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Trump announces $5 million ‘Gold Card’ visa to replace EB-5 investor program

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New U.S. visa program aims to attract high-net-worth investors while eliminating fraud.

President Donald Trump has unveiled a new “Trump Gold Card” visa, a high-cost alternative to the existing EB-5 investor visa program, requiring a $5 million investment for a path to U.S. citizenship.

Announced from the Oval Office on Tuesday, the program aims to attract wealthy individuals who can contribute significantly to the American economy.

“They’ll be wealthy and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it’s going to be extremely successful,” Trump said.

Commerce Secretary Howard Lutnick confirmed that the Gold Card program will replace the EB-5 visa system, which has been in place since 1990 and currently allows foreign investors to gain residency by investing around $1 million and creating at least 10 jobs.

Lutnick argued that the new program will eliminate fraud and streamline the process by raising the financial threshold and ensuring only high-value investors are approved.

While the administration touts the program as a boost to economic growth, critics argue it favors the ultra-wealthy and raises concerns about accessibility and fairness in immigration policy.

The Gold Card visa is expected to launch within two weeks, with details still emerging on how it will impact current EB-5 applicants and future foreign investors.

Silicon Valley entrepreneur and U.S.-Vietnam relations advocate Allison Huynh joins Veronica Dudo to discuss.

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UN struggles with Israel-Palestine conflict and climate action

UN faces mounting pressure over Gaza and climate change as global leaders convene for General Assembly amid ongoing crises

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UN faces mounting pressure over Gaza and climate change as global leaders convene for General Assembly amid ongoing crises

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In Short:
– The UN struggles with violence in Gaza and doubts about its role in global conflicts.
– International pressure on Israel increases, with smaller nations relying on the UN to express their concerns.
The United Nations faces significant challenges as it grapples with escalating violence in Gaza and broader global issues.
Delegates are gathering this week in New York for the UN General Assembly, where the UN’s inability to resolve the Israel-Palestine conflict looms large.Historically, the UN aimed to establish peace between Jewish and Arab states in Palestine.

However, its power to address current tensions has diminished, especially with Israel’s continued incursions into Palestinian territories. Israeli officials, including the ambassador to the UN, have vocalised frustrations towards the organisation.

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The UN’s challenges extend to its roles in humanitarian aid and climate initiatives, facing budget constraints and diminished expectations.

Global leaders are questioning the UN’s relevance, particularly regarding pressing issues like the Ukraine conflict.

International Response

Increased international scrutiny of Israel parallels historical situations, leading to calls for intensified diplomatic efforts.

The EU has proposed new measures affecting Israeli imports. Amidst this, smaller nations view the UN as a vital platform to voice concerns that might otherwise go unheard.


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Trump proposes $100,000 H-1B visa fee increase

Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

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Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

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In Short:
– Trump announced a $100,000 fee for H-1B visas and a $1 million residency gold card to boost American hiring.
– Critics argue increased fees may limit smaller firms’ access to foreign talent, impacting U.S. tech innovation.
President Trump announced significant changes to the U.S. immigration system, introducing a new $100,000 fee for H-1B visas and a $1 million “gold card” for residency.
The move aims to increase revenue and promote the hiring of American workers, claiming that many tech companies exploit the current system.The fee increase targets H-1B visa applications, which traditionally have low entry costs.

Trump stated the initiative aims to bring in highly skilled individuals rather than those crossing the borders illegally. A gold card requiring a $1 million payment will expedite visa processing, with a reduced availability compared to existing green card categories.

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The new programme could alter the competitive landscape for U.S. tech companies, which historically depend on H-1B visas to access foreign talent.

Critics warn that the increased fees may deter smaller firms from utilising these visas, potentially hindering U.S. progress in tech sectors like artificial intelligence.

Visa Impact

Debate persists within Trump’s administration regarding the new policy’s implications. Supporters argue it protects American jobs, while opponents contend it restricts access to global talent crucial for innovation.

The H-1B visa programme, established in 1990, remains vital for skilled foreign workers seeking residency in the U.S., yet faces growing scrutiny.


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Fourth death confirmed due to Optus outage issues

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

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Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

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In Short:
– A fourth death is confirmed due to an Optus network failure affecting emergency calls for 13 hours.
– Optus CEO announced an investigation after communication failures and criticism from politicians and emergency services.
A fourth death has been confirmed following an Optus network failure that prevented emergency calls to Triple Zero for 13 hours.
Initially, Optus reported three fatalities, including an infant and two elderly individuals from South Australia and Western Australia. The latest victim is a 49-year-old man from Perth.Optus CEO Stephen Rue expressed deep sorrow over the incident and announced a full investigation into the network update that caused the outage.

He stated that approximately 600 calls to emergency services were disrupted, impacting residents across South Australia, Western Australia, and the Northern Territory.

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Rue confirmed that the outage stemmed from a problematic firewall upgrade and revealed details of communication failures within the company. Politicians and emergency services expressed anger at the lack of timely information during the crisis.

System Failure

South Australian Premier Peter Malinauskas criticised Optus for their incompetence in handling the situation.

The federal communications minister also condemned the company, highlighting that such failures are unacceptable.

The incident follows a previous outage for which Optus was fined $12 million, raising serious concerns about their emergency service handling.


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