I did not know this until I saw it mentioned on X (formerly Twitter).  When a company hires J1 student temporary or season employees, they do not have to pay the 7.5% FICA or Social Security tax on the wages.

If a company hires a seasonal American student, they have to pay the 7.5%. If the company hires a foreign student, they don’t.  This creates a perverse incentive for private equity firms, companies or corporations to hire foreign seasonal workers.  This is true, I checked it out.

[SOURCE – and IRS SOURCE – and Alternate Source]

Apparently, this is now the common approach within the hospitality industry to save money and increase profit from payrolls. Unfortunately, this approach puts young Americans at a disadvantage when seeking summer or short-term seasonal employment.

For fiscal Year 2025: The U.S. State Department processed 506,142 applications and successfully issued 451,803 J-1 visas.

Now, obviously there may be some regions or areas where there are not enough young people to fill the jobs.  However, if you do the math that 7.5% employer contribution saved is a lot of incentive for the corporation to avoid hiring seasonal American workers.

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Treasury Secretary Scott Bessent gets it.  When asked about the Strait of Hormuz, Bessent notes that yes, things will likely never return to the way they were before; however, there is a distinction that must be applied.

Even if Iran completely acquiesced to all of the most stringent terms and conditions requested by President Trump, they will never again recapture the position they held with the Strait of Hormuz as a chokepoint.

Capital markets respond to risk in the medium and long term; risks are always mitigated.  With the Strait now identified as a strategic risk, the emphasis will be on forever neutralizing that risk and avoiding the issue in the future.  As a consequence, Iran’s strongest point of leverage is disappearing now and will continue to disappear.  WATCH (prompted):

As further explained by James Thorne on X: “By repeatedly signaling its willingness to disrupt the Strait of Hormuz, Tehran hasn’t strengthened its hand, it has accelerated the market’s exit. Capital does not tolerate chokepoints; it routes around them.

Saudi Arabia is expanding its East-West pipeline. The UAE has already built out Fujairah as a bypass. Iraq is revisiting overland export corridors. Every marginal dollar now flows toward redundancy, not reliance. What was once a geopolitical lever is being engineered into irrelevance. Bessent gets it: markets don’t absorb coercion; they arbitrage it away.

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Treasury Secretary Scott Bessent continues on two domestic financial approaches to block banking services for illegal aliens and simultaneously target use of the financial system by those engaged in fraud of the U.S. government.

Secretary Bessent has extended the Geographic Targeting Order (GTO) within Minnesota that covers two counties, Hennepin and Ramsey.

All financial transactions over a $3,000 limit are subject to increased reporting requirements and scrutiny from the U.S. treasury.  {citation}

The measure is intended to identify any person who attempts to transfer funds obtained by fraud who operate in the region to take advantage of HHS funding programs. “Treasury promised to follow the money, and that is exactly what we are doing,” said Secretary of the Treasury Scott Bessent. “We will continue to give law enforcement critical tools to trace criminal networks that siphon taxpayer dollars and move them overseas.  The Trump Administration will not allow criminals to profit from programs intended to help vulnerable Americans.”

Additionally, the Treasury Department has now concluded the 90-day assessment laid out in an executive order titled “Restoring Integrity to America’s Financial System,” on May 19 and directed the Treasury Department, Federal Reserve, Office of the Comptroller of the Currency, FDIC, National Credit Union Administration and Consumer Financial Protection Bureau to strengthen customer identification and due-diligence rules and to reassess how banks weigh credit risk for borrowers without work authorization. 

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President Trump gives remarks to an audience in Las Vegas, Nevada, as the administration continues promoting the success of the “no tax on tips” MAGAnomic policy.  WATCH:

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Senator John Curtis says, “Utah employers tell me time and again how difficult it’s become to find enough workers to meet growing demands.”  Where, “Utah employers” is more accurately described as the U.S. Chamber of Commerce.

As a consequence, Senator Curtis (Utah) and Senator Mark Kelly (AZ) are proposing that individual states should have the right to issue H1B visas and import foreign workers without the federal immigration program in control.  As the narrative is sold, there are no Utah Americans to fill the jobs available.  That’s their story and they’re sticking to it.

[X Source – Story Link]

On the bad news side, there is no issue that shows the disconnect between the American public and federal politicians at a greater disparity than the issue(s) surrounding immigration and the various work visa programs.  On the good news side, if you look at the comments toward ideas represented by Curtis you see about a 9/1 ratio against them.

Unfortunately, the DC politicians will not listen to the 90% against them, because they have unlimited power and affluence as delivered by multinational corporations and lobbyists like the U.S. Chamber of Commerce (US CoC); the modern inverted Fascism.

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What we can take away from the Institute for Supply Management (ISM) index on manufacturing [Data Here]: overall, the U.S. manufacturing sector is continuing to expand significantly.  The current index of 55.6 percent in July is 2.3 percentage points above the June figure and the highest reading since May 2022 (55.9 percent), when we were trying to recover from the COVID-19 shutdowns and supply chain problems.

PMI – The overall economy continued in expansion for the 21st month in a row. (A Manufacturing PMI^® above 47.5 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index expanded for the seventh consecutive month after four straight readings in contraction, registering 56.7 percent, up 0.7 percentage point compared to June’s figure of 56 percent.

The July reading of the Production Index (58.5 percent) is 6.3 percentage points higher than the 52.2 percent recorded in June and the highest figure since November 2021 (60.5 percent). The Prices Index remained in expansion (or ‘increasing’ territory), registering 71.1 percent, a 1.9-percentage point decrease from June’s reading of 73 percent. The Backlog of Orders Index registered 55 percent, up 4.5 percentage points compared to the 50.5 percent recorded in June.

The Employment Index reading of 52.8 percent is up 3.1 percentage points from June’s figure of 49.7 percent, putting the index in expansion territory for the first time in 33 months.” (source)

All that data and a couple of bucks will buy you a cup of coffee, but here’s what it means in common speak.

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Several people sent me this video with comments about DHS Secretary Markwayne Mullin appearing to be hesitant on deporting illegal aliens.  I watched ready to chew (in typeset) his head off.  However, I don’t see that amnesty aspect as part of his commentary.

On the illegal alien workers, I structurally disagree with every single person who have used that argument for the past 20 years.  We do not need illegal alien workers, not even in the agricultural sector.  The illegal farm worker argument is a ruse, created by Big Ag, and promoted by smaller Ag to protect their bottom line and themselves from criticism.

Remove all illegal alien farm workers, deport them.  Big Ag will handle it the same way Big Tobacco did and Big Cotton did before them.  A combination of higher wages, extended farm worker visas and technology will bridge the gap.  We do not need illegal alien workers in any sector; the issue drives illegal trafficking and underground criminal activity.  Deport all illegal aliens.

We need 1 million+ deportations every month.  Cut illegal aliens off from every subsidy program, enforce employment law with jail time for corporate executives, remove banking activity and block transfer remittances without legal and verified ID.

Deport all illegal aliens, cancel all H1B visas and watch Generation Z thrive and afford homes etc. Deport all illegal aliens.

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Promethean Action PAC puts together another video drawing attention to the connection between pressure on both Hezbollah (Lebanon) and Hamas (Gaza) that is forcing the terrorist networks within both conflict zones to suddenly discuss disarming and a pathway to peace.

Kokinda notes Secretary Bessent’s sanctions and money intercepts against all of the various Iranian financial systems are creating problems for the networks they support.  That is leading to unexpected pressure on the terror networks.

“From Camp David, President Trump framed a reported Hamas disarmament agreement as a breakthrough enabled by pressure on Iran, arguing the regional strategic terrain has shifted. The episode highlights two developments presented as unprecedented: Hamas agreeing to disarm and Israel and Lebanon resuming talks after three decades, both attributed to cutting off Iranian funding for proxies like Hamas and Hezbollah.

Kokinda claims the decisive “weapon” was Treasury action under Secretary Scott Bessent—sanctions, OFAC tools, anti–money laundering measures—described as “economic fury,” including designating over 1,000 Iranian-linked individuals, ships, and companies and disrupting routes through shipping, insurance, and offshore finance. The script also points to the February 19, 2026 launch of the multinational “Board of Peace,” tasked with rebuilding Gaza, as a preplanned institutional blueprint that helped secure the Hamas agreement.”

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During an episode of Day Break, Steve Gruber holds an extensive interview with President Trump for a wide-ranging conversation on election integrity, American manufacturing, national security, faith, energy, and the future of the nation.

In this interview, President Trump discusses:

• -The fight to secure America’s elections and the push for voter ID
• -Restoring confidence in the electoral process
• -The rise of socialist and DSA-backed candidates and what it could mean for America’s future
• -Bringing manufacturing jobs back to the United States
• -His recent visit to Michigan’s GM Proving Ground and the resurgence of American industry
• -Strengthening domestic supply chains through rare earth production and projects like REAlloy
• -Making America the world’s leading energy producer
• -Anthony Fauci’s refusal to answer questions before Congress
• -The creation of the U.S. Space Force and plans for the Golden Dome missile defense system
• -National security challenges facing the Western Hemisphere
• -Faith in America, the White House Faith Office, and protecting religious liberty

The conversation also explores why President Trump’s message continues to resonate with working families, blue-collar communities, and voters across Michigan and what many call “Forgotten America.”

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Comrade citizens, following the successful targeting and assassination of an insurance company executive, the newly installed Komisar of New York City has published the names and addresses of affluent New Yorkers for wealth targeting and taxation.  However, many of the activist citizens who advocated for Mamdani are not terribly pleased to find their personal information published by the new Democrat Socialist city leadership.

Affluent podcaster Scott Galloway, an advocate for the targeting approach, is flummoxed to discover his name, address and identifying information has been uploaded by the city to the ‘too wealthy’ target list. [First two minutes]

Fear not Comrade Galloway, all good citizens of the New York DSA will happily pay the necessary pied-à-terre tax. It even sounds collectively fabulous.  There is no reason to worry about being on a list of 950,000 wealthy citizens who have too much.  After all, sharing is caring.

NEW YORK – Mayor Zohran Mamdani’s administration has published a searchable database of Big Apple properties that could fall under the state’s new pied-à-terre tax, effectively doxxing thousands of wealthy New Yorkers.

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