on the, on the spell out since we have the pricing houses that we are working to contend with. us secretary of state, anthony blink and health closed door meetings with turkish foreign minister. how can feed on an art us to discuss the war on guys and the future of this trip had of his 3rd visit to israel at the end of this week. when asked if the west is not using different standards when reacting to russia's invasion and ukraine, compared to israel, some apartments on garza sold them back, reply to human to terry and law applies to all conflicts. but he also said that dot com be compared to ukraine, because ukraine napa posed a threat to russia and then so that may not satisfied those who want to much for them. a spence against israel sections natal member states are deeply divided on israel 1st funds and gaza with belgium and spain, calling the number of civilian casualties unbearable and unacceptable. and germany still firmly behind israel's actions. the visions that explained the mute response

from nato steadfast and l just sierra russell's. let's bring in some other world news now in emergency crews in india have rescued old 41 construction work cuz we've been trapped in the collapse tunnels from over 2 weeks teams. and the northern states of con, drilled through rock them concrete until the work is out, one by one. rescue is use pipes to give the truck with as often food and water inside the tunnel. and in south africa, 11 people have been killed in an elevator accident at a platinum line. it happened in ruskin bug in the northwest province. the mines operate as a lift, carrying workers to the surface of malfunction and fell back down the shaft. another 75 minus. what was that engine? a team as president select, how do you emulate has helped meetings with senior us officials in washington statements and got a positive meeting with national security advisor. jake sullivan. members of today's team also met officials from the international monetary fund,

lays planning to abandon the pay, so an adult the us dollar, and he wants to introduce spending cuts to reduce argentina's inflation, which is currently at a 143 percent. comes from meeting between the leaders of greece and the u. k. have collapse after dispute to have the elegant models artifacts of athens once returned from the u. k. the greek prime minister expressed what he called a noise set. british prime minister race assumed that the conflict, the meeting at the last minute brief as long, so the return of the statues that were removed from the pots and on 2 centuries ago recess, they had no right to give them away. that's it for me. down at georgia to find more using our website onto 0 dot com account, and the cost is coming up next. that's it from outside, the israel is still refusing to allow international journal into jobs. palestinian

reporters risking everything to get the story at 15. 105 killed in an asteroid. the listening post we covered the way the news is covered. the kind of era misspelled the attain. this is counting the cost on al jazeera. we can look at the wealth of business and economics this wage israel's war and does not have. the police said that the is rarely workforce and forced businesses to close time the economy withstand a prolonged conflict. also this week, garza is repeatedly plunged into darkness despite the wealth of oil and natural gas supplies. just office co sign plus option. tina's new president is a far right, libertarian economist. how do you emulate promises controversial solutions to his

nation's economic crisis? $200000000000.00 and resolves and billions and american military. a israel started it's war on garza with deep pockets. spending is skyrocketing, revenue is a forwarding and borrowing costs are increasing. the central bank says the will has proven to be more costly than initially estimated in many outlets to expect the economic and impact will be unlike anything that israel has experienced in decades . and as this will drives on the expenses, one of the new mount is ready, businesses bearing the brunt more than 760000 israelis. that's nearly 18 percent of the workforce have either been relocated from their homes or cold up as minute tre . resolve this not shortage is affecting the tech industry which accounts for nearly 20 percent as well as g. d. p in almost hoff, of all its exports. a study by the central bureau, a statistics shows that $1.00 and $3.00 companies that's been surveyed has either

closed or is operating at a lower capacity. more than half of them reported revenue losses of 50 percent. many construction projects also ground to a halt when is rel cancelled when permits for thousands of palestinians following the last attack on october, the 7th fruit and vegetable harvest rotting in the fields. many ty, workers do make up the largest share of the agricultural workforce, fled israel when this will began. israel central bank, it says the shortage of work is costing the economy more than $600000000.00 a week. the government is spending billions to fund it's offensive, and garza pay resolve of salaries and compensate businesses. that's also pushing strain on the budget. israel has now borrowed more than $8000000000.00 since this war began. its budget deficit has ballooned to to $6000000000.00. credit basing agencies of all say, one of the down grays or there are also fish at the war and goals that could

escalation spread across the region. who's the fighters and yeah, and then have hijacked to ship owned to bind his way, the businessman and the southern red sea. the galaxy leader was on route from to k to india. is route, has condemned its capture as an act, as a rang and terrorism says, notice where these were on board. tyrone has been denying involvement. the incident, the could have implications for vessels passing through those busy shipping lands that of the middle east as well. joining us now from london as i all, when said he is the soul of his wife, professor of economics at the hebrew university of jerusalem, and also a professor of economics at lancaster university in the u. k. professor, thank you so much for joining us today on counting the cost. and it's now been q for happy with me. thank you for being with us while it's been now over a month and a half since this will began. and if we look at some of the numbers up to 360000 resolved, this could be closed up. i mean, just that is something like what? 8 percent of the, what falls, 200000 people are already now solving. can you talk us through the impacts that

we've seen so far on, on businesses and the economy more broadly? now the situation is not good, but i would say it's not as prim as you described is. indeed, a war is very costly, both in terms of human life and in terms of matter in terms of economics and the, the war is expected to cost ease right and economy. something like about the 200000000000 check. and with that's the estimate for the entire event for the entire war. uh, this is not major. this is not the a major part which is where a g d p is very, very costly. but it's for us to have guns as guns, full separate practices, few in the, in the last decade. so one people, one was called me the corps. mm hm. and the other one was the crisis,

the 2008 crisis in both prices. so each way it was very resilient, okay, emerge from this crisis is from both practices better than other countries in europe. of course, it all depends how long the war is going to continue once it ends and we hope it will end soon. and there is some sort of long term settlement, the is why they couldn't, we wouldn't revive it so very, very quickly, activities. ok, i'm so sorry. i do want to hear that resilience because one of the things that has really busted these really economy in the past has been the techs and 6 to and, and now we're seeing so many resolve this to been pulled up, particularly young, productive members who's been working in the tech sector. so that's taking a massive here's how resilient is the economy going to be when, when one of its most resilient industries has taken such a huge knock. yeah. ok says that's true. that's true. i mean, many, many of the people reservation found out recipes are now gradually, uh,

being released. i mean, it, it, it turned out that more of them were cold than needed. okay. and the release of recipes is taking the into account of the economy. it's okay. uh, they're also attempts to replace those recipes. we have a uh, uh, usually students don't work in the high tech industry. now, is it 2 or more frequently? they, they take over a temporarily job with other high tech workers that are in the army. if they are involved in the army, and so there is some sort of america needs. if there are a lot of volunteer, you mentioned the agricultural sector. mm hm. and did some of the workers done with support and workers have a, have gone back to their, to their home countries. but there is a very uh, uh,

robust system that has been built a fall and tiers that uh, people from the age of 17, through the age of, for 85. i know people at the age of 85 that went down to uh uh, 2 fields it. yeah. because uh, to help buy to uh, uh, culture and that'd be culture to farmers that the professor let me ask you about the, the estimates of the overall cost of the war. because as you said yourself, you're not obviously is predicated on the will ending and doing so within a relatively short period of time. nothing yahoo in the world cabinets have said that they are bracing for a long while. they've told israel to brace for a long will, so i'm wondering how we can, can make any kind of an estimate about how much space is all going to cost. when 1st thing we don't know how long we're going to move tenure. and so let me just throw one more figure out to you, so it's at the moment costing an estimate of $270000000.00

a day. so this could balloon out very, very quickly that that could loan several feet several feet. this being the, he's been keeping us as a support by the us. the don't forget, i can tell you the, the estimate my mind made by the, uh, finance office and these rooms uh, an estimate the built on the assumption that the uh, the wall with less like several months up to one year. mm. and the overall uh, the overall estimate was uh, 200000000000 checked oh, it's a lot of money. but that's something that the uh when, when again, when, when the war ends and recovery. uh, recovery starts. and we will, we will hope that it will and uh, with some reconstruction in gaza. as the people suffered

a lot the servers do suffer and they need to be reconstructed in gaza. uh, eh, is rambling, i believe, be willing to contribute with its expertise. and with the, with this knowledge in this frequent structure, once the game ends on recovery starts. uh, i believe they quoted me. uh, so they put them on. so this is, this is all about if and when it ends in a relatively short period of time is we don't know that we don't know that. and i do want to ask you about invest a perception here because that sort of see a huge part of this investor confidence has already taken a hit. it took ahead also during the traditional reform protests that we sold ongoing now. so you can even big ahead with the war. how does that work when it comes to recovery? so i think a invest or a single defense. okay. um, obviously high tech companies uh, experience more difficulties in pressing money then in the past. uh,

but uh it, it depends about how the global economy and the high tech industry will look like at the end of the war. uh, when investors put the money aside. uh, uh, uh, waiting for it to see what uh, what happens in news. read me if the war is not going to take so long. uh they'll come back and say, oh sorry, presumably it will, it will be impacted by, by the perceptions of israel as well and how it's conducted itself and, and it's future of to the will within the bible community, we will leave it there for now. professor i a winter, the silvers wife, progressive economics with the hebrew university. thank you for joining us. thank you. bye. well, gaza is now in complete darkness. some waste of the time and communications blackouts are frequent. we know life saving machines have been out of service.

hospitals have been fullest, a shot that was as well cut off fuel food water and posing a total of located on the already besieged strip on october. the 7th cause the depends on goods that come from will pass through israel despite its proximity to a wealth of fossil fuel resides. but palestinians conte access these resources because they are controlled by as ram. well, in 2019 the united nations conference on trade and development of tad release, the following statement. the occupied posting entire treat lives above sizable reservoirs of oil and natural gas wealth in the occupied west bank. and the mediterranean coast of the goal is to strip. i'm going to say, however, occupation continues to prevent palestinians from developing the energy fields to benefit from such assets. 6 loans, not full gas field, gauze and moraine, was discovered nearly 30 kilometers off the coast of casa back in 1999. now it's estimated to hold more than $28000000000.00 cubic nieces of gas. that's more than

palestinians need opening up the possibility of exports. boss, israel control the strips offshore is as since it imposed a brocade on garza in 2007. a field has never been developed. well, joining us now from the house on this hello. he's a direct to the middle east and north africa region at global council, a policy advisory fund on that, thank you for being with us on al jazeera today. i'm just beginning with garza marine. i understand there was some kind of preliminary approval given by israel to develop. that's somewhat earlier this. yes. why hasn't not happened ahead of this war as well. see, is really going to do the quite easily. yes, the development all these fields in june of this year prior to the war prior to the recent approval, the trouble is really to restructure restrictions and fears that already generated from the field with the flow of the offers of some us us in the 40 and they need us

to conduct the sort of activities and the cost for a tax. it has recently launched against is one of the above because far to try partners investment to mobilize international energy companies to develop the field in a region and a small table that has been assigned to for better staging, more since 2006. so it's a combination of a political instability and israel's a termination to pete the field from b s on the right. you for the sure. but on that, it's not just cause a marine, we're talking about right there. all of the natural resources. they're all, i believe, natural gas resources and the base and to the other side of the resources is not part piece of the not easy to convention on the law of the seas. it has an exclusive economic zone that has been developing doesn't recognize of the uh,

the continental shopping. the most deals are to use the under the, also a course and has been developing resources. and these are meant draining to develop its own hydrocarbons after the re field decided to deal with is as you said, 30000000 cubic meters. and people here and the gas put it into the grass scheme. israel's to mario, the 2nd largest field has 300000000 cubic meters. so it's less than a one of the terms of, of, of israel 2nd largest field. the field is all right. the reason you're wanting to can be enough to supply his electricity in policy and as long as activities within the last bag for 50 years, which would be significant for added security, which as you said,

it has been taking the huge loss from the reason for, but and, and, and before, as well on that, i'm wondering about whether or not cause a marine could potentially help with the current conflict in terms of trying to find some kind of resolution we were hearing very recently from emma hochstein, the us special presidential coordinator for global infrastructure and energy security, very long title, but he's been saying that these actual gas resolves could, potentially, because they, they could be used to to power garza and that they could be a source of, of energy independence. so palestinians in a post full future does not help with, with any kinds of conversations that are happening right now about the current conflict. the short term because investors are going to be confident that there will be a zone will be saved enough to do to develop probably there will be a further explanation. the reason we've been instrumental the ones for mental torque saving the occasion deal between the israel last year

and or you earlier this year, excuse me. and he's, he's hoping to look at as a model for the collision between israel and that. but that's something that will take time because there are on demand titles and the company that need to be resolved before before gas can be looked at as a bridge between the 2. uh morning party's on that hello, the practice director of the middle east and north africa region of global council . thank you so much for joining us on catching the cost of the on the far right, economist, hobby, emulate, often wielded a chain. so on the campaign trail in argentina, it symbolized his plans to come government spending. now the new president is being tossed with steering the nation as a one of its west economic crises and history. government covers an empty and inflation has ballooned. it has been promising drastic reforms bots,

critics liking him to donald trump and describe the form of television personality as a madman. finch and all that and reports a decisive victory for a man promising change for argentina. have you had me laid strong stance against corruption, captured the imagination of our continued struggling with the high cost of living? he won the presidency littlewood 55 percent of the vote. is sort of an official who knows me the majority of the know something beautiful thing today brings it into this idea that the state is shared among politicians and their friends today brings an end to this vision that the perpetrators are the victims. and the victims are the perpetrators. today we re take the past that made this country great. or today we embrace the ideas of libertarian is the most thousands took to the streets of the capital to celebrate and delays victory. he's promised to destroy the central bank and dollar. i use the economy it bit to get inflation under control. the

perfect, he said everything we need to do here, an honest guy who comes to put the effort and work above all things. so what's going to be late and let's move forward. let's go argentina. but there are many people, human rights groups and labor unions who are afraid that me like gender goes far beyond economic reforms. you know, as promised a referendum of whether to scale back abortion rights. he also wants to relax gun controls and oppose tougher austerity measures in place in victor sewell. i think it's sad my chest hurts because this country is for everyone. and these people have no management, have no love for their neighbor, and it's hurt. it hurts a lot. they have hate and we have loved. and we wanted a country for everybody. argentina's lurk from one economic crisis to the next for years. that's why the electorate are willing to take a chance on outside or like mueller. he's promised a radical agenda, but with many opponents in congress, the question now is whether he'll be able to carry it out. bits motivated for

counting the cost. well, let's take a closer look at some of these, that grin economic data. argentina's annual inflation sold to a 143 percent and i'll tell you about the highest in the world. the currency has the valued sharply save as ditching the pace or foreign currency reserves also near the lowest since 2006. the central bank says the economy is on track to shrink to percent this year. they've want a recession is likely and full in 10 argentinians. meanwhile, live in poverty, depending on soup kitchens, as they can't afford to buy basic food items. argentina is also the international monetary fund launch. this desa count here is more than $40000000000.00. while to discuss or that i'm joined by humana. blanca, she's the senior director chief. i must, and head of america is their assist maple cross the global risk intelligence company. she joins me now from been on the dana in spain. thank you for being with us. you man, us, and i'm just gonna stop by also you is anything

a tool going well when it comes to us? tina's economy? well, i think the not at the moment, but there's a lot of potential. and then i think that's where delay is going to attempt to tap in for the recovery. one of the key problems that origin tina has and the top challenge for him is to restore investor confidence to urgency. that does not lock economic sectors in which for an investors can you can pay attention or, or go into. so whether we're talking about oil and gas, metals, and mining the agree business or even the tech industry urgency that has a lot to offer. but you know, the key problem is the macro economic situation that you have described, which includes currency capital controls that make it very difficult for international companies to operate and to reply to a bit and see if they generate them in the country. so well, in terms of malays policies, you said that he could benefit from, from

a recovery. he has some pushing drastic proposals about, about how to move forward. does his victory indicate the people in argentina supports his policies, and that's why they version 4. well, i think there's 2 parts to that answer and the 1st part is origin signs were really exhausted about the current economic situation, which, you know, has been building up for a decade at least, if not longer. and they really saw the current economic model as exhausted and something that they just couldn't continue. so on the one hand, i think, you know, the election of millay is this much a rejection of what could have been with in terms of a continuation of the current administration versus a full support of the mulay agenda. i think he has much broader support when it comes to his economic agenda, but much less so when it comes to the so show agenda that the piece was previously

talking about in terms of some of his more conservative social policy. well, let me ask you about one of his economic policies, then he is planning on potentially daughter rising. the economy will, i will obviously be a fairly costly exercise. will that help? will that fix things a very long roads dollarization and something that may play himself has recognized . um, you know, i'm going to state the obvious here but to dollar rice you need dollars. and as we just stated, argentine that doesn't have them, whether it's, it's in reserves or coming in as foreign direct investment even flows. so you know, he'll need to fix other parts of the economy 1st before he can think about implementing dollar i sation. and then once we get to the point, let's assume he does get to that stage where he's, you know, restored a fiscal responsibility, where he's removed all the currency and capital controls. then he'll also need to

think about how we did it is implemented. there's different types of dollar, i say sion out there. i think you know, as an initial stage it won't be a complete replacement of the currency, although that is his goal. but to do that and assuming he does manage to do that, you do need the fiscal responsibility going forward. and that is one of the long pending challenges for argentina. so i think, you know, it's all the right station was a great campaign slogan. now when it comes to implemented, it will take years if not decades, to get to the stage where you can do that responsibly. so we'll need to wait and see what happens in the, in between period human. you mention the fiscal responsibility several times that now i know he's, he's promised to cut the government spending very drastically as promised to, i believe also to abolish the central bank. these will require congressional supports. will he be able to, to get that political support in a,

in order to be able to push this economic agenda? well, i think the question is it will depend on, on the topic we're talking about, right? so reducing the bulky state in argentina is something he's more likely to be able to build consensus, surround with sentries parties. because we have to recognize malays position in congress and both chambers is a minority position. and he will rely on the more centrist parties to get that support, i think, on cutting down on the size of the state. uh that will be a comparatively easier task than say under eliminating the central bank. and again, eliminating the central bank is something that would need to be linked to dollar i sation. so i think again, this is not a, a policy that he's likely to seek on day one of his administration on the 11th of december, where us the reducing the size of the state is. and that again,

is something that our agency not, not only has to do because it needs to reorganize the micro economic situation. it's something it needs to do if it is going to renegotiate. it's that both with private bond holders on with the map, both of which are also pending homework for the incoming administration, humana, blank, or the recess direct to ahead of america is risk insights of various maple cross. thanks for joining us again on counting the costs to man. thank you for having me. all that is our sorry for this week to get in touch with us on x, formerly known as twice on. i'm at the stalls here. take to use the hash tag a c t c. when you do or drop as an e mail counseling the costs at al jazeera dot net is our address. there's also always more for you online, and i will do 0 dot com slash ctc. that'll take you straight to a page which has individual reports, links and imply episodes to, to catch up on the deposit. so this edition of counting the cost associated paying

from the whole team. thanks for joining us. the news on, on tuesday, right. this next what you're looking at, this is one of the breach points through which i must collect his timing warning sirens. here is some site has been remarkably intensified during the last couple hours. we've seen these as strikes really concentrated on residential homes in residential building. is it dangerous? can have rooms are still over, of course, as well. so that the moment conversation here is a minute inside the hospital then without oxygen, without electricity, thing to be there's and the baby is inside the house. they're dying one after another one of these 5, it's a bad friend that kills

me every single day. the . ready ready ready is right, release is another $15.00 spinning and the present. as the 5th such exchange of the society i'm asked has released the for the 12 captives in gaza. 10 is ready to time national. i'm not the one down. jordan, this is obviously are life and death instead of coming out of the palestinians and gone to return to the wreck. phones counseling centers working to further extend the ceasefire between our mazda is rep is ready for.