The opposition forces are capitalizing on a weakened Syrian army and are backed by Russia and Iran, leading to their largest offensive in years. They have captured key cities like Aleppo and Hama, bringing them closer to Damascus.
Hama is a crucial city due to its historical importance and strategic location as a main supply route for Iran to move weapons to Hezbollah in Lebanon.
The main group leading the offensive is Hayat Tahrir al-Sham (HTS), formerly affiliated with Al-Qaeda but now focusing on pragmatic governance and civilian rule in areas they control.
Bitcoin's surge is partly due to President-elect Trump's appointment of a crypto-friendly administration, including David Sachs as the White House AI and crypto czar, and Paul Atkins as the potential SEC chair.
Bitcoin is primarily used as a speculative investment rather than a currency for everyday transactions, though some businesses and cities like Detroit are beginning to accept it.
Critics like Dennis Kelleher from Better Markets warn that the rally could lead to a catastrophic financial crash worse than the 2008 crisis, given the volatile nature of cryptocurrencies.
The plan, called City of Yes, aims to create 80,000 new homes over the next 15 years by increasing housing density, allowing property owners to add extra units, and converting empty offices into residential spaces.
While significant, the plan is unlikely to solve the housing crisis, especially for low-income New Yorkers, as it does not automatically create affordable housing. Additional funding for rental assistance and low-income housing is needed.
New York City's plan is less ambitious compared to other cities like California, Columbus, Ohio, Minneapolis, and Austin, which have already implemented more significant changes to address housing shortages.
Housing construction takes time, so while the plan spans 15 years, it will take several years for new units to be built and become available.
Syrian opposition forces swept into another government stronghold as they continue with their largest offensive in years against the government of President Bashar al-Assad. It's been a milestone week for cryptocurrencies as a single Bitcoin hit a valuation of one hundred thousand dollars. And, officials in New York City have taken a step toward addressing the city's housing crisis with a new plan that could pave the way for 80,000 new homes over the next 15 years. *Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter).Today's episode of Up First was edited by James Hider, Pallavi Gogoi, Andrea DeLeon, Lisa Thomson and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Ben Abrams. We get engineering support from Arthur Laurent. Our technical director is Carleigh Strange. And our Executive Producer is Erika Aguilar. *Learn more about sponsor message choices: podcastchoices.com/adchoices)NPR Privacy Policy)