U.S. Judge Loretta Preska ruled against Argentina this Friday in the YPF expropriation payout trial. The judge’s ruling also means that the highest P/E ratio proposed is the valid one. Preska sided with Burford and decided the interest rate should be 8%. The judge ruled that April 16 be taken as the reference date and that the interest rate is 8%, which means Argentina will have to pay close to US$16 billion. Argentina, on the other hand, requested May 7 be used as the reference date and a 0% interest rate.

September 08, 2023 21:51 UTC

“The major political film of our times,” according to the Village Voice’s 1978 review, The Battle of Chile gives a real-time, on-the-ground account of the events surrounding General Augusto Pinochet’s bloody, US-backed coup. Fifty years later, the three parts of this rarely-screened masterpiece will premiere on September 8 at the Brooklyn Academy of Music (BAM) in a restored print. The Battle of ChileAfter being held by the military for ten days in the concentration camp that operated inside Santiago’s National Stadium, Guzmán fled Chile into exile. The Battle of Chile will have a weeklong run at BAM Rose Cinemas in New York City, followed by the Harvard Film Archive in Boston, the Roxie Theater in San Francisco, and other cities. Completed before the coup, the film was released in 1972 in Chile, but most of the prints were lost or destroyed once the military took power.

September 08, 2023 11:07 UTC

Lionel Messi, Emiliano Dibu Martínez, Lautaro Martínez and Julián Álvarez are among the candidates to win the Ballon d’Or, the award crowning the best player of the past season. Lionel Messi is expected to be in contention for the award once the list is shortened to the three finalists. Although he struggled to make an impact with Paris Saint Germain, the 36-year-old captained his country to World Cup glory in Qatar 2022 and was chosen the best player of the tournament. It would be a record-setting eight Ballon d’Or win for Messi, who recently admitted that after winning the World Cup, he doesn’t think much about individual awards. Goalkeeper Dibu Martínez was Argentina’s second most important player in the World Cup.

September 07, 2023 13:18 UTC

Exporters in Argentina are required to convert all their export earnings into pesos at the official exchange rate, which is currently frozen at AR$350 until October. However, the wide gap between the official rate and the financial exchange rates often prompts producers to hold stock in expectations that the official rate will decline. According to the decree published in the Official Bulletin, 75% of export earnings will enter the country in dollars and be liquidated in pesos at the official exchange rate. For the remaining 25%, exporters will be able to access dollars (without exchanging them for pesos) but only if they use those dollars to purchase soybeans to produce oil or pellets. Tthe official exchange rate at the time was AR$214.

September 06, 2023 13:03 UTC

As the sun set behind the Buenos Aires Obelisk, dozens of tango dancers from around the world turned the avenue Diagonal Norte into a milonga on Saturday afternoon for the final of the Tango World Cup. Duo Suyay Quiroga and Jhonny Carvajal, representing Buenos Aires City, won the classic tango (tango de pista) category. Julián Sánchez and Bruna Estellita, also representing the capital, were the champions of stage tango (tango de escenario), the more acrobatic variant in which participants are allowed to jump and break their embrace. “It’s more unstructured, or less uniform.”Finalists dance tango in front of the Obelisk in Buenos Aires. Brizzi believes the quality of the acts on display in Buenos Aires this week shows that tango is flourishing around the world.

September 05, 2023 15:03 UTC

A group of priests of low-income neighborhoods of Buenos Aires City and the Greater Buenos Aires will celebrate a mass on Tuesday “as a redress for the aggressions” against Pope Francis during the presidential primary’s campaign, particularly by La Libertad Avanza (LLA) presidential candidate Javier Milei. The mass was backed by the bishop of Buenos Aires, Monsignor Jorge Ignacio García Cuerva, and will be held by bishop Gustavo Carrara, general vicar of the archdiocese and head of the Pastoral de las Villas (Pastors of the villas.) The priests also questioned the candidate’s stand against the State intervening with policies that favor the most socially disadvantaged sectors of the country. “All of us, who live in a villa, in a low-income neighborhood, are well aware of how important it is that the State be present. Whether it is through a healthcare facility, a public school, laying asphalt on dirt roads, or providing clean water.

September 05, 2023 15:02 UTC

The Argentine Industrial Union (UIA, by its Spanish initials) will pay its workers the two AR$30,000 bonuses mandated by the government. Despite the unease the measure has caused in the business world, UIA President Daniel Funes de Rioja said on Sunday that his manufacturing industry federation would “protest, but pay”. He was speaking at a celebration for the Day of Industry in Entre Ríos province, which was also attended by Economy Minister Sergio Massa. On August 27, Massa announced that formally employed workers with monthly salaries of up to AR$400,000 will receive AR$60,000. The bonus is currently worth US$171 at the official exchange rate and US$89.50 at the MEP dollar rate.

September 05, 2023 01:41 UTC

The Spanish word for “puddle” or “pond,” “charco,” is a colloquialism people in Latin America commonly use to describe traveling between America and Europe. Born in Buenos Aires as the daughter and granddaughter of bookshop owners, she settled in the United Kingdom, where she earned a PhD in Latin American literature from the University of Edinburgh. “The idea behind publishing contemporary literature was to intervene in this sort of stalled status quo.”“What is Latin American literature in the minds of English-speaking readers? I think that combination works.”Orloff also noted that the way Latin American literature handles certain topics like politics is especially interesting to foreign readers. “Ideologically, it’s something we feel we have to do.”That commitment is not limited to offering a representative selection of contemporary Latin American literature.

September 04, 2023 22:17 UTC

Vaccarini was 22 when she was abducted on May 16, 1977, and three months pregnant at the time. Girardi, who was between four and six months pregnant, had been a militant in the PRT-ERP for 20 years when she was abducted at her home in Rosario. The genocidaires threw people into the sea and kept pregnant women alive before murdering them. They riddled pregnant women with bullets, sometimes in their stomachs, as in the cases of Dora Elena Vargas, Olga Liliana Vaccarini, and Hilga Margarita Farías. They also shot women who were showing, like Liliana Beatriz Girardi, who was six months pregnant.

September 03, 2023 16:57 UTC

She is not alone — “polyworking” (having multiple jobs instead of a single full-time occupation) is a growing world phenomenon. “It is more common to find a person with more than one job than someone who is unemployed,” the report says. Polyworking, the report found, is not necessarily associated with the objective of shoring up income to avoid falling below the poverty line. “Technically I could live with only the union job, but I’d barely make ends meet, and I don’t want to. “It seems that the times where having a registered job used to be a kind of panacea are no more.”

September 03, 2023 16:56 UTC

The government raised AR$464 billion through peso securities in the local market in an off-schedule auction that took place on Friday. The goalwas to finance the relief measures announced last week to counterbalance the economic impact of the 22% devaluation the government implemented the day after the primary elections. Among the measures announced by Economy Minister Sergio Massa last Sunday are bonuses and loans for workers, pensioners and welfare recipients, as well as price freezes and tax breaks for farmers and the self-employed, among others. “Almost all of the awarded bids came from the private sector, with the participation of a broad base of investors, which made it possible to obtain financing in excess of the expected $100 billion,” added Setti. Economist Leandro Ziccarelli said on Twitter that the collected amount is “a little more than half of what the measures announced over last weekend will cost.”As per the current schedule, the next auction will take place on September 14.

September 02, 2023 19:02 UTC

A 4.5-kilometer “wall of shame” separating luxurious estates in Peru’s capital Lima from neighboring communities living in poverty is being torn down after some four decades, though divisions remain strong. The group was largely destroyed in the 1990s, but the wall dividing La Molina and the poorer Villa Maria del Triunfo remained and has grown in size. Francisco Dumler, the municipal manager of the La Molina, said residents would comply with the ruling but the demolition could take time due to unforeseen costs. “It must also be made clear that there is no possibility of building paths or any kind of vehicle access to allow crossings directly into La Molina from Villa Maria del Triunfo,” he said. La Molina boasts lush parks and large residences that can cost several millions of dollars.

September 02, 2023 15:45 UTC

Patricia Bullrich, presidential candidate for Juntos por el Cambio (JxC), has found herself in the unenviable position of fighting a two-front battle in the runup to October 22. Meanwhile, Sergio Massa, Economy Minister and candidate for the ruling Unión por la Patria, is battling her for the center ground. She has tapped economist Carlos Melconian, a former Banco de la Nación Argentina president, as her prospective economy minister and has moderated her traditionally combative rhetoric. Hoping he can breathe some lucidity into her policy platform, Bullrich last week announced Melconian as her pick for economy minister. In line with her appointment of Melconian, Bullrich has shifted her post-primary tone.

September 02, 2023 08:06 UTC

Libertarian economist Javier Milei is still the most voted candidate, but his total vote count has dipped below 30%. The final numbers mean there is a difference of just 2.6 percentage points between the three main coalitions. The official tally, which starts 48 hours after the election, is done counting the official voting acts certified at each voting station. The provisional count, on the other hand, is done on the same day of the election based on information sent by voting stations to the Interior Ministry via telegram. The official vote count all voting stations, including the ones that were not accounted for in the earlier count.

September 01, 2023 20:01 UTC

Landmark pieces by Argentina’s top 20th-century painters, galleries from all over the country, and emerging artists will all converge this weekend at arteba, Argentina’s storied art fair. The 2023 edition, which runs through Sunday, September 3, at the Costa Salguero Center in Buenos Aires, will feature upwards of 400 artists from 58 art galleries across more than 15 cities. “It’s the first time ever that an art space from El Calafate, in Santa Cruz, has attended the fair,” gallery director Toia Ibáñez said. “I don’t usually work with such a contemporary thing, but people like them a lot, especially younger buyers.”Argentina’s current political-economic tensions have, of course, filtered into local artists’ work. “Argentine art pieces are very affordable in comparison with the rest of the region.

September 01, 2023 15:56 UTC