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The Curious Case of a Cyprus Ghost Town

FAMAGUSTA, Cyprus — Eleni Ellinas can still hear the sound of the air raid sirens that woke her after 5 a.m. on Aug. 14, 1974. The Turkish military had invaded Famagusta, on the eastern coast of Cyprus. Within the city lay Varosha, a…

Who to Believe? Jerome Powell or the Markets?

Last Friday provided a split-screen view of the markets and the Federal Reserve.Fed Chairman Jerome Powell sought to tamp down some of the exuberance among investors that the central bank is done with raising interest rates and will…