Showing posts with label Argentina. Show all posts
Showing posts with label Argentina. Show all posts

Tuesday, February 26, 2019

Argentina's Chief Rabbi Gabriel Davidovich attacked during break-in

Argentina's Chief Rabbi Gabriel Davidovich attacked during break-in

  • 3 hours ago
Chief Rabbi Gabriel DavidovichImage copyrightAMIA
Image captionMr Davidovich's attackers stole money and reportedly told him "We know that you are the Amia Rabbi"
Argentina's Chief Rabbi has been taken to hospital after being beaten in a night-time attack at his home in the capital Buenos Aires. 
Rabbi Gabriel Davidovich said his wife was restrained during the break-in while he was attacked.
In a statement, Amia - a Jewish cultural centre - said the attackers stole money and told Mr Davidovich: "We know that you are the Amia Rabbi."
The organisation said comments made by his attackers were "a cause for alarm".
The Israeli Prime Minister Benjamin Netanyahu condemned the attack. "Anti-Semitism must not be allowed to rear its head," he said in a statement.
Mr Davidovich, who has been Argentina's chief rabbi since 2013, was being treated for several fractured ribs and a punctured lung, according to local press reports. Police said they were investigating the incident as a robbery.
The attack came just a day after seven Jewish graves were defaced with Nazi symbols in San Luis in western Argentina. The country is home to nearly 200,000 Jews - one of the world's largest Jewish populations outside Israel.
In 1994, the Amia building was targeted in a bomb attack that killed 85 people and remains the country's deadliest terrorist incident. Much of the evidence was subsequently lost or contaminated and no-one has been convicted in connection with the bombing.

Wednesday, February 20, 2019

Pedophile homosexuals and the Catholic Church...their enablers go right to the Pope.

'The pope ignored them': Alleged abuse of deaf children on 2 continents points to Vatican failings

Friday, August 10, 2018

Another socialist experiment proves that it's the system where the most corrupt is the government's

How a Chauffeur Could Bring Down Argentina’s Political Elite

(Bloomberg) -- A chauffeur’s notes could send dozens of Argentina’s political and business elites to prison. On Aug. 1, Argentine newspaper La Nacion published an investigation that detailed alleged bribes from business executives to officials in the former governments of President Cristina Fernandez de Kirchner and her late husband, Nestor Kirchner. Evidence in the eight notebooks, kept from 2005 to 2015 by the chauffeur of a former government official, have led to the arrests of more than a dozen men. And Kirchner could be next.

1. What was in the chauffeur’s notebooks?

Oscar Centeno, the driver for former planning secretary Roberto Baratta, kept meticulous notes for 10 years with details of bribes that he delivered. His notebooks include names, amounts, addresses and dates, including bribes allegedly delivered to Kirchner’s homes in Buenos Aires. It’s not known why Centeno kept the records. The notebooks chronicled about $53 million in bribes.

2. How did they come to light?

Centeno gave the notebooks to a friend when his former boss, Baratta, was about to go to jail last year on separate charges. And the friend decided on his own in January to give copies of them to La Nacion journalist Diego Cabot, who led the investigation. After the news report came out, Centeno said he burned the notebooks on his grill.

3. Who’s implicated?

So far, a dozen men -- a mix of former government officials and business leaders -- have been detained. A handful of others have confessed to paying bribes and struck plea bargains with prosecutors. A growing list of current and former business executives, including one from engineering giant Techint, have been arrested. The broader scope of the investigation is unknown because the case is under seal and charges haven’t been formally announced.

4. What’s the economic and financial impact?

Argentine stocks and bonds have both been hit by the investigation and the uncertainty of its scope. The scandal erupted at a terrible time for the economy. Argentina suffered through a currency crisis in May and most economists expect it will be in a recession later this year.

5. What happens next?

Kirchner will appear for questioning on Aug. 13 before Claudio Bonadio, the judge overseeing the case. Bonadio has already asked that Argentina’s Senate remove Kirchner’s immunity and allow investigators to raid her properties in Buenos Aires to search for potential evidence. It’s unclear if or when those requests will be approved by the Senate, a necessary step. Plea agreements Bonadio has already obtained with other suspects may broaden the case’s scope. It’s also unclear when Bonadio will lift the seal on the case, revealing the charges he’s filed.

6. What does this mean politically?

The big question is whether the investigation leads to jail time for Kirchner, who was president from 2008 to 2015; it’s widely assumed she will seek another presidential term in the 2019 election. Kirchner is a bitter foe of current President Mauricio Macri, who saw his approval ratings tumble this year amid the economic downturn. Analysts say the investigation is good news for Macri as Kirchner’s election odds will likely decline. Fernandez’s positive image has fallen 10 percentage points to 31 percent since the probe began, while Macri’s rose to 33 percent,. according to research firm Elypsis.

7. What happened to the chauffeur?

Centeno was arrested and later freed after agreeing to cooperate with prosecutors. He is the key witness in the investigation, especially given that his notebooks no longer exist. He is currently under police guard.

8. Is this anything like Brazil’s ‘Carwash’ scandal?

Not yet. The bribe amounts revealed in Argentina so far are significantly lower than the $1.6 billion detailed so far in Brazil’s widespread corruption probe. Brazilian prosecutors also have much more legal independence than their Argentine counterparts. This means that Argentina investigations are often politicized, which undermines prosecutors’ credibility. The scope of Brazil’s probe also engulfed the entire Brazilian political class. So far, only officials from Kirchner’s government have been implicated; Macri’s government hasn’t yet been dragged in.

Saturday, May 5, 2018

Cleaning up the mess the socialists left behind: Argentina raises interest rates to 40%

Argentina raises interest rates to 40%

  • 4 May 2018
Bureau de change in Buenos AiresImage copyrightGETTY IMAGES
Image captionThe Argentine peso is still sliding in value
Argentina's central bank has raised interest rates for the third time in eight days as the country's currency, the peso, continues to fall sharply. 
On Friday, the bank hiked rates to 40% from 33.25%, a day after they were raised from 30.25%. A week ago, they were raised from 27.25%.
The rises are aimed at supporting the peso, which has lost a quarter of its value over the past year.
Analysts say the crisis is escalating and looks set to continue.
Argentina is in the middle of a pro-market economic reform programme under President Mauricio Macri, who is seeking to reverse years of protectionism and high government spending under his predecessor, Cristina Fernandez de Kirchner.
Inflation, a perennial problem in Argentina, was at 25% in 2017, the highest rate in Latin America except for Venezuela.
This year, the central bank has set an inflation target of 15% and has said it will continue to act to enforce it.

'Aggressive steps'

Despite the twin rate rises, the peso, which was fixed by law at parity with the US dollar before Argentina's economic meltdown in 2001-02, is now trading at about 22 to the dollar.
Value of peso over time
"This crisis looks set to continue unless the government steps in to reassure investors that it will take more aggressive steps to fix Argentina's economic vulnerabilities," said Edward Glossop, Latin America economist at Capital Economics.
"Risks to the peso have been brewing for a while - large twin budget and current account deficits, a heavy dollar debt burden, entrenched high inflation and an overvalued currency.
"The real surprise is how quickly and suddenly things seem to be escalating."
Mr Glossop said "a sizeable fiscal tightening" was planned for 2018, but it might now need to be larger and prompter.
"Unless or until that happens, the peso is likely to remain under pressure, and there remains a real risk of a messy economic adjustment."
Presentational grey line

By Daniel Gallas, BBC South America Business Correspondent

Argentina's president Mauricio Macri is a controversial figure in a country that is still strongly divided ideologically. 
But among international investors he is unanimously praised. Since coming to office, he moved swiftly to end capital controls and re-establish trust in economic data coming from Argentina.
However, he is not winning a crucial battle in the country - the one against inflation. Markets are taking notice and there has been a sell-off of the peso.
The opposition wants to stop Macri from removing subsidies in controlled prices, such as energy and utility tariffs, which may bring more inflation in the short term but could help bring it down from above 20% now to about 5% by 2020.
Friday was a day for emergency measures - a massive hike to 40% in interest rates and a commitment to bring down government spending. 
Investors still believe Macri has a sound plan to recover Argentina, but they are not convinced he can see it through.
Presentational grey line