Milei’s government reduces ministries and secretariats by 50%
President Javier Milei’s government reduced the number of ministries and secretariats by 50% and 49%, respectively, to cut public spending, presidential spokesman Manuel Adorni said in a press conference on Tuesday morning. “There’s no money, and that has to be reflected in concrete measures like the [presidential decree that modifies the number of] ministries and the reduction of state structure,” Adorni said. According to newly appointed Unión por la Patria national deputy Julia Strada, the elimination of the nine ministries, 50 secretariats, and 42 undersecretariats Adorni announced means a reduction of AR$3.2 billion in public expenditure. La eliminación de 9 cargos de rango ministerial, 50 secretarías y 42 subsecretarías suma cerca de $3.200 millones (sueldos + cargas sociales). On the other hand, the spokesman revealed that Economy Minister Luis Caputo will not offer a live press conference to announce his first economic measures.
Source:Bueno Aires Herald
December 12, 2023 14:35 UTC
Milei’s cabinet focuses on spending cuts, state contract review in first meeting
President Javier Milei’s first cabinet meeting focused on the “reorganization of the state,” primarily through large public spending cuts and revising the contracts of all state employees to “detect irregularities,” presidential spokesperson Manuel Adorni said during brief remarks to press at the Casa Rosada presidential palace. “The financial disarray was the headline of the meeting,” Adorni said. The Herald also saw future Central Bank chief Santiago Bausili enter the Casa Rosada minutes before the meeting started. The government will move forward with “large fiscal cuts with certain expansion in social [welfare] spending,” which will be accompanied by “eliminating privileges,” Adorni said during the press conference. The government will also require public employees to work all of their hours in person from now on, Adorni said.
Source:Bueno Aires Herald
December 11, 2023 15:26 UTC
Argentina’s Central Bank halts exchange operations until new team arrives
Argentina’s Central Bank announced on Monday morning that any foreign exchange operations in the official currency market would require “prior approval,” meaning that the day will, in practice, be an exchange holiday. Central Bank sources told the Herald that the institution’s new authorities have yet to take office and the resignations of the outgoing administration have yet to be accepted. For that reason, the current Central Bank president, Miguel Pesce, will continue to serve until the arrival of Santiago Bausili, who is new Economy Minister Luis Caputo’s man. “The measure was passed in order to give the Executive Power time to comply with the administrative procedures to consolidate the new authorities and implement the policies it will pursue,” the Central Bank wrote in a statement. The decision was taken by the Central Bank in the face of the situation this Monday, in which the resignations of the outgoing team have yet to be accepted and the incoming authorities have not yet arrived to take over.
Source:Bueno Aires Herald
December 11, 2023 13:43 UTC
The enmity and the ecstasy of Javier Milei’s inauguration
“Milei was the only person who told it how it is, simply and easily,” she told the Herald. The state has killed us.”Asked what she made of Milei’s proposal to create a marketplace for human organs, Gianderetti waved her hands. The applause was deafening, the crowd alternating between cheers of “Pre-si-dente” and “Ole, ole, ole, ole, Milei, Milei.”“Hola a todos (hello everyone),” he began with a growl and a mischievous smile. His definition of liberalism has become a staple of Milei’s speeches, with members of LLA reciting his words as if in prayer. The crowd answered him right back: “Viva!”You may also be interested in: Milei’s reduced cabinet sworn in without press present
Source:Bueno Aires Herald
December 11, 2023 05:32 UTC
Zelenskyy and Milei embrace, show friendship on inauguration day
In a protocol reception of foreign dignitaries on inauguration day, Ukrainian President Volodymyr Zelenskyy walked up and greeted Argentina’s new President Javier Milei at the Casa Rosada. With Foreign Minister Diana Mondino looking on, Milei gave Zelenskyy a nine-headed candelabra known as a menorah in honor of Hanukkah. Volodymyr Zelenskyy is in Argentina for Milei's inauguration 🇺🇦👉 As president, Milei's first bilateral meeting with another head of state will be with Zelenskyy. Just a clear support for Ukraine,” Zelenskyy said, referencing Milei’s support for his country. You may also be interested in: Trump, Bolsonaro and Vox’s Abascal congratulate Javier Milei
Source:Bueno Aires Herald
December 11, 2023 01:08 UTC
Alberto Fernández bids his presidency farewell: 'We did not achieve our goals'
“We know that we did not achieve the goals we set ourselves out to accomplish, like strengthening income, fighting inflation, and reducing poverty,” Fernández said. When he took office in 2019, yearly inflation was running at 53.8%. He estimated that, thanks to the Néstor Kirchner gas pipeline, the government will save US$5 billion in liquefied gas imports and that by 2030, total exports will have grown by 80%. Fernández thanked his team, remembered former President Néstor Kirchner, and recognized former president and current Vice-President Cristina Kirchner, whom he is not on speaking terms with. In October, Kirchner distanced herself from Fernández, saying that the current administration is not hers.
Source:Bueno Aires Herald
December 10, 2023 12:09 UTC
40 years later, a look back at the day Argentina recovered democracy
The day is December 10, 1983, a few hours before Alfonsín is set to become Argentina’s president following a brutal 8-year-long dictatorship. “To the pitch, president.”Bugge was only 27 when he was assigned to shadow Alfonsín that day. A period of violence comes to an endDemocracy returned to Argentina in 1983 after eight years of a bloody and violent military dictatorship that kidnapped, tortured, and disappeared 30,000 people. The military dictatorship wanted to stretch its time in power until January or May of the following year, but Alfonsín demanded Bignone hand over the presidency before. Forty years later, it’s still a tradition that Argentine presidents are inaugurated on that day.
Source:Bueno Aires Herald
December 10, 2023 12:09 UTC
Studies Highlight Impacts of Applying New Technologies in Everyday Care
The fourth study offers promising findings from a study applying CD19-targeting chimeric antigen receptor (CAR) T-cell therapy to serious autoimmune diseases. They then tested the algorithm’s ability to tell the two types of MPNs apart in biopsies from 26 patients in Florida. “If you were to ask patients about their sickle cell disease care in the clinic, it is likely you would get a filtered response. Additional studies are being planned to further assess the use of intravenous and oral formulations of arsenic trioxide as frontline treatment for APL. Two new journals will be joining the Blood Journals portfolio in 2024, Blood Neoplasia (bloodneoplasia.org) and Blood Vessels, Thrombosis & Hemostasis (bloodvth.org).
Source:The Bubble
December 10, 2023 09:30 UTC
WORKS Announces New Executive Director
Following a thorough search led by Envision Consulting, WORKS welcomes Davis as the successor to Channa Grace, who served as the organization’s leader for nearly 25 years. Mary-Jane Wagle, Board Chair, expresses excitement, stating, “Monique Davis’s energy, vision, and extensive leadership experience in nonprofit organizational development, affordable housing, and supportive services will fortify WORKS, propelling it to new heights.”Davis brings a wealth of expertise in affordable housing development, fundraising, and community partnerships. Our shared values and commitment to providing affordable housing create an exciting opportunity to expand our mission. Monique Davis’s selection as WORKS’s Executive Director follows an exhaustive search facilitated by Envision Consulting. Her appointment signals a new chapter for WORKS as it continues its mission to provide affordable housing and foster community growth.
Source:The Bubble
December 10, 2023 09:28 UTC
AJAX TAKES A STAND AGAINST SOCIAL HATE
AMSTERDAM, Dec. 9, 2023 /PRNewswire/ — Every month, players from Ajax Amsterdam’s men’s and women’s teams receive more than 1,500 hate messages on social media. Research shows that 82% of Dutch people are affected by reading hate messages or offensive comments on social media. This means that social media users unknowingly contribute to an environment in which social hate is becoming increasingly normalised. With its #SilenceSocialHate initiative, Ajax wants to start a discussion on the impact of social hate and how we can silence it together. By ensuring that hate messages are reported more often, it increases the pressure on social media platforms to remove the offensive content and improve their response to social hate.
Source:The Bubble
December 09, 2023 21:19 UTC
Gas prices rose by up to 30% days before Milei's inauguration
Oil companies increased fuel prices by up to 30% on Friday, with state-owned YPF showing the highest price jump so far. Sources from the sector told the Herald that Shell oil company kicked off the wave of price increases with a 15% jump in the morning, with YPF following suit at noon. Buenos Aires YPF gas stations now charge AR$404 for super gasoline, AR$499 for premium gasoline, AR$431 for diesel, and AR$543 for premium diesel. President-elect Javier Milei appointed Horacio Marín as the new CEO of YPF. Marín is an engineer who worked in the Techint group.
Source:Bueno Aires Herald
December 09, 2023 09:29 UTC
Madoff Trustee Requests Allocation of More Than $66 Million to Customer Fund and Court Approval to Distribute More Than $45 Million to BLMIS Customers with Allowed Claims
The aggregate amount distributed to eligible BLMIS customers will total approximately $14.43 billion, including approximately $849.9 million in advances committed by SIPC. As of October 31, 2023, the SIPA Trustee has recovered or reached agreements to recover approximately $14.608 billion. All trustee, legal, and accounting fees, as well as administrative expenses, are paid by SIPC. The Fifteenth Customer Fund Allocation and Distribution Motion can be found on the United States Bankruptcy Court’s website at http://www.nysb.uscourts.gov/; Bankr. It can also be found on the SIPA Trustee’s website along with more information on the BLMIS liquidation at: www.madofftrustee.com.
Source:The Bubble
December 08, 2023 15:21 UTC
Keywords to understand China: Global Civilization Initiative
AdvertisementBEIJING, Dec. 7, 2023 /PRNewswire/ — This is a report from China SCIO:Keywords to understand China: Global Civilization Initiativehttp://english.scio.gov.cn/videos/2023-11/16/content_116820078.htmView original content to download multimedia:https://www.prnewswire.com/news-releases/keywords-to-understand-china-global-civilization-initiative-302008588.htmlSOURCE China SCIODisclaimer: The above press release comes to you under an arrangement with PR Newswire. Bubblear.com takes no editorial responsibility for the same.
Source:The Bubble
December 07, 2023 20:43 UTC
OSC publishes 2023 Corporate Finance Branch Report
AdvertisementTORONTO, Dec. 7, 2023 /CNW/ – The Ontario Securities Commission (OSC) today published its annual Corporate Finance Branch Report , an important resource to help issuers and their advisors with their reporting obligations. This report is one aspect of our ongoing communications regarding compliance, trends and market observations,” said Winnie Sanjoto, Director, Corporate Finance at the OSC. OSC Staff Notice 51-735 Corporate Finance Branch 2023 Annual Report is available on the OSC’s website. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca . Follow us on XFollow us on LinkedInSOURCE Ontario Securities CommissionDisclaimer: The above press release comes to you under an arrangement with PR Newswire.
Source:The Bubble
December 07, 2023 20:42 UTC
Energy Department Secretary to head US government delegation at Milei’s inauguration
The United States government announced that Energy Department Secretary Jennifer Granholm will head the US delegation that will travel to Argentina for president-elect Javier Milei’s inauguration on Sunday. President Joe Biden had already said he would not be able to assist due to previous commitments on his agenda. In addition to Granholm, the U.S. delegation will also include Under Secretary of Transport Policy Carlos Monje, Assistant Secretary of Energy for International Affairs Andrew Light, and National Security Council senior director for the western hemisphere Juan González. Ambassador to Argentina Marc Stanley, who joined Milei on his trip to meet with White House, Treasury, and IMF officials, will also be part of the delegation. You may also be interested in: Milei says Elon Musk could visit Argentina in 2024
Source:Bueno Aires Herald
December 07, 2023 16:23 UTC