.

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Silver Slayer Reveals His Favorite New Silver Coins, the Silver Queen’s Beasts: 2 oz Silver Queen’s Beasts Red Dragon Intro Pricing: $2.69/oz Over Spot!     The post Meet the Queen’s Beasts appeared first on Silver Doctors.

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Michael Pento warns the collapse has started and will get worse quickly. “When the European Central Bank (ECB) announces they are going to take the $60 billion a month of easing and take it to zero, you are going to see a bond market revolt. The free market, whatever is left of it, is going to […] The post Michael Pento Warns The Stock Market Will Fall at Least 50% appeared first on Silver Doctors.

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The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides. China is not just going to sit there and take whatever Trump throws at them.  Every single time the U.S. has imposed tariffs on […] The post The Upcoming Trade War Between The US & China Will Be The Biggest In The History Of The Planet appeared first on Silver Doctors.

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Mike Rivero Makes the Case That Just Like the Soviets In 1990, the US Gov’t Is Poised to Fail Due to a Financial Crisis: On Sale At SD Bullion The post US Govt Poised to Fail Like Soviet Russia appeared first on Silver Doctors.

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By Nick Kounis of ABN Amro Euro Rates Watch – Will the TLTRO spark carry trades? The last of the ECB’s TLTRO-II operations is expected to have a big take up, with the market expecting EUR 125bn, and some forecasts as high as EUR 300bn From a rates perspective, what matters is whether these funds will trigger flows into the bond or swap markets as banks set up carry trades Carry trades have certainly looked attractive and currently there is a possible spread of around 80bp between the rate

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Authored by Altay Atli via The Strategic Culture Foundation blog, As the diplomatic squabble between Turkey and the Netherlands continues to fester, concerns are raised about whether — and to what extent — the tensions will harm bilateral relations, particularly in economics where the two countries have robust trade and investment connections. For Turkey, the Netherlands offers a large and expanding export market. Trade between the two countries has roots in the 17th century when

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Bix Weir breaks down how markets are manipulated via Computers and Derivatives and dives deep into Silver Market Rigging.  2 oz Silver Queen’s Beasts Red Dragon Intro Pricing: $2.69/oz Over Spot! The post ALERT: Silver Manipulation Explained – Bix Weir appeared first on Silver Doctors.

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We first need to remember where this all started -- nearly a hundred years ago Trotsky was exiled from Russia; he packed his bags and headed for Mexico to start what is known today as the neocon movement. Their stated goal was to spread a brand of government via military means -- remaining in a state of revolution at all times. They are, essentially, communists masquerading as capitalists and they co-opted the republican party. Today, the children of the original neocons, like Bill Kristol,

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