International

Bolsonaro welfare plan shakes Brazil markets, sparks resignations

AFP

A proposal by Brazil’s far-right President Jair Bolsonaro to dramatically increase welfare payments to the country’s underprivileged groups a year ahead of elections shook markets Thursday and triggered resignations at the Ministry of Economy.

The program could cost the government an extra 30 billion reais ($5.3 billion dollars) at a time when inflation is already high and exceed the government spending ceiling established by law.

The government announced earlier this week that it was setting up a new social welfare program to replace the “Bolsa Familia” system created by the leftist administration of former president Luiz Inacio Lula da Silva.

The new program would start in November with a 20 percent increase in benefits paid to nearly 17 million Brazilians in need.

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Coming just a year before a presidential election in which Bolsonaro is widely expected to be defeated by Lula da Silva, the move was seen by several analysts as a pre-election sweetener.

The measure rattled investors. The Sao Paulo stock market fell 2.75 percent, while the price of the US dollar rose to 5.65 reais, its highest level in six months.

Concerned by the plan, several economic officials quit their posts, including top treasury officials Bruno Funchal and Jeferson Bittencourt, authorities said.

Bolsonaro denied that his project, whose source of funding has not been specified, is against the law.

“There are around 16 million people registered with the ‘Bolsa familia’, and though the financial aid reaches an average of 192 reais, many people receive 40, 50, 60 reais. What we are saying is: 400 reais for all,” he said Thursday.

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Bolsonaro also offered to “help” 750,000 truckers with compensation for increases in the price of diesel.

The president made the announcements at a time when his popularity is at its lowest level since he took office in 2019, and amid high inflation and high unemployment.

International

New York Announces First 2,000 Seats in Universal 2-K Program

The Governor of New York, Kathy Hochul, and New York City Mayor Zohran Mamdani took another step today in their universal early education agenda by announcing the communities that will have access to the first 2,000 seats in the new 2-K program this fall — an initiative backed by a $73 million investment.

The funding is part of the $1.2 billion package previously unveiled by Hochul to strengthen child care and early childhood education across the city, one of the key campaign promises of the now Social Democratic mayor.

At the time of the announcement, the governor also outlined additional funds to reinforce the existing 3-K early education infrastructure, a program launched under former Mayor Bill de Blasio (2014–2021).

When the 2-K initiative was introduced in January, Mayor Mamdani explained that its first phase would offer 2,000 seats, with the goal of eventually expanding into a universal program — a commitment supported by the governor.

State investment in child care and preschool services is expected to increase to $4.5 billion by fiscal year 2027.

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Among the first communities set to benefit from the 2,000 seats are Upper Manhattan and Inwood — areas with large Dominican populations — as well as Fordham and Kingsbridge in the Bronx, a borough with a Latino majority.

In East Brooklyn, Canarsie, Brownsville, and Ocean Hill will also be included. Meanwhile, Ozone Park and the Rockaways are among the neighborhoods that will see the rollout of the 2-K program.

International

Warner Bros. Developing First ‘Game of Thrones’ Movie With ‘Andor’ Writer

Warner Bros. is developing the first feature film based on the hit saga Game of Thrones, with Beau Willimon — screenwriter of Andor — attached to direct, according to a report published Tuesday by Page Six.

The project, currently in early development, will focus on the conquest of King Aegon I Targaryen. A separate television adaptation centered on the same historical storyline within the franchise is also in early stages at HBO.

However, the outlet noted that it remains unclear whether the film will move forward following the recent acquisition of Warner Bros. Discovery by Paramount Skydance.

If the merger is finalized, the movie could potentially be shelved, although that scenario appears unlikely given that the Game of Thrones franchise remains one of HBO’s most valuable and beloved properties.

After six seasons adapting the work of George R. R. Martin, the platform expanded the universe with House of the Dragon, a prequel series set 200 years before the events of Game of Thrones that explores the history of House Targaryen.

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International

Spain’s Prime Minister to Address Nation Amid Trump’s Trade Threats

The Prime Minister of Spain, Pedro Sánchez, will deliver an institutional address this Wednesday at the Moncloa Palace regarding the escalating situation in the Middle East and recent threats directed at Spain by U.S. President Donald Trump.

The Spanish government announced that Sánchez will make a statement at 9:00 a.m. local time to outline his position on the latest developments following the U.S. and Israeli attacks on Iran.

Sánchez is expected to reiterate Spain’s reasons for opposing the use of U.S. military bases on Spanish soil in the operation—an action he has already described as being outside international law—while also expressing criticism of the Iranian regime.

Government sources indicated that the address had been planned prior to Trump’s remarks criticizing Spain’s stance. However, following those comments, Sánchez is now also expected to respond directly to the U.S. president’s statements.

Trump has threatened to “cut all trade with Spain” and said he wants “nothing to do” with the country after Madrid refused to authorize the use of the Morón and Rota military bases in southern Spain for operations against Tehran.

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The U.S. president also labeled Spain “a terrible NATO partner” and warned that “no one” would tell him he could not use the facilities.

In response, the Spanish government stated that Spain fulfills its commitments to NATO and European defense. It also warned Trump that any review of bilateral trade relations must respect international law and the agreements in place between the European Union and the United States.