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Take Five: Another curve ball for markets
  + stars: | 2023-10-20 | by ( ) www.reuters.com   time to read: +5 min
The European Central Bank looks set to sit tight after a string of interest rate hikes, while there's a slew of U.S. earnings and Argentina's presidential election. ECB chief economist Philip Lane says the central bank was still "quite some distance" from easing monetary policy. Canada's central bank, meeting on Wednesday, is tipped to leave rates steady as inflation eases. 2 economy, property turmoil threatens China's 5% growth target - even after a consensus-smashing 4.9% quarterly expansion. Milei, surprise victor in the August primary election, has pledged to dollarise the economy and get rid of the central bank.
Persons: Brendan McDermid, Amanda Cooper, Naomi Rovnick, Kevin Buckland, Lewis Krauskopf, Rodrigo Campos, Philip Lane, hasn't, Javier Milei, Sergio Massa, Patricia Bullrich, Vineet Sachdev, Sumanta Sen, Dhara Ranasinghe, Simon Cameron, Moore Organizations: New York Stock Exchange, REUTERS, European Central Bank, Hamas, ECB, Reuters Graphics Reuters, Microsoft, Apple, Nvidia, Tesla, General Motors, Merck, United Parcel Service, Investors, International Monetary, Massa, Thomson Locations: New York City, U.S, London, Tokyo, New York, Israel, Palestinian, Russia, Ukraine, China, Beijing, ARGENTINA, Argentina, Pasir Kongkunakornkul
The rundown on Argentina's presidential election
  + stars: | 2023-10-20 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsThe rundown on Argentina's presidential electionPostedArgentines will vote in presidential elections on Sunday (October 20), a three-way race between libertarian populist Javier Milei, center-left economy minister Sergio Massa and center-right ex-minister Patricia Bullrich. Olivia Zollino has more.
Persons: Javier Milei, Sergio Massa, Patricia Bullrich, Olivia Zollino
REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBUENOS AIRES, Oct 20 (Reuters) - Argentina may be about to leap into the political unknown. Many blame the political elite and have latched on to Milei's burn-it-all-down rhetoric. That will impact the make-up of Congress, which is being partially renewed and will likely end up fragmented. Many voters, however, appeared resigned to a Milei win - a reflection of how the former television pundit has managed to take hold of the political narrative, leveraging memes and videos online that have resonated with younger voters. "I'm going to vote for Massa, but Milei is going to win," said Stella Buk, 65, who has a book stall at the Parque Centenario fair.
Persons: Javier Milei, Agustin Marcarian, Sergio Massa, Patricia Bullrich, I'm, Sebastián Pizzo, Milei, Mariel Fornoni, Massa, Carlos Fara, Milei's, Mariel Segovia, Adriana Schedfin, Mabel Baez, Baez, Stella Buk, Nicolas Misculin, Adam Jourdan, Daniel Wallis Organizations: Argentine, La Libertad, REUTERS, International Monetary Fund, Management, Massa, Parque Centenario, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Asia, Europe, China, Tapiales, Argentine
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about 10 minutes. Hosted by Annie Correal, the new morning show features three top stories from reporters across the newsroom and around the world, so you always have a sense of what’s happening, even if you only have a few minutes to spare.
Persons: Annie Correal Organizations: New York Times, Times
By Nicolás MisculinBUENOS AIRES (Reuters) - Argentina may be about to leap into the political unknown. Many blame the political elite and have latched on to Milei's burn-it-all-down rhetoric. That will impact the make-up of Congress, which is being partially renewed and will likely end up fragmented. Many voters, however, appeared resigned to a Milei win - a reflection of how the former television pundit has managed to take hold of the political narrative, leveraging memes and videos online that have resonated with younger voters. "I'm going to vote for Massa, but Milei is going to win," said Stella Buk, 65, who has a book stall at the Parque Centenario fair.
Persons: Javier Milei, Sergio Massa, Patricia Bullrich, I'm, Sebastián Pizzo, Milei, Mariel Fornoni, Massa, Carlos Fara, Milei's, Mariel Segovia, Adriana Schedfin, Mabel Baez, Baez, Stella Buk, Nicolas Misculin, Adam Jourdan, Daniel Wallis Organizations: Reuters, Argentine, International Monetary Fund, Management, Massa, Parque Centenario Locations: Misculin BUENOS AIRES, Argentina, Brazil, Buenos Aires, Asia, Europe, China, Tapiales, Argentine
Uncanny Art for the Post-Truth Era
  + stars: | 2023-10-20 | by ( Joshua Glass | ) www.nytimes.com   time to read: +2 min
Many works of hyperrealism call on old traditions of mimesis, among them anatomical wax models based on real carcasses, a technique dating to the 18th century. Lately, though, new technology has made hyperrealism easier for humans to achieve, while simultaneously complicating the practice. art generator — one that used randomized machine learning to mimic her reimaginations. It’s a worrying development for any artist, but also one that has made human-engineered hyperrealism even more relevant — us versus the machines. When it was installed four years later outside of the Center for Art and Media in Karlsruhe, Germany, a traffic warden gave it a parking ticket.
Persons: Patricia Piccinini, suckling, , It’s, Erwin Wurm, Wurm, , it’s, He’s Organizations: Benz, Center for Art, Media Locations: Australian, Austrian, Karlsruhe, Germany
Pro-Israel demonstrators protest in Times Square on the second day of the ongoing conflict between Israel and the Palestinian militant group Hamas, in Manhattan in New York City, U.S., October 8, 2023. Thursday's protest in Times Square, organized by the nonprofit Israeli American Council, was expected to draw hundreds of demonstrators and many officials, including New York City Mayor Eric Adams. Plans call for 15 billboards in Times Square to show the faces of people believed to be held hostages and Israeli flags. Ceasefire is the only way to bring hostages home," organizers of Friday's New York rally said on their event page. His administration, facing mounting pressure to secure the release of the hostages, must walk a fine line.
Persons: Joe Biden, Jim Risch, Risch, Eric Adams, Biden, Rachel Goldberg, Hersh Goldberg, Goldberg, Adrienne Neta, Chen, Itay Chen, Jonathan Allen, Gabriella Borter, Patricia Zengerle, Frank McGurty, Jonathan Oatis Organizations: Israel, Palestinian, Hamas, REUTERS, Protesters, Republican, Senate Foreign Relations, Israeli American Council, New York City, Public, Cannon, U.S . Capitol, Friday's, Israel Defense Force, Thomson Locations: Israel, Manhattan, New York City, U.S, New, New York, York, Gaza, Qatar, Jerusalem . U.S, Washington
REUTERS/Stringer/File Photo Acquire Licensing RightsOct 18 (Reuters) - Nicaragua sent a dozen Catholic priests who had been "processed" by judicial authorities to Rome on Wednesday, the government said, the latest action, a critic said, in a government crackdown on the church. President Daniel Ortega has at times accused Catholic church leaders of seeking to overthrow his government, while judicial authorities have arrested priests and accused some of committing treason, among other crimes. An exiled Nicaraguan researcher who publishes records of what she describes as the persecution of the Catholic Church under Ortega said sending the priests to Rome was a "forced removal." The researcher, Martha Patricia Molina, accused Ortega of seeking to "strangle and disappear" the church with such action. Bishop Rolando Alvarez, perhaps Ortega's most prominent Catholic critic, was this year sentenced to a 26-year jail term on treason charges, but was not among the 12 priests the government sent to Rome.
Persons: Stringer, Daniel Ortega, Ortega, Martha Patricia Molina, Bishop Rolando Alvarez, Valentine Hilaire, David Alire Garcia, Christopher Cushing, Robert Birsel Organizations: Metropolitan Cathedral, REUTERS, Catholic, Thomson Locations: Managua, Nicaragua, Rome, Italy, Nicaraguan, United States
Hamas hostages: what we know so far
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +6 min
Israel has responded by pounding Gaza with air strikes, killing thousands, and has said it will act to free the hostages while wiping out Hamas. Hamas has suggested the hostages could be swapped for approximately 6,000 Palestinians held in Israeli prisons. Israel has said that there will be no end to the blockade of the enclave without freedom for Israeli hostages. Israel says the hostages were taken to Gaza but their exact whereabouts within the enclave are unknown, making their rescue more complicated. U.S. President Joe Biden said his administration is "workin’ like hell" to find American hostages held by Hamas.
Persons: Rachel Goldberg, Hersh Goldberg Polin, Ammar Awad, Israel, Kan, Mia Schem, Jake Sullivan, Jim Risch, Alberto Fernandez, Rishi Sunak's, Sunak, Ofir Engel, Kibbutz Be'eri, Garcovich, Ivan Illaramendi, Benjamin Netanyahu, Gal Hirsch, Hakan Fidan, Joe Biden, Britain's Sunak, Argentina's Fernandez, Emmanuel Macron, Olaf Scholz, Biden, Charlie Devereux, Crispian Balmer, Kylie MacLellan, Patricia Rua, John Irish, James Mackenzie, Patricia Zengerle, Grant McCool Organizations: REUTERS, Monday, Reuters, U.S, French, Tel Aviv . U.S, Thomson Locations: Gaza, Israel, Jerusalem, Rafah, Egypt, Thailand, Argentine, France, Portugal, Portuguese, Chilean, Spanish, Italy, Turkey, Germany, U.S, Franco, Berlin, Tel Aviv
"It is an economy that is in intensive care," Miguel Kiguel, a former undersecretary of finance at the Economy Ministry in the 1990s, told Reuters. "The main challenge is to get Argentina out of stagnation, but to do that you have to lower inflation." J.P. Morgan has estimated inflation will end 2023 at 210%, while a central bank poll of analysts forecast 180%. In a bid to tamp down inflation Argentina's central bank has hiked the benchmark interest rate to 133%, which encourages saving in pesos, but hurts access to credit and economic growth. Milei wants to ditch the peso completely and dollarize the economy, while Bullrich says she favors a dual peso-dollar system.
Persons: Javier Milei, Sergio Massa, Patricia Bullrich, Miguel Kiguel, J.P, Morgan, Fernando Morra, Bullrich, Eliana Raszewski, Adam Jourdan, Daniel Wallis Organizations: Argentine, Buenos Aires, Argentina, Economy Ministry, Reuters, Reuters Graphics Reuters, Coldplay, Reuters Graphics, CENTRAL, International Monetary Fund, Thomson Locations: Buenos Aires, BUENOS AIRES, Argentina, China, Brazil
An amateur astronomer and a NASA eclipse ambassador, Ms. Davies is leading the alliance’s efforts to organize and support eclipse events in the area. At the nearby Best Western, rooms for that eclipse are going for about $1,100 a night, Ms. Moore said. In Bandera, the self-proclaimed Cowboy Capital of the World, this eclipse came with wagon rides, Old West shootout re-enactments and one outrageously long-horned bull named Redneck. A little over an hour away in the small town of Junction, Macy Brooks, the organizer of the Texclipse Music Festival, is also planning to go bigger in April. Josh White, an owner of Arrowhead Creek, a vineyard in Stonewall, is planning for a relatively quiet event at his winery in April.
Persons: , Dawn Davies, Davies, , ” Patricia Moore, annularity, Moore, Macy Brooks, margarita, Brooks, Josh White Organizations: Hill Country Alliance, NASA, Bandera County Convention, Visitors Bureau, Cowboy Capital, Old West Locations: Oregon, South Carolina, Bandera County, Bandera, Old, Spain, Junction, Arrowhead, Stonewall
(Reuters) - U.S. President Joe Biden will ask Congress for $60 billion for Ukraine and $14 billion for Israel, a source familiar with his plan told Reuters. The request will also include $10 billion for humanitarian aid, $14 billion for border security and $7 billion for the Indo-Pacific region, the source said. Half of the $60 billion Biden is requesting for Ukraine would go toward replacing and modernizing U.S. weapons stocks, the source said. Biden was scheduled to outline the request in a White House speech at 8 p.m. He was widely expected to ask Congress to pass a supplemental spending bill quickly, as Washington responds to the deadly Oct. 7 attack on Israel by Hamas militants while looking to further support Ukraine grapple with a Russian invasion.
Persons: Joe Biden, Biden, Patricia Zengerle, Dan Whitcomb, Howard Goller Organizations: Reuters, U.S Locations: Ukraine, Israel, U.S, Washington
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about 10 minutes. Hosted by Annie Correal, the new morning show features three top stories from reporters across the newsroom and around the world, so you always have a sense of what’s happening, even if you only have a few minutes to spare.
Persons: Annie Correal Organizations: New York Times, Times
Biden to seek $60 bln for Ukraine, $14 bln for Israel - source
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +1 min
U.S. President Joe Biden speaks to the press onboard of Air Force One en route from Israel, amid the ongoing conflict between Israel and Hamas, at Ramstein Air Base, Germany, October 18, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsOct 19 (Reuters) - U.S. President Joe Biden will ask Congress for $60 billion for Ukraine and $14 billion for Israel, a source familiar with his plan told Reuters. The request will also include $10 billion for humanitarian aid, $14 billion for border security and $7 billion for the Indo-Pacific region, the source said. Half of the $60 billion Biden is requesting for Ukraine would go toward replacing and modernizing U.S. weapons stocks, the source said. Biden was scheduled to outline the request in a White House speech at 8 p.m.
Persons: Joe Biden, Evelyn Hockstein, Biden, Patricia Zengerle, Dan Whitcomb, Howard Goller Organizations: Air Force, Ramstein Air Base, REUTERS, Reuters, U.S, Thomson Locations: Israel, Germany, Ukraine, U.S, Washington
"He is the change that Argentina needs," said 28-year-old Milei voter Ayrton Ortiz at a recent rally in Buenos Aires province in support of the candidate. Those working with his campaign say it is his authenticity that has made him so successful, especially with two-fifths of the population in poverty and looking for a new voice. "You can like him or not, but he is himself," said Fernando Cerimedo, a political consultant who works on Milei's campaign. Many Milei voters say they are willing to take the risk. At the end of the month, you see how they count pennies and cry," said Milei voter Valentina Brites, 18.
Persons: Javier Milei, Agustin Marcarian, Juan Luis Gonzalez, Gonzalez, Milei, Donald Trump, Beppe Grillo, Ayrton Ortiz, Sergio Massa, Patricia Bullrich, MURRAY, MILTON, ROBERT AND LUCAS Milei, Karina, Conan, Murray, Milton, Robert, Lucas, Milton Friedman, Eduardo Eurnekian, Fernando Cerimedo, Fernando Morra, Valentina Brites, Javier, Anna, Catherine Brigida, Eliana Raszewksi, Lucinda Elliott, Adam Jourdan, Daniel Wallis Organizations: Argentine, La Libertad Avanza, REUTERS, American, Peronist, Forces, Libertad Avanza, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, Argentine, Candelaria
By Patricia ZengerleWASHINGTON (Reuters) - U.S. President Joe Biden's administration is considering $60 billion in assistance for Ukraine and $10 billion for Israel in a supplemental spending request he will send to Congress as soon as Friday, a source familiar with the matter told Reuters on Wednesday. Multiple sources familiar with the request told Reuters on Tuesday that Biden was considering a supplemental request of about $100 billion that would include defense aid for Israel, Ukraine and Taiwan, as well as funding for efforts to beef up security on the U.S. border with Mexico. Senator Jim Risch, the top Republican on the Senate Foreign Relations Committee, said he was not aware of the $100 billion figure, except from news reports. He told a news conference he had heard that the administration was considering $10 billion for Israel. Several sources said on Wednesday that Biden has not settled on a final figure, and the breakdown has not been communicated to Congress.
Persons: Patricia Zengerle WASHINGTON, Joe Biden's, Biden, Jim Risch, Patricia Zengerle, Nandita Bose, Christopher Cushing Organizations: Israel, Reuters, Wednesday, Republican, Senate Foreign Relations, Administration, U.S Locations: Ukraine, Washington, Israel, Taiwan, U.S, Mexico
Argentina's Economic Minister Sergio Massa and Brazil's Finance Minister Fernando Haddad (not pictured) hold a news conference, at the Casa Rosada presidential palace in Buenos Aires, Argentina, January 23, 2023. Massa has his own political structures," a spokesman for the ruling party told Reuters. He studied at a Catholic school in the suburbs of Buenos Aires, joined a conservative political party and then shifted to Peronism. He rose to chief of staff under Fernandez de Kirchner(2007-15), though later left her government under a cloud and set up his own political party. He finished third in the first round of voting when he ran for president in 2015, before he returned to the Peronist coalition as a congressman in 2019.
Persons: Sergio Massa, Fernando Haddad, Agustin Marcarian, Javier Milei, Massa, Julio Burdman, Agustin Rossi, Patricia Bullrich, Alberto Fernandez, grandee Cristina Fernandez de Kirchner, Kirchner, Fernandez de Kirchner, Nicolás Misculin, Adam Jourdan, Marguerita Choy Organizations: Argentina's Economic, Brazil's Finance, Casa, REUTERS, Peronist, Observatory, Reuters, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, U.S, Peronism, Tigre
U.S. President Joe Biden delivers remarks as he visits Israel amid the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, October 18, 2023. Multiple sources familiar with the request told Reuters on Tuesday that Biden was considering a supplemental request of about $100 billion that would include defense aid for Israel, Ukraine and Taiwan, as well as funding for efforts to beef up security on the U.S. border with Mexico. He told a news conference he had heard that the administration was considering $10 billion for Israel. Several sources said on Wednesday that Biden has not settled on a final figure, and the breakdown has not been communicated to Congress. Reporting by Patricia Zengerle; Additional reporting by Nandita Bose; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Evelyn Hockstein, Joe Biden's, Biden, Jim Risch, Patricia Zengerle, Nandita Bose, Christopher Cushing Organizations: Hamas, REUTERS, Rights, Israel, Reuters, Wednesday, Republican, Senate Foreign Relations, Administration, U.S, Thomson Locations: Israel, Tel Aviv, Ukraine, Washington, Taiwan, U.S, Mexico
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicA devastating blast at a hospital in Gaza on Tuesday killed hundreds and ignited protests across the broader Middle East, deepening the crisis in the region. As President Biden visits Israel looking to ease tensions and avoid a broader conflict, Edward Wong, a diplomatic correspondent for The Times, discusses the narrow path the American leader must navigate.
Persons: Biden, Edward Wong Organizations: Spotify, The Times Locations: Gaza, Israel
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — it’s available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about 10 minutes. Hosted by Annie Correal, the new morning show features three top stories from reporters across the newsroom and around the world, so you always have a sense of what’s happening, even if you only have a few minutes to spare.
Persons: Annie Correal Organizations: New York Times, Times
She Burned It All Down, to Build the Perfect Dress
  + stars: | 2023-10-18 | by ( Jessica Iredale | ) www.nytimes.com   time to read: +1 min
Until then, Mara Hoffman had been the go-to purveyor of sexy psychedelic prints and bikinis for the Coachella crowd. “I did a strip show, tried everything on and they placed their first order,” Ms. Hoffman said. As time wore on, Mara Hoffman the brand felt increasingly disconnected from Mara Hoffman the woman, on a spiritual and aesthetic level. At one point Ms. Hoffman found herself crying on her couch, telling Ms. Davis that she wanted to close the business. “Burn it to the ground,” Ms. Hoffman said.
Persons: ” Mr, Majeranowski, , they’ve, Hoffman, Mara Hoffman, Patricia Field, Ms, , Davis Organizations: Parsons Locations: New York, Murray
U.S. President Joe Biden speaks at a dinner hosted by the Human Rights Campaign at the Washington Convention Center in Washington, U.S., October 14, 2023. Israel's request is not an indication that the Biden administration would request, or Congress would approve, that amount. We intend to get the package the end of this week," the Senate's majority leader, Democratic Senator Chuck Schumer, told his weekly press conference. The top Senate Republican, Senator Mitch McConnell, said he expected the request to include assistance for Israel, Ukraine and Taiwan, and said Republicans want it to include "something serious" for the border. Top Biden administration officials will hold a classified briefing on Wednesday for the Senate on the situation in Israel and Gaza.
Persons: Joe Biden, Ken Cedeno, Israel, Biden, Chuck Schumer, Mitch McConnell, Schumer, Bob Menendez, Menendez, Patricia Zengerle, Jonathan Oatis Organizations: Human, Washington Convention Center, REUTERS, Rights, U.S, Hamas, Democratic, Senate Republican, Biden, Senate, Thomson Locations: Washington , U.S, Israel, Ukraine, Taiwan, U.S, Iran, Gaza, Egypt
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Persons: Dow Jones Locations: venezuela
[1/3] Simon Rubinstein, 17, casts his first vote ever, in the presidential primary election, in Buenos Aires, Argentina August 13, 2023. Argentina is one of a handful of Latin American countries that allows 16 and 17-year-olds the right to vote. Kremenchuzky, nicknamed "Toto," 17, is part of that teenage electorate. In an August open primary vote, Toto voted for conservative Patricia Bullrich - which he puts down to influence from his parents - but says he could shift his vote in October to Milei if the libertarian convinces him in election debates. However, Milei's conservative social views and promise of sharp cuts to government spending are off-putting to some young voters.
Persons: Simon Rubinstein, Magali, Tomas Kremenchuzky, Kremenchuzky, Toto, Javier Milei, thieving, He's, Patricia Bullrich, Milei, Rocio Pozzetti, Sergio Massa, Massa, Pozzetti, Noelle Chab, Rubinstein, Magali Druscovich, Lucila Sigal, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, Peronist, Milei, Bullrich, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine, Milei
"You have to have a backbone to govern this country," Bullrich, the candidate for the Together for Change coalition, told Reuters at a recent press event. Bullrich is facing front-runner libertarian economist Javier Milei, who is promising more extreme policies, and economy minister Sergio Massa. She also cited the strong political machinery of the conservative coalition. Bullrich, replying to Reuters, said that the coalition - win or lose - would be a strong political force with around 10-11 governors and large presence in Congress. Another voter, 61-year-old retiree Patricia Amalia Rojas, said she backed Bullrich for her tough line on gangs and crime.
Persons: Patricia Bullrich, Bullrich, Javier Milei, Sergio Massa, Fernando de la Rua, Mauricio Macri, Cristian Ritondo, Maria Alejandra Ferreyra, Milei, Horacio Larreta, Ana Balcarce, Lomas de Zamora, Macri, Facundo Martinez Maino, Patricia Amalia Rojas, Eliana Raszewski, Adam Jourdan, Marguerita Choy Organizations: Peronist, Change, Reuters, Milei, Massa, Buenos Aires, University of Avellaneda, Lomas, Monetary Fund, Thomson Locations: BUENOS AIRES, Argentine, Argentina, Buenos Aires, Bullrich, Buenos
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