sauce hits sauce it broke it as a success, despite losing contact within 8 minutes of the loans rocket blasted off from texas 7 months of the 1st attempt ended with an explosion. this time the booster successfully sent. well, it gets to look at some of the tools, the space for contacts was last time to catch up on all the schools headlines and his role house in the a take a look, australia in the cricket walcott final, on sunday with over 100000 funds expected for the title decide to, you know, made about what you told me. it is india going to the game as favorite style beach and having one old learn of that group matches, including a victory against somebody's opponents. the strains will be, i mean, so when the walk for a record 6 time, the thing you go to embrace it. um, you know, the crowds obviously gotta be very one sided, but a toy also in school is nothing more satisfying. and you're in a big crowd,

got solid, being and, and didn't click it that you have to deal with, but a show that is no doubt about it. so that's, that's given. and it's there, it's going to be constant. uh, today we're playing to model someone else will play the off the someone else will play. they have to deal with these kind of show the criticism and everything probably is charles. the cloud is taking poll position for the las vegas form of the one from pre qualified foss. this for head of teammate color, farts are. the sites will start down in 1212 to receiving a good penalty for using too many engine pups means while champion max was stopped and will be alongside the cloud on the front, right? australia as national football table. that part of a match rate from a walk up qualify against palestine towards humanitarian causes. in garza, the teams are due to play into ways on choose day. palestine drew neil mill with lebanon in that 1st group game. while i strongly agree bangladesh, 7 mill, high 5, amec, cnn will have the child's to become the 1st it's highly. and so when the atp finals

title he beat well, number 3, daniel met with evans such as a semi final so just to euro, so no winning $0.02 to 1636761. and english. one is produced around to remember the d. p. well, to champ achievement due by the tide, a european tool record by making 9 consecutive bodies. one of the on the back 9, he has a one shot lead heading into sunday's final round. what size are your light is spelled head large, you can get more on out. is there a dot com and what else? social media channels. and just before we go, this is the scene of northern garza as is really asked why it's continuing into a 7th week overlay. just on our website out to 0 adults come to stay with us here as well. come to the cost is the, there is no channel that covers world news like we do as

a rolling correspondence. i am constantly on the goals, covering topics from politics, to environmental issues like nothing ever seen. what we want to know is how does these things affect peoples? we revisit places day, even when they're no international headlines. houses are really invested in that. and that's a privilege. as a journalist, the $10.00 venue, this is counting the cost on algebra 0. your weekly look at the world of business economics this week and economy in ruins and united nations warns the warm dawns i could set back development and the palestinian territories by more than a decade. also this week,

spending billions of dollars to finance for israel's central bank says the conflict has a major shock to the country's economy. plus on the edge of the, of this spill over of the war and the 11 on could shatter what's left of lebanon sprintzel. and that the palestinian territories are dependent on israel for their labor and goods markets. and for basic services like water and electricity. they are locked in a cycle of under development caused by decades of is really restrictions and occupation that listing and g d p started just over 20000000000 dollars last year by comparison. israel's economy is worth nearly $500000000000.00. there you and says the war on gaza could set back development by as much as 16 years. and the longer the conflict goes on, the worst things will get. in a recent report, the u. n says g d p in the palestinian territories as full and by more than 4

percent. this is after one month of war. that's a bigger impact than any previous israel, palestine war. 2 full months of conflict would cut g, d p by an estimated 8.4 percent, or 1700000000 dollars and 3 months of war. now you're looking at 2 and a half $1000000000.00 in g d p loss. the wars also devastating the labor market, 61 percent, that's the majority of all jobs and gaza. 61 percent of jobs in gaza has been raised, and then the occupied westbank. 24 percent of jobs are gone. one quarter the poverty figures are alarming. the number of palestinians living in poverty has risen by 20 percent, and that could soon be 34 percent. if the war continues for a 2nd month, that means nearly half a 1000000 more people living in poverty. now the war has had a devastating impact on gases economy, and that's no surprise when you see flattened buildings and an entire population

under fire. we covered that in previous shows, but the u. n. has also drawing attention to the massive economic disruption in the occupied westbank. and today we're focusing on that. the territory has effectively been sealed off from israel since october the 7th, in what has been described as another form of collective punishment. palestinians and their goods cannot get into his real farmers have seen prizes collapse as their produce ends up dumped in local markets. bernard smith, reports from beta of the crops are ready for harvesting the palestinian, the farm as of last access to the main customers in his route since october, the 7th, as well as military has effectively sealed on the occupied west bank, well, sell it the jordan valleys probably science, food basket. well, we produce most of the west banks prep of it's the vet purse codes that's opening and everything comes from this range. anything else i felt when the crossing

squeeze rail are closed. all of these goods go to the local market, which causes the process to drop on sundays. we don't sell anything. i need to check is just getting to mock it is a challenge. palestinians are forced to takes acute as roots through the occupied westbank to avoid is rarely supplements the quickest route for us to days 40 kilometers. it should take 30 minutes, but it's only open to his railings. palestinians will have to take a major de tool and let them know, and i'll have it on the, at the 110 kilometers to on june. in the past 5 weeks more check points and road closures of a p. it doesn't, isn't. that isn't good enough for, but as a some check points are only open from 9 am to 6 pm. this causes problems, and it also causes harm to the small villages we have to teach or through 90 minutes later we get to the market. it's almost deserted before october, the 7th. this was

a wholesale market with route from israel and vegetables from the west bank. but now israel has put in a check point just outside there and that's choked all access to the market. because it's stopping palestinians using a main road that passes through a nearby village and these rays of done not to protect the settlers who live all around. prices of vegetables have more than 100 ships have been cut some business days have closed down highly economically, constantly afraid so much so that when we come to work, for example, like you know, i'm from novelist and i have to leave home item 1 in the morning when the check point is an easy, because if i get a late to i could be still for more than 2 hours, which impacts my work here. i supplements expand a new ones appear. those weights at check points get longer and longer significantly disrupting businesses as well as the lives of the palestinians, forced to enjoin them. burnett smith, i'm just sierra beta and the occupied westbank from ramallah any palestinian

occupied territories. i'm joined now by roger holly, the director general of the palestine economic policy research institute. thank you for being with us. we saw in that report by bernard smith, some of the ways in which an occupying power in this case is real, can squeeze the economy of an occupied territory. we saw a know that there is no freedom of movement or there's limited freedom of movement . limited access to other markets, in this case, access of policy in goods to the is really market. what are the other factors that our viewers should keep in mind? or yeah, i think is a report actually focused on something which is critical and which has yet to be as, as one of the many shocks that were, were experienced economically is yet to be felt fully. we've already in the west bank, that is the experience. the 1st thing important shock absorb which is the return around 200000 up 220-0000. but the standards we used to work in is early,

and we used to bring around $3000000000.00 in to the published in an economy, approximately 15 percent of its natural income. so those people are not, not only no longer being in that, that, that income for 2 months probably 3, possibly for the rest of the year of next year. but uh, they are now an additional uh, 1570 percent of labor force which is sitting in the west bank unemployed. so that's of an example of the, of the 1st shop. we've had others, palestinian arabs in israel, who used to bring in around $1510000000.00 here, and the economy and purchases and services. they stop coming. these are some of the immediate shops, the clearance revenue cut off by a israel, which anyhow, is going to go down because of the repressed demand. so and less and $0.40 less trade tax. uh, but the actual total we were can we fully reflect is, can we focus on that just moment is real with holding palestinian tax that it

should normally and wouldn't normally transfer it to the palestinian authority and now that transfer of money, palestinian money into the palestinian authority has been disrupted. what is the impact of that? you see, i find your, your report was very useful in that it talked about something very specific that they've added an extreme local market from them as an experienced situation today. but this is something that is structural in our economy and it's worse and better from day to day from year to year. similarly, the, the clearance tax issue, israel has been withholding, deducting unilaterally around 15 percent of what is due to the p a for the last 3 years and, and, and transferring what remains, what it decides that it is willing to part ways of posting revenues. now in october it went further. so previous deductions included it's calculation of posting and present hers and martyr's payments at night were made by the p a in the most in

october. the episode, as you were called at the end of the months, the minister of finance, the extreme is a minister of finance month that you didn't want of course to him and his allies didn't want to transfer anything. because basically, you know, as they are punishing the whole, those different people in gaza, they are punishing the rest. the boat is going to people and this is the best way to punish the. so there was a huge argument, obviously amazing american pressure and whatever. and so they said, i mean is typical of israel and said, okay, we'll, we'll transfer everything but the power shift portion of the pay i used to pay 2 guys forward the employees in gauze and pensions in god, i around a 100000000. so what was huge, monthly, a $300000000.00, let's say clearance tax transfer the be a was anyhow, a down to around $250000000.00 because of repressed amount and was gonna be another $100000000.00. was going to be taken off to the p. a said, we're not going to take it, you know, which was a correct position,

i believe in the circumstances. one more thing before i let you go, the impact over time of this war. but how do you assess that, even if this war worth it, and now look at the numbers quoted by the you and the p u. n. s. the report are good 1st, you know, back of the envelope calculations, we're all doing our calculations. different and institutions are looking at different issues. we've looked at things that we have a paper which will come up very soon on the impact of the labor force cut off. and so, i mean, there are so many different waves coming at us to begin with. and i think this is something we're gonna have a chance to talk about. but you know, gaza is, is, is we can no longer talking about the west bank and both in the palestinian economy is one if they're not talking about westbank, uh, economy, east jerusalem economy, which is another story. and of course, does that mean how guys is 0 does, does, does the commission, the idea that there are even 20 percent of its labor force working in the, at the currently is, is almost, you know,

fantastic. and the also the idea that somehow this economy is just going to pick itself up if tomorrow the, the fighting were to and, but we're already talking about, put aside the 10s of billions that we regard for relief and reconstruction. we're already talking about an annual blow to g, d p and the gross national income of up to 20 to 30 percent. i think this year in the coming in. so it's 4 percent a month is perhaps accurate. but this is a cumulative in a cumulative and a wave after wave effect that will be st. paul here in the old next year, regardless of roger holidays. thank you so much for all that context or director general of the palestine economic policy research institute. thanks for your time today. thank you very much. i the considered the economy of israel now from restaurants to high tech companies and a major gas field. thousands of is really business is ground to a halt after the country launched as war on gaza. the government is now spending

more on everything from weapons to wages for the hundreds of thousands of reservists that it called up the military duty. the finance ministry estimates the war is costing the economy around $260000000.00 every day. now that's more than a quarter of a $1000000000.00 every day. meanwhile, israel's revenue from tories and household spending has dropped. so public finance is of course or strange. a couple more numbers for you to bear in mind is real says that it raised more than $8000000000.00 in debt since the war started. the budget deficit is increasing. it's expected to reach 4 percent of economic output this year, 5 percent in 2024, and the cost to insure itself in bonds against the default is more than double what it was before the war began. the calculus, business newspaper estimates the war could cost as much as $51000000000.00. that's nearly 10 percent of israel's g d p. and that is if the conflict goes on for up to a year. and the bank of israel is calling on the government to balance 2 things.

support economy on the one hand, but also maintain a sound fiscal position. a prime minister benjamin netanyahu has about 2 quotes, open the taps and to roll out the stimulus package bigger than during the cobit 19 pandemic. that includes the cash handouts, the army reservists and businesses affected by the war. but critics say the measures did not go far enough and the eligibility criteria specifically to get that government money work to strict. i want to discuss all of this. i'm joined now by professor michael ben. god michael is professor of economics at city university of london. like all this war, we just said that number is costing is really a quarter of a $1000000000.00 a day, slightly in excess of that. why does this war come with a higher price tag for his real than previous wars? it has wage. we're thinking for instance, of the 2611 on oh, hello. so 1st of all,

the number of from cause these, i think is probably the worst case scenario. yes, the direct costs are, are likely to be about $20000000000.00 over the course of this year. and next of which about the 1000000000 is direct defense expenditure, which is more than covered by the us in package that we've received. the $14000000000.00, much of the risk will be used to support the $200000.00 to us of williams currently displaced. once the government gets actually gather and um and then rebuilding the 22000 villages destroyed to the initial attack. of course none of that can actually happen. so that's probably sometime late next year because no is going to increase the live alongside the go because the strip as long as it's controlled by from us. so the direct effect a is probably in terms of a loss of output is probably means a reduction in growth from about 3 percent to 1.5 percent. that means the loss of

about $7700000000.00. again, how much next year depends on how low the world allows. i think a full year is probably of the extreme and keep in mind, israel has about $200000000.00 in reserves. so is certainly possible to pay for everything is a rich country. what we need mostly from the united states, all right, guys with the united states and so supported. but we really need is the ability to out by the weapons, because it's, it's really not possible for us to produce, given the economies of scale everything that we, we require. of course it would be a lot better if we didn't have to spend the money on all these kinds of things. if it were my horse and since you bring up the sensor, bring up the role of the us. that's a question i wanted to ask you later, but ask you now, what happens if the us were to downsize down scale? it's financial support is real, could, is, will continue to prosecute the war the way it's been doing. oh, absolutely. i,

as i said, we have about $200000000000.00 on the service. i mean, yeah, my students back into this note, always asked me why it is that a country with a funny exchange rate has such an enormous work? trustworthy says war. yeah, uh, you know, we need this kind of, uh, back stop precisely for these kinds of emergencies. so the, the money is that the united states was giving us is, is, you know, we are normally very grateful for it. and it's not necessary for us to defend ourselves. what we do need is access to the web. so we can look forward to bias and market prices. we wouldn't be able to use the parcels that's. that's the difference . the prime minister has approved plans to amend the state budget in order to increase the deficit and cut spending on coalition agreements. now this is important just been a political route over these coalition funds, as there are no money earmarked for benjamin netanyahu, has backers like payouts for the ultimate orthodox schools. answer the various

parties comprising of the government in a letter sent to netanyahu. a group of $300.00 leading is really economists of which michael is one said quote, the grave below that israel was built requires a fundamental change in national priorities and a massive diversion of funds to deal with war damage, a to victims and the rehabilitation of the economy now they went on a basic and necessary step would be to hold the financing of anything on essential to war. first and foremost, the coalition funds. why have these coalition funds, michael, so contentious? there are a lot of the institutions because of the, a lot of political calculus about maintaining the coalition. um, you know, these are largely extraneous, the registry areas before the before the war, they are even more strenuous now. um, so it's not, it's not, it's not even the amounts that we're talking about because again, you know, $3500000000.00 is less than one percent of g p. but they're all sorts of stuff at

the time that people are being asked to make sacrifices. the politicians don't seem to be able to uh, to comes of some sort of a consensus about getting rid of a lot of these things. you know, there was a, a big effort to apply the governments to do what we would call it traditional overall, a change in the way the, the government operates to centralize more power. and it says, and what is, what is, what, what the attack and so demonstrated is that actually is the civil society that they were trying to weaken. that is actually use little spread stress. and we have a civil society 2nd to none of unfortunately attached to a government that is kind of incompetent at the moment. but you know, there's an optimistic scenario to all of that. and that is, that is easy to replace a federal government, it's much more difficult to change the population. michael, ben gab, professor of economics economics at city university of london. thank you so much, michael. have

a sporadic exchanges of fire along the lab and on israel border continue for a 2nd month. has the lives of packing is really military position, saying that it wants to release pressure on its ally. hum us and gaza. many lebanese fear that their country could be drawn into the war and they worry about further damage to an economy that is already on his needs. say no holder reports from the town. so long weapon owns border with israel are empty. homes abandoned and damaged schools, closed livelihoods, frozen a sporadic, and the times intense cross border exchange is a fire is and it's the 2nd month. hezbollah says it is relieving pressure on its ally. hum us, which is fighting is where the soldiers in gaza. a few 1000 kilometers deeper into 11 on there is no war, but it's on certain times for a population struggling with an economic crisis. the hospitality sector has been hit hard. the restaurant association reports an 80 percent drop in business.

they say people are scared and anxious about the situation. there are days when the streets are empty. several western arab governments have called on their citizens to leave or not to visit 11 on. many airlines have scaled back or canceled flights to and from baby boot, whatever is going to happen even live in on a water potential or between us and is a. and so it's really just bidding this economy into a depression. we're already into something called the speculation, but the right now it's, it's becoming a depression and the economy has people leaving. we have no doesn't, no, not at his coming. many lebanese were already struggling to put food on the table 11 on the economy collapse 2 years ago. instead of carrying out much needed reforms, politicians use the dwindling foreign currency reserves at the central bank. now

the state is nearly bankrupt and it's institutions are dysfunctional tourism and remittances from lebanese abroad have been the backbone of the economy. and while people here sympathized with the palestinians and their struggle, men, if you're a repeat of the 2006 war between has the law and as well, the most is you're the, a lot of people are worried. we're hoping nothing will happen. so people are afraid that the israelis will hit they roots as well. what is happening in the south is very bad. tens of thousands of lebanese have already left their homes, a full blown war, or even a protracted war of attrition. confined to the border region would be costly for a country already in ruins. center for their elders either be joining us from a route to discuss this is somebody atalla, the director of the independent think tank, the policy initiative savvy. thank you for being with us. so it's been 5 weeks more

than 5 weeks now. of the permanent tension between israel and 11 on and cross border firing of various kinds. what's been the impact so far of of this what the quote of this quantity war between 11 on an israel on level known as economy. a fax. oh, thank you so much for having me and did um the last few weeks work seemed tens and remains so. and as you know, there's been a lot of several anderson lines and i do more across the border, including a, instead of the, as obviously, and journalists, i do use a hot response by gets right. it has destroyed a lot of, you know, wine trees and all the trees and why life um, and as you know, this is right in boxes and uh, as an a to you would dispense fire and has major long term effects which, where you have to and find,

assess more than 10000 people are made of law the south or the villages auto share, that this would spread. and as it is all on the shredding of buying history on the border as your and you know, it has been sending the reports. in fact, the tourism has actually declined the number of fights coming to 11, and that's also the main reduce. keep our, our point is that by the way, the, the, the, the draw up the impact on the tours and sector and love not it's very important because of the tourism sector in keys. second in the front of me is 11 is rely on tourist, on the heart, courtesy that come with the tourist. so in fact, or consumption, particularly, and disagree stressor and so on, and others through success. so the government says it has an emergency plan. how

strong it is, the plan of the lebanese government, because unlike israel that we just talked about, it's not like this country has a lot of cash reserves that it can draw upon briefly. an opportunity. i mean, uh, 11 and the dent or the evidence government to produce a ton of frankie. um, the plan is just a, you know, income paper that up in the state is bank crossed as a result of the financial crisis because it's been and paid for, or for the last 4 years. the agency is much weaker. now people are going to do their job because of the low wages, as it is all over the evaluation. we have yet to see the state being really serious about actually conducting or even implementing, if not in the case of war. now, as you mentioned, the deserves of 11 and hugs went up to 8000000. but i would say that the professor from uh, is what you're talking about. the $200000000000.00 is this man. and it's important to some conviction license because in fact,

in nowhere where i heard that actually does the occupying palestine and has that reserve is love to defend itself, actually to maintain the occupation. right? so, but that's what it deserves. but then in the decision as much for the buyer as it is, all of these very about policies that have actually been uh, the main in place, and then a few years. so while we hope that this actually doesn't escalate because the professions are going to be in all of the country assigned me to tell the director of the independent, the think tank, the policy initiative. thank you very much. time you for your time today. yes. and that's our show for this week. get in touch with us on x at the venue 0 is my handle. do use the hash tag ages to, to see when you do or drop the send e mails on counting the cost at alpha 0, dot net. and there's more as all online that is alice's 0 dot com slash ctc. you'll find our reports links, entire episode. so you to catch up on that's it. so this edition of counting the

cost, i'm several then you from the whole team here in the house. thank you for joining us. the news on alpha 0 is next. the a grieving mother and her charles, 40 year old husband and father, a full show date in use for you. we took our children to the olive trees, when suddenly we saw them running towards us. we ran, but he had forgotten his phone and went back to get it. he bent down and to show us just trying to provide trans from the the rights organization. yes, dean monitored 1597 investigations of these really secular violence committed against palestinians between the 20052000 switching to only 3 percent of those investigations led to a conviction, the regime, the courts and the page to complete the useless at this time of war. the situation is so,

but that is really police hardly responding to complaints made by palestinians itself, of violence. levels, family and friends now joined the many of the thousands of palestinians who gave up hope for justice. long ago. the israel continues as bombardment of gauze at targeting residential buildings and shelves as an overnight strikes the car. this is out a 0 live.