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Submission + - Trump administration suspends Microsoft from PERM program for H-1B employees (cnn.com)

Submitted by Anonymous Coward
An anonymous reader writes: The Trump administration has suspended Microsoft, Adobe, and a number IT outsourcing companies (Cognizant, Infosys, Tata, Wipro, HCL, and Capgemini) from seeking permanent residency for foreign workers hired under the H-1B visa program, accusing them of taking advantage of the process so that they could replace American citizens with cheaper labor from abroad.
Vice President JD Vance said Thursday that the tech giant is one of a handful of companies to be barred indefinitely from the Labor Department’s PERM program following an investigation spearheaded by the anti-fraud task force that he chairs.
Microsoft responded by claiming '80% of their applications were to extend or change the status of existing employees, and not new arrivals'

Comment Re:That's not how it's supposed to work. (Score 2) 99

You know, you make good arguments, except they're irrelevant to this case.
The police used the DNA markers found from testing the blood left in knife sheath and found a strong connection to the defendant's father using those databases.
Once the connection was established, they did a cheek swab test and the DNA found on the knife sheath on the crime scene was confirmed to be his.

I'd say that was pretty good detective work, and anything but circumstantial.

Comment Re:For profit electric rates (Score 3, Interesting) 72

by Swift Kick (#65054299) Attached to: California Grid Ran On 100% Renewables For a Record 98 Days

Interestingly enough, you glossed over the graph lower in the page, in the section titled Size Matters.

PG&E delivers 78 million MWh annually to over 16 million people across 70,000 square miles. The scale of public power operations is much smaller. For example, Silicon Valley power (City of Santa Clara in the graphs) delivers 4.4 million MWh to approximately 60,000 customers across a more densely populated 18 square miles.

They list the miles of transmission and distribution lines running through High Fire Threat District (HFTD) areas as compared to the other power providers.
The investor-owned utilities dwarf the public-owned utility companies, because they have vastly larger infrastructure (and costs) to serve far more customers along significantly larger areas.

Looking at the Net Income for PG&E, they made $2.242 billion in 2023, or roughly $140/person/year in the entire market they serve.
Since PG&E's rates have to be approved by the California Public Utilities Commission, who is made up of 5 commissioners appointed by CA Governor Gavin Newsom, well... they're getting what they voted for.

Comment This is concerning (Score 4, Insightful) 118

. "Considering IBM's gross profit for [fiscal 2022] was $32.863 billion, this certainly wasn't a make-or-break decision for IBM's profitability," said Kadan Stadelmann, chief technology officer at Komodo, developer of a cryptocurrency and blockchain platform.

CTO of a crypto company, but doesn't seem to understand the difference between gross profit (~$33billion) and net income ($1.8billion)....

I guess this is a clue explaining what's wrong with the crypto industry...

Comment Re:Better or worse (Score 2) 209

by Swift Kick (#58825464) Attached to: Two-Thirds of American Employees Regret Their College Degrees

The increasing cost of education cannot possibly be caused by increased government subsidies. Thirty or forty years ago, government paid somewhere around 70â"80% of the cost of college at public institutions. Now, government pays more like 20â"30%. Increases to government funding have not even remotely kept up with the increases in the cost of education.

Approximately forty years ago, roughly 50% of HS graduates would enroll in college upon graduation. In 2015, this climbed to 70% (source.

And although the pressure for everyone to get a college degree does mean that those dollars are spread across more students, over the past two decades, the percentage of high school students going on to college has only gone up from 65% to 69%. So this also cannot explain the skyrocketing costs.

Yes, the percentages are relatively small, but the actual numbers tell a different story. The number of HS graduates enrolling in college went from ~14 million in 1995, to ~20million in 2015. That's a 25% increase in enrollment in the span of 20 years (source, and nearly 5 million additional students potentially looking for a loan.

Government can't afford to pay for everyone, but what they can do is offload this cost to 'outside vendors' which provide high-risk loans (which is what they really are), in exchange for Uncle Sam's guarantee that come hell or high water, they'll get their money back. When you're a business selling degrees, and you're guaranteed not to take a loss, you're a fool not to jack up your prices as demand increases, specially when you have a poorly-informed customer.

Comment Did anyone actually read the linked article? (Score 1) 287

The article says these accounts never actually posted misinformation:

Another twist: These accounts apparently never spread misinformation. In fact, they posted real local news, serving as sleeper accounts building trust and readership for some future, unforeseen effort.

It's strange that Tim Mak opens the article with this:

Russia's information attack against the United States during the 2016 election cycle sought to take advantage of the greater trust that Americans tend to place in local news..

You can't have it both ways. Either the Russians did, or didn't, and the article itself says they actually didn't, an dthat it's likely they were playing the long game, waiting for the right time.
However, the last presidential election doesn't look like it was what they were aiming to derail.
Businesses

Broadcom Explores Buying Qualcomm (bloomberg.com) 69

Posted by BeauHD from the merge-and-conquer dept.
phalse phace writes: Bloomberg news is reporting that Broadcom may be planning to make an offer to buy Qualcomm. From the report: "Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker. Broadcom is speaking to advisers about the potential deal, said the people, who asked not to be identified because talks are private. The offer of about $70 a share would include cash and stock and is likely to be made in the coming days, the people said." If the deal goes through, Broadcom would become "the world's third largest chipmaker behind Intel Corp. and Samsung Electronics Co. and give it a huge swath of the supply chain of vital phone components such as Wi-Fi and cellular modem chips. The two companies are already among the top ten providers of chips ranked by revenue in an industry that's consolidating rapidly."

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