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The Vulture Capitalists Plan to Smear Argentina

There’s a good amount of well-deserved negative press regarding Argentina’s failed economic policies and its world standing after defaulting on its debt obligations in 2001. In fact, most people in Argentina are just waiting for the next financial meltdown to happen here. (Argentines say to expect one at least every 10 years, so this one is overdue.)

That’s what makes the following video from The Young Turks all the more interesting. It’s an attack on the vulture capitalists who bought up Argentina’s debt for pennies on the dollar and are now demanding repayment in full and smearing Argentina in the process. I found it to be an interesting perspective that may not have been considered by everyone. Take a look and let me know what you think…


Tourist Shot On Florida Street

Yesterday, an American tourist was shot during a robbery attempt on Florida Street in Buenos Aires. Florida Street is well known as one of the major pedestrian thoroughfares in the city, and is also famous for the many “cuevas” (caves) – one of the few places to change dollars for pesos and vice-versa after the government’s restriction on obtaining dollars. These cuevas are technically illegal but have been seen as relatively low-risk place to get the best rate for your dollars.

That may now be over. The two American tourists had follows a man off the street in order to sell dollars and walked into a robbery. When they resisted a scuffle ensued and one of the Americans was shot in the buttocks. He and his partner are recovering in a Buenos Aires hospital. The two thieves were caught by the police after sustaining injuries while jumping from a first floor balcony.

Balearon a un turista en un edificio de la calle Florida [La Nacion] (Spanish)
Balearon a un turista en una galería de la peatonal Florida [Clarin] (Spanish)


New Order Announce Buenos Aires Concert Date

New Order Buenos Aires 2011

A slightly older New Order

After selling out their London concert in 15 minutes, New Order just announced three South American dates for their reunion tour, including a December 1 stop in Buenos Aires.

The band will play a 9pm show at Estadio Obras on Libertador and tickets are on sale now at LivePass and various ticket outlets. Prices for tickets are $460 for Platea, $340 for Campo and $250 for General.

Their currently announced tour dates now include:

Dec. 1: Estadio Obras, Buenos Aires, Argentina
Dec. 3: UMF Festival, Sao Paulo, Brazil
Dec. 5: Movistar Arena, Santiago, Chile
Dec. 10: Troxy, London, U.K.

We’ve got our tickets already!


Buenos Aires News: Edition 14

Here’s some of our favorite Buenos Aires blog posts, news and updates from the last week:

Argentina Approves Nationwide Smoking Ban [The Argentine Post]
Argentina passed a law on Wednesday that bans smoking in indoor work spaces, schools, hospitals, museums, clubs and public transportation systems. It also places strict limits on the sale, advertising and promotion of cigarettes in these and other places while forcing tobacco companies to put warning labels on cigarette packages. All I can say is thank god!

La Crespo: A Jewish American Palermonite’s Heaven [Pick up the Fork]
Good bagels and pastrami in Buenos Aires? I’m looking forward to trying this place out, though I doubt they have true dill pickles (one of the few things I have yet to find in Buenos Aires).

A Constant Feeling of Crisis [Inc]
This article has been forwarded quite a bit amongst the expats here who can relate to many of the themes that Inc magazine picks up on regarding doing business in Argentina. From their sub-heading: “Think the U.S. economy feels shaky? Try doing business in Argentina, where corruption is the norm, regulations are absurd, inflation is rampant, and financial crises are a dime a dozen (11 cents next month).”

P.F. Chang’s Coming to Argentina [InvestBA]
Ok, so they’re not actually coming until 2013, but  does anyone doubt that they’ll do well here? I’ll be looking forward to some chicken and lettuce wraps.

Argentine Match Suspended After Policeman Shot [MSNBC]
Proving once again that Argentine soccer can be dangerous for more than just the players.

Buenos Aires restaurants to remove salt shakers from tables [Global Post]
In an effort to reduce hypertension and Argentine’s excessive salt intake, the Ministry of Health and the food service industry have agreed to remove salt shakers from the tables. Diners will be required to ask for them if they want to add more salt to their food.