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That was apparent Monday, when a Houthi missile hit a US-owned cargo ship in the Red Sea, marking what appears to be the first time the militants have successfully struck a US-owned or operated ship. Senior Biden administration officials insist Friday’s operation against the Houthis was successful at its objective: degrading the group’s military capabilities. Houthi fighters and tribesmen stage a rally against the U.S. and the U.K. strikes on Houthi-run military sites near Sanaa, Yemen, on Sunday, Jan. 14, 2024. US officials fear one side will miscalculate, even if none of the major parties – Iran, Israel and the United States – want a wider war. The Suez Canal accounts for 10% to 15% of world trade, which includes oil exports, and for 30% of global container shipping volumes.

Persons: Biden, Israel simmers, John Kirby, Douglas Sims, ”, Mick Mulroy, Trump, Joe Biden, “ Organizations: CNN, US, Houthis, Biden, National Security, Pentagon, Joint Staff, New York Times, U.S, AP, United, Analysts, ABC News Locations: Yemen, Red, Sea, Gulf of Aden, Israel, Washington, Iran, Gaza, Africa, Suez, Red Sea, Gen, Sanaa, United States, Aden

The American people must understand just how shocking and gruesome Hamas’ actions were, Biden told his aides. I think we can change the Middle East,” Biden told a group of Jewish American leaders on Wednesday. “If tomorrow Hezbollah started launching missiles into Israel, that would be seen as a real escalation,” according to a person close to the situation. In his private conversations with Netanyahu, Biden has not urged the Israeli leader to practice restraint in its counterattack against Hamas. “He has always approached Israel with moral clarity and full commitment,” a senior adviser to the president told CNN.

Persons: Joe Biden, Biden, ” Biden, “, Benjamin Netanyahu, John Kirby, it’s, ”, Netanyahu, –, Biden’s, CNN’s Matthew Chance, I’m, Jake Sullivan, Netanyahu’s, ” Sullivan, Netanyahu “, Alexandria Ocasio, ” Ocasio, Cortez Organizations: CNN, White, Jewish, Israel, National Security Council, Senate Foreign Relations, Defense Department, Biden, Democratic Party, New, New York Democrat Locations: Israel, Europe, Tehran, Gaza, United States, Ukraine, Iran, Afghanistan, “, Alexandria, Cortez, New York

Having failed to revive a 2015 Iran nuclear deal, Washington hopes to restore some limits on Iran to keep it from getting a nuclear weapon that could threaten Israel and trigger a regional arms race. An Iranian official said: "Call it whatever you want, whether a temporary deal, an interim deal, or a mutual understanding - both sides want to prevent further escalation." U.S. Special Envoy for Iran Rob Malley has also met Iran's ambassador to the U.N. after months of Iran refusing direct contact. The Western official said the key U.S. objective was to keep the nuclear situation from worsening and to avoid a potential clash between Israel and Iran. U.S. House Foreign Affairs Committee Chairman Michael McCaul, a Republican, wrote to President Joe Biden on Thursday saying "any arrangement or understanding with Iran, even informal, requires submission to Congress".

Persons: Donald Trump, Matt Miller, Washington, Brett McGurk, Ali Bagheri Kani, Iran Rob Malley, miscalculate, Michael McCaul, Joe Biden, Parisa, John Irish, Arshad Mohammed, Ramu Ayub, Simon Lewis, Daphne Psaledakis, Don Durfee, William Mallard Organizations: U.S . Congress, State Department, U.S . National Security, International Atomic Energy Agency, U.S, . House Foreign, Republican, John, Thomson Locations: DUBAI, PARIS, United States, Iran, Russia, Washington, Israel, Tehran, U.S, de, Ukraine, Oman, Ali Bagheri Kani . U.S, IRAN, ISRAEL, Parisa Hafezi, Dubai, Paris, Saint Paul , Minnesota

☆ Geopolitics is shrinking India’s risk premium
▼ + stars: | 2023-05-09 | by ( Una Galani | ) www.reuters.com time to read: +7 min

They are lured by a country whose potential as an alternative investment destination to China increasingly outweighs the local challenges of doing business. India’s $3 trillion economy is forecast to grow by 6.5% this fiscal year, continuing to outpace the rest of the world. Executives and investors also see a business-friendly government that is likely to remain in power for the next half-decade. Morgan Stanley analysts and strategists expect India to become the world’s third-largest economy and stock market before the end of the decade. The India risk premium is rapidly disappearing.

☆ We Hit the Debt Limit. What Happens Now?
▼ + stars: | 2023-05-08 | by ( Jeanna Smialek | Ashley Wu | ) www.nytimes.com time to read: +12 min

Pass a timely deal Fail to reach an agreement Raise the debt limit Default on debt Congress can ... The debt limit was raised this way three times during the Trump administration and dozens of times during past presidencies. But House Republicans have made clear that they want stipulations in the form of spending cuts attached to this next debt limit increase. Pass a timely deal Fail to reach an agreement Potential market volatility Temporary suspension Delay the debate Raise the debt limit Default on debt Congress can ... DefaultRaise the debt limit Default on debt Potential loss of trust in U.S. bonds Default on debt Potential loss of trust in U.S. bonds Raise the debt limitMany on Wall Street think that the worst-case scenario would play out if the government missed an interest payment, leaving it in default on its debt.

☆ Elon Musk appeared to quietly change the way customers pay for Twitter Blue in Europe after being accused of breaking rules about how its prices were displayed
▼ + stars: | 2023-04-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

A European Union consumer-protection watchdog told Insider last month that Twitter Blue was breaching price rules. Elon Musk appears to have quietly changed the way that Europeans can pay for Twitter Blue after being accused of breaking rules about displaying prices. A side-by-side comparison of the Twitter Blue checkout screens in the UK. Insider tested the Twitter Blue subscription process in the UK and, through a VPN, in Belgium, Denmark and Germany. According to web traffic data seen by Bloomberg, about 400,000 people have signed up for Twitter Blue – fewer than 1% of Twitter's 500 million monthly users.

☆ Mark Zuckerberg is planning another round of layoffs, and it will likely decimate remaining morale at Meta
▼ + stars: | 2023-03-14 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Meta, the parent of Facebook, could go through another round of layoffs, according to reports. CEOs often see layoffs as a way to fix a company's problems, but the cuts can do lasting damage. Just a few months ago, Meta conducted its first-ever round of mass layoffs. One bout of layoffs dents morale; a second can be devastatingIt's uncommon for a company to conduct multiple rounds of layoffs, according to data from Crunchbase. One bout of layoffs can leave a dent in employee morale; a second round can be devastating.

☆ Reaching maximum employment will help close the racial wealth gap, says Howard University economics professor William Spriggs
▼ + stars: | 2023-02-22 | by ( Macklin Fishman | ) www.cnbc.com time to read: +2 min

Reaching maximum employment will help close the racial wealth gap, according to AFL-CIO chief economist and Howard University economics professor William Spriggs. In an interview with CNBC, Spriggs said the impact of discrimination against Black employees is less acute when the labor market operates at full employment. "When we have a really poor labor market, white high school dropouts do better than Black people with associate degrees," Spriggs explained. While Black Americans do withdraw from the labor market when the market collapses, Spriggs said this is not always reflected in the data on Black labor force participation. Implicit bias can also affect economic data and policy by dictating the questions that analysts ask, Spriggs said.

☆ The Fed Keeps Hiking Interest Rates. Here’s Why You Should ‘Absolutely’ Act Now for Better Savings and CD Rates
▼ + stars: | 2023-02-01 | by ( ) www.wsj.com time to read: +6 min

By Martha C. WhiteThe Fed is set to send savings and CD rates higher yet again. On Wednesday, the Fed announced a quarter-percentage-point interest rate increase to its benchmark federal-funds rate, following its Jan. 31-Feb.1 meeting. Policy makers’ economic projections released in December show that Fed officials don’t expect inflation to hit 2.1% until 2025. “It’s going to be slow, but I think the trend is going to be higher” rates. If that’s your bank, he adds, you “absolutely should be taking advantage of a higher rate savings account.”

☆ A new study confirms it: The pandemic turned us all into jerks
▼ + stars: | 2022-10-11 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Graceless under pressureTo see how the pandemic affected us, researchers looked at the so-called Big Five personality traits: agreeableness, conscientiousness, extraversion, neuroticism, and openness. But the new study found a surprising shift during the pandemic — roughly equivalent to what they'd expect from 10 years of life, not two. During the first months of the pandemic, Sutin's team found little personality change. "The only thing that went wrong," says Brent Roberts, a psychologist and expert in personality change at the University of Illinois, "is the goddamn pandemic kept going." For some Americans, the most stressful thing about the pandemic was experts telling them they should help people they don't like.

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