Politics, Business & Culture in the Americas

Argentina

 

Argentine Vice President to Appear in Court

Yesterday, Federal judge Ariel Lijo changed Argentine Vice President Amado Boudou’s court date from July 15 to June 9. Boudou will face charges of corruption, illegal negotiations as a public employee, and illegal profiteering related to his purchase of the Ciccone Calcográfica printing company with a partner in 2010. Boudou allegedly planned to use the … Read more

 

Argentina Creates Culture Ministry

Argentina’s official government gazette announced yesterday the creation of a cultural ministry department to be headed by folk singer and composer Teresa Adelina Sellares, also known by her stage name, Teresa Parodi.                     Prior to the creation of the Cultural Ministry, the government cultural department was run through the Secretary of Culture, Jorge Coscia, who resigned … Read more

 

Argentina to Pay Repsol for YPF Nationalization

The lower house of Argentina’s congress agreed to pay Spanish oil company Repsol $5 billion in bonds in compensation for its expropriation of the company’s 51 percent share of Argentine oil company Yacimientos Petrolíferos Fiscales (Treasury Petroleum Fields—YPF). After YPF was nationalized in 2012, Repsol’s share in the company was seized and reduced to 12 … Read more

 

Currency: Argentina’s Devaluation

When Argentina devalued its peso by 19 percent against the U.S. dollar in January, Brazilian President Dilma Rousseff reaffirmed her country’s independence from the volatile currency of its southern neighbor. “It will not have significant consequences,” Folha de São Paulo reported her saying. Indeed, Brazil has large international reserves, a balanced budget and consistent growth … Read more

 

Argentine Unions Stage Nationwide Strike

Parts of Argentina were paralyzed on Thursday after the country’s biggest unions shut down transportation and blocked entrances to Buenos Aires. The unions are staging a 24-hour strike to protest rising inflation and cuts to government subsidies, and are currently negotiating wage increases. Industrial unions—including metal and oil workers allied with President Cristina Fernández de … Read more

 

Ten Sentenced in Argentine Sex Trafficking Case

Ten individuals suspected of the kidnapping and sexual exploitation of Maria de los Ángeles “Marita” Verón were sentenced to prison in Tucumán, Argentina on Tuesday. While walking to a doctor’s appointment in 2002, Verón, 23, disappeared, and was suspected to have been forced into a sex trafficking ring. All 13 individuals accused of being involved … Read more

 

Fernández de Kirchner Commemorates Malvinas War

Argentina celebrated the thirty-second anniversary of the Guerra de las Malvinas (Falklands War) on Wednesday with a rally lead by President Cristina Fernández de Kirchner and the release of a new 50 peso bill picturing the islands. The commemoration the 74-day conflict between Argentine and British forces took place at the Malvinas Argentinas Hall at the … Read more

 

Walking Home Alone at Night in Buenos Aires

This is the first installment of “Connecting the Americas,” a collaborative project of Americas Quarterly and Zócalo Public Square. A debate dominates the end of my dinners at my parents’ house: how to get home? I live a mere seven blocks away, a brief walk across a park. Though I’m an independent urban type, in … Read more

 

Argentina Struggles with Soaring Inflation

As surging inflation takes a toll on Argentine consumers, the Argentine government affirmed on Tuesday that it would levy fines against supermarkets who fail to respect voluntary price controls that many stores and wholesalers agreed to in December. On Tuesday, Chief of Cabinet Jorge Capitanich said that the details of the new sanctions would be … Read more

 

Monday Memo: Chile-Peru Maritime Dispute — CELAC Summit — Argentina’s Economy — São Paulo Protests — Belize-Guatemala Agreement

Likely top stories this week: the International Court of Justice will rule on the Chile-Peru Maritime border; the CELAC Summit begins on Tuesday in Havana, Cuba; Argentina begins easing restrictions on purchasing US dollars; protesters of the World Cup clash with police in Sao Paulo; Belize and Guatemala sign an agreement at the OAS. International … Read more

 

Argentina Adopts New Restrictions on Online Purchasing

The Argentine government adopted new legislation limiting online buying on Tuesday in an effort to defend domestic production. The resolution, adopted by Argentina’s tax agency, the Administración Federal de Ingresos Públicos , and published in the Boletín Oficial, restricts Argentines to two tax-free purchases of up to $25 on foreign-based websites per year, with a … Read more

 

Argentina Invests in Power Grid After Blackouts

Argentine government officials formalized a $500 million plan to improve the distribution of electricity in Buenos Aires this week, but remained strongly opposed to raising utility rates in order to alleviate the city’s ongoing energy crisis. The measure comes after the hottest heat wave on record prompted a series of power outages, leaving hundreds of … Read more

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