Tuesday, December 27, 2022

THE FALL OF JOE BIDEN'S CRONY TECH BILLIONAIRES FOR OPEN BORDERS - That’ll Leave a Mark: 7 Big Tech Moguls Lost $433 Billion in 2022 - EAGLE Act: Tech Investors vs. Everybody Else

The home of Hollywood and Silicon Valley, once a beacon of opportunity and prosperity, is today a sinking ship.  Immigration policy is a significant factor in that decline.

The EAGLE Act would turbocharge companies’ incentive to import college graduates — most from India and China — into a wide variety of Fortune 500 careers that are needed by young American graduates — including millions of swing-voting graduates who helped the Democrats abort a GOP blowout in November. Section 7 of the bill “is an end-run around the annual green card limit,” Rep. Scott Fitzgerald (R-WI) told the Committee on Rules on December 5.


This outsourcing campaign has been ignored by establishment outlets, such as the New York Times and the Washington Post, which is owned by Jeff Bezos, the owner of Amazon.


The U.S. tech sector has hired so many visa workers that a

 growing share of its middle-ranked and senior leadership

 consists are picked from a sprawling network of current and

 former visa workers. For example, Microsoft‘s CEO and

 chairman is Indian-born Satya Nadella, and Twitter’s recently

 departed CEO is Parag Agrawal who was apparently picked by

 the company’s board while he was still an H-1B visa worker. In

 turn, the CEO report to the company boards, which are

 dominated by representatives of major investors.


A bad year for IT companies

It has just been reported by Human Events that in 2022, big tech lost $7.4 trillion. Perhaps it has to do with the fact that many are leaving the platforms due to their tyrannical policies, or -- in Twitter's case -- are rebuilding. Many of these companies reported groundbreaking numbers of layoffs. In Twitter’s case, Elon Musk rightfully fired half of the staff that Jack Dorsey had.


WSJ: Elon Musk’s Financial Empire Is in Trouble

Elon Musk and Cybertruck
Ringo H.W. Chiu/AP

In a recent article, the Wall Street Journal reports that Tesla CEO and Twitter owner Elon Musk’s immense wealth and borrowing power are being tested as Tesla shares continue a rapid decline while he attempts to stabilize his $44 billion investment in Twitter.

The Wall Street Journal reports that Elon Musk is facing financial pressure as Tesla stocks continue a downward trajectory and his $44 billion investment in Twitter has yet to pay off. The WSJ states that Musk’s ability to use his Tesla shares to raise money by selling or borrowing against them is being complicated by their rapid loss in value in recent months.

musk

Tesla CEO Elon Musk unveils the new Tesla factory in Fremont, Calif., Wednesday, Oct. 27, 2010. The new Tesla factory is the former NUMMI plant. (AP Photo/Paul Sakuma)

Elon Musk satanic costume

(Taylor Hill /Getty)

The WSJ notes that Musk has largely been a cash-poor billionaire for most of his career, depending upon margin loans — borrowing backed by his Tesla shares — for personal expenses and business investments while retaining his shares. But as Tesla’s market value has fallen by approximately $700 billion this year, Musk’s personal wealth has declined.

Tesla shares have fallen by around 65 percent in 2022 and Tesla investors have grown concerned by Musk’s focus on Twitter following his takeover of the company in October.

The WSJ writes:

Late last year, just as Tesla’s stock price peaked, he began selling Tesla shares, totaling more than $39 billion including $3.5 billion last week. It’s unclear what his liquidity is like after what he said would be a more than $11 billion tax bill for 2021 and putting up roughly $25 billion in cash as part of buying Twitter.

Mr. Musk’s current Tesla holdings, not including exercisable options, total 424 million shares worth about $52 billion at Friday’s closing price of $123.15 a share.

Simply put, if he could tap all of those shares as collateral under Tesla’s rules, he’d be allowed to borrow about $13 billion. That’s only a bit more than he planned to borrow in April as part of the original Twitter deal using just 40% of his shares as collateral, underscoring how his borrowing power has shrunken with the collapse of the car company’s share price. He later scrapped those proposed margin loans to fund the deal amid investor concerns over the risk.

Read more at the Wall Street Journal here.


That’ll Leave a Mark: 7 Big Tech Moguls Lost $433 Billion in 2022

Mark Zuckerberg deep in thought (Drew Angerer /Getty)
Drew Angerer /Getty
4:07

Big Tech has had a rough year, with many startups failing and stock prices plummeting. As a result, seven of the world’s tech billionaires have lost a combined $433 billion in total wealth.

The Washington Post reports that tech executives and founders have seen significant losses in their net worth this year as tech stocks have declined and many companies have experienced slowed growth.

Elon Musk, Tesla chairman, smokes a "spliff" (marijuana and tobacco cigar) on the Joe Rogan Experience podcast.

Elon Musk, Tesla chairman (Joe Rogan Experience/YouTube)

American Businessman Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. (AP Photo/Michael Probst)

American Businessman Bill Gates attends a discussion during the ‘Munich Security Conference’ in Munich, Germany, Friday, Feb. 18, 2022. (AP Photo/Michael Probst)

The value of tech stocks has declined significantly in 2021, leading to significant losses for executives and founders whose net worth is tied to their company’s performance. One notable example is Mark Zuckerberg, the founder of Facebook (now known as Meta), who suffered a decline of almost $81 billion in his net worth this year.

However, unsurprisingly, Zuckerberg is far from broke with a remaining net worth of almost $45 billion — more than the GDP of Iceland. And several of the billionaires still have more money than they did in 2019 as the tech market saw accelerated growth during the early stages of the coronavirus pandemic, highly inflating tech stock value before its recent plunges this year.

In 2022, tech stocks experienced a significant decrease due to the pandemic’s impact on sales. This caused tech companies, which have seen rapid growth in the past decade, to implement hiring freezes and large-scale layoffs.

While some tech executives experienced financial challenges this year, others saw an increase in their wealth. Zhang Yiming, the founder of TikTok’s parent company ByteDance, saw his net worth rise by more than $10 billion to nearly $55 billion.

Other tech moguls saw losses, but not to an extremely worrying degree, such as Oracle co-founder Larry Ellison who lost $16 billion this year but has still retained his spot as the seventh-richest person in the world. Similarly, Michael Dell of Dell Technologies saw his net worth drop by around $7 billion, allowing him to remain just ahead of Zuckerberg on the list of the top 25 wealthiest people in the world.

The seven billionaires include Elon Musk, who lost $132 billion in net worth this year and lost the title of world’s wealthiest person. His current net worth is, of course, still huge at $139 billion. Amazon founder Jeff Bezos lost $84.1 billion this year as Amazon shares plunged almost 50 percent, but still retains a fortune of $108 billion.

Google co-founder Larry Page and Sergey Brin saw similar losses, with Page losing $44.6 billion leaving him with a net worth of $83.8 billion and Brin losing $43.4 billion, leaving him with $80.2 billion.

Bill Gates saw a loss of $28.7 billion, leaving his net worth at $109 billion. Gates’ decline roughly matches that of the S&P 500 this year, meaning that these losses have largely tracked with a broad view of the overall market and gauge of the economy. Many of Gates’ losses relate to his various investments in companies, real estate, and farmland. But Gates’ Microsoft shares also shrank by 30 percent having a negative effect on his net worth.

Former Microsoft CEO Steve Ballmer saw a loss of $20.2 billion this year leaving him with a net worth of $85.5 billion. Similarly to Gates, much of this is related to the decline in Microsoft shares, a company which Ballmer remained CEO of from 2000 to 2014. After retiring from Microsoft, Ballmer purchased the Clippers basketball team for $2 billion.

Read more at the Washington Post here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan

Fmr. Apple in China Employee: Due to ‘Deep Partnership’ with CCP, Companies Like Apple Have ‘To Do What They Want’

During a portion of an interview with NPR aired on Monday’s broadcast of “Morning Edition,” Doug Guthrie, a former employee of Apple in China who also advised company executives on Chinese politics, stated that due to the “deep partnership” between corporations like Apple and the Chinese government, Apple ends up having to do what the Chinese government wants.

During a clip that was played in a segment on Apple denying the Chinese people tools like the AirDrop feature that they use to get around the censorship tools of the Chinese Communist Party, Guthrie said, “There’s a deep partnership between companies like Apple and the Chinese government, and you’ve got to do what they want.”

NPR International Desk Correspondent John Ruwitch then stated, “The company has moved some assembly to places like India and Vietnam, but Guthrie calls that hand-waving about diversifying, relocating supply chains will take years. And he says that means Apple is beholden to China. And now, it has to contend with pressure from Chinese citizens who aren’t happy about that.”

Ruwitch also introduced Guthrie’s comments by stating that “He says Apple’s supply chains in China are the key to its profitability.”

Follow Ian Hanchett on Twitter @IanHanchett


MASSIVE LAYOFFS, PARTICULARLY IN HIGH TECH EVEN AS DEM HIGH TECH BILLIONAIRES DEMAND AMNESTY AND NO CAPS ON IMPORTING 'CHEAP' LABOR.

Employment Bubble Bursting | Massive Layoffs Tech & Fossil Fuel





A bad year for IT companies

It has just been reported by Human Events that in 2022, big tech lost $7.4 trillion. Perhaps it has to do with the fact that many are leaving the platforms due to their tyrannical policies, or -- in Twitter's case -- are rebuilding. Many of these companies reported groundbreaking numbers of layoffs. In Twitter’s case, Elon Musk rightfully fired half of the staff that Jack Dorsey had.

Human Events also reports that not one of the fifteen tech companies in the United States made a profit in 2022. This is a great thing. Consequently, due to the loss of money by these companies, many of the CEOs apologized for one mistake or another. However, they never come out and apologized for censoring conservative opinions.

Concerning Meta, Facebook’s parent company, Human Events reports, “after spending billions of dollars on the largely failing metaverse project, and forcing revenue to nosedive, CEO Mark Zuckerberg was forced to layoff around 11,000 employees and admit “I got this wrong.” Moreover, Amazon lost more than $1 trillion in market value, becoming the first company to reach such a number. Accordingly, Microsoft lost more than $889 billion, laying off 8,000 employees. Apple, whose products are made in China, did not suffer the same losses. But the company had to cut hundreds of jobs all the same. Lucky Twitter cut only around 3,500 jobs. Of course, the dichotomy with Twitter is that is has become a free-speech platform under the ownership of Elon Musk. Thanks to Musk, Twitter has seen a larger audience and more engagement now, than ever before. These tyrannical big tech companies should look at Twitter for success. Social Media companies should not become a front for the Democrat Party.

Approximately 210,000 employees were laid off by the fifteen tech companies. All fifteen have engaged in the surreptitious censorship of conservatives. In fact, in 2021, all these companies banned the sitting president of the United States, President Donald Trump. If they can do this to Trump, imagine what they can do to you. These parochial companies have demonstrated their will to “follow the money,” and this year all that money went down the toilet. These companies sunk, and that is a fantastic thing on behalf of the American people. The next Congress should repeal Section 230, which offers legal protection regarding what appears on their platforms. Will the repeal occur? Probably not, since our politicians have a copious number of lobbyists associated with Silicon Valley. However, great steps should be taken immediately to strip big tech of their protections.

Any time that these left-leaning platforms lose money, it is a good thing. They censored a sitting president, deplatformed conservative thought, lied about January 6th, and lied about COVID-19. The Twitter Files have shed light on all the darkness that these companies kept hidden away from the world. In many ways, the loss of money these companies experienced this year represents justice for all the catastrophes they unleashed. Always remember that a bad day for Silicon Valley is a good day for America.

Image: Blogtrepreneur




Why Most Californians Aren't Happy with the State | Victor Davis Hanson




Migrant enclaves already are at the top of the U.S. lists for bad places to  - 10 of the 50 worst places in America to live according to this list are in California, and all of them are famous for their illegal populations.             MONICA SHOWALTER


THERE'S A REASON WHY THE NAFTA GLOBALIST DEMOCRATS FOUND AND WENT TO BED WITH HIGH TECH BILLIONAIRES!

Why Big-Tech is Anti-Democracy | Victor Davis Hanson




The U.S. tech sector has hired so many visa workers that a

 growing share of its middle-ranked and senior leadership

 consists are picked from a sprawling network of current and

 former visa workers. For example, Microsoft‘s CEO and

 chairman is Indian-born Satya Nadella, and Twitter’s recently

 departed CEO is Parag Agrawal who was apparently picked by

 the company’s board while he was still an H-1B visa worker. In

 turn, the CEO report to the company boards, which are

 dominated by representatives of major investors.

GAMER LAWYERS JOE BIDEN AND HIS CUBAN GAMER LAWYER MAYORKAS

'THEY TAKE IT AWAY' Blackburns goes UNLEASHES on Mayorkas with B0MBSHELL 'title removal' DIRT


The home of Hollywood and Silicon Valley, once a beacon of opportunity and prosperity, is today a sinking ship.  Immigration policy is a significant factor in that decline.

Sanctuary California should be a cautionary tale, not a goal

By Dale Wilcox

From the moment Joe Biden assumed the presidency, immigration has been at the top of his agenda.  One of his first acts was to sign a series of executive orders that reversed the Trump administration's policies on things like border wall funding, travel bans, and sanctuary laws.

While Trump's goal for immigration policy was clearly articulated in his "Make America Great Again" concept, we have heard little on where Biden intends to take us with his immigration plank.  Judging from his actions so far, though, the destination is clear.  He wants to make America into California, and that should deeply concern every U.S. citizen.

What anti-borders politicians have done to California over the last 30 years is a disgrace.  The home of Hollywood and Silicon Valley, once a beacon of opportunity and prosperity, is today a sinking ship.  Immigration policy is a significant factor in that decline.

Taking on a massive population of illegal aliens has come at a colossal cost to Californians, in terms of finances, safety, and job opportunities, to name a few.  State residents foot the bill for more than $23 billion that is directly attributable to illegal immigration and its effects.  That breaks down to almost $2,000 for every legally present household each year.  This from a state that is already carrying more than $1.3 trillion in total state, county, and municipal debt.  Who wouldn't want to pay a hefty tax each year to encourage more illegal aliens to move to your community?

The chief catalyst for California's illegal alien crisis has been its embrace of sanctuary laws.  By preventing local law enforcement from cooperating with federal immigration authorities in the deportation of criminal aliens, there are virtually no consequences for violating our nation's immigration laws inside the state of California.

While the Orwellian-named California Values Act (S.B. 54) made sanctuary policy state law, it seems downright moderate compared to what some cities and counties have done.  S.B. 54 at least allows cooperation with ICE in only the most extreme of circumstances.

The sanctuary law in Santa Clara, the largest county in northern California, takes an even more radical position, stating that the county "does not, under any circumstances, honor civil detainer requests from U.S. Immigration and Customs Enforcement (ICE) by holding inmates on ICE's behalf for additional time after they would otherwise be released from County custody."

Before sanctuary laws, it had long been a practice of local law enforcement to cooperate with detainer requests as a way to expedite criminal aliens toward deportation.

The results of this policy have been about as bad as you might expect.  In Santa Clara County last November, police arrested Fernando De Jesus Lopez-Garcia after he allegedly stabbed five people inside the Grace Baptist Church, killing two and leaving three others seriously injured.

One witness called 911 to say a "man was going crazy, stabbing people and there was blood everywhere."  He was arrested on two counts of murder, three counts of attempted murder, battery on a spouse, and violation of a protective order.

Lopez-Garcia is an illegal alien with an extensive criminal record who had successfully avoided ICE apprehension after each arrest because of local and state sanctuary laws barring cooperation with federal immigration authorities.

In 2019, police arrested Carlos Eduardo Arevalo Carranza, an illegal alien from El Salvador, for allegedly beating and stabbing Bambi Larson to death in her San Jose home.  Reports later disclosed that police had previously arrested Carranza ten times for drugs, kidnapping, battery against a police officer, and burglary.  ICE had requested an immigration hold on Carranza seven times, but the Santa Clara Sheriff's Office (SCSO) refused every request.  Facing criticism for the sanctuary policy, the county supervisors met and inexplicably voted 5-0 to double down on the policy.

My organization, the Immigration Reform Law Institute (IRLI), recently concluded an investigation into these practices in Santa Clara and found some disturbing results.

We submitted a records request with the Santa Clara County Sheriff's Office to discover just how many ICE detainers it has received in recent time and how many of them applied to aliens with serious criminal backgrounds.  That request revealed that ICE lodged a total of 1,757 detainers in just two years — 909 requests in 2019 and 848 in 2020.  The law enforcement records technician with the sheriff's office confirmed with IRLI that every single one of these requests was ignored.

The Sheriff's Office refused to disclose to IRLI how many of the detainer requests applied to aliens who were convicted or charged with serious or violent felony offenses.  When IRLI asked about the last year an ICE detainer request was honored by the county, a records technician there replied that he could not find records that showed the last time a detainer request was honored.

The results of these laws are clear.  The county has become a haven for illegal aliens, particularly those with criminal records.  The communities are demonstrably less safe, and the influx of new arrivals creates a heavy financial burden on legal state residents.  Is it any wonder that taxpayers are fleeing the state in droves?

As the Biden administration goes full speed with its anti-borders agenda, however, there will be no place for concerned Americans to flee.  California-style laws will soon become federal laws.  We're about to conduct a national experiment in anti-borders cause and effect.  Buckle up.

Dale L. Wilcox is executive director and general counsel at the Immigration Reform Law Institute, a public interest law firm working to defend the rights and interests of the American people from the negative effects of mass migration.


Lofgren: Hard to Work with House Republicans Who Engaged in ‘Disgraceful and Un-American Activity’ on January 6

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Representative Zoe Lofgren (D-CA)  Friday on CNN’s “The Lead” that it is “hard” to work with Republican House members who voted against certifying the 2020 presidential election after the January 6 Capitol riot.

Anchor Jake Tapper asked, “In the next Congress, you will, in all likelihood, need to work with in order to achieve anything because you will be in the minority, work with people who either denied the election, voted against counting votes, voted against electoral votes, signed on to that crazy lawsuit from the Texas attorney general full of lies, or even individuals who defied their subpoenas, who refused to comply with congressional subpoenas. How are you going to do that?”

Lofgren said, “I’ll be honest, Jake, it’s hard. You know, I hear some of these guys talking about, you know, the rule of law and I think to myself you voted to overturn the Constitution, how can you even be saying this? But, you know, I’m elected to go back and get something done for my constituents and for the country, and I intend to try to do that, even though many of these Republican members really have engaged in disgraceful and un-American activity.”

Follow Pam Key on Twitter @pamkeyNEN


This outsourcing campaign has been ignored by establishment outlets, such as the New York Times and the Washington Post, which is owned by Jeff Bezos, the owner of Amazon.

The U.S. tech sector has hired so many visa workers that a growing share of its middle-ranked and senior leadership consists are picked from a sprawling network of current and former visa workers. For example, Microsoft‘s CEO and chairman is Indian-born Satya Nadella, and Twitter’s recently departed CEO is Parag Agrawal who was apparently picked by the company’s board while he was still an H-1B visa worker. In turn, the CEO report to the company boards, which are dominated by representatives of major investors.

EAGLE Act: Tech Investors vs. Everybody Else

Rep. Zoe Lofgren, D-Calif., attends the Select Committee to Investigate the January 6th Attack on the United States Capitol second hearing to present previously unseen material and hear witness testimony in Cannon Building, on Monday, June 13, 2022. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
Tom Williams/CQ-Roll Call, Inc via Getty Images
11:13

The high-stakes fight over the stalled EAGLE Act outsourcing bill now has a simple battle line: The West Coast tech investors and pro-migration progressives versus everyone else.

The battle lines became visible on Thursday when top technology investors — fronted by Amazon and Microsoft — emerged from the fog to announce their support for the outsourcing bill. This force only appeared after their allies on the Hill — chiefly Silicon Valley Rep. Zoe Lofgren (D-CA) — failed to stop a loose alliance of opponents from lining up against the bill.

The opponents include most rank-and-file Republicans, some Democrats, the immigration lawyers’ associationhospital chains, a leading member of the black caucus, and a medley of groups representing would-be immigrants who fear they will be pushed aside by a flood of Fortune 500 indentured workers.

“Progressive and conservative groups are trying to stop the EAGLE Act … I think it’s really an unprecedented situation,” tweeted David Bier, a pro-migration activist for the Cato Institute.

So far, the tech guys are losing to everybody else — the bill has been delayed at least one week, leaving the advocates even less time to rush the bill through the Senate.

The EAGLE Act would turbocharge companies’ incentive to import college graduates — most from India and China — into a wide variety of Fortune 500 careers that are needed by young American graduates — including millions of swing-voting graduates who helped the Democrats abort a GOP blowout in November. Section 7 of the bill “is an end-run around the annual green card limit,” Rep. Scott Fitzgerald (R-WI) told the Committee on Rules on December 5.

The visa-worker inflow has been growing since 1990, and it has helped to keep tech worker waves flat since 2009. The inflow has also allowed C-suite executives to suppress the workplace clout of professionals, maximize share prices at the cost of other priorities, and suppress the spinoff of rival companies by ambitious U.S. graduates.

The investor-owned Fortune 500 companies, and their pyramids of subcontractors, now employ roughly 1.5 million foreign contract workers in a wide variety of jobs needed by many underemployed and indebted U.S. technology graduates and their families.

The EAGLE Act would accelerate the inflow by allowing Fortune 500 companies to trade many more valuable green cards to Indian graduates in exchange for several years of lower wage, uncomplaining work.

But the bill also hides an even bigger corporate giveaway in Section 7: It would let U.S.-based employers trade the huge prize of lifetime U.S. work permits to an unlimited number of foreign workers in exchange for several years of cut-rate blue-collar or white-collar service.

On December 7, Pearl Harbor Day, Amazon suddenly appeared  with a tweet:

We are proud to support the EAGLE Act and are continuing advocate for common sense immigration reform on behalf of our employees and their families. We urge Congress to pass the #EAGLEAct, lifting unfair per-country visa caps for employment-based green cards

Microsoft joined in:

Microsoft has long supported the #EagleAct and its core provisions of eliminating EB per country limits and improving fairness in the green card process. It’s critical for Congress to consider these issues and bring much needed relief to those facing these extraordinary backlogs.

The U.S. tech sector has hired so many visa workers that a growing share of its middle-ranked and senior leadership consists are picked from a sprawling network of current and former visa workers. For example, Microsoft‘s CEO and chairman is Indian-born Satya Nadella, and Twitter’s recently departed CEO is Parag Agrawal who was apparently picked by the company’s board while he was still an H-1B visa worker. In turn, the CEO report to the company boards, which are dominated by representatives of major investors.

The EAGLE Act would greatly benefit the two companies because they are the greatest users of the H-1B visa program. The program keeps more than 500,000 foreign graduates in U.S. jobs by dangling the prize of U.S. citizenship in exchange for several years or more of dutiful servitude:

The MyVisaJobs site shows that Amazon asked for 21,000 three-year H-1B visas in 2022 plus 5,810 green cards as a bonus for those H-1Bs are already in the United States.

In 2019, the company also hired almost 3,000 recent foreign graduates of U.S. colleges via the fast-expanding  Optional Practical Training (OPT) program.

The MyVisaJobs site showed that Microsoft wanted roughly 11,000 three-year H-1B visas in 2022, plus 3,000 green cards as a reward for its current visa workers:

The DHS site showed Microsoft employed 900 foreign graduates with OPT work permits in 2019.

The federal government provides very little information about corporate hiring via the other L–1, J-1, and H4ED foreign-worker programs. Those programs include roughly 600,000 foreign workers in jobs that could be performed by many of the underemployed American technology graduates.

In 2022, the U.S. government quintupled the award of green cards to Indian graduates.

The tech companies’ public intervention is unusual because the investors prefer to do much of their public advocacy behind a screen of lobby groups, astroturf fronts, and plaintive pleas from camera-ready advocates.

For example, the very visible Immigration Voice group presents Indian visa workers as the primary beneficiaries of the giveaway act. But the group’s “advisory board” consists of a long-standing lobbyist for the tech industry and Neil Patel, the owner of the DailyCaller.com and a former staffer for Vice President Dick Cheney,

Similarly, the Eagle Act has been repeatedly pushed by FWD.us, which is an investor-created advocacy group for more migration. “Per-country caps on green cards create decades-long backlogs, making the immigration system less efficient & less fair,” FWD.us declared in September. ‘The bipartisan EAGLE Act would help fix that by reforming the caps, said the FWD.us report, which did not describe the new work-for-work-permits incentive and pipeline.

The breadth of investors who founded and funded FWD.us was hidden from casual visitors to the group’s website sometime in the last few months. But copies exist at the other sites. The 2013 founders included Facebook founder Mark Zuckerberg, Microsoft founder Bill Gates, John Doerr at Kleiner Perkins, Matt Cohler at Benchmark, and Reid Hoffman, a partner at the Greylock Partners investment firm who also sits on Microsoft’s board.

This outsourcing campaign has been ignored by establishment outlets, such as the New York Times and the Washington Post, which is owned by Jeff Bezos, the owner of Amazon.

The investors are being backed by their Silicon Valley ally, Lofgren. They are also backed by leaders in the Democrats’ pro-migration identity-group causes, including Rep. Pramila Jayapal (D-WA), the Indian-born leader of the progressive caucus. These groups play up the gains for Indian workers — but they dodge the concerns about the act’s Section 7 incentives for the Fortune 500 to hire foreign workers instead of Americans.

So far, the GOP leadership has opposed the EAGLE Act by saying it helps China’s communist government get more access to U.S. business. But Democrats have added language to take that objection away from the GOP leaders, who are fully aware that one in six of their voters in November said immigration controls are their top priority.

Apple’s CEO Tim Cook is also backing the bill — and recently met with GOP leaders.

GOP opposition to the EAGLE Act is complicated by Rep. Tom Emmer (R-MN) who managed the House Republicans’ 2022 election campaign. He eked out a narrow win in the 2022 election after he accepted huge donations from investor groups. Notably, the GOP campaign minimized criticism of the pocketbook damage caused to Americans by President Joe Biden’s cheap-labor migration policies.

Emmer was elected GOP whip in the next Congress.

Overall, investors and their companies employ roughly 1.5 million foreign contract workers in jobs that were denied to American graduates.

 A 2021 study by the Census Bureau reported massive underemployment among U.S. graduates amid the replacement-level inflow of visa workers:

The vast majority (62%) of [American] college-educated workers who majored in a STEM [science, technology, engineering and math] field were employed in non-STEM fields such as non-STEM management, law, education, social work, accounting or counseling. In addition, 10% of STEM college graduates worked in STEM-related occupations such as health care.

The path to STEM jobs for non-STEM majors was narrow. Only a few STEM-related majors (7%) and non-STEM majors (6%) ultimately ended up in STEM occupations.

The pre-inflation salaries in the tech sector rose from $78,845 in 2009 to $93,244 in 2018 and $104,566 in 2021. But that shows a slight decline of 0.3 percent according to the inflation calculator offered by the Bureau of Labor Statistics. As tech salaries stalled, tech investors gained trillions of dollars in extra value from escalating profits and stock prices.

The flat salaries for tech workers also allow many employers to cut salaries for many other non-tech graduates. “Most college graduates have actually seen their real incomes stagnate or even decline” since 2000, New York Times columnist Paul Krugman wrote in April.

The replacement of free-speaking American professionals with indentured foreign labor also allows executives to discard important civic priorities. These priorities — such as security, privacy, and durability of high-tech infrastructure — are sacrificed to lower costs and raise stock prices. The resulting damage was exposed by losses at Intel, and Boeing, and by the bankruptcy and jailings at Theranos.

The inflow of foreign workers also encourages coastal investors to minimize investments in inland states, so redirecting jobs, payrolls, housing wealth, and political power to the coastal states.

Many polls show the public strongly opposes corporate labor migration into the jobs that Americans need for middle-class lives, homes, and families.


Report: Washington Post Lost Half a Million Subscribers Since Biden Took Office

Trump was right. He was 'the best thing to ever happen' to the Bezos-owned paper.

 • December 8, 2022 5:50 pm

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Former president Donald Trump often said he was "the best thing to ever happen" to the Washington Post and other mainstream news outlets.

He was right.

The Wall Street Journal reports that the Jeff Bezos-owned publication has lost 500,000 subscribers since Trump left office in January 2021, which amounts to a decline of roughly 20 percent. The Post is on track to lose money in 2022 after years of profitability. The New York Times reported in August that the Post‘s business has "stalled" since President Joe Biden was sworn in, and layoffs are being discussed amid management's frustration with "numerous low performers in the newsroom."

Trump called it as early as December 2017, when he predicted that "newspapers, television, all forms of media will tank if I'm not there because without me, their ratings are going down the tubes." The Post is hardly the only media outlet suffering in the post-Trump era. BuzzFeedGannett, and CNN announced significant layoffs this month in an effort to cut costs.

The bottom line: Media outlets (and the anti-Trump grifters at the Lincoln Project) stand to financially benefit if Trump wins the Republican presidential nomination in 2024. Assess their coverage of the GOP primary with this in mind.

D.C. Attorney General Sues Amazon for Stiffing Delivery Drivers on Customer Tips

Amazon CEO Jeff Bezos
Alex Wong/Getty
3:19

Washington DC Attorney General Karl Racine filed a lawsuit against Amazon on Wednesday, accusing the tech giant of deceiving its customer base and “stealing” tips from delivery drivers.

In a press release on Wednesday, AG Karl Racine announced his new lawsuit against Amazon, and accused the company of “stealing tips from delivery drivers through a deceptive, illegal scheme that tricked consumers into thinking they were increasing drivers’ compensation when Amazon was actually diverting tips to reduce its own labor costs and increase profits.”

Amazon delivery driver

Amazon delivery driver ( PATRICK T. FALLON /Getty)

ROMEOVILLE, IL - AUGUST 01: Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center on August 1, 2017 in Romeoville, Illinois. On August 2, Amazon will be holding job fairs at several fulfillment centers around the country, including the Romeoville facility, in an attempt to hire more than 50,000 workers. (Photo by Scott Olson/Getty Images)

Workers pack and ship customer orders at the 750,000-square-foot Amazon fulfillment center on August 1, 2017 in Romeoville, Illinois. (Photo by Scott Olson/Getty Images)

“Workers in the District of Columbia and throughout our country are too often taken advantage of and not paid their hard-earned wages,” Racine said. “What’s more, consumers need to know where their tips are going. This suit is about providing workers the tips they are owed and telling consumers the truth.”

“Amazon, one of the world’s wealthiest companies, certainly does not need to take tips that belong to workers. Amazon can and should do better,” Racine added.

In 2015, the e-commerce giant launched its Amazon Flex service, which offers faster deliveries. The tech giant currently fills thousands of orders on a weekly basis for tens of thousands of customers in Washington DC.

When customers are checking out, they are encouraged to tip their delivery drivers. The company offers a default tip amount and assures consumers that 100 percent of the tip amount would go to the drivers.

But in 2016, Amazon changed its payment model so that a large portion of the tips did not go to the drivers, but instead went toward paying a portion of what the company had already promised to pay the driver, Racine said in his press release.

Meanwhile, the company continued to tell its customers that 100 percent of the tips went to the delivery drivers, despite the fact that the e-commerce giant was “secretly using these tips to subsidize its own labor costs and increase profits,” Racine added.

“As a result of its deceptive tactics, Amazon experienced significant cost savings. In the years Amazon had this policy in place, consumers in D.C. paid millions of dollars in tips to reward their delivery drivers for providing a valuable service.

Meanwhile, Amazon used much of those tips to save on its own operating costs, thereby deceiving both District consumers and Amazon Flex drivers.”

Last year, Amazon was ordered to pay $61.7 million to settle allegations by the FTC that the company failed to pay Flex delivery drivers the full amount of tips given to them by customers.

“Rather than passing along 100% of customers’ tips to drivers, as it had promised to do, Amazon used the money itself. Our action today returns to drivers the tens of millions of dollars in tips that Amazon misappropriated, and requires Amazon to get drivers’ permission before changing its treatment of tips in the future,” an FTC official said at the time.

Silicon Valley companies offering delivery services have used a similar scheme to stiff delivery drivers in the past.

You can follow Alana Mastrangelo on Facebook and Twitter at @ARmastrangelo, and on Instagram.


Sanctuary California should be a cautionary tale, not a goal

By Dale Wilcox

From the moment Joe Biden assumed the presidency, immigration has been at the top of his agenda.  One of his first acts was to sign a series of executive orders that reversed the Trump administration's policies on things like border wall funding, travel bans, and sanctuary laws.

While Trump's goal for immigration policy was clearly articulated in his "Make America Great Again" concept, we have heard little on where Biden intends to take us with his immigration plank.  Judging from his actions so far, though, the destination is clear.  He wants to make America into California, and that should deeply concern every U.S. citizen.

What anti-borders politicians have done to California over the last 30 years is a disgrace.  The home of Hollywood and Silicon Valley, once a beacon of opportunity and prosperity, is today a sinking ship.  Immigration policy is a significant factor in that decline.

Taking on a massive population of illegal aliens has come at a colossal cost to Californians, in terms of finances, safety, and job opportunities, to name a few.  State residents foot the bill for more than $23 billion that is directly attributable to illegal immigration and its effects.  That breaks down to almost $2,000 for every legally present household each year.  This from a state that is already carrying more than $1.3 trillion in total state, county, and municipal debt.  Who wouldn't want to pay a hefty tax each year to encourage more illegal aliens to move to your community?

The chief catalyst for California's illegal alien crisis has been its embrace of sanctuary laws.  By preventing local law enforcement from cooperating with federal immigration authorities in the deportation of criminal aliens, there are virtually no consequences for violating our nation's immigration laws inside the state of California.

While the Orwellian-named California Values Act (S.B. 54) made sanctuary policy state law, it seems downright moderate compared to what some cities and counties have done.  S.B. 54 at least allows cooperation with ICE in only the most extreme of circumstances.

The sanctuary law in Santa Clara, the largest county in northern California, takes an even more radical position, stating that the county "does not, under any circumstances, honor civil detainer requests from U.S. Immigration and Customs Enforcement (ICE) by holding inmates on ICE's behalf for additional time after they would otherwise be released from County custody."

Before sanctuary laws, it had long been a practice of local law enforcement to cooperate with detainer requests as a way to expedite criminal aliens toward deportation.

The results of this policy have been about as bad as you might expect.  In Santa Clara County last November, police arrested Fernando De Jesus Lopez-Garcia after he allegedly stabbed five people inside the Grace Baptist Church, killing two and leaving three others seriously injured.

One witness called 911 to say a "man was going crazy, stabbing people and there was blood everywhere."  He was arrested on two counts of murder, three counts of attempted murder, battery on a spouse, and violation of a protective order.

Lopez-Garcia is an illegal alien with an extensive criminal record who had successfully avoided ICE apprehension after each arrest because of local and state sanctuary laws barring cooperation with federal immigration authorities.

In 2019, police arrested Carlos Eduardo Arevalo Carranza, an illegal alien from El Salvador, for allegedly beating and stabbing Bambi Larson to death in her San Jose home.  Reports later disclosed that police had previously arrested Carranza ten times for drugs, kidnapping, battery against a police officer, and burglary.  ICE had requested an immigration hold on Carranza seven times, but the Santa Clara Sheriff's Office (SCSO) refused every request.  Facing criticism for the sanctuary policy, the county supervisors met and inexplicably voted 5-0 to double down on the policy.

My organization, the Immigration Reform Law Institute (IRLI), recently concluded an investigation into these practices in Santa Clara and found some disturbing results.

We submitted a records request with the Santa Clara County Sheriff's Office to discover just how many ICE detainers it has received in recent time and how many of them applied to aliens with serious criminal backgrounds.  That request revealed that ICE lodged a total of 1,757 detainers in just two years — 909 requests in 2019 and 848 in 2020.  The law enforcement records technician with the sheriff's office confirmed with IRLI that every single one of these requests was ignored.

The Sheriff's Office refused to disclose to IRLI how many of the detainer requests applied to aliens who were convicted or charged with serious or violent felony offenses.  When IRLI asked about the last year an ICE detainer request was honored by the county, a records technician there replied that he could not find records that showed the last time a detainer request was honored.

The results of these laws are clear.  The county has become a haven for illegal aliens, particularly those with criminal records.  The communities are demonstrably less safe, and the influx of new arrivals creates a heavy financial burden on legal state residents.  Is it any wonder that taxpayers are fleeing the state in droves?

As the Biden administration goes full speed with its anti-borders agenda, however, there will be no place for concerned Americans to flee.  California-style laws will soon become federal laws.  We're about to conduct a national experiment in anti-borders cause and effect.  Buckle up.

Dale L. Wilcox is executive director and general counsel at the Immigration Reform Law Institute, a public interest law firm working to defend the rights and interests of the American people from the negative effects of mass migration.


Poll Shows Media, Politicians Hide Migration Numbers from Americans

GUILLERMO ARIAS/AFP via Getty Images
GUILLERMO ARIAS/AFP via Getty Images
6:59

Public opposition to President Joe Biden’s lax border policies surges when voters discover the huge scale of the economic migration, according to polling data from a December survey by Harvard CAPS/Harris Poll.

The poll asked 1,851 registered voters:

Over 2.75 million came into the United States illegally over a twelve-month period ending September 2022, more than 1 million more immigrants the previous 12 month period. Given these numbers, should the administration continue its current policies or issue new, stricter policies to reduce the flow of people coming across the border?

In response, 81 percent of Republicans and 68 percent of swing-voting independents called for stricter policies.

Just one-third of all voters were content with current lax border policies once they learned the real numbers, according to the poll

A prior question showed just 56 percent of independents disapproved of Biden’s lax policies.

The problem and opportunity for Republicans is that the establishment media hides the scale of Biden’s migration, as well as the pocketbook impacts on American families. Establishment media outlets also refuse to sum up the annual inflow of legal and illegal migrants and instead prefer to treat illegal migration as a non-economic issue of civil rights or of law and order.

The poll also showed that the public — including Republicans — grossly underestimate the scale of migration.

In 2022, Biden’s deputies allowed almost two million southern migrants to enter the country alongside more than one million legal immigrants and visa workers. The total 2022 inflow of more than three million was close to the number of 3.6 million births in 2021.

But the Harvard/Harris poll showed that 67 percent of Republicans and 87 percent of Democrats thought the southern inflow in 2022 was less than a million people. In fact, a third of Republicans and a quarter of Democrats thought the inflow was less than 250,000.Poll Shows Media, Politicians Hide Migration Numbers from Americans

Harvard CAPS/Harris PollThe public’s misunderstanding is expected because many establishment media outlets hide the numbers, usually by saying that Biden is allowing only “thousands” of migrants to cross — not “hundreds of thousands” or “millions.”

For example, Politico.com reported in December that “Over the last month, thousands of migrants have crossed into the U.S. at the Texas border ahead of the expiration of Title 42.” But in late December, Bidens’ deputies quietly admitted that 230,740 migrants were registered crossing the border during November. Officials allowed 166,756 to stay and get jobs and homes in the United States.

In November, the New York Times reported that “in recent months, the United States had allowed thousands of Venezuelans to enter the country and ask for asylum.” But that language downplayed the huge number of Venezuelan migrants — even though the federal government shows that 85,000 Venezuelans entered during the prior five months.

“It certainly seems that the corporate media is largely on board with trying to obscure the extent of the problem,” said Robert Law, director of the Center of Homeland Security and Immigration at the America First Policy Institute:

We have a government and a lot of special interest groups go out of their way to obscure it, to hide what the real levels are by talking about the problem in the abstract. That just allows people to reach their own conclusions, and they tend to low-ball the numbers compared to reality ….

The [media] people who write [immigration] articles are well aware of the outrage that would actually happen if it was quantified properly.

However, both Republicans and Democrats also try to minimize the scale and impact of the migration.

Both parties rely heavily on donors who support the continued importation of more wage-cutting workers, revenue-boosting consumers, and rent0-spiking renters.

Migrants wait to cross the US-Mexico border from Ciudad JuĂ¡rez, Mexico, next to U.S. Border Patrol vehicles in El Paso, Texas, Wednesday, Dec. 14, 2022. (AP Photo/Christian Chavez)

Migrants wait to cross the US-Mexico border from Ciudad JuĂ¡rez, Mexico, next to U.S. Border Patrol vehicles in El Paso, Texas, Wednesday, Dec. 14, 2022. (AP Photo/Christian Chavez)

The GOP’s avoidance was spotlighted by a December 21 press conference where six Republican senators complained about the civic impact of illegal migration — but said nothing about the pocketbook damage to Americans.

“We’re going to continue to see terrorists come across our border, criminals come across our border, drugs come across our border, more Americans are going to die,” Sen. Rick Scott (R-FL) said at the event. “I’m from an immigration state — we like legal immigration,” he added.

Throughout 2021 and the 2022 election, nearly all Republican politicians declined to mention the pocketbook damage of migration, despite promising polling data.

Biden’s massive inflow of at least three million migrants is far above what Americans want.

An April 2021 poll by the pro-migration CATO Institute showed that almost half of Americans want just less than 100,000 migrants per year. Another 42 percent favored somewhere between 500,000 and one million migrants per year.

In fact, the current inflow is so great that 52 percent of independents, 72 percent of Republicans, and even 41 percent of Democrats say Biden is “creating an open border [not] just trying to enforce immigration laws more humanely.”

A poll in July showed that many Americans view Biden’s migration as an invasion. Breitbart News reported:

Almost half of Hispanics, blacks, and Asians believe President Joe Biden’s global invite has created an “invasion” of migrants, says a July poll by Ipsos.

The shocking result shows the breadth of public opposition in the poll, which also showed 54 percent of all Americans describe Biden’s migration as an “invasion.

The “invasion” view is mainstream: 58 percent of white Americans — and 40 percent of Democrats — say Biden’s global invite is an invasion, according to data released on August 19 by Ipsos.

The public thinks Biden’s inflow is also boosting drug smuggling, the Harvard Harris poll showed. Seventy-seven percent of Republicans and 60 percent of independents say that “the Biden border policies are increasing the flow of drugs and crime to the United States.”

The inflow has forced down Americans’ wages and boosted rents and housing prices. The influx has also pushed many native-born Americans out of careers in a wide variety of business sectors and has reduced native-born Americans’ clout in local and national elections.

The federal government’s supply of imported wage-cutting workers has also shifted job-creating investment away from heartland states and towards wealthy coastal states, such as Florida, California, New York, and Texas.

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