Wall Street and the dollar tumbled. Investors worldwide appeared skeptical about U.S. investments because of trade war worries and President Donald Trump’s criticism of the Federal Reserve. The S&P 500 fell 2.4% Monday and was 16% below its record set two months ago. The Dow Jones Industrial Average dropped 2.5%, and the Nasdaq composite sank 2.6%. U.S. government bonds and the dollar also sank. – The Associated Press
Related Monitor stories: We looked at how trust in U.S. currency is falling. (Read about the president’s clash with the Fed, below.)
Ukraine reported Russian attacks amid a ceasefire. The head of its southern Kherson region said strikes during the 30-hour Easter pause declared by Russian President Vladimir Putin over the weekend killed three people in the region, wounding three others. Ukraine said it would reciprocate any genuine ceasefire by Moscow but voiced skepticism over the Kremlin’s intentions. – AP
Related Monitor story: As a Ukrainian military chaplain ministered to troops on the front lines on Easter Sunday, it cast a spotlight on their hopes and concerns.
Harvard announced it is suing the Trump administration. The university aims to halt a freeze on more than $2.2 billion in grants. Earlier this month, the Trump administration had called for broad reforms at the university, including changes to its admissions policies and the auditing of views on diversity. Harvard President Alan Garber said the university would not bend to the demands, and the government froze billions in federal funding. – AP
Calls mount for a closer look at Gaza medics’ killings. The Palestinian Red Crescent on Monday called for a “serious investigation” into the killing of 15 aid workers in Gaza last month. The Israeli military on Sunday admitted “professional failures” and disciplined two officers over a March 23 incident, in which an Israeli military unit in Gaza fired on ambulances, a fire truck, and a United Nations vehicle. The advocate general’s office may take further action, including possible criminal action, the military said. – Reuters
The Education Department will call in student debt. It announced Monday it would begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers. Roughly 5.3 million borrowers are in default on their federal student loans. Beginning May 5, the department will begin involuntary collection by withholding payments from the government, including tax refunds and benefits, from people with past-due debts to the government. – AP
A sequoia grows in Detroit? Arborists are turning vacant land on Detroit’s east side into a small urban forest of giant sequoias. Native to California’s Sierra Nevada, the trees are threatened there by wildfires. Detroit is the pilot city for the Giant Sequoia Filter Forest. The nonprofit Archangel Ancient Tree Archive donated dozens of sequoia saplings that are being planted by staff and volunteers from Arboretum Detroit to mark Earth Day April 22. – AP
Related Monitor stories: Last year, we covered urban tree-planting in Louisville, Kentucky.