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Can Argentina really move from the peso to the dollar?
  + stars: | 2023-11-20 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +7 min
2 economy and ditch its peso currency in favor of the US dollar. Milei must tackle inflation above 140%, a shortfall in foreign currency reserves and the prospect of another painful recession. Argentina’s financial markets are closed Monday for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. Bruno Gennari, Argentina expert at fixed income broker dealer KNG Securities, said the peso was trading at $1,009 versus the dollar on crypto exchanges Monday, considerably weaker than the $869 and $975 rates seen on Friday. Dollarization means Argentina would give up the peso and use the US dollar as its currency, effectively wresting control of monetary policy from the country’s central bank and handing it to the US Federal Reserve.
Persons: London CNN — Javier Milei, Sergio Massa, Milei, ” —, , ” Milei, , , Bruno Gennari, Javier Milei, Natacha, dollarization, ” William Jackson, “ It’s, Thierry Larose, ” Larose, Kristalina Georgieva, Jackson, — Valentina Gonzalez, Stefano Pozzebon, Olesya Dmitracova Organizations: London CNN, Libertad Avanza, Peronist, , ” Financial, Argentine, State, Banco, Grupo Financiero Galicia, KNG Securities, US Federal Reserve, AP, Capital Economics, Vontobel, Management, CNN, Monetary Fund, Bank, IMF, Reuters Locations: Argentina, New York, Brazil, Mexico, Dollarization, Argentina’s, Zurich, dollarization, Washington, DC, Argentine
CNN —Taylor Swift winked at her romance with Kansas City Chiefs’ tight end Travis Kelce during her “Eras Tour” concert in Buenos Aires, Argentina on Saturday when she changed the lyrics to a line in her hit song “Karma,” and Kelce was in the audience to catch it. The two-time Super Bowl champ immediately smiled when he heard the “Anti-Hero” singer’s twist on her final song of the night, covering his face with his hands while the crowd cheered. Another video posted to X caught Swift sealing the concert with a kiss when she ran up to greet Kelce at the side of the stage after the show. Taylor Swift performing the 'Eras Tour' in Buenos Aires, Argentina on Thursday. Natacha Pisarenko/APIn July, Kelce admitted on his podcast, “New Heights with Jason and Travis Kelce,” that he tried to slip his phone number to Swift during one of her “Eras Tour” concerts via a friendship bracelet he made for her, sparking speculation about the pair’s romantic potential.
Persons: CNN — Taylor Swift, Travis Kelce, Kelce, Swift, “ Karma, , Scott Swift, Taylor Swift, Natacha, Jason Organizations: CNN, Kansas City Chiefs, Chiefs, “ Chiefs, Bowl Locations: Buenos Aires, Argentina
For years, Argentinians have preferred to pay for many goods and services in greenbacks, rather than with their own collapsing currency, as part of an informal “blue dollar” currency market. To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s. Practical headacheThere’s another significant snag in Milei’s plan: Argentina doesn’t have enough dollars to ditch the peso. “People would need to take wheelbarrows of cash to convert to dollars,” Sabatini said.
Persons: Javier Milei, Sergio Massa, Argentina’s, JP Morgan, Argentinians, Milei, Natacha, Matias Baglietto, Reuters “ That’s, ” Christopher Sabatini, Kimberley Sperrfechter, ” Sperrfechter, It’s, ” Sabatini, Luis Robayo, Sabatini, Organizations: London CNN, National Institute of Statistics, Argentina’s, US Federal Reserve, Economic, Reuters, America, Chatham House, CNN, Capital Economics, International Monetary Fund, Getty, IMF Locations: Argentina, greenbacks, Washington, El Salvador, Panama, Ecuador, United States, Buenos Aires, AFP
Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. Tim Clayton/Corbis/Getty Images Biles poses after winning a gold medal at the 2013 World Championships. Dean Mouhtaropoulos/Getty Images Biles dodges a bee flying near her during the medal ceremony at the 2014 World Championships. Daniel Dunn/Icon Sportswire via Getty Images Biles competes on the uneven bars during the 2018 World Championships. And by competing in Antwerp, Biles became the first woman to represent the US at six artistic world championships.
Persons: CNN — Simone Biles, , Simone Biles, Laurence Griffiths, Ron, Biles, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, Skye Blakey, Shilese Jones, Joscelyn Roberson, Leanne Wong, Matthias Hangst Organizations: CNN, Biles, Houston Chronicle, The New York Times, US, Getty, Reuters, NBC, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Tokyo, Los Angeles Times, USA Gymnastics, CBS, BBC Locations: Antwerp, Belgium, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles
Antarctica was once a pristine preserve, but humans are ruining it. And this past winter, the frozen continent reached record-low sea ice levels. USGS"This region is nearing a threshold of rapid landscape change," researchers noted in 2017. Pauline Askin/ReutersAnd depending on the location, that ice melt could turn up some pretty nasty stuff. What's even more worrisome is that "human impacts are disproportionately concentrated on the most environmentally significant areas of Antarctica," the researchers noted.
Persons: It's, Emma MacKie, Eric Rignot, MacKie, Pauline Askin, huskies — that's, Sharon Robinson, Auscape, Logan Pallin, Wolfgang Kaehler, Rignot Organizations: Service, University of Florida, University of California, NASA, Reuters, huskies, University of Wollongong, ABC News, Tourists, University of Colorado Boulder, British Atlantic Survey, University of San Locations: Antarctica, Irvine, Beaufort, Antarctica's Ross, Australia, Antarctica ., Santa Cruz, Georgia, University of San Francisco
The 26-year-old has another opportunity to add to her medal collection over the next week at the 2023 World Artistic Gymnastics Championships in Antwerp, Belgium. Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. Dean Mouhtaropoulos/Getty Images Biles dodges a bee flying near her during the medal ceremony at the 2014 World Championships. I’m just going to come back another day, another day.’”In qualifying for the world championships, she became the only US woman to qualify for six world championships, her first being in 2013 – an event that was also held in Antwerp. Biles is already the most decorated gymnast in US history, winning 32 medals across the Olympics and the world championships.
Persons: Simone Biles, Biles, Laurence Griffiths, Ron, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, I’m, ” Biles, Olympics.com, , , Yves Logghe Organizations: CNN, Tokyo, NBC, BBC, Houston Chronicle, The New York Times, US, Getty, Reuters, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Los Angeles Times, USA Gymnastics, CBS, Tokyo Olympics, AP, Games, Olympic Committees Locations: Antwerp, Belgium, Paris, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles, San Jose , California, China, Japan, Great Britain, Canada
Argentina’s annual inflation rate rose to 124.4%, according to figures released by the government’s INDEC statistics agency Wednesday. “It’s the number that summarizes the tragedy left by Massa,” Patricia Bullrich, the presidential candidate for the main opposition coalition, wrote on social media after the inflation number was released. Political Cartoons View All 1157 ImagesRecent polls show Milei leading ahead of general elections on Oct. 22 with Massa in second place and Bullrich third. The high inflation rate is in large part a product of the government's devaluation of the local currency, the peso, by nearly 20% following the Aug. 13 primaries. Ponti said the sharp rise in prices had to do with a confluence of factors including the way that beef prices had largely remained frozen for months despite the inflationary economy.
Persons: Donald Trump, Sergio Massa, Javier Milei, , ” Patricia Bullrich, Massa, , Martín Kalos, That’s, Diego Ponti, Ponti, Suchowieski, Milei, Juan Pedro Aquino, “ Massa, ” Kalos, Natacha Pisarenko Organizations: , Massa, Epyca, , AZGroup, Milei, U.S Locations: BUENOS AIRES, Argentina, La Plata, Buenos Aires
Coverage of the US Gymnastics Championships will be domestically broadcast on NBC and Peacock while international viewers can watch the event on the USA Gymnastics YouTube channel. Simone Biles competes in the floor exercise during the World Championships in 2019. Smiley N. Pool/Houston Chronicle/Getty Images Biles competes on the balance beam during the US National Gymnastics Championships in August 2013. The world gymnastics championships are then scheduled to take place between September 30 and October 8 in Antwerp, Belgium. Biles is the most decorated gymnast in US history, winning 32 medals across the Olympics and the world championships.
Persons: CNN — Simone Biles, she’s, Biles, , Alfred Jochim, Peacock, Simone Biles, Laurence Griffiths, Ron, Smiley, Tim Clayton, Corbis, Dean Mouhtaropoulos, Lintao Zhang, Nellie, Adria, Leslye Davis, Gabby Douglas, Douglas, Donald Miralle, Ezra Shaw, Damir Sagolj, Reuters Biles, Kai Pfaffenbach, Laurie Hernandez, Madison Kocian, Aly Raisman, David Ramos, Emmanuel Dunand, Jimmy Fallon, Donald Glover, Andrew Lipovsky, Michael Phelps, Raisman, Olivia Munn, Trae Patton, Michelle Obama, Barack Obama, Alex Wong, Bob Levey, Sasha Farber, Eric McCandless, Daniel Dunn, Ulrik Pedersen, NurPhoto, Lionel Bonaventure, Emilee Chinn, Natacha, Cecile Canqueteau, Landi, Shannon Miller, Robert Gauthier, McKayla Maroney, Maggie Nichols, Larry Nassar, Saul Loeb, Joe Biden, Biden, James Corden, Pete Buttigieg, Terence Patrick, Stacy Revere, Jon Durr, , Organizations: CNN, US, NBC, USA, YouTube, Houston Chronicle, The New York Times, Getty, Reuters, White House, Disney, Entertainment, Walt Disney Television, Houston Texans, GK, Tokyo, Los Angeles Times, USA Gymnastics, CBS, Network, Tokyo Games, Olympic Games, Olympics Locations: San Jose , California, Houston, Spring , Texas, Rio de Janeiro, AFP, Tokyo, American, Biles, Antwerp, Belgium
Neighboring Chile, the region's top lithium producer, last week unveiled plans for a state-led public-private model, spooking investors. Bolivia has long maintained strict control over its huge though largely untapped resources, while Mexico nationalized its lithium deposits last year. The country has six lithium projects under construction and 15 in the advanced exploration or feasibility stage, Mignacco said. "Argentina's lithium sector has thrived through a decentralized, pro-market strategy," said Benjamin Gedan, director of the Latin America program at The Wilson Center, adding in contrast Bolivia's lithium sector had "repeatedly stalled as a result of excessive state control." "Chile today produces and exports much more lithium than Argentina," said Natacha Izquierdo, analyst at consultancy ABCEB.
The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.
CNN —Goalkeeper Dominik Livaković made himself a national hero as Croatia beat Japan on penalties 1-1 (3-1) to reach the World Cup quarterfinals. Marko Djurica/ReutersJapan’s heartbreakDespite its defeat, Japan can look back at an impressive World Cup campaign. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Mbappé was one of the leading stars of the team's World Cup triumph four years ago. He also became just the third goalkeeper to save three penalties in a single World Cup shootout.
CNN —France was made to work hard for its place in the World Cup quarterfinals, overcoming an improved Poland side 3-1 thanks to goals from Olivier Giroud and Kylian Mbappé. That is Mbappé’s fifth goal of Qatar 2022 and already his ninth World Cup goal overall, breaking Pelé’s record of seven World Cup goals scored before the age of 24. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Issei Kato/Reuters Kylian Mbappé scores his second goal on November 26, leading France to a 2-1 victory over Denmark. Mbappé was one of the leading stars of the team's World Cup triumph four years ago.
CNN —In a World Cup of surprises, Japan has played a leading role in headline-making shock results. Croatia is a team undefeated in nine of its last 10 World Cup matches. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament.
The Netherlands knocked the USMNT out of the Qatar World Cup on Saturday. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Qatar is the first Islamic country to host a World Cup.
CNN —Lionel Messi had a penalty saved but Argentina booked its ticket to the knockout phase of the 2022 World Cup with a 2-0 victory over Poland. The opener came after Messi, Argentina’s all-time top goalscorer, had his penalty saved by Poland goalkeeper Wojciech Szczęsny. Álvarez’s sublime finish midway through the second half capped off a nail-biting evening for Argentina, who will now face Australia. Poland advanced to the knockout stages by the skin of its teeth, qualifying on goal difference. While the Polish attack offered very little throughout the game, Argentina cranked up the pressure – and both Messi and left-back Marcos Acuña coming close.
Founded in 2017, the Latin American Movement of Mothers of LGTB+ Children lobbies governments to eliminate prejudical laws and better enforce existing bans on violence and discrimination. Members of the Latin American Movement of Mothers of LGTB+ Children during a march in Buenos Aires, Argentina, on Nov. 5. The Latin American Movement of Mothers of LGTB+ Children held its first in-person meeting in early November in Buenos Aires, where they attended the annual massive gay pride march on Nov. 5. In some countries, mothers who try to help their children deal with discrimination suddenly find themselves the subject of scrutiny. Delfín said that she is one of two mothers in Santa Cruz who are activists fighting for their LGBTQ children.
Gareth Bale saves Wales to frustrate USMNT
  + stars: | 2022-11-21 | by ( Ben Church | ) edition.cnn.com   time to read: +9 min
Matthew Ashton/AMA/Getty Images Walker Zimmerman fouls Wales' Gareth Bale in the box, conceding a second-half penalty that Bale would convert to tie the match at 1-1. Pedro Nunes/Reuters US fans stand for the national anthem prior to the Wales match. Stu Forster/Getty Images Wales' Neco Williams tries to fend off Weston McKennie on Monday. Francisco Seco/AP A family watches the opening match from their home in Doha. But just as all hope looked to have disappeared for Wales, Bale was clumsily brought down by Walker Zimmerman in the US box.
Paris, France CNN —A subsidiary of French construction firm Vinci was placed under formal investigation Wednesday over allegations of abusive working conditions on building sites in Qatar linked to the 2022 FIFA World Cup, a spokeswoman with the Nanterre prosecutor’s office told CNN Thursday. “There are a lot more elements, so the judge decided there’s now enough for an investigation into Vinci,” Sherpa’s lawyer, Ingrid Metton, told CNN Thursday. “I am thrilled with this decision … it would have been very wrong for this World Cup to go ahead without pushing this investigation forward,” Metton added. Sherpa said it collected testimonies in 2014 about the working conditions on some of the construction sites linked to the World Cup and operated by Vinci’s Qatari subsidiary. Qatar will host the World Cup from November 20 until December 18.
One in two trains were canceled on some suburban rail lines in Paris and Eurostar canceled four services between the French and British capitals on Tuesday and Wednesday, blaming strike action. French unions called for a nationwide strike on Tuesday, expanding a weeks-long refineries strike that has caused fuel shortages and miles-long lines at gas stations. “There will be as many ordered back to work as necessary,” to respond to the needs of French people, Veran told France 2 television. He criticized ongoing blockades at refineries by French union CGT, given that a majority of workers had now agreed to wage deals with ExxonMobil and TotalEnergies. While ExxonMobil workers agreed to end their blockade of the Fos-sur-Mer refinery and depot in southern France late last week following salary negotiations, strikes continue at TotalEnergies refineries.
Paris CNN Business —French President Emmanuel Macron called a crisis meeting with senior ministers on Monday to address crippling strikes at gas refineries that has caused fuel pumps to run dry. Elsewhere, nearly one third of gas stations have run out of at least one fuel, with the situation expected to worsen this week, according to French Prime Minister Elisabeth Borne. But French Finance Minister Bruno Le Maire said the strikes were “unacceptable and illegitimate,” because wage agreements had been met with the majority of workers. Transportation minister Clement Beaune told France Inter that the only way out of the crisis is an end to strikes. On Sunday, thousands marched through central Paris to protest the crisis and “climate inaction.”
Under French law, workers who ignore such an order could face a €10,000 ($9,700) fine or six months imprisonment. The rarely used measure can be imposed by the government when the country’s national security is at risk because of strike action. Striking workers have blockaded ExxonMobil and TotalEnergies (TOT) refineries for several weeks, disrupting supply to thousands of gas stations. Nearly one in three gas stations reported difficulties with supplies on Monday, according to France’s energy minister Agnes Pannier-Runacher. CNN affiliate BFMTV reported miles-long tailbacks at gas stations, with drivers at one site on the edge of Paris queuing for nearly two miles earlier this week.
Notably, Paris says it will not organize fan zones for the FIFA World Cup in Qatar, citing social and environmental issues. “Paris Saint-Germain’s matches in the Parc des Princes have become a must-see event for a great many foreign visitors.”France is looking to retain the World Cup after winning the competition in 2018. James Williamson/Getty ImagesParis joins Strasbourg, Lille, Rodez, Bordeaux, Nancy and Reims in committing to not organizing public viewings. “I repeat that this is not the trial of Qatar, we are questioning the model of this event,” insisted Rabadan. Qatar World Cup officials estimate a very different death toll, telling CNN last year that there have been just three work-related deaths on stadiums and 35 non-work-related deaths.
US parents received $250 monthly child tax credit payments from July to December 2021 under Biden's Build Back Better Act. Insider spoke with eight families around the US about how life has changed with the loss of monthly payments. Previously, parents received an annual child tax credit of $2,000 per child in one lump sum with their tax refunds. Under President Biden's Build Back Better Act, the child tax credit was raised to $3,600 per child, depending on the child's age, split up into monthly payments. Insider spoke with eight parents whose lives were directly affected by the loss of monthly child tax credit payments, also known as CTC payments.
Aproape 200 de camioane au trecut prin tunelul de sub Canalul Mânecii "fără nicio problemă" în noaptea de joi spre vineri după ce Marea Britanie a ieşit din piaţa unică europeană şi au fost restabilite formalităţile vamale, a indicat grupul Getlink care exploatează tunelul, citat vineri de France Presse. "Traficul a fost suficient de intens pentru o noapte excepţională şi istorică, totul a decurs bine", a declarat un purtător de cuvânt al grupului. "Toate camioanele au îndeplinit formalităţile" impuse acum de Brexit, "nu au avut loc respingeri de camioane", a precizat el.În partea franceză, noile formalităţi au intrat în vigoare la miezul nopţii, odată cu sosirea la "pit stop" - punct de control pentru camioanele ce pleacă în Regatul Unit - a unui prim vehicul greu de marfă din România, transportând corespondenţă şi colete.Pe lângă controalele obişnuite de siguranţă şi securitate, agenţii au scanat plăcuţa de înmatriculare în faţa presei. "Sunt foarte fericit, este un privilegiu pentru mine", a declarat şoferul vehiculului, Toma Moise, în vârstă de 62 de ani, înainte ca primarul portului francez Calais, Natacha Bouchart, să apese simbolic butonul care îi autoriza plecarea. În medie, 60.000 de pasageri şi 12.000 de camioane le tranzitează cotidian, scrie agerpres.ro.
Persons: Toma Moise Organizations: France, Uniunea Europeană Locations: Mânecii, Regatul Unit, România, francez Calais, Natacha, Calais, Dunkerque
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