The mighty dollar, ordinarily a safe haven during times of market-based stress, is falling apart, and its ongoing year-to-date slide is pointing to a much bigger problem for all U.S. assets. read more
DAMASCUS (Reuters) - For the first time in three decades, Rabbi Joseph Hamra and his son Henry read from a Torah scroll in a synagogue in the heart of Syria's capital Damascus, carefully passing their thumbs over the handwritten text as if still in awe they were back home. The father and son fled Syria in the 1990s, after then-Syrian president Hafez al-Assad lifted a travel ban on the country's historic Jewish community, which had faced decades of restrictions including on owning property or holding jobs. read more
Venice is doubling a last-minute tourist fee for daytrippers. The fee, first introduced in 2024, is an attempt to manage overtourism and better preserve the city. Venice's tourism chief says other destinations have sought advice on copying the measures. read more
James Carville suggested there could be a "plant" in progressive Democratic politics during his podcast on Thursday to see how many "stupid things" the party could embrace while discussing the Democratic National Committee (DNC) chair race. read more
Syria's transitional President Ahmed al-Sharaa and Turkish President Tayyip Erdogan are expected to discuss a joint defense pact in Ankara on Tuesday ... read more
This makes sense.
When the Trump tax cuts go through and the debt ceiling is raised, there are going to be far fewer overseas buyers for US debt. Given the weakness of the dollar relative to most other currencies, coming in and buying large swaths of places like Yellowstone or Yosemite might be attractive. At least it might mean the US doesn't have to start printing money as quickly.