“Putting American Workers First,†reads the bold headline on the home page of the U.S. Citizenship and Immigration Services, proclaiming: “New Measures to Detect H-1B Visa Fraud and Abuse.†A click through to the April 3 statement outlines steps the agency will take to clamp down on the use of temporary visas for foreign workers in specialty occupations. Among …
Read More »Opinion
Stop pretending on Greek debt issue
Greece and its creditors say they’ve made progress in their endless negotiations over the country’s debts — enough to avoid a default on payments worth more than 7 billion euros in July. That’s good, but it was the easy part. The definitive settlement that Greece and the European Union both need still isn’t in sight. For the past seven …
Read More »Donald Trump’s policy volte face
His critics called him a political novice, blasted his unorthodox presidential campaign and wrote him off for US presidency. Still Trump became 45th president of United States defying all odds. But one thing his detractors failed to understand was Trump’s ability to make about-face on promises and policies related to both domestic and international issues if the situation demands. …
Read More »Currency manipulation has another meaning for traders
Politicians like to throw around the phrase “currency manipulation†when they feel that some other nation has developed an unfair trade advantage by way of an artificially weak exchange rate. In the currency markets, though, it has a more benign meaning and can help explain some of the seemingly head-scratching moves of late such as the dollar’s weakness. That’s …
Read More »Wal-Mart offers cheap when people want easy
Wal-Mart Stores Inc. on Wednesday unveiled a new discount program to entice customers to pick up online orders from its stores. The idea is: If it’s cheaper for Walmart to get stuff to its 5,000 stores, rather than millions of individual households, than why not pass along part of that discount? It has the extra benefit of getting customers …
Read More »In Google’s fight with Uber, everyone loses
Uber is currently in trouble for, well, a lot of things, but one particularly problematic thing is the claim that the ride-hailing company acquired trade secrets stolen from Waymo, the self-driving car unit of Google parent Alphabet Inc. It’s also a case where Uber isn’t the one behaving badly. According to a lawsuit filed by Waymo, employees swiped files …
Read More »Are living standards truly stagnant?
It may turn out that the widespread belief that most Americans’ incomes have stagnated for years is, well, false or at least overstated. Say what? No doubt, many Americans feel that, except for the rich and segments of the upper middle class, they’ve been treading water economically for years. To take a prominent piece of evidence: In 2015, the …
Read More »United is feeling the sway of consumers in Asia
On Monday — Day 1 of the fiasco over United Airlines’s forcible removal of a passenger from an overbooked flight — the stock of United Continental Holdings Inc. actually rallied. Perhaps Americans were outraged by how the passenger was treated, but airlines operate in a consolidated industry where consumers don’t have much choice. Investors seemed to shrug and assume …
Read More »A gag rule won’t help women advance
Paying women less than men is not only unfair but counterproductive. Women and men alike prefer to work for — and work harder for — companies that pay equally. Yet women who hold down the same jobs as men, with the same qualifications, still generally earn less. So it makes sense to continue to try to close the gap. …
Read More »China must support efforts to rein in Kim
North Korea has reacted fiercely to the US move to send a Navy strike carrier USS Carl Vinson and its battle group to waters off Korean peninsula. The new development has further worsened the already volatile situation on the divided peninsula with the United States and South Korea conducting their biggest-ever military exercises. North Korea sees this annual wargames …
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