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Javier Milei was first introduced to the Argentine public as a combative television personality with an unruly hairdo and a tendency to insult his critics. So when he entered Argentina’s presidential race last year, he was viewed by many as a sideshow. On Sunday, he was elected Argentina’s next president, and is now tasked with guiding one of Latin America’s largest economies out of one of its worst economic crises. Many Argentines awoke on Monday anxious, others hopeful, but just about everyone was uncertain about what lay ahead. Perhaps the only certainty about the country’s political and economic future was that, in three weeks, a far-right political outsider with little governing experience was set to take the reins of a government that he has vowed to upend.

Persons: Javier Milei, Argentina’s Organizations: Argentine

Money managers through Nov. 14 expanded their net long in CBOT soybean meal futures and options to 131,404 contracts from 111,987 a week earlier, also on new longs. January meal futures surged 21% during those five weeks and nearly 4% in the most recent week, reaching their highest ever levels for the date. The pre-2023 record open interest in meal futures and options was 594,016 contracts set in mid-2018 after drought significantly cut down top meal exporter Argentina’s soybean crop. March CBOT wheat futures rose fractionally during the week, and funds trimmed nearly 3,000 contracts from their huge net short, resulting in 89,271 futures and options contracts. wheat, funds have been very heavy sellers of spring wheat futures since late July.

Persons: Gustavo Bonato, Soyoil, Karen Braun, Diane Craft Organizations: REUTERS, Rights, Reuters, Thomson Locations: Campo Verde, Mato Grosso, Brazil, Rights NAPERVILLE , Illinois, United States, U.S, Kansas City, Minneapolis

☆ Javier Milei, a Self-Described Anarcho-Capitalist, Is Elected President of Argentina
▼ + stars: | 2023-11-19 | by ( Kejal Vyas | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

Javier Milei at a polling station in Buenos Aires on Sunday. Photo: Anita Pouchard Serra/Bloomberg NewsBUENOS AIRES—Javier Milei, a libertarian political outsider who pledged to flatten Argentina’s political establishment, was elected president Sunday in a major shift for a country buffeted by one of the world’s highest rates of inflation and mounting poverty after years of populist rule. Milei, a 53-year-old congressman, took 56% of the vote to 44% for Economy Minister Sergio Massa with 88% of the ballots counted, the National Electoral Directorate said.

Persons: Javier Milei, Anita Pouchard Serra, Sergio Massa Organizations: Sunday, Bloomberg News BUENOS AIRES, Economy, Electoral Locations: Buenos Aires

☆ Argentina Elects Javier Milei in Victory for Far Right
▼ + stars: | 2023-11-19 | by ( Jack Nicas | More About Jack Nicas | ) www.nytimes.com time to read: +1 min

Argentines on Sunday chose Javier Milei, a far-right libertarian who has drawn comparisons to Donald J. Trump, as their next president, a lurch to the right for a nation struggling under an economic crisis and a sign of the enduring strength of the global far right. Mr. Milei, 53, an economist and former television personality, has burst onto the traditionally closed Argentine political scene with a brash style, an embrace of conspiracy theories and a series of extreme proposals that he says are needed to upend a broken economy and government. Sergio Massa, 51, Argentina’s center-left economy minister, conceded defeat even before official results were released because the campaigns’ early numbers showed he had been defeated. As president, Mr. Milei has pledged to slash spending and taxes, close Argentina’s central bank and replace the nation’s currency with the U.S. dollar. He has also proposed banning abortion, loosening regulations on guns and only considering countries who want to “fight against socialism” as Argentina’s allies, often naming the United States and Israel as examples.

Persons: Javier Milei, Donald J, Trump, Milei, Sergio Massa, ” Organizations: Sunday, Argentine, U.S . Locations: United States, Israel

☆ What to Know as Argentina Votes in a Pivotal Election
▼ + stars: | 2023-11-19 | by ( Jack Nicas | More About Jack Nicas | ) www.nytimes.com time to read: +1 min

For months, Argentina has been consumed by a single question. Mr. Milei, an economist and former television pundit, is facing off against Sergio Massa, Argentina’s center-left economy minister, in a runoff election. Mr. Massa led the election’s first round last month, with 37 percent to Mr. Milei’s 30 percent. The backdrop to the contest has been Argentina’s worst economic crisis in decades, with annual inflation surpassing 140 percent, behind only Lebanon and Venezuela globally. But the economic debate has been overshadowed by the rise of Mr. Milei, his eccentric personality and his radical ideas to remake the country.

Persons: Will Javier Milei —, Donald J, Trump, Milei, Sergio Massa, Mr, Massa Organizations: Argentine Locations: Argentina, Argentina’s, Lebanon, Venezuela

☆ Argentina election: Javier Milei and Sergio Massa compete in presidential run-off
▼ + stars: | 2023-11-19 | by ( David Shortell | Eva Rothenberg | ) edition.cnn.com time to read: +2 min

CNN —Polls are open in Argentina for a high-stakes presidential run-off vote pitting far-right libertarian Javier Milei against the country’s left-leaning economy minister Sergio Massa. Both candidates were greeted warmly by supporters as they arrived to cast their votes Sunday, video from Reuters showed. Milei, dressed in a leather jacket, walked through a uproarious crowd of cheering spectators in Buenos Aires, clasping hands, waving and signing autographs. Milei, of the Liberty Advances coalition, arrives to vote in Buenos Aires, Argentina, Sunday, Nov. 19, 2023. Massa gestures as he speaks on the day of Argentina's runoff presidential election, in Tigre, on the outskirts of Buenos Aires, on November 19.

Persons: Javier Milei, Sergio Massa, Massa, ”, Matias Delacroix, Milei’s, Mariana Nedelcu, Jair Bolsonaro, CNN’s Stefano Pozzebon Organizations: CNN, Reuters, Liberty Advances, Former Locations: Argentina, Buenos Aires, Tigre, Bogota

☆ Peso dollarization: Milei’s victory in Argentina election puts the currency’s future in doubt
▼ + stars: | 2023-11-19 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —Libertarian Javier Milei’s victory Sunday in Argentina’s presidential run-off contest has far-reaching consequences for the country’s struggling economy, including the fate of the peso. A political outsider who ran on a promise to “break the status quo,” Milei’s economic platform rested on a desire to dollarize the Argentinian economy. Dollarization means the country would give up the Argentine peso and use the US dollar as its currency. Milei’s proposal to switch Argentina’s currency from the peso to the US dollar rests on the argument that the dollar is stronger than the peso and, unlike the peso, cannot be printed at will. Sergio Massa, the country’s current economy minister and Milei’s run-off opponent, had criticized the plan for dollarization as a surrender of national sovereignty.

Persons: Javier Milei’s, Sergio Massa, CNN’s Abel Alvarado Organizations: CNN, Argentine, Cato Institute Locations: Washington decisionmakers, Ecuador, El Salvador, Argentina, Washington , DC

☆ How the Architect of Argentina’s Grim Economy Is Boosting His Presidential Bid
▼ + stars: | 2023-11-18 | by ( Ryan Dubé | ) www.wsj.com time to read: 1 min

SAN MIGUEL, Argentina—As a so-called point man for the ruling Peronist political movement, Carlos Coronel does everything from organizing soccer tournaments in the working-class outskirts of Buenos Aires to helping the disabled secure artificial limbs. Now, as Argentina prepares for a presidential election on Sunday, he seeks to collect votes by fanning out across the teeming Rust Belt-like communities of a province whose voters are essential to winning the presidency.

Persons: Carlos Coronel Organizations: MIGUEL, Peronist Locations: Argentina, Buenos Aires

☆ Argentina election: Will Milei’s plan to ditch peso for the dollar be a vote-winner against Massa?
▼ + stars: | 2023-11-16 | by ( Analysis Stefano Pozzebon | ) edition.cnn.com time to read: +8 min

To fix the problem, Argentina should abandon the peso and adopt the dollar, whose value is set by the US Federal Reserve and cannot be printed at will. Massa has criticized the plan for dollarization as a surrender of national sovereignty and attempted to show that the government’s current actions are already paying dividends. Other mainstream politicians, including former the President Mauricio Macri and another former election candidate, Patricia Bullrich, have endorsed Milei despite sharing some reservations on dollarization. ET) and the vote count is expected to be quick – barring any unforeseen problems or objections, that is. Milei appeared to question the results of the first round of voting in October, although his party did not formally appeal.

Persons: Argentina’s, Sergio Massa, Javier Milei, Milei, Massa, dollarization, Pope Francis, “, Satan ”, Francis, Tucker Carlson, Milton Friedman, Argentinians, Mauricio Macri, Patricia Bullrich, Brazil’s Luiz Inácio Lula da Silva, Colombia’s Gustavo Petro, Spain’s José Luis Rodriguez Zapatero, Jair Bolsonaro, Mario Vargas Llosa, Mariano Rajoy, Donald Trump Organizations: CNN, Massa, Union por la Patria, Union, La Libertad, US Federal Reserve, Cato Institute Locations: Buenos Aires, Argentina, South America, Latin America, Ecuador, El Salvador, US, Argentina’s, Peruvian, Spanish

Donald J. Trump’s claims of election fraud already helped inspire one South American leader, former president Jair Bolsonaro of Brazil, to sow doubt about the security of his nation’s elections, leading to a riot in Brazil’s capital this year. Now, 1,500 miles to the south, there is a new Latin American politician warning of voter fraud with scant evidence, undermining many of his supporters’ faith in their nation’s election this Sunday. Javier Milei, a far-right libertarian economist and television personality, is competing to become Argentina’s next president in a runoff election. On the campaign trail, he has embraced comparisons to Mr. Trump and Mr. Bolsonaro, and, like them, has repeatedly warned that if he loses, it may be because the election was stolen. Mr. Milei has claimed, without evidence, that stolen and damaged ballots cost him more than a million votes in a primary election in August, or as much as 5 percent of the total.

Persons: Donald J, Trump’s, Jair Bolsonaro, Javier Milei, Argentina’s, Trump, Bolsonaro, Milei Locations: Brazil

There was one of Argentina’s presidential candidates, Sergio Massa, dressed in a shirt with what appeared to be military medals, pointing to a blue sky. “The image exudes authority and determination.”Javier Milei, the other candidate in Sunday’s runoff election, has struck back by sharing what appear to be A.I. images depicting Mr. Massa as a Chinese communist leader and himself as a cuddly cartoon lion. Argentina’s election has quickly become a testing ground for A.I. in campaigns, with the two candidates and their supporters employing the technology to doctor existing images and videos and create others from scratch.

Persons: Sergio Massa, —, “, Gustav Klutsis, masssa, ”, ” Javier Milei, Massa Locations: Buenos Aires

Additionally, tightness in U.S. soybean meal supplies related to Argentina’s extreme crop shortfall earlier this year has lent significant support to soybean and soymeal futures lately. Managed money net position in CBOT soybean futures and optionsIt was funds’ biggest net buying week in soybeans since early April, and both new longs and short-covering played an instrumental role. Managed money net position in CBOT soybean meal futures and optionsThe new managed money meal long is the biggest since mid-March and the largest ever for the date. CBOT soybean meal on Monday traded up the daily limit at one point, reaching the most-active contract’s highest since mid-March and notching another contract high for December meal. Most-active CBOT soybeans on Monday hit their highest price since Aug. 31, and most-active corn futures rose 2.9%, their biggest single-day percentage gain since July 24.

Persons: Karen Braun, Leslie Adler Organizations: U.S . Commodity Futures Trading Commission, China, U.S . Department of Agriculture, Reuters, Thomson Locations: NAPERVILLE, Ill, Brazil, Chicago

☆ Taylor Swift Takes Her Eras Tour Global, Shaking Argentina
▼ + stars: | 2023-11-10 | by ( Jack Nicas | More About Jack Nicas | ) www.nytimes.com time to read: 1 min

On May 31, Florencia Romeo slept in a tent outside Argentina’s largest stadium with her girlfriend and her sister. They had heard rumors that Taylor Swift might be coming to Buenos Aires, and they wanted to be first in line. The rumors were right: Ms. Swift was coming, but it would take a while. Her concert was more than five months away.

Persons: Florencia Romeo, Taylor Swift, Swift Locations: Buenos Aires, North America

The trade’s idea of corn yield lines up with past similar years. Other than 2023, the last three times that soybean yields fell in August, September and October were 2008, 2003 and 1999. Crop Watch results generally support these predictions since the 11-field soybean yield ended up close to the season’s lowest score while corn yields bounced a bit at the end. It has been 15 years since the agency lowered Brazil’s soy crop between October and November. 2024Without severe crop losses in Brazil’s soy or corn this year, U.S. supplies, especially corn, could balloon in 2024-25.

Persons: USDA’s, Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, South, Reuters, SOUTH AMERICA, Consultancy, USDA, Thomson Locations: NAPERVILLE , Illinois, U.S, USDA, Mato Grosso, Argentina

BUENOS AIRES, Argentina (AP) — As thousands of Taylor Swift fans eagerly lined up Thursday for the superstar’s first-ever concert in Argentina, they saw themselves surrounded by posters urging them to not vote in favor of right-wing populist Javier Milei in next week’s presidential election. “A Swiftie Doesn't Vote Milei,” read one of the posters, using the term commonly used to describe fans of the 12-time Grammy winner. “Taylor defends lots of positions and things that Milei doesn’t represent,” said 17-year-old Julieta Bracamontes. Milei “represents the antidemocratic right that comes to take away all our acquired rights,” the fan club said in a news release. But "it’s OK, I don’t think she’ll see it.”

Persons: Taylor Swift, Javier Milei, “, ”, “ Taylor, Julieta Bracamontes, Argentina’s Donald Trump, Trump, Constanza Trunsky, Swift, Milei, “ Massa, Sergio Massa, Milei’s, Swifties, Joe Biden ’, Milei “, Massa, Lucila, Malena Garachena Organizations: Trump, Economy, Milei Locations: BUENOS AIRES, Argentina, Buenos Aires, South America

☆ Argentina’s Next President Will Face an Economy in Crisis
▼ + stars: | 2023-11-06 | by ( Ryan Dubé | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

BUENOS AIRES—As Argentines prepare to choose a new president later this month, the once-prosperous nation known for its baroque architecture and robust cattle is grappling with its most debilitating economic crisis in a generation. Grocery-store shelves increasingly lack basics such as toilet paper, coffee and rice as triple-digit inflation accelerates. Factories can’t import supplies because of dollar shortages, which forced General Motors to suspend production. Doctors say they don’t have materials to perform CT scans. Recently, long lines formed outside gas stations after drivers were told they could buy only a few dollars of fuel at a time.

Persons: Motors Organizations: BUENOS AIRES, Factories Locations: BUENOS

☆ The New Enemies of Argentina’s Far Right: Swifties and the BTS Army
▼ + stars: | 2023-11-04 | by ( Natalie Alcoba | ) www.nytimes.com time to read: 1 min

Javier Milei, a far-right libertarian economist, has stayed aloft in Argentina’s presidential campaign on the wings of the youth vote. To win the runoff election this month, he will need to hold on to that key demographic, pollsters say. They have trained their online sights on Mr. Milei and his rising libertarian party, framing them as a danger to Argentina, while Ms. Swift herself is preparing to arrive in Argentina next week for the launch of her Eras Tour outside North America. “Milei=Trump,” said one post from a group called Swifties Against Freedom Advances, which is the name of Mr. Milei’s party.

Persons: Javier Milei, Taylor Swift, Milei, Swift, “, ” Organizations: Trump Locations: Argentine, Argentina, North America

RIO DE JANEIRO (AP) — Tensions remained high Friday in Rio de Janeiro on the eve of the Copa Libertadores soccer final, following a brawl between fan clubs and a fierce police response on the Copacabana beach the previous day. The incident marred the excitement ahead of the game between Brazil’s Fluminense and Argentina’s Boca Juniors, due on Saturday at Rio de Janeiro’s famed Maracana stadium. A mob swept across Copacabana beach, sending hundreds of others stampeding away from the commotion, some clutching caipirinhas and hastily-gathered clothes. The meeting was called after Thursday's brawl on Copacabana that saw nine arrested across the city's affluent southern zone, police said. “Fluminense fans came to take photos with the Argentines and the atmosphere was relaxed until 19:30 when the police arrived, hitting people with batons, firing shots and using tear gas,” Barbero said.

Persons: ”, Brazil Daniel Scioli, “, Facundo Barbero, ” Barbero Organizations: RIO DE, —, Copa Libertadores, Brazil’s Fluminense, Argentina’s Boca Juniors, Rio de, Conmebol, Brazilian Football Confederation, Argentine Football Association, Fluminense, Boca Juniors, Argentine's Diario, Boca, Argentine, Diario, Globo, Fluminense “ Locations: RIO DE JANEIRO, Rio de Janeiro, Maracana, Copacabana, South America, Brazil, Buenos Aires, Argentine, Rio

☆ Carlos Alcaraz: World No. 2 suffers shock defeat to Russia’s Roman Safiullin at Paris Masters
▼ + stars: | 2023-11-01 | by ( Ben Church | Patrick Sung | ) edition.cnn.com time to read: +2 min

CNN —He may have developed into one of the best players in the world, but Carlos Alcaraz is not immune to an off day. The reigning Wimbledon champion suffered a surprise defeat to Russia’s Roman Safiullin in the Paris Masters on Tuesday, the first time the 20-year-old has lost an opening round match at a tournament this year. There’s only one tournament left, but these losses hurt a lot.”Roman Safiullin produced a brilliant performance to peg back the world No. “For Carlos, it was not his best performance, but still I’m happy that I can win,” Safiullin said after the match. The Serb is set to start his Paris Masters campaign against Argentina’s Tomás Etcheverry on Wednesday as he looks to win his seventh title at the event.

Persons: Carlos Alcaraz, Alcaraz, “, ” Alcaraz, Safiullin, Stephanie Lecocq, Reuters Safiullin, Carlos, ” Safiullin, he’s, I’m, Grigor Dimitrov, Novak Djokovic, Argentina’s Tomás Etcheverry Organizations: CNN, Wimbledon, Paris, Reuters, Shanghai Masters, Paris Masters Locations: Switzerland

☆ Ballon d’Or: Lionel Messi and Aitana Bonmatí win men’s and women’s awards
▼ + stars: | 2023-10-30 | by ( George Ramsay | Patrick Sung | ) edition.cnn.com time to read: +7 min

CNN —Lionel Messi won a record-extending eighth Ballon d’Or on Monday, while Barcelona and Spain star Aitana Bonmatí won the Ballon d’Or Féminin – the annual soccer awards celebrating the best players in the men’s and women’s game. This [award] is also for you, I share it with you and with all of Argentina.”Barça and Spain midfielder Aitana Bonmati receives the Woman Ballon d'Or award during the 2023 Ballon d'Or France Football award ceremony on October 30. “I’m very proud to receive the Ballon d’Or tonight. In both places, I have the best teammates next to me that make me better every day.”Aitana Bonmatí has won the Ballon d'Or Féminin for the first time. Barcelona Femení won Women’s Club of the Year for its standout year, which included three titles – Liga F, the Spanish Super Cup and the Women’s Champions League – and having a roster which included six Ballon d’Or Féminin nominees, including the winner, Bonmatí.

Persons: Lionel Messi, Ballon d’Or, Aitana Bonmatí, Féminin, Messi, Ballon, Erling Haaland, Germain, Kylian, “, I’ve, ”, David Beckham, Aitana, ” Messi, Odd Andersen, Diego Maradona, Diego, Maradona, ” Barça, Aitana Bonmati, Franck Fife, ” Bonmatí, Novak Djokovic, haven’t, ” Aitana Bonmatí, Javier Borrego, Alexia Putellas, Sam Kerr, Bonmatí’s, Salma Paralluelo, Jude Bellingham, Gerd Müller, Stefan Wermuth, Pep Guardiola’s, Barcelona Femení, d’Or Féminin, Bonmatí, Ballon d’Or Lionel Messi, Argentina Ballon, Spain Gerd Müller, Striker, Emiliano Martínez, Socrates, Vinícius Jr Organizations: CNN, Argentina’s, Inter Miami star’s, Manchester City, Paris Saint, Inter Miami, Argentina –, Copa América, Getty, Argentina national, …, Copa, France Football, Barcelona, Liga, League, Wolfsburg, world’s, FC Barcelona, Europa Press, Chelsea, Roja, Bellingham, Real Madrid, Borussia Dortmund, German, FA, Men’s Club, pipping Inter Milan, Women’s Club, Spanish, Women’s, League –, Norway Yashin, Aston Villa, Argentina Kopa, Real, Brazil Men’s Club, Year Manchester City Women’s Club Locations: Barcelona, Spain, Paris, Argentina, Qatar, Argentine, AFP, Australia, New Zealand, Barça, Spanish, Bellingham, Los, Madrid, El Clásico, Manchester, Istanbul, Bonmatí, Manchester City, Norway, Real Madrid, Brazil

LIMA, Peru (AP) — The possible living face of Peru’s most famous mummy, a teenage Inca girl sacrificed in a ritual more than 500 years ago atop the Andes, was unveiled Tuesday. The silicone-made bust portrays a young woman with pronounced cheekbones, black eyes and tanned skin. Political Cartoons View All 1218 Images“Now 28 years later, this has become a reality thanks to Oscar Nilsson’s reconstruction,” he said. According to anthropological studies, Juanita was sacrificed between A.D. 1440 and 1450, when she was between 13 and 15 years old. “These findings have helped us better understand her life and the Inca culture," he said.

Persons: I’d, ”, Johan Reinhard, Juanita ”, ” Reinhard, Oscar Nilsson’s, Nilsson, Dagmara, Juanita, Reinhard Organizations: Sanctuaries, Catholic University of Santa, Associated Press, University of Warsaw’s Center, Andean Studies, Johns Hopkins University Locations: LIMA, Peru, Swedish, Catholic University of Santa Maria, Arequipa, “, U.S, Polish

☆ Javier Milei wants Argentina to swap the peso for the US dollar. Here's what that would mean
▼ + stars: | 2023-10-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

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

Milei is in a weaker position than expected. Mr. Milei had entered Sunday as the clear favorite, with some in his campaign predicting that he could win the election outright in the first round. Mr. Milei has attracted a lot of attention for his promises to radically overhaul the Argentine government and economy with a plan to eliminate the nation’s central bank and replace its currency with the U.S. dollar. But analysts said that his brash political style, which had drawn comparisons to Mr. Trump and Jair Bolsonaro, Brazil’s former right-wing president, likely turned away many centrist voters. “The supporters who made memes of him with Bolsonaro and Trump didn’t do him any favors,” said Brian Winter, a Latin American analyst and former journalist in Argentina.

Persons: Milei, Massa, Trump, Jair, Brazil’s, “, ”, Brian Winter Organizations: Argentine, U.S ., Bolsonaro, Trump Locations: Argentina

☆ Argentina’s Ruling Party Candidate Takes Most Votes in Presidential Election
▼ + stars: | 2023-10-22 | by ( Ryan Dubé | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

Brazil’s and Argentina’s leaders have revived the idea of a common currency in a bid to boost trade and reduce the region’s reliance on the U.S. dollar. WSJ’s Samantha Pearson explains why it is unlikely to be implemented anytime soon. Photo: Eve HartleyBUENOS AIRES— Sergio Massa , the ruling party’s candidate for president, came out on top in the first round of a presidential election Sunday, beating out a libertarian economist, Javier Milei , who had promised to lay waste to Argentina’s political establishment. With 92% of the votes counted, Massa took 36.3% of the votes, defying polls that had predicted Milei would be the victor.

Persons: Samantha Pearson, Eve Hartley BUENOS, Sergio Massa, Javier Milei, Massa Organizations: U.S .

☆ Argentines Vote to Choose President in Country Hard Hit by Economic Crisis
▼ + stars: | 2023-10-22 | by ( Ryan Dubé | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

Election workers prepared for Sunday’s elections at a school on the outskirts of Buenos Aires to be used as a polling station. Photo: Mariana Nedelcu/ReutersBUENOS AIRES—Argentines began voting Sunday for a new president amid a grueling economic crisis marked by triple-digit inflation and growing poverty that is fueling political upheaval in the agricultural powerhouse. Leading the polls is Javier Milei, a libertarian economist and outsider who has tapped into voter anger at the political establishment with pledges to dismantle what he derides as Argentina’s “political caste.” He has promised to close ministries as part of his plan to slash public spending and replace the peso currency with the dollar to bring 138% inflation to heel in Latin America’s third-biggest economy.

Persons: Mariana Nedelcu, Javier Milei Organizations: Reuters, Reuters BUENOS AIRES — Locations: Buenos Aires, Reuters BUENOS AIRES

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