Mar 12, 2018

Not everyone in tech agrees about immigration

Photo: Kia Kokalitcheva / Axios

Consumer Technology Association chief Gary Shapiro said that the Trump Administration is going “in the right direction” when it comes to immigration, during a panel discussion at the South by Southwest festival in Austin.

Why it matters: Trump immigration have not been well received by many in tech, which features large numbers of foreign-born tech employees and entrepreneurs. But Shapiro's comments show there is not unanimity.

Bottom line: “Who do we want here?” is the central question when it comes to immigration policy, said Shapiro.

  • The Trump Administration is simply following approaches of countries like Australia and Canada, which favor high-skilled workers, he said, adding that the rest of the world has long been protectionist on that front, unlike the U.S.
  • But Shapiro also agreed that moves like last year's travel ban were hurtful to U.S. business and unnecessary.
  • Shapiro added that neither political party has prioritized the country over partisanship, when it comes to immigration.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 883,225 — Total deaths: 44,156 — Total recoveries: 185,377Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 189,753 — Total deaths: 4,090 — Total recoveries: 7,141Map.
  3. Axios-Ipsos Coronavirus Index: It's "a tale of two Americas" as the rich are more likely to work from home and the poor are more likely to report to work.
  4. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  5. State updates: Washington and California appear to have slowed their surges of new cases — Florida cases have been doubling the past four days, approaching 7,000.
  6. NYPD: Over 1,400 of its employees have reportedly tested positive for COVID-19.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Private equity hits the brakes amid coronavirus recovery uncertainties

Illustration: Rebecca Zisser/Axios

Private equity is still working on opportunistic deals when it can get a break from portfolio triage, but it's also boarding up the exits amid new questions about the speed of the coronavirus recovery.

The state of play: Sale processes are being shelved daily, even ones that already launched with investment bankers, data rooms, and interested suitors.

China's medical diplomacy is empowering euroskeptic leaders

Illustration: Aïda Amer/Axios

The Chinese government has embarked on a highly publicized campaign to provide vital medical supplies to European countries as they fight coronavirus outbreaks within their borders.

Why it matters: Those efforts — and the perception that the European Union has done little to help — are providing fodder for politicians who are eager to hail China and criticize the EU. EU leaders may now have to worry about both Chinese and Russian overtures that weaken European unity.

Go deeperArrow44 mins ago - World