We know what’s coming and we are prepared.
IT outsourcing firm Cognizant has received 52k H1B visas since 2009, more than any other American company. Almost all went to Indians. In October a federal jury ruled the company had intentionally discriminated against more than 2,000 non-Indian employees employed from 2013-22.
American employees were replaced by cheaper Indian H1Bs more willing to relocate. Labor costs drove hiring, not skills. Fewer than 20 percent of H1Bs Cognizant sponsored since 2020 hold a masters degree or higher. IT companies use the visas to fill lower level roles.
In 2015 Cognizant executives panicked when a bill in Congress aimed to prevent companies with more than 50% of its workforce on H1B visas from receiving more. The former head of US recruitment at Cognizant says “the entire business model is built off cheap Indian labor.”
A former executive alleges that he was asked to sign hundreds of official H1B applications for assignments under him that did not exist. He claims he was fired after filing an internal complaint alleging discrimination against non-South Indian employees.
Insiders allege Cognizant keeps a reserve of H1B workers abroad and gives them preferred assignments in the US. Corporate prefers transferring workers from India to hiring an Americans. American workers train them and are terminated shortly thereafter.
In the past five years, the five largest IT outsourcing companies have all settled, lost, or are currently fighting similar discrimination lawsuits. Plaintiffs stand to win hundreds of millions of dollars. These are the “skilled workers” companies sponsor under the H1B program.
📎 Rubirosa
NEW - Irish government runs an advert discouraging grandparents from hugging their grandchildren without consent.
@disclosetv
🇺🇸 Teenagers are now facing charges after doing a ding-dong ditch prank with a twist. They showed up in masks, wearing tactical gear and a rifle, or what looks like a rifle.
Two #Delaware teenagers, aged 16 and 17, faced charges after knocking on doors in New Castle while wearing tactical-style vests and carrying what appeared to be a rifle, police said.
This could’ve ended so badly..
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🌆 Market News Digest
[Oct 21, 2026, 06:00–16:30 EST]
🔥 Top Stories
• Gulf tensions spike as U.S. orders Saudi embassy departures — Houthi drone attacks on Aramco/Shaybah, Iranian rhetoric, and evacuation alerts lifted oil-sensitive geopolitical risk
• Meta beats on revenue, unveils nonvoting stock plan — Q3 sales topped estimates, but a $9.9B legal charge crushed operating income as capex/AI spending stays huge
• OpenAI deepens Google Cloud partnership — Frontier models and Codex go onto Google Cloud Marketplace, a notable distribution win for Google and OpenAI
⛽ Oil & Energy
• Saudi Aramco/Shaybah attacked, but operations intact — air defenses intercepted a drone; no operational impact, yet the event kept crude elevated
• EIA crude stocks fall 3.06M barrels; gasoline drops 2.95M — bigger-than-expected draw, while diesel/distillate built
• WTI settles at $97.15; Brent at $108.82 — oil eased late despite supply fears; Kuwait says exports are at prewar levels
📊 Markets & Macro...
🌆 Market News Digest
[Oct 20, 2026 EST]
🔥 Top Stories
• US–Iran tensions swing markets — Hormuz tanker fire, Israel warns of renewed strikes, Rubio says talks are hard; oil stayed volatile even as Brent eased below $109
• Anthropic’s massive AI spend shock — WSJ says it may spend >$600B on compute, with huge cloud/Nvidia commitments and >$80B H1 loss
• Trump on Ukraine, Iran and trade — says Ukraine must make a deal, India trade is “pretty close,” and he’s weighing Iran action
⛽ Oil & Energy
• Hormuz tanker fire / mine incident — IRGC says a supertanker carrying >2M barrels caught fire after hitting a mine
• Europe gas >€90 — benchmark tops 2022 levels on supply fears; US diesel prices remain elevated
• NATO and EU security push — NATO adds Black Sea assets; EU doubles down on Arctic security and keeping fossil fuels in the ground
📊 Markets & Macro
• US housing weakens further — starts fell 5.2% and pending sales dropped 7.3% to a record low, pressuring ...
