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Trump Nominates Stephen Moore To Federal Reserve Board

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WASHINGTON (AP) — President Donald Trump says he will nominate Stephen Moore, a prominent conservative economist, to fill a vacancy on the Federal Reserve’s seven-member board.

Moore served as an economic adviser to Donald Trump during the 2016 presidential campaign, helping to draft Trump’s tax cut plan. There are currently two vacancies on the Fed board.

The president was harshly critical of the Fed’s rate hikes last year and has continued to criticize actions by Fed Chairman Jerome Powell even after the central bank this week announced it expected no rate hikes this year.

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Trump Adviser Rudy Giuliani Captured In Compromising Position With Woman He Was Told Was A Reporter In ‘Borat Subsequent Moviefilm’

The forthcoming “Borat” sequel reportedly features Rudy Giuliani engaging in provocative behavior with a woman he’d been told was a reporter.

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(The Hill) — The forthcoming “Borat” sequel reportedly features Rudy Giuliani engaging in provocative behavior with a woman he’d been told was a reporter.

The adviser to President Trump appears to have unknowingly participated in “Borat Subsequent Moviefilm,” the comedy starring Sacha Baron Cohen that is poised to be released Friday on Amazon Prime Video.

According to multiple reports, Giuliani sits down for an interview at a New York hotel with the character Tutar, Borat’s teenage daughter who’s posing as a TV journalist and was played by 24-year-old actress Maria Bakalova.

The 76-year-old former New York mayor is heard complimenting the supposed reporter and following her to a bedroom, where eventually he stretches out on the bed.

Vanity Fair describes the scene captured on hidden cameras, saying of Giuliani, “His hand is in his pants. Watching it, your brain turns into an exclamation point.”

Cohen, as Borat, then reportedly runs into the hotel room sporting a bikini and exclaiming, “She’s 15. She’s too old for you.”

Giuliani did not respond to The Hill’s request for comment.

He told the New York Post in July that he had agreed to participate in what he believed was an interview about the Trump administration’s COVID-19 response.

“This person comes in yelling and screaming,” Giuliani said of Cohen, “and I thought this must be a scam or a shake-down, so I reported it to the police. He then ran away.”

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US Supreme Court Backs Trump In 7-2 Decision On Deporting Asylum Seekers

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USA Today reports:

The Supreme Court handed a green light Thursday to the Trump administration in its effort to speed up the removal of those seeking asylum. The court ruled that asylum seekers claiming fear of persecution abroad do not have to be given a federal court hearing before quick removal from the United States.

The decision was written by Associate Justice Samuel Alito. Associate Justices Sonia Sotomayor and Elena Kagan dissented.

The case, one of many to come before the high court involving the Trump administration’s crackdown on immigration, concerned Sri Lanka native Vijayakumar Thuraissigiam. He was arrested 25 yards north of the Mexican border and immediately placed in expedited removal proceedings.

Read the US Supreme Court’s ruling in DHS v. Thuraissigiam here or below.

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Another 1.5 Million File For Unemployment As States Continue To Reopen Economies, Totaling 44 Million People Unemployed

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(NPR) — The pain in the job market continues as an additional 1.5 million sought jobless benefits for the first time last week, down 355,000 from the prior week. Continued claims fell by 339,000 to 20.9 million, a sign that more people are returning to work as the economy reopens after pandemic lockdowns.

More than 44 million first-time claims have been filed in the past 12 weeks.

The Federal Reserve is projecting that the unemployment rate will be more than 9% by year end, falling to 6.5% by the end of 2021.

That’s down from last month’s lower-than-expected 13.3% rate but up sharply from a nearly 50-year low of 3.5% earlier this year before the coronavirus crisis shut down much of the economy. Employers added 2.5 million jobs in May, but they slashed 20.7 million just a month earlier.

“The May employment report, of course, was a welcome surprise,” Fed Chairman Jerome Powell said Wednesday. “We hope we get many more like it. But I think we have to be honest. It’s a long road.”

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