In this podcast, they discuss the escalating conflict between Israel and Hamas, political tensions in the UK over Israel's response, and the frontrunner in Argentina's presidential election. They also explore the potential benefits and risks of Argentina dollarizing, and the contenders for the upcoming election.
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Quick takeaways
Escalating tensions between Israel and Hamas have prompted the US, Britain, and Germany to advise their citizens to leave Lebanon amid fears of a wider conflict.
Argentina's upcoming presidential election sees Javier Mille, a radical outsider advocating for shrinking the state, cutting spending and taxes, and dollarizing the economy, emerge as the front-runner, although dollarization presents potential risks.
Deep dives
Growing concern over conflict between Israel and Hamas
The US, Britain, and Germany are advising their citizens to leave Lebanon as tensions escalate between Israel and Hamas. There is a fear that the conflict might escalate into a wider regional issue. Shelling and rocket fires have intensified, and Israel's Defense Minister has suggested a possible ground invasion into Gaza. Political tensions in the UK are rising as well, particularly for the Labour Party.
Political ramifications for the UK's Labour Party in the Israel-Hamas conflict
The conflict between Israel and Hamas is causing political difficulties for the UK's Labour Party. While the Conservative and Labour parties have historically supported Israel, Labour leader Keir Starmer's pro-Israel stance has faced backlash from influential Muslim members of his party and sections of the left. There is a growing mutiny in Labour's ranks, and this conflict could pose a bigger problem for the party as the situation in Gaza worsens.
Javier Mille, the unconventional front-runner in Argentina's presidential election
Javier Mille, an eccentric economist, is the front-runner in Argentina's upcoming presidential election. Mille gained popularity through his TV appearances where he advocates for radical economic changes, including shrinking the state, cutting spending and taxes, and dollarizing the Argentine economy. His supporters, including some relatively well-off and young individuals, endorse his extreme libertarian views. However, dollarization poses risks, such as tying the economy to the US interest rate cycle and limiting monetary policy control.
The US, Britain and Germany called on their citizens to leave Lebanon, political tensions in the UK are starting to boil over about Israel's response to Hamas's attacks, and the FT’s Michael Stott tells us why a radical outsider is the frontrunner in Argentina’s presidential election.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.