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With OceanGate closed for business, the market for Titanic sub tourism appeared to slam shut. One leading sub operator, eager to demonstrate that the Titan sub failed to live up to the industry standards that can make trips to the ocean floor relatively safe, is already planning its own journey to the wreckage of the Titanic, where Titan was headed before it collapsed. But in its pursuit of “increasing access to the deep ocean through innovation,” OceanGate frequently skirted regulations and pushed back against industry standards. 2) OceanGate’s sub designs were so experimental, no other commercial sub operation would ever replicate them. “The deep ocean is no place for compromise,” Triton said in its statement.
Persons: , Larry Connor, ” Connor, Stockton Rush, ” Rush, David Pogue, , don’t, Don’t, OceanGate, Ray Dalio, James Cameron, , ” Triton, Lukas Furtenbach, Philippe Brown, Brown, ” Brown Organizations: New, New York CNN, Titanic, Triton, Wall Street, WSJ, CNN, Stockton, , Triton Submarines, American Bureau of Shipping, Furtenbach Locations: New York, Austria, Hudson
The Biden administration is taking executive action to protect undocumented spouses of American citizens — a move that would shield about 500,000 immigrants from deportation. The White House announced the election-year policy Tuesday, framing it as "new action to keep families together." Lawmakers have been briefed on the plan and at least some have been invited to the White House for the announcement, sources said. The program would also make it easier for some undocumented immigrants to get a green card and a path to U.S. citizenship. Sources also say that the undocumented spouses would be allowed to obtain work permits on a case-by-case basis.
Persons: Joe Biden, Biden, , Dick Durbin Organizations: Washington Hilton, White House, NBC News, Democratic Locations: Washington ,, United States, U.S
I remember the hollowing sensation I felt on June 24, 2022, the day that the Supreme Court deemed that abortion was not a protected right under the U.S. Constitution. Everyone — on both sides of this debate — knew that women’s lives across the country were going to be drastically transformed. Since then, a lot of attention has been paid to the most heart-wrenching cases, but this decision affects all women’s bodily autonomy across the country. I returned to my hometown, Memphis, to make a short film outside a building that once offered abortion services. In Tennessee abortion is banned, with no exception for rape and very limited medical exceptions that are being debated in state court.
Persons: , Kimberly Looney Organizations: Supreme, U.S, U.S . Constitution Locations: U.S ., Memphis, Tennessee, North Mississippi, Carbondale, Ill
It was a glimmer of familial normality in Gaza for a nine-year-old and her younger sibling that ended in tragedy. Hanan is one of thousands of critically ill patients waiting for medical evacuation from Gaza but unable to leave following the closure of the Rafah crossing to Egypt in early May. The only hope for many is to be evacuated through the Rafah crossing into Egypt and get treatment in neighboring countries. Since May 7, not one single case has been able to leave through Rafah, creating a backlog of desperation and severe cases. “The Rafah crossing should be reopened as quickly as possible,” Peeperkorn says, “or there should be an alternative crossing or mechanism actually applied because we cannot leave these critical patients.
Persons: CNN — Hanan Aqel, ” Hanan, Hanan, Mahmoud Mahane, Hanan Aqel, handout Hanan, Mohammad Al, , , Rik Peeperkorn, Peeperkorn, ” Peeperkorn, European Union –, Kholoud, Malak Organizations: CNN, Aqsa Martyrs Hospital, Health, West Bank, European Union, Nasser Locations: Gaza, Al, Aqsa, Rafah, Egypt, Israel, Jerusalem, Qatar, Jordan, UAE, Turkey, COGAT, Palestinian Territories
Meme stock and erstwhile videogame retailer GameStop is back in the limelight as Reddit ringleader Roaring Kitty stirs up another trading frenzy. Warren Buffett commented at length about the speculative behavior during the first GameStop mania in 2021. Then, the "Oracle of Omaha" called the stock market a gambling parlor for retail investors, encouraged by Wall Street's investment banks and brokerages. "It's become a very significant part of the casino group that has joined into the stock market," Buffett said at 2021's Berkshire annual meeting . Options trading in GameStop exploded after Roaring Kitty, whose legal name is Keith Gill, touted his large positions in those risky vehicles.
Persons: Kitty, Warren Buffett, Wall, It's, Buffett, They've, Keith Gill, John Maynard Keynes Organizations: GameStop, Berkshire, Citadel Securities Locations: Omaha
Read previewDozens of tourists who hiked to a waterfall in the Grand Canyon have fallen ill, including one woman who had to be airlifted out of the national park. The Havasupai Tribal Council acknowledged the recent illnesses in a press release on Friday, describing it as "gastrointestinal symptoms." AdvertisementThe council said it held meetings with local health officials, who determined that the symptoms are affecting people across the northern Arizona region. AdvertisementA county spokesperson told the Associated Press that hikers should take precautions, including monitoring early signs of norovirus. Representatives for the Arizona Department of Health Services and Indian Health Services did not respond to Business Insider's request for comment.
Persons: , Mary Blair, Blair, wasn't, There's, Maylin Griffiths, Griffiths, hasn't Organizations: Service, Fox, Business, CBS, Tribal Council, IHS, Associated Press, Arizona Department of Health Services, Indian Health Services Locations: Havasu Falls, Arizona, iacomino, Coconino County
His attempt to escape deportation from Germany by hiding on a westbound freighter — under the cargo cover of a new BMW — was desperate and ill conceived. With only 1.5 liters of water and some nuts and dates, Walid Kabil did not have enough supplies, heat or space to survive the April voyage. He feared being returned to Morocco, where he said he had been arrested because of his political activism. But cold, aching and dehydrated, he sought help from the ship’s crew. After the ship docked in Halifax, Nova Scotia, and he was handed over to Canadian border authorities to make his asylum claim, Mr. Kabil was sent to a provincial jail filled with people accused of violent crimes, including murder.
Persons: BMW —, Walid Kabil, Kabil, Justin Trudeau Organizations: BMW Locations: Germany, , Morocco, Halifax , Nova Scotia
The Sticking Points That Kept Russia and Ukraine ApartRussia and Ukraine failed to agree on a range of critical issues when they held peace talks in the spring of 2022. Russia’s Position Russia demanded that Ukraine never join NATO or other alliances; host foreign military bases or weapons; or conduct military exercises with other countries without its consent. Russia’s Position Russia agreed to much of Ukraine’s security guarantees proposal but with key exceptions. Russia’s Position Russia’s stance has also fluctuated. Russia’s Position But Russia’s definition of “denazification” shifted quickly after its initial invasion failed.
Persons: Vladimir V, Putin, , Volodymyr Zelensky, Russia’s, Organizations: The New York Times, NATO, European Union, Ukraine’s, Crimea ”, Ukraine, Mr, Russia’s, ” International, United Nations Locations: Russia, Ukraine, United States, France, China, guarantors, Belarus, Turkey, Territory, Crimea, Moscow, Ukrainian, Russian
Opinion: The fanatical Hamas leader who calls the shots
  + stars: | 2024-06-14 | by ( Peter Bergen | ) edition.cnn.com   time to read: +7 min
CNN —In February, the Israeli Defense Forces released a grainy video showing the back of a man they identified as Yahya Sinwar, Hamas’ leader in Gaza. Since the video didn’t show Sinwar’s face, there was no independent confirmation that the shadowy figure was indeed the Hamas leader. Former Israeli dentist Yuval Bitton, who treated Hamas leader Yahya Sinwar in an Israeli prison, speaks during an interview in his house in Kibbutz Shoval, Israel, February 5, 2024. While he was in prison, Sinwar admitted that he had killed several Palestinians who he believed were collaborating with the Israelis. While he was in prison, Sinwar became the leader of his fellow Hamas inmates, according to The Washington Post.
Persons: Peter Bergen, , Osama bin Laden, CNN —, Yahya Sinwar, It’s, Sinwar, Ali Jadallah, Joe Biden, hasn’t, ” Sinwar, Yuval Bitton, Amir Cohen, Bitton, Peter Bergen Sinwar, Biden, Antony Blinken, , Gilad Shalit Organizations: New, Arizona State University, Apple, Spotify, CNN, Israeli Defense Forces, Anadolu Agency, Getty, Hamas, Wall Street, New York Times, Reuters, Israel Hayom, The Washington Post, Sinwar, Israel, Gaza Health Ministry Locations: New America, Gaza, Israel, Gaza City, East, Kibbutz Shoval, Israeli
Johnny Canales, the Mexican television host whose program introduced new musical acts to wide audiences, including a young Selena Quintanilla in the 1980s, has died. His death was announced on Thursday by his show’s Facebook account. His wife, Nora Canales, said in a video update on May 20 that he had been ill. Mr. Canales was believed to be in his late 70s or early 80s, though his year of birth was unclear. Some acts that performed on his show went on to become household names. He also became a popular TV host, known for introducing performances with his catchphrase: “You got it.
Persons: Johnny Canales, Selena Quintanilla, Nora Canales, Canales, Organizations: Facebook
Endurance, the ship that carried Ernest Shackleton on his ill-fated attempt to cross Antarctica in 1915, spawned one of the greatest survival stories in the history of exploration and now holds a revered place in polar history. The Quest sailed on for another 40 years until it sank on a seal-hunting voyage off Canada’s Atlantic coast in 1962. He knew almost immediately that a final discovery in the life of one of history’s most revered explorers had been made. “This is the last big Shackleton event,” Alexandra Shackleton, the explorer’s granddaughter, said in an interview, referring to the discovery of the Quest. “There won’t be anything else as important as this.”
Persons: Ernest Shackleton, Shackleton, John Geiger, ” Alexandra Shackleton, Locations: Antarctica, Weddell, Newfoundland and Labrador
Cloud computing is gaining tractionCloud computing offers on-demand services, from storage to software, over the internet. And the fashion industry has gradually been waking up to the potential of cloud computing. In her report, "Fashion Transformation 4.0: Beyond Digitalization & Marketing in Fashion Industry," she said that the fashion industry must embrace new technologies in order to survive. "Fashion is a terribly old-fashioned industry," Alies ter Kuile, the cofounder of Fashion Cloud, said. With cloud computing, retailers can avoid overbuying stock — a key driver of fashion's textile-waste problem.
Persons: , It's, Porter, Eon, there's, Bharati Rathore, Rathore, ter, ter Kuile, they're, Ter Kuile, Alan Holcroft, Steven Gonzalez Monserrate Organizations: Service, Green, Google, University of South, Marketing, Fashion Industry, Brands, Cegid Locations: University of South Wales, Dutch, ter Kuile
When Prime Minister Giorgia Meloni of Italy convenes the leaders of the Group of 7 countries on Thursday at a luxury resort hotel overlooking the Adriatic Sea, she might be forgiven for thinking her guests are seeking a refuge. Britain’s prime minister, Rishi Sunak, is three weeks away from an election in which his Conservative Party is expected to be swept out of power. President Emmanuel Macron of France has called a snap parliamentary election after his party suffered heavy losses to the far right in European elections. Chancellor Olaf Scholz of Germany and his Social Democratic Party were humbled in those elections as well, while President Biden is in a dogfight with his predecessor, former President Donald J. Trump. Even Prime Minister Fumio Kishida of Japan faces rising unrest within his Liberal Democratic Party and may lose his job this autumn.
Persons: Giorgia Meloni, Meloni, bode, Rishi Sunak, Emmanuel Macron, Olaf Scholz of Germany, Biden, Donald J, Trump, Fumio Kishida Organizations: Conservative Party, Social Democratic Party, Liberal Democratic Party Locations: Italy, Ukraine, France, Japan
Ladislav Kubeš/iStockphoto/Getty ImagesCNN: Let’s start by talking about tick-borne diseases, specifically Lyme disease. Dr. Leana Wen: In the United States, Lyme disease is the most common vector-borne disease and is transmitted by ticks. People who contract Lyme disease may experience temporary symptoms similar to the flu, such as muscle aches, fever and headache. CNN: Has the incidence of Lyme disease increased in recent years? While most US cases involve travelers who contracted malaria from other parts of the world, locally transmitted cases have occurred, too.
Persons: Leana Wen, Wen, Ladislav Kubeš, Lyme, You’ve Organizations: CNN, Northern, George Washington University, Getty, US Centers for Disease Control, US Environmental Protection Agency Locations: Lyme, West, United States, Florida , Texas, Arizona, California, Maryland
Where patients traveled for abortions Number of patients 10,000 1,000 100 2023 171,300 patients traveled Alaska Wash. N.D. Hawaii Minn. Ore. N.Y . Number of patients 10,000 1,000 100 2023 171,300 patients traveled 2019 73,100 patients traveled Alaska Alaska Wash. Wash. Maine Mont. An exodus from Texas 10,000 1,000 100 Number of patients 2023 35,500 Texas patients traveled Wash. N.Y. Mass. Texas 10,000 1,000 100 Number of patients 2023 35,500 Texas patients traveled Wash. N.Y. Mass. Change in abortions by state State Abortions 2023 Change from 2019 Nonresident share Wyo.
Persons: Roe, Wade, Nev, S.C, W.Va Calif, , , , Amy Hagstrom Miller, “ We’re, John Seago, “ We’ve, Mia, Uber, Hagstrom Miller, Kelly Baden, Allison Cowett, Megan Jeyifo, Kelly Flynn Organizations: Nev . N.J ., Ind . Utah Colo, N.Y ., Ind . Utah W.Va, Guttmacher Institute Orange, La . Texas Fla, Md . Utah W.Va Colo, D.C, Alaska, W.Va, La . Texas, Ind . Utah D.C, La . Texas Texas, New York City, Texas Fla, Midwest, Mich . Iowa Ohio, ., Illinois Wis ., Illinois Wis . Iowa Ill, Guttmacher Institute, Republicans, Kan, Colo, Ill, Del, Utah, Hawaii, Iowa, Ohio, Maine, Family Planning, Chicago Abortion, N.Y, Tenn, California S.C Locations: Alaska, N.D, Hawaii Minn, Ore, N.Y, Idaho Wis, S.D . Mich, Pa, Nev . N.J, Nev . N.J . Ohio, Ill, Ind . Utah, W.Va Md, Calif, Kan . Va, Mo, Ky, N.C, Tenn, Ariz, ., N.M . Ala . Miss ., La . Texas Fla, N.Y . Idaho, S.D . Wis, Mich, Ind . Utah W.Va Md, Colo, Kan, Mo . Va . Ky, S.C . Ala . Miss ., Texas, New Mexico, Southern, Illinois, South Carolina, Georgia, North Carolina, Nev . N.J . Ohio Md, La . Texas, Alaska Wash . Maine, Minn, Mass, Wis, S.D . Idaho Mich, Wyo, Pa . Iowa, . Ohio Ind, Md . Utah, Va, Mo . Calif, Okla, S.C . Miss ., Ala, Hawaii, N.Y Idaho, La, Fla, N.Y Idaho Wis, Nev . Ohio Md, W.Va Colo . Va, N.M . Ala, Alaska Alaska, Wash . Maine, . Idaho, Nev Nev, N.J, Neb ., . Ohio Ohio, Ind, Ind . Utah Md . Utah, Kan . Va . Calif, S.C . Miss . Ala . Miss ., La . Texas Texas Fla, Wisconsin, Columbus , Ga, New York, ” Texas, Pa . N.J, Nev . Md, Colo . Va, N.M . Ga, N.M . Texas, Mich . Iowa, Okla ., Illinois Wis, Illinois Wis . Iowa, Miss . Texas, Maryland , Minnesota, Virginia, Conn, Houston, Albuquerque, States, ” Illinois, Chicago, N.Y Pa . N.J, Md, Va . N.C, California, Ala . Miss, . Pa . Md, Miss . Ala, Florida , Georgia, Florida, state’s, Florida , North Carolina
US bus company Coach files for bankruptcy to sell its business
  + stars: | 2024-06-12 | by ( ) edition.cnn.com   time to read: +2 min
Coach USA, the operator of Megabus and other commuter bus lines in the US and Canada, filed for bankruptcy protection in Delaware late Tuesday, seeking to sell its assets and shed debt incurred in an ill-timed 2019 private equity buyout. Coach, the largest privately owned bus company in the US, was acquired by private equity firm Variant Equity Advisors for $270 million, mostly using debt that is still on the company’s books. Coach CEO Derrick Waters said that buses will continue to run as normal during the company’s bankruptcy. The company operates several other bus brands in addition to Coach, including Megabus, Dillon’s Bus Company, and Go Van Galder. Renco Group, a private investment company, would acquire the majority of Coach’s assets in exchange for taking on $130 million of company debt and certain union contracts.
Persons: Derrick Waters, ” Waters, Van Galder Organizations: USA, Equity, Coronavirus, Economic Security, Dillon’s Bus Company, Renco, Avalon Transportation, ABC Buses Locations: Canada, Delaware, Wilmington , Delaware, Atlanta , Georgia
Read previewA year on from the OceanGate implosion, filmmaker and Titanic expert James Cameron called the rescue operation "crazy" — because people involved in the rescue likely already knew that the victims were all dead. In an interview with "60 Minutes Australia" released on Sunday, Cameron commented on the sprawling four-day rescue operation that followed the submersible's disappearance on June 18. This story is available exclusively to Business Insider subscribers. Cameron, who has visited the Titanic wreck 33 times, has vocally criticized OceanGate, the company behind the ill-fated submersible. Cameron's representative did not immediately respond to a request for comment from Business Insider sent outside regular working hours.
Persons: , James Cameron, Cameron, We'd, OceanGate, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet Organizations: Service, Business, Guard, Coast Guard, Stockton Rush, Business Insider Locations: British, French
Extreme heat weather events are expected to affect more than 60 million people across the US this summer. With summer temperatures on the rise, what should people know about the dangerous condition of heat stroke? CNN: What should people know about heat stroke? Dr. Leana Wen: Heat stroke is a medical emergency. Before someone reaches the point of having heat stroke, they may have heat exhaustion.
Persons: CNN — It’s, Leana Wen, Wen Organizations: CNN, US Centers for Disease Control, George Washington University Locations: West
Then, three healthy ferrets were placed in the same enclosures with three of the sick animals. These animals could touch, nose and lick the sick animals, and all of them became ill.Next, the CDC tested airborne transmission by putting three healthy ferrets into an enclosure where they could breathe the same air as sick animals but couldn’t touch them. In her lab, ferrets with previous exposures to seasonal flu strains didn’t get as sick when exposed to new flu viruses compared to those with no prior exposure to seasonal strains. How much help we might get from past exposures to flu viruses is difficult to predict, however, which is why vaccination would still be important to tune up our immunity. They never spread the virus to any of the other animals in the facility — including themselves.
Persons: Mark Naniot, Naniot, , , It’s, Jeremy Farrar, Jesse Bloom, Fred Hutch, ” Naniot, Naniot hadn’t, Scott Weese, Weese, there’s, Covid, Rick Bright, Sanjay Gupta, Bright, Erin Sorrell, Zahl, Seema Lakdawala, hasn’t, ” Bright, Dr, Richard Webby, Jude Children’s, “ It’s, Ducks, Michael Osterholm, “ I’ve, he’s Organizations: CNN, Swiss Army, World Health Organization, Fred Hutch Cancer Center, University of Guelph, US Centers for Disease Control, CDC, Research, Development Authority, CNN Chief, Bright Global Health, Johns Hopkins Center for Health Security, Getty, Emory University, STAT, Administration, Strategic Preparedness, USDA, Jude Children’s Research, Infectious Disease, University of Minnesota, CNN Health Locations: Wisconsin’s, United States, Seattle, Canada, Texas, Vadso, Finnmark, Norway, AFP, Finland, St, Wisconsin
Passengers of Singapore Airlines flight SQ321 from London to Singapore, which made an emergency landing in Bangkok, greet family members upon arrival at Changi Airport in Singapore on May 22, 2024. Singapore Airlines has offered compensation to passengers of the ill-fated flight SQ321, which was hit by extreme turbulence that resulted in the death of one passenger and several injuries. "For passengers who sustained minor injuries from the incident, we have offered US$10,000 in compensation. For those who sustained more serious injuries from the incident, we have invited them to discuss a compensation offer," the company said. Another 104 passengers were injured, a press officer for Bangkok's Samitivej Srinakarin Hospital told the Associated Press in May.
Persons: Bangkok's Organizations: Singapore Airlines, Changi Airport, SIA, London, Boeing, Srinakarin Hospital, Associated Press Locations: London, Singapore, Bangkok
A singer who joined the storied Motown group the Four Tops in 2018 sued a Michigan hospital on Monday, accusing its staff of placing him in restraints and ordering a psychological evaluation because they did not believe he was part of the band. The singer, Alexander Morris, who is Black, filed a lawsuit accusing Ascension Macomb-Oakland Hospital of racial discrimination and two employees of negligence for an incident in April 2023, when he was taken there by ambulance with chest pain and difficulty breathing. When Mr. Morris, 53, told hospital staff that he was a member of the Four Tops — which helped define the Motown Sound in the 1960s with hits such as “I Can’t Help Myself (Sugar Pie, Honey Bunch)” and “Reach Out I’ll Be There” — the staff “wrongfully assumed he was mentally ill” and a security guard was instructed to put him in restraints, the lawsuit alleges. When Mr. Morris offered to show his identification card, the lawsuit said, the security guard, who is white, told him to “sit his Black ass down.”
Persons: Alexander Morris, Ascension, Morris, Honey, , Organizations: Motown, Ascension Macomb, Oakland Hospital, Motown Sound Locations: Michigan
And I’m not leaving,” Greene told CNN of what she relayed to Comer, a Kentucky Republican. GOP Rep. Don Bacon of Nebraska framed the internal debate over how to handle Greene in familial terms: “You can only do so much. The American people don’t give a sh*t,” Greene told CNN last week after her meeting with Johnson. It’s not the first time Greene has tried the unpopular move of undermining the committee process and House GOP leadership. “I don’t think that you cure one hasty ill-advised action with another,” GOP Rep. Nick LaLota of New York said of Greene’s proposals.
Persons: Marjorie Taylor Greene, Kevin McCarthy, Mike Johnson, Greene, Johnson, Georgia Republican —, , Donald Trump’s, Joe Biden, of Justice —, Carlos Giménez, MAGA, General Merrick Garland, Jasmine Crockett’s, James Comer, , ” Greene, Comer, , Lauren Boebert, Bob Good, Ron DeSantis, “ I’ve, “ I’m, Ralph Norman of South, McCarthy, Don Bacon of Nebraska, Trump, Biden, It’s, Alejandro Mayorkas, impeaching, impeaching Biden, Nick LaLota, ” Johnson, Anthony Fauci, Brad Wenstrup, Wenstrup Organizations: CNN, GOP, Republican, Georgia Republican, Caucus, GOP Conference, of Justice, Republicans, Trump, Democratic Rep, Kentucky Republican, Florida Gov, Ralph Norman of South Carolina, impeaching Department of Homeland, Democratic, Justice Department, Ohio Republican Locations: Florida, Las Vegas, Kentucky, Colorado, Virginia, , MAGA, New York
Read previewLast month, China conducted large-scale military exercises around Taiwan with the intent to send a message. He added that the May exercise showed that China's fleet "is very well suited" for a blockade or quarantine of Taiwan. After the most recent Chinese military drills, US Indo-Pacific Commander Adm. Samuel Paparo said the US observed the exercises closely, learning from them and assessing that they "looked like a rehearsal" for a military action against Taiwan. AdvertisementThe Taiwan M109 speed boats maneuver on the sea during a military drill on January 31, 2024, in Kaohsiung, Taiwan. An outdoor screen shows a news coverage of China's military drills around Taiwan, in Beijing on May 23, 2024.
Persons: , Tom Shugart, Adm, Samuel Paparo, Annabelle Chih, Nancy Pelosi, Mick Ryan, Ryan, JADE GAO, John Aquilino, Shugart, Gui Organizations: Service, Business, US Navy, Center, New, New American Security, of Defense, PLA, Pacific, Taiwan, Getty, South Korean, Theater Command, China Military, Anadolu, American Enterprise Institute, Institute for Locations: China, Taiwan, New American, Kaohsiung, Australian, Beijing, Gui Xinhua, Pacific
Noa Argamani, a rescued hostage embraces her father, Yaakov Argamani, in Ramat Gan, Israel, in this handout image dated June 8. Israeli Army/ReutersNoa Argamani, one of the four Israeli hostages freed during Israel's Nuseirat operation on Saturday, has been reunited with her terminally ill mother. However, Argamani's father, Yaakov, said the reunion was "difficult." "This was not how I imagined the meeting would go," Yaakov said, sobbing while speaking to Galatz radio on Sunday. Despite the difficult reunion, her father said he was still grateful they met, fulfilling her mother’s wish.
Persons: Noa Argamani, Yaakov Argamani, Reuters Noa Argamani, Liora, Argamani's, Yaakov, Noa Organizations: Israeli Army, Reuters Locations: Ramat Gan, Israel
Foreign de-dollarization efforts are unlikely to spur the greenback's demise. Instead, internal dysfunction could cut into the dollar's dominance, two think tank experts wrote in the FT.That's because the US's global and economic power are the basis for the currency's might. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhile they've grabbed a lot of attention, foreign efforts to advance the trend are questionable at best, Kamin and Sobel wrote. Amplifying de-dollarization is rising trade protectionism and the potential for unilateral financial sanctions.
Persons: , Steven B, Kamin, Mark Sobel, they've, Sobel, bode Organizations: Service, Financial Times Locations: Russia, Ukraine
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