Welcome, friends, to another edition of Economic Update, a weekly program devoted to the

economic dimensions of our lives and those of our children.

I'm your host, Richard Wolfe.

As usual, before jumping in, I want to remind you that Charlie Fabian is awaiting your communications

if you have ideas, suggestions, criticisms that you want to pass on to us.

Just write him at Charlie.Info438 at gmail.com.

I also want to remind you that understanding capitalism, a new book we released this year,

is a kind of companion volume to these programs. If you're interested in what we do here,

if you find this valuable, insightful,

then remember these are segments that we produce on this program. If you want to go into

the same material in some depth, that's the book for you. It's a kind of companion to this

program. Okay, today we have companion to this program.

Okay, today we have a very interesting program.

We're going to start by talking about the U.S.-Iran military conflict.

Then we're going to have a few words about the remarkable election in the Democratic

primary for mayor, the election of Mr. Mombani, who won that

race. We're going to do it in much more detail a week from now, or the whole program will be

devoted to that, but a few preliminaries we can already talk to you about.

Then the resignation of two union leaders from the Democratic National Committee, which

is very closely related to the significance of the Mamdani victory in New York.

And then finally, a milestone in the economic growth of the

Bricks Alliance that is now the center of the world economy and the largest block,

...