Argentina Runs Out of Other People’s Money
The demonstration in Buenos Aires this month was the largest since Argentines restored democracy in 1983.
In the second quarter, the economy contracted by 1.4%. The Buenos Aires-based think tank Foundation for Latin American Economic Research (known by its Spanish initials FIEL) is forecasting 2012 GDP growth of only 1.5%. Inflation is estimated by independent economists at almost 25% annually. As salaries are adjusted upward to compensate for the loss of purchasing power, workers are being pushed into higher tax brackets. Argentines traveling abroad now have to explain their plans to government bureaucrats if they want to buy hard currency.
Add these pocketbook issues to the rising rate of violent crime, recurring corruption scandals, increasing antidemocratic efforts to silence independent media outlets and pronouncements from Mrs. Kirchner’s inner circle that it wants to amend the constitution to allow her to run for a third term. The Kirchner government has also angered labor leaders by letting it be known that it plans to shift union control of hundreds of millions of dollars in health-care premiums to the government.
Turkey in November in Argentina
Software founder McAfee denies killing neighbor
BOLIVIA & CHILE
Evo Morales tries to swap a stream for a piece of Chilean seafront
In sign of growing clout, Brazil’s corn helps hold up U.S. market
As the result of a 2009 WTO ruling, Brazil now receives about $17 million in monthly payments from U.S. taxpayers — money being used to advance the Brazilian cotton industry with research on best practices, pest management and other issues. The Obama administration agreed to the payments as an alternative to either curbing government support for U.S. cotton growers or having Brazil slap import taxes on American goods to compensate for the loss to its farmers.
Oil in Brazil
The perils of Petrobras
How Graça Foster plans to get Brazil’s oil giant back on track
Colombia Peace Talk Negotiators Meet Again
Students protest Costa Rica’s information crimes law
IKEA: No deep business contacts with Cuban suppliers
Test sofa sets were of such poor quality that no orders were placed, IKEA says.
Cuban health care
Nip and tuck in
Medicine is big business in Cuba
Can I Wake Up?
Reporters Without Borders condemns Castro regime’s increasing harassment of Cuban independent journalists
Los fabricantes de burbujas
Holding Salvadoran War Criminals Accountable: The Massacre at University of Central America, San Salvador, 1989
Mexico ex-mayor killed after surviving two attacks
The former mayor of a town in western Mexico, who had survived two earlier assassination attempts, has been beaten to death
Mexican Economy Slows on Weak Exports
Panama Canal’s $5 billion makeover could be boon for South Florida
The $5.25 billion makeover of this century-old engineering marvel could be a boon for South Florida.
Make this a Koki Day!
Puerto Rico Statehood: Luis Fortuño Pushes Bid To Become 51st State After Status Vote
The GREAT devaluation robbery coming to Venezuela
Of Virtual Ice Cream Plants And Ministers In The Chávez Revolution
Fake Venezuelan Olympians held
Ten Venezuelans who falsely claimed to be Olympic weightlifters are arrested in Buenos Aires after scans show drug capsules in their stomachs.
The week’s posts:
More #post-election info: 28% Latino poverty rate
Argentina: Broadcast licenses, cable TV and fiber-optic Internet networks to be auctioned off
China & Brazil: Striking out while the iron’s hot
Belize: McAfee goes bonkers, UPDATED
Tags: Fausta's blog, Ikea