The First Circuit Court of Appeals denied the government's motion for a stay regarding the federal court decision striking down the $100k H-1B payment.
The government can appeal but that means the $100k fee is dead for now.
This is an enormous deal for the new H-1B Weighted Lottery.
In this year's lottery, student retention and average H1B pay was up. But that's because the fee only applied to people outside the country, and did not apply to students or others changing status (who tend to be earn more and work in higher-paying occupations).
But without the $100k fee in place, the outsourcers will come flooding back into the H1B program, helped by the new Weighted Lottery. That’s because the weighted lottery rewards seniority within an occupation (which the outsourcers do well at) but not higher salaries.
DHS needs to move to a compensation-based system before next year’s lottery to stop this from happening.
They have time to issue a new NPRM and finalize it before the spring if they move now.
The SEC will host a roundtable on September 17 to discuss moving towards 24-hour trading in the U.S. equity markets.
Agenda, panelists, and registration info will be available soon.
See additional info below ⬇️ https://t.co/JH4wuT6X5s
TODAY on #CNNSOTU with @Kasie
➡DHS Secretary Markwayne Mullin
➡ Stephen A. Smith
➡ Brad Todd, Xochitl Hinojosa, Scott Jennings, Jamal Simmons
Tune in at 9 AM and Noon on 📺 @CNN, 🌎🌍🌏 @cnni, 🎧📻 @Audacy, @tunein, @SIRIUSXM Ch. 116 & 🖥️💻📲 https://t.co/FhaqYPeU7g!
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Bitcoin’s most powerful buy signal isn’t an indicator.
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2015.
2018.
2020.
2022.
2026.
Bitcoin just tagged it again around $59,000.
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