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Politics

A U.S. Citizen Detained by ICE for Three Days Tells His Story

George Retes is a 25-year-old U.S. Army veteran who served a tour in Iraq. On July 10, while on his way to work as a security guard at a Southern California cannabis farm, he was detained by federal immigration agents, despite telling them that he is an American citizen and that his wallet and identification were in his nearby car, Retes told me. While arresting him, the agents knelt on his back and his neck, he said, making it difficult for him to breathe. Held in a jail cell for three days and nights, he was not allowed to make a phone call, see an attorney, appear before a judge, or take a shower to wash off pepper spray and tear gas that the agents had used, according to the Institute for Justice, a public-interest law firm that is representing Retes. He worried about his two young children and missed his daughter’s birthday. Mistreatment of American citizens by immigration authorities is not new. According to a 2021 Government Accountability Office report, the best available data indicate that Immigration and Customs Enforcement arrested 674 “potential” U.S. citizens, detained 121, and removed 70 during a five-year, six-month period that ended in 2020. We don’t yet know if detentions of U.S. citizens are becoming more common in President Donald Trump’s second term, but news outlets have documented more than a dozen such cases. And the Trump administration has ramped up immigration raids, rolled back due-process protections, and secured funding to quickly hire 10,000 additional ICE officers, all of which creates the conditions for more erroneous detentions—and raises the question of whether ICE can violate the rights of citizens with impunity. “There must be some avenue to hold the federal government or its officers liable for violating George’s constitutional rights,” Marie Miller, one of Retes’s attorneys, told me. Her strategy is to seek relief for Retes under the Federal Tort Claims Act, a law that allows private parties to sue for negligent or wrongful acts committed by federal employees acting within their job. The government has six months to resolve a claim, after which the claimant can sue. The hope is that the case “will chart a path to holding federal officers or their employer accountable,” Miller explained, “and that blazing the path to accountability will discourage this kind of treatment.” She said that ICE has acknowledged receiving Retes’s claim but has not yet responded. [Listen: How ICE became Trump’s secret army] ICE did not respond to my request for comment about the claim. But a spokesperson for the Department of Homeland Security put out a statement after the raid in which Retes was swept up, saying that the “US Attorney’s Office is reviewing his case, along with dozens of others, for potential federal charges related to the execution of the federal search warrant in Camarillo.” Retes was one of more than 360 people who were detained in the operation—“a mix of workers, family members of workers, protesters and passersby,” according to the Los Angeles Times. Late last month, I spoke with Retes, who detailed his story, starting with the day that his employer, Glass House Farms, one of California’s largest legal-cannabis companies, was raided. What follows has been edited for length and clarity. You were driving to your job as a security guard when you encountered a bunch of men, some with ICE vests on, blocking the road. You’ve described the scene as chaotic. Can you tell me what you saw? Cars bumper to bumper, people getting out walking down the street to try to see what’s happening, really a logjam. Making my way through was a task, and eventually I drove up to where a line of agents was just in the middle of the street keeping everyone away and blocking the road. They were raiding your workplace. Were there signs or instructions on what to do? Nothing. So I pull up a good distance away. I put my car in park. I get out. I say, I’m a U.S. citizen. I’m just trying to get to work. I have a job just like you guys. I have a family to feed. I got bills to pay. I’m not here to fight you guys. I’m not part of the protest. I’m literally just trying to get to work. They didn’t care and immediately got hostile. No one seemed to be in charge. Just all of them yelling at once. Yelling what? They were all yelling different things: Work is closed. You’re not going to work today. Get the fuck out of here. Leave, get back in your car. Pull over to the side. And then they started walking toward me in a line. I didn’t want to escalate. I wasn’t there to argue or to fight them. So I decided to get back in my car. I didn’t want any conflict. They surrounded my car. I’m telling them, “I’m leaving.” I’m trying to leave. And agents are banging on my driver’s- and passenger’s-side windows. Agents in front are telling me to reverse, pull over to the side, while other agents are trying to open my door and telling me to do something completely different, contradicting each other. I reversed out of the lane I was in to get out of the way. Then they let a bunch of their vehicles pass by.  How did the arrest happen? They re-approached my car. I don’t know why they decided to re-approach, but they end up throwing tear gas behind my car. Now I’m kinda just trapped there, with tear gas filling up my car, choking. They’re banging on my window, telling me to reverse again, and I’m trying to tell them, How do you expect me to reverse when I can’t see? You hear me coughing. They just weren’t listening; they were still telling me to reverse, still trying to pull my car door open, still contradicting each other. Then one of the agents shatters my driver’s-side window, and another agent sticks his

Politics

Study Finds Trump To Cause Income To Drop For 99% Of Americans

PoliticusUSA is committed to reporting the truth about what your government is doing. Please support us by becoming a subscriber. Subscribe now The Trump administration’s policies represent a historic transfer of national wealth and resources to the top 1%. The scope and degree of this take from everyone else to give to the very rich policymaking was revealed in a new study by the Center For American Progress (CAP). CAP found: The combination of new tariffs announced by the Trump administration in 2025 and new policies implemented in the One Big Beautiful Bill Act (OBBBA) will cause Americans’ incomes after taxes and transfers to decrease across the board in 2027, relative to 2025. Indeed, only the top 1 percent of U.S. households by earnings will see an increase. Despite some lawmakers’ attempts to rebrand the bill as a “working families tax cut,” middle-income households will experience a net income decrease of 1.2 percent, or $1,300, in 2027. Meanwhile, the top 1 percent will receive a net income increase of nearly $5,000. … In 2027, the poorest 20 percent of American households will be $160 worse off because of the new policies in the OBBBA and will lose $1,490 in income to tariffs, for a net decrease of $1,650, or 3.4 percent of their income. (see Figure 1) At the same time, the middle 20 percent of American households, who have an average income of $109,000, will see that income decrease by $1,300 after they receive a tax cut (net of spending cuts) of $950; but the Trump administration’s massive tariffs increase their costs by $2,250. In contrast, new provisions in the OBBBA give the top 1 percent a $17,800 benefit, which exceeds their average $12,800 tariffs costs by $5,000. The real-life impact on the wallets of Americans who aren’t the one percent is going to be brutal. The Trump administration rejects the findings of the study by claiming that the tariffs and tax cuts for the rich are going unleash a wave of job growth and prosperity, just like in Trump’s first term. However, Trump’s first round of tax cuts for the rich did not unleash prosperity and growth. PoliticusUSA is a reader-supported publication. To receive new posts and support our work, consider becoming a free or paid subscriber. The Center For Budget and Policy Priorities found that Trump’s first round of tax cuts actually decreased business investment and consumption. Overall, economic growth only ticked up due to increased government spending, which was eliminated in the second round of Trump’s tax cuts for the rich. The CFBPP wrote: Rigorous research into some of the law’s key provisions also shows the lack of evidence for the Trump Administration’s claims. For example, despite Republicans’ promises that the special 20 percent deduction for pass-through business income would boost investment and create jobs, researchers have found no evidence that the deduction significantly increased investment, wages for non-owners, or employment. Similarly, though the Trump Administration promised the corporate rate cut would “very conservatively” lead to a $4,000 boost in household income, a study by economists from the Joint Committee on Taxation and the Federal Reserve Board found that workers in the bottom 90th percentile of their firm’s income scale saw “no change in earnings” from the rate cut. In addition, the authors find that the revenue loss from the decrease in corporate tax revenues far outweighs any boost in output from the tax cut. When taxes are cut for the wealthy and corporations, the money stays at the top. There is no “trickle-down effect” to everyone else. Trump’s economic policies are just getting started, and they are about to do some major damage to everyone in the US economy who isn’t already rich. What do you think about the CAP study? Share your thoughts in the comments below. Leave a comment

Economic News

Why We Teach International Trade and Foreign Direct Investment Together

Or, why should a bunch of ICE agents running amok in a Hyundai-LG factory have an impact on trade policy uncertainty? People tend to think of international trade and foreign direct investment as substitutes (one can import widgets into country A from country B, or alternatively a firm in Country B can build a new widget factory in Country A). That kind of makes sense in a world of differing goods, maybe without information asymmetries. However, when there are differentiated productions, supply chains, intellectual capital etc., it is perhaps more useful (especially in trade between advanced economies) to think of trade and FDI as complements (or FDI as technology transfer, as this was a chip manufacturing facility). In any case, see Chapter 6 of Chinn and Irwin (2025). So, here’re two trade policy uncertainty measures: Figure 1: EPU-Trade (blue, left scale), TPUD Caldara et al. (red, right scale). Source: policyuncertainty.com and Iacoviello. Given the impact of uncertainty on FDI (see e.g.  Jardet, Jude, Chinn, 2023), it’s no wonder FDI fell in Q1.      

Economic News

REVOLUTION – Youth Overthrows Nepal’s Government

Nepal’s Prime Minister Khadga Prasad Oli resigned immediately after massive youth protests swept the nation and led to deadly clashes with police that left over 20 dead. Anger over government corruption has been rising. Youth unemployment surpassed 20% and people aged 15 to 40 compose 43% of Nepal’s population. The final straw was a nationwide ban on social media imposed on September 4, 2025. The youth took to the streets to demand immediate change. https://www.armstrongeconomics.com/wp-content/uploads/2025/09/NepalFinanceMinisterBeaten.mp4 Nepal’s Finance Minister, Bishnu Paudel, was chased through the streets by an angry mob. Paudel was beaten, stripped naked, and paraded through the streets in his underwear. RT posted the above video shortly after the incident, although it is unverified whether or not the man in the video is Paudel. PM Oli’s residence in Bhaktapur was set on fire, as was the residence of President Ram Chandra Paudel. Spectators say that the youth were continuously throwing petrol bombs at the residences as they burned to the ground. Politicians are becoming increasingly concerned over the growing discontent sweeping the world as the cost of living continues to soar. When we examine what has occurred in Nepal, it is not an isolated, random event. Governments are collapsing worldwide due to economic instability. My models have been showing that confidence in governments is collapsing everywhere, from Europe to South America, and Nepal is simply another example of this global trend. Undeterred by police tear gas, rioters breached Nepal’s Parliament building and burned it to the ground. Kathmandu’s Tribhuvan International Airport came to a standstill. The destruction lasted for two days until Oli accepted defeat and allegedly fled the country. Over 90 people have been hospitalized for wounds related to clashes with the police who were far outnumbered by persons and sheer rage. Nepal has always been a buffer state caught between India and China. Every time we see economic decline, corruption, or outside meddling, the population eventually turns against the political class. The overthrow of the Nepalese government is simply part of this larger cycle of anti-establishment movements that will continue to spread. Governments fall when the people no longer believe in their competence to govern. It does not matter if the system is a monarchy, a democracy, or a dictatorship—the cycle remains the same. We are heading into 2032, the culmination of the Economic Confidence Model, which marks a period of rising civil unrest, political fragmentation, and the overthrow of governments globally. Nepal may seem small on the geopolitical map, but its fall is part of the domino effect. From Pakistan to Sri Lanka, from Latin America to Europe, the same pattern is unfolding. The loss of faith in government as an institution has become a worldwide phenomenon and the people are beginning to direct their anger at government rather than against one another.

Economic News

Get the latest global GDP growth forecasts via our daily tracker

Leer en Español Global economy to lose steam this year: The FocusEconomics World GDP Consensus Forecast—based on 3,500 individual projections for GDP growth across 198 countries—shows that the global economy is on track for its slowest growth since the Covid-19 slump of 2020 this year, dragged down by softer expansions in major players like Brazil, Canada, China, Mexico, Russia and the U.S. But the picture isn’t bleak everywhere—Africa and the Middle East are set to accelerate, powered by rising OPEC+ oil output quotas that are giving regional GDP a welcome boost.   Forecasts display U-shaped trend: As the graph below shows, our World GDP Consensus Forecast was slashed in the wake of Donald Trump’s announcement of reciprocal tariffs, but has since recovered somewhat. Economic activity in many parts of the world has proved more resilient than expected, higher tariffs in the U.S. are taking a while to filter through to prices, and the global AI boom is girding tech exports and investment.  G20 countries see divergent trend: The below graph shows the evolution of our 2025 GDP growth forecasts for select G20 countries over the last six months. Argentina has seen the largest upgrade, as the government’s aggressive reform agenda has borne fruit. China’s forecasts have also been upgraded—superficially surprising, given the country has been subjected to hefty new U.S. tariffs. Chinese economic activity has been boosted by record government bond issuance, strong global electronics demand, rapid electric-vehicle-sector growth, export frontloading and rerouting to avoid U.S. tariffs, and an expanded trade-in scheme that boosted household spending. At the other end of the spectrum are the economies of South Korea and Mexico, both of which are likely to suffer fallout from a more protectionist U.S.   Insight from our panelists:  On the outlook for the global economy, EIU analysts said: US trade protectionism is being met mostly with restraint in terms of retaliation, but deep policy uncertainty is moving the global economy into a worse equilibrium. The risk of policy missteps will be high in this environment of rapid change. Although we forecast that global short-term interest rates will continue to fall, the unpredictable application of US tariffs will make it difficult for central banks to decipher inflation trends. Under the second Trump administration, the US is working to rebalance its economic and security relations. The manner in which the agenda is being pursued, however, will strain traditional alliances and drive geopolitical and economic realignment. Conflict risk and geopolitical brinkmanship will be key features of the global landscape, contributing to high risk premia and sustaining the risk of commodity price shocks.  On U.S. trade policy, ING’s Carsten Brzeski said: “Trump is demanding that trading partners show him the money in the form of investment pledges or face astronomically high tariffs. […] It’s unclear whether investment aspects of trade talks will move beyond headline figures and vague commitments. Unlike tariffs, which are straightforward to enforce, investment pledges and purchase commitments are harder to monitor, especially since entities like the EU lack the authority to guarantee them, leaving delivery to corporations. Japan and South Korea’s promises are mainly in the form of loans. This raises questions about how the U.S. might respond if countries fall short. And even with a deal – and I’m looking at you, Switzerland – the tariff issue persists. For Trump, tariffs are a versatile tool, used well beyond trade balance concerns. We can only guess at the long-term implications of such economic power play. Disrupted supply chains, strained diplomatic ties, economic selfishness, and less efficient global trade are just a few things to come to mind.”  Our latest analysis:  Israel’s economy clocked a surprise contraction in Q2.  Japan’s exports worsened again in July.  The post Get the latest global GDP growth forecasts via our daily tracker appeared first on FocusEconomics.

Economic News

Market Talk – September 9, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 184.52 points or -0.42% to 43,459.29 • Shanghai decreased 19.548 points or -0.51% to 3,807.292 • Hang Seng increased 304.22 points or 1.19% to 25,938.13 • ASX 200 decreased 46.10 points or -0.52% to 8,803.50 • SENSEX increased 314.02 points or 0.39% to 81,101.32 • Nifty50 increased 95.45 points or 0.39% to 24,868.60 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.0009 or -0.14% to 0.65888 • NZDUSD decreased 0.00165 or -0.28% to 0.59282 • USDJPY decreased 0.038 or -0.03% to 147.335 • USDCNY increased 0.00003 or 0.00% to 7.12233 The above data was collected around 13:13 EST. Precious Metals: • Gold increased 8.48 USD/t oz. or 0.23% to 3,644.18 • Silver decreased 0.477 USD/t. oz. or -1.16% to 40.862 The above data was collected around 13:16 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 increased 14.55 points or 0.19% to 7,749.39 • FTSE 100 increased 21.09 points or 0.23% to 9,242.53 • DAX 30 decreased 88.68 points or -0.37% to 23,718.45 The major Europe currency markets had a mixed day today: • EURUSD decreased 0.00486 or -0.41% to 1.17197 • GBPUSD decreased 0.00167 or -0.12% to 1.35357 • USDCHF increased 0.00418 or 0.53% to 0.79700 The above data was collected around 13:25 EST. US/AMERICAS: US Market Closings: Dow advanced by 196.39 points (+0.43%) to 45,711.34 S&P 500 advanced by 17.46 points (+0.27%) to 6,512.61 NASDAQ advanced by 80.79 points (+0.37%) to 21,879.49 Russell 2000 declined by 13.07 points (-0.55%) to 2,381.82 Canada Market Closings: TSX Composite advanced by 35.28 points (+0.12%) to 29,063.01 TSX 60 advanced by 2.07 points (+0.12%) to 1,720.48 Brazil Market Closing: Bovespa declined by 173.29 points (-0.12%) to 141,618.29 ENERGY: The oil markets had a mixed day today: • Crude Oil increased 0.672 USD/BBL or 1.08% to 62.932 • Brent increased 0.644 USD/BBL or 0.98% to 66.664 • Natural gas decreased 0.0106 USD/MMBtu or -0.34% to 3.0794 • Gasoline increased 0.0367 USD/GAL or 1.87% to 1.9971 • Heating oil increased 0.0175 USD/GAL or 0.76% to 2.3294 The above data was collected around 13:28 EST. • Top commodity gainers: Gasoline (1.87%), Orange Juice (5.15%), Sugar (1.31%) and Cocoa (1.75%) • Top commodity losers: Feeder Cattle (-2.61%), Live Cattle (-2.42%), Platinum (-1.42%) and Coffee (-1.71%) The above data was collected around 13:34 EST. BONDS: Japan 1.5650% (-0.3bp), US 2’s 3.54% (+0.045%), US 10’s 4.0720% (+2.9bps); US 30’s 4.71 (+0.020%), Bunds 2.6549% (+1.62bp), France 3.4680% (-0.5bp), Italy 3.505% (+0.67bp), Turkey 32.86% (+220bp), Greece 3.352% (+1.9bp), Portugal 3.079% (+1.2bp); Spain 3.239% (+0.8bp) and UK Gilts 4.6250% (+1.63bp) The above data was collected around 13:40 EST.

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