WHAT WE’RE WATCHING
Brazil’s embattled presidential candidates – Think Washington had a crazy political week? Here’s your update from Brazil ahead of next month's presidential election. Former President Lula remains in jail. His likely replacement as Worker’s Party candidate, Fernando Haddad, and center-right candidate Geraldo Alckmin were both charged with corruption. Front-runner Jair Bolsonaro was stabbed at a campaign rally and seriously injured.
Mauricio Macri – Elected in 2015 on the promise to restore Argentina’s economic health, Argentine President Mauricio Macri has imposed just enough austerity to inflict pain on the public without persuading investors the country can meet its financial obligations. A serious meltdown, provoked by conditions both inside and outside his country, has created a currency crisis. The peso has lost half its value against the dollar this year. This week, Macri took drastic action, sharply raising taxes and cutting the number of government ministries by half to reduce spending. The central bank has raised interest rates to 60 percent. Will it be enough? And can he remain a viable candidate for re-election next year while imposing more hardship on voters?
Iran’s oil customers – In anticipation of the return of sanctions on Iran’s oil in November, its exports fell by 18 percent from July to August. That’s in part because, surprisingly, China and India have sharply reduced purchases in line with Donald Trump’s demands. Neither will stop buying Iranian crude altogether, but the degree of compliance was unexpected. That’s not good news for Iran’s economy, or for those who hope Iran might continue to abide by the terms of the nuclear deal without US participation.
WHAT WE’RE IGNORING
North Korea at 70 – China’s Xi Jinping is skipping North Korea’s 70th anniversary celebration this weekend, and we will too. If you’ve seen one goose-stepping military parade followed by a 3,000-person choreographed dance with a flashcard backdrop, you’ve seen them all. Maybe we’ll TIVO it.
Putin TV show – Nor are we likely to watch “Moscow Kremlin Putin,” a new TV show airing on Russian state television that aims to prove Vladimir Putin is even hunkier than we thought. Apparently, Putin remains in great shape, frightens wild animals, and has a “human, sincere attitude toward children.” We know that already.
The Austrian Kangaroo – Your Friday author was not amused when fellow Signalistas forwarded him a story about a kangaroo on the loose in Austria. Not Australia. Austria. “This is the kind of low-brow material you love to include on Fridays,” they seemed to suggest. Yes, I like stories about animals on the loose, but I’m not automatically going to write about a kangaroo hopping around Austria just because it includes great video, and the story is weird. Forget it.
As of this writing, the kangaroo remains at large.