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X @The Economist
The Economist· 2025-08-08 17:30
Italy’s government says a judgment by the EU’s top court will stop it from “combating illegal immigration and defending the nation’s borders”. The ruling says asylum-seekers cannot be sent to countries that are not safe for them https://t.co/a5bMgvauxM ...
X @Forbes
Forbes· 2025-08-08 08:00
Three of the 10 richest people in America (and the world) are immigrants. https://t.co/ZiSjc3gpSY https://t.co/ZiSjc3gpSY ...
ICE agents jump out of rental truck and arrest people outside Home Depot
MSNBC· 2025-08-07 21:53
Take a look at this video. A board of patrol agents in Los Angeles fully decked out in military garb loading into a rental truck. They were headed to a Home Depot where they jumped out of the back of the box truck and arrested 16 day workers waiting to be picked up for jobs.It's all part of what CBP is calling Operation Trojan horse. It's exactly as it sounds. There were these ICE officers who went into a Home Depot parking lot in Los Angeles and jumped out of the back of a Pinsky truck.Pinsky, by the way, ...
X @The Economist
The Economist· 2025-08-07 20:10
Unlike most civil detention facilities in America designed for immigrants, Alligator Alcatraz is not funded by the federal government. Instead Florida is footing the bill—so far the governor has allocated $245m https://t.co/arEj3VOU1k ...
X @Forbes
Forbes· 2025-08-07 19:48
Trump Says Census Will No Longer Count Undocumented Immigrants https://t.co/x4wytP2sMF ...
X @The Wall Street Journal
President Trump asked the Commerce Department to start working on a census that will exclude immigrants who entered the U.S. illegally https://t.co/F7ZKUDfs30 ...
X @The Wall Street Journal
President Trump asked the Commerce Department to start working on a census that will exclude immigrants who entered the U.S. illegally https://t.co/QbLLNR5ecQ ...
X @Forbes
Forbes· 2025-08-07 10:40
Three of the 10 richest people in America (and the world) are immigrants. https://t.co/5ppaLINlGZ https://t.co/5ppaLINlGZ ...
Policy Uncertainty Is Biggest Threat To The U.S. Economic Growth Right Now: Carmen Reinhart
CNBC· 2025-08-06 16:01
Economic Uncertainty & Recession Risks - Uncertainty, stemming from policy, geopolitical factors, and President Trump's attacks on the Federal Reserve, poses a significant threat to US economic growth [1][2] - Recession risks are higher than average, though not overwhelming, as the US consumer remains resilient [7][9] - Corporate investment is hindered by uncertainty, impacting medium to longer-term plans [5] Monetary Policy & Inflation - It's difficult to argue for lower interest rates currently due to uncertainty about future inflation [11] - There are no overwhelming signs of weakening economic activity that would call for monetary policy stimulus [12] - The pass-through of tariffs into higher prices has been modest so far, but it's still early stages [11] Immigration & Demographics - Slower population growth due to immigration shocks negatively impacts medium-term potential output [8][9] - Aging populations and declining birth rates in the US and other advanced economies impact potential growth [14] - Immigration has historically contributed to trend growth in the US economy [8][14] Debt & Fiscal Policy - The US budget bill is estimated to add at least $3 trillion to the deficit over the next 9 to 10 years [15] - High debt levels and debt servicing costs are a concern, potentially hindering more productive investments [17][18] Globalization & Trade - Globalization has been off its peak since the global financial crisis [20] - While globalization has benefited consumers through cheaper products, it has also led to a hollowing out of various sectors in the US [20][22] - Increased global cooperation is preferred over a fragmented system [22] Global Debt Crisis - The unfolding debt crisis in low-income countries is something to watch, as it could amplify to emerging markets with bigger footprints [24][25]
MSNBC Highlights — Aug. 5
MSNBC· 2025-08-06 10:00
Political Landscape & Public Opinion - The Republican party is facing discontent in traditionally Republican areas, with voters expressing concerns over policies and practices [1][1][1] - Public opinion polls indicate unpopularity for Donald Trump and the Republican party, compounded by unpopular bills [2] - Town hall meetings are reflecting public anger and a potential shift in enthusiasm towards the Democratic party [2] - Voters are ahead of politicians in their discontent with issues like ICE, government cuts, and the Epstein scandal, creating a division between voters and some Democratic politicians [2] Epstein Case & Justice Department - The Justice Department is considering releasing the audio and/or transcript of Deputy Attorney General's interview with Ghislaine Maxwell, potentially with redactions [2] - The House Oversight Committee is subpoenaing information from the Justice Department and former officials across multiple administrations regarding the Epstein case [3] - Victims of Epstein have criticized the Justice Department's handling of the case, alleging a focus on protecting wealthy individuals rather than seeking justice [3][4] - Jeffrey Epstein displayed photos of himself with powerful figures, potentially as a deterrent to those who might report his misdeeds [13] Redistricting & Gerrymandering in Texas - Donald Trump has urged Texas Republicans to redraw congressional maps to create five more Republican seats [15] - Texas Democrats fled to Illinois in an attempt to delay the redistricting scheme, which redraws 37 of 38 congressional districts [17][16] - The proposed plan focuses on creating five new trending Republican districts for partisan purposes [16] - Texas Governor Greg Abbott and Attorney General Ken Paxton have threatened to arrest and vacate the seats of Democrats who are protesting the redistricting [37] - There are concerns that partisan gerrymandering could impact the balance of power in Congress [25] Economic Data & Political Manipulation - There are concerns about potential political manipulation of economic data, specifically regarding the Bureau of Labor Statistics [54][55] - President Trump's claims that job numbers are subject to political manipulation send a signal that credible data may be suppressed [59] - There are concerns that the administration is trying to enforce its version of the facts on government agencies that traditionally provide independent data [68] Tariffs & Trade - The EU may not be able to fulfill its promise of $600 billion in exchange for lower tariffs [69] - The floor for tariffs seems to be about 15%, which is a major change in the world economy [70] - President Trump is leveraging tariffs to push forward his geopolitical agenda, including towards allies like India and Canada [72]