Federal appeals court rules against Trump administration on DACA

Judge orders that the DACA program be restarted Analysis from the ‘Special Report’ All-Star panel. A federal appeals court in San Francisco ruled against the Trump administration Thursday, saying the government cannot immediately end the DACA program that gives young undocumented immigrants a chance to continue living and working in the U.S. without the threat of deportation. The administration had […]

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Reasons to Hold Off on Marijuana Stock Investments

In the past few years, the landscape of the legal cannabis industry has changed dramatically. More states across the U.S. have moved to legalize marijuana in particular medicinal or recreational cases (or, in some states, in both). Canada has moved to legalize marijuana for recreational use among adults nationwide. With signs pointing to increased legalization in the future, the marijuana […]

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The federal budget deficit is soaring, and you can blame it all on Republican tax cuts

It wasn’t said directly, of course, but the U.S. Treasury officially reported something Monday that, depending on your political party of choice, you’ve either long suspected would happen or refused to admit was possible: Last year’s big tax cut bill significantly increased the federal budget deficit. According to the Monthly Treasury Statement for fiscal 2018, the year that just ended Sept. 30, […]

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Debt Versus Deficit: Understanding the Differences

Debt. Deficit. The two most loaded terms in all of macro finance, their connotations inspiring legislation and executive decisions that affect us all. Yet every year, you can find a few congressional candidates who don’t know the difference between these two important concepts. (Alas, they even get elected sometimes.) A Distinction with a Difference Despite starting with a common syllable […]

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Federal judge blocks Trump from deporting hundreds of thousands of immigrants under TPS

A federal judge on Wednesday ordered the Trump administration to temporarily halt its plan to end a special federal immigration program that has allowed hundreds of thousands of immigrants to legally live and work in the U.S. for decades. U.S. District Judge Edward Chen ruled that the administration may have side-stepped federal rule-making guidelines, imposed undue political pressure on staffers, […]

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Dollar edges up against yen before Fed; trade woes check risk appetite

Investors expect rate hike from the U.S. Federal Reserve this week. ECB’s Draghi sees vigorous pickup in inflation. The dollar was largely steady against its major peers on Tuesday as investors looked to policy clues from the U.S. Federal Reserve, which is widely expected to hike rates this week, as financial markets fret over a heated Sino-U.S. trade dispute. The […]

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Federal court rules against DeVos in for-profit fraud case

Education Secretary Betsy DeVos' move to delay Obama-era protections for students defrauded by for-profit colleges was dealt a setback when a federal judge found her actions to be "arbitrary and capricious." Continue Reading Below U.S. District Judge Randolph Moss ruled Wednesday in a lawsuit challenging the delay that had been filed by Democratic attorneys general from 19 states and the […]

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Cutting federal prison sentences would increase crime – it’s already happening in California

 (iStock) I spent 26 years with the Los Angeles Police Department, retiring in 2015 as a detective. To this day, I’m saddened when I think of the many innocent victims of the rampant violence and crime so pervasive during the crack epidemic in Los Angeles in the 1990s. In 1992, over 140 people were murdered in my police precinct in […]

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