Alsephina

Members of the Ezzedine al-Qassam Brigades, armed wing of the Palestinian Hamas movement, parade in Gaza City after Hamas threatened a renewed escalation over a planned right-wing Israeli march through flashpoint areas of annexed east Jerusalem on Thursday

Argentina’s poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei’ s presidency, the statistics agency reported Thursday, a steep rise reflecting the pain of the country’s most intense austerity program in recent memory.

The government’s finding that Argentina’s half-year poverty rate in 2024 had surged to its highest level since 2003, when the country was reeling from a catastrophic foreign debt default and currency devaluation, marks a setback for the far-right economist. So far, foreign investors and the International Monetary Fund — to which Argentina owes $43 billion — have cheered his controversial fiscal shock therapy that has succeeded in pulling down the country’s monthly inflation from 25.5% last December to 4.2% in recent months.

Argentina’s inflation, now running at more than 230% annually, is among the worst in the world.

Unlike previous populist governments that kept consumer spending high at the cost of a massive budget deficit, Milei dismantled price controls, cut subsidies on energy and transport and devalued the peso by 54% in December after taking office.

The austerity measures and deregulation have marked a brutal contraction in spending power and dragged the economy deep into recession.

A thinning safety net

Of the millions who can’t clear Argentina’s official poverty level of about $950 a month in local currency for a family of four, even more have tumbled into destitution. Thursday’s poverty report showed that Argentina’s extreme poverty rate had shot up to 18.1% during Milei’s first six months as president from 11.9% in the last half of 2023.

A jobs crisis

The runaway inflation — shocking even for Argentines who lived through years of annual inflation averaging above 50% — has forced middle-class Argentines to cut back on spending and drain their savings.

The economy has contracted 3% so far this year. Government surveys reveal that both Argentina’s vast informal jobs market and formal workforce have hemorrhaged hundreds of thousands of jobs since Milei took office.

That has put more of Argentina’s once-robust middle class in danger of sliding into poverty.

Sky-high bills

For decades low-paid Argentines have navigated their upside-down economy by padding their meager incomes with government cash transfers and generous subsidies that reduced the cost of utilities, food and transport.

But utilities bills jumped over 200% for many after Milei scrapped the subsidies to trim the deficit.

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Marxist-leaning Anura Kumara Dissanayake has taken office as Sri Lanka’s president shortly after winning the country’s election.

Dissanayake, who was sworn in on Monday after winning Saturday’s polls, has inherited the top job in a nation battered by austerity measures imposed as a part of a bailout deal with the International Monetary Fund (IMF).

These austerity measures — hikes in income taxes and electricity prices — were introduced under outgoing President Ranil Wickremesinghe.

Wickremesinghe took over as leader after his predecessor Gotabaya Rajapaksa was ousted in 2022 following the country’s economic collapse and amid mass public protests that Dissanayake and his political party, the Janatha Vimukthi Peramuna (JVP), were part of.

In his inauguration speech, Dissanayake pledged “cleaner” politics. “People have called for a different political culture,” he said.

“I am ready to commit to that change.”

His presidential campaign was built on the promise of fighting corruption.

Dissanayake has also been critical of Wickremesinghe’s $2.9bn bailout deal with the IMF.

Now in power, he faces questions over how he might navigate the island nation’s economic challenges at a time when it is deeply fractured.

While campaigning, the NPP argued that the current terms of the IMF programme are not favourable to the disadvantaged poor and working classes, Rajni Gamage, a research fellow at the Institute of South Asian Studies at the National University of Singapore, told Al Jazeera.

Cuts in social welfare schemes and increases in taxes made by Wickremesinghe’s government as a result of the IMF deal have hurt economically weaker sections of society the most.

“They [the NPP] feel like the deal has been quite unfair and that it favours the more wealthier sections more,” Gamage said.

Dissanayake said he will renegotiate the IMF bailout plan to make the austerity measures more bearable.

Even though he won the election, Dissanayake did not get the votes of many Tamils, who make up 12 percent of the population of 22 million and are the country’s largest ethnic minority.

Still, Dissanayake made a call for unity in his inauguration speech.

“There are things I know and things I don’t know, but I will seek the best advice and do my best. For that, I need the support of everyone,” he said.

Tamil leaders have expressed optimism that Dissanayake will steer clear of sectarian politics.

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French President Emmanuel Macron has unveiled his new government almost three months after a snap general election delivered a hung parliament.

The long-awaited new line up, led by Prime Minister Michel Barnier, marks a decisive shift to the right, even though a left-wing alliance won most parliamentary seats.

It comes as the European Union puts France on notice over its spiralling debt, which now far exceeds EU rules.

Among those gaining a position in the new cabinet is Bruno Retailleau, a key member of the conservative Republicans Party founded by former president Nicolas Sarkozy.

Just one left-wing politician was given a post in the cabinet, independent Didier Migaud, who was appointed as justice minister.

France's public-sector deficit is projected to reach around 5.6% of GDP this year and go over 6% in 2025. The EU has a 3% limit on deficits.

Michel Barnier, a veteran conservative, was named as Macron’s prime minister earlier this month.

Members of the left-wing alliance, the New Popular Front (NFP) have threatened a no-confidence motion in the new government.

Far-left leader Jean-Luc Mélenchon called for the new government to "be got rid of" as soon as possible.

On Saturday, before the cabinet announcement, thousands of left-wing supporters demonstrated in Paris against the incoming government, arguing that the left’s performance in the election was not taken into consideration.

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The vast majority of the world voted at the UN General Assembly to demand an end to Israel’s unlawful occupation of Palestinian territory within 12 months, with 124 countries (64%) in favor, 14 (7%) against, and 43 (22%) abstentions.

The General Assembly resolution was based on a July ruling by the top UN legal authority, the International Court of Justice, which stated that “Israel’s continued presence in the Occupied Palestinian Territory is unlawful” and that “Israel is under an obligation to bring to an end its unlawful presence in the Occupied Palestinian Territory as rapidly as possible”.

The countries that voted against the resolution, in effect supporting Israel’s illegal occupation, were the United States, Israel, Argentina, Czechia, Hungary, Malawi, Papa New Guinea, and Paraguay, plus the tiny Pacific island nations of Fiji, Micronesia, Nauru, Palau, Tonga, and Tuvalu.

These small island countries that consistently echo Washington’s unpopular votes in the UN are essentially unofficial US colonies, and mostly use the US dollar or Australian dollar as their currencies. Together, the six have a combined population of just over 1 million people, making them some of the smallest nations on Earth.

Among the large countries that abstained were India, Australia, Canada, the Democratic Republic of the Congo, and Ethiopia.

However, in a break with Washington, a few longtime US allies voted in support of the resolution, most notably Japan, as well as France, Ireland, Portugal, and Spain.

Several countries did not vote in the September 18 General Assembly session. These include a few nations that would without a doubt have supported the resolution, such as Venezuela, which lost its voting rights because it cannot pay UN membership fees due to illegal Western sanctions. The US and its European allies have stolen billions of dollars of Venezuelan foreign assets and reserves, and Washington has blocked Venezuela from using the US-controlled financial system.

The resolution was not controversial; it simply called for the implementation of a decision by the International Court of Justice (ICJ), the UN’s top legal body.

On July 19, the ICJ issued a historic ruling stating:

– the State of Israel’s continued presence in the Occupied Palestinian Territory is unlawful;

– the State of Israel is under an obligation to bring to an end its unlawful presence in the Occupied Palestinian Territory as rapidly as possible;

– the State of Israel is under an obligation to cease immediately all new settlement activities, and to evacuate all settlers from the Occupied Palestinian Territory;

– the State of Israel has the obligation to make reparation for the damage caused to all the natural or legal persons concerned in the Occupied Palestinian Territory;

– all States are under an obligation not to recognize as legal the situation arising from the unlawful presence of the State of Israel in the Occupied Palestinian Territory and not to render aid or assistance in maintaining the situation created by the continued presence of the State of Israel in the Occupied Palestinian Territory.

Since war broke out in Gaza in October 2023, Washington has repeatedly vetoed Security Council resolutions that call for peace and a ceasefire.

US President Joe Biden has strongly supported Israel as it has brutally bombed civilians in Gaza, in what UN experts say is a campaign of genocide.

In a press conference in Tel Aviv in October, Biden asserted that “if Israel didn’t exist, we’d have to invent it”, given how strategic the colonial state is for US imperial interests.

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Tune in on October 19.

As the narrator for Disco Elysium: The Final Cut, Lenval Brown recorded 350,000 words of dialogue. His warm, crackling tone is one you'll associate with Disco Elysium forever after playing it, though he's also popped up elsewhere—like in retro shooter Ultrakill, city builder Republic of Pirates, and as the host of our own documentary series, Tales from the Hard Drive.

Next he'll be playing the RPG he's most famous for as a charity fundraiser, "where he will play the game and talk about his experience as a voice actor for Disco Elysium." It'll be part of Workshops 4 Gaza, a series of benefits where writers, artists, and teachers offer online courses in return for donations to Palestinians in Gaza.

To register for Voice of the Narrator: A Disco Elysium livestream, you'll need to donate to a gofundme to help Dr. Alaa Abu Musa and his family evacuate the Gaza Strip. (Suggested donations are $US60.) Then fill out the registration form linked at the Workshops 4 Gaza event page. The livestream will take place on October 19, from 3–5pm EST.

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Donald Trump is escalating his threats to increase tariffs on imports if he wins a second term in the White House, reviving fears of renewed trade wars that hit the global economy during his presidency.

On Saturday, Trump went further, promising tariffs of 100 per cent on imports from countries that were moving away from using the dollar — a threat that could engulf many developing economies too.

“I’ll say, ‘you leave the dollar, you’re not doing business with the United States. Because we’re going to put a 100 per cent tariff on your goods,’” he said at a rally in Wisconsin.

“If we lost the dollar as the world currency, I think that would be the equivalent of losing a war,” he told the Economic Club of New York on Thursday.

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The People’s Liberation Army will take part in joint military exercises in Brazil, a rare step for the Chinese military in the western hemisphere.

A detachment of the PLA Marine Corps will travel to take part in Exercise Formosa 2024 at the invitation of the Brazilian military, the Chinese defence ministry said on Thursday.

The exercises, with a focus on joint landing and anti-landing combat drills, would “deepen friendship and cooperation between the Chinese and participating militaries and enhance their ability to jointly respond to security risk challenges”, the ministry said in a statement on its website.

Exercise Formosa is an annual exercise hosted by the Brazilian Marine Corps that last year also included the United States, Germany, France and South Africa. The US Marine Corps has been a regular participant in previous drills. It is not clear which countries will take part in the exercise this year.

In recent years, China has hosted military medicine forums, senior military officer seminars and defence forums for Latin American countries, but it is not common for the Chinese military to travel to the region to take part in operations.

This year has seen an improvement in relations between China and Brazil. Brazilian President Luiz Inacio Lula da Silva announced in July that his administration planned to join the Belt and Road Initiative, China’s flagship infrastructure and investment project.

Also in July, Chinese Defence Minister Dong Jun met visiting Brazilian army commander Tomás Ribeiro Paiva in Beijing.

Dong said during the meeting that the two militaries should “strengthen exchanges and learn from each other” to “jointly improve capabilities and take military relations to a new level”.

Brazil took part in Rim of the Pacific (Rimpac), a multinational military exercise led by the United States, from June 27 to August 1.

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