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BUENOS AIRES, Argentina (AP) — An Argentine court on Tuesday overturned labor rules proposed by President Javier Milei that would make it easier to fire workers, in a new blow to the leader's efforts to shake up regulations that he says have hampered the country's struggling economy. The appeals court already temporarily suspended the incoming president's new regulations in early January after a legal challenge brought by the main union group, the General Labor Confederation. Milei's administration did not immediately say whether it would do so. Milei in December announced a decree that would make several changes to labor rules, like increasing job probation from three to eight months, reducing severance compensation and allowing the dismissal of workers who take part in blockades during protests. Last week, the president faced a one-day general strike, organized by the biggest union, but some government officials downplayed the effects of the protest.

Persons: —, Javier Milei, Milei Organizations: General Labor Confederation, Congress Locations: BUENOS AIRES, Argentina, Argentine, Buenos Aires

It has been six weeks since President Javier Milei took office in Argentina, and since then, gas prices have doubled, inflation has soared and the value of the national currency has plummeted. Such turmoil, he had warned, should be expected. Yet on Wednesday, many Argentines plan to take to the streets to show they have already had enough. Argentina’s largest labor unions plan a nationwide strike — including workers in transportation, construction, health care, food services, energy and banking — to protest Mr. Milei’s planned overhauls, arguing they would weaken protections for workers and the poor. Pablo Moyano, a union leader, told reporters that Mr. Milei “is crapping on Congress and crapping on workers.” Mr. Milei has shot back that the protest shows “there are two Argentinas” — one stuck in the past and another that “puts us on the path to be a developed country.”

Persons: Javier Milei, Milei’s, Pablo Moyano, Milei, Mr, “, ” Locations: Argentina

CNN —Argentina’s labor unions began a nationwide general strike on Wednesday against austerity measures and reforms by the country’s libertarian President Javier Milei. Thousands of people marched toward Congress in the capital of Buenos Aires on Wednesday amid the strike, which began at 10 a.m. “This is not the Argentina that I want for my grandchildren or for the future of Argentina. The strike has led to transport disruptions with flag carrier Aerolíneas Argentinas saying that it canceled all its operations on Wednesday. He famously brandished a chainsaw at several of his rallies as an illustration of his plans to slash public spending.

Persons: Javier Milei, Milei, ”, Español Organizations: CNN, of Labor, CGT, Milei, Ministry, Security Locations: Buenos Aires, Argentina

☆ Will the Boom in Luxury and Wellness Travel Fizzle?
▼ + stars: | 2024-01-18 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

After the travel frenzy of 2023, all signs point to increasing interest in far-flung destinations, villa rentals, private jet bookings and personal pilgrimages in 2024. “The lust for luxury is real,” said Jack Ezon, the founder of the high-end travel agency Embark Beyond. “Travel provides the glue that pulls the family close together and unites it around a shared passion,” said Tom Marchant, a co-founder of Black Tomato, which plans pricey bespoke trips. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies. Black Tomato is planning private group treks to untrammeled destinations like the Mitre Peninsula in Argentina’s Patagonia region, priced at more than $60,000 per person.

Persons: ”, Jack Ezon, Tom Marchant Organizations: Consumers, “ Locations: Kimberley, Western Australia, Mitre, Patagonia

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ ‘The Western world is in danger’: Argentina’s Milei, a self-described ‘anarcho-capitalist,’ urges Davos elite to reject socialism
▼ + stars: | 2024-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Argentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. "Today, I'm here to tell you that the Western world is in danger," Milei said in a special address at the World Economic Forum in Davos, Switzerland, according to a translation. "Rebuilding Trust" is the overarching theme of the annual WEF meeting. WEF founder Klaus Schwab introduced Milei to the stage in Davos by saying his "more radical methods" had "introduced a new spirit to Argentina." "The main leaders of the Western world have abandoned the model of freedom for different versions of what we call collectivism.

Persons: Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Milei, Donald Trump, WEF, Klaus Schwab Organizations: Economic, Getty, Reuters Locations: Davos, AFP, Switzerland, Swiss, Argentina

☆ Argentina’s Milei tells Davos ‘heroes’ how it should be done
▼ + stars: | 2024-01-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

“The Argentine economy is in such bad shape that it has to be shaken up. President Milei and his team are doing exactly that,” she said during an interview in Davos. He has also devalued Argentina’s currency. However, some of Milei’s measures, such as the devaluation, are also likely to stabilize Argentina’s economy in the medium term, Sperrfechter said. Among his most radical plans, Milei has pledged to ditch the peso as Argentina’s official currency and replace it with the US dollar.

Persons: London CNN —, ” “, ” Javier Milei, ”, Milei, Juan Peron, Kristalina Georgieva, CNN’s Richard Quest Wednedsay, Milei’s, Kimberley Sperrfechter, Sperrfechter, It’s Organizations: London CNN, Economic, Council, Foreign Relations, Reuters, International Monetary Fund, IMF, Argentine, Capital Economics, CNN, “, US Federal Reserve Locations: Davos, Switzerland, Argentina, Argentine, US, “ Argentina

☆ Novak Djokovic struggles past home favorite Alexei Popyrin to reach Australian Open third round
▼ + stars: | 2024-01-17 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —It wasn’t pretty, but Novak Djokovic booked his spot in the 2024 Australian Open third round on Wednesday, beating Australian home favorite Alexei Popyrin in four sets 6-3 4-6 7-6(4) 6-3 in a hard-fought affair. 1 seed was able to race away during the second half of the match to continue his run for a record-extending 11th Australian Open men’s title. He deserves a big round of applause.”During his opening two matches at the Australian Open in Melbourne, Djokovic hasn’t played at the imperious levels we’ve come to expect from him. He dropped a set in his opening round match against Dino Prižmić and he struggled for consistency against Popyrin. “She has a big game, big serve, big shots, very athletic.

Persons: Novak Djokovic, Alexei Popyrin, Djokovic, “, Djokovic hasn’t, Dino Prižmić, Popyrin, Lillian Suwanrumpha, Ravi Ubha, haven’t, I’m, I’ll, Gauff, Coco Gauff, Caroline Dolehide, Leylah Fernandez, Issei Kato, ” Gauff, Sloane, Stephens, Maria, Sakkari, ” Organizations: CNN, Popyrin, Parks, Dolehide, Reuters Locations: Melbourne, AFP, Delray Beach

☆ FIFA Best Awards: Lionel Messi, Aitana Bonmatí, a green carpet and a mini tuxedo. Step inside the surreal world
▼ + stars: | 2024-01-16 | by ( Matias Grez | Ben Church | ) edition.cnn.com time to read: +8 min

The Spaniard went on to be crowned the Best Men’s Coach after guiding City to the treble last season. That is not normal – for anything in history.”Manchester City Pep Guardiola poses with the trophy after being named the best men's coach in 2023. Later, shortlists were determined by two separate panels of experts in men’s and women’s football. Players past and present were in attendance, including the likes of Brazilian great Ronaldo and the newly crowned Women’s Best Player, Aitana Bonmatí. I’m very happy about how women’s football has evolved in Brazil and in the world.

Persons: CNN —, Pep Guardiola, Romina Polenta, Polenta, Lionel Messi, Kylian Mbappé, Erling Haaland, “, Messi, ” Polenta, Manchester City Pep Guardiola, Michael Regan, Johanne Perraud, “ Kiki, ”, Perraud didn’t, murmurs, shortlists, Ronaldo, Aitana Bonmatí, Oussama Nacer, I’ve, Nacer, Thierry Henry, ” Johanne Perraud, Romina, Matias Grez, Spain’s Jennifer Hermoso, Luis Rubiales, Rubiales, Hermoso, Sarina Wiegman, Marta, “ There’ll, I’m, It’s, Hugo Íñiguez, Íñiguez’s, Íñiguez Organizations: CNN, FIFA, Manchester City, Spaniard, CNN Sport, Qatar, Inter Miami, MLS, Nacer, Royal Spanish Football Federation, Argentine, Colón, Salta Rodríguez Locations: London, Argentina, Qatar, Buenos Aires, France, men’s, Spain, Brazil, Salta

☆ Andy Murray says it’s a ‘definite possibility’ he’s played final Australian Open match after straight-set first-round loss
▼ + stars: | 2024-01-15 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Andy Murray says there is a definite possibility he has played his final Australian Open match after a straight-set defeat in the first round of this year’s tournament. Just disappointed with the way I played and all of that stuff.”Murray (right) and Etcheverry shake hands after the Argentinan beat Murray at the Australian Open. Andy Wong/APMurray is a five-time finalist at the Australian Open and is a three-time grand slam winner. Murray plays a backhand return to Etcheverry during their first round match at the Australian Open. “They are very good servers.”21-year-old US tennis sensation Ben Shelton also advanced to the second round of the Australian Open on Monday, beating Roberto Bautista Agut in straight sets.

Persons: Andy Murray, Murray, Etcheverry, pensive, “, ”, you’re, ’, Wish, ” Murray, Andy Wong, Murray’s, It’s, that’s, Scot, AP Medvedev, Tsitsipas, Shelton, Daniil Medvedev, Terence Atmane, Frenchman, Medvedev, Atmane, Stefanos Tsitsipas, Zizou Bergs, I’ve, ” Tsitsipas, Sinner, Alexander Zverev, Ben Shelton, Roberto Bautista Agut Organizations: CNN, Australian, AP, cramping

Pope Francis said Sunday that if he can, he'll visit his native Argentina in the latter part of 2024, a trip that would see him there for the first time in his nearly 11-year-old papacy and while his fellow Argentines are suffering economically. Francis hasn't been back to his homeland since he was elected pope in 2013. Political Cartoons View All 253 ImagesFrancis has long been dogged by questions about why he hasn't gone home since he became pope. The pope, who had a long conversation with Milei after he won, has indicated he has forgiven him for the campaign rhetoric. “I'd like to go,'' the pope added, making a reference to the ”10 years" since he has been away.

Persons: Pope Francis, he'll, Francis hasn't, Francis, ”, Javier Milei, hasn't, Milei, “ Organizations: Sunday, Argentine Locations: Argentina, Italian, Polynesia, Argentine

Money managers’ net short in CBOT wheat futures and options rose to a 23-week high of 108,176 futures and options contracts as of Nov. 21 versus 89,271 a week earlier. That is funds’ most bearish corn stance since June 2020. wheat futures and optionsFunds’ Minneapolis wheat views remain near record-bearish, though they were slight net buyers in the week ended Nov. 21. On Monday, CBOT corn and all U.S. hard and soft wheat futures hit contract lows during trading, including the lowest price for most-active corn since December 2020. Open interest in CBOT soybean meal futures and options surged 4% during the week to another record of 671,039 contracts.

Persons: soyoil, Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, Reuters, Thomson Locations: NAPERVILLE , Illinois, South America, Chicago, Kansas City, Minneapolis, K.C, U.S, Brazil

WASHINGTON (AP) — Argentina's right-wing President-elect Javier Milei will meet with President Joe Biden's national security adviser on Tuesday in Washington, according to the White House. National Security Council spokesman John Kirby told reporters on Monday that Milei will meet with White House national security adviser Jake Sullivan and other administration officials. The Treasury Department said in a statement that Milei's economic policy advisers will also meet with senior Treasury Officials on Tuesday. That meeting is expected to focus on the incoming Milei administration's economic policy priorities. Argentina’s president-elect has said he wants to move Argentina’s embassy in Israel from Tel Aviv to Jerusalem, emulating a move made by Trump.

Persons: —, Javier Milei, Joe Biden's, John Kirby, Milei, Jake Sullivan, Biden, Rosalynn Carter, ” Kirby, Donald Trump, Trump, ” Milei, Menachem Mendel Schneerson, Schneerson, he’s, hasn’t, “, Israel, ” ___ Politi, Fatima Hussein, Chris Megerian Organizations: WASHINGTON, House . National Security, White House, Milei, Treasury Department, International Monetary Fund, Lubavitch, Catholic, Israel, Trump, Associated Press Locations: Washington, Georgia, Colorado, Argentina, United States, New York City, Kirby, New York, Queens, Israel, Tel Aviv, Jerusalem, Buenos Aires

☆ Novak Djokovic suffers two defeats in same day as Italy beats Serbia in Davis Cup semifinals
▼ + stars: | 2023-11-26 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

That he lost one of his matches after having three match points was incredulous, given there is no one more adept at closing out a match than the world No.1. He was beaten in both the singles and doubles in Malaga, Spain as Italy beat Serbia 2-1 to set up a Davis Cup final against Australia on Sunday. “Obviously playing doubles in the decider of a Davis Cup tie is not easy. It was the Serb’s first singles defeat in the Davis Cup since 2011, when he was forced to retire injured against Argentina’s Juan Martin del Potro. “For me personally it’s a huge disappointment, because I take the responsibility, obviously having three match points, being so close to winning it,” said Djokovic, per the Davis Cup website.

Persons: Novak, Jannik Sinner, Djokovic, Sinner, Miomir Kecmanovic, Lorenzo Sonego, Sinner wasn’t, Jannik, Novak Djokovic, Clive Brunskill, “, ” Djokovic, Argentina’s Juan Martin del Potro, ”, Davis Organizations: CNN, Serbian, Serbia, Davis, Australia, Italy, Djokovic, ATP, Reuters Locations: Malaga, Spain, Italy, Serbia

☆ Argentina’s market rallied sharply on a historic election. How investors can play it
▼ + stars: | 2023-11-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Argentina last week held a historic election in which libertarian candidate Javier Milei came out victorious, sending the country's stock market surging. The Merval , Argentina's stock market benchmark, rallied 42% for the week. The trade Trading in Argentine stocks has historically been a volatile endeavor. That said, there are ways for investors in the U.S. to get exposure to the Argentine market if they think stocks can rise during Milei's presidency. Other U.S.-listed Argentine stocks include oil name YPF — which surged nearly 57% last week — and Banco BBVA Argentina , which is up 34% in 2023.

Persons: Javier Milei, Milei, Diego Pereira, –, Jorge Morgenstern, GlobalX Organizations: JPMorgan, Senate, HSBC, Argentine, Banco BBVA Argentina Locations: Argentina, Argentine, U.S, . U.S

☆ Fact Check: Post endorsing Trump is not by Javier Milei’s official account
▼ + stars: | 2023-11-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A message endorsing former U.S. President Donald Trump for the 2024 elections was posted by an account in support of Javier Milei, not by the official account of Argentina’s president-elect. Some users (archived) on Facebook (archived) have shared the message as if it were authentically posted by Milei himself. The bio indicates it is an account in support of Milei. Milei’s press office said in a statement on Nov. 23 that Trump will visit Buenos Aires and meet with Milei following a call between them. The message endorsing Trump was posted by an account in support of Milei, not by Milei’s official account.

Persons: Donald Trump, Javier Milei, Sergio Massa, Milei, Trump, Read Organizations: Facebook, Reuters, Trump, Thomson Locations: Buenos Aires

Marcelo Capobianco was inspecting the calf carcass he had just hung from a hook in his small butcher shop outside Buenos Aires on Tuesday when he admitted that the premium-grade beef would hardly earn him anything. That’s because since his preferred candidate, Javier Milei, won Argentina’s presidency two days earlier, the cost of the meat had jumped by five percent, while the street value of the Argentine peso had fallen by 12 percent, hurting his customers’ purchasing power. Mr. Capobianco said that he had already raised prices so many times in recent months, he was reluctant to again pass the costs on to customers. “It’s already proving difficult to sell at these prices,” he said. Across his shop were signs of the spiraling economic crisis and 140 percent inflation that has convulsed Argentina and catapulted Mr. Milei, a self-described “anarcho-capitalist” libertarian who wants to replace the peso with the U.S. dollar, to Argentina’s highest office.

Persons: Marcelo Capobianco, Javier Milei, Capobianco, “ It’s, ”, Milei Organizations: Argentine, U.S . Locations: Buenos Aires, Argentina

Labor union leaders said Thursday they are paying close attention to what the libertarian president-elect says and what they are hearing is in opposition to their interests. “In the moment they move forward with reforms related to labor rights, both individual and collective, and when the labor organizations affected by these adjustments request it, the CGT will take a stance,” Dear said. “We expect absolutely nothing from Javier Milei.”Catalano was one of the representatives of labor unions and social organizations who joined the Mothers of Plaza de Mayo in their weekly march in downtown Buenos Aires Thursday. There’s also concern among human rights organizations about a potential setback in policies that allowed for the prosecution of perpetrators of crimes against humanity during the dictatorship. Leaders of leftist social organizations also held a meeting Thursday to discuss their response to Milei’s policies and “a plan for struggle against austerity” that will involve street protests.

Persons: Javier Milei, ” Héctor, Pablo Biró, Milei, ”, ” Daniel Catalano, ” Catalano, There’s, “ it’s, Nicolás Saldías, ” Sadias, —, Débora Rey Organizations: Labor, Confederation, Airline Pilots Association, Aerolineas Argentinas, Milei, State Workers ’ Association, de Mayo, Economist Intelligence, Latin, Associated Press Locations: BUENOS AIRES, Argentina, “, Buenos Aires, Latin America, Caribbean, ” Argentina

BUENOS AIRES, Argentina (AP) — Former President Donald Trump has told Argentina’s President-elect Javier Milei that he plans to travel to the South American country so the two can meet, Milei's office said Thursday. The office did not give a date for when Trump intends to be in Buenos Aires. The inauguration of Milei, a right-wing populist who has expressed admiration for Trump, is scheduled for Dec. 10. You will turn your country around and truly make Argentina great again,” Trump said in a video published on social media Tuesday. Milei has often been compared to Trump, whom he praised in an interview with former Fox News host Tucker Carlson earlier this year.

Persons: Donald Trump, Argentina’s, Javier Milei, Trump, “, Luis Majul, Jair Bolsonaro, Eduardo Bolsonaro, ” Milei, ” Trump, Milei, Tucker Carlson, Joe Biden, Biden Organizations: Trump, GOP, Fox News Locations: BUENOS AIRES, Argentina, American, Buenos Aires, United States, Milei

☆ Argentina Is a Textbook Case of ‘Fiscal Dominance’
▼ + stars: | 2023-11-22 | by ( Greg Ip | ) www.wsj.com time to read: 1 min

Argentina’s president-elect has promised to end inflation by replacing the peso with the dollar and abolishing the central bank. Photo: Erica Canepa/Bloomberg NewsArgentina is the bedtime horror story that other economies use to scare each other. Long after other emerging markets had internalized fiscal and monetary rectitude, Argentina has continued to lurch from default to hyperinflation and back. So other countries may be tempted to conclude there is nothing to learn from the economic catastrophe that swept the radical populist Javier Milei to victory in this past weekend’s presidential election.

Persons: Erica Canepa, Javier Milei Organizations: Bloomberg, Argentina Locations: Argentina

☆ Opinion | Has Latin America Found Its Trump?
▼ + stars: | 2023-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

The election of Javier Milei, a wild-haired showboating weirdo with five cloned mastiffs and a habit of psychic communion with their departed pet of origin, as president of Argentina has inspired a lot of discussion about the true nature of right-wing populism in our age of general discontent. Milei has many of the signifiers of a Trumpian politics: the gonzo energy, the criticism of corrupt elites and the rants against the left, the support from social and religious conservatives. At the same time, on economic policy he is much more of a doctrinaire libertarian than a Trump-style mercantilist or populist, a more extreme version of Barry Goldwater and Paul Ryan rather than a defender of entitlement spending and tariffs. You can interpret the Trump-Milei divergence in several ways. Another reading is that, yes, the policy is somewhat negotiable but there are actually deep ideological affinities between right-wing economic nationalism and what might be called paleolibertarianism, despite their disagreement on specific issues.

Persons: Javier Milei, Milei, gonzo, Barry Goldwater, Paul Ryan, Trumpism, Ross Perot, Ron Paul Organizations: Peronist, Trump Locations: Argentina

☆ Fact Check: Image of Argentina’s new VP wearing white dress is digitally altered
▼ + stars: | 2023-11-22 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An image of Argentina’s newly elected Vice-President Victoria Villarruel wearing a white dress alongside her running mate Javier Milei is digitally altered. In the original photograph, Villarruel was pictured wearing a suit jacket. In the unaltered photograph, Villarruel was wearing a light blue blazer, not a long white dress. The unaltered photograph was published by various Argentinian outlets including El Tribuno and El Diario Argentina. The original photo shows Victoria Villarruel wearing a suit jacket, not a white dress.

Persons: Victoria Villarruel, Javier Milei, Villarruel, El Tribuno, Milei, Sergio Massa, Read Organizations: Facebook, Twitter, El, El Diario, YouTube, Argentine Nation, Congress, La, Economy, Reuters, Thomson Locations: Villarruel’s, El, El Diario Argentina, La Nacion

☆ For Argentina, Dollarization May Work Better on YouTube Than in Reality
▼ + stars: | 2023-11-21 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Javier Milei wants to adopt the U.S. dollar as Argentina’s national currency. Photo: Luciano GonzALez Torres/Xinhua/Zuma PressArgentina’s anarcho-capitalist president-elect is right that the country desperately needs dollars. But his economic plan for getting them may be the wrong one. Javier Milei ’s victory over Economy Minister Sergio Massa in Sunday’s presidential election showed how eager Argentines are to embrace change. Milei, an outsider who became popular on YouTube and TikTok, has promised to “chain saw” public spending, eschew China-friendly overtures and, most eye-catchingly, “burn down” the central bank and adopt the U.S. dollar as the national currency.

Persons: Javier Milei, Luciano GonzALez Torres, Javier Milei ’, Sergio Massa Organizations: U.S, Xinhua, Zuma Press, Economy, YouTube Locations: Sunday’s, tatters, China

A large depreciation didn’t fully materialize; rather, the dollar’s value in the parallel retail market – popularly known as the “blue dollar” – increased some 13%. Milei, an outsider and right-wing populist, has also accused the Central Bank of recklessly printing money in order to fund public spending. The government has made access to foreign currency increasingly more stringent, which has caused the parallel market to flourish. “It isn’t exactly full, but there’s a lot in there,” she said, declining to provide her last name because trading foreign currency under the table is illegal. “Listening to the radio and looking on the internet, there isn’t any craziness about dollar, dollar, dollar,” he said.

Persons: Leandro Francisco Diana, Javier Milei, “, ”, Diana, Villa Crespo, Milei, Javier, Giselle, Argentina isn't, Maria Castiglioni, ” Castiglioni, Alexi Hoyos, Hoyos, ” Diana, videojournalist Mauricio Cuevas Organizations: U.S ., U.S, Central Bank, Radio Mitre Locations: BUENOS AIRES, Argentina, Buenos Aires, New York, Miami, Florida

☆ Libertarian Javier Milei Is Elected President of Argentina
▼ + stars: | 2023-11-20 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Libertarian Javier Milei Is Elected President of ArgentinaJavier Milei, a political outsider who pledged to flatten Argentina’s political establishment, won the presidency on Sunday. Milei, a self-described anarcho-capitalist, defeated ruling party candidate Sergio Massa. Photo: Tomas Cuesta/Getty Images

Persons: Javier Milei, Argentina Javier Milei, Sergio Massa, Tomas Cuesta Organizations: Getty Locations: Argentina

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