The Justice Department’s demands for admissions-related data from Stanford, Ohio State and the University of California, San Diego, represent a flex of federal power.
Hundreds of immigrants have been arrested at immigration courthouses. It is unclear whether the federal government's admission could lead to some of those arrests being overturned.
The Middle East conflict wiped out what would have been a modest upgrade to global growth and a stable inflation picture. - That has been replaced with a fresh warning about soaring energy costs and U.S. prices, which are projected to run far hotter than expected. Why it matters: What was a more manageable inflation story now looks like a pressure test for central banks that may need to raise interest rates — or hold off on further cuts — even as growth weakens. - Governments already carrying huge debt loads might need to spend more to cushion the blow for households. What they're saying: "The energy price surge and the unpredictable nature of the evolving conflict in the Middle East will raise costs and lower demand, offsetting…