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Today's Summary

the effective federal funds rate shows the rate cuts that the 10-year yield has been blowing off. trump and company have doubts that she should be a citizen.hardline progressives have essentially allied themselves to an old-money NIMBY gentry that wants to keep cities frozen in amber with development restrictions. in the past year, San Francisco has shown the nation a way out of the old urban dysfunction that progressive cities have been struggling with for a decade and a half. the company announced a major balance sheet restructuring on friday.