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This is Mike Baker, host of the President's Daily Brief Podcast, filling in for Bill O'Reilly.

You're listening to the O'Reilly update.

Here's what's happening around the world.

Argentina ditches its peso for the US dollar.

Italy moves on the mafia.

China backs Palestine.

And it seems a record number of Americans fear for their lives.

Also ahead, my message of the day.

But first, Argentina's President-elect Javierle, is moving forward with his plan to ditch the country's domestic

peso for the US dollar.

The anti-socialist outsider believes that pegging his currency to the United States will reduce inflation rates that have spiked to 140 percent.

Other countries that have adopted the dollar to stabilize the economy include Ecuador,

El Salvador, Panama, and informally Venezuela.

Now, Mille has also promised to cut a variety of government agencies and to realign Argentina's trade focus,

moving away from China and Brazil and focusing on the US.

One of the biggest mafia trials in Italian history ended this week. In total, 200 defendants

were sentenced to more than 2,000 years in prison. For murder, extortion, fraud, drug trafficking, and money laundering.

Now the crime syndicate of 150 families in southern Italy

...