Money versus Monetary Policy

Maryland Sues To Stop DHS From Converting Empty Warehouse Into ICE Facility Authored by Troy Myers via The Epoch Times (emphasis ours), Maryland sued the Trump administration Monday to prevent an Immigration and Customs Enforcement (ICE) detention facility from being built in the state. Work progresses on a new migrant detention facility dubbed "Alligator Alcatraz" at Dade-Collier Training and Transition facility in the Florida Everglades on July 4, 2025. Rebecca Blackwell/AP Photo The lawsuit, filed by Attorney General Anthony Brown, claims the Department of Homeland Security (DHS) and ICE’s January purchase of a...

FAA Greenlights Laser Sentry Guns To Combat Attack Drones In U.S. Airspace The Federal Aviation Administration has given the green light for the U.S. military to deploy high-energy counter-drone laser weapons in U.S. airspace, adding a new, low-cost layer of protection against the rising threat from kamikaze drones. The decision follows a two-month interagency standoff over whether the systems posed a risk to general aviation and commercial aircraft, as well as incidents in Texas earlier this year that briefly led to an airspace closure. FAA Administrator Bryan Bedford was quoted...

Goldman Flags Troubling Mortgage Delinquency Rise Across This U.S. Region Mortgage delinquencies fell slightly in March, with the first-lien delinquency rate declining to 3.35%, down 37 basis points from February, as seasonal factors and tax refunds supported borrowers. The real estate and mortgage industry outlet HousingWire cited Intercontinental Exchange’s May 2026 Mortgage Monitor report, which showed that while the overall mortgage delinquency rate fell in March, there was still concern over serious delinquencies and foreclosures, which are up by 154,000 borrowers from one year ago. The increase was driven mostly by FHA...