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Three months ago, President Obama blasted Republicans and promised executive action on immigration reform, and the message has been “it’s coming.” But now he says the politics have changed, and the “action” has been postponed until after November’s elections. Disappointment is turning to anger for millions of Latinos and othersincluding potential voters this year and in 2016. What would “executive action” be? Would the political consequences have been more damaging than the backlash from a broken promise?

Also, the US prepares to take action against the Islamic State, and Wall Street goes gaga for China's Alibaba.

Banner Image Credit: Pete Souza

US Lays Diplomatic Groundwork for Action Against Islamic State 6 MIN, 30 SEC

The world is waiting for tonight’s speech by President Obama on his strategy for a new coalition against the extremist Islamic State. Much will depend on Iraq’s new government and in Baghdad today, Secretary of State John Kerry met with the Shiite prime minister, the Kurdish president and the Sunni speaker of Parliament. Ned Parker is Baghdad Bureau Chief for the Reuters News Service.

Ned Parker, Reuters News Service (@nedmparker1)

Will Obama’s Immigration Reform Delay Pay Off… and For Whom? 34 MIN, 25 SEC

Less than three months ago, in a speech from the Rose Garden, President Obama made a promise about immigration reform, stating "I’m beginning a new effort to fix as much of our immigration system as I can on my own, without Congress."

Then came tens of thousands of Central American children to America’s southern borders. This past weekend, Obama said the following on NBC's Meet The Press: “The truth of the matter is that the politics did shift midsummer because of that problem. I want to spend some time, even as we’re getting all our ducks in a row for the executive action, I also want to make sure that the public understands why we’re doing this, why it’s the right thing for the American people, why it’s the right thing for the American economy.” The underlying message is that promised executive action on immigration reform will now be postponed until after the mid-term elections.

Laura Meckler, Wall Street Journal (@laurameckler)
Marielena Hincapié, National Immigration Law Center (@MarielenaNILC)
Manu Raju, Politico (@mkraju)
Matt Barreto, Latino Decisions / UCLA (@LatinoDecisions)

Obama Delays Executive Action on Immigration Until After Elections
“No Backbone”: Activists Bitterly Disappointed With Obama, Dems After Delay On Slowing Deportations
Immigration gamble: Will it work?
Why putting off immigration reform won’t make it any easier
Why House Deportation Vote Won’t Hurt the G.O.P.
Did Dems miss an opportunity for Latino mobilization?

Alibaba’s Wooing of Wall Street 9 MIN, 5 SEC

Fifteen years ago, Jack Ma—the founder of China’s Alibaba—was laughed out of Wall Street. Now the world’s biggest investors are clamoring for a piece of what could be the biggest IPO ever. On Monday, Alibaba held the first of 100 meetings in 10 days, selling itself to potential investors for the first time. It all started in New York City, where 800 people piled into three big rooms at the Waldorf Astoria. One of those in the crowd was Michael de la Merced, reporter for DealBook, a financial news service for the New York Times.

Michael de la Merced, New York Times (@m_delamerced)

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