40: A week after Italian PM Mario Draghi's official resignation, a far-right coalition is on track to win the Sept. 25 parliamentary election. A Politico Europe poll says the Brothers of Italy, Lega, and Forza Italia parties will together scoop up 40% of the vote.
148 billion: China's central bank wants to mobilize $148 billion to help banks issue low-interest loans to heavily indebted real-estate developers so they can finish countless unfinished projects nationwide. Some Chinese homebuyers recently stopped paying their mortgages on these unfinished projects.
26: Argentina’s Economy Minister Silvina Batakis is reportedly getting fired after only 26 days in office. The president and the VP are too busy fighting each other to come up with a solution to the country’s deepening economic crisis, including an ongoing run on the peso and sky-high inflation.
500: A Ukrainian computer programmer bought an empty missile tube used against a Russian armed personnel carrier for $500. The charity auction in Lviv put a spotlight on the perhaps macabre but very real rising demand for war souvenirs.Over the past two weeks, President of El Salvador Nayib Bukele has sent around 2,000 troops to Haiti to rescue four Salvadoran nationals working in Haiti who were kidnapped by gangs. But the self-proclaimed “world’s coolest dictator” may have bigger ambitions.
In the end, the long-predicted “blue wave” turned into a tsunami as the Democrats, harnessing widespread frustrations over high living costs, opposition to the war in Iran, and misgivings about Trump’s deportation policies, swept back to power on Capitol Hill.
Last night’s wins were not only pivotal, but also broke multiple glass ceilings in American politics.
The elections are widely seen as a referendum on the African National Congress (ANC), the party that has governed South Africa since the end of apartheid, amid frustration over pervasive corruption, crumbling public services, and rising migration.