Monday, October 21

Tag: Javier Milei

Argentina Swears In ‘Madman’ Milei as President
10Dec By adminNo Comments
World

Argentina Swears In ‘Madman’ Milei as President

BUENOS AIRES—Javier Milei was sworn in as Argentina’s president Sunday, telling the nation to brace for massive public spending cuts as he tries to dig the country out of its worst economic crisis in a generation. The eccentric economics professor-turned-TV pundit, recognizable for his sideburns and wild bouffant hair, swept to victory last month after promising to demolish the political establishment and overhaul the economy with “shock” fiscal therapy. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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For Argentina, Dollarization May Work Better on YouTube Than in Reality
21Nov By adminNo Comments
World

For Argentina, Dollarization May Work Better on YouTube Than in Reality

Updated Nov. 21, 2023 12:02 am ETArgentina’s anarcho-capitalist president-elect is right that the country desperately needs dollars. But his economic plan for getting them may be the wrong one.Javier Milei’s victory over Economy Minister Sergio Massa in Sunday’s presidential election showed how eager Argentines are to embrace change. The economy is in tatters, with inflation running at 143%. Milei, an outsider who became popular on YouTube and TikTok, has promised to “chain saw” public spending, eschew China-friendly overtures and, most eye-catchingly, “burn down” the central bank and adopt the U.S. dollar as the national currency.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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For Argentina, Dollarization May Work Better on YouTube Than in Reality
21Nov By adminNo Comments
Money

For Argentina, Dollarization May Work Better on YouTube Than in Reality

Updated Nov. 21, 2023 12:02 am ETArgentina’s anarcho-capitalist president-elect is right that the country desperately needs dollars. But his economic plan for getting them may be the wrong one.Javier Milei’s victory over Economy Minister Sergio Massa in Sunday’s presidential election showed how eager Argentines are to embrace change. The economy is in tatters, with inflation running at 143%. Milei, an outsider who became popular on YouTube and TikTok, has promised to “chain saw” public spending, eschew China-friendly overtures and, most eye-catchingly, “burn down” the central bank and adopt the U.S. dollar as the national currency.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Argentina Gambles on Milei – WSJ
20Nov By adminNo Comments
Business

Argentina Gambles on Milei – WSJ

When there’s no real alternative, there’s no problem, as the saying goes. And that may be the logic of Argentina voters on Sunday who rejected the catastrophe of Peronist rule in favor of impulsive and charismatic outsider Javier Milei, who promised what for Argentina is the radical change of free-market economics.Mr. Milei, a Congressman and self-described libertarian, won the Presidency in a rout with 56% of the vote to 44%. He defeated Sergio Massa, the incumbent economic minister and architect of the policies that have produced runaway inflation, declining living standards, a government shedding foreign reserves, and the worst economic crisis in decades.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Meet Javier Milei: The Future Leader Of Argentina
20Nov By adminNo Comments
Politics

Meet Javier Milei: The Future Leader Of Argentina

BUENOS AIRES, Argentina (AP) — His legions of fans call him “the crazy” and “the wig” due to his ferocity and unruly mop of hair, while he refers to himself as “the lion.” He thinks sex education is a Marxist plot to destroy the family, views his cloned mastiffs as his “children with four paws” and has raised the possibility people should be allowed to sell their own vital organs.He is Javier Milei, Argentina’s next president.A few years ago, Milei was a television talking head that bookers loved because his screeds against government spending and the ruling political class boosted ratings. At the time, and up until mere months ago, hardly any political expert believed he had a real shot at becoming president of South America’s second-largest economy.A few years ago, Milei was a televisio...
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Argentina Election: How Sergio Massa, Architect of a Grim Economy, Is Boosting Presidential Bid
19Nov By adminNo Comments
World

Argentina Election: How Sergio Massa, Architect of a Grim Economy, Is Boosting Presidential Bid

Listen to article(2 minutes)SAN MIGUEL, Argentina—As a so-called point man for the ruling Peronist political movement, Carlos Coronel does everything from organizing soccer tournaments in the working-class outskirts of Buenos Aires to helping the disabled secure artificial limbs.Now, as Argentina prepares for a presidential election on Sunday, he seeks to collect votes by fanning out across the teeming Rust Belt-like communities of a province whose voters are essential to winning the presidency. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Argentine Markets Drop Sharply After Ruling Party Presidential Candidate Soars
23Oct By adminNo Comments
World

Argentine Markets Drop Sharply After Ruling Party Presidential Candidate Soars

Updated Oct. 23, 2023 2:38 pm ETArgentine stocks, bonds and currency traded sharply lower on Monday after the ruling party’s presidential candidate came out on top in the first round of voting, surprising investors and creating concerns about the continuation of free-spending policies driving triple-digit inflation. Argentina’s bonds fell as much as 10% and were trading around 25 cents on the dollar before bouncing back slightly. The benchmark Merval index of Argentine stocks was down almost 6%. Shares of Grupo Financiero Galicia, a Buenos Aires-based financial services company, shed 4% in New York, while state-owned energy company YPF fell 8% and agriculture firm Cresud was 5% lower. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...
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Argentina’s Ruling Party Candidate Takes Most Votes in Presidential Election
23Oct By adminNo Comments
World

Argentina’s Ruling Party Candidate Takes Most Votes in Presidential Election

Updated Oct. 22, 2023 9:05 pm ETBUENOS AIRES—Sergio Massa, the ruling party’s candidate for president, came out on top in the first round of a presidential election Sunday, beating out a libertarian economist, Javier Milei, who had promised to lay waste to Argentina’s political establishment.With 83.2% of the votes counted, Massa took 36.1% of the votes, defying polls that had predicted Milei would be the victor.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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