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Hard Numbers: South African unemployment, migrant Med deaths mount, Argentina devalues Peso, and NYC rat sightings are … down
Waste pickers roam collecting waste in Durban, South Africa
1,800: According to the International Organization for Migration, more than 1,800 migrants have died this year trying to reach Europe via the central Mediterranean route, the deadliest of the world’s migrant routes. This route claimed 11 more lives on Monday when a boat carrying Tunisian and sub-Saharan African migrants sank off Tunisia’s coast.
18: Following libertarian populist Javier Milei’s unexpected success in Sunday’s primary in Argentina, the government decided on Monday to devalue the peso by 18% in a move that analysts say was likely discussed with the IMF. This is meant to head off uncertainty amid concerns that Milei, if he wins the presidency this autumn, wants to dollarize the economy and do away with Argentina’s central bank, plans that are bound to cause market instability.
20: New York City’s newly appointed rat czar recently led Harlem in its first-ever Anti-Rat Day of Action, an initiative that may help explain why rat sightings in the Big Apple were down 20% year on year in July. (P.S.: This hard number is a hint for this week’s crossword puzzle!)
At the 2026 World Bank/IMF Spring Meetings, GZERO’s Tony Maciulis asked Microsoft's Vickie Robinson what it will take to prepare economies for the age of AI and how quickly it needs to happen.
Physical AI is opening the door to massive economic potential. As intelligence moves into machines that can act in the real world, industries like robotics, mobility, and manufacturing are poised for transformation at global scale. Discover how AI is getting physical with Bank of America Institute.
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
Did the AI boom counteract the economic fallout of Trump's tariffs? And how long can that last?