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Palmer Luckey on H-1B visas:
"You would not believe what I saw in Silicon Valley. The H-1B abuse is insane. It is obviously a scam to replace US workers with, basically, slave labor that can’t ever escape."
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"You would not believe what I saw in Silicon Valley. The H-1B abuse is insane. It is obviously a scam to replace US workers with, basically, slave labor that can’t ever escape."
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
💯12
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“Almost 500,000 Indians will be wiped out just from what was announced in the past 72 hours. It also dissuades hundreds of thousands of more Indians from even attempting to file petitions, knowing the US will gladly take the money for the apps and then deny them.”
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🥰10⚡2
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98 people have been confirmed dead after catastrophic flash floods crashed through the China-Nepal border.
- 47 Americans missing (NYP)
- 391 tourists missing.
- Flood may have been caused by a massive chunk of ice snapping off a glacier.
- "A chunk of ice with a width of about 2,000 feet snapped cleanly off the glacier... the chunk of ice fell from an altitude of around 17,000 feet, dropping almost 4,000 feet," the New York Times reported.
- 19 motorable bridges have been destroyed.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
- 47 Americans missing (NYP)
- 391 tourists missing.
- Flood may have been caused by a massive chunk of ice snapping off a glacier.
- "A chunk of ice with a width of about 2,000 feet snapped cleanly off the glacier... the chunk of ice fell from an altitude of around 17,000 feet, dropping almost 4,000 feet," the New York Times reported.
- 19 motorable bridges have been destroyed.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
😢3🫡2🥰1
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YCombinator leadership shows no reservation for race based provincialism… as long as it is not native born Americans
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🤬5
MICROSOFT EMPLOYEES LEAKED THEIR AI SPEND
An internal comp spreadsheet now has a column for “AI $ usage per month.”
Median: $300 a month.
Top entry: $28,000.
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An internal comp spreadsheet now has a column for “AI $ usage per month.”
Median: $300 a month.
Top entry: $28,000.
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👀1
BREAKING: U.S. new home sales crashed 10.5% in July, falling to the lowest level since January.
The median new home price also dropped to $393,800, its lowest level in 4 years.
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The median new home price also dropped to $393,800, its lowest level in 4 years.
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🔥4🙏1
US housing demand has collapsed.
US new home sales fell -10.5% MoM in July, to 607,000 units, the lowest in 6 months and far worse than the -1.4% decline expected.
Excluding January 2026, this is the lowest level since November 2022.
New home sales have now fallen in 3 of the last 4 months and are down -6.3% YoY.
The Midwest was hit hardest, with sales plunging -42.7% MoM, to 43,000, the lowest level since 2012.
At the same time, sales in the South, the nation's biggest homebuying region, accounting for more than 60% of the total, fell -13.0% to 383,000, the 2nd-lowest level since January.
This comes as the 30Y mortgage rate hit 6.81%, its highest since August 2025, weighing on homebuyer demand.
The housing market is historically unaffordable right now.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
US new home sales fell -10.5% MoM in July, to 607,000 units, the lowest in 6 months and far worse than the -1.4% decline expected.
Excluding January 2026, this is the lowest level since November 2022.
New home sales have now fallen in 3 of the last 4 months and are down -6.3% YoY.
The Midwest was hit hardest, with sales plunging -42.7% MoM, to 43,000, the lowest level since 2012.
At the same time, sales in the South, the nation's biggest homebuying region, accounting for more than 60% of the total, fell -13.0% to 383,000, the 2nd-lowest level since January.
This comes as the 30Y mortgage rate hit 6.81%, its highest since August 2025, weighing on homebuyer demand.
The housing market is historically unaffordable right now.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
5Y high yield 4.393%, WI 4.391%, tail 0.2bps.
Another subpar 5Y auction, this is the 15th auction in a row that failed to Stop Through
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Another subpar 5Y auction, this is the 15th auction in a row that failed to Stop Through
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