Morning Wire Evening Wire: Pot Farm ICE Raids & Merit-Based Investing | 7.11.25
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Jul 11, 2025 Chaos erupts in Southern California as medical workers confront ICE raids, revealing deep tensions around immigration. Meanwhile, the federal workforce braces for mass layoffs, creating anxiety for families. In the financial realm, a new index fund emerges, prioritizing merit-based investments, challenging traditional hiring practices. The podcast also tackles critiques of lavish Federal Reserve renovations and highlights recent corporate acquisitions, shedding light on the intertwining of politics, economy, and culture.
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ICE Arrest Blocked by Medical Staff
- California medical workers interfered with ICE agents trying to arrest a Honduran landscaper.
- They locked doors and called 911 to report a kidnapping, but the man was later arrested.
SoCal Marijuana Farm ICE Raid
- Federal agents raided two marijuana farms in Southern California, arresting dozens of undocumented workers.
- Protesters caused chaos, tear gas was deployed, and a suspect fired a gun at agents.
Merit-Based Investment Fund Launched
- An index fund will invest solely in companies that hire based on merit, opposing DEI quotas.
- Studies show companies with DEI hiring targets underperformed the S&P by 19 percentage points over two years.