Also make records of important contacts, such as:
A man stands near an embankment eroded by the Meghna River in the Ramdaspur village in the Bhola district of Bangladesh on July 5, 2022. (AP Photo/Mahmud Hossain Opu)Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative
. The AP is solely responsible for all content.NEW YORK (AP) — Wall Street’s quiet corner is making noise again.While the bond market is typically seen as slower moving, it can pack a heavy punch when it’s alarmed. And right now, it’s getting worried about how much more Washington is preparing to pile onto its spiraling mountain of debt because of its desire to cut taxes.
The House of Representatives approved aearly Thursday that could add trillions of dollars to the federal government’s debt, and it’s heading to the Senate next. Worries about the U.S. debt have sent yields jumping in the bond market, which in turn has
. The S&P 500 is potentially heading toward its worst week in seven.
In the past, angry reactions from the bond market have been so strong that they’ve forced governments to backtrack on policies and even led to the ouster of some political leaders. To be sure, many veteran investors say it would be overblown or at least premature to say “bond-market vigilantes” are rounding up this time around, because yields have not jumped high enough to indicate a crisis. But the higher yields will nevertheless have wide-reaching effects.British archaeologists first discovered the sand-filled tombs in the 1930s, awed by the colorful paintings on the wall depicting vibrant grape vines twining their way around birds, animals, and mythological characters.
But for nearly a century, the site was dormant and closed to the public to protect the paintings. As new apartment buildings sprouted around the area, the city decided to turn the site into an educational park and renovate the tombs to allow public visits.“This tomb has wonderful paintings that were preserved remarkably well, and that’s surprising considering that the time that has passed and the location next to the sea, the humidity, the sand, the winds, everything affects the plaster and the paintings,” said Anat Rasiuk, an archaeologist with the Antiquities Authority.
The tombs, located a few hundred meters from the beach, were likely the burial place for aristocratic Romans some 1,700 years ago, when Ashkelon was a Roman city, according to archaeologists.The vibrant paintings, which stretch across the vaulted ceiling and include intricate designs across the walls, show nymphs with lotus plant wreaths, birds, deer, children picking bunches of grapes, a figure playing Pan’s flute, and figures from Greek mythology such as Demeter, the goddess of the earth and grain, and the head of Medusa, with her hair made of snakes, that were also adopted by Roman mythology.