Welcome to America’s Newsletter from Tag The Flag, the best morning newsletter on the internet, bringing you nonpartisan news and every view of the Red, White, and Blue. Here’s what you need to know to start your day.
📌 BULLETIN BOARD
For its 110th anniversary, Bugatti has created a jet black rocket it hails as the most expensive car of all time. It costs $12.5 million. Casual.
🦅 U.S. NEWS
Border at ‘Breaking Point’ as More than 76,000 Migrants Cross in a Month
For the fourth time in five months, the number of migrant families crossing the southwest border has broken records, border enforcement authorities said Tuesday, warning that government facilities are full and agents are overwhelmed. By the numbers: More than 76,000 migrants crossed the border without authorization in February, more than double the levels from the same period last year and approaching the largest numbers seen in any February in the last 12 years. – New York Times
Drugs, sex, and alcohol are losing their appeal for American teens
Teens in American high schools aren’t drinking, dealing drugs or having sex nearly as much as their parents’ generation. Why it matters: Teen angst looks a lot different today than it did in the ’90s — in some cases for the better. Smaller family sizes, the internet boom and a spike in youth anxiety have all played a role, according to researchers. The big picture: We’re living longer, and young people are growing up more slowly these days. They’re delaying the responsible things, too: driving, jobs, dating, marriage, babies. – Axios
U.S. Budget Deficit Widens 77 Percent
The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year. Why it matters: this underscores the revenue hit from Republican tax cuts and an increase in government spending. By the numbers: The budget gap widened 77 percent compared with the same October-January period a year earlier. Big Picture: The financial shortfall is set to widen further in the coming years as the Republican tax cut package, which costs about $1.5 trillion over a decade, and increased spending for defense and other priorities boost government outlays. Related: With that said, “Debt is suddenly hot“. – Bloomberg
Terrorism investigation launched after explosive devices found near London’s Heathrow and City airports and at Waterloo Station
Counterterrorism police in the United Kingdom are investigating three packages containing explosives that were discovered Tuesday near three major transportation hubs in London: Heathrow Airport, London City Airport, and Waterloo Station. The Metropolitan Police Service’s Counter Terrorism Command said the “small improvised explosive devices,” which were found inside small postal bags, “appear capable of igniting an initially small fire when opened.” As of now, no one has been injured by the devices. – Vox
500 ISIS fighters surrender in group’s last Syrian enclave
Some 500 ISIS fighters surrendered to US-backed Syrian Democratic Forces on Tuesday, amid the final push to wrest the jihadist group from Baghouz, its last remaining enclave in eastern Syria. Big picture: more than 6,000 people have fled or left Baghouz within the past 48 hours and more are expected to arrive to the reception areas. Several hundred U.S. troops will remain in Syria though they will be not as engaged in military operations. – CNN / Fox News
US to end preferential trade status for India, Turkey
At President Donald Trump’s direction, the United States intends to scrap the preferential trade status granted to India and Turkey, the US trade chief’s office has said. In a letter to Congress, Trump signaled his intent to remove India from a program that gives developing countries easier access to US markets. The Indian government “has not assured the United States that it will provide equitable and reasonable access to the markets of India,” the letter said. Context: The notice comes just weeks before Indian Prime Minister Narendra Modi faces a general election. – Al Jazeera / NPR
GE shares tumble as CEO Culp says cash flow will be negative in 2019, power unit to struggle more
General Electric CEO Larry Culp said at a J.P. Morgan conference on Tuesday that the company’s industrial free cash flow “in 2019 will be negative.” Why it matters: GE’s industrial free cash flow is a key measure watched by investors and GE shares closed down 4.7 percent at $9.89 after Culp’s comment. Defined: Free cash flow is a financial term defined as money left over after a company pays for operating expenses and capital spending and is often used as a gauge of efficiency. Connect the dots to our newsletter at the end of February: GE Exits Biotech to Lower Its Debt. – CNBC
3 get prison in college basketball recruiting scandal
A former Adidas executive and two others who paid families to persuade top college basketball recruits to play for schools sponsored by the shoe brand were sentenced to prison Tuesday. Why it matters: the decision was given by a judge who said he wanted to send a “great big warning light to the basketball world.” Background: Former Adidas executive James Gatto, business manager Christian Dawkins and Merl Code, a former Adidas consultant, were convicted in October of conspiracy to commit wire fraud for funneling illegal payments to families of recruits to Louisville, Kansas and North Carolina State. – AP
In its annual wage-equity study, Google found that more men were underpaid than women
In its annual study to understand if women are getting paid less to perform the same job as their male colleagues, Google found something it didn’t expect — men were the ones getting underpaid. Google’s findings have forced the company to reconsider more of its human resource policies outside of pay, with the company also saying that it paid out $9.7 million total this year in salary adjustments. – Business Insider
🤝 PRESENTED BY: GRACE ALLEY
Sunday was National Anthem Day which means that 88 years ago, President Herbert Hoover signed a bill to make the “Star Spangled Banner” the official national anthem for the U.S. on March 3, 1931. With that said, we’ll be featuring Grace Alley’s 100% American Made Flags on our newsletter all week. They’ve been reviewed over 10,000 times on Amazon and come with a “1 Year No Questions Asked Warranty.” Last but not least, if you buy this Flag and Tag it, we’ll send you some unreleased Flag Swag.
ON THIS DAY IN HISTORY
1820: Monroe signs the Missouri Compromise
On this day in 1820, President James Monroe signs the Missouri Compromise, also known as the Compromise Bill of 1820, into law. The bill attempted to equalize the number of slave-holding states and free states in the country, allowing Missouri into the Union as a slave state while Maine joined as a free state.
Speaking of Missouri: when his eight years as President of the United States ended on January 20, 1953, private citizen Harry Truman took the train home to Independence, Missouri, mingling with other passengers along the way. He had no secret service protection. His only income was an Army pension.
How many Flags can you spot in yesterday’s top tag?