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☆ 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

☆ 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

☆ 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

☆ Ahmad Vahidi: Argentina seeks arrest of Iranian minister over 1994 bombing of Jewish community center
▼ + stars: | 2024-04-24 | by ( Abel Alvarado | Mauricio Torres | ) edition.cnn.com time to read: +2 min

CNN —Argentina is seeking the arrest of Iran’s Interior Minister Ahmad Vahidi for allegedly being one of the perpetrators of the 1994 bombing of a Jewish community center in the capital Buenos Aires. The Argentine Foreign Ministry said in a statement Tuesday that, at its request, Interpol had issued a red notice for Vahidi’s arrest over the bombing of the Argentine Israelite Mutual Association (AMIA). The aftermath of the bomb attack at the AMIA center in Buenos Aires on July 18, 1994. Diego Levy/Bloomberg/Getty ImagesThe 1994 attack – the worst in Argentina’s history – killed 85 people and injured about 300. “Thank you to President (Javier) Milei and Foreign Minister Diana Mondino for the request to issue an order for his arrest for the attack against the Jewish community,” he wrote.

Persons: Ahmad Vahidi, Vahidi, Diego Levy, –, Nasser Kanaani, ”, Israel Katz, Argentina’s, Javier, Milei, Diana Mondino, “, Ayatollah Ali, Khamenei Organizations: CNN —, Argentine Foreign Ministry, Interpol, Argentine Israelite Mutual Association, CNN, Español, Bloomberg, Getty, Iran’s Foreign, ” Israel’s Locations: CNN — Argentina, Buenos Aires, Argentina, Iran

☆ Currencies calm but cautious after a weary week
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: +3 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Eyes are on the yen this week, with the Bank of Japan's, or BOJ, Friday policy review the notable item on the economic calendar. The yen has been one of the biggest losers against the dollar this year, with losses mounting to 9%. The ECB's Robert Holzmann, however, said the ECB probably will not cut rates this year as much as planned if the Fed does not move. BoE Governor Andrew Bailey and Deputy Governor Dave Ramsden alluded last week to Britain's inflation slowing as expected.

Persons: Chris Weston, Weston, Kazuo Ueda, BoE, ECB policymaker Madis Muller, Christine Lagarde, Robert Holzmann, BoE Governor Andrew Bailey, Dave Ramsden, Sterling, Bitcoin Organizations: U.S ., Bank of Japan's, Federal Reserve, Monetary Fund, Bank, Washington , Bank of Japan, European Central Bank, Bank of England, ECB policymaker, ECB, Treasury Locations: Buenos Aires, Argentina, East, Tehran, Iran, Washington, United States, Japan, South Korea, Washington ,, U.S

☆ I've planned over 200 proposals for clients but wasn't prepared when my best friend got engaged. I worried our friendship would change.
▼ + stars: | 2024-04-20 | by ( Jamie Valentino | ) www.businessinsider.com time to read: +6 min

Growing up, everyone in my family was divorced, and until now, I've never even attended a wedding. Of course, I've been blessed with other forms of love: the unconditional care of a mother, the camaraderie of my siblings, and, especially on days when those entities drive me insane, the steadfast support of my best friend, Camila. Jamie Valentino (left) has gotten close with his best friend Camila's fiancé, Tyler. AdvertisementJamie Valentino was happy for his best friend when she got engaged, but wondered if their friendship would change. Recently, Camila sent me a selfie wearing the winning wedding dress, and she never looked more beautiful — or ready.

Persons: —, I've, Camila, Tyler, Jamie Valentino, Camila's fiancé, Tyler whisking Camila, fiancé, we're, we've, We've, Jamie Valentino Camila, we'd, there'd, It's, it'll Organizations: Service, Business Locations: Medellin, Buenos Aires, Barcelona, Guatemala

☆ Dengue cases top 5.2 million in the Americas as outbreak passes yearly record, PAHO says
▼ + stars: | 2024-04-19 | by ( Michael Rios | ) edition.cnn.com time to read: +3 min

CNN —Dengue cases are surging in the Americas, with cases reported topping 5.2 million as of this week, surpassing a yearly record set in 2023, according to the Pan American Health Organization (PAHO). PAHO spokesperson Ashley Baldwin told CNN Thursday that 5,214,480 cases of dengue have been reported in the Americas as of Wednesday. In all of 2023, the total number of cases reported in the region was 4,572,765. “We are in an emergency situation because of dengue,” PAHO Director Jarbas Barbosa said in a news briefing Thursday. Early detection and access to proper medical care will reduce the probability of dying due to severe dengue,” Baldwin added.

Persons: PAHO, Ashley Baldwin, ”, Jarbas Barbosa, ” Baldwin, Barbosa, Agustin Marcarian, Eraldo Peres, Baldwin Organizations: CNN, Pan American Health Organization, Reuters Public, AP, US Centers for Disease Control, Prevention, World Health Organization, Virgin Islands Locations: Americas, Brazil, Rio de Janeiro, Peru, Buenos Aires, Argentina, Ceilandia, Brasilia, Puerto Rico, Virgin, American Samoa

☆ Opinion: 5 critical takeaways from Iran’s attack on Israel
▼ + stars: | 2024-04-16 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

Miraculously, by a feat of military technology bolstered by coordination with friends and allies, Israel was able to repel the massive attack. The Quds Force commanders have been working with Iran-allied Hezbollah, which has been shelling Israel since Oct. 7, when Hamas launched an attack from Gaza. What if Iran’s missiles and drones had carried nuclear material? In addition, the US was able to work out of its bases in Qatar and northern Iraq to counter Iran’s attack. The Iranian attack has revealed that Israel does have friends, including some in very important places: across the Middle East.

Persons: Frida Ghitis, Israel, Frida Ghitis Tanya Malott, Jerusalem —, Jesus, Israel unlivable, Israel —, Benjamin Netanyahu, —, General Antonio Guterres “, ”, Jordan, ” Saudi Arabia — Iran’s, Benny Gantz, ” Biden, “, Bezalel Smotrich, Itamar Ben Gvir, John Bolton Organizations: CNN, Washington Post, Politics, Islamic Revolutionary Guard Corps, Israel, Quds Force, Hamas, Ukraine, Street Journal, United Arab, Finance, National Security Locations: Israel, Jerusalem, al, Aqsa, Iran, Arab Israeli, Damascus, Gaza, Beirut, Buenos Aires, Jordan, Iraq, North Korea, Israeli, Palestinian, Lebanon, Yemen, Syria, Russia, Argentina, Japan, United States, France, ” Saudi Arabia, United Arab Emirates, Qatar, Republic

☆ Global airlines are governed by strict 'freedoms of the air' dating back 80 years. They've created some funky routes.
▼ + stars: | 2024-04-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Global airlines are governed by nine "freedoms of the air," drafted 80 years ago in 1944. The fifth freedom can give airlines a competitive edge and help capitalize on demand. "Five Freedom Agreements"Qantas flies a Boeing 787 on its fifth freedom route between Sydney and New York. Seventh FreedomThe seventh freedom is similar to the fifth freedom but takes out the limitation of where the route must start or end. Ninth FreedomAdvertisementThis cabotage freedom allows an airline of one nation to fly between two points in a separate single country.

Persons: —, Vytautas Kielaitis, Taylor Rains, Toshi, Nicolas Economou Organizations: Service, International Civil Aviation Organization, United Nations, Chicago Convention, ICAO, Chicago, European Union, Singapore Airlines, Airbus, Qantas, Google Flights, United Airlines, FAA, Emirates, Latam Airlines, Atlantic . Emirates, luxe, Forbes, Air Senegal, Boeing, Ryanair, Getty, Nice Locations: New York, Singapore, Frankfurt, Germany, Emirates, JFK, Milan, Newark, Athens, Dubai, Australian, Sydney, Auckland , New Zealand, Cebu, Philippines, Tokyo, —, Mexico City, Barcelona, Santiago, Chile, Auckland, Amsterdam, Buenos Aires, Los Angeles, Australia, Dakar, Baltimore, Ireland, Rome, Vilnius, Lithuania, Paris

☆ Dollar firms, yen skids as Fed cut wagers crumble
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: +4 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Japan intervened in the currency market three times in 2022 as the yen slid toward what was then a 32-year low of 152 to the dollar. The Japanese central bank last month ended eight years of negative interest rates but yen has remained rooted near 151 per dollar levels since then. The euro was last at $1.0744, having dropped 1% on Wednesday ahead of the European Central Bank, or ECB, meeting later in the day. The Australian dollar was little changed at $0.651, while the New Zealand dollar eased 0.17% to $0.598.

Persons: Masato Kanda, Kyle Rodda, Rodda, Kazuo Ueda, Kevin Cummins, Sterling Organizations: Fed, Reuters, Bank of, Bank of Japan, Federal Reserve, U.S, NatWest, Treasury, European Central Bank, ECB, New Zealand Locations: Buenos Aires, Argentina, Tokyo, Japan, Bank of Japan, U.S

☆ Argentina and Colombia move to mend ties after Milei calls Petro a ‘terrorist murderer’ in CNN interview
▼ + stars: | 2024-04-01 | by ( Marlon Sorto | Heather Chen | ) edition.cnn.com time to read: +2 min

CNN —Argentina and Colombia say they have taken “concrete steps” to improve frayed relations between the two countries after far-right Argentine leader Javier Milei called his left-wing Colombian counterpart a “terrorist murderer” in a CNN interview. In a joint statement Sunday, the two nations’ foreign ministries said they had held talks under orders from Milei and Colombian President Gustavo Petro. The measures include the return of both countries’ respective ambassadors after Colombia last week expelled all Argentine diplomats from Bogota following Milei’s comments to CNN. “You can’t expect much from someone who was a terrorist murderer,” Milei said in the interview of Petro, a former guerilla who became Colombia’s first left-wing president in 2022. Colombia recalled its ambassador to Argentina in January following similar comments from Milei, Reuters reported.

Persons: Javier Milei, ”, Gustavo Petro, “, ” Milei, Petro, Colombia’s, Milei, Andrés Manuel López Obrador, ” López Obrador, López Obrador, Argentinians “, Nicolás Maduro Organizations: CNN —, Colombian, CNN, Reuters, Venezuela’s, Español Locations: CNN — Argentina, Colombia, Argentine, Milei, Bogota, Argentina, Venezuela, Caracas, Buenos Aires, Nazi

Central Bank is ‘mechanism of fraud’Milei also reiterated his intention to shut down the country’s central bank, calling the institution a “mechanism of fraud.”“A central bank is a fairly recent invention. Milei admitted his reform push has stalled in Argentina’s Congress in recent weeks, but his government maintains the intention to close the central bank within three years. In the interview, Milei claimed his government’s greatest success since entering office in December has been to beat the hyper-inflation and achieve a fiscal surplus for the first time in years. Milei celebrated Argentina’s fiscal surplus, achieved last month for the first time in years, and said that fiscal stability is “a beacon” of his government. Argentina’s poverty rate is over 50%, according to a report from the Argentina’s Catholic University in Buenos Aires.

Persons: ” “, Gustavo, Petro, Javier Milei, Andrés Oppenheimer, Miami Herald –, Colombia’s, Milei, ”, Andrés Manuel López Obrador, ” López Obrador, López Obrador, Argentinians “, ” “ Israel, ” Milei, Benjamin Netanyahu, Donald Trump, “, it’s, Oppenheimer, ’ Milei, Argentina’s Organizations: CNN, Colombian, Colombian Foreign Ministry, Miami Herald, Israel, ” Defense, Trump, Israeli, Republican, Democrats, Central Bank, Ulysses, Argentina national, Argentina’s Catholic University Locations: Bogotá, Argentine, Gaza, Israel, Buenos Aires, United States, Argentina’s

☆ Argentina accuses Venezuela of cutting power to its embassy in Caracas after hosting opposition leaders
▼ + stars: | 2024-03-27 | by ( Mauricio Torres | Kathleen Magramo | ) edition.cnn.com time to read: +2 min

CNN —Argentina on Tuesday accused Venezuela of cutting the electricity supply to its embassy in Caracas after the diplomatic mission hosted a meeting with the country’s opposition leaders, the latest sign of souring relations between the two South American nations’ ideologically opposed governments. CNN has contacted the governments of Venezuela and Argentina for comment. Venezuela’s opposition has accused Maduro’s government of repressing its leaders and stifling any free and fair campaigning ahead of the country’s presidential elections on July 28. Colombia and Brazil issued statements Tuesday expressing concern over the opposition’s ability to fairly compete in the upcoming presidential contest. Maduro on Tuesday criticized foreign governments which he claimed, “seek to intervene in the internal affairs of Venezuela.”

Persons: Javier Milei, Nicolás Maduro, ”, Maduro’s, Maduro, Hugo Chavez, María Corina Machado, Machado, “ Organizations: CNN, Argentine, Venezuela’s, Español Locations: Argentina, Venezuela, Caracas, Argentine, Venezuelan, Buenos Aires, Nazi, United States, Colombia, Brazil

☆ Putin scores a resounding win, but what’s next for Russia?
▼ + stars: | 2024-03-17 | by ( Nathan Hodge | ) edition.cnn.com time to read: +17 min

Sovfoto/Universal Images Group via Getty Images Putin poses for a picture with his wife, Lyudmila, and daughters, Yekaterina and Maria. Brooks Kraft LLC/Corbis via Getty Images Putin rides a horse during a vacation in Southern Siberia in August 2009. Dmitry Astakhov/RIA Novosti/AFP via Getty Images Putin plays with his dogs Yume, left, and Buffy at his home in Novo-Ogaryovo, Russia, in March 2013. Chris McGrath/Getty Images Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 summit in Buenos Aires in November 2018. Getty Images Putin speaks with American right-wing pundit Tucker Carlson during an interview in February 2024.

Persons: Vladimir Putin, Putin, ”, Dmitry Kiselyov, Mikhail Mishustin, Ukraine –, Kiselyov, “, Maria Putina, Archivio GBB, ZUMA Press Wire Putin, Laski, Maria, Vladimir, Anatoly Sobchak, Lyudmila, Yekaterina, Boris Yeltsin, Yeltsin, Fidel Castro, Reuters Putin, George W, Bush, Stephen Jaffe, Camp David, Brooks Kraft, Alexey Druzhinin, Alexey Nikolsky, Mikhail Metzel, Ivan Sekretarev, AP Putin, Dmitry Medvedev, Dmitry Astakhov, Buffy, Angela Merkel, Jochen Lübke, Thomas Bach, Medvedev, Vladimir Konstantinov, Alexei Chalyi, Sergei Aksyonov, Sergei Ilnitsky, Kirill Kudryavtsev, Alexander Lukashenko, Merkel, Francois Hollande, Petro Poroshenko, Mykola Lazarenko, Barack Obama, Ban, Chip Somodevilla, Turkey Andrei Karlov, Karlov, Donald Trump, Chris McGrath, Saudi Arabia's Crown Prince Mohammed bin Salman, LUDOVIC MARIN, Emmanuel Macron, Volodymyr Zelensky, Eliot Blondet, Joe Biden, Antony Blinken, Biden, Sergey Lavrov, Denis Balibouse, Macron, Sergey Ponomarev, Mikhail Gorbachev, —, Alexander Nemenov, Alexey Danichev, Xi Jinping, Pavel Byrkin, Yevgeny Prigozhin, Wagner, Prigozhin, Pavel Bednyakov, Kim Jong Un, Kim, Tucker Carlson, Zuma Press Putin, Maxim Shemetov, – what’s, Alexey Navalny, Navalny, ” Putin Organizations: CNN, coy, Kremlin, Getty, Russian, ZUMA Press, Putin, KGB, ZUMA Press Wire, Getty Images, Reuters, US, White House, Camp, Brooks, Brooks Kraft LLC, RIA Novosti, AP, AFP, International Olympic, Crimean, Ukrainian, United Nations, UN, Assembly, Russian Foreign Ministry, Sputnik, World, Saudi Arabia's Crown, Macron, SPUTNIK, New York Times, Central Clinical Hospital, AP Putin, Belarus, State Russian Museum, AP North Korean, Vostochny, Tucker Carlson Network, Zuma Press Locations: Russia, Ukraine, Putin Russia, Russian, Bakhmut, St . Petersburg, Leningrad, Germany, Moscow, AFP, Kazan, Cuba, Soviet Union, Southern Siberia, Russia's Tver, Novo, Ogaryovo, Hanover, Sevastopol, Crimea, Belarusian, Minsk, Belarus, France, Turkey, Helsinki, Finland, Buenos Aires, Ukrainian, Paris, Geneva, Switzerland, Taganrog, Luhansk, Donetsk, Kherson, Zaporizhzhia, Tsiolkovsky, Russia's, North Korea, United States

☆ Crisis-stricken Argentina must dollarize and get rid of the central bank, veteran economist says
▼ + stars: | 2024-03-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Data published Tuesday by the country's statistical office showed that Argentina's 12-month inflation rate through February rose to 276.2%, reaffirming Argentina's position as having the world's worst inflation. Hanke said that in 1999 he had drafted a law at the request of former President Carlos Menem that would have dollarized Argentina's economy. Advocates of dollarizing Argentina's economy say the switch could help the country tame skyrocketing inflation and bring an end to its boom-and-bust cycle. Ecuador and Panama are two notable examples of countries that have previously dollarized their economies, but no country of Argentina's size has previously shifted to the U.S. dollar.

Persons: Diego Maradona, Tomas Cuesta, Javier Milei, Steve Hanke, Milei, Hanke, CNBC's, Carlos Menem, he'd, Argentina Javier Milei, Donald Trump Organizations: Argentine Central Bank, Getty, Monday, Johns Hopkins University, Argentine Congress, International Monetary Fund, CNBC, U.S . Locations: Buenos Aires, Argentina, London, Ecuador, Panama

☆ Currency market subdued ahead of fresh U.S. economic data
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: +3 min

The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. With the Fed widely expected to hold rates steady at its meeting next week, attention will be on the bank's updated economic projections. The dollar index , which measures the greenback against a basket of six currencies, was mostly flat at 102.77. Sources told Reuters that Japan's central bank will debate ending negative rates next week if big firms' wage talks yield strong results. Elsewhere, the euro was holding steady against the dollar at $1.0949, ahead of remarks by several European Central Bank officials on Thursday.

Persons: Kyle Rodda, Jerome Powell, Sterling, bitcoin Organizations: U.S, Federal Reserve, Fed, U.S ., PPI, Bank, Reuters, European Central Bank Locations: Buenos Aires, Argentina, U.S

☆ ‘World’s coolest’ streets for 2024 named by Time Out
▼ + stars: | 2024-03-13 | by ( Francesca Street | ) edition.cnn.com time to read: +6 min

To produce the 2024 lineup, the global listings guide’s network of editors and writers chipped in to make the case for their favorite streets in their respective cities. High Street’s also great for bar hopping, suggests Time Out, highlighting “intimate and exclusive” rooftop bar Gigi Rooftop and buzzing dance spot Francesca’s Bar. Commerical Drive in Vancouver, Canada is number five on Time Out's list of coolest streets. Rua da Boavista in Lisbon, Portugal is number seven on Time Out's list. High Street, Melbourne2.

Persons: company’s, Leah Glynn, Glynn, ” It’s, Gertrude Street, Melbourne’s omnipresence, ”, Street’s, Marco Finanzio, Gigi, ” Finanzio, “, Ben Mathieson, it’s, ” Matheison, Mathieson, Mo Temple, Kenny Dorham’s, Consell, Rua da, Kathy deWitt, Arnaldo Quintela, Consell de Organizations: CNN, Out, Smith, Casa Nata, CNN Travel, Hollywood, Michelin, East Eleventh, Wine Bar, Rua da Boavista, Bikram, Eleventh Locations: Melbourne, Out Melbourne, Australian, Northcote, Thornbury, Preston, Casa, Francesca’s, Vancouver, Canada, Hong Kong, Mo, Austin , Texas, Barcelona, Spain, Lisbon, Portugal, Bikram Yoga, Guatemala, Buenos Aires, Jalan Petaling, Kuala Lumpur, Tokyo, backstreets, Argentina, Malaysia, Rio de Janeiro, Brazil, Japan

☆ Argentina’s Milei accused of double standards in a scandal over a 48% pay raise
▼ + stars: | 2024-03-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Argentina's President Javier Milei gestures while delivering his first policy speech to parliament during the inauguration of the 142nd ordinary session of Congress in Buenos Aires on March 1, 2024. Argentina's Javier Milei has been accused of hypocrisy for orchestrating a substantial increase in presidential pay while pushing through an austerity package, in a scandal that has rocked the right-wing populist's government. It reflected a 48% increase in presidential pay from January. The libertarian economist, who has often been compared to former U.S. President Donald Trump, sought to defend the pay increase by claiming it was automatically triggered by a decree signed by former President Cristina Fernandez de Kirchner 14 years ago. Opposition lawmakers, however, said the president's own signature was used on a February decree that enabled the pay increase.

Persons: Javier Milei, Argentina's Javier Milei, Milei, Omar Yasin, Donald Trump, Cristina Fernandez de Kirchner, Cristina Kirchner Organizations: 142nd, Argentine Locations: Buenos Aires, Milei

☆ I was a stressed-out, type-A college student. My study abroad experience in Argentina helped me become less anxious.
▼ + stars: | 2024-03-11 | by ( India Amos | ) www.businessinsider.com time to read: +5 min

AdvertisementWhile pursuing a double major in undergrad at a small liberal arts college in Ohio, I was given an incredible opportunity to study abroad in Buenos Aires, Argentina. As a low-income, first-generation college student from West Virginia, this felt like an unparalleled opportunity to see the world. In Argentina, 'busy culture' doesn't existIn the US, many of us are conditioned to stay busy from an early age. During my months in Buenos Aires, almost nothing happened when it was scheduled to occur. As a student in Buenos Aires, I learned I didn't have to tackle my problems with an American perspective.

Persons: —, I've, I'd, we're, I'm Organizations: Service, Business, Buses Locations: undergrad, Ohio, Buenos Aires, Argentina, West Virginia, South America, American

☆ These 8,200-year-old cave paintings are the earliest ever found in South America
▼ + stars: | 2024-03-08 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Neuquen, Argentina Reuters —Archaeologists have discovered the earliest dated cave paintings in South America in Argentine Patagonia, dating back 8,200 years. These proved to be the earliest direct dating of cave paintings in South America,” said Dr. Guadalupe Romero Villanueva, author of the research published in the Science Advances journal. The Argentinean archaeologist said the discovery indicates that the production of cave art began in the Huenul cave about 8,000 years ago and that the practice of painting the particular pattern seen in the cave was sustained for a period of at least 3,000 years. A general view of the Huenul 1 cave where scientists discovered the oldest dated cave art in South America, with nearly 8,200 years old, in Neuquen, Argentina March 3, 2024. Villanueva said there are other places in South America that could have older cave paintings, but which only have relative dating, like Argentina’s Cueva de las Manos, with cave paintings dating back 9,500 years.

Persons: “, ”, Guadalupe Romero Villanueva, Miguel Lo Bianco Miguel Lo Bianco, Romero Villanueva, Villanueva, Cueva, las Organizations: Argentina Reuters —, Argentine, REUTERS, National Council for Scientific, Research, las Manos Locations: Neuquen, Argentina, South America, Argentine Patagonia, Chilean, Buenos Aires, Patagonia

☆ Argentina Photo of Half Naked, Bowed Prisoners Shows Tough-On-Crime Shift
▼ + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

The governor of Santa Fe province, Maximiliano Pullaro, shared details on Tuesday of a recent police search operation in the Pinero prison complex, where several high-profile drug traffickers are housed. She has previously applauded Bukele's approach to drug-related crime and said she was "interested in adapting the Bukele model" to Argentina. "They are going to have it worse and worse," Pullaro wrote on his Instagram social media account, alongside a picture of the prisoners with naked torsos and their heads bowed surrounded by guards in military gear. "Orders come out from the prisons that make life impossible for the people of Santa Fe," the governor added. Santa Fe is home to the strategic grains port city of Rosario, which last year recorded one of the highest homicide rates in Argentina as criminal gangs fight over drug territory.

Persons: Lucinda Elliott, El, Nayib, Maximiliano Pullaro, Pinero, Patricia Bullrich, Bukele's, Pullaro, torsos, El Salvador's Bukele, Bukele, Javier Milei's, Alistair Bell Organizations: Reuters, El Salvador, Argentina's, Legal, Social Studies, Conservative Political, Conference Locations: Argentina, Santa Fe, Maximiliano, Rosario, Buenos Aires, Washington

☆ Get Ready for the Great Trump Diaspora
▼ + stars: | 2024-03-06 | by ( Paul Starobin | ) www.businessinsider.com time to read: +10 min

The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." AdvertisementA second Trump presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. Since 2015, Democrats Abroad, the foreign-based arm of the DNC, has nearly tripled its membership. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America.

Persons: specter, Donald Trump —, Trump, Gallup, George W, Bush's, Barack Obama's, Doris Speer, Speer, —, Roe, Wade —, Martha McDevitt, Pugh, Emily, Francophiles, Ernest Hemingway, James Baldwin —, Nicole Kidman's, MAGA, batty, it's, John Galey, Paul Starobin Organizations: Washington Post, Trump, America, Association of Americans Resident Overseas, dodgers, DNC, Democratic National Committee, Leggett, Italy Facebook, Côte, IRS, Citizens Abroad, Los Angeles Times, New Books Network Locations: Umbria, Italy, Montana, Tuscany, Texas, Tennessee, America, Canada, Washington, Paris, United States, Iraq, Europe, Vietnam, Sedona , Arizona, Portugal, Spain, France, United Kingdom, Norway, Netherlands, Hong Kong, Bangkok, Buenos Aires, Golden, California, MAGA

☆ Dollar eases as Fed clues awaited; bitcoin hits 2-year high
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: +3 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The euro was firm following Friday's 0.33% advance, with a European Central Bank, or ECB, policy decision looming on Thursday. That also weighed on Treasury yields, removing additional support for the dollar, with the benchmark 10-year yield sliding as low as 4.178% for the first time in two weeks.

Persons: Bias, Jerome Powell's, Kazuo Ueda, Hajime Takata, Christine Lagarde's, Bitcoin Organizations: U.S, European Central Bank, Bank of, Treasury, Congress, Westpac, ECB Locations: Buenos Aires, Argentina

☆ Blinken Says New Israeli Settlements in West Bank Are Illegal, Reversing a Trump Policy
▼ + stars: | 2024-02-23 | by ( Edward Wong | ) www.nytimes.com time to read: +1 min

Secretary of State Antony J. Blinken said on Friday that the American government now considers new Israeli settlements in Palestinian territories to be “inconsistent with international law,” reversing a policy set under the Trump administration and returning to a decades-long U.S. position. Mr. Blinken spoke at a news conference in Buenos Aires, after Israel’s finance minister, Bezalel Smotrich, made an announcement on Thursday indicating thousands of new residences would be added to settlements. “It’s been longstanding U.S. policy under Republican and Democratic administrations alike that new settlements are counterproductive to reaching enduring peace,” he said. And in our judgment, this only weakens — it doesn’t strengthen — Israel’s security.”Mr. Blinken was in Argentina for meetings with the recently elected president, Javier Milei, and the foreign minister, Diana Mondino. State Department officials declined to say what actions, if any, the United States might take to hold Israeli settlers or the government legally accountable for the building of new settlements.

Persons: Antony J, Blinken, Trump, Bezalel Smotrich, ”, “ It’s, “, Mr, Javier Milei, Diana Mondino, John F, Kirby Organizations: Republican, Democratic, State Locations: Buenos Aires, U.S, Argentina, Washington, United States

☆ I spent 22 days in a 212-square-foot cabin on the Holland America Oosterdam. Take a look inside.
▼ + stars: | 2024-02-23 | by ( Erin Yarnall | ) www.businessinsider.com time to read: +1 min

My grandma, cousin, and I went on a 22-day cruise on Holland America's Oosterdam. We stayed in a 212-square-foot stateroom for $3,175 per person, or $144 a day. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMy grandma, cousin, and I went on a 22-day cruise on Holland America's Oosterdam ship. Take a look inside.

Persons: Oosterdam, — Organizations: Service Locations: Holland, Buenos Aires, Chile, Santiago

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