1
Trump’s Aides, Not Eager to Defend His Tweets, Also Don’t Condemn Them
His staff was more frustrated that the remarks interrupted an intraparty
Democratic fight between Speaker Nancy Pelosi and four freshman
congresswomen, giving them a common enemy.
Trump should think.
https://www.youtube.com/watch?v=sZwRyodoPV4
2
Pence’s Border Trip Illustrates Conflicting Messages About Detained Migrants
The Trump administration largely concedes that adult detainees experience
grueling conditions in federal custody. But it also wants to appear
sensitive to migrant children.
Trump would like to be reelected.
3
After 2016 Bible Slip, Trump Lashed Out at ‘So-Called Christians,’ Book Says
Donald J. Trump was stung by criticism from evangelicals for referring to
Second Corinthians as “Two Corinthians,” and is said to have used an
epithet to describe them.
Trump does not fake it well.
4
Wrangling Begins in Queens D.A. Recount, Recalling Florida Intrigue in 2000
Only 16 votes separate the top two candidates in the race, which has
national implications.
Count all the votes.
5
62 Border Agents Belonged to Offensive Facebook Group, Investigation Finds
Internal investigators are examining agents who were members of social
media groups that posted inappropriate images, memes and comments about
immigrants and lawmakers.
The current border control must end.
Asylum applicants should get immediate attention.
6
Cryptocurrencies Pose National Security Threat, Mnuchin Says
The Treasury secretary raised concerns about cryptocurrencies, including
Facebook’s Libra, saying they could be used to fund illicit activities.
Cryptocurrencies are not money.
7
White House Directs Kellyanne Conway to Defy House Subpoena
The White House told Kellyanne Conway on Monday not to comply with a
congressional subpoena compelling her to testify about compliance with
ethics laws.
The Whitehouse must proove their contention in court.
8
Tuesday: Retail Sales, Industrial Production, Homebuilder Survey, Fed Chair Powell
From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed
Despite Bond Market Gains
Mortgage rates were mostly flat to begin the new week, even though
underlying bond markets were in stronger territory. … Mortgage-backed bonds
have improved somewhat throughout the day. At face value, that seems like
it should help mortgage rates and indeed it might. The issue is that there
hasn't been quite enough improvement for the average lender to go to the
trouble of adjusting rates in the middle of the business day. [Most
Prevalent Rates *30YR FIXED - 4.0%*]
emphasis added
Tue... more »
No real change.
9
Trump Falsely Accuses Ilhan Omar of Proclaiming ‘How Great Al Qaeda Is’
The Minnesota Democrat did not praise the organization and has condemned it
and other militant groups for engaging in terrorism.
Trump is lying again.
10
The Silent Majority Party
In the On Politics newsletter: Republicans used to denounce President
Trump’s comments. Not so much anymore.
Fear.
11
The Apollo 11 Mission Was Also a Global Media Sensation
The satellites were finally ready to beam images back to Earth in 1969. And
some 600 million people watched the event live.
Doing it again is mu ch less thrilling.
12
White House Directs Kellyanne Conway to Defy House Subpoena
The White House told Kellyanne Conway on Monday not to comply with a
congressional subpoena compelling her to testify about compliance with
ethics laws.
Congress has the greater power.
13
Trump Sends Negotiators to Geneva for Nuclear Talks With Russians and Also Seeks to Limit Chinese Warheads
President Trump has discussed his idea with President Vladimir V. Putin of
Russia, and has indicated interest in a three-way accord with China to cap
nuclear arsenals.
"If it aint broke, don't fix it."
14
Money Gap Separates Democratic Field Into Haves and Have-Nots
Cory Booker and Amy Klobuchar reported second-quarter fund-raising totals
that placed them at the top of the second tier, with others like Kirsten
Gillibrand lagging.
Only one of these will be the candidate.
15
House Prices and Median Household Income
One of the metrics we'd like to follow is a ratio of house prices to
incomes. Unfortunately most income data is released with a significantly
lag, and there are always questions about which income data to use (the
average total income is skewed by the income of a few people).
And for key measures of house prices - like Case-Shiller - we have indexes,
not actually prices.
But we can construct a ratio of the house price indexes to some measure of
income.
Last week I posted House Prices to National Average Wage Index. I mentioned
another measure - house prices to the Median Household ... more »
Houses are not selling well.
16
‘Toxic Stew’ Stirred Up by Disasters Poses Long-Term Danger, New Findings Show
Wildfires and hurricanes are pushing chemicals into the environment, with
health effects that scientists are just beginning to understand.
Yes.
17
E.P.A. Broke Rules in Shake-Up of Science Panels, Federal Watchdog Says
The Government Accountability Office found that the administration “did not
consistently ensure” that appointees to E.P.A. advisory boards met federal
ethics requirements.
Poke Trump again.
18
Most Migrants at Border With Mexico Would Be Denied Asylum Protections Under New Trump Rule
The rule, which goes into effect Tuesday, denies protections to migrants
who failed to apply for asylum in the first country they passed through on
their way to the United States’ southwestern border.
It is intentional.
19
Trump Says Four Democratic Congresswomen Hate the U.S. and Are Free to Leave
The president also accused Speaker Nancy Pelosi of making racist comments.
Truth is not part of Trump.
20
Ten Years Ago: The Sluggish Recovery Began
Note: This is the 15th year I've been writing this blog. Sometimes it is
fun to look back, especially at turning points. Starting in January 2005,
I was very bearish on housing - and in early 2007, I predicted a recession.
However in 2009 I became more optimistic. For example, in February 2009, I
wrote: Looking for the Sun (Note: that post shocked many readers since I
had been very bearish).
And here are a couple of posts I wrote exactly 10 years ago on July 15,
2009:
Is the Recession Over?
Show me the Engines of Growth
Back in February I pointed out that I expected to see some ... more »
I am not in CR's business.
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