Tag Archives | buenos aires news

Buenos Aires News: Edition 5

Fires Burn Over 1,200 Acres In Argentina [LAHT]
A state of emergency has been declared in Argentina’s Tierra del Fuego province, where more than 500 hectares (1,234 acres) of forest have been scorched by several fires, forcing the evacuation of dozens of people, officials said Sunday.

Argentine automakers to sell at cost, protect jobs [Reuters]
Argentine automakers will sell basic models at cost through state-subsidized loans in a plan to protect jobs in Latin America’s third-biggest economy from the global economic slowdown. Local plants of Renault SA, General Motors, Peugeot, Ford Motor Co. and other automakers will participate in the government’s plan to protect 150,000 auto industry jobs and to keep production from falling steeply next year.  Now this is an interesting idea!

Argentine Unions Want Floor for Peso Devaluation [Bloomberg]
Argentina’s union leaders want the government to put a limit on the peso’s devaluation, claiming that a softer currency will fuel inflation and undermine workers’ buying power.

Madge blows $1 million in hotel bill [The Times of India]
Madonna reportedly shelled out a million dollars on the Four Seasons hotel in Buenos Aires after she and her crew checked out from its posh premises. The megastar blew an alleged 9,000 dollars per night to stay at the hotel’s private mansion while her 200 backing dancers, singers, make-up artists, choreographers, managers and security checked into another 110 rooms – costing at least 600 dollars each.  Now, I know where at least part of my ticket money went!

Argentina Gun Swap Wildly Successful [IPS]
As a disarmament campaign launched 17 months ago in Argentina nears its end, the government and civil society groups involved in the initiative announced that it has far exceeded even the most optimistic projections, despite the lack of publicity.  The Interior Ministry reported that the programme, in which people voluntarily swap their firearms for cash, has so far collected over 102,000 guns and 721,000 munitions, all of which were destroyed.

Why Have So Many Restaurants Closed in Buenos Aires?  (english version) [La Nacion]
An interesting read, about the closure and pending closures of almost 300 restaurants in Buenos Aires due to the economic crisis. Many of these restaurants had relied on the tourist market and thus increased prices so significantly that they lost the locals. It will be intersting to see if the new visa tax that goes into effect on January 1 will cause a further decline in tourism and what the fallout will be.

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Buenos Aires News: Edition 4

Seems like our new Buenos Aires News idea was popular enough to be “borrowed” on another site, so I guess we’re doing something right.  (Though some credit would have been nice.)

Argentina Playboy Bunny Campaigns for Whales in Chile  [Merco Press]
Argentine top model Vanesa Carbone cat-walked topless in front of the Japanese embassy in Santiago de Chile to protest Japan’s indiscriminate whale hunting and the use of animal skins in human clothing. Save the whales! (And yes, there is a photo on their site too.)

Spain’s Bets Sour in Latin America [Wall Street Journal]
Argentine lawmakers Wednesday approved a draft law to seize back the country’s largest airline Aerolineas Argentinas and its subsidiary Austral from its owners, the Spanish group Marsans. The measure approved by Argentina’s lower house of Congress Wednesday declared Marsans’ properties to be “of public utility,” which is enough under Argentine law to allow expropriation. Marsans claims the airline is worth $250 – $450 million while the Argentine government wants to pay 1 peso (.30 cents) for the airline.

Argentine political soap opera bubbles along [San Francisco Chronicle]
Argentine Vice-President Julio Cobos has become an outcast in the government after he cast the tie-breaking vote in July’s farmer’s strike against his boss President Cristina Fernandez, but his popularity soared.  His approval rating is twice that of the president in some approval polls, but that doesn’t mean it’s any easier to come to work for him.

Yes, We Have No Monedas! [Slate]
Subtitled “Inside the world’s most annoying economic crisis,” this is yet another story about the shortage of coins in Buenos Aires and the many interesting ways people are dealing with it. Michelle and Tom’s blog has their own interesting experiences with the Argentine coin shortage. Truly a strange problem to see…

Fernandez Unveils Stimulus Plan for Argentine Economy [Bloomberg]
Argentine President Cristina Fernandez de Kirchner has unveiled a 13.2 billion-peso ($3.9 billion) plan to spur the country’s consumption and exports in a bid to counter the effects of the global financial crisis. Whether it works or not remains to be seen.

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Buenos Aires News: Edition 1

Welcome to the first of a weekly series highlighting some of what I consider to be the more interesting news from Buenos Aires and Argentina.  I find many new things every week and often want to blog about them, but realize that I don’t always have the time to get to them.  Hopefully, with these posts, I can just give a quick summary and you can read the ones that interest you.

Maradona rubbed from Yahoo! web by Argentinian judge [The Register]
Following a judge’s temporary restraining order, all searches for Diego Maradona, Argentina’s most (in)famous soccer player, on Yahoo! Argentina have been blocked.  Argentine judges have issued more than 100 search site restraining orders over the past two years in an attempt to expunge allegedly inappropriate references to some of the country’s most recognizable names. Most of these have been lead by one attorney who is effectively censoring the Internet.

Argentine Fans Hijack Public Buses To Go To Match [Reuters UK]
How much do Argentines love their soccer?  Let’s just say that things often get a little crazy when soccer is involved and this latest story is no exception.  On November 13, in two separate incidents, fans of an Argentine second division soccer team hijacked two public buses and ordered the drivers to take them to their team’s game.

Spare Change? There’s None in Buenos Aires [Time]
Time has a good article covering the shortage of coins in Buenos Aires and the problems it’s causing across the city.  Many stores have “No Change” signs up, large grocery stores routinely round-off the total in their favor.  So acute was the coin shortage, one day last month, that the Metrovias subway company was forced to open its turnstiles and let passengers ride for free after it ran out of change. Interesting article…

Argentina vetoes glacier law that curbed mining [Reuters]
Argentina’s president has vetoed a law that would have protected the country’s glaciers by restricting mining and oil drilling. The law, which was passed by Congress last month, was vetoed by President Cristina Fernandez. She issued a decree stating that governors in Andean provinces feared the glacier law could threaten economic development in their regions.

Al Jazeera focuses on Latin America [The Miami Herald]
The Buenos Aires office of Al Jazerra’s English service is dedicated to reporting the news from Latin America in a different way.

Brazil, Argentina Agree to Increase Import Taxes [Bloomberg]
As if imported good were not expensive enough here, Bloomberg is reporting that import taxes will be raised on various products including wine, peaches, canned foods, textiles, pasta and wooden furniture, from outside the Mercosur trading bloc.

Fiscal Crisis Gives Argentines Familiar Sinking Feeling [New York Times]
A growing number of Argentines are stockpiling dollars amid worries that their government’s economic policies have doomed them to yet another financial crisis.

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