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Border Patrol Agents Raid a Home Depot in Northern California

Border Patrol Agents Raid a Home Depot in Northern California

Border Patrol agents conducted an immigration raid on Thursday at a Home Depot parking lot in Sacramento County, in a sign that federal officials are heading deeper into California after focusing on the Los Angeles region in recent weeks.
Gregory K. Bovino, the head of Border Patrol's El Centro region, said in a produced video that federal agents had begun operations in the Sacramento area, and that at least eight people had been arrested for being in the country without authorization. Sacramento is a nearly 600-mile drive northwest of El Centro, Calif., and the border with Mexico.
The raid came nearly a week after a federal judge ordered the Trump administration to stop indiscriminate immigration arrests in the Los Angeles region. The ruling in the Central District of California did not apply to Sacramento.
The edited video, which was overlaid with the song 'Power' by Kanye West, appeared to show people running away from masked federal agents in tactical gear in a Home Depot parking lot.
'Folks, there is no such thing as a sanctuary city,' Mr. Bovino said in the video. 'There's no such thing as a sanctuary state.'
The Department of Homeland Security said in a statement that at least 11 undocumented immigrants had been arrested in the Sacramento area as of Thursday evening. One person, Mr. Bovino said, was arrested on Thursday for impeding or assaulting a federal officer during the raid.
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Heritage Foundation founder Edwin J. Feulner dies at 83
Heritage Foundation founder Edwin J. Feulner dies at 83

Fox News

time30 minutes ago

  • Fox News

Heritage Foundation founder Edwin J. Feulner dies at 83

Edwin J. Feulner, a prominent figure in the American conservative movement and co-founder and former president of the Heritage Foundation, died on Friday at the age of 83. Feulner served as the organization's president from 1977 to 2013 and again from 2017 to 2018. He was well known for transforming the once-obscure think tank into one of the most influential policy powerhouses in Washington, D.C. He was its longest-serving president after helping to create the Washington, D.C.-based think tank in 1973. "Ed Feulner was more than a leader—he was a visionary, a builder, and a patriot of the highest order," Heritage President Kevin Roberts and Board of Trustees Chairman Barb Van Andel-Gaby said in a joint statement. "His unwavering love of country and his determination to safeguard the principles that made America the freest, most prosperous nation in human history shaped every fiber of the conservative movement—and still do." The group had organized Project 2025, a controversial initiative that offered right-wing policy recommendations for the second Trump administration. Feulner co-wrote the initiative's afterward and he and Roberts met with President Donald Trump ahead of last year's election. Feulner was also on Trump's transition team ahead of his first term. Under his leadership, Heritage instituted a new model of conservative policy advocacy. This helped shape Reagan-era reforms and pushed market-based ideas into political mainstream. Feulner has remained active through Project 2025 and a transition plan for a second Trump term which is drawing praise and criticism for its hardline policy proposals. An author of nine books and a former congressional aide, he was also involved in various other conservative organizations. "Whether he was bringing together the various corners of the conservative movement at meetings of the Philadelphia Society, or launching what is now the Heritage Strategy Forum, Ed championed a bold, 'big-tent conservatism,'" Roberts and Andel-Gaby wrote. "He believed in addition, not subtraction. Unity, not uniformity. One of his favorite mantras was 'You win through multiplication and addition, not through division and subtraction.' His legacy is not just the institution he built, but the movement he helped grow—a movement rooted in faith, family, freedom, and the founding. " "His 'Feulnerisms' still resonate in the halls of Heritage—where they will always be remembered. 'People are policy,' for instance— the heartbeat of his mission—to equip, encourage, and elevate a new generation of conservative leaders, not just in Washington, but across this great country," the statement continued. "And we still remember his adjuration to never be complacent or discouraged: 'In Washington, there are no permanent victories and no permanent defeats.'" Roberts and Andel-Gaby vowed to honor Feulner's life by "carrying his mission forward with courage, integrity, and determination." "Thank you for showing us what one faithful, fearless man can do when he refuses to cede ground in the fight for self-governance," the leaders said of Feulner. Heritage did not disclose Feulner's cause of death. Feulner is survived by his wife Lina, as well as their children and grandchildren.

Tether CEO Says He'll Comply With GENIUS to Come to U.S., Circle Says It's Set Now
Tether CEO Says He'll Comply With GENIUS to Come to U.S., Circle Says It's Set Now

Yahoo

time38 minutes ago

  • Yahoo

Tether CEO Says He'll Comply With GENIUS to Come to U.S., Circle Says It's Set Now

In the minutes after President Donald Trump signed a bill that joins the crypto world's stablecoins to the U.S. financial system, two of the chief stablecoin architects made the case in the Washington summer heat outside the White House that their companies are ready to embrace the new law. Before he'd signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law after it swept through both chambers of Congress with major bipartisan votes, Trump basked in cheers and thanked several industry leaders in the East Room audience, including Tether CEO Paulo Ardoino, Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong. Outside, the executives talked about next steps. Ardoino amplified his plans for moving some of his global business into the U.S., where he said the focus will be on institutional users for a new token, but he added that he also intends to have Tether's stablecoin powerhouse USDT comply with the GENIUS Act as a foreign issuer. That'll mean a new auditing regime and changes to the vast reserves the company already maintains, which he says will require "an adjustment" but noted — with a smile — that his company "made $13 billion in profits" last year and will be able to manage it. "Tether will comply with the GENIUS Act," he said, adding that the company will get to work now meeting the foreign-issuer standards. He said Tether has three years to work on getting into the U.S., and the company intends to manage two different versions of its stablecoins domestically — a jurisdiction it currently steers clear of. The U.S.-centric coin — a second flavor of Tether that hasn't yet been hatched — is envisioned as serving a very different purpose. "Institutions are used to super efficient markets, and they will count the single basis point; and so, for that reason, we need to build something that is proper for this new market," he told CoinDesk in the interview. The product built for those institutions will "focus on payments and high, high, high efficiency." Circle's Allaire For Circle — a public company based in the U.S. — CEO Allaire said that the GENIUS Act "really enshrines into law Circle's way of doing business." "We have always been trusted, transparent; we've been publicly audited for five years," he said. But he noted that the U.S. landscape for stablecoins has already been rapidly changing in anticipation of the new law, with "major technology companies, major commerce firms, financial institutions" lining up to participate, which he said he welcomes. "Once you have that federal law, it really is a green light to all these types of institutions to know that they can depend on this technology, build on this technology, integrated into how they store and move money into other innovations that can be done with smart contracts and programabilities," Allaire said. To do business in the U.S., the GENIUS Act demands that extremely limited, highly liquid assets — mostly U.S. Treasuries — will back issuers' coins dollar-for-dollar, and it requires a stringent auditing process to constantly ensure that the assets are there. Tether's Ardoino said his company's new chief financial officer, Simon McWilliams, "started to work" to land a "Big Four" audit firm — one of the global leaders in financial auditing — which has only been a possibility because of the recent support from the Trump administration. His company has a special relationship with the administration, too, in which the former CEO of Tether's chief U.S. reserves manager, Cantor Fitzgerald, is Trump's secretary of commerce, Howard Lutnick. Ardoino's appearance at the White House and direct thanks from the president is a sharp reversal of Tether's U.S. history, in which it settled investigations with the U.S. Commodity Futures Trading Commission and New York Department of Financial Services. But past reports that the company remained under further U.S. investigation never developed into actions against the company or its officers. Trump boasted repeatedly on Friday that he dug the crypto industry out of legal trouble with his predecessor's administration. Coinbase's Armstrong A company that's developed into a lobbying and political giant in Washington in a short period, Coinbase, was represented in Trump's front row at the White House event, and CEO Brian Armstrong called the new law the "beginning of a big financial revolution in the U.S." Armstrong has spent a lot of time and effort, though, on the next major legislation pursued by the industry: a bill that sets regulations for crypto markets in the U.S. "One down; one to go," he said. "We've got to get the market structure bill through, as well. Seven percent of crypto market cap is stabecoins, so that's a very important first step. The other 93% is going to be addressed by that market structure bill." In the minutes before passing the GENIUS Act, the House of Representatives also voted 294-134 to send its market structure legislation known as the Digital Asset Market Clarity Act to the Senate with a resounding bipartisan result. Armstrong's company has been one of the primary backers of political action committee Fairshake, a towering super PAC that's spent incredible amounts of money congressional races, supporting candidates who commit to pro-crypto legislation. After success in dozens of races last year, Coinbase's largesse continued with another recent $25 million addition that brought Fairshake's war chest to $141 million well before the genuine start of next year's races. "We feel like it's important to stand up for our customers' rights, and the job's not done yet," he said. Even after the market structure bill, he said, "I'm sure there'll be other things that come up in the future." Armstrong said that Trump's chief crypto adviser, David Sacks, has assured the industry that he's serious about a recently discussed deadline for the next congressional effort: September 30. For his part, President Trump talked about the GENIUS Act as if he'd already accomplished the monumental task of lifting U.S. crypto into place to modernize the financial system. "Under this bill, the entire ancient system will be eligible for a 21st Century upgrade, using the state-of-the-art crypto technology," the president said before sitting at a table to sign the bill, mobbed by Republican lawmakers and crypto executives. "Tomorrow is a new day, a new era," Ardoino said after the event. "We are very proud to be here and to be called out directly from the president, because it is the testament of all the good work that our team has done for the last years."Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Milwaukee's largest office to housing conversion to get city cash--in return for lower rents
Milwaukee's largest office to housing conversion to get city cash--in return for lower rents

Yahoo

time38 minutes ago

  • Yahoo

Milwaukee's largest office to housing conversion to get city cash--in return for lower rents

Milwaukee's largest conversion of an office building to housing would get city financing help − in return for setting aside some apartments at lower rents, under a plan that's won an initial city approval. The underused 100 East office tower's redevelopment would create 373 apartments by early 2028. That includes 75 "workforce housing" apartments with rents affordable to people earning no higher than the Milwaukee area's median income. Those monthly rents would initially be just over $1,900 for a studio and nearly $2,100 for a one-bedroom unit. Mayor Cavalier Johnson's Department of City Development is proposing tax incremental financing of $14.4 million for the $165 million project. That plan, endorsed by the Redevelopment Authority board on July 17, would use property tax revenue generated by the apartments to pay for part of the construction costs. The proposal is to undergo Common Council review in September, and renovations could begin in October. 100 East's conversion is being led by Klein Development Inc. and investor/developer John Vassallo. Their investment group bought the 35-story building, 100 E. Wisconsin Ave., in 2023 for $28.75 million. The financing plan's supporters include Alderman Robert Bauman, whose district includes downtown. 100 East would be the first workforce housing development to receive such financing under the city's new policy, Development Commissioner Lafayette Crump told authority board members. The Department of City Development defines workforce housing as apartments for people earning up to to 100% of the Milwaukee area median income. That amounts to $77,500 for an individual, or $110,700 for a family of four, according to updated federal guidelines. Workforce housing typically targets people who earn too much to qualify for tax credit-financed apartments with below-market rents, but still have trouble finding affordable market-rate units. Developers say inflated construction costs and higher loan interest rates have made it difficult to build such apartments without city help. Meanwhile, a new study from Moody's Analytics Inc. says the nationwide housing shortage is worse among rentals than home to purchase. That study recommends a focus on improving the housing supply "in modest- and middle-income communities." "With subsidies already providing some support for housing in low-income communities and the market in most places adequately serving upper-income communities, those in between are falling through the cracks," the study said. The 100 East development also would convert a nearly-vacant office building, with a $27 million assessed value, into one of downtown's largest apartment communities with an estimated $120 million value, Crump said. The city financing plan calls for annual payments to the developers from the project's property tax revenue. Those payments would stop after 16 years, Crump said, with the tax revenue then flowing to the city, Milwaukee Public Schools and other local governments. The financing package includes federal and state historic preservation tax credits, and a commercial loan with a guarantee from the U.S. Department of Housing and Urban Development − a program also used for The Couture high-rise. Tom Daykin can be emailed at tdaykin@ and followed on Instagram, Bluesky, X and article originally appeared on Milwaukee Journal Sentinel: 100 East conversion to housing to get city financing--for lower rents

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