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☆ I stopped at a Mediterranean port where few cruise ships dock. The hidden gem wowed me without the crowds.
▼ + stars: | 2024-08-08 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

The mountain range is home to some of the most coveted marble in the world, and it's dotted with marble quarries. Joey Hadden/Business InsiderFor my port stop in Marina di Carrara, I booked an excursion with Carrara Marble Tour to see the mountain range lined with marble quarries up close. During the tour, I learned that Carrara is among the most coveted marble in the world, and the guide explained exactly why. So it's easier to work with, but it's too fragile. The mountain range also has preservation methods in place limiting the amount of marble that can be taken from it, he added.

Persons: Joey Hadden Organizations: Marina di, Marble Locations: Greece, China, Turkey

☆ ‘Cruisezilla’ passenger ships have doubled in size since 2000, environmental group warns
▼ + stars: | 2024-08-08 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +3 min

CNN —Cruise ships have doubled in size over the past two decades, a precedent that could lead to even bigger vessels plying our oceans in the future and bringing potential problems, a new report has warned. The largest passenger vessels today are twice as large as they were in 2000, says a study conducted by European clean energy lobby group Transport and Environment (T&E), which warns of the environmental impact of the “rapidly” growing global cruise industry. On its launch in 1999, Royal Caribbean’s Voyager of the Seas, which has a gross tonnage (GT) of 137,276, was the biggest cruise ship in the world. Global emissionsIt notes that CO2 emissions from cruise ships in Europe were almost 20% higher in 2022 than in 2019. Cruise ships and other maritime vessels are thought to be responsible for nearly 3% of global greenhouse gas emissions each year, according to the International Maritime Organization.

Persons: CNN —, cruisezillas, Inesa, Bruce Weaver, “, ” CLIA Organizations: CNN, CNN — Cruise, Getty, Cruise Lines International Association, EU, Royal, Cruise, International Maritime Organization, Royal Caribbean Group Locations: AFP, Europe

☆ In a reversal, Disney's media assets are starting to generate more excitement than its parks
▼ + stars: | 2024-08-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Here's a surprise: Disney 's media business isn't weighing down the company anymore. Disney's combined streaming businesses — Disney+, Hulu and ESPN+ — turned a quarterly profit for the first time ever, making $47 million. Meanwhile, Disney saw a "moderation of consumer demand towards the end of [fiscal] Q3 that exceeded our previous expectations" for its theme parks division. The company said last year it plans to invest $60 billion in its theme parks and cruise lines in the next decade. Disney shares dropped Wednesday, likely because investors were focused on the parks.

Persons: Here's, —, Disney, Bob Iger, Iger, Captain America, we're, Hugh Johnson Organizations: Hulu, ESPN, Disney, Netflix

☆ Delta passengers sue airline over refund refusals after CrowdStrike meltdown
▼ + stars: | 2024-08-07 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

“The impact on Delta passengers was disastrous,” the lawsuit said. In other cases, it would only offer partial reimbursement if passengers signed a waiver releasing the airline of any legal claims. On Monday, July 22, Delta canceled more than 1,250 flights — making up nearly 70% of all domestic cancellations, the lawsuit said. In response, Delta offered Plaintiff a $100 voucher to use towards a future flight with Delta,” the lawsuit said. Both companies claimed Delta ignored their repeated offers for help as passengers were left stranded in airports across the country.

Persons: Delta, —, “, ” Delta, Pete Buttigieg, Ed Bastian, Bastian, CrowdStrike, ”, you’ve, ” Bastian, David Boies, Michael Carlinsky Organizations: New, New York CNN, Delta Air Lines, Microsoft, Delta, Greyhound, CNBC, CNN, IBM Locations: New York, Denver, Amsterdam, Delta, Atlanta

☆ Greece is in the middle of an anti-cruise rebellion, with locals complaining about over-tourism and trashed streets
▼ + stars: | 2024-08-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Boats full of tourists who arrive on the island, crowd the streets, and leave trash have led to the "worst season" ever, locals say. AdvertisementIn Athens and Greek islands, such as Santorini, there's a similar sentiment growing. Crowded monumentsVivian Antypa, an archaeologist and tour operator in Athens, told Business Insider that she loves working in tourism and meeting people from all over the world. Harris Doukas, the mayor of Athens, told Euro News that "Each visitor brings €0.40 to the city." "If the government takes action toward the right direction, we can make tourism better for the tourists and the locals."

Persons: —, Vivian Antypa, hasn't, Antypa, Fortune, overtourism, Beata Zawrzel, Harris Doukas, Nikos Drosos, Drosos, ARIS OIKONOMOU, Drosis, Richard Krieger, Krieger, ARIS OIKONOMOU Krieger, Greece's, Kyriakos Mitsotakis Organizations: Service, Business, Bloomberg, Euro, Santo Luxury, ARIS, Sky, Tourists Locations: Greece, Europe, Barcelona, Athens, there's, Pangrati, Santorini, Mykonos, Peloponnese

☆ What are the economics of war?
▼ + stars: | 2024-08-07 | by ( Gaelle Legrand | ) www.cnbc.com time to read: +1 min

Last March, Thierry Breton, the EU's commissioner for internal market, advocated for a shift of the European defense industry toward a war economy. Europe is facing an "existential threat," he said, as the Commission announced a new defense strategic plan, with a minimum of €1.5 billion ($1.6 billion) subsidy to boost the continent's war machine. In Germany, arms maker Rheinmetall inaugurated a new factory in February that will produce artillery ammunition, explosives and rockets. Aerospace and defense company Kongsberg also opened a new anti-ship and cruise missile manufacturing plant in Norway last June. Watch the video above to learn more about the economics of war.

Persons: Thierry Breton Organizations: Commission, Rheinmetall, Aerospace, Kongsberg, Stockholm International Peace Research Institute Locations: Europe, Germany, Norway, Stockholm

☆ Why 'wardrobing' retail fraud soars in the summer
▼ + stars: | 2024-08-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

A particular type of retail fraud soars during the summer season. Scot Case, executive director of the Center for Retail Sustainability at the National Retail Federation, said wardrobing can drive up costs and waste for retailers if the product can no longer be resold. "As companies build and integrate take back programs to repair and resell used items, returns take on a new role, fueling a new circular market." The average value of a returned item for Optoro's customers is $85. The highest item value reported as returned in the survey was $200.

Persons: Amena Ali, Optoro, Ali, TJ Maxx, coverup, Scot Case, Stephen Lamar, Lamar, Stephen Lamar's Organizations: CNBC, Center for Retail Sustainability, National Retail Federation, Eagle Outfitters, American Apparel and Footwear Association Locations: recommerce

☆ New tech will trap CO2 from cargo ships and store it in the ocean
▼ + stars: | 2024-08-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

The dissolved calcium carbonate then reacts with the CO2 in the water to form bicarbonate salts, locking the CO2 away. Adkins says that with a full-scale reactor, he aims to capture and store about half of a ship’s CO2 emissions. BAR Technologies/Cargill French company Airseas has developed the Seawing, which it says could help ships cut their carbon emissions by an average of 20%. A British company called Seabound, for example, makes a device that captures between 25% and 95% of a ship’s CO2 emissions. “We think that ships are actually going to be able to compete with underground CO2 storage,” he said.

Persons: it’s, Jess Adkins, ”, Adkins, ” Adkins, Calcarea, Melissa Gutierrez, Pierre Forin, geochemist Will Berelson, Will Berelson, Airseas, Maxime Horlaville, Norsepower, Daniel Sigman Organizations: CNN — International, International Maritime Organization —, UN, California Institute of Technology, Caltech, University of Southern, USC, British Port Association, Cargill, BAR Technologies, de Bordeaux, Michelin, Norsepower, Anemoi, Technologies, Geophysical Sciences, Princeton University Locations: University of Southern California, Port of Los Angeles, Norway, Nantong, Vancouver, British

☆ Wild, Beautiful and Overlooked: Southern Sardinia Is Ready to Share Its Essence
▼ + stars: | 2024-08-06 | by ( Laura Rysman | ) www.nytimes.com time to read: +1 min

Buzz has been in short supply in southern Sardinia for some time now — some would say ever since the decline of the region’s Bronze Age Nuragic civilization. Yet on Italy’s second largest island, where sheep vastly outnumber people, there’s unmistakable new energy in Cagliari, its small Mediterranean capital, and the surrounding countryside. “We used to think of ourselves as rustic, as isolated in this island backwater,” a local lay historian, Venturino Vargiu, told me, as we watched the city’s annual folk costume extravaganza of Sant’Efisio. “But Sardinians are starting to understand that our culture has real value for us and for outsiders.”In Cagliari, there’s a surge in pride, along with a wave of new development, mostly aimed at increasing the already growing numbers of tourists. A light-rail line will connect the Marina with Cagliari’s hinterlands, and a new port, projected for 2026, is being constructed to move cruise ships farther away, allowing the yacht set to dock (and spend money) in Cagliari’s center.

Persons: Buzz, Venturino Vargiu, ”, Stefano Boeri Locations: Sardinia, Cagliari, ”, there’s, Marina, Cagliari’s

☆ Lesbian boxer becomes first Refugee Olympic Team athlete to win a medal
▼ + stars: | 2024-08-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

VILLEPINTE, France — Boxer Cindy Ngamba made history on Sunday by becoming the first athlete competing as a refugee to clinch an Olympic medal. The 25-year-old originally from Cameroon offered hope for the Refugee Olympic Team that was created to call attention to the plight of refugees across the world. She will face Atheyna Bylon, who ensured that Panama would get its fourth-ever Olympic medal with her own win shortly after Ngamba’s fight. “It means the world to me to be the first ever refugee to win a medal,” Ngamba told reporters. The Refugee Olympic Team has nearly quadrupled in size since its debut.

Persons: Boxer Cindy Ngamba, Davina Michel, Ngamba, Atheyna Bylon, Ngamba’s, ” Ngamba, “, it’s, ”, Tammara, Michel, swipes, ” U.N, Filippo Grandi, Grandi, Lin Yu, Imane, she’s, — Organizations: Refugee Olympic Team, Paris Games, Olympic, North Paris, AP, IOC Locations: VILLEPINTE, France, Cameroon, Panama, Rio de Janeiro, United Kingdom, Canada, North, Paris, Taiwan, Algeria

Under the new passport-less immigration program, Singapore residents will not need to show their passports to arrive and depart at air and sea checkpoints. Foreign travelers must also enroll their iris, facial and fingerprint biometrics at manual immigration counters, according to Singapore's Immigration & Checkpoints Authority. However, children under six years old cannot use biometric clearance, or automated lanes at all, to clear immigration, according to authorities. By early 2026, Singapore immigration officials expect 95% of travelers will be able to clear immigration via automated lanes. Biometric processing is expected to reduce immigration wait times by 40%, according to immigration officials.

Persons: Sumesh Patel, SITA Organizations: Changi Airport, Seletar, Bay, Centre Locations: Singapore's, Singapore, Asia, Pacific

Chase Sapphire Reserve® OverviewThe Chase Sapphire Reserve® is one of the best travel rewards credit cards of all time. Chase Sapphire Lounges will be available to Chase Sapphire Reserve® cardholders and all Priority Pass members. Chase Sapphire Reserve® vs. Chase Sapphire Preferred® CardIf you're trying to decide between the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, you'll want to decide if each card's annual fee is justified based on your travel and spending habits. Chase Sapphire Reserve® Cardholder InsightsAs part of our analysis of the Chase Sapphire Reserve®, we've considered discussions across various forums, including notable mentions on Reddit and FlyerTalk. Chase Sapphire Reserve® Frequently Asked QuestionsWhat credit score do you need to get the Chase Sapphire Reserve®?

Persons: Chase, Chase Travel ℠, you'll, Sapphire, John F, Chase Sapphire, You'll, Uber Cash, we've, you'd, you've, they'll, David E, David, —, Read, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Angela Fung Organizations: Business, American, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Chase Dining, American Express, Hong Kong International Airport, New, Kennedy, LaGuardia, Rental Insurance, Avis, Avis , National, Emergency, Transportation, Sapphire Reserve, Reserve, Capital, Venture, Centurion, overpaying, Yorker, Muhlenberg College, University of Edinburgh, Twitter, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: DoorDash, airfare, Boston, Austin, Canada, Avis ,, Seattle, Redbird, Los Angeles, Healdsburg , California, New York City, Chicago, Reddit, Dallas , Denver, Dulles, Las Vegas, New York, Hong Kong, Chevron, There's, Slotnick, Scotland, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan

☆ Ukraine finally sends F-16s into the battle against Russia — but they might not be a game-changer
▼ + stars: | 2024-08-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Flanked by another two of the U.S.-made combat aircraft, Zelenskyy announced on Sunday that the country's air force had already started operations using the warplanes against Russia. A number of Ukraine's European allies have pledged to send F-16s to Ukraine, and the first batch arrived in the country in late July. Russia has dismissed the supply of F-16s, with Kremlin Spokesman Dmitry Peskov saying last Thursday that Russian forces were prepared to shoot down the F-16 jets. The first General Dynamics F-16 Fighting Falcon received by Ukraine is seen on the Day of Ukrainian Air Force on August 4, 2024 in Unspecified, Ukraine. "The jets will considerably enhance Ukraine's ability to prevent Russian pilots entering Ukrainian air space, and can also target Russian cruise missiles in flight.

Persons: Ukraine Volodymyr Zelensky, Volodymyr Zelenskyy, Zelenskyy, Ukraine's, Ukraine Volodymyr Zelenskyi, Vitalii, Antony Blinken, Dmitry Peskov, Peskov, Mykola Bielieskov, Bielieskov Organizations: Falcons, Dynamics, Anadolu, Getty, Ukraine's Air Forces, Ukrainian, Ukrainian Air Force, Anadolu Agency, NATO, Defense, National Institute for Strategic Studies, Fighting Falcons, Ukraine Locations: Ukraine, Russia, U.S, Denmark, Netherlands, Belgium, Norway, States, USSR, Kyiv, Ukrainian

☆ I quit corporate and turned my side hustle into a 6-figure dream career — here's how
▼ + stars: | 2024-08-05 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

When I took my side hustle full-time, I started making around $125,000 more than my last salary. AdvertisementI started music as a side hustle in March 2019I've played the piano for 21 years and the alto saxophone for 18. I was fortunate to still have a paycheck and work from home when most full-time event industry professionals were shut down completely. AdvertisementA surge of events started in 2021, and I knew I made the right decision to leave the 9-5 world the previous October. If I had let a few hundred dollars a month of health insurance hold me back from quitting my full-time job, I would never have had all these incredible experiences.

Persons: —, Jason Nelson, It's, I've, Nelson, Teresa Guidice, Luis Ruelas, Teresa Giudice, it's Organizations: Service, Business, DJ, Fox, New York Jets, Real Housewives of, Bravo Locations: Hoboken , New Jersey, Puerto Rico, St, Maarten, Aruba, Dubai, Jersey

TEL AVIV — Israel is bracing for a potential multiday attack by Iran and its ally Hezbollah following the assassination of two senior militant leaders last week, an Israeli official told NBC News. Israel killed Shukr in a strike on the southern suburbs of Beirut last Tuesday. Hours later, news broke that Haniyeh was killed in Tehran in the early hours Wednesday morning. The call was “tense,” according to the Israeli official. This time, the Israeli official said the attacks could come over several days, with Hezbollah attacking Israel from the north while Iran’s longer-range weapons are fired from the east.

Persons: Ismail Haniyeh, Fuad Shukr, “ They’ll, Shukr, ”, Haniyeh, Masoud Pezeshkian, Joe Biden, Benjamin Netanyahu, “ Biden, Israel, Netanyahu, Raf Sanchez, Doha Madani Organizations: NBC News, Diplomats Locations: TEL AVIV, Israel, Iran, Beirut, Golan, Tehran, Gaza, U.S, Cairo, Damascus, Tel Aviv, Doha, New York City

☆ ‘Worst season ever’: How things got ugly on Santorini, Greece’s ‘Instagram island’
▼ + stars: | 2024-08-04 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

It’s even earned the nickname “Instagram Island” because of its perfectly saturated “no filter” splendor. When evening comes, however, the crowds melt away, and some complain the island goes from Times Square to ghost town. Visitor cap coming in 2025Santorini Mayor Nikos Zorzos has proposed a cap on cruise ship passengers, down to 8,000 a day. Cruise ship passengers are valued and much needed, as are those longer-stay visitors coming by boat or plane, but he says the feeling among locals is that something has to give. Currently, nearly two-thirds of cruise tourism in Greece takes place in Piraeus, Santorini and Mykonos, CLIA said.

Persons: CNN —, it’s, It’s, Nikos Zorzos, Kyriakos Mitsotakis, megaphones, Xavier Duvot, Hans Lucas, ” Gianluca Chimenti, “, ”, Christos Stylianides, Maria Deligianni, CLIA, Katie Haslam, Rob, we’d, ” Love Organizations: CNN, Fira, Bloomberg, Getty, CNN Travel, Cruise Lines International Association, “ Locations: Oia, Europe, Spain, Netherlands, Venice, AFP, Santorini, Greece, Mykonos, Piraeus, Rochdale, England

☆ Japan's latest strategy review names the growing threats it faces
▼ + stars: | 2024-08-04 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Japan's newest strategic review names China, North Korea and Russia as threats to Japanese security. Clearer explanations of the threats to Japan's national security will prove critical as the government seeks public support for an ambitious defense spending plan." The review is part of a reconsideration of Japan's needs in the face of growing threats from its well-armed neighbors, especially China. China has "conducted joint bomber flights and naval navigations with Russia in the vicinity of Japan," the paper said. AdvertisementBesides external threats and new equipment, the paper highlighted a critical need for the Japan Self-Defense Forces: more people.

Persons: Nicholas Szechenyi, Ryo Hinata, Michael Peck Organizations: Service, Business, Center for Strategic, International Studies, Ministry of Defense, South China, Japan Self - Defense Forces, Forum, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, North Korea, Russia, Japan, South China, South, Korea, Yamaguchi, Honolulu, Forbes

☆ Russian submarine sunk in Crimean port, Ukraine claims
▼ + stars: | 2024-08-03 | by ( Radina Gigova | Brad Lendon | ) edition.cnn.com time to read: +4 min

CNN —Ukraine’s military has claimed it sank a Russian submarine in a port in Crimea, in what would be another major setback for Moscow in the occupied peninsula. The submarine Rostov-on-Don was hit in the port of Sevastopol on Friday, the General Staff of Ukraine’s Armed Forces said in a statement Saturday. “The boat sank on the spot,” the General Staff said, without providing further evidence. The submarine was “severely damaged” in a Ukrainian missile attack in September 2023, according to Ukraine’s General Staff. In addition to striking the submarine, Ukrainian forces also severely damaged four S-400 anti-aircraft missile launchers on Friday, the Ukrainian General Staff said.

Persons: CNN —, Don, Don “, Mikhail Razvozhayev, Boris Rozhin, Kilo, Cedric Leighton, ” Leighton, Leighton Organizations: CNN, Staff of Ukraine’s Armed Forces, Staff, Fleet, Russian Defense Ministry, Ukrainian Defense Ministry, Rostov, General Staff, Ukraine’s, Ukrainian Locations: Russian, Crimea, Moscow, Rostov, Sevastopol, Russia, Ukraine, ”, Ukrainian

☆ Boomer-friendly Silversea's new luxury cruise ship was designed to attract younger guests like me. I'm sold.
▼ + stars: | 2024-08-03 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

I'm new to the brand and younger than its average demographic. Silver Ray first set sail in June. Brittany Chang/Business InsiderIn mid-June, I, 27, attended a complimentary five-night sailing for reporters and travel agents on Silver Ray, the latest of the two Nova-class vessels. The window-lined vessel is bright, and its decor is contemporary and classy without being garish. Think of it as akin to a Loews hotel instead of a dated, distasteful luxury resort that had its glory days in the 1980s.

Persons: Silver Ray, Brittany Chang, Tonet Organizations: Loews

☆ Tiramisù and other classic Italian dishes you need to try
▼ + stars: | 2024-08-03 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. If you’re hungry for more, take a look at our roundup of classic Italian dishes you need to try from across the country’s 20 regions. New UNESCO sitesThe UNESCO World Heritage Committee has been announcing the latest sites around the world to achieve World Heritage status. An ancient monastery in Gaza has been added to the list of World Heritage in Danger because of the war in the region. Over in Britain, Hadrian’s Wall has been a UNESCO World Heritage site since 1987, and it’s changing what we think about the Roman Empire.

Persons: Italy’s, Roberto Linguanotto, It’s, ” Organizations: CNN, United Airlines, UNESCO, UNESCO World Heritage, CNN CNN Travel Locations: Dublin, Treviso, Veneto, Italy, United States, Asia, Gaza, South, Britain, Roman, Flagstaff , Arizona, Francisco, Arizona, It’s, Irish

☆ I spent 2 months renovating my van for $12,500. Here are 10 of my biggest regrets.
▼ + stars: | 2024-08-02 | by ( Abigail Robertson | ) www.businessinsider.com time to read: +9 min

Read previewWhen 2020 hit with all of its uncertainties, I knew there was no better time to start van life. I wanted to hit the road as soon as possible while keeping costs low, so I went with a smaller van. Next time, I'm investing in a van with 4-wheel driveI'm always hesitant to off-road in my van. AdvertisementSpreading out the build would've given me more rest days — I took exactly two days off — and peace of mind. Now, I see a van build as an ongoing expense, like rent, that I'm always saving for and investing in rather than a one-time purchase.

Persons: —, I've, I'd, Abigail Robertson, I'm Organizations: Service, Ford Transit Connect, Business, Mercedes Sprinter, Ford Transit Locations: Ohio, California

☆ There are cracks forming in the US jobs market
▼ + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, ” Locations: Oxford

The strike on Beirut was the first time during this war that Israel has targeted such an influential Hezbollah leader in Lebanon’s capital. Hours later, the killing in Iran of Hamas’s political leader, Ismail Haniyeh, was considered the most brazen breach of Iran’s defenses in years. Image A protests in Tehran on Wednesday after Ismail Haniyeh, a senior Hamas leader, was assassinated in Iran. Despite his title as Hamas’s political leader, Mr. Haniyeh is replaceable, said Joost Hiltermann, the Middle East and North Africa program director for the International Crisis Group. In January, Israeli strikes killed a senior Hamas leader in Hezbollah’s stronghold in Beirut, leading to fears that Hezbollah would mount a particularly fierce response on Hamas’s behalf.

Persons: Amira, Hassan Fadlallah, Fuad Shukr, Ismail Haniyeh, Diego Ibarra Sanchez, Iran —, Michael Stephens, Haniyeh’s, Stephens, Mr, Andreas Krieg, Arash Khamooshi, ” Mr, Krieg, ”, it’s, Haniyeh, Joost Hiltermann, “, Israel, Israel Katz, Katz, Itamar Rabinovich, Israel’s, Rabinovich, Benjamin Netanyahu, Netanyahu, Vivian Yee Organizations: Israel’s, The New York Times Iranian, Foreign Policy Research Institute, King’s College ,, The New York Times, International Crisis, United Nations, Hezbollah Locations: Dahiyeh, Beirut, Lebanon, Gaza, Israel, Iran, simultaneity, Yemen, Iraq, Credit, United States, Philadelphia, King’s College , London, Tehran, East, North Africa, Hezbollah’s, Syria, Bourj el Barajneh, U.S, Washington

☆ Fed Chair Powell just said the labor market is getting vulnerable. Friday’s jobs report could prove why
▼ + stars: | 2024-08-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, ” Locations: Oxford

☆ The expanded child tax credit failed in the Senate. Here's what it means for families
▼ + stars: | 2024-08-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Senate Republicans on Thursday blocked legislation that would have expanded the child tax credit, a key tax break for millions of families. He said that Senate Republicans have concerns about the policy, but are willing to negotiate a "child tax credit solution that a majority of Republicans can support." If enacted, the bill would have improved access to the child tax credit and retroactively boosted the refundable portion for 2023, which could have triggered refund checks from the IRS. Eligible families could have seen an average tax cut of $680 for 2023 taxes, based on estimates from the Urban-Brookings Tax Policy Center. But expanding the child tax credit is still a "top priority for Democrats," particularly as the 2025 tax cliff approaches, he said.

Persons: Chuck Schumer, Mike Crapo, Harris, Joe Manchin, Bernie Sanders, Chuck Marr Organizations: Republicans, Senate Finance, Finance, Fed, Budget, Urban, Brookings Tax, House Republicans, Center Locations: Idaho, Sens

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