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President Trump tweeted Thursday that he'll sanction Turkey — and "hit [it] very hard financially" — if the country doesn't "play by the rules" in northern Syria.

Turkey has been planning to attack the Kurds for a long time. They have been fighting forever. We have no soldiers or Military anywhere near the attack area. I am trying to end the ENDLESS WARS. Talking to both sides. Some want us to send tens of thousands of soldiers to the area and start a new war all over again. Turkey is a member of NATO. Others say STAY OUT, let the Kurds fight their own battles (even with our financial help). I say hit Turkey very hard financially & with sanctions if they don’t play by the rules! I am watching closely.

Why it matters: While Trump's statement is similar to his threat to "obliterate" Turkey's economy from earlier this week, it's now clear that his red line in the region is not simply the start of a Turkish offensive against the Kurds.

  • However, his vagueness surrounding what might actually prompt action against Turkey is not likely to quell dissent among his fellow Republicans, who have been largely united in decrying his decision to withdraw from northern Syria.

Worth noting: Turkey is a NATO ally, and Turkish President Recep Tayyip Erdoğan and Trump will meet next month at the White House.

Go deeper: Syria decision exposes Trump to political peril

Go deeper

Coronavirus hospitalizations top 100,000 for the first time

Expand chart
Data: The COVID Tracking ProjectHarvard Global Health Institute; Cartogram: Danielle Alberti and Andrew Witherspoon/Axios

More than 100,000 Americans are now in the hospital with coronavirus infections — a new record, an indication that the pandemic is continuing to get worse and a reminder that the virus is still very dangerous.

Why it matters: Hospitalizations are a way to measure severe illnesses — and severe illnesses are on the rise across the U.S. In some areas, health systems and health care workers are already overwhelmed, and outbreaks are only getting worse.

Dion Rabouin, author of Markets
26 mins ago - Economy & Business

Our make-believe economy

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

New hope for "smart cities"

Illustration: Sarah Grillo/Axios

It's time to polish our gleaming vision of urban environments where internet technology makes everything from finding a parking space to measuring air quality a snap.

Why it matters: The Biden administration's Cabinet appointees are likely to be champions of bold futurism in urban planning — which could mean that smart infrastructure projects, like broadband deployment and digital city services, get fresh funding and momentum.