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☆ Elon Musk's Tesla dreams may hinge on his blossoming bromance with Argentina's libertarian president Javier Milei
▼ + stars: | 2024-05-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk seems to be courting Argentine President Javier Milei to secure lithium supplies. AdvertisementTesla CEO Elon Musk has been cozying up to Argentine president Javier Milei — and lithium may be one reason why. Milei told the TV show "La Noche De Mirtha" in December that Musk had called him and said he was "extremely interested" in lithium. Argentina's ambassador to the US, Gerardo Wethein, told Argentine media that the pair talked about Tesla's "investment opportunities" in lithium, the Financial Times reported. Musk met up with Milei again last week, shared a photo of them on X, and later told his followers: "I recommend investing in Argentina."

Persons: Elon Musk, Javier Milei, —, Milei, Musk, Tesla, Gerardo Wethein, Donald Trump, He's Organizations: Argentine, EV, Service, Business, United States Geological Survey, Reuters, Financial Times Locations: Argentina, Argentine, Texas, Tesla's, Austin

The billionaire has shared videos of the Argentine president attacking “social justice” with his 182 million followers. One doctored image, which implied that watching a speech by Mr. Milei was better than having sex, is among Mr. Musk’s most viewed posts ever. Mr. Musk has helped turn the pugnacious libertarian into one of the new faces of the modern right. But offline, he has used the relationship to press for benefits to his other businesses, the electric carmaker Tesla and the rocket company SpaceX. “Elon Musk called me,” Mr. Milei said in a television interview weeks after taking office.

Persons: Javier Milei, Elon Musk, Musk, Milei, Musk’s, Tesla, “ Elon Musk, ” Mr Organizations: South, ”, Argentine, SpaceX Locations: Argentina

☆ Credit Cards Are Smarter: Better Fraud Detection, No Travel Alerts
▼ + stars: | 2024-05-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

I don't know how JPMorgan Chase knew that I would spend $200 on Botox in Argentina, but it did. It's great that banks and credit-card companies are getting better at discerning which payments are fraudulent and which are legit. Credit-card fraud protection is still far from perfect, but there's no denying that the technology is improving. So I reached out to some credit-card companies and academics to learn more. But it's cool that companies really are making fraud detection better, especially in a world where fraudsters themselves are constantly getting better.

Persons: JPMorgan Chase, it's, Nilson, We've, that's, Tina Eide, Eide, Mike Lemberger, they've, Lemberger, here's, Yann, Aël Le Borgne, Gianluca Bontempi, Bontempi, I'd, Le Borgne, somebody's, Emily Stewart Organizations: Citibank, JPMorgan, Federal Trade Commission, American Express, Netflix, Libre de Bruxelles, Companies, Visa, Citi, Business Locations: California, Buenos Aires, Botox, Argentina, North America, Belgium, Lemberger

☆ Ukraine was a magnet for foreign fighters. After 2 bruising years, many are disillusioned or dead.
▼ + stars: | 2024-05-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +9 min

Zelensky's International Legion of Territorial Defense of Ukraine (ILDU) was born, echoing the International Brigades that fought fascism in the Spanish Civil War of the 1930s. According to Ukrainian officials, dozens of Ukrainians were killed and more than 100 foreign volunteers injured, ending their campaigns before they began. AP Photo/Rodrigo Abd, FileUkraine originally said 20,000 foreign volunteers had signed up to fight. That could prove "very enticing" for some foreign volunteers, Bocchese said. AdvertisementAn April 2024 increases payments for Ukrainian volunteers, adds new punishments for draft dodging, and seeks to compel Ukrainian men living abroad to come home.

Persons: —, Volodymyr Zelenskyy, Carl Larson, Marco Bocchese, Rodrigo Abd, Bocchese, Matteo Pugliese, Pugliese, Larson, Oleksandr Shahuri, Zelenskyy, Lukatsky Organizations: Ukraine's, Service, Legion of Territorial Defense of, Brigades, Royal United Services Institute, International Legion, Legion, Webster Vienna Private University, AP, Washington Post, 59th Motorized Brigade, Company, University of Barcelona, Georgian Legion, International, Army, Green Beret, Navy SEAL, State Department, National Guard, Bolivar Battalion, Associated Press Locations: Russia, Ukraine, Legion of Territorial Defense of Ukraine, Spanish, Ukraine's, London, Iraq, Kharkiv, Alabama, Russian, Lviv, Bucha, Kyiv, Austria, Montenegro, Kosovo, India, Latin America, Ukrainian, Lyman, Bolivar, Venezuela, Ecuador, Argentina, Colombia, Venezuelan

☆ Inflation data commands center stage next week and provides a test for the market rally
▼ + stars: | 2024-05-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.

Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero, JD.com, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics, Despegar.com, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City

☆ Racism Alleged at Multiple Globe Life Affiliates
▼ + stars: | 2024-05-10 | by ( Susan Antilla | ) www.businessinsider.com time to read: +20 min

"If I'd brought it up, I would have been blackballed," he told BI. She told BI that Lobello frequently sent her racist memes he found online that contained the N-word. AdvertisementBell, in the hat at right, at a team dinner for an AIL agency then known as Giglione-Ackerman. In the areas she was assigned, she told BI, "most of the people were uninsurable" because of poor health, hard drug use, and poverty. If you work at Globe Life or AIL and have information to share about the company, please contact Susan Antilla at susan.antilla1@gmail.com .

Persons: Domenico Bertini, Chris Selejan, Rob Gray, James " Bo, E, Gentile, Organization —, Frank Svoboda, Warren Buffett's Berkshire Hathaway, Fuzzy Panda, Scott Dehning, AIL, Dehning, Jennifer Haworth, I'd, John L, Ann Marie Arcadi, Gray, Eric Giglione, Giglione, Bell, He'd, Brian W, Fraser, Popeyes, Morgan Lobello, Lobello she'd, y'all, Lobello, David Zophin, Ackerman, Andy Mercado, texted, quieted, Bell's, Raynaldo Lafontant, David Ackerman, Lafontant, Mercado, Sarah Reay, Reay, Debra Gamble, Gamble, Nicole Korkolis, Donnaya Presberry, Presberry, Abeni, Mayfield, Amy Williamson, Abeni Mayfield, Rosem Morton, Silvana Pajor Flores, Pajor Flores, Susan Antilla Organizations: Globe Life, Business, Globe, New York Stock Exchange, Texas Rangers, Dallas Cowboys, Organization, BI, Department of Justice, Research, Latina, Ackerman Agency, New Jersey Superior Court, SEAT, Giglione, Commission, Professional Employees International Union, Liberty National Division, Liberty National, Edison, AIL Locations: Kentucky, Bertini, Pennsylvania, McKinney , Texas, Michigan, West Virginia, New Jersey, Argentina, Aurora , Colorado, Edison , New Jersey, Edison, Giglione, Morgantown , West Virginia, Moon Township , Pennsylvania, Pittsburgh, Columbia , Maryland, Cumberland , Maryland, Kansas, Waco , Texas, Colorado, AIL, susan.antilla1@gmail.com

United Nations CNN —A United Nations resolution in support of Palestinian membership passed with overwhelming support on Friday, and granted new privileges to the Palestinian Authority in its current capacity as a non-member observer state. Palestinian Ambassador to the United Nations Riyad Mansour at the UN in New York City on May 10, 2024. Eduardo Munoz/ReutersIn remarks before the vote, Palestinian ambassador Riyad Mansour spoke passionately about the plight of Palestinians in wartorn Gaza. Only member states can vote, but the Palestinian Authority can now be seated among member states in alphabetical order; submit and introduce proposals and amendments; and co-sponsor proposals and amendments. In September 2011, the Palestinian Authority failed to win UN recognition as an independent member state.

Persons: “, ”, United Nations Riyad Mansour, Eduardo Munoz, Riyad Mansour, ” Mansour, Israel Katz, Mansour, United Nations Robert Wood, Wood, United Nations Gilad Erdan, Charly Triballeau, Gilad Erdan, ” Erdan, Farhan Haq, ” Haq Organizations: United Nations CNN, Nations, Palestinian Authority, United Arab, United Nations, Palestinian, UN, Reuters, Columbia University, Authority, Security, US, Assembly, Getty Locations: Hungary, Argentina, Micronesia, Nauru, Palau, Papua New Guinea, Israel, United States, United Arab Emirates, The State, Palestine, United, New York City, Gaza, Rafah, AFP, New York

☆ Prices have surged so much in Argentina that the government will print 10,000 peso notes
▼ + stars: | 2024-05-09 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Astronomic inflation in Argentina has caused the government to higher denominations of the country's peso. The central bank next month will issue a 10,000 peso note, worth about $11 based on Thursday's exchange rate. AdvertisementInflation is so bad in Argentina that the central bank will issue 10,000 peso notes to relieve people from the burden of having to haul bags of cash around for day-to-day needs. The note, worth about $11 based on Thursday exchange rates, tops the 2,000 peso note as the country's biggest bill. Meanwhile, the central bank also announced that it will launch a larger bill — a 20,000-peso note — later this year.

Persons: —, Javier Milei Organizations: Service, Associated Press Locations: Argentina

☆ Dollar holds its ground as key inflation data looms
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +2 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. Japan's top currency diplomat Masato Kanda on Thursday reiterated a warning that Tokyo is ready to take action in the currency market. The dollar index rose to 0.05% to 105.55, while the Japanese yen was mostly flat at 155.59 per greenback. The BOE is likely to take another step towards its first interest rate cut in four years as inflation falls.

Persons: Masafumi Yamamoto, Masato Kanda, Susan Collins, Sterling, BOE, bitcoin Organizations: Federal Reserve, Bank of, Mizuho Securities, Traders, PPI, Fed Bank of Boston, European Central Bank Locations: Buenos Aires, Argentina, Japan, U.S, United States, Tokyo, —

☆ Goldman and JPMorgan see big upside for this under-the-radar steel stock
▼ + stars: | 2024-05-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs and JPMorgan think steel producer Ternium can strengthen its presence in South America resulting in big upside for the stock. JPMorgan has an outperform rating on Ternium stock, with a $54 per share price target which equates to nearly 33% upside from Monday's $40.31 close. Goldman Sachs, meanwhile, is buy rated on Ternium with a $51 per share price target, or about 27% upside moving forward. TX YTD mountain Ternium stock. The firm's $47 per share price target amounts to nearly 17% upside moving forward.

Persons: Goldman Sachs, Goldman, Morgan Stanley Organizations: JPMorgan, U.S Locations: South America, America, Argentina, Brazil, Columbia, Guatemala, Mexico

☆ César Luis Menotti, Who Coached Argentina to a World Cup, Dies at 85
▼ + stars: | 2024-05-08 | by ( The Associated Press | ) www.nytimes.com time to read: 1 min

César Luis Menotti, the charismatic coach who in 1978 led Argentina to its first World Cup title, achieving that milestone in the country’s capital, Buenos Aires, has died. The Argentine Football Association announced the death on Sunday but did not give a cause or specify where or when he died. He reportedly underwent surgery for phlebitis in April and then returned home. Passion for soccer and a sharp ability to explain its mechanics were Menotti’s hallmark characteristics as a trainer. He was considered one of the most emblematic and influential coaches in Argentine soccer.

Persons: César Luis Menotti Organizations: Argentine Football Association, phlebitis Locations: Argentina, Buenos Aires, Argentine

☆ Diego Maradona’s Golden Ball trophy went missing in unknown circumstances for decades. Now it’s expected to sell for millions
▼ + stars: | 2024-05-08 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —Diego Maradona’s Golden Ball trophy from the 1986 World Cup, which had gone missing in contested circumstances for decades, has reappeared and is anticipated to sell for millions of dollars at auction next month. Argentina went on to defeat West Germany 3-2 in the final and win the second of the country’s three World Cup titles. Maradona controls the ball during the 1986 World Cup final against West Germany. Colorsport/ShutterstockThe history of the Golden Ball trophy awarded to Maradona in Paris after the tournament is shrouded in mystery. Maradona was unquestionably a household name before the 1986 World Cup, but after leading Argentina to the title, he became a global superstar.

Persons: CNN — Diego Maradona’s, ” François Thierry, “, ” Maradona, God, ”, Maradona, Thierry, there’s, didn’t, Aguttes, Asif Kapadia’s Organizations: CNN, England, CNN Sport, West, Maradona, Italian, Napoli, Argentine Locations: Paris, Argentina, Argentine, West Germany, Buenos Aires

☆ Druckenmiller says he bought five Argentinian stocks, praises Javier Milei's policies
▼ + stars: | 2024-05-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"The only free market leader in the world right now, bizarrely, is in Argentina of all places," Druckenmiller said. Milei took office in December, promising economic reforms after Argentina was hit hard by inflation. I bought all of them, we did some work on them, I increased my positions," Druckenmiller said. ARGT 1D mountain The Global X MSCI Argentina ETF rose on Tuesday morning. The Global X MSCI Argentina ETF (ARGT) , which includes many of the stocks listed above, rose more than 1% in premarket trading Tuesday.

Persons: Stanley Druckenmiller, Druckenmiller, Javier Milei, Milei, Soros, Duquesne, it's Organizations: Economic, Duquesne Family, Grupo, Arcos, Banco BBVA Argentina, Mercadolibre, Grupo Financiero Galicia, Banco Locations: Argentina, Davos, U.S, Americas

☆ Death toll from southern Brazil rainfall rises to 78, many still missing
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +2 min

A general view of flooded streets after the overflow of the Guaiba river on May 4, 2024 in Porto Alegre, Brazil. Rains have struck heavily the Brazilian state of Rio Grande do Sul causing damages in the infrastructure and displacing more than 115,000 people. Authorities report over 78 fatalities and expect the death toll to increase while dozens of people are still missing. The death toll from heavy rains that have caused flooding in Brazil's southern state of Rio Grande do Sul has risen to at least 78, local authorities said on Sunday, with more than 115,000 people displaced. The death toll could still substantially increase as 105 people were reported missing on Sunday, up from about 70 the prior day, according to the state civil defense authority.

Persons: Rains, Luiz Inacio Lula da Silva, Lula, Eduardo Leite, Fabiano Saldanha, Saldanha Organizations: Authorities, Volunteers, Porto Alegre Locations: Porto Alegre, Brazil, Rio Grande do Sul, Porto, Uruguay, Argentina

☆ Corn hits 3-month high; soy, wheat climb on global crop weather woes
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: +2 min

Wheat futures hit a one-week high on renewed concerns over dry weather in Russia, the world's biggest wheat supplier. In Argentina, corn stunt disease spread by leaf-cutter insects and adverse weather prompted the Buenos Aires grains exchange to slash its estimate for Argentina's 2023/24 corn harvest by 3 millions metric tons to 46.5 tons. In wheat, Russia's IKAR agricultural consultancy cut its forecast for the country's crop to 91 million metric tons from 93 million tons and its wheat exports to 50.5 million metric tons from 52 million tons. Wheat futures jumped as weather forecasts showed the region getting virtually no rain in the coming two weeks. Managed money funds held a net short position in CBOT wheat futures at the beginning of 2024 because of a strong dollar and slow U.S. demand, Zuzolo said.

Persons: Jim Niewold, Susan Stroud, Mike Zuzolo, Nature, Zuzolo Organizations: Chicago Board of Trade, Global, Analytics Locations: Loda , Illinois, Brazil, Russia, Brazil's Rio Grande do Sul, Argentina, Buenos Aires, South America

☆ Diego Maradona’s children call for moving body to mausoleum for safety and tribute
▼ + stars: | 2024-05-03 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Diego Maradona’s children filed a request with the Argentine Courts on Thursday to move the former football great’s body “to a much safer place” and for fans “to pay tribute” in a mausoleum. Maradona’s remains lie in a private cemetery on the outskirts of Buenos Aires where he was carried in November 2020 in a massive funeral procession. The mausoleum, called “Memorial del Diez,” is located behind the Casa Rosada, the seat of the executive branch of the Argentine government, and will be open to the public, Veronica Ojeda, mother of Maradona’s youngest son, told local media. Maradona died at age 60 in November 2020 from a heart attack. Fans of Napoli and of the Argentine national team worshipped him as the “god of football.”

Persons: Reuters — Diego Maradona’s, “, Veronica Ojeda, Maradona’s, ”, Gianinna Maradona, Ojeda, Diego Maradona Jr, Maradona Organizations: Reuters, Argentine, Casa, Dalma, Argentina, Napoli Locations: Buenos Aires, ”, Argentine

☆ Murders, imprisonment and violence: Threats to press freedom grow in Latin America
▼ + stars: | 2024-05-03 | by ( Esteban Campanela | Sol Amaya | ) edition.cnn.com time to read: +13 min

These are just the tip of the iceberg of the challenges faced by many media workers in Latin America, where experts say the status of press freedom is increasingly worrisome. The Prosecutor’s Office confirmed in a press conference that they believed the crime was linked to his journalistic work. Last week, the Mexican president criticized the US State Department’s report on human rights in the world, which refers to concerns over press freedom in Mexico, saying that US authorities should “be respectful”. In a publication in social network X, Cuban Foreign Minister Bruno Rodríguez said US officials are not concerned about the human rights of Cubans and that the United States has its own human rights violations. Nicaragua: Ortega-Murillo regime targets journalismHarassment of the press in Nicaragua has been widely reported on numerous occasions.

Persons: CNNE, Francisco Cobos, ”, Cobos, Andrés Manuel López Obrador, López Obrador, Enrique Peña Nieto, Felipe Calderón, Lourdes Maldonado López, Maldonado López, Séptimo Día, Roberto Figueroa, Xochitl Zamora, Lourdes Maldonado, Maldonado ´, Marco Ugarte, AP López Obrador, Andres Oppenheimer, Javier Milei, Lopez Obrador, Abraham Jimenez, Jimenez, civically, “, Miguel Diaz, Yamil Lage, Jiménez, Bruno Rodríguez, Ortega, Murillo, Juan Lorenzo Hollman Chamorro, Hollman Chamorro, Chamorro, Carlos Fernando Chamorro, Rosario Murillo, … provocateurs, Chávez, Vos, Chavez, ” Edgar López, López, Juan Pablo Lares, Maximiliano Bruzual, Ariana Cubillos, Nicolas, Maduro’s, Yván Gil, ” Jeannine Cruz, Gustavo Petro, Nayib Bukele, Gonzalo Zegarra, Rey Rodríguez, Manuela Castro, Ana María Cañizares, Ivonne, José Álvarez, Elvin Sandoval, Iván, Sarmenti, Español Organizations: CNN, Amnesty International, Protect Journalists, Univision, Televisa, Prosecutor’s, AP, CIA, Canel, Getty, Cuban Foreign, La Prensa, National Police, ”, El, Regional, Democracy, Nicaraguan, State Department, National College of Journalists, Venezuelan, TC Television, Communication, “ Locations: Mexico, Cuba, Venezuela, Nicaragua, Latin America, Mexican, American, Tamaulipas, McAllen , Texas, Tijuana, Morelos, Tijuana , Mexico, Spain, Cuban, Havana, AFP, United States, Costa Rica, El Confidencial, Managua, NIcaragua, Sur, Washington, Venezuelan, “, Caracas, ”, Ecuador, Guayaquil, America, Argentina, Colombian

☆ HSBC CEO announces surprise retirement
▼ + stars: | 2024-04-30 | by ( ) edition.cnn.com time to read: +3 min

Hong Kong — HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. “We do hope that the next CEO would lay out more plans, execution-wise, to further increase the bank’s businesses in Asian countries,” he added. “I’ve held intensive leadership roles since I took on a commercial bank role in October 2008, so I’m personally ready for a change,” Quinn told reporters on a call. HSBC also faced criticism in recent years from Western lawmakers over its dealings with China amid growing geopolitical tensions. The London-headquartered bank also announced $3 billion worth of share buybacks on top of $2 billion in share purchases announced in February.

Persons: Noel Quinn, —, Georges Elhedery, Quinn, ”, Simon Yuen, “ I’ve, I’m, ” Quinn, “ It’s, Mark Tucker, “, ” Tucker, China’s Organizations: HSBC, HSBC’s, Management, China’s Ping An Insurance Locations: Hong Kong, Asia, United States, France, Argentina, Canada, Europe, China, The London

☆ Yen clings to sharp gains after suspected intervention, Fed in focus
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: +3 min

The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that traders said were sparked by suspected intervention by Japanese authorities. "There is clearly a possibility that the sharp and sudden lifts in the JPY were sparked by intervention. Official figures that would reveal whether intervention did in fact occur won't be available until late May. The Japanese currency still sits lower than it was before the Bank of Japan's policy announcement last week. The Fed is expected to strike a hawkish message, meaning more yen selling is likely, CBA's Kong said.

Persons: haven't, Masato Kanda, Carol Kong, bode, CBA's Kong, pare, Sterling, bitcoin Organizations: Federal, Commonwealth Bank of Australia, Trading, Markets, Bank of, Fed, Traders, European Central Bank Locations: Buenos Aires, Argentina, Tokyo, Asia, Japan, U.S, Bank of England

☆ Opinion | Trump Is Flirting With Quack Economics
▼ + stars: | 2024-04-29 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

I wish people would stop calling Donald Trump a populist. He has, after all, never demonstrated any inclination to help working Americans, and his economic policies really didn’t help — his 2017 tax cut, in particular, was a giveaway to the wealthy. But his behavior during the Covid-19 pandemic showed that he’s as addicted to magical thinking and denial of reality as any petty strongman or dictator, which makes it all too likely that he might preside over the type of problems that result when policies are based on quack economics. Now, destructive economic policy isn’t the thing that alarms me the most about Trump’s potential return to power. Prospects for retaliation against his political opponents, huge detention camps for undocumented immigrants and more loom much larger in my mind.

Persons: Rudiger Dornbusch, Sebastian Edwards, wasn’t, “, Recep Tayyip Erdogan of, Donald Trump, he’s, Biden Locations: Latin America, Argentina, Venezuela, Recep Tayyip Erdogan of Turkey, United States

☆ Why a Brazilian UFC star is championing a dead Austrian economist
▼ + stars: | 2024-04-28 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. Ludwig von Mises From Mises Institute“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time. “That is my jam!” Shapiro said of the Austrian school. “If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother.

Persons: Renato Moicano, “, Ludwig von Mises, ” Moicano, Mises, midcentury, influencers, “ Ludwig von Mises, ”, Tyler Cowen, Marx, Camila Rocha, Moicano, Jair Bolsonaro, Javier Milei, Fabrice Coffrini, Milei, “ Milei, Daniel Raisbeck, Raisbeck, Milton Friedman, ” Mises, El, Nayib Bukele, Amanda Andrade, Rhoades, Rocha, Ben Shapiro, ” Shapiro, It’s, “ you’re Organizations: CNN — Brazilian UFC, Austrian, Mises, “, Bloomberg, New York University, Brazilian Center of Analysis, UFC, Economic, Cato Institute, Argentina national, Salvador, Conservative Political, Conference, Mises Institute, Mises Institutes, Fox Business, YouTube Locations: Austrian, United States, South, Central America, American, El Salvador, Argentina, Brazil, Davos, AFP, Milei, Buenos Aires, Mises, National Harbor , Maryland, Washington, Latin America

☆ Lionel Messi scores twice and breaks two Major League Soccer records in emphatic Inter Miami win
▼ + stars: | 2024-04-28 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —Lionel Messi’s start to the new Major League Soccer season has been impressive, even by the Argentine great’s lofty standards. Inter Miami sits atop the MLS Eastern Conference after a brilliant start which has included six victories in 11 games. In front of 65,612 fans – a new attendance record for a Revolution home game – Messi set two MLS records. “People come to every stadium to see Leo, that’s true, but they also want their team to win,” Miami head coach Gerardo Martino said in Spanish postgame, per the MLS. He has also contributed significantly to the transformation of Miami’s fortunes, helping the team win its first trophy last August, as well as taking it to the top of the Eastern Conference standings this campaign.

Persons: Lionel Messi’s, Messi, –, – Messi, Maddie Meyer, Tomás, Benjamin Cremaschi, Luis Suárez, Leo, that’s, Gerardo Martino, “ We’re, ” Messi, Ballon d’Or Organizations: CNN, Major League Soccer, Inter Miami, New England, Gillette, MLS Eastern Conference, MLS, Messi, New, “, Miami, Argentina, Chase Field, Nashville SC, Eastern Conference Locations: Argentine, Miami, Spanish

☆ I've gone by a nickname since I was in high school. Sometimes I feel like I'm erasing my real identity.
▼ + stars: | 2024-04-26 | by ( Conz Preti | ) www.businessinsider.com time to read: +4 min

My real name is Constanza, and I always felt it was hard to say and spell by non-Spanish speakers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . We were in chemistry class and I was sitting next to one of my best friends in high school. Sometimes, I wonder if I'm erasing my immigrant identity by using a name that is "easier" for English speakers to say. Now that I'm a parent and I'm getting older, sometimes I feel like I'm doing a disservice to my heritage by not going by my real name.

Persons: Conz, —, Roberta, Connie, I've, I'm, It's Organizations: Service, Conz Locations: Argentina

☆ How Argentina's inflation fight made the peso the strongest currency in the world
▼ + stars: | 2024-04-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The Argentine peso has jumped 25% in three months against the dollar in one key exchange market. AdvertisementArgentina's President Javier Milei still hasn't dollarized the economy as promised, but he has managed to do something that's possibly more shocking: strengthen the peso. This currency has been one of 2023's most devalued tenders, and yet it's now become the top currency against the dollar. In the past three months, the peso has surged 25% in the blue-chip swap market, one of Argentina's key foreign exchanges. It's also ironic that Milei has come to lead the peso out of tougher times, given his loud disdain for the currency last year.

Persons: Javier Milei's, —, Javier Milei, he's, It's, Milei Organizations: Argentine, Service, Bloomberg, Financial Times Locations: It's, Argentine, greenbacks

☆ Tens of thousands protest as Milei’s austerity measures hit Argentina’s public universities
▼ + stars: | 2024-04-24 | by ( Abel Alvarado | ) edition.cnn.com time to read: +3 min

CNN —More than a hundred thousand protesters took to the streets of Buenos Aires and other cities in Argentina Tuesday to demand President Javier Milei increase funding for public universities. The University of Buenos Aires (UBA) said in a statement that around 800,000 people took part in the protests in Buenos Aires, while Milei’s government claimed there were 150,000 protesters, according to local media. Milei’s government has defended its decision to freeze the 2023 budget for public universities, announcing increases only in operating expenses, which according to the UBA account for just 15% of spending needs. Students, teachers and political leaders take part in a march against budget cuts to universities in Buenos Aires on April 23. In January, labor unions organized a nationwide general strike against austerity measures and reforms, and thousands took to the streets to protest.

Persons: Javier Milei, Milei, ”, Luciano Gonzalez, ” Milei Organizations: CNN, University of Buenos, Anadolu Agency, Getty, Ministry, Argentina Catholic University, Argentina national Locations: Buenos Aires, Argentina, University of Buenos Aires, Argentine

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