Sightings

Stanford scholars predict that President Trump's new immigration order will still meet with legal questions in the courts. His first executive order on immigration in January was thwarted by a three-judge panel of the US Ninth Circuit Court of Appeals, which unanimously ruled that the initial order offered "no evidence that any alien from any of the countries named in the Order has perpetrated a terrorist attack in the United States." The main purpose of the new order was to modify the original order in ways that would make it acceptable to the courts – notably by exempting holders of green cards and valid visas and by removing the original priority given to "religious minorities." more »

Elaine writes: To ease a potential departure from a city I have lived in nearly my entire life, and from dear friends and relatives, I'm considering the move a gift and opportunity which I never got with Min — to assure there are no scenes or stings left over from my daughters' childhoods that they lug, or drop on a therapist's couch. And although I believe, and you likely do, too, that my daughters and I have an enviable and uncommon bond, do we really know their truths? more »

Chairman Yellen: The economy has essentially met the employment portion of our mandate and inflation is moving closer to our 2 percent objective. This outcome suggests that our goal-focused, outlook-dependent approach to scaling back accommodation over the past couple of years has served the US economy well... Indeed, at our meeting later this month, the Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate. more »

Findings from the TCRS national survey of working women highlight that few have a high level of confidence about their future retirement. Only one in ten are “very confident” that they will be able to retire comfortably. At the same time, more than half are “guessing” at the amount they will need to save in order to feel secure in retirement. Household retirement savings is $34,000 (estimated median) and more than two-thirds indicate that they have no plan if forced into retirement sooner than expected. more »