Hello and welcome to the intelligence from the economist.

In New York, I'm John Fassman.

And in London, I'm Jason Palmer.

Every weekday, we provide a fresh perspective on the events shaping your world.

Thavelas Vies Barriobahel.

The name's Vary, but around 120 million people in Latin America live in slums surrounding

major cities.

Argentina has embarked on an ambitious slum-improvement plan led by an equally ambitious politician.

And one clear trend from the war in Ukraine is the rise in the use of drones and precision

anti-aircraft missiles.

So good old fashioned ground attack aircraft aren't as safe or as useful as they once were.

As of this war, they might be in a terminal tailspin.

First up though.

On Tuesday, Americans went to the polls.

Today, early results for the midterm elections have come in.

The Republicans look likely to take narrow control of the House of Representatives.

As the current minority leader, Kevin McCarthy, told supporters at an election night party.

Now let me tell you, you're out late.

But when you wake up tomorrow, we will be in the majority and Nancy Pelosi will be in

the minority.

But while Republicans have something to cheer about, the predicted red wave did not appear.

It looks more like a Republican ripple.

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