Mar 6, 2019

Another federal judge blocks 2020 census citizenship question

Commerce Secretary Wilbur Ross and President Donald Trump. Photo: Mark Wilson/Getty Images

U.S. District Judge Richard Seeborg in San Francisco on Wednesday became the second federal judge to block the Trump administration's plan to include a citizenship status question on the 2020 census, a controversial request that has triggered a slew of court challenges.

Details: Seeborg wrote that adding the question to the decennial census, which is used to apportion congressional seats, is "quite effective at depressing self-response rates among immigrants" and that it "poses a significant risk of distorting" congressional representation among the states. The Supreme Court is set to hold a hearing on April 23 to review the government's appeal of a New York federal judge's decision in January to eliminate the question.

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Investment pros are selling while mom and pop buy the coronavirus dip

Illustration: Aïda Amer/Axios

As traders around the globe have frantically unloaded positions in recent weeks, so-called mom and pop retail investors have kept level heads and not sold out of stocks.

What they're saying: In fact, "the typical trader is buying equities on the dips," passive investment firm Vanguard notes in a research paper, adding that "older, wealthier traders are moving modestly to fixed income."

Zuckerberg: "Local journalism is incredibly important" to fighting coronavirus

Photo: Sven Hoppe/picture alliance via Getty Images

Mark Zuckerberg, signaling his personal involvement in a new Facebook commitment of $100 million to bolstering local journalism, told me that "very local work" is vital to his big mission of bringing the world closer together.

What he's saying: "Everyone believes that local journalism is incredibly important," Zuckerberg told Axios in a phone interview. "But everyone is connected to their local [outlets]. Figuring out how to make an impact, and support local journalism broadly and at scale, has been a challenge."

Facebook spending $100 million to help news outlets in coronavirus crisis

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.