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Millions Of Legal Immigrants Are About to Lose Access To Government Loans for Small Businesses
Investopedia· 2026-02-04 01:02
Core Insights - The Small Business Administration (SBA) is implementing a policy that prohibits lending to any business with non-citizen ownership starting March 1, 2025, which will exclude over 5 million business owners from federal loans [2][3][9] Policy Changes - The new policy reduces the previous allowance of 5% foreign ownership to zero, affecting lawful permanent residents who were previously eligible if they owned at least 51% of the business [3][9] - This change aligns with an executive order from President Trump aimed at restricting government funding and services to legal immigrants [6] Economic Impact - The SBA's decision could hinder funding access for many small businesses, potentially damaging the economy according to critics [5][9] - In 2023, non-citizens represented 15.9% of all non-employer businesses in the U.S., indicating a significant impact on the small business landscape [4] Criticism and Response - Critics argue that the policy unfairly targets law-abiding immigrants and businesses with partial immigrant ownership, suggesting it is detrimental to economic growth [7][9] - A group of Democratic lawmakers has expressed concerns that the administration's approach is based on discrimination rather than the financial viability of small businesses [8]
‘This is what Republicans get’: TX Dem DEFEATS Trump backed candidate in State Senate Runoff
MSNBC· 2026-02-01 13:20
Today, could it be a preview of the midterms. A major upset in Texas as a Democrat wins a special state Senate election by double digits in a district Trump won by a landslide. Then two major court decisions in the Minnesota ice cracked out, including a scathing ruling ordering five-year-old Liam Ramos and his father to be freed from ice detention.Minnesota Attorney General Keith ellison will join us and it was the week america moved closer to autocracy with journalists arrested a lost election relitigated ...
X @Nick Szabo
Nick Szabo· 2026-01-31 03:48
RT Breanna Morello (@BreannaMorello)🚨DHS SHOCKING STATS🚨New York Democrats’ refusal to honor ICE detainers has led to the release of 6,947 illegal aliens with criminal records.Their offenses include 29 homicides, 2,509 assaults, 199 burglaries, 305 robberies, 392 serious drug offenses, 300 weapons violations, and 207 sexual predatory crimes.In addition, 7,113 illegal aliens are currently in the custody of New York jurisdictions despite having active ICE detainers.The crimes associated with this group includ ...
What it takes for CEOs to challenge President Trump
CNBC Television· 2026-01-29 21:00
In the wake of violent confrontations between federal agents and protesters over President Donald Trump's immigration policy, corporate leaders are now starting to do something they've rarely done in the first year of Trump 2.0%. Disagree with the president. >> I think they should change their post immigration.I've said it. >> JP Morgan CEO Jaime Diamond publicly criticized Trump's immigration policy, making apparent reference to videos of confrontations between ICE agents and their targets. Of course, I do ...
Marc Elias predicts a GOP reckoning in 2026 over Trump's Minnesota rhetoric
MSNBC· 2026-01-28 02:16
on what Donald Trump just said. I, uh, what, WHAT IS WRONG WITH THAT MAN, I MEAN, SERIOUSLY, MAKING THIS ABOUT HIM ALWAYS SAYING NOW MORE AND MORE BIZARRE THINGS, THIS IS NOT A WELL I MEAN, I CANNOT BELIEVE THAT I THINK HE'S A PERSON WHO SHOULD BE THE PRESIDENT OF THE UNITED STATES AND IT IS SICK THE WAY HE REACTS TO TRAGEDIES AND HE'S I DON'T THINK IT'S GOING TO BE CALLED OUT EVERY SINGLE TIME. I MEAN, I JUST, I CANNOT BELIEVE THAT THIS IS THE PERSON RUNNING OUR COUNTRY RIGHT NOW.BUT ON TO YOUR QUESTION. I ...
X @The Economist
The Economist· 2026-01-27 21:11
A partial government shutdown over the president’s immigration campaign looks likely https://t.co/Nr43sCTsvK ...
Meet the Press NOW — January 26
NBC News· 2026-01-26 23:02
NOBLES IN WASHINGTON. AND WE BEGIN WITH BREAKING NEWS IN THE INVESTIGATION INTO THE DEADLY SHOOTING ON SATURDAY BY A FEDERAL BORDER PATROL OFFICER IN MINNEAPOLIS. THE DEPARTMENT OF HOMELAND SECURITY, CONFIRMING EXCLUSIVELY TO NBC NEWS THAT THERE IS BODY CAMERA FOOTAGE OF THE DEADLY SHOOTING OF ALEX PRET, AN ICU NURSE FOR THE VA WHO WAS SHOT AND KILLED BY FEDERAL AUTHORITIES DURING A SKIRMISH AMID THE PROTESTS.DHS OFFICIALS SAY THERE ARE MULTIPLE ANGLES OF THE KILLING CAPTURED ON THOSE BODY CAMERAS, AND THAT ...
Jan. 25 — Deputy AG Todd Blanche, Sen. Amy Klobuchar and Sen. Adam Schiff
NBC News· 2026-01-25 19:14
>>> THIS SUNDAY, BREAKING POINT. PROTESTS ERUPT AFTER ANOTHER FATAL SHOOTING BY FEDERAL AGENTS IN MINNEAPOLIS. >> HOW MANY MORE AMERICANS NEED TO DIE OR GET BADLY HURT FOR THIS OPERATION TO END.>> WE WANT CALM AND PEACE AND NORMALCY BACK TO OUR LIVES AND THEY WANT CHAOS. >> THIS LOOKS LIKE A SITUATION WHERE AN INDIVIDUAL WANTED TO DO MAXIMUM DAMAGE AND MASSACRE LAW ENFORCEMENT. >> THE TRUMP ADMINISTRATION ADMITS I.C. E. HAS MADE MISTAKE, BUT STANDS BY THE ENFORCEMENT STRATEGY AS PUBLIC OUTRAGE INTENSIFIES.> ...
Trump’s $100,000 H-1B visa application fee upheld by judge
Fortune· 2025-12-24 16:22
Core Viewpoint - The Trump administration's implementation of a $100,000 fee on new H-1B visa applications has been upheld by a federal judge, posing challenges for US technology companies that depend on skilled foreign labor [1][2][3] Impact on Technology Companies - The ruling supports the administration's efforts to limit immigration and prioritize US workers, which could significantly affect technology firms that rely heavily on H-1B visas for hiring [2][4] - Major tech companies like Amazon, Microsoft, and Apple are among those that utilize a large number of H-1B visas, and the increased fee may alter their hiring strategies [11][12] - The high cost of the new fee is expected to deter hiring for less specialized roles, leading companies to focus on domestic talent rather than seeking global candidates [12][13] Legal Challenges and Responses - The US Chamber of Commerce plans to appeal the ruling, arguing that the fee is unlawful and exceeds the authority granted by Congress [4][5] - A coalition of 19 state attorneys general is also contesting the fee, emphasizing its potential negative impact on public sectors like healthcare and education [5][6] - Other lawsuits are pending, which may still block the fee, indicating ongoing legal uncertainty surrounding the H-1B visa program [6][7] Economic Implications - The administration anticipates that the fee could generate significant revenue for the US Treasury, potentially exceeding $100 billion, but experts warn that such a fee could disrupt the economy [9][10] - The shift in visa application processes, including the move from a lottery system to a weighted selection, aims to encourage employers to hire higher-paid foreign workers, which may further complicate hiring practices [10][12] Global Impact - The changes to the H-1B visa program are particularly detrimental to Indian IT companies, which have historically benefited the most from the program, as they will face increased costs and uncertainty [16]
Trump's $100,000 H1B Visa Fee Sparks Shareholder Revolt As Amazon, Google Pressed On Long-Term Impact Of ICE Activity
Yahoo Finance· 2025-12-19 22:31
Core Viewpoint - A union-backed investment group is urging Amazon, Alphabet, and Walmart to disclose the potential impacts of new immigration policies under President Trump on their operations and long-term value [1][2]. Group 1: Immigration Policy Concerns - The SOC Investment Group has raised concerns regarding Trump's proposed $100,000 fee on new H-1B visa approvals and its implications for workforce disruptions [2]. - The companies targeted are significant employers of H-1B workers in the U.S., making them particularly vulnerable to immigration policy changes [3]. Group 2: Impact on Operations - SOC's executive director emphasized that the availability of skilled labor is crucial for a company's long-term performance, and failure to hire the right talent could diminish value [3]. - The group has requested Amazon and Walmart to disclose how immigration enforcement actions, such as farm raids, are affecting their logistics and supply chain operations [4]. Group 3: Shareholder Influence - Although SOC holds less than 1% in each company, it, along with allied funds, owns tens of millions of shares across Amazon, Alphabet, and Walmart [4]. - SOC has urged these companies to include its resolutions in their upcoming proxy statements, indicating that legal action may be considered if they do not comply [5]. Group 4: Regulatory Environment - This initiative comes in the context of President Trump's executive order aimed at regulating proxy advisors, which could affect how shareholder votes are influenced [6].