#economic-crisis

#economic-crisis

Both Quiroga and Paz sought to sell themselves as candidates of change and promise to pivot the country away from two decades of populist economic policy. The election comes after MAS, founded by former President Evo Morales, was voted out of government in an August 17 election. The result was seen as an expression of voters' frustration over party infighting as well as national fuel shortages. Quiroga and Paz had both pledged to fix the exchange rate, restructure state-owned businesses and attract foreign investment.

Cameroon goes to the polls on Sunday for a presidential election with Paul Biya, already the world's oldest head of state at the age of 92, the favourite to win an eighth term in power in the central African country. A fractured opposition of 11 candidates is standing against Biya, who, despite his advanced age and declining health, has dismissed calls for him to retire.

Following a meeting on Tuesday last week on the sidelines of the United Nations General Assembly (UNGA) in New York, US President Donald Trump described his Argentinian counterpart, Javier Milei, as a truly fantastic and powerful leader. He told reporters, I'm doing something I don't often do I'm giving my full endorsement to him. The next day, US Treasury Secretary Scott Bessent said that he was working in close coordination with President Milei and would do what is necessary to support Argentina's economy.

Javier Milei has lost his lucky star. His redeeming power, emanating from the forces of heaven, as he often likes to say, was mercilessly crushed at the September 7 election in Buenos Aires province by Kirchnerist Peronism, the very embodiment of all possible evils in Milei's view. The unexpected and resounding result in favor of the left a difference of almost 14 points, a million votes exposed the king.

"Carney keeps ratcheting up expectations. When he tabled Bill C-5, he called it 'a day that has been literally decades in the making.'"

The ruling National Council for the Defense of Democracy (CNDD-FDD) party, led by President Evariste Ndayishimiye, faces little electoral threat after a series of moves neutralized its primary rival, the National Freedom Council (CNL).

Trump has passed no major legislation, and his economic interventions have had the opposite effect of Roosevelt's, injecting uncertainty into a healthy recovery and seeding an economic crisis.

Maybe that's why the President is calling. What could he possibly have to say? The film cleverly captures the bewilderment of billionaires facing global crises.