PM insists threatening economic outlook is result of developments that don't have to do with Israel, but rivals say his government's policies are to blame

Democrats have campaigned on lowering living costs and holding the Trump administration accountable. This is a look at their to-do list if they win the majority.

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The first lady, who is positioning herself as an intermediary between two warring nations as her husband sides with Russia, said the agreement would allow residents to evacuate.

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Israel’s war has disrupted every stage of breast cancer care, from early diagnosis and identifying tumour characteristics to treatment and follow-up. Only a handful of hospitals can still provide these services.

Ukraine has received more than 50,000 rounds of 20-mm ammunition from Denmark for the onboard cannons of its F-16 fighter jets, with Ukrainian pilots already using the rounds to intercept Russian jet-powered Geran attack drones, Ukraine’s Defense Ministry said.

The accelerated delivery addresses a key need in Ukraine’s air defense as Russia increasingly deploys faster jet-powered drones that challenge conventional interceptors. Ukraine has also relied on F-16 cannons when stocks of air-to-air missiles are limited, making ammunition supplies important to keeping the aircraft effective against incoming aerial threats.

Denmark responds to ammunition request

The Defense Ministry thanked Denmark for responding quickly to Ukraine’s request for additional ammunition, saying the delivery directly strengthens the country’s air defenses and helps protect civilians from Russian aerial attacks.

The delivery follows a broader effort by Ukraine’s European partners to replenish F-16 cannon ammunition. On October 2, it was reported that Spain, Belgium, and Poland were also sending 20-mm rounds for Ukrainian F-16s to counter Russia’s jet-powered drones.

Belgium is also expanding its support for Ukraine’s F-16 fleet. On 16 October, Belgian Prime Minister Bart De Wever pledged to deliver 10 F-16s by the end of 2026, up from three previously planned, and discussed supplying additional ammunition, including 20-mm rounds produced by Belgian defense company FN Herstal.

Jet-powered drones pose a growing challenge

Russia’s faster attack drones are harder to intercept than older, propeller-driven Shahed-type models. Their speed gives air defenders less time to respond and makes them more difficult for many interceptor drones and conventional short-range weapons to catch.

Ukraine’s air-to-air missile shortages have also increased the importance of F-16 cannon ammunition. Ukrainian pilots have sometimes relied on their aircraft’s built-in 20-mm cannon when air-to-air missiles are scarce.

The threat from jet-powered drones is growing. Ukrainian President Volodymyr Zelenskyy said in late September that Ukraine was intercepting about 55% of Russia’s jet-powered drones, compared with more than 90% of older models.

Denmark’s ammunition delivery gives Ukrainian F-16 pilots more rounds to engage these faster targets, as Ukraine works to strengthen its defenses against Russia’s expanding drone campaign.

The New York Times would like to hear from people about Medicaid trying to recoup money after the death of a loved one.

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The reality 40 years later is that Congress made the drug penalties permanent law, while drug treatment was left to be determined during annual budget fights.

First delivered to Ukraine in 2024, the U.S.-made jets have become a key part of the country's defenses against Russian attacks on its rear areas, particularly jet-powered drones.

It’s been many years since the continent seemed more spectral, and its people more vulnerable, than it does now.

Defense Secretary Pete Hegseth barred all Pentagon staff from using undisclosed information to place wagers on forthcoming U.S. military action using betting platforms and prediction markets like Kalshi and Polymarket.  “Make no mistake why this matters. Our enemies watch movements in these markets,” Hegseth said in a memo, first obtained by CBS News. “When an American…

Israel is preventing thousands of Palestinian farmers in the West Bank from reaching their olive trees, while settlers harvest their crops. 90 per cent of Gaza’s two million olive trees have been destroyed since October 2023

French economist Gabriel Zucman has come to California bearing a familiar French solution to a fiscal problem: another tax.

Once based at the University of California, Berkeley, Zucman is back and campaigning for Proposition 40, which would impose an allegedly one-time 5 percent tax on the net worth of Californians worth more than $1 billion. Zucman, who coauthored the proposition, estimates that the tax could raise about $100 billion and claims that 90 percent of the proceeds would go to health care.

The California Legislative Analyst's office is far more cautious, saying it would raise only "tens of billions" and could cause a long-term loss of income-tax revenue as wealthy people leave the state with the companies they created.

I've written plenty about why wealth taxes are economically destructive, administratively nightmarish, and unlikely to achieve anything close to what their advocates promise. But Zucman's prescription is wrong for a more fundamental reason, as his (and my) native country shows: Raising taxes to fuel ever-larger demands for government spending is a recipe for disaster.

Unless you've been living in a remote cave recently, you've likely seen all the protests and destruction in France. But do you know why it's happening?

As another economist, Paul Krugman, rightly noted back in 2017, "France offers a social safety net beyond the wildest dreams of U.S. progressives: guaranteed high-quality health care for all, generous paid leave for new parents, universal pre-K, and much more."

For decades, France has answered any perceived desire with government spending, then responded to the resulting fiscal problem by seeking new revenue sources. Today, French government spending consumes roughly 58 percent of gross domestic product (GDP).

Krugman gloated that France wasn't suffering social collapse and speculated that it was due to all the spending. He certainly can't say that anymore. In fact, he is now worried that France may be on the precipice of a debt crisis. The truth is that France hasn't done well for some time, even when Krugman cheered its spending.

One of the groups in the street today, young people, has faced widespread unemployment for a long time. The youth unemployment rate in France (ages 15-24) has hovered between 17 percent and 27 percent since 2000. In the second quarter of 2026, it was 21.6 percent, against 14.8 percent in the Eurozone and 9.9 percent in the U.S.

French people also pay some of the highest taxes in the developed world, and they're not happy with the return. The government already takes more than 52 percent of the country's output in revenue, runs deficits exceeding 5 percent of GDP, and has accumulated debt approaching 120 percent of GDP. Nonetheless, French students complain that the government is shortchanging schools, while everyone sees that it is shortchanging its army and police.

The students aren't wrong to feel left out. At The Two Cents Substack, Hoover Institution scholar Hanno Lustig calculates that, between 1995 and 2024, spending on social protection and health (most of which benefits older people) rose from 53.1 percent to 58.7 percent of all French government spending. The share devoted to education, defense, and public order fell from 15.2 percent to 13.7 percent. Transportation fell from 5.3 percent to 3.8 percent.

In other words, France has built an enormous welfare state, much of it devoted to older citizens, while letting other state capacities and basic services fall apart. As transfers of wealth swallow a larger share of the budget, everything else gets squeezed.

That is the fiscal ratchet Californians should worry about when Zucman tells them Proposition 40 is necessary to "save" health care. Proponents claim Washington "cut" Medicaid, but that language is misleading. California's deficit started long before any Washington spending reductions. Besides, federal Medicaid spending isn't falling—not even close. The Congressional Budget Office estimates it will reach $708 billion in 2026, 8 percent more than in 2025. What Washington did in the 2025 budget reconciliation law was reduce Medicaid's future growth relative to previous projections, partly by changing eligibility and enrollment rules and financing arrangements.

This is how the ratchet works. Once the government projects a spending increase, anything less becomes a cut. And once Washington fails to finance the entire projected increase, Californians are told that Sacramento must backfill the missing money. And how should it do that? Conveniently, by creating an entirely new tax.

France has run this experiment for decades. It has an incredibly generous welfare state paid for with very high taxes; it's even tried a wealth tax and has a value-added tax, yet somehow it's never enough. Its welfare state has not eliminated scarcity. It has merely transferred the job of rationing scarce resources to politicians.

Zucman looks at California and sees hundreds of billions of dollars of private wealth waiting to solve a public finance problem. Californians should look across the Atlantic and ask a different question: What happens after politicians decide that every spending adjustment can be delayed until tomorrow by finding another pot of private wealth?

France should not be sending California tax advice. It should be sending a warning.

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The post France Is a Warning to California's Tax-the-Rich Crowd appeared first on Reason Magazine.

Costs are spiking for the millions of Americans who rely on workplace-sponsored health insurance, according to a survey released Thursday, with small businesses and their employees being hit especially hard.  The average cost of a family plan increased by 5 percent, topping $28,000 this year, according to the annual Employer Health Benefits Survey from KFF.…

The arrangement might allow Ukraine to use NATO's existing procurement system and supplier network rather than negotiating each purchase independently.

New surveys show that increases in premiums and deductibles are forcing people to forgo treatments or doctor’s visits while budgets are strained by higher food and gas prices.

The European Parliament has demanded €225 billion for the European Union’s foreign policy and development programmes between 2028 and 2034, challenging proposals by member states to reduce spending under the bloc’s next long-term budget.

The Parliament’s Foreign Affairs and Development committees approved their negotiating position on the Global Europe Instrument on Monday, 19 October, by 63 votes to 27, with five abstentions. The proposed allocation represents an increase of €25 billion over the European Commission’s original €200 billion proposal.

The decision comes as negotiations over the wider 2028–2034 EU budget have become increasingly contentious, with Germany and several other net contributors opposing higher expenditure while Brussels faces mounting demands for defence, industrial investment, enlargement and support for Ukraine.

Parliament rejects proposed reductions

Under the position adopted by the parliamentary committees, at least €25 billion would be reserved for humanitarian assistance. MEPs also want dedicated funding for reconstruction in Gaza and financial support for countries seeking EU membership.

The committees are proposing that 20 per cent of official development assistance should be directed towards human development, alongside stronger provisions covering democracy, human rights and the rule of law.

Global Europe is intended to consolidate several existing financing instruments into a single framework governing much of the Union’s external expenditure. The programme would finance activities ranging from development cooperation and humanitarian assistance to economic partnerships and support for countries preparing to join the EU.

The Commission introduced the original €200 billion proposal in July 2025. However, subsequent negotiations among member states have raised the prospect of substantial reductions.

Germany, the Netherlands and several Nordic countries have argued that the next budget must reflect the financial constraints facing national governments. Their objections have complicated efforts to accommodate additional spending on European security and economic competitiveness.

The European Parliament has taken a different position, maintaining that reducing external expenditure would restrict the Union’s ability to operate internationally when European security and economic interests increasingly depend on developments beyond its borders.

Ukraine and enlargement funding

The parliamentary proposal would preserve support for Ukraine while seeking to prevent assistance connected with Russia’s invasion from reducing resources available to other partner countries.

Ukraine’s reconstruction, institutional reforms and integration with European markets will require substantial financing over the coming years. However, the precise allocation will depend on negotiations over the wider budget and the financing arrangements eventually approved.

For candidate countries, MEPs want clearer incentives linking EU assistance to progress on political and economic reforms. The proposed framework would also provide Brussels with greater powers to suspend funding where democratic standards, human rights or judicial independence deteriorate.

A separate provision would permit the Commission to suspend payments where partner countries seriously fail to meet obligations concerning the readmission of their nationals.

That measure reflects the growing connection between the EU’s development policy and its migration objectives. Brussels has increasingly sought cooperation on returns and border management as part of agreements with countries receiving European assistance.

The committees have also called for stronger parliamentary supervision of Global Europe, including more detailed reporting by the Commission and regular discussions with the commissioners responsible for implementation.

Difficult negotiations ahead

The financial disagreement extends well beyond external policy. The overall seven-year budget remains contested, particularly over agricultural subsidies, regional development funds, defence investment and repayment of borrowing undertaken during the coronavirus pandemic.

As EU Today previously reported, a group of 17 member states has opposed reductions in agricultural and cohesion spending, adding further pressure to negotiations.

The Parliament’s proposed €225 billion allocation has not been agreed by governments and does not constitute an approved spending commitment.

The committees also approved a mandate for negotiations with the Council, although their position still requires endorsement by the full Parliament, provisionally expected in November.

Meanwhile, member states must settle their own negotiating position, including the financial ceilings governing the programme.

The eventual settlement will determine how much Brussels can spend on development cooperation, humanitarian operations and international partnerships after 2027, and how those commitments can be reconciled with the EU’s expanding domestic financial obligations.

Belgium plans to deliver 10 F-16 fighter jets to Ukraine by the end of 2026, Prime Minister Bart De Wever announced on 16 October, raising the expected number from three amid delays in transferring the aircraft.

The expanded commitment comes as Ukraine faces sustained Russian drone and missile attacks and needs additional combat aircraft to strengthen its air defenses. 

De Wever made the announcement at a press conference in Brussels alongside Ukrainian President Volodymyr Zelenskyy, Anadolu Agency reported. He said Belgium’s deliveries had fallen behind schedule because its new US-made F-35 fighter jets arrived later than expected.

Belgium also discussed supplying more ammunition for Ukraine’s F-16s.

F-16 deliveries delayed by F-35 schedule

“We will deliver 10 this year,” De Wever said, explaining that delays in receiving Belgium’s F-35s had held up the transfer of its F-16s. The new aircraft are now beginning to arrive, allowing Belgium to move forward with deliveries to Ukraine.

Zelenskyy confirmed that Kyiv expects additional F-16s from Belgium by the end of the year and thanked Brussels for the agreement.

The announcement marks an increase from Belgium’s previously reported plan to send three F-16s to Ukraine by the end of 2026. The new figure would more than triple the number expected under that earlier commitment.

F-16s to help counter Russian jet-powered drones

De Wever said Ukraine urgently needs operational fighter jets and described the F-16 as one of the few weapons capable of effectively countering Russian jet-powered drones.

The aircraft can also intercept cruise missiles and other aerial targets, while carrying out electronic warfare and combat missions. Ukraine received its first F-16s in 2024 after allies agreed to supply the aircraft and train Ukrainian pilots. 

Belgium discusses ammunition and financial support

Zelenskyy and De Wever also discussed supplying additional ammunition for Ukraine’s F-16s, including 20 mm rounds produced by Belgian defense company FN Herstal.

The leaders also reportedly discussed Ukraine’s financial needs, though neither provided details on potential next steps. Belgium remains at the center of discussions over frozen Russian assets, as Brussels hosts Euroclear, which holds a large share of the immobilized funds.

Ukraine has received undisclosed assistance from Poland as it struggles to defend against increasingly intense Russian drone and missile attacks, President Volodymyr Zelenskyy hinted during a meeting with Polish Prime Minister Donald Tusk in Brussels on 15 October, Radio Svoboda reported.

Ukraine’s air defense needs are greater than at any point since 2022, as intensified Russian drone and missile attacks strain existing systems and expose shortages of interceptor missiles. With US support increasingly uncertain amid tensions between Kyiv and Washington, European military aid is becoming more critical to Ukraine’s ability to defend its cities and infrastructure.

Zelenskyy thanked Warsaw for its support, suggesting that some assistance had to remain confidential. He also specifically mentioned 20 mm ammunition, which Ukraine needs to defend its cities against Russian attacks.

“Sometimes this has to stay between the two of us,” Zelenskyy said, thanking Tusk for the aid.

European support increasingly important amid US rift

Ukraine is facing mounting pressure on its air defenses as Russia increases the scale of its aerial attacks. Ukrainian forces are also struggling with shortages of interceptor missiles, particularly Patriot missiles needed to counter Russian ballistic strikes, leaving the country vulnerable to further attacks.

The need for additional support comes amid growing uncertainty over US assistance under President Donald Trump. Washington has taken steps that have strained ties with Kyiv, including easing some restrictions on Russian fuel and pressing for an energy ceasefire that Ukraine says Russia has continued to violate. 

Recent disruptions to US-linked intelligence and satellite support have also raised concerns about Ukraine's ability to detect and counter Russian attacks.

As uncertainty over Washington's role grows, European military assistance is becoming increasingly important for Ukraine's defense.

Defense cooperation continues despite political tensions

Tusk reaffirmed Poland's commitment to supporting Ukraine, saying Kyiv could count on Poland and the European Union. He also opposed easing EU sanctions against Russia, arguing that Europe should not take steps that help Moscow finance its war.

The meeting also came amid strained relations between Kyiv and Warsaw over historical disputes. However, Poland's government has maintained that these disagreements should not undermine military support for Ukraine, whose ability to resist Russian aggression is closely tied to Poland's own security.

What kind of ceasefire allows bombing to resume without warning, vehicles carrying civilians to be struck, homes to collapse upon their inhabitants?

Israel is restricting prosthetics and rehabilitation equipment from entering Gaza, leaving thousands of children waiting for a medical evacuation that may never come.