Timing & trends
This is where Canada’s “Waterloo” conducts a silent coup against Silicon Valley, thanks to the use of immigration as a political punching bag in the United States, and yet another move against foreignw workers by the Trump administration.
The American tech industry is already reeling from the effects of a lack of homegrown talent at a time when the United States is ostensibly in war for technological dominance–the only kind of dominance that matters right now.
On Monday, President Trump signed an executive order to suspend several temporary work visas for skilled workers, managers and au pairs through the end of the year, proclaiming: “Under the extraordinary economic contraction from the Covid-19 outbreak, certain nonimmigrant visa programs pose an unusual threat to the employment of American workers.”
This move follows a similar one In May, when Trump issued a temporary halt on new green cards, which was set to expire Monday but stopped short of suspending guest worker programs amid concerns from the business community.
Faced with protests, COVID crisis, slow economic recovery, plunging approval ratings and criticism of his overall handling of the pandemic, Trump is turning to his tried and true method of reanimating his support base–attacking immigration.
According to the White House officials, the goal of the move is to protect 525,000 jobs and is part of its response to job losses caused by the coronavirus pandemic…CLICK for complete article


Any time the world is thrown off balance by a major, sustained event or incident, it’s an opportunity for some of our most creative minds for a burst of new and refined criminal activity. The global pandemic presents an atmosphere ripe for criminal creativity, and the United States is now drowning in new colorful types of fraud.
According to the Federal Bureau of Investigation (FBI), as of May 28th, its Internet Crime Complaint Center (IC3) received as many complaints in the first five months of this year as it did for all 12 months of 2019.
Three-quarters of those complaints are frauds and swindles, and the “sheer volume” is “a challenge” for the FBI.
From the sale of counterfeit personal protective equipment (PPE) claiming to ward off coronavirus and fake cures to fraudulent unemployment insurance claims, stimulus check scams and even plots to take advantage of children engaging in online schooling, the vultures have come out of the pandemic woodwork in full force.
Real estate scams are just one target–but of the high-dollar variety.
With the real estate industry in lockdown for months, many elements of the closing process that were normally required to be done in person for security reasons were accomplished digitally, opening up magnificent opportunities for IT-savvy criminals to hijack emails between agents, title agencies and buyers, convincing buyers to send their down payments to wrong parties. CLICK for complete article

Is it 1999 or 2007? Retail investors flood the market as speculation grows rampant with a palpable exuberance and belief of no downside risk. What could go wrong?
As Barron’s recently noted:
“Free trading app Robinhood has added more than three million retail accounts in 2020, and now has over 13 million. The median age of its retail customer is 31. The Covid-19 lockdowns and the plunge in markets in March persuaded millions of new investors to open accounts. Some of the action appears to be from people who would otherwise be gambling or betting on sports—both of which were shut down.”

Commodity markets, with a few exceptions, remain in reasonably good health as we approach the end of what so far has been a very volatile and at times troubling first-half, driven by the worst pandemic-related slump in global growth since WW2. Crude oil found its footing to move higher, gold increasingly looks ready to test resistance while some soft commodities are still waiting for post-pandemic demand to return.
