Some red state lawmakers are floating legislation that would make it easier to use gold and silver as currency and to establish gold stockpiles. Why it matters: Lawmakers say that the commodities are a good option for dealing with the burden of rising inflation because the value of gold and silver has increased, while the dollar has not. - "Recognizing gold and silver as legal tender promotes economic justice," reads a draft bill in Georgia. "By allowing citizens of every economic status access to the ability to preserve their wealth by hedging against inflation with precious metals." State of play: The Georgia legislation would authorize "mechanisms" that would let you pay for things in gold and silver, possibly using prepaid debit…
Chinese President Xi Jinping has spent the Iran war doing what he does best — patiently exploiting America's distraction and discord. Why it matters: The conflict allowed China to bolster its diplomatic leverage, clean-energy muscle and intelligence on the U.S. military — all without firing a shot or spending a dollar. - The implications touch supply chains, energy procurement, geopolitical risk, and the race for superior AI and weaponry. - Even with progress toward a framework for peace between the U.S. and Iran, significant disruptions continue in the Strait of Hormuz. The strategic damage is done. The military impact is the part that should scare the hell out of Pentagon planners. - The U.S. committed roughly 80% of its…
President Trump said his envoys Steve Witkoff and Jared Kushner will travel to Islamabad on Sunday for another round of negotiations with Iran before the ceasefire is scheduled to end on Tuesday. Why it matters: The talks will be an eleventh hour attempt to reach a deal, at least to extend the ceasefire if not to end the war. Driving the news: Iran attacked several commercial vessels on Saturday after announcing it was once again closing the Strait of Hormuz. - That came after Trump had expressed confidence that a peace deal was imminent. - The Iranian move came after Trump declined to lift the blockade on the strait of Hormuz, and after Tehran claimed the U.S. introduced new "maximalist" positions. - Trump convened an unusual…
After briefly reopening the Strait of Hormuz, Iran has again closed the vital economic waterway, saying it will restrict ships from passing through as long as the U.S. continues its blockade.
Chile peppers are a traditional part of Indian cuisine — and a key crop for women farmers. They say it's too demanding for men. "In spite of the challenges," says one, "we've found freedom."
Real estate investment trusts are landlords for thousands of nursing homes, assisted living facilities, and hospitals. Some select the managers and keep close watch but deny blame for bad care.
Exactly two months after the Supreme Court struck down most of President Trump's tariffs, the U.S. government has set Monday as the day when some companies can begin requesting refunds.