it was correspondence on the ground. we have to make a decision between patients who saved and who to ness. this damage was caused by one of the rockets 5 from gaza there on us other houses for them. so it'd be 9 policy and hospitals with them. but just by the is really occupation forces. this is just the beginning. stay with us for the latest developments on i'll just say around feeling the heat of the world goes of israel says the funny thing is costing it millions of dollars every day and the devastation industry is unprecedented. so what's the real cost to both sides? and what's the impact in the region and globally, this is inside story, the

hello and welcome to the program. i'm told me to try the depletion workforce, the closure of schools and businesses. and now spiraling military expenses. economists will and the cost as relevance for ongoing. so it will be unlike anything it has experienced in decades, as well as declaration of war more than 3 weeks ago, following a surprise attacked by a mazda, has jolts at global financial and energy markets. now, international financial institutions say the ongoing conflict will have bigger most of it risks for the global economy. we'll be discussing those issues without panel in just a few minutes. but this, this report by car leg the day of today, israel is devastating attacks. keep coming on the siege by se in land gauze of face as a humanitarian, an economic catastrophe is ro escalates its military defensive. the will run gaza is also heating its own economy. since from

us launched is operation more than 3 weeks ago. israel stocks and currency for in many of its businesses and schools remain closed and international airlines have canceled flights. now it's government has been forced to roll out to major war time stimulus program that's expected to raise public debt. already 3 credit rating agencies wound israel, credit worthiness could be downgraded with the s and p global ratings. agency changing its outlook from stable to negative. that hasn't faced this man. israel finance minister, he says he doesn't yet have a full assessment of the cost of the war. after noticing the national budget was no longer relevant. the cost of war is expected to increase israel and the a $500000000000.00 economy is one of the most developed in the middle east. it's expected to contract by 5 percent in the final quarter of the year known as the

nation. so startups, it's tech industry that accounts for 18 percent of its gdp and hospitable exports is suffering production at a major offshore gas field that's reported to provide 70 percent of the country's energy needs has stopped. and its currency has lost value against the dollar. almost every day for the past 3 weeks, hitting an a t a low with the cost of low at around $246000000.00 per day. the in direct costs are expected to increase exponentially. it's a very difficult situation. it's of war. uh, the people are, lots of people have been prep to the end, the rpm left the job market. there's the uncertainty there concerns uh that reduce people, incentives to invest, post outside money coming to his trial and, and internally us president joe biden has pledged an unprecedented funding package to israel. but the fate of that request rested in the hands of congress. the world

bank has also wounds that the global economy. is that a dangerous juncture and facing what it called? real risks? car leg inside story. the, let's bring it in now. yes. now and with to jerusalem is enough. can the klein professor of political science about alon university. he is also the author of lives in court, common arabs and jews in jerusalem. java and hebron in cold chesta is natasha instead. us policy and foreign policy specialist. she is the deputy dean and the department of government at the university of essex and in alexandria. virginia is use as many a head of the palestine israel program and senior fellow at the arab center will welcome to all of you. thank you for joining us here. on inside story, not come. if i could begin with you, 1st of all,

we had that it's costing his route $246000000.00 us dollars a day. how big is the financial burden on israel as it carries out this war? that the, this is really all the world ration cost a lot. i'm not an expert on security. finding financially shows. but the, they imagine that the whole economy is stop the 10s of thousands of productive people are quoted and the deployed, the long, they boulders. so the whole economy is way in the whole have the, they is really the check in his 0 seeing if he's of the, they already got a dollar. so it's a huge, huge brogdan is around the corner. me what,

what was may be a good not to be right, repair all the big, big, big, come back with the initial period. natasha. we've heard economists want uh, it's saying that the cost as well will be unlike anything that is experienced in decades . do you think that the people, the end, the government is prepared to pay for this? well, in the long term? are you thinking of the government of israel? yes. i think based on what that in yahoo is that they are incredibly determined and that there's no turning bach. i from what i heard it's been described as their own 911. if you were to compare, do us spent 2 trillion in the war on terror in response to 911

a. so when there's been a trauma, often governments get behind sometimes incredibly expensive of war efforts to, to, to address the trauma that the public may feel whether that is wrong or right. but that seems to be what has happened in the past. and of course, it has an incredibly detrimental effects on civilian ductile and an escalation. but i can imagine the result is quite strong use if we assume this humanitarian told the people in gaza. i've had to have had to be over the last several weeks. but what about, i'm awesome, particularly when we does it get us money from it, and it's, and presumably those are now getting reinforcements into the strip. obviously is not going to have them because of the blockades. and the closure of the board is completely what happens from a mazda is perspective about having to continually defend itself against, as well, from here as well. i think the short answer is,

we simply don't know. we don't know where this is going. we don't know how it's going to end. we don't know what the guys are will look like if there, if there is a cause at the end of the is really campaign there. if you listen to some of the statements from israeli officials talking about, and i elation talking about making guys a place that is on livable. um it's, it's, it's hard to, to really imagine what, uh, what this place will look like when they are done. we've seen massive bombardment with a huge percentage of the structures in gaza being decimated. of course this leads to, to large scale to population as well. and there's no clear sense of when the people who lived in those places will be able to go back to their homes and if they will be able to go back to their homes. so we're talking about of a completely different paradigm than the one that existed prior

to october 7th in gaza. which itself was an, a humanitarian crisis to begin with and an extremely desperate situation for most of the people that live there. so it's, it's, it's simply not clear what we do know is that the costs will be extremely high, and those who are the most vulnerable in society will bear the brunt of it. and we know that the us is backed israel wholeheartedly. since the beginning of this war and it gives roughly $3900000000.00 a year. and there is another financial aid packages being proposed by the buttons administration. how dependent is israel on the us when it comes to this war? obviously, today we told him financially, so from a financial point of view, a lot of financial point of view is right. it's about the financial point of view.

but also, and the security wise is right, is fully dependent on the 9th. and how do like that space also politically and the and you and the institutions. so is right, kevin miller. so let's say a discuss itself too far from the united states is really must get no emergency aid to maintain that war to continue the war. have is ready, must continue getting us financial aid and police because have a back and got to the uh, the day after. the question is when the day after starts, when we called the day after when, when the war and where we need to. and it says fire when he really and with is really is about to i think or 2 by 3 or 2, but god street,

nobody knows these read is it says that there's really administration has no same time for the day after the finish. and when the day after starts, i want to stick with the united states here for a little bit because i also want to go to all of this. now the bottom administration, i put together a $1500000000.00 national security package that includes military instrumented terry and assistance for conflicts and ukraine as well as ro, uh, its uh, cit, $14300000000.00 of that is for is right. oh. but uh, now that there was a new speaker of the house. natasha that, uh, the republicans are now saying that they will put forward a bill that only focuses on i as royal. how complicated is this a little guessing from a political point of view and getting money to as ro, i think in terms of getting money to israel,

because the republicans are so adamant that they do want to support israel. and you see not just the republican of each but republican support for israel, most of the public, it is quite high a. and they're, they're going to ensure that to the aid, the, whatever military aid were giving. well, whatever you praying needs may be up in the air of a to ukraine, is probably not going to be up in there. they're going to try to push that through and you're seeing that there is some conversions here with by and who has been fairly pro, is really present and asking for 14000000000. and as you mentioned, and the pressure really will be more on what happens in the war and ukraine, as israel starts to need more precision guided munitions, artillery rounds and shells. we're going to come at the same time that ukraine might be needing more sophisticated weapons as well. and whether or not the u. s. can produce both of these for both countries at the same time. it is a no,

but i think what we're seeing here with the, the political climate in us with the republicans in control of the house and a more right. mean speaker, mike johnson. and then then even in the past, if that's possible, i guess real would be the priority over 8 to ukraine. use a few, obviously in the united states. and we have seen a shows of solidarity rallies. they have full palestinians, despite the united states. supportive is ro, what is the sense that uh, in terms of long term and financially backing is riley here. and i think one of the important lessons from what we're seeing here in the united states, in terms of the dwindling support for financing the ukraine war is that americans have become quite tired of supporting and list um military engagements that they don't, don't quite understand why they are taking place or why they are so important. and

now, you know, well over a year into the, you know, uh warren ukraine. more and more americans are saying, why are we doing this? why are we spending money on this? and i think, you know, while there is, of course, tremendous political support for is really here in the united states. this is a message that, you know, americans themselves are, are, are not going to want to engage their tax dollars in an open ended way, especially when there is no clear objective. no clear in game insight when it comes to what israel is doing in, in gaza. and i would say that, you know, we spoke a little bit earlier about some of the costs here and israel's reliance on the united states. you know, the, the as early as for the war and 1967 against multiple states armies. and at that time, of course, they relied on on western arms, but they didn't rely on direct american intervention. and today we see israel,

you know, needing effectively to, if not more american aircraft carriers to stave off to non state actors. and so i think israel has become more rely, you know, more and more uh, you know, dependent on the united states today than it's, than it's ever been. and the costs of this are not just going to be economic. they are going to be political costs. and policy costs as well that i think are going to re shape the way it is rarely policy makers thought about much of their, of their, you know, security situation and their economic and political relations as well. natasha just briefly. there's obviously going to be an election in the united states next year. how big of part is financial package to israel going to play a part in that election? do you think i or i'm not sure. it's going to play a huge part because we see other issues becoming more important, whether it be the fight for democracy is justified in trunk contest or issues

related to inflation or issues related to the border. americans have typically not prioritized a foreign policy issues in, in voting as much as some of these other domestic issues. but we'll have to see how things unfold. i mean, at the moment though much of the international community is asking for a cease fire and very concerned about the part of an innocent palestinians civilians. the polling data that we're seeing in the us, it is showing that finding isn't stuck with much of the public. you have even 72 percent of democrats saying that they feel protecting israel is important aspect of american foreign policy and 80 percent of republicans. and only 18 percent of americans thought that is really response has been too harsh. so i think it's possible if the war goes on and becomes very expensive, it could be a drain, there could be some fatigue. but as long as us troops aren't directly involved,

i don't see it as being a huge issue in the 2024 election because it'll be overshadowed by other domestic issues, of course. okay, thank you. i want to get back to this point. yeah, of course uses. yeah, because i, i just, i, i do think there are complications here, especially when you look at sort of the demographic breakdowns and some of the following on this issue. there are some key demographics that the biden campaign needs to have strong turn out in particularly younger americans who see the situation very differently than their, their older counterparts. and i think that this is going to be a real challenge for abiding re election campaign and add to that of course, an error. but most of them community here in the united states, which is outraged over the, by the administration's approach to this so far. and when you consider how narrow elections are here in the united states,

and how key constituencies can make massive differences in very specific states. if, if it becomes a significant problem for a election campaign that relies on a large and diverse coalition, like the democrats tend to do and rely on significant use turn out as well. so while the overall public opinion polling is supportive, when one reads between the lines, there are a significant alarm bells political alarm bells that should be going off in a bite and campaign headquarters. you know, i want to get back to this sense inside it is right now, knocking. is there a discussion going on in israel at this point in time, consumed over how it will be able to pay for this for within the finance minister. come out and say that this is budget is no longer relevant. the s and p global risings agency is downgraded the economic outlook from staples to negative. is there any discussion about this at all?

the only limited discussion there is a growing awareness of the compensation of the the view which amount of money needed to reconstruct. they destroyed the keyboard save and the towns adjacent to god's history they, they are destroyed and add the tools that they of up to ation. of those places, tens of thousands of people know totally it, but they are guys a street, but also the roof as long today's ready to leap in boulder. so the people are living in a distance of up to 5. keep them with us in the north, where ask by the government to evacuate that and go to the terrace that the government funds for them. it temporarily. of course. so much of the fact

depends how long the war continues. whether the war expands also to the door, say in the 2nd front, openness between these right and b, but let me add to that that this function and get to where the government, there's really a government performance of very, very poor. do you want to do from the cause of some reasons but but the, the performance of very, very for the last few days, there's really copying that pulling the code in the door for the red building g a bit. so they keep a team and those are in south seas, right. so it will take much time as there is really is where the learn wise walking and the i,

i don't know how it will end up knowing natasha. we hear the little bit there about a potential us they confront opening what would be the consequences if, if israel, as a force to fight his blog in the north as well as him off in the south. well, i think it would be catastrophic, of course, it would be incredibly difficult for this release to have to do this. but if i just worry about the war becoming even more internationalize more is that become more internationalize, of course, have much higher civilian, ductile, and they go on for much longer. and this would be the last thing that we would need, of course at the moment when we're trying to get a cease fire to attend to the civilian casualties and humanitarian crisis facing gaza, where they're struggling to get to water and electricity. uh and just basic needs met and if we then get into a 2nd front, this will put a strain on any kind of effort to do this. but then we also see that when

international actors get involved, the death toll just rises. as i mentioned. yes, uses this obviously the occupied with bank, which is another issue here. obviously people and guys are uh, living uh, a nightmare at this point in time. and this, the financial impact of this for is going to have inside as well. but what about for those palestinians trying to earn a living in the occupied with bank? how difficult is that now and will continue to be in the future as the as well there's, there are parts of the west bank, including in the area, see where some palestinians live, where the economic situation has for many years been more desperate than the economic situation in gaza, which is something we don't often hear about and can't really wrap our heads around . but of course, the military occupation and in the west bank is debilitating for uh its uh, economic prospects and really deprives billions of dollars worth of economic

growth from the policy and economy in the west bank. you know, since october, 7th, things in the west bank of becoming become much, much worse. as really settlers who received additional arms from their supporters. india's rarely government, i have carried out numerous attacks against palestinians in the west bank. this is something that has been escalating in recent months and years prior to october 7th, and there is elevated violence against palestinians now in the west bank with over a 100000 units that have been killed by their soldiers or settlers since october 7th. this comes at a time where violence against palestinians in the west bank was edits highest point since international organizations like the united nations, have been keeping track of, of the statistics there on these things. so the situation is extremely volatile.

and you know, we talk about the possibility of a, of a northern front. there is, of course, the real possibility that there is massive stabilization in the west bank as well. and we see a spread of this across the entirety of the map. not just, you know, uh, outside of, of israel and palestine, but inside of it as well in the natasha. i'm sure that you've seen some of the huge protests, the relative, a solo, derossi's palestinians that had been taking place right around the world. mean, for example, in london we saw hundreds and hundreds of thousands of people take to the streets. one of the main things that the cooling for is that you kind of stopped funding, stop supporting israel at how much pressure is coming on. these wisdom governments to pull it supportive as well and what the consequences will that have, do you think? well, there's certainly protests going around around the world,

not just one of them, but also in the us as well. from people upset about the government support of israel and wanting to take a tucker, stan, or beast and trying to pressure is real to, to respond with more restraint in gaza and to get some sort of ceasefire and to a, to attend to, to the needs of innocent civilians, but whether or not that actually results in a policy change, you know, we've seen there been many protests over complex over time. if you look at the big picture, i'm going to, okay to small changes courses, counter examples. we're going to actually work with the protest movement is able to influence government. but if you were to look at all of these different episodes of protests and applying pressure on governments, governments ultimately end up doing what they feel they need to do. what is their best interest in these particular moments?

mm hm. awesome. we've got a minute or 2 left that i just want to ask you to, to sum up the sense of what it is like the end as well. does it feel like everyone that doesn't really care about how much this boy is going to cost that they're willing to pay whatever price it might be? as long as israel wins would have a winning looks like the inc. looks like i'm getting great completely from the, from how about how much i, i assume that this is unachievable. uh, if i can get 3 of those how much they have there is. but from us isn't idea, or, and social welfare institution, or employee in guess either administrative shows that drugs. they've got a government agencies, it does a, it would be impossible as to, to,

to destroy. it wouldn't be a big mistake if it's read the photos last june. your body's seeing the rock, the right thing. go great, great. think it kills him. guys. a really big fire is where it's counter productive is run. must think seriously. do how to cooperate with the guys all know how to destroy the street, but these really back to my mindset. this is implementing good venture. yeah. uh, fairly danger and frustrated results thinking politically on the day after. okay, thank you so much for your insights. uh, we really do appreciate that all 3 of you coming on the program. now kim cline natasha la instead uses. i mean, i think you so much. well, thank you too for watching it. you can see the program again any time by visiting our website. i'll just share a dot com and to further discussion,

go to well facebook page. that's facebook dot com forward slash a j inside story. you can also join the conversation on x l handle is at a inside story for me. tell mccrae and the whole team here, bye for now the as the situation in gaza weeping, you expert as an analysis is not a convention of war between the 2 armies institute through states. this is a significant, more ease, really all means is not purposely so to kill children. unfortunately, children can be the casualties of the all the tests. in real time, we only taking them to call of the test. this government is mostly to solve the war, as you said, to do that, there wouldn't be no peace without justice for fast and stay with us for the latest

development on our in 543 upfront takes on the big issue. this isn't the one off. he's talking about a systemic issue here. black lives don't really matter in the police for unflinching questions is war with lawanda, imminent rigorous debate? because of lots of medical treatments, challenging conventional was the fact that people are starting to get angry about this is in itself a sign of progress. join me more for me on hills upfront one out 0 buses arrived early on friday. ready to carry people away from this town of 23002 kilometers from israel's border with lebanon. there's many here a more angry with deal, including this man in the call, the local man, one mother screens that tells me where she's going from the safest. she says the prime minister benjamin netanyahu. i voted for you all these years, but this government has failed. hotels like this one incentive kind of. these have

been preparing to host hundreds of his res, evacuated from towns and cities in the northern region. inside stops, all 3 books is full. the new arrivals, food supplies for sabbath mail that will not be celebrated in peace. the and the noise in darkness, his face bottles continue between. is there any forces and how much in garza the marine sides valves? is there a lie from town on or so coming up is right. yes. royce, of killed move and $8300.00 palestinians since october, the 7th. thousands of the victims, all children, and most of life and desktops, un officials appeal fishing, monetary.