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
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🦅 U.S. NEWS
California vs. Trump, Again
California Gov. Gavin Newsom signed legislation Tuesday requiring President Donald Trump to publicly release his tax returns before he can appear on the state’s primary ballot in 2020. Details: The bill, known as the “Presidential Tax Transparency and Accountability Act,” would also apply to gubernatorial candidates and requires the release of tax returns for the most recent five years. The law is likely to be challenged in court. Moreover, it may backfire, helping to galvanize republican voters at the prospect of their candidate being removed from the ballot. What to watch: Newsom has also handed Trump a terrific talking point: Trump can now say, truthfully, that California is attempting to rig the election against him. – Fox News / Sac Bee
Housing Hiccups Hit the Heartland
Low mortgage rates and thriving employment should be the recipe for a strong housing market. Instead, they’re deepening America’s affordability crisis, Bloomberg writes. What began on the coasts, in areas like New York and San Francisco, is now radiating into the nation’s heartland, as well as to cities from Las Vegas to Charleston, South Carolina. Entry-level buyers are scrambling to purchase homes that are in short supply, sending values soaring. The prices have risen so much faster than wages that many can’t afford the purchase, leaving the homes sitting unsold. Why it matters: What was once a West Coast phenomenon is reaching into a part of the U.S. that has traditionally been more affordable. – Bloomberg
The New College Scandal: Wealthy parents giving up guardianship of their kids to qualify for financial aid
The Department of Education is looking into a practice in Illinois whereby wealthy parents of college-bound students have transferred their guardianships to others, in order for their child to receive more financial aid, according to reports. The strategy, which is legal, means that when the teens apply for college — only their earnings and not that of their family is taken into consideration, increasing their eligibility for aid. Colleges and universities are also investigating the practice, known as opportunity hoarding. – NBC News
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🌎 WORLD NEWS
North Korea Conducts Second Weapons Test in Under a Week
North Korea fired multiple projectiles off the country’s east coast early Wednesday morning, South Korea’s military said. Why it matters: The latest turn of events comes less than a week after North Korea test-fired two new short-range ballistic missiles, the first missile test since North Korean leader Kim Jong Un and President Donald Trump agreed to revive denuclearization talks last month. Zoom out: Since 2011, Kim has fired more than 90 missiles and had four nuclear weapons tests, which is more than what his father, Kim Jong Il, and grandfather, Kim Il Sung, launched over a period of 27 years. – CNBC
New UN Report & Afghanistan Peace Talks
A United Nations report found that allied forces have killed more Afghan civilians this year than the Taliban or other insurgents. America’s ground troops are no longer active in Afghanistan, but it supports the Afghan army with airstrikes. The UN says 403 civilians were killed by Afghan forces, 314 by international forces and 531 by insurgents. Be Smart: The ongoing negotiations between the U.S. and the Taliban are a “charade” designed simply to provide the U.S. a “face-saving way out of Afghanistan,” former CIA deputy director Michael Morell told Axios. Here’s why. – Axios / BBC
Mexico says migrant numbers at US border down 40% since May
The number of migrants reaching Mexico’s border with the United States has fallen almost 40% since May, the Mexican government said on Tuesday, seeking to defuse tensions with U.S. President Donald Trump over a recent surge in migration. Background: A jump in migrant apprehensions on the U.S. southwest border during the first few months of 2019 prompted Trump on May 30 to threaten tariffs on all Mexican exports to the United States if Mexico did not contain the flow of people. Be Smart: the decrease in migrants is due in part to the hot summer months, traditionally a time when fewer people attempt to cross. – Reuters
All in a Day’s Work: Apple earnings; Trade talks; Capital One hack
What a day it was on Wall Street yesterday. Three stories, in particular, dominated the headlines. In no particular order, let’s start with Apple: Apple’s revenue rose as the tech giant offset a decline in iPhone sales with growth in other areas. Shares rose 4% after hours. Meanwhile, President Trump stepped up pressure on China to reach a trade deal: Chinese and U.S. negotiators resumed trade talks, taking tentative steps to overcome mutual mistrust and limited political appetite for a breakthrough agreement after weeks of recriminations. Last but not least a data breach at Capital One impacted more than 100 million customers. Why it matters: the breach at a top proponent of cloud computing could reignite debate among financial institutions about using such outside vendors. Right now the suspect is a 33-year-old woman who used to work for Amazon. See her profile. – WSJ (subscription)
USWNT’s Ellis stepping down after victory tour
National team coach Jill Ellis is stepping down after leading the United States to back-to-back Women’s World Cup titles. Ellis has been coach of the team since 2014 and has led it to eight overall tournament titles, including victories at the World Cup in 2015 in Canada and earlier this month in France. Why it matters: The top-ranked U.S. team has been dominant overall during Ellis’ tenure. The World Cup title in 2015 was the team’s first since winning in 1999. Overall, the team has won soccer’s most prestigious tournament four times. – ESPN
Thank You, Next: Endless Scrolling
US Senator Josh Hawley (R-MO) has introduced a new bill intended to regulate the way that users interact with social media. Details: The Social Media Addiction Reduction Technology Act would prevent social media platforms like Facebook, YouTube, Twitter, or Snapchat from using features that automatically generate an endless stream of content. Why it matters: Earlier this year The Verge reported that, if left untouched, watching certain children shows would lead users to multiple videos featuring moments of children involving nudity or other compromising activities that could be deemed as sexual. Big Picture: it’s the latest in a series of proposed legislation aimed at major tech companies. – Business Insider / The Verge
📅 ON THIS DAY IN HISTORY
1964: Ranger 7 photographs moon
Ranger 7, an unmanned U.S. lunar probe, takes the first close-up images of the moon—4,308 in total—before it impacts with the lunar surface northwest of the Sea of Clouds. Why it matters: the images were 1,000 times as clear as anything ever seen through earth-bound telescopes.
🇺🇸 TOP TAGS
Canadian election campaigns average just 50 days. In France, candidates have just two weeks to campaign, while Japanese law restricts campaigns to a meager 12 days. This begs the question:
How did the U.S. presidential campaign get to be so long?