Rulings Order Abrego Garcia’s Release and Guard Against Hasty Deportation
The convergence of the two judicial rulings, which came within minutes of each other, meant that Kilmar Armando Abrego Garcia could soon be released and return to Maryland.
House Panel Votes to Subpoena Justice Dept. for Epstein Files
Three Republicans joined with five Democrats to support the motion.
Africa to be hit hard as UK foreign aid cuts revealed
A Foreign Office report shows the biggest cuts will come in Africa with less spent on women’s health and water sanitation.
Apology for S Korean woman convicted of biting man’s tongue as he attacked her
Choi Mal-ja, now 78, has campaigned for years to overturn her sentence, after she was attacked when she was 18.
Gazans ‘wasting away’ as mass starvation spreads, humanitarian groups warn
A joint statement says the Israeli government’s “siege” has left aid supplies “totally depleted”.
LA under Occupation: Macro Indicators for California
On June 7, President Trump federalized the California National Guard and deployed troops to LA. This followed instances of aggressively conducted ICE raids against various establishments. Economic activity declined in both LA and rural areas engaged in agriculture. Here are some aggregate indicators for California. Figure 1: California private nonfarm payroll employment (blue), manufacturing (green), and coincident index (tan), all in logs, 2025M05=0. Source: BLS via FRED, BLS, Philadelphia Fed, and author’s calculations. Private NFP declined in June. The coincident index (released today) exhibits a sharp break in June. Finally, manufacturing employment shrinkage accelerated in June. One might not think of manufacturing as a big employer of undocumented immigrants, but in fact the deportation/removal policy will impact this sector tremendously. Notice that given the federalized National Guard deployment is not yet over, and ICE raids continue, it’s likely that we will see more effects in the July statistics. Income statistics will show impacts later on. We have some estimates on the impact in the agricultural sector from Farmonaut (undated). Source: Farmonaut (undated). Without knowing the exact sources, it’s difficult to assess the plausibility of these estimates. But it can’t be a positive economic impact.
Chipotle sales slip as inflation drives belt-tightening in US
New menu items help to slightly boost growth in foot traffic during the second quarter
UK-India trade deal to be signed by Starmer and Modi
Tariffs on more than 90% of British exports to Asian country will be cut, including cosmetics, clothes, food and drink
FirstFT: US and EU near a trade deal
Also in today’s newsletter, India-UK trade deal set for signing, and Tesla profits slump on worsening EV sales
Big US toymakers seek to diversify away from China as tariffs bite
Uncertainty around levies weigh on Mattel and Hasbro