Trump Will Appeal Travel Ban To Supreme Court
Well, Trump did warn he would appeal the travel ban all the way to the Supreme Court if he had to, and that's precisely what he plans on doing.
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JPMorgan: US Debt Is Never Going Down Again
After yesterday Goldman mocked Trump's budget (ironic as it was Trump's ex-Goldman Chief Economic Advisor who conceived it) and said it had zero chance of being implemented, today it was JPM's turn to share some purely philosophical thoughts on the shape of future US income and spending, which as we learned yesterday could balance only if the US grows for 10 years at a 3% growth rate, something it has never done, while slashing nearly $4 trillion in in spending, something else it has never done.
List of Seven Troubles Assailing the US Economy as We Head into Summer
The following article by David Haggith was published on The Great Recession Blog:
The following is not simply a list of negative risks to the economy but a list of of serious economic conditions that are already placing drought-like pressures on the overall economy. This list doesn’t include the long-term structural problems with the economy, such as its high debt burden, but just the forces that have risen against it this year.
Trump Loses In Court Again After 4th Circuit Upholds Block Of Travel Ban
Trump may be traveling, but the bad news for the president never stops, and while we await tonight's daily "Russia collusion blockbusters" from the WaPo and the NYTimes, the president got some even more bad news after NBC reported that a Federal Appeals court has upheld the ban on Trump's travel plan.
As NBC explains, a Richmond, VA-based federal appeals court on Thursday refused to reinstate President Trump’s ban on nationals from six majority-Muslim countries from entering the U.S., delivering a major blow to the Trump administration.
Travel To US Has Tumbled 16% Since Trump Took Office, Foursquare Says
Social-media company Foursquare has crunched the data generated by its 50 million active monthly users and determined that America’s share of the international tourism market has fallen sharply since October.
According to data published on the company’s blog, visits by foreigners to the U.S. started to decline in October, when they fell by 6% year-over-year. The decline has continued through March 2017, the latest month for which Foursquare has data, when visits declined by an astounding 16%.