shall media and the presidential dream was over. i am today suspending my campaign . i'm proud to have delivered on 100 percent of my promises, and i will not stop now. it's clear to me that a majority of republican primary voters want to give donald trump another chance. i am honored to leverage your trust and your support on desantis was meant to be the next great republican or something. when in florida does governor's race was to propel him to the white house, but he delayed his presidential campaign in iceland, which supplemented and then he bought the launch and never really recovered as weeks and months went by. people would talk often about his lack of christmas, how awkward he was in person, his inability to connect with voters in the 1st. the 1st states of iowa, new hampshire, even south carolina, were the primary still over a month away on february 24th. so i think he's suffering from a number of things here. he spent tens of millions to come 2nd denial. when he

predicted he would win with new obvious victories. coming up, doors and supporters disappeared in the cold of new hampshire. donald trump was happy to meet the passing of the man. many sold would be his biggest drive. we're just going to work. whatever about the 3 capable person just dropped the ron and rod is dropping out and he in doing so he endorses the song. so my list of attacks on desantis from his positions and policies to even the shoes that he wore cycle the desantis county alley. it made him move week and not the confident conservative who wrote to victory in florida. desantis is even know, talking about the possibility of a 2028 presidential run when they'll be, nor donald trump in his way to torment him until the c to alex. i sure i'll just leave the manchester new hampshire. the police in ecuador have detained more than

60 suspected gum gang members who attempted to seize a hospital. it's thought they were trying to free a gang leader who is receiving medical treatments that the government has destroyed thousands of military personnel as part of his war on gas. and nearly 50 people have been killed after land slide. hit china is you non province search and rescue operations on the way in the south western region. more than 500 people have been rescued or 40 said it's not clear what caused the land slide. and that's in use for now on how to 0, but to stay with us. i'll be back in about 30 minutes with another ologist here and use our coming up next year. it's counting the costs. thank you for watching the of hi, joseph mar. 3 years in and joe biden, faces little competition from within the democratic party,

despite concerns about the popularity of the aging presidents. as the formalities of the nomination. concepts begin, does by didn't have what it takes for another 4 year. us election 2024 on elsa's 0 . the other i'm adrian said again, this is counting the cost on al jazeera. you'll wait to look at the world of business or the comics. this reach more than 100 days since the war on garza started. this humanitarian catastrophe is deepening from life is being choked out of the protestant in economy. also, this rate is whales pointing at the strip of seriously damaging the nation's economy, businesses and consumers of feeling the pinch, plus, labeled as

a trouble. and i come by china will taiwan was you president place pressure from beijing and try to bring prosperity back to the on the thousands of people killed or injured unprecedented destruction. a lack of food was the medicine and fuel and the basic foundations of a functioning economy wiped out the humanitarian catastrophe and guns that is the worst thing by the day of the strip is on the verge of farm and fox more than 100 days since israel lost its war 8 deliveries to gaza. a still limited or the occupied westbank is bearing the brunt of his really cubs on the movement of workers and goods. i'm just bear with me. the abraham begins our program from ramallah. hello cindy ends in garza, are struggling to survive. most of the population has been forced to fee their homes. they have nothing. and basic necessities have become so scarce. that prices

are beyond the reach of moves and got started as good as a book. my sons trousers, a tune, and i can't afford to buy him new ones that cost $50.00 or 60 shekels, which i can't afford. as for food, a back of fly costs the 200 shekels have tried crop by the rules where on goal is a, has plunged district into a deep recession. the world bank says that by mid november, around 2 thirds of the population was out of work. most economy activity has grown to a whole. hospitals, communications and roads within half has been destroyed. within 70 percent of commercial infrastructure, lines and ruins. the building is expected to coast tens of billions of dollars. it's oh, clear who was put the bill, but the palestinian presidency. has some suggestions. those over to the they have to to be forced to reboot, does. so the americans are responsible. we hold america is the main sponsible to

find the right the notice to the bill. does that why the war has the states of dollars economy the occupied, the west bank is also struggling? is role is was holding tax revenues that are going to the palestinian authority and it's for funds and call us senior workers from crossing over into is around farms like this. rely on these really marcus restrictions and post since the war began are hurting business. but when the one that we produce most of the west banks, products from the fat person codes that nobody seen, everything comes from this region. that's when the crossing street rail are closed . all these goods go to the local market, which causes the process to drop on somebody's we don't sell anything for the of the palestinian authority is the biggest employer in the, occupying the west bank. but with new tax revenues coming in,

it's have to got salaries inflicting more damage on the economy that come with a one that's inside the israel's confiscation to palestinian tax for more than 3 months constitute almost 30 percent of the market movement. we had more than 200000 people working in israel, but after the war started they were denied entry. all of those are important factors in the decline, the palestinian economy. as the world goes, a drugs on the future looks better for palestine and, and to the war. we only mark the beginning of the battle to rebuild that. but he does ita for counting the cost the financial cost of the war on gaza. well, clearly devastating has yet to be calculated, but on the is really side, the cost of waging war has risen to almost $60000000000.00 government spending a sewing in order to pay for bombs and bullets and businesses of struggling as hundreds of thousands of what. cuz they've been called a way to become soldiers. the revenue is a dropping out is really

a hunkering down. now if the boy expands to the why to region the expense could bounce even further. stephanie decor reports from west jerusalem for isn't only devastating. it's also expensive to warn garza shaking up these really governments finances requiring revised budgets and billions more dollars. israel's prime minister has said from day one that this will be a long fight, and it's costing the at this moment what is required festival to cover the expenses of the war and to allow us to conduct the war in the coming year uncompleted, including eliminates and come us were attending our hostages and restoring security in the north and the south to the residents. and our time spending costs have been made to various ministries to allocate more money to the military doors. also having an effect on various key industries here. tech accounts for more than half of all the nations exports making it the largest engine of the economy. and that's taking the hit many army reserve,

this work in the tech sector. 350000. they've been pulled up and that's the largest number and israel's history. around a 120000 people have been displaced from their homes, both along the border with garza and in the north. along the border with 11 on the government needs to pay for their housing. it's estimated 20 percent is really, workers are out of economic activities. tourism is flatlined. it's only a tiny slice of the economy, but many jobs and businesses rely on the sector. construction practically ground to hold off to the wor, work permits of tens of thousands of palestinians from the occupied westbank were suspended. we are in a serious economic crisis. we're going to have a huge hole in expanding debt of the country. we risk israel losing it's very good credit rating with the credit agencies. there is an enormous blow to me is really economy. the bank of israel estimates at this war is going to cost the country around $58000000000.00. it's economy, frank, 2 percent,

and the last 3 months of 2023, and it's costing $269000000.00 a day for israel to run this war. and that's without taking into consideration a possible escalation. the full scale war with has bala in lebanon, stephanie decker, all g 0, west jerusalem for counting the cost. let's speak now to roger kelly, the in ramallah. he's the director general of the palestine economic policy research institute ad from tennessee for joined by roby nathan, who is the general director of micro the center for political economics. welcome gentleman to you, but it's roger, let's stop with you. how would you describe life right now? in gaza. well, life is is hardly aware that we can use to describe the sort of daily, a existence that causes a people that are facing the economy. if we can talk still about an economy, is that a subsistence level um life is about finding food medicine and escaping

a bombing. so i don't, you know, it's a life is, but i mean, we're here, we wanna talk about the economy, let's say, and the economy is, is, is pretty much reduced to 0 is already, you know, is there is to say 50 percent of its, of its, of its usual activity and that's mainly in the services areas that are, that are of public services that are still being provided and some salaries, perhaps with basically the economy. the private economy is ground to a whole and we turn to a different mode of production and consumption and economic activity for the moment . is that any estimation? so 5 of the costs in terms of loss, the comic output, unemployment, trade infrastructure, health, the education sectors. and so let's just briefly separate. the production loss is from the infrastructure losses. and in terms of they decided because of the economy, it was less than $3000000000.00 a year. so it was already lost the corner of the,

from the last quarter of $23.00. and one can assume a more or less that this is an economy that will not produce a value added in any met and significant way for the rest of this year at the best and the best of center. so we're already talking there about $3.00 to $4000000000.00 and last output. this is not including the west bank which it purchased and also reduced to a major just says, but significantly, in terms of reconstruction. i mean, even if we can assume that the really best estimate is around a half a $1000000.00 a month, can be provided over the next 6912 months, perhaps the reconstruction of the infrastructure, housing, the public service infrastructure and utilities is, you know, we're talking at least the 1st estimates for housing soc, is 15000000000. so i would, you know, we're talking a so far, but we're looking so far numbers that are going to, going to go above $20000000000.00 over a few years in terms of reconstruction and economic loss. sort of a made

a major blow to economic production, robbie, israel's war is costing what some $270000000.00 a day. and it's, and it's far from over. it would seem kind of israel continue to keep fighting. it's one guy, so uh, and the 1st point uh, if the camera is to the extent of the bottom, i mean is a strong economy and the, it knows the face of the practice, the place. and i like it was a case also, is it corona also have the situation? we have to consider that the for example that, that surveys that and it's always 60 percent of the g d p which is the best that are on the work. even then before the war, according to the index of the economies, the throws bit false, the best, the economy in the world, in terms of the performance of macroeconomic performance, the pad, the so for those under the find yourself a favor and at supper, so signed it and tex income and the time of the budget. so to say when we also are

facing the costs of this war, i think that the for the time being israel can that i can afford to finance the cost of the war and, and the medium and, and to show the alternative medium term. the question is, of course, a lot of that happen in the next a and the and then longer term. but on the other side, we have also to going through the other components that which are connected to the pulse of the war. and 1st of all, the sectors that are directly affected, like good stories and black on fractions like the culture and specific regions of the country that have been spa, realize like that, and on about the visual and the southern part of each roll. but generally speaking, the economy is functioning as the industry functioning, di, thank sector is functioning at the services and the also communication. and then financial services are functioning and lobbying sector rather than the so the

economy is showing some resilience, as you say, bear with the bunch of deficit expected to reach 70 percent. the nation's borrowing cost rising, its credit ratings a risk time the economy keep holding up. i mean, what do we, what do we told you? you mentioned the mediums that the long term, how long can as well keep this off? well, of course it cannot keep verification, oper, benefit and 3, but the in terms of the planning, the, of the strategy of the government and the medium term, i think uh that these are all kind of holder hold the situation also, company economic biofuel recently a budget has been passed to, which is also quite the ad considering the a significant caught send a bucket the call caught the cope with the with the deputy said the end the end,

the short term and interest rates are the going down. and so to say, and this is something that the can also, and colorado economic dvd and the short term the and the, as i said to, is broken comfortably increase it. so that's obvious. on 60 percent to 70 percent results of damaging the international. uh cuz they really did it as the perhaps fast. so this button not the for this the ration but to the, for the next in the generation and the frame bulk of the, of the higher that. alright. rush it we've been talking about gaza so far. there's in this discussion, what's been the impact of all of this on the economy of the occupied westbank. actually, what we just heard about these really calling them is in fact very good. that provides a good backdrop. you're talking about an economy which is like $150.00 times the size because the economy, it's these early economy and of course as,

as was explained as a whole range of policy insurance. so the, on the other hand, in the occupied westbank in particular, but the opposing economy in general is a fragile open economy. uh, it's, it feels the shots immediately. it has no shock absorbers of the, you know, in terms of institutional policy measures or, or resources. so the, from the 1st day of the war, uh, not only as we watch gaza be pounded into the dust and that's economy rendered effectively, a moved the west bank began to feel the various ways of as rarely policy measures. the 1st of course, was the restriction of workers about the system, the suspension or cessation of boasting, and workers being allowed to access throughout the market. so that's already 150180000 workers. 20 something percent of the west bank labor force. bringing in a approximately $300000000.00

a month. close to $4000000003.00 and a half to $4000000000.00 a year, which is almost a 20 percent of the g. n i or, or 15 percent of national income. so that was the 1st shock and it continues not only to reverberate but to deepen in terms of people have not yet been allowed to return. and we're assuming that we won't be going back to work in israel in any major way. and on the other hand, now you have a, a related, but some of the impressive crisis in, in the form of as was mentioned, you report the cut off of a clearance revenue. so, due to the b a for these last 3 months, i believe was close to over a 100 over $400000000.00 in trade taxes. the israel usually transfers to the p a. but in the 2nd section of the war, it was an adding to its usual adoptions, new, unilaterally dr. deductions supposedly to, to take that money reaching because it,

anyhow. so the point is that that's another one of $39400.00 mil, $1000000.00, which we should have had pumped into the market. so there is a collaborative this begun and we'll look joe, right. as we go gentlemen, that i'm afraid we must at least leave it. we're out of time. roger kennedy and roby. nathan, somebody thanks indeed for being with us. the. the taiwan is a global semi conduct, the hub nations with an interest in the advanced chips. i've kept a close eye on the islands presidential election so much so in china, which claims taiwan has its own territory to be taken by force if necessary. opposition to type a reject. taiwan is new president is in favor of independence and his victory is being seen as a phone and badging side. but managing relations with china isn't the only challenge facing the new president. he's pledge to fix it, cannot make problems such as inequality, unemployment. i'll just there was tony check reports from taipei speaking to voters

ahead of the elections. here in taiwan, there were 2 big issues. the full front of everyone's mind. the 1st with china angry rest are coming as of ageing and increasing tensions of the taiwan straits in recent years. and comments from chinese presents cheating. think the return of taiwan to china. it was inevitable. people were also really concerned about the domestic economy rising in place and the lack of opportunities for young people. well, the election is now resolved. whether it was the man of aging, certainly doesn't want to see empower. so what's that going to mean the economy? china is dealing with some unprecedented no economic situations, but they would try their best to keep everything under control. yeah. so you know that they acknowledge the existence of the problems and they would try to figure out some solutions for that to the taiwan has had a nice up. it's leave the island produces about 60 percent of the world. semi

conductors vital computer chips, essential the manufacturers around the world. i think somebody comes out or is this one factor contributing to, you know, the mutual willingness to cooperate. but this is not enough. if we only rely on little semiconductor, i think tyler stone, president elect liking the ones that far as the mentioned specifically the semi conduct the industry in his victory speech saying that i want most invest more. more generally, people here a very it was, they be right at the center of global attention the last couple of weeks and now the election is result. take the hoping that the focus will move elsewhere and they can get back to this. tony chang al jazeera, accounting, the costs in taipei, taiwan and china have complicated political relations, but the economically into twin paging has long been typeface largest trading partner. part time, when he is investments into china,

plunged to the lowest level in more than 2 decades. last year, as you can see here, they've dropped by almost 40 percent year on year to more than $3000000000.00. investments in china picks it almost $14000000000.20 time of these companies on our boosting investment in the us, europe, japan and other countries is joining us not from hong kong. is gary and who is the senior economist at not $66.00, a research fellow. so at the central european institute of asian studies, i could tell you with this gary economic issues like unemployment in equality and housing affordability, affordability was we heard, major concerns to vote as in this election, do you think the new president can deliver on all of those well into, oh, if you look at the situation in taiwan right now, actually the economic growth will pop up. it'll be by slightly in the next 2 to 3 years because of the global secretary. but for the biggest issue,

she is not about how much the economy girl is because of, um, uh basically how would the rest of this country straight with this uh, growth because um we have her uh, structural par brenda's from a quite a t o o. as in car broke like a ferry fuss from uh, prizes, scope, etc. i'm in all of this or problems of basically something that has been rather long term, and voters are actually finding solutions out of the latest administration. so this is into that for a big challenge. that why would it you face? but the same time we cut off for kept up actually up to the people not have the majority in the legislative again any more. so this will probably make his life even harder. yeah, i was gonna ask you about how difficult it is gonna be for the new president to get anything done really. we will see more predict the code drum in taiwan legislative council to which basically means that we do expect that in some of the general policy like uh, uh,

basically on the supporters. come back on the doctor on the feet. you must resistance. i refer for some of the audit, every is us with more disagreement, like energy or social issues. it's quite cost to get things move forward. so definitely it's quite might need that this sort of difficulty and i'm an entire why would result in the slow, a potential groups that you talked about about social issues. i read the, the med, the commentators argue that with an aging population in the downturn in industrial production anyway, taiwan should be completely reinventing its economic model. do, do you agree? if 1st look at the comic or structure of taiwan? if you look at the past, let's say 2 to 3 decades as many very similar come to the different industry. so it was quite hard to see how i can deviate from that in a very short time. because even if we look at some of the new sectors like on the future intelligence, electric, b coolers and bacteria, some of the things to tell them to kind of actually do it better in the future.

that electronics relates to for to that, that is something that i want should keep. but on the other hand, where the tunneling should finding ways to diversify in developing uh like um, is financial industry pension or, or like a tourism industry. and a great to way, i totally agree because if you put too many x in one bus could usually when you have the what, sorry, huge head winds coming down, there will be a cost to pay. so on. definitely, i think time on should find a way to diversify util. camry about, about tie ones superiority if you like, in the, in, in love and it tronics manufacturing, the china is ramping up. it's semi conductor industry. and so they conduct us full of pillows of, of the time with these economy. and how much pressure is that going to put on taiwan. so if we look at how fast china is moving right now, i would say this is probably a great to for it than any of, you know, a treat tensions that taiwan me see from any type of reduction from china. because

this, this really is something that miss structurally changing in the relative uh, competitive advantage between china and taiwan, which will eventually gift of aging that even big good, a bargaining chip in terms of managing this called cross trade relationships. so for taiwan, i mean the, because china just that china has been using a of the basic rest i owe money subsidies into um, check manufacturing, which already see uh quite a bit of extra infant or uh, is do not comparable to the west or time and etc, but this is something that is part of the coming and i wouldn't be surprised the in the future. um, uh they will be over supply engine volt and chips which will hurt some of the time . and this trends and for the high end, it really depends on how this competition comes out. as for the political situation, gary paging has made it quite clear that this candidate was not the one that it wanted to see when this election. how do you think bass is going to affect relation

is ongoing relations, which already tends between type a and paging. and where does the us come in to us? well, just a quick be a many uncertainty, but one thing we're searching is that that will not be any constructive dialogue between the d p. p. and the chinese communist party in beijing simply be course of this is not the preferred candidate that they want. and of course the, if you look at the statement that if you shoot or by that to us, taiwan or to us or the government, is probably slightly uh, like, not as intense as many people may have expected, which still shows that i think the status quo seems to be a more like the scenario that we see here as to what a u. s. um, with all this meetings with china right before the time of selection etc. i do also share the same view with the no one really one to one into tell us treat right now . so of course this competition will continue with the risk and training will continue, but probably it will also be a thought on the side of them. but to us,

how far are the 2 countries will go in terms of this joe political uh, contesting with this will lead to ultimate. i'm going to 3 contract ran a good start to gary manufacturing dates of being with us on counting the cost. and that's a show for this week. if you want to comment on anything that you've seen, you can get in touch with us via x. i'm in a 2nd. on the x, please try to remember to use the hash tag h a c t c. we need to void the drop us a line counts in the cost of, i'll just 0 don't that is our email address. as always, let's try to email for you online. i'll just do a dot com forward slash c t. c. that takes you straight to a page of day, you'll find individual reports links even into episode space capsule. but that is it from this edition of counting the cost. i'm a 3 instead of going for the whole team here and so on. thanks for being with us. the news of the houses here is text, the the

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cemetery. relatives that is really