As Trump plan threatens ski resort tourism, industry mobilizes to protect visa worker program

The nation’s ski industry is mobilizing in a unified and sweeping effort to thwart potential cuts to a cultural visa program that allows young foreign students to work temporarily in the U.S. Ski resorts have become reliant on J-1 Summer Work Travel visa workers in the past five years, weaning from the heavily regulated H-2B visa program that once stocked resorts with young workers from the Southern Hemisphere. Recent reports that the White House is considering slashing or even eliminating the J-1 visa program as part of President Donald Trump’s “Buy American, Hire American” executive order, could have sweeping impacts on the American resort industry. “It would be worse than… Read More

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The HTC acquisition is Google’s sixth largest deal (GOOG, GOOGL)

Google announced on Wednesday night that it would acquire a team of engineers from Taiwanese smartphone company HTC for $1.1 billion. Many of the engineers were already working in partnership with Google on the company’s Pixel phone, and the move suggests Google is doubling down on its hardware business. Over the years, Google has made a series of strategic acquisitions, and as you can see in this chart from Statista, many of the deals were much larger. The 2011 Motorola acquisition is the largest by far at $12.5 billion. Google ended up selling Motorola a few years later, concluding that the company’s patents were the only thing worth holding on… Read More

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‘There is a high cost to a bad reputation,’ Uber’s CEO warns employees after being banned in London

It’s only been a few weeks since Uber’s new CEO Dara Khosrowshahi started on the job, and he’s already stepped into snake pit full of problems. In an email to the troops on Friday, he took the mea-culpa approach for the first big crises to hit the ride-hailing company since he took the reins: getting banned from London. London’s transportation regulator on Friday said it would not renew Uber’s license to operate in the city, citing a a long list of bad behavior and shortcomings with its practices. Uber has responded by saying it believes those reasons are basically bogus. But in an email to the troops on Friday, Khosrowshahi… Read More

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Charles Gasparino: The middle class doesn’t pay a lot of tax, so we should cut taxes for the rich

CHARLES GASPARINO: Here’s what I would say. What Kevin Brady said there is absolutely right. If you look at any statistical study of who pays the most taxes, even if you take state, local, everything together, probably the top 20 percent of all taxpayers, the richest top 20 percent pays 50 percent of all taxes. As you know the top 10 percent of on income tax pays the vast majority of taxes. So if you really want to stimulate the economy, you gotta give people that make money a tax cut because they spend the most or they save the most meaning they invest the most after you give them… Read More

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