Reuters: U.S.

Thursday, March 30, 2017

Bathroom backpedal

Thursday, March 30, 2017
Congrats, America. You're officially living in a "normal" economy again (at least that's what the Fed says). Here's what else you need to know to
Get Up to Speed and Out the Door.

By Doug Criss.

1. N.C. bathroom law

A deal has been reached to repeal North Carolina's controversial "bathroom bill," but not everybody's happy about it. The law, passed last year, forbids transgender people from using the bathroom they identify with. A series of votes to repeal the law starts this morning. LGBT groups don't like the deal because it leaves bathroom regulations under state control and bans cities from passing their own anti-discrimination laws until 2020. Backlash against the law has cost North Carolina millions as businesses, entertainers and sports leagues have boycotted the state.

2. Travel ban

President Trump's travel ban just took another hit. A federal judge in Hawaii indefinitely blocked the executive order that bans from the US most travelers from six Muslim-majority countries. But wait, wasn't it already blocked? Yes, the same judge did that two weeks ago. But Hawaii wanted a longer-term halt while its lawsuit against the ban works its way through the courts. The judge granted that. The Justice Department may now immediately appeal to the 9th Circuit Court of Appeals, where some judges have signaled support for the ban.

3. Brexit

The ink's not even dry on these divorce papers and already there's drama. British Prime Minister Theresa May has been accused of using security as a bargaining chip as the EU and UK hammer out Brexit. In the letter sent to the EU notifying it that the UK was leaving, May said that if a deal couldn't be reached, it would affect the continent's security. Critics called that "shameful" and "blackmail"; May said security was one of many things that would need to be negotiated with the rest of Europe over the next couple of years.

4. Economy

We're back to normal. So says John Williams, the head of the Federal Reserve Bank of San Francisco. Williams said the US has finally "attained the hard-sought recovery we've been after for the past nine years." The Fed thinks we're now in a normal economy because unemployment -- which peaked at 10% during the Great Recession -- is now at 4.7%, which is considered full employment. Also, inflation is near the Fed's goal of 2%. So here's the new goal for the new normal: sustain the recovery and rev up US economic growth.

5. Deadly bus crash

Here's a real tragedy coming out of Texas' Hill Country. Thirteen people in a minibus were killed in a collision with a pickup truck. The folks in the bus were church members returning from a retreat. Two people were injured, including the driver of the truck. Counselors will be on hand today at the church.
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