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08.10.26 - 18:26
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Trump Admin Cracks Down On Foreign Worker Fraud: Bans MSFT From H1-B Program, Probes 9 Colleges Over J-1 Visas, Hikes Costs For Students (ZeroHedge)
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Trump Admin Cracks Down On Foreign Worker Fraud: Bans MSFT From H1-B Program, Probes 9 Colleges Over J-1 Visas, Hikes Costs For Students
In the last 24 hours, the Trump administration has announced three major efforts to crack down on foreign worker/student visa fraud.
First, US Vice President JD Vance said on Thursday that the federal government is suspending tech giant Microsoft from a program to apply for green cards for workers who come to the U.S. to live and work using an H-1B visa as it accuses the company of fraud.
“If you do the math, for every worker that Microsoft laid off, they replaced that worker with one and a half foreign indentured servants,” said Vice President JD Vance in a White House news conference announcing the decision.
Secretary of Labor Keith Sonderling added that some of the largest IT firms in the world would also be suspended from that program, including Cognizant, Infosys, Tata, Wipro, HCO and Capgemini, as well as Adobe.
Mic...
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07.10.26 - 14:06
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Zelestra Passes $1 Billion in 2026 US Project Financing with $350 Million Close for 203 MW Reclamation Solar Project Backed by Meta (Business Wire)
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$350 million in green project financing credit facilities secured with CIBC, BBVA and Societe Generale for the 203 MW Reclamation solar project in Gibson County, Indiana.
The close takes Zelestra past $1 billion in US project financing in 2026, supporting more than 800 MW of new solar.
Reclamation is built on former coal mining land, is backed by a long-term PPA with Meta, and is expected to be online by the end of 2027.
ARLINGTON, Va.--(BUSINESS WIRE)--Zelestra, a global, multi-technology, customer-focused renewable energy company, has closed $350 million in green financing credit facilities for the 203 MW Reclamation Solar project in Gibson County, Indiana. The close takes Zelestra past $1 billion ($1.14bn) in project financing raised in the US in 2026, which is putting more than 800 MW of new solar into construction for its customers across the country.
The credit facilities were provided by Canadian Imperial Bank of Commerce (CIBC), BBVA and Societe Generale. Reclamation is underpinned by a long-term ...
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