Monday, May 27, 2019

@20;00, , 5/25/19

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1

Cory Booker Says Beating Trump Should Be ‘the Floor, Not the Ceiling’

Nick Corasaniti at NYT > Politics - 1 hour ago
Stuck in the polls and contending with a loaded Democratic field, Mr. Booker emphasized a deeper primary conversation during a four-day swing through Iowa.
 
Cory Booker is correct.
 

Sarah Sanders Says Trump and Kim ‘Agree in Their Assessment’ of Biden

Maggie Haberman at NYT > Politics - 2 hours ago
The White House press secretary also defended the president’s approach to North Korea and the review of the Russia investigation’s roots.
 
Biden should not be president.
 

Trump’s Ringside Evening in the Sumo Arena

Katie Rogers at NYT > Politics - 5 hours ago
The sumo ring is a sacred space where rules have applied for centuries. Foreign leaders do not often step inside, but President Trump came bearing a trophy.
 
Trump did not make news.
 

Week-end Wrap – Political Economy – May 26, 2019

Tony Wikrent at Ian Welsh - 6 hours ago
This post is by Tony Wikrent Strategic Political Economy The radical plan to change how Harvard teaches economics [Vox, via The Big Picture 5-25-19]Harvard finally has someone who is challenging Bush Dubya’s economic guru Greg Mankiw in the teaching of introductory economics. Personally, I think Mankiw should be turned over to some impoverished country like Chad […]
 
The search for a balance between regulation and investment continues.
The present situation is neither satisfactory or sustainable.
 

Trump’s Ringside Evening in the Sumo Arena

Katie Rogers at NYT > Politics - 7 hours ago
The sumo ring is a sacred space where rules have applied for centuries. Foreign leaders do not often step inside, but President Trump came bearing a trophy.
 
Japan is troubled.
Trump's Republicans cannot help.
 

Hotels: Occupancy Rate Increased Year-over-year

Calculated Risk at Calculated Risk - 9 hours ago
From HotelNewsNow.com: STR: US hotel results for week ending 18 May The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 May 2019, according to data from STR. In comparison with the week of 13-19 May 2018, the industry recorded the following: • *Occupancy: +0.8% to 70.8%* • Average daily rate (ADR): +1.4% to US$134.36 • Revenue per available room (RevPAR): +2.2% to US$95.13 emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. [image: Hotel O... more » 
 
The hotel business is not growing.    
This may not be meaningful. 
Short term shelter has a new buisness model.
 
7

How Democrats Are, and Aren’t, Challenging the Trump Economic Record

Neil Irwin at NYT > Politics - 15 hours ago
Acknowledging the boom, and then a quick pivot to other issues or a nuanced argument on what personal economic well-being means.
 
Seize Ronald Reagan's retorical question:"are you better off now than you were four years ago?".
 

Trump Opens Tokyo Visit With a Tweet Sure to Unnerve the Japanese

Annie Karni and Katie Rogers at NYT > Politics - 19 hours ago
President Trump played down North Korea’s recent tests of short-range ballistic missiles, undercutting declarations by both Prime Minister Shinzo Abe and the president’s own national security adviser.
 
Trump cannot resolve North Korea.
 

Bernie Sanders, No Longer the Front-Runner, Brings Campaign Home to Vermont

Sydney Ember at NYT > Politics - 22 hours ago
His themes are familiar, but his status — he is now second in the polls — has changed. He is starting to host in-person fund-raisers, with ticket prices starting at $27.
 
Bernie Sanders is not yet the Candidate.
 
10 

Trump’s Targeting of Intelligence Agencies Gains a Harder Edge

Michael S. Schmidt and Julian E. Barnes at NYT > Politics - 1 day ago
The president has long waged that war by tweet, but his new attorney general is poised to professionalize the fight.
 
Trump is shure the intelligence agencies are his enemies.
"The facts have a well known liberal bias."
 
11 

A Lesson of Sandy Hook: ‘Err on the Side of the Victims’

Elizabeth Williamson at NYT > Politics - 1 day ago
A tidal wave of aid bore witness to the power of human kindness, but the money that engulfed Newtown, Conn., also sowed division.
 
I don't know how to "err on the side of the victims".
The victims at Sandy Hook had no side.
 
12 

Fact-Checking Bernie Sanders on the Campaign Trail

Linda Qiu at NYT > Politics - 1 day ago
Mr. Sanders has campaigned on his record of popularizing progressive positions and taking aim at President Trump. Here’s a fact-check of his remarks.
 
Bernie Sanders is a politician.
 
13 

A Senator Wants to Have a Greater Impact. So He’s Leaving the Senate.

Carl Hulse at NYT > Politics - 1 day ago
Tom Udall, a veteran New Mexico Democrat, said he could do more to advance his progressive ideas by skipping another two years of relentless re-election fund-raising.
 
The Republicans do not bargain.
 
14 

John Bolton Says North Korean Missile Tests Violated U.N. Resolutions

Motoko Rich at NYT > Politics - 1 day ago
Mr. Bolton said there was “no doubt” that missile tests this month violated Security Council resolutions. President Trump had earlier downplayed their importance.
 
True but trivial.
 
15 

Iran Slams U.S. After Middle East Troop Buildup Is Announced

Palko Karasz at NYT > Politics - 1 day ago
Tehran responded with a threat of “two new secret weapons” after the Trump administration pushed ahead with arms sales and promised to deploy extra forces.
 
The U.S. is being pointlessly aggressive.
 
16 

Schedule for Week of May 26, 2019

Calculated Risk at Calculated Risk - 1 day ago
The key reports this week are the second estimate of Q1 GDP, Case-Shiller house prices, and Personal Income and Outlays for April. For manufacturing, the May Dallas and Richmond Fed manufacturing surveys will be released. *----- Monday, May 27th -----* All US markets will be closed in observance of *Memorial Day*. *----- Tuesday, May 28th -----* [image: Case-Shiller House Prices Indices]9:00 AM: *S&P/Case-Shiller House Price Index* for March. This graph shows the year-over-year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most ... more »
 
Anticipation has no effect on me.

17

Open Thread

Ian Welsh at Ian Welsh - 1 day ago
Feel free to use the comments to this post discuss topics not covered in recent posts.
 
A quick look is informative. 
 
18 

Huawei Ban Threatens Wireless Service in Rural Areas

Cecilia Kang at NYT > Politics - 1 day ago
Many small carriers depend on inexpensive equipment from the Chinese company. Now they must rethink expansion plans, and perhaps replace existing gear.
 
The insecurity of rural areas threatens Republican government.
 
19 

On Politics: The Biggest Stories of the Week

Isabella Grullón Paz at NYT > Politics - 1 day ago
It’s been a busy week in American politics. Here are some of the stories you might have missed.
 
None of these.

John Bolton Says North Korean Missile Tests Violated U.N. Resolutions

Motoko Rich at NYT > Politics - 1 day ago
Mr. Bolton said there was “no doubt” that missile tests this month violated Security Council resolutions. President Trump had earlier downplayed their importance.
 
True but trivial.
 
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Sunday, May 26, 2019

@21:41, , 5/25/19

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https://www.youtube.com/watch?v=rs2RlZQVXBU

1

Bernie Sanders, No Longer the Front-Runner, Brings Campaign Home to Vermont

Sydney Ember at NYT > Politics - 46 minutes ago
His themes are familiar, but his status — he is now second in the polls — has changed. He is starting to host in-person fund-raisers, with ticket prices starting at $27.
Winning is the only thing.
People know what needs to be done.

Trump’s Targeting of Intelligence Agencies Gains a Harder Edge

Michael S. Schmidt and Julian E. Barnes at NYT > Politics - 5 hours ago
The president has long waged that war by tweet, but his new attorney general is poised to professionalize the fight.
Inteligence is never the enemy of the established power.

A Lesson of Sandy Hook: ‘Err on the Side of the Victims’

Elizabeth Williamson at NYT > Politics - 8 hours ago
A tidal wave of aid bore witness to the power of human kindness, but the money that engulfed Newtown, Conn., also sowed
Healing is internal.
4

Fact-Checking Bernie Sanders on the Campaign Trail

Linda Qiu at NYT > Politics - 8 hours ago
Mr. Sanders has campaigned on his record of popularizing progressive positions and taking aim at President Trump. Here’s a fact-check of his remarks.
"Figures don't lie but liars certainly figure"
I don't recognize the quoted authorities.

A Senator Wants to Have a Greater Impact. So He’s Leaving the Senate.

Carl Hulse at NYT > Politics - 8 hours ago
Tom Udall, a veteran New Mexico Democrat, said he could do more to advance his progressive ideas by skipping another two years of relentless re-election fund-raising.
I am unhappy that the rent seekers are in charge.
https://en.wikipedia.org/wiki/Rent-seeking

John Bolton Says North Korean Missile Tests Violated U.N. Resolutions

Motoko Rich at NYT > Politics - 8 hours ago
Mr. Bolton said there was “no doubt” that missile tests this month violated Security Council resolutions. President Trump had earlier downplayed their importance.
John Bolton believes in vendetta.
https://en.wikipedia.org/wiki/Feud 

Iran Slams U.S. After Middle East Troop Buildup Is Announced

Palko Karasz at NYT > Politics - 12 hours ago
Tehran responded with a threat of “two new secret weapons” after the Trump administration pushed ahead with arms sales and promised to deploy extra forces.
The U.S. is suffering a diplomatic failure.
8

Schedule for Week of May 26, 2019

Calculated Risk at Calculated Risk - 13 hours ago
The key reports this week are the second estimate of Q1 GDP, Case-Shiller house prices, and Personal Income and Outlays for April. For manufacturing, the May Dallas and Richmond Fed manufacturing surveys will be released. *----- Monday, May 27th -----* All US markets will be closed in observance of *Memorial Day*. *----- Tuesday, May 28th -----* [image: Case-Shiller House Prices Indices]9:00 AM: *S&P/Case-Shiller House Price Index* for March. This graph shows the year-over-year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most ... more » 

Open Thread

Ian Welsh at Ian Welsh - 15 hours ago
Feel free to use the comments to this post discuss topics not covered in recent posts.
10 

Huawei Ban Threatens Wireless Service in Rural Areas

Cecilia Kang at NYT > Politics - 16 hours ago
Many small carriers depend on inexpensive equipment from the Chinese company. Now they must rethink expansion plans, and perhaps replace existing gear.
The 5G service is the problem.
The U.S. Government does not control the hardware and its back doors.
The surveilance state is everywhere.
Governments are fighting over control of it.
11 

On Politics: The Biggest Stories of the Week

Isabella Grullón Paz at NYT > Politics - 20 hours ago
It’s been a busy week in American politics. Here are some of the stories you might have missed.
I am interested in the emergency aid package.
Rescuing Puerto Rico from Republican policy is important.
Mississippi flooding worries me.
https://www.nytimes.com/2019/05/24/us/midwest-river-flooding.html
https://water.weather.gov/ahps/
https://water.weather.gov/ahps/region.php?state=pr
12 

John Bolton Says North Korean Missile Tests Violated U.N. Resolutions

Motoko Rich at NYT > Politics - 20 hours ago
Mr. Bolton said there was “no doubt” that missile tests this month violated Security Council resolutions. President Trump had earlier downplayed their importance.
13 

In Shift, Trump Will Pick Kenneth Cuccinelli to Oversee Legal Immigration

Maggie Haberman and Zolan Kanno-Youngs at NYT > Politics - 22 hours ago
Mr. Cuccinelli, who was expected to coordinate immigration policy, will instead be chosen to take over for the embattled head of United States Citizenship and Immigration Services.
14 

E.P.A. Experts Objected to ‘Misleading’ Agency Smog Decision, Emails Show

Lisa Friedman at NYT > Politics - 22 hours ago
One agency scientist expressed “disbelief” over a 2018 decision to exempt most of southeastern Wisconsin from federal limits on smog.
15 

Oil Prices Down Year-over-year

Calculated Risk at Calculated Risk - 1 day ago
From MarketWatch: Oil futures suffer worst weekly performance of the year Oil futures settled higher Friday, recouping a portion of recent losses, but a day after posting their biggest one-day loss since December, prices saw their worst weekly performance of the year. … Brent shed 4.6%, while WTI was down by 5.7%, on Thursday — the biggest daily losses since December. The week’s losses for both were also the largest year to date. [image: Oil Prices]*Click on graph for larger image* The first graph shows WTI and Brent spot oil prices from the EIA. (Prices today added). According to... more » 
16 

Barr Got More Power to Review the Russia Inquiry. Here’s What We Know About Its Origins.

Adam Goldman at NYT > Politics - 1 day ago
The attorney general has the power to declassify intelligence agencies’ secrets as he examines the investigation into Russia’s election interference and ties to Trump associates.
17 

Supreme Court Blocks Two Rulings Striking Down Voting Maps

Adam Liptak at NYT > Politics - 1 day ago
Federal courts in Ohio and Michigan had said maps there violated the Constitution by favoring the party in power.
18 

Fact-Checking Trump’s Claims on Agriculture, Trade and Poll Numbers

Linda Qiu at NYT > Politics - 1 day ago
President Trump, at a news conference with farmers and ranchers on Thursday, made misleading or false statements about agricultural data, union support of a renegotiated trade deal and his approval ratings.
19 

For Trump’s Japan Trip, Abe Piles on the Flattery. But to What End?

Katie Rogers and Motoko Rich at NYT > Politics - 1 day ago
Observers have their doubts about whether a trip filled with flattery will entice Mr. Trump to cooperate on trade and other matters of Japanese interest.
20 

Potential Clash Over Secrets Looms Between Justice Dept. and C.I.A.

Julian E. Barnes and David E. Sanger at NYT > Politics - 1 day ago
The attorney general’s ability to declassify intelligence could put at risk a C.I.A. informant close to President Vladimir V. Putin of Russia.
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Saturday, May 25, 2019

@10:00, , 5/25/19

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1

Iran Slams U.S. After Middle East Troop Buildup Is Announced

Palko Karasz at NYT > Politics - 7 minutes ago
Tehran responded with a threat of “two new secret weapons” after the Trump administration pushed ahead with arms sales and promised to deploy extra forces.
 
Diplomacy is important.
 
Trump and the Revolutionary Guard are not listening. 
 

Schedule for Week of May 26, 2019

Calculated Risk at Calculated Risk - 1 hour ago
The key reports this week are the second estimate of Q1 GDP, Case-Shiller house prices, and Personal Income and Outlays for April. For manufacturing, the May Dallas and Richmond Fed manufacturing surveys will be released. *----- Monday, May 27th -----* All US markets will be closed in observance of *Memorial Day*. *----- Tuesday, May 28th -----* [image: Case-Shiller House Prices Indices]9:00 AM: *S&P/Case-Shiller House Price Index* for March. This graph shows the year-over-year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most ... more » 
 
Coming events.  
 
4

Open Thread

Ian Welsh at Ian Welsh - 3 hours ago
Feel free to use the comments to this post discuss topics not covered in recent posts.
 

Huawei Ban Threatens Wireless Service in Rural Areas

Cecilia Kang at NYT > Politics - 4 hours ago
Many small carriers depend on inexpensive equipment from the Chinese company. Now they must rethink expansion plans, and perhaps replace existing gear.
 
The chosen solution is the cell phone. 
 

On Politics: The Biggest Stories of the Week

Isabella Grullón Paz at NYT > Politics - 8 hours ago
It’s been a busy week in American politics. Here are some of the stories you might have missed.
 
No news.
 

John Bolton Says North Korean Missile Tests Violated U.N. Resolutions

Motoko Rich at NYT > Politics - 8 hours ago
Mr. Bolton said there was “no doubt” that missile tests this month violated Security Council resolutions. President Trump had earlier downplayed their importance.
 
John Bolton is not a peaceful person.
 

In Shift, Trump Will Pick Kenneth Cuccinelli to Oversee Legal Immigration

Maggie Haberman and Zolan Kanno-Youngs at NYT > Politics - 10 hours ago
Mr. Cuccinelli, who was expected to coordinate immigration policy, will instead be chosen to take over for the embattled head of United States Citizenship and Immigration Services.
 
Trump is fighting with his supporters.
 

E.P.A. Experts Objected to ‘Misleading’ Agency Smog Decision, Emails Show

Lisa Friedman at NYT > Politics - 10 hours ago
One agency scientist expressed “disbelief” over a 2018 decision to exempt most of southeastern Wisconsin from federal limits on smog.
 
Trump disagrees with the facts.
He insists that he has won the argument.
 
10 

Oil Prices Down Year-over-year

Calculated Risk at Calculated Risk - 16 hours ago
From MarketWatch: Oil futures suffer worst weekly performance of the year Oil futures settled higher Friday, recouping a portion of recent losses, but a day after posting their biggest one-day loss since December, prices saw their worst weekly performance of the year. … Brent shed 4.6%, while WTI was down by 5.7%, on Thursday — the biggest daily losses since December. The week’s losses for both were also the largest year to date. [image: Oil Prices]*Click on graph for larger image* The first graph shows WTI and Brent spot oil prices from the EIA. (Prices today added). According to... more » 
 
Supply must be exceeding demand.
 
11 

Barr Got More Power to Review the Russia Inquiry. Here’s What We Know About Its Origins.

Adam Goldman at NYT > Politics - 16 hours ago
The attorney general has the power to declassify intelligence agencies’ secrets as he examines the investigation into Russia’s election interference and ties to Trump associates.
 
Donald Trump wants to proove the Mueller investigation improper.
Arguing with the facts is unproductive.
 
12

Iran Slams U.S. After Middle East Troop Buildup Is Announced

Palko Karasz at NYT > Politics - 7 minutes ago
Tehran responded with a threat of “two new secret weapons” after the Trump administration pushed ahead with arms sales and promised to deploy extra forces.
 
Bolton is ratteling his saber.
 
13 

Schedule for Week of May 26, 2019

Calculated Risk at Calculated Risk - 1 hour ago
The key reports this week are the second estimate of Q1 GDP, Case-Shiller house prices, and Personal Income and Outlays for April. For manufacturing, the May Dallas and Richmond Fed manufacturing surveys will be released. *----- Monday, May 27th -----* All US markets will be closed in observance of *Memorial Day*. *----- Tuesday, May 28th -----* [image: Case-Shiller House Prices Indices]9:00 AM: *S&P/Case-Shiller House Price Index* for March. This graph shows the year-over-year change in the seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most ... more » 
 
14 

Open Thread

Ian Welsh at Ian Welsh - 3 hours ago
Feel free to use the comments to this post discuss topics not covered in recent posts.
 
15 

Huawei Ban Threatens Wireless Service in Rural Areas

Cecilia Kang at NYT > Politics - 4 hours ago
Many small carriers depend on inexpensive equipment from the Chinese company. Now they must rethink expansion plans, and perhaps replace existing gear.
 
The equipment should be on order.
profits may be reduced.

16 

On Politics: The Biggest Stories of the Week

Isabella Grullón Paz at NYT > Politics - 8 hours ago
It’s been a busy week in American politics. Here are some of the stories you might have missed.
 
17 

John Bolton Says North Korean Missile Tests Violated U.N. Resolutions

Motoko Rich at NYT > Politics - 8 hours ago
Mr. Bolton said there was “no doubt” that missile tests this month violated Security Council resolutions. President Trump had earlier downplayed their importance.
 
yes
 
18 

In Shift, Trump Will Pick Kenneth Cuccinelli to Oversee Legal Immigration

Maggie Haberman and Zolan Kanno-Youngs at NYT > Politics - 10 hours ago
Mr. Cuccinelli, who was expected to coordinate immigration policy, will instead be chosen to take over for the embattled head of United States Citizenship and Immigration Services.
 
19 

E.P.A. Experts Objected to ‘Misleading’ Agency Smog Decision, Emails Show

Lisa Friedman at NYT > Politics - 10 hours ago
One agency scientist expressed “disbelief” over a 2018 decision to exempt most of southeastern Wisconsin from federal limits on smog.
 
 Facts.
 
20 

Oil Prices Down Year-over-year

Calculated Risk at Calculated Risk - 16 hours ago
From MarketWatch: Oil futures suffer worst weekly performance of the year Oil futures settled higher Friday, recouping a portion of recent losses, but a day after posting their biggest one-day loss since December, prices saw their worst weekly performance of the year. … Brent shed 4.6%, while WTI was down by 5.7%, on Thursday — the biggest daily losses since December. The week’s losses for both were also the largest year to date. [image: Oil Prices]*Click on graph for larger image* The first graph shows WTI and Brent spot oil prices from the EIA. (Prices today added). According to... more » 
 
Supply must be up. 

Barr Got More Power to Review the Russia Inquiry. Here’s What We Know About Its Origins.

Adam Goldman at NYT > Politics - 16 hours ago
The attorney general has the power to declassify intelligence agencies’ secrets as he examines the investigation into Russia’s election interference and ties to Trump associates.
 
Trump would like to be not guilty.
 
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
 

Supreme Court Blocks Two Rulings Striking Down Voting Maps

Adam Liptak at NYT > Politics - 16 hours ago
Federal courts in Ohio and Michigan had said maps there violated the Constitution by favoring the party in power.
 
I cannot predict the Supreme court.
 

Fact-Checking Trump’s Claims on Agriculture, Trade and Poll Numbers

Linda Qiu at NYT > Politics - 18 hours ago
President Trump, at a news conference with farmers and ranchers on Thursday, made misleading or false statements about agricultural data, union support of a renegotiated trade deal and his approval ratings.
 
Trump does not recant his guesses.
 

For Trump’s Japan Trip, Abe Piles on the Flattery. But to What End?

Katie Rogers and Motoko Rich at NYT > Politics - 18 hours ago
Observers have their doubts about whether a trip filled with flattery will entice Mr. Trump to cooperate on trade and other matters of Japanese interest.
 
Trump does not recant his guesses.
 

Potential Clash Over Secrets Looms Between Justice Dept. and C.I.A.

Julian E. Barnes and David E. Sanger at NYT > Politics - 20 hours ago
The attorney general’s ability to declassify intelligence could put at risk a C.I.A. informant close to President Vladimir V. Putin of Russia.
 
Burr has a problem.
 

Distorted Videos of Nancy Pelosi Spread on Facebook and Twitter, Helped by Trump

Sarah Mervosh at NYT > Politics - 20 hours ago
The widely shared videos raised broader concerns about digital manipulation and disinformation heading into the 2020 campaign.
 
Trump likes to spread disinformation.
 

Trump Circumvents Congress to Sell Weapons to Middle East Allies

Helene Cooper, Edward Wong and Catie Edmondson at NYT > Politics - 20 hours ago
The Trump administration is equipping Saudi Arabia, the U.A.E. and Jordan, even as the president remains reluctant to increase the number of American military personnel on the ground.
 
Trump likes unilateral power.
 

For Trump’s Japan Trip, Abe Piles on the Flattery. But to What End?

Katie Rogers and Motoko Rich at NYT > Politics - 20 hours ago
Observers have their doubts about whether a trip filled with flattery will entice Mr. Trump to cooperate on trade and other matters of Japanese interest.
 
The Japanese economy is in poor shape.
 

One Republican’s Objection Delays Disaster Relief Bill Once Again

Emily Cochrane at NYT > Politics - 20 hours ago
Representative Chip Roy objected to a procedural vote that would have allowed the House to give its unanimous approval to a disaster aid bill.
 
Congress is not following Trump's orders.
 

Trump Administration Proposes Rollback of Transgender Protections

Abby Goodnough, Erica L. Green and Margot Sanger-Katz at NYT > Politics - 20 hours ago
The Department of Health and Human Services proposed to roll back Obama-era protections of transgender people, narrowing the definition of sex for health care coverage.
 
The Trump base would be pleased.
 
10 

Q2 GDP Forecasts: Mid 1% Range

Calculated Risk at Calculated Risk - 22 hours ago
From Merrill Lynch: We lowered *2Q GDP tracking by 0.2pp to 1.6%*, while 1Q remained unchanged at 2.9% [May 24 estimate] emphasis added From Goldman Sachs: We lowered our *Q2 GDP tracking estimate by two tenths to +1.3%* and our past-quarter GDP tracking estimate for Q1 by one tenth to +3.0% (qoq ar). [Updated: May 24 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at *1.4% for 2019:Q2*. News from this week's data releases decreased the nowcast for 2019:Q2 by 0.4 percentage point. Negative surprises from the Advance Durable Goods Report drove mo... more » 
 
Growth is slow. 
 
11

Supreme Court Blocks Two Rulings Striking Down Voting Maps

Adam Liptak at NYT > Politics - 16 hours ago
Federal courts in Ohio and Michigan had said maps there violated the Constitution by favoring the party in power.
 
A stay.   It will be resolved.
 
12 

Fact-Checking Trump’s Claims on Agriculture, Trade and Poll Numbers

Linda Qiu at NYT > Politics - 18 hours ago
President Trump, at a news conference with farmers and ranchers on Thursday, made misleading or false statements about agricultural data, union support of a renegotiated trade deal and his approval ratings.
 
Trump does not get things right.
 
13 

For Trump’s Japan Trip, Abe Piles on the Flattery. But to What End?

Katie Rogers and Motoko Rich at NYT > Politics - 18 hours ago
Observers have their doubts about whether a trip filled with flattery will entice Mr. Trump to cooperate on trade and other matters of Japanese interest.
 
Japan is economically troubled.
 
14 

Potential Clash Over Secrets Looms Between Justice Dept. and C.I.A.

Julian E. Barnes and David E. Sanger at NYT > Politics - 20 hours ago
The attorney general’s ability to declassify intelligence could put at risk a C.I.A. informant close to President Vladimir V. Putin of Russia
 
The C.I.A. is independant.
 
15 

Distorted Videos of Nancy Pelosi Spread on Facebook and Twitter, Helped by Trump

Sarah Mervosh at NYT > Politics - 20 hours ago
The widely shared videos raised broader concerns about digital manipulation and disinformation heading into the 2020 campaign.
 
Yes.
 
16 

Trump Circumvents Congress to Sell Weapons to Middle East Allies

Helene Cooper, Edward Wong and Catie Edmondson at NYT > Politics - 20 hours ago
The Trump administration is equipping Saudi Arabia, the U.A.E. and Jordan, even as the president remains reluctant to increase the number of American military personnel on the ground.
 
Yes.
 
17 

For Trump’s Japan Trip, Abe Piles on the Flattery. But to What End?

Katie Rogers and Motoko Rich at NYT > Politics - 20 hours ago
Observers have their doubts about whether a trip filled with flattery will entice Mr. Trump to cooperate on trade and other matters of Japanese interest.
 
It might help.
 
18 

One Republican’s Objection Delays Disaster Relief Bill Once Again

Emily Cochrane at NYT > Politics - 20 hours ago
Representative Chip Roy objected to a procedural vote that would have allowed the House to give its unanimous approval to a disaster aid bill.
 
Foot dragging.
 
19 

Trump Administration Proposes Rollback of Transgender Protections

Abby Goodnough, Erica L. Green and Margot Sanger-Katz at NYT > Politics - 20 hours ago
The Department of Health and Human Services proposed to roll back Obama-era protections of transgender people, narrowing the definition of sex for health care coverage.
 
A silly move.
 
20 

Q2 GDP Forecasts: Mid 1% Range

Calculated Risk at Calculated Risk - 22 hours ago
From Merrill Lynch: We lowered *2Q GDP tracking by 0.2pp to 1.6%*, while 1Q remained unchanged at 2.9% [May 24 estimate] emphasis added From Goldman Sachs: We lowered our *Q2 GDP tracking estimate by two tenths to +1.3%* and our past-quarter GDP tracking estimate for Q1 by one tenth to +3.0% (qoq ar). [Updated: May 24 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at *1.4% for 2019:Q2*. News from this week's data releases decreased the nowcast for 2019:Q2 by 0.4 percentage point. Negative surprises from the Advance Durable Goods Report drove mo... more » 
 
Slow growth.
 
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