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Commercial vessels wait to pass the Bosphorus strait during a misty morning in Istanbul, Turkey, October 31, 2022.
Hard Numbers: Grain deal extension woes, FRB rescued, loose Libyan uranium, global coke binge
120 or 60: Although the Black Sea grain deal will almost certainly get extended before it expires Saturday, Russia and Turkey are tussling over how long that extension should be. Ankara — backed by Ukraine and the UN — wants to prolong the agreement for another 120 days, while Moscow is insisting on 60 days, presumably to pressure the West to lift sanctions against certain Russian payment systems.
30 billion: Asian and European stock markets on Friday saw gains hours after a group of 11 big US banks swooped in to rescue First Republic Bank, an embattled regional lender. The banks injected $30 billion into FRB to shore up confidence in the US banking system following the recent collapses of Silicon Valley Bank and Signature Bank.
2.3: A warlord has recovered an estimated 2.3 metric tons of uranium ore that had gone missing in eastern Libya. The uranium was probably left over from the late dictator Moammar Gadhafi’s defunct nuclear weapons program.
35: Global cocaine production surged by a whopping 35% in 2020-2021, according to a new UN report. One of the main reasons is that drug cartels have taken over coca-cultivating areas of Colombia previously run by the FARC and are competing to churn out more powder for Americans and Europeans to snort.
How to solve Colombia's cocaine problem
According to a 2022 White House report, during the pandemic, coca cultivation and production in Colombia reached a record 245,000 hectares and 1,010 metric tons. In an exclusive interview with GZERO World, Colombia's new president, Gustavo Petro, said that enough is enough.
“It's shameful that just because we are the producers of the coca leaf or cocaine we’ve believed that we must silence ourselves and accept the policies of world powers in this regard, even though they are totally wrong. This must end.”
Key to curbing Colombia’s drug problem, Petro explains, is reassessing the Colombia-US relationship.
The Biden administration has already signaled to Petro that they know the War on Drugs has failed. But both nations, Petro argues, must stop viewing the jungle as “the enemy.” Only then can there be progress.
Watch the GZERO World episode: Gustavo Petro: the guerilla-turned-president who wants to "develop capitalism"
The Graphic Truth: Opium keeps the Taliban going
The Taliban (officially) banned opium cultivation last April, as they did before 9/11 and the subsequent US invasion that ousted them from power in Afghanistan. But in the 20 years that followed the group became the Pablo Escobars of the global poppy trade by taxing opium farmers. Now the Taliban say growing poppies is again verboten, but this year's harvest is mostly in the bag, and enforcing the ban won't be easy. We look at opium cultivation in Afghanistan since 1996, when the Taliban first ruled the country.
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- No exit from Afghanistan - GZERO Media ›
- António Guterres: Let's deal with reality by engaging the Taliban - GZERO Media ›
- António Guterres: Let's deal with reality by engaging the Taliban - GZERO Media ›
- Taliban 2.0: Afghanistan on the Brink (US AWOL) - GZERO Media ›
- The Taliban has only made “cosmetic changes” since the 1990s, says author Ahmed Rashid - GZERO Media ›
- Has the Taliban changed since the 1990’s? - GZERO Media ›
Dairo Antonio Usuga David, alias "Otoniel", top leader of the Gulf clan, poses for a photo while escorted by Colombian military soldiers inside a helicopter after being captured, in Turbo, Colombia October 23, 2021.
What We're Watching: Colombia nabs top druglord
Colombia nabs top drug kingpin: Colombian security forces have arrested Dairo Antonio Usuga, the most-wanted drug kingpin in the country since Pablo Escobar. Usuga – known by his alias Otoniel – is head of the notorious Gulf Cartel, and will likely be extradited to face a slew of charges in the US, which had a $5 million bounty on his head. While some say Otoniel's capture is a big win for Colombia, others say that rather than striking a blow to narco-related violence, the strategy of taking down kingpins creates more power struggles within cartels, in turn leading to more violence and bloodshed. This was the case following the 1993 death of Escobar and the 2016 arrest of "El Chapo" Guzmán in Mexico. Still, if Otoniel spills the beans on his operations in exchange for a lighter sentence in America, that could provide critical intelligence for Colombian and US drug enforcement to better target other narcos at a time when large swaths of rural Colombia are now ruled by gangs, contributing to regional instability.