International
Venezuelan opponent María Corina Machado ratifies that she will continue on the electoral route
Venezuelan opposition leader María Corina Machado ratified on Tuesday that she will remain on the electoral route for the presidential elections of July 28, without explaining how she will do so, given the impossibility of the Platform of Democratic Unity (PUD) to register the historian Corina Yoris within the deadline established by the National Electoral Council (CNE).
“No one here takes us off the electoral route, it is they (Chavism) who want to close it, those who want to take us out and they are not going to make it,” said Machado, who ceded the candidacy to Yoris in the face of the disqualification that prevents him from competing for public positions in these and other elections until 2036.
The PUD denounced on Monday that it could not apply for Yoris’ candidacy, and rejected that the CNE did not explain the reasons.
On the candidacy of the governor of the state Zulia, Manuel Rosales, Machado avoided responding at the press conference and insisted on various occasions that his candidate and that of the PUD is still Corina Yoris, despite the fact that he could not register in the CNE system.
“At this moment, the country is processing a huge disappointment, people feel violated in all the effort (of the primaries) of October 22 and what I want to say is that our struggle continues, we are not going to leave an electoral route where Venezuelans can choose freely, for whoever they want, not for whoever the regime imposes,” he said.
The former deputy said that what happened on the last day of candidate registration, in which Rosales and former opposition electoral rector Enrique Márquez were nominated, “accelerates the transition” in the country.
The opposition party Un Nuevo Tiempo (UNT), led by Rosales, said on Tuesday that it is committed to the electoral route, “still in the worst conditions,” and rejected the option of abstention.
International
Elon Musk plans sweeping cuts to U.S. bureaucracy and spending
Elon Musk has pledged massive cuts to government programs, subsidies, and bureaucracy in his anticipated role as a “State Efficiency” leader, according to an article published Wednesday in The Wall Street Journal.
The billionaire entrepreneur plans to target hundreds of billions of dollars in federal spending, including funds for public broadcasting and Planned Parenthood. Musk called government bureaucracy an “existential threat” to American democracy.
Teaming up with fellow businessman and Trump ally Vivek Ramaswamy, Musk aims to streamline federal regulations and implement significant administrative and cost reductions.
“We are entrepreneurs, not politicians. We will serve as external volunteers, not federal officials or employees,” Musk and Ramaswamy stated in the article.
International
Putin warns of escalation, suggests strikes on western weapon suppliers
Russian President Vladimir Putin declared that the conflict in Ukraine is taking on the characteristics of a “global war,” warning that Russia might target Western nations supplying Ukraine with weapons used in attacks on Russian territory.
These remarks come after a day of heightened tensions, during which Russia launched a state-of-the-art medium-range missile designed to carry a nuclear warhead. However, this particular missile was loaded with conventional explosives.
Ukrainian President Volodymyr Zelensky condemned the missile strike, calling it the action of a “deranged neighbor” using Ukraine as a “military testing ground.”
Earlier, Ukraine accused Russia of attacking the central-eastern city of Dnipro with a missile exhibiting “all the characteristics” of an intercontinental missile, an unprecedented development in the ongoing conflict.
International
IMF: Spain’s economy remains resilient despite devastating floods
The International Monetary Fund (IMF) stated on Thursday that the devastating floods in eastern Spain on October 29 will have a “limited impact” on the country’s economic growth.
“Our assessment is that the economic impact was quite localized, and damage to key infrastructure, such as transportation and industry, has been relatively limited,” said IMF spokesperson Julie Kozack during a press briefing in Washington.
Kozack added that preliminary evaluations suggest the overall effect on Spain’s economic growth “would be limited,” though no specific figures were provided.
In its latest forecast on October 23, the IMF projected Spain’s economy to grow by 2.9% this year, one of the highest rates in the European Union. The organization will update its data in January and is expected to confirm Spain’s “relatively solid” growth, according to Kozack.
However, on Wednesday, Bank of Spain Governor José Luis Escrivá estimated that the floods, which claimed 228 lives and caused immense damage—especially in the Valencia region—could trim 0.2 percentage points off Spain’s GDP growth in the fourth quarter.
Escrivá’s estimate draws on comparisons with Hurricane Katrina, which devastated New Orleans in 2005, and the fact that the affected areas represent “approximately 2% of the Spanish economy.”
The Spanish government has forecasted a 2.7% growth rate for 2023.
Elon Musk plans sweeping cuts to U.S. bureaucracy and spending
Putin warns of escalation, suggests strikes on western weapon suppliers
IMF: Spain’s economy remains resilient despite devastating floods
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