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@ISIDEWITH submitted…4hrs4H
Gov. Kathy Hochul said Thursday that she is considering a ban on face masks in the New York City subway system due to concerns about people shielding their identities while committing antisemitic acts.Hochul said she was in talks with lawmakers on potentially crafting a bill.At at news conference in Albany, the governor said she was moved to act after “a group donning masks took over a subway car, scaring riders and chanting things about Hitler and wiping out Jews” on Monday night.It was not clear exactly what incident she was referring to, but it could have been a conflation of different episodes related to pro-Palestinian demonstrations that day in Union Square Park.Hundreds of people leaving the rally flooded into a subway station, some waving flags and banging on drums, to get on trains headed downtown. On one train, a man who was not wearing a mask led a small group in chanting “Raise your hands if you’re a Zionist” to other passengers, followed by, “This is your chance to get out.”
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@ISIDEWITH submitted…11hrs11H
Dollar-backed stablecoins are becoming an important net purchaser of U.S. government debt. If fiat-backed dollar stablecoin issuers were a country, it would sit just outside the top 10 in countries holding Treasurys—smaller than Hong Kong but larger than Saudi Arabia. If the sector continues to grow, stablecoins could become one of the largest purchasers of U.S. government debt and a reliable source of new demand.Their emergence as a mechanism for promoting the dollar couldn’t be timelier. The U.S. benefits from the dollar’s status as the primary international reserve currency. Among the perks: cheap, reliable financing for fiscal spending and substantial influence over the global financial system. Most financial activities eventually flow through U.S. banks thanks to the dollar’s dominance. As the global economy becomes more digital and multipolar, the dollar’s primacy is constantly under threat.Several nations that have historically been large buyers of U.S. debt, such as China and Saudi Arabia, are gradually retreating from the market. They are also increasingly looking for options for settling payments outside the dollar system. There is, meantime, growing risk that the U.S. government could soon experience a failed debt auction. Such an event would roil markets and severely undermine U.S. credibility.A sound, predictable regulatory framework for stablecoins has bipartisan support in Congress and would help dramatically expand the use of digital dollars at a critical time.
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@ISIDEWITH submitted…7hrs7H
Democrats are preparing to send a strong signal of dissatisfaction with the Israeli war effort and with Netanyahu's leadership in particular.What we're hearing: Multiple discussions about counter-programming have taken place, primarily among progressives but including other Democratic lawmakers as well, the sources say.The proposals include a press conference, a vigil, or an event with families of those taken hostage by Hamas, many of whom feel Netanyahu hasn't done enough to free their loved ones.In a sign of how extensive and high-level some of these discussions are, former House Majority Whip Jim Clyburn (D-S.C.) told Politico he was participating in one counter-programming meeting.We are hearing from others in the caucus that they would like to be part of counter-programming that is focused on peace, bringing the hostages home, and ending this horrible conflict," the lawmaker said."More moderate Dems are extremely frustrated that this Netanyahu visit undermines the work of the Biden administration and is disrespectful to Israelis who want Netanyahu out."Some moderate, pro-Israel Democrats have emerged as surprisingly harsh critics of Israel's operations in Gaza in recent months.
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@BudgetBillEliana from Minnesota submitted…3hrs3H
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@ISIDEWITH submitted…10mins10m
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@P0pulistTonyfrom Maine agreed…11hrs11H
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@CleverTwoParty from Washington commented…11hrs11H
