Breaking News
Inflation Drops To 13.2% In February
That’s a monthly rate by the way, but much improved over December 2023 which was around 25%, if we’re still counting.
Prosecutor Wants 12 Years For Ex-President, Cristina Kirchner
Prosecutor Mario Villar requested that Cristina Kirchner be sentenced to 12 years in prison for being the head of the illicit association that operated in the corruption of public works in Santa Cruz. He did so before the Federal Chamber of Criminal Cassation in the case known as “Vialidad”.
Villar assured that the former president was the one who “generated the continued trickle of millions to Lázaro Báez” by signing decrees that allocated funds for public works. At the same time, he assured that “the illicit association is proven”.
This will roll on and on…
President Milei’s Chainsaw Takes Effect!
Just over two months after his stunning election win, Javier Milei is delivering exactly what he promised – more pain, high inflation, but a drastic cutting back of state spending.
We’ve yet to see a drop in inflation because January’s monthly figure of 25% is not really indicative, yet Milei himself has said that a monthly figure of 15% for February would be a major step in the right direction.
His biggest problems are revolts from the Pro party, his removal of funds from social groups, constant threats from unions, endless strikes and possible widespread social unrest. However, his popularity has dropped by at least nine points to around 48%.
Blue Dollar Catching Up With Official Exchange Rate.
While the government maintains an artificial exchange rate with the US dollar of around $367, the informal black market rate, also known more commonly as the Blue rate, jumped to $790 yesterday (September 29). Uncertainty, which is the perennial key word in Argentina as of late, largely drives the Blue rate which is considered to be the real rate of exchange.
Many experts predict a huge devaluation in December and a Blue rate of around $1200.
Fasten your seatbelts!
Edited 4th October 2023 to reflect out of control economy with the Blue dollar at $845.
Edited 6th October 2023, dollar at $885.
Edited 26th February 2024, dollar at $1080
Edited 4th April 2024, dollar at $1000.
ESMA Detention Centre Declared World Heritage Site
The former detention and extermination centre has been named as a Heritage Site by UNESCO.
I drive past this macabre building several times a week and have been meaning to visit for a long time. Unspeakable acts were carried out here in the 70s and 80s, so paying one’s respects and learning from history would be my reason for going.
Not only that, I lived in Argentina for part of that military dictatorship and witnessed some of the repression.
Ex-President Cristina Kirchner Will Go On Trial
Appeal judges have quashed her absolvement in money laundering charges (Los Sauces etc) and the Iran Memorandum charges and she will now go to trial.
The Federal Chamber of Criminal Cassation moved on Monday evening to reopen two cases against Vice President Cristina Fernández de Kirchner and send them to oral trial. The cases in question are Hotesur-Los Sauces — for which Kirchner’s son Máximo will also have to stand trial — and the Memorandum of Understanding with Iran. – Source, Buenos Aires Herald.
The judges that originally absolved her were/are in her pocket, according to most sources.
Maybe there really is justice…
Opposition Win For Chaco Governor
Leandro Zdero has been elected governor of Chaco, one of the poorest provinces in the country.
RWC – Fiji Beat Australia For First Time In 69 years!
Fiji have beaten Australia for the first time in 69 years with an impressive performance in Bordeaux.
Used Car Sales In Argentina Fall By 70%
And prices for used cars are up by 100%, making it simply impossible to buy either a new or used car.
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