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The U.S. dollar is cooling off after a red-hot surge.Though it rose in the weeks following President Trump's election victory last November, the greenback has steadily fallen this year. It's now down to its lowest level since January 2015. Since January 3, the first trading day, the dollar is down 11 percent.It's down nearly 17 percent against the Mexican peso this year, a reversal of fortunes after Trump's campaign threats caused the peso to plunge. It's also down 12 percent against the euro and 7% against the pound. 541
The White House on Monday blamed Hamas for the deaths of 52 Palestinians who were killed by Israeli security forces during mass protests in Gaza on Monday."The responsibility for these tragic deaths rests squarely with Hamas," White House deputy press secretary Raj Shah said. "Hamas is intentionally and cynically provoking this response and as the secretary of state (Mike Pompeo) said, Israel has a right to defend itself."Pressed repeatedly on whether Israel bears any responsibility and asked whether Israel should show more restraint, Shah again pointed the finger at Hamas -- seemingly absolving Israel of responsibility."We believe that Hamas is responsible for these tragic deaths," Shah said, adding that the terrorist group bears "responsibility for the entire situation right now."The 52 deaths on Monday came on the 70th anniversary of Israel's independence while a delegation of US officials joined Israeli leaders to mark the opening of the new US embassy in Jerusalem. Trump's decision to recognize Jerusalem as Israel's capital and move the US embassy to the city in December has ratcheted up tensions in the region, where Israelis and Palestinians have competing claims to the holy city. The city is home to holy sites from three major religions: Christianity, Judaism and Islam.Israeli forces used lethal and nonlethal means on Monday in an attempt to disperse mass protests that took place at the security fence between Gaza and Israel, which included some Palestinians attempting to cross into Israel.Tuesday marks the "Nabka," or Catastrophe, which remembers the 700,000 Palestinians who were driven from, or left, their homes during the Arab-Israeli war that came with the creation of the Israeli state. 1734
The travel industry is still reeling from the effects of the COVID-19 pandemic as millions of people have lost their travel-related jobs. Now, Congress is debating a bill that would provide thousands of dollars in travel tax credits to families."This could be used for airfare, for hotel stays, for meals and attractions within a certain distance away from home, let's say." says Tori Emerson Barnes with the U.S. Travel Association.Modeled after the homebuyer tax credit that was created in the recession of 2008, Barnes says, if passed, this financial incentive would be crucial toward putting the travel industry and the millions of people it employs back to work."Post 9/11, it took about 18 months for the travel industry to come back. From an economic standpoint, this is nine times worse than 9/11, so really what we have to do is get people moving again to get the economy back," says Barnes.The travel tax credit would pay back families 50% of their travel expenses up to ,000. The refund would be for travel expenses made between the time of the bill's enactment and the end of 2021."We know that we need to get people traveling again in a health and safe way so we think that establishing an individual travel tax credit that can help motivate folks and push them a little bit into the market will go a long way. We’ve been working with members of Congress on both sides of the aisle and administration," says Barnes.Chris Gahl of Visit Indy says the travel tax credit would be huge for businesses in Indianapolis."The tourism eco-system is made up of lots of different businesses. Most consumers would think of hotels, airlines, museums, restaurants and bars. But there are also companies that clean linens for the hotels, flower companies," says Gahl.As for easing travelers concerns amid COVID-19, Gahl says, "From Indiana’s perspective, from the capital of Indianapolis, we have taken great strides in putting people first and foremost and the health of our residents and subsequently our visitors.""We all believe that there needs to be appropriate sanitation, there needs to be appropriate barriers in place and we support the use of masks. You know, we think a phased and layered approach is critical to the health and safety of the American public but we don’t think you have to pick between the public health or the economic health of the country," says Barnes.In the Indianapolis area, Visit Indy says more than 83,000 people rely on tourism for their jobs."This goes well beyond the glossiness of hotels and restaurants and wanting a getaway. There's real people, real Americans who are working and depending on tourism for a paycheck," says Gahl.The US Travel Association hopes Congress votes on the bill by early August. 2754
The task is painstaking and painful.A searcher is given the name of someone who is missing and an address. The list of names goes on and on.At least 1,300 people are unaccounted for since the Camp Fire erupted 10 days ago, killing 76 people and becoming the deadliest and most destructive fire in California history.Search teams are combing properties where all evidence of life has been wiped out by flames. Many of the searchers are from the devastated areas and have lost their own homes. They are looking for the remains of their neighbors in the ruins."It is overwhelming, I don't have any word to describe it," Butte County Sheriff and Coroner Kory Honea said. "This is unprecedented. No one has had to deal with this magnitude that caused so much destruction and regrettably so much death."The Camp Fire has destroyed more than 9,800 homes and scorched 149,000 acres since it started November 8. It was 55% contained as of early Sunday.Meanwhile, three deaths have been reported in the Woolsey Fire in Southern California, bringing the statewide death toll from the wildfires to 79. 1097
The revolving door of USA Gymnastics' top leadership keeps spinning as the organization struggles to recover from the Larry Nassar scandal.Less than a week after taking over USAG, former US Rep. Mary Bono has resigned as interim president. That means four high-ranking officials have left USAG in the past six months -- even though most came on board after the Nassar sex abuse scandal.Bono took the helm just a month after embattled president and CEO Kerry Perry quit. Perry, who had only been on the job for nine months, was criticized for what many considered to be inadequate action and boilerplate soundbites during the Nassar abuse fallout.On Tuesday, four days after she started her new job, Bono announced her resignation."It is with profound regret, coupled with a deep love for the sport of gymnastics and respect for those who aspire to be great gymnasts, that I today tendered my resignation as the interim CEO of USA Gymnastics," Bono said in a statement. 976