BNY CEO Robin Vince discussed the potential of a recession, highlighting the uncertainty in the current environment due to worrying leading indicators like airline price cuts reflecting decreased consumer and CEO confidence. Vince emphasized the impact of sentiment on economic stability, predicting a convergence of trends around growth and confidence, with a medium-term outlook suggesting potential economic slowdown during a 90-day period of uncertainty and action.
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ICE partnerships with local law enforcement triple as Trump continues deportation crackdown
As President Trump pursues what he calls "the largest mass deportation in history," U.S. Immigration and Customs Enforcement (ICE) has significantly expanded the 287(g) program, which allows local law enforcement to enforce immigration laws. By April 17, 2024, there were 456 active agreements, a threefold increase since December 2024, with many local agencies in Florida participating due to a state law mandating compliance. The program has faced criticism for potential racial profiling, with some jurisdictions...
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