Crypto News: Ditch the lottery for H-1B visas

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership.

Every year, hundreds of thousands of college-educated foreigners compete for a chance to work in the US. With just 85,000 slots available, the odds are against them. H-1B visas are awarded not by merit but by lottery.
This random allocation never made much sense. For almost two decades, it's imposed an inefficient and unpredictable standard that prevents employers from hiring the best candidates. And, to the detriment of aspiring visa holders and US workers alike, the lottery is far too easily gamed.

Read the whole thing.

AR-15s Are Weapons of War. A Federal Judge Just Confirmed It. — Noah Feldman

Postal Service Revolution Deserves Time to Deliver — Thomas Black

The Trump-Musk Bro-Fest Was an Unedifying Affair — Timothy L. O'Brien

Apple and Alphabet's Freakish Earnings Broke This Market Barometer — Nir Kaissar

Tim Walz's Investment Strategy Makes Him an Outlier — Allison Schrager

Rolls-Royce CEO Proves You Don't Need Private Equity to Get Rich — Chris Bryant

Hedge Funds Take Money From Each Other — Matt Levine

The Fed Is Too Late to Save the Housing Market This Year — Conor Sen

Luxury Looks Like a China Carry Trade Set to Unwind — Shuli Ren

Here's what we've been listening to and watching this week.

Kamala Harris needs to speak up about her record on crime before the GOP spins the narrative, warns Erika Smith.
Anthony Bourdain coined the term "Failing Restaurant Syndrome." Dave Lee says Elon Musk's X is experiencing "Failing Social Network Syndrome."
One of the guys from the real-life "Big Short" is warning of another housing crisis — this time, because of climate change. Mark Gongloff explains.

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