A massive power outage in south Brooklyn on one of the hottest nights of the year
Chinese investment in the U.S. is a fraction of what it was pre-Trump
The falloff, which is being felt broadly across the economy, stems from tougher regulatory scrutiny in the United States and a less hospitable climate toward Chinese investment, as well Beijing’s tightened limits on foreign spending. It is affecting a range of industries including Silicon Valley start-ups, the Manhattan real estate market and state governments that spent years wooing Chinese investment, underscoring how the world’s two largest economies are beginning to decouple after years of increasing integration. …
Chinese foreign direct investment in the United States fell to $5.4 billion in 2018 from a peak of $46.5 billion in 2016, a drop of 88 percent, according to data from Rhodium Group, an economic research firm. Preliminary figures through April of this year, which account for investments by mainland Chinese companies, suggested only a modest uptick from last year, with transactions valued at $2.8 billion. …
A confluence of forces appear to be at play. A slowing economy and stricter capital controls in China have made it more difficult for Chinese investors to buy American, according to trade and mergers and acquisitions advisers. Mr. Trump’s penchant for imposing punishing tariffs on Chinese goods and an increasingly powerful regulatory group that is heavily scrutinizing foreign investment, particularly involving Chinese investors, have also spooked businesses in both countries.
It’s only gotten worse
Federal inspectors visiting a California migrant detention center made a shocking discovery last year: Detainees had made nooses from bedsheets in 15 of 20 cells in the facility they visited.
The inspection revealed the extent of a largely unseen mental health crisis within the growing population of migrants who are being held in detention centers in border states. President Donald Trump’s 2017 decision to reverse a policy that encouraged releasing vulnerable individuals while they await deportation hearings has left U.S. Immigration and Customs Enforcement unequipped to deal with conditions ranging from anxiety to schizophrenia.
One estimate puts the number of detainees with mental illnesses between 3,000 and 6,000. Some advocates and lawyers who work with migrants in the facilities say it’s probably more. Many of the migrants with mental illness are not stable enough to participate in their own legal proceedings, so they languish in detention. While treatment of immigrants has become an explosive national issue, the plight of mentally ill migrants has scarcely registered. …
Only 21 of the 230 ICE detention facilities offering any kind of in-person mental health services from the agency’s medical staff, according to a 2016 agency oversight report. ICE is ill-equipped to screen and treat a detainee population that’s grown more than 50 percent since 2016, to nearly 53,000.
Iran reportedly takes another ship
Michelle Obama with an obvious critique of Trump
We’re on day six of this news cycle now
He maaaay have a point on this one
Iran doesn’t seem particularly interested in tamping down tensions
Iran’s Revolutionary Guard says it has seized a British oil tanker that was passing through the Strait of Hormuz.
The IRGC’s website, sepahnews.com, says the tanker “Impero Stena” was seized Friday by IRGC forces for “non-compliance with international maritime laws and regulations” and has transferred the vessel to an Iranian port.
The report did not elaborate what port it was transferred to.
Wow, who saw this one coming??
These two may get along famously
A bad piece of news for Obamacare
A federal judge on Friday upheld the Trump administration’s expansion of health insurance plans that don’t meet ObamaCare’s coverage requirements.
U.S. District Judge Richard Leon in Washington ruled against the insurance companies who sued the administration in an attempt to block the rules.
“Not only is any potential negative impact from the 2018 rule minimal, but its benefits are undeniable,” Leon wrote in his ruling about the regulations.
The plans aims to “minimize the harm and expense” for individuals who might otherwise decide not to purchase insurance because of high premiums,” Leon says.
National survey shows Biden with a considerable but not commanding lead