While on the one hand, Veep JD Vance cancelled his trip to Geneva to sign that Memorandum of Understanding with Iran, it so turns out that there now seems to be some kind of ceasefire between Israel and the Hezbollah . So what? Well, chances are that Vance will now go to Europe as soon as this weekend, and, over the next 60 days or so, maybe re-negotiate a larger peace with Iran. Israel, however, is still not on the list to sign. I thought they were a key player in all of this. If the last time you were in Japan, say 2013, the dollar-yen exchange rate was 100. In other words, instead of paying $500, today the cost would only be $313. Unfortunately, hotel rates have zoomed up by 40% during this period, so you really haven't gained all that much in value. Yet, Google AI says: For Americans, hotel rates in Japan are generally cheaper in USD today than they were 13 years ago . While the underlying Japanese Yen (JPY) prices have surged due to mas...
Today, a tale of three cities, first from DC: How goes the Memorandum of Understanding between the USA and Iran? Some Republican anguish from Time Magazine. ....many Republicans are more nervous than relieved over the deal. Senator Bill Cassidy, a Louisiana Republican, called it “the worst foreign policy blunder in decades." Nikki Haley, Trump’s former ambassador to the United Nations, said of the deal: “If this is true, Iran wins.” Former MAGA stalwart Marjorie Taylor Greene was perhaps the most Trumpian in her reaction, echoing the President’s criticism of Obama’s deal more than a decade ago. “$300 BILLION DOLLARS TO IRAN??!!! Trump agreed to give Iran $300 BILLION dollars for reconstruction cost after Trump bombed Iran. Are you kidding me? What an embarrassment! Americans are getting screwed again!!” she wrote on X . In New York City, the Knicks got a ticker-tape parade . Can you remember back to 1973? The USA finally got kicked out of Vietn...