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In defense of the dollar

Published Sat, 22 Feb 2025 13:14:59 GMT

Jay Newman was a senior portfolio manager at Elliott Management and is the author of the bestselling thriller “Undermoney.” Meyrick Chapman’s career spans 40 years in international finance and currently lectures University of Buckingham. He founded Hedge Analytics Ltd in 2020.There’s no question about it — the United States dollar is under attack.Finance is prone to fads, and its latest mania is de-dollarization: the notion that the dollar will soon meet its demise as the world’s preeminent reserve currency.Everyone seems to hate the greenback. China recently crowed about its “triumphant” purchase of an LNG cargo, which was paid for in yuan and traded through China’s Shanghai Petroleum & Natural Gas Exchange. And Brazilian President Luiz Inácio Lula da Silva has called for development of a new currency for BRIC countries — Brazil, Russia, India, China and South Africa — to dethrone the dollar.Such events attract media attention, of course, but they may just turn out to be sidesh...

Targeted killings spark debate within Russian opposition

Published Sat, 22 Feb 2025 13:14:59 GMT

Jamie Dettmer is opinion editor at POLITICO Europe. KYIV — “She’ll say whatever the FSB [Federal Security Service] wants her to say,” said Ilya Ponomarev, a former Russian lawmaker-turned-dissident who now lives in Kyiv.Discussing who was behind the bombing of a St. Petersburg café earlier this month — which left 40 injured and warmongering military blogger Vladlen Tatarsky dead — the “she” in question was 26-year-old Darya Trepova who, until recently, was an assistant at a vintage clothing store and a feminist activist, and has been accused of being the bomber.And the St. Petersburg bombing — as well as another carried out against commentator Darya Dugina — has now sharpened a debate within the deeply fractured, often argumentative and diverse Russian opposition, regarding the most effective tactics to oppose President Vladimir Putin and collapse his regime — raising the question of whether violence should play a role, and if so, when and how?Russian authorities arrested Trepo...

State police investigating after pedestrian struck in Dorchester

Published Sat, 22 Feb 2025 13:14:59 GMT

State police are investigating after a pedestrian was struck by a vehicle on Gallivan Boulevard in Dorchester on Sunday night, officials said.Troopers responding to a reported pedestrian crash around 9:35 p.m. found a pedestrian suffering from life-threatening injuries, according to state police.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Mets drop series finale to Giants, 5-4

Published Sat, 22 Feb 2025 13:14:59 GMT

SAN FRANCISCO — The Mets needed a big hit and Francisco Alvarez needed one for himself.He belted his first home run of the 2023 season and the second of his career Sunday night in the Mets’ 5-4 loss to the San Francisco Giants at Oracle Park. It tied the game for the Mets and gave them a chance, but Drew Smith (1-1) struggled in the eighth and allowed an RBI double to Joc Pederson. The Mets went down quietly in the ninth as Camilo Doval converted the save.The Mets (14-9) went 7-3 over a 10-game trip, dropping the last two to split the series with the Giants (11-13).Alvarez’s home run was the highlight of the game for the visitors. The Mets’ top prospect has been billed as a power-hitting catcher since he was signed out of Venezuela five years ago. The power has been obvious at every level of baseball except for the Major League level, though he showed a preview of it last fall during a late-season call-up.The Mets were hoping a year in Triple-A would help him...

Magnitude 7.1 quake hits remote Pacific, no tsunami threat

Published Sat, 22 Feb 2025 13:14:59 GMT

WELLINGTON, New Zealand (AP) — A magnitude 7.1 quake struck in a remote part of the Pacific Ocean on Monday but did not appear to generate a tsunami.The quake struck near the Kermadec Islands about 900 kilometers (560 miles) northeast of New Zealand’s North Island at a depth of 49 kilometers (30 miles), according to the U.S. Geological Survey.The Pacific Tsunami Warning Center said the quake posed no threat to Hawaii and the wider Pacific. A localized potential for a tsunami passed without any confirmed impact.New Zealand’s National Emergency Management Agency said it was assessing whether the quake could affect New Zealand but gave its standard advice for people to move away from coastal areas if they felt a long or strong quake.The Kermadec Islands are uninhabited except for Raoul Island where New Zealand scientists sometimes stay over to carry out meteorological observations or weed control work. The islands are the site of frequent large earthquakes. They were geolog...

Lack of snow condemns Italy’s Po to a desperately dry summer

Published Sat, 22 Feb 2025 13:14:59 GMT

TRENTO, Italy (AP) — Italy’s largest river is already as low as it was last summer, with the winter snow fields that normally save it from drying up over the warmer months having receded by 75%, according to the Bolzano climate and environment agency.It’s already causing some reliant on the Po to course correct.“In a few days I will have to cancel all bookings for our Po River cruises because of the shallow water,” said captain Giuliano Landini as he shook his head, his arms stretched wide on the command deck of the Stradivari ship docked under the Boretto bridge and surrounded by long stretches of sand.His 60-meter (196-foot) long vessel used to transport up to 400 people even on shallow waters, but the flow rate of the river is just 350 cubic meters (92,000 gallons) per second, as low as last June, when conditions were some of the hottest and driest in 70 years. Navigation will soon become impossible if abundant rainfall doesn’t arrive soon.The 652-kilometer (405-mile) Po Ri...

Vigil held on 4th anniversary of the murder of Marlen Ochoa Lopez, baby cut from womb

Published Sat, 22 Feb 2025 13:14:59 GMT

CHICAGO — Clergy, community leaders, legal counsel and the family of Marlen Ochoa Lopez held a vigil Sunday on the fourth anniversary of her grisly murder.Attendees gathered in front of a large Pilsen mural that pays homage to the two, honoring her memory with a celebration of life that also functioned as a call for justice. ‘Day of the Dead’ altar built in honor of Marlen Ochoa-Lopez and infant son "I was there in the hospital. I held the baby. I saw the baby," said Attorney Frank Avila, who is representing the family in court. "I had been in a lot of cases, but this is probably one of the most heart wrenching cases.”Ochoa Lopez was a 19-year-old pregnant mother two weeks away from her due date when she was murdered on April 23, 2019. On that day, she went to Clarisa Figueroa's home under the impression she was getting free items for her soon-to-arrive toddler after the two of them connected in a group on Facebook, prosecutors say.When she arrived, prosecutors alleged Figueroa's...

John Shipley: Yes, Game 4 was called closely. No, it’s not why the Wild lost

Published Sat, 22 Feb 2025 13:14:59 GMT

There is no question the on-ice officiating crew at Xcel Energy Center called Game 4 of the Wild’s best-of-seven series against Dallas differently than they called the first three games.Remember when Matt Dumba sent Joe Pavelski to the doctor in Game 1? The Wild defenseman got a head of steam on the veteran center and sent him tail over teakettle. Pavelski hasn’t played since, and while Dumba was assessed 2 minutes for roughing, that hit seems like a lot more than a week ago after Sunday.For the on-ice crew, and maybe the suits in New York and Toronto, this became a different series on Sunday and it favored the Stars, who escaped the X with a 3-2 victory and sent the best-of-seven series back to Texas tied 2-2.“I just feel like it’s a little bit chintzy right now. It doesn’t make any sense,” Wild winger Marcus Foligno said. “This is playoff hockey. You go and hit a guy and it’s not illegal. It’s clean and you’re getting called to the penalty box.”Stars coach Peter DeBoer made a few ...

Wild fall to Stars in Game 4, Marcus Foligno blasts officiating postgame

Published Sat, 22 Feb 2025 13:14:59 GMT

Now everyone gets a chance to see if the Wild have truly learned from their past mistakes.Given a chance to go up 3-1 in a series for the first time in franchise history, the Wild suffered a frustrating 3-2 loss to the Dallas Stars in Game 4 on Sunday night at Xcel Energy Center. That means the Wild will head back to Dallas with the series tied at 2-2.The situation at hand is similar to last season when the Wild were up 2-1 in the series with the St. Louis Blues. They failed to get the job done in Game 4, then lost Game 5 and Game 6 to bow out of the playoffs. What gives coach Dean Evason the confidence history won’t repeat itself.“We stuck to our game plan,” Evason said. “We got to our game in a hurry. We got chances. We played the right way. We didn’t get rewarded tonight.””In that same breath, Evason told reporters that they could draw their own conclusions as to why exactly the Wild didn’t get rewarded, a clear shot at the officiat...

Schuyler Mansion holds fencing reenactment

Published Sat, 22 Feb 2025 13:14:59 GMT

ALBANY, N.Y. (NEWS10) -History buffs came out to Schuyler Mansion to see not only metal clash, but find a deeper understanding of acceptance from European history. Chevalier de Saint-Georges and Chevaliere d`Eon were respected among royal courts of Europe, held as high as modern day celebrities. Both fencers come from unique backgrounds, minorities that cut their own path forward."On April 9, 1787, Saint-Georges and d'Eon were the star performance at a fencing tournament and exhibition organized by the Price of Wales, and some of the foremost fencers in London at that time. The two individuals that the audience gathered, turned their eyes to on that day, were a biracial black man and a trans woman." explained Ian Mumpton, Historic Site Assistant of Schuyler Mansion. 75th annual tulip festival preparations This may come as a surprise, as fencing tends to be associated with white European men. "It's nice to have our people represented in a sport that is predominantly white," said D...