Social peace is hardly going to be gained by running down the quality of life
Corporate conduct Sunday, September 25, 2016 Social peace is hardly going to be gained by running down the quality of lifeBy Enrique MartínezFor the HeraldWe are under a government which feels that it is doing what is needed to bring in foreign investment. Nevertheless, one elementary question remains unanswered: What is really needed to count on foreign investment? Social peace in the 1990s was a desperate yearning because the ground had disappeared below our feet. In these historic times, on the other hand, social peace is hardly going to be gained by running down the quality of life, demanded by corporations always on the lookout for big and fast profits who take on governments with the vocation of colonial administrators. The role of foreign investment is to facilitate development when it complements national investment without generating collateral problems, whether currency issues or low wages or environmental pollution.
Source:Bueno Aires Herald
September 24, 2016 22:52 UTC
Learning by failing
Saturday, September 24, 2016 Learning by failingBy Marcelo J. GarcíaFor The HeraldThe Casa Rosada’s press office is doing everything within its reach to show that the President of Argentina is an ordinary family guy. But here’s a piece of bad news for the President: he is not an ordinary guy. This week, he also commented on his conversation with British Primer Minister Theresa May as if he were an ordinary man. Macri is learning the hard way the difference between being a private citizen and a head of state, and he has yet to gauge the concrete weight of his words and actions as a head of State. Yesterday, the government organized a powwow of all its communications team to discuss the way things are going, image-wise.
Source:Bueno Aires Herald
September 24, 2016 04:30 UTC
Chubut first to accept cannabis oil
For medicinal purposes Saturday, September 24, 2016 Chubut first to accept cannabis oilChubut has become the first province to approve the use of cannabis oil in the public health system, ensuring that it will now be stocked in public hospitals for the treatment of epilepsy caused by the Dravet syndrome. The law approved by the Legislature also stipulates that the oil be added into the medication covered by health programmes provided to public employees. A return trip to Buenos Aires from the Patagonian province of Chubut clocks in at well over 3,000 kilometres. Micaela was taking up to 27 pills a day and was suffering up to 10 seizures a day lasting up 35 minutes. Her mother, Carola, said that after discovering cannabis oil as an alternative, “she was hesitant at first to use the altrnative threatments, even after legally acquiring it through an importation process that required an increible about of bureaucratic paperwork.
Source:Bueno Aires Herald
September 24, 2016 01:52 UTC
Los Infernales: Gaucho-Inspired Street Food
Caleb Thornton-Shaw ditches beef in search of something more exotic at Los Infernales, where street food meets wild animals. After an enthusiastic response, owners Mariana, Federico, and Claudio decided to open Los Infernales restaurant in San Telmo. The name Los Infernales is steeped in history and this is why they decided on this name. Los Infernales were an army of brave gauchos, who defended the northern border from the advance of Peru. Each meal has history attached to it and really is a journey between Argentina’s precolonial times to modern day street food.
Source:The Argentina Independent
September 23, 2016 20:37 UTC
Alario sends River into quarterfinals
Soccer — Copa Argentina Friday, September 23, 2016 Alario sends River into quarterfinalsGallardo’s side beats Arsenal 1-0 thanks to the striker’s goalSAN JUAN — River advanced to the Copa Argentina quarterfinals yesterday after beating Arsenal 1-0 at the Bicentenario stadium in San Juan with a goal scored by Lucas Alario. After a fantastic team play, D’Alessandro crossed the ball to Alario, but the striker’s header was blocked by Pellegrino, who was forced to make an acrobatic save. This time, the striker’s header went close to the left post. Ignacio Fernández crossed the ball, Pellegrino failed to catch it and Alario took the rebound to send it home. River fielded: Augusto Batalla; Jorge Moreira, Jonatan Maidana, Arturo Mina, Milton Casco; Leonardo Ponzio, Ignacio Fernández; Andrés D’Alessandro, Gonzalo Martínez; Sebastián Driussi and Lucas Alario.
Source:Bueno Aires Herald
September 23, 2016 01:41 UTC
Marketing to Make you Sick: Coca Cola in Argentina’s Schools and Hospitals
How did Coca Cola get into public hospitals in Argentina? Coca Cola in red and, at the bottom, the typical white for the doctor to prescribe… what? Everyone who came across them is surprised and deem it almost offensive at first (‘Coca Cola entering hospitals!’). The first time that Vanesa Miquel encountered this issue was through a colleague that had contracted by Coca Cola. And if they were to propose it to me, I wouldn’t allow them access.”Is there any agreement between Coca Cola and the public sector in Argentina?
Source:The Argentina Independent
September 22, 2016 16:48 UTC
INDEC: retail sales remain below inflation
Thursday, September 22, 2016 INDEC: retail sales remain below inflationConsumption is still growing below inflation levels, the INDEC statistics bureau said yesterday, as supermarket sales rose by 30 percent on the yearly comparison while shopping centre purchases were only up by 28 percent, both below the roughly 40 percent price hikes registered over the last 12 months.
Source:Bueno Aires Herald
September 22, 2016 05:43 UTC
Cheap credit continues as US Federal Reserve keeps interest rates low
Hike could come in December Thursday, September 22, 2016 Cheap credit continues as US Federal Reserve keeps interest rates lowWASHINGTON — The United States central bank, also known as the Federal Reserve, announced yesterday that it is keeping its key interest rate unchanged, but signalled that it will likely raise rates before year’s end. The move is significant for the future of the Argentine and global economy, as low interest rates help push stocks, bonds and other assets up while keeping borrowing costs low. Hike expected in DecemberMost analysts have said they think the Fed will next raise rates in December. In her news conference, Yellen offered a simple explanation for why the Fed didn’t raise rates: The economy can still grow without hurting itself. The Fed chair noted that historically low rates haven’t caused the economy to overheat as some analysts feared they would.
Source:Bueno Aires Herald
September 22, 2016 05:38 UTC
Argentine business moguls appear in Bahamas leaks
Industry, energy and media leaders represented Thursday, September 22, 2016 Argentine business moguls appear in Bahamas leaksIt wasn’t just prominent politicians and their families that appeared in yesterday’s data leak of firms in the Bahamas Islands. A series of prominent Argentine businessmen were also mentioned in relation with offshore societies in the Bahamas, according to the data released by the International Consortium of Investigative Journalists (ICIJ). The Italo-Argentine multinational Techint has a branch in the Bahamas called Techint International Construction Corp (Tenco), the La Nación daily reported yesterday. “It was created with the goal of doing engineering and construction works outside Argentina,” Techint said when asked about the reason for opening an offshore branch. The same was true of Antonio Tabanelli, founder of gaming firm Boldt, whose Bahamas outlets were already public.
Source:Bueno Aires Herald
September 22, 2016 05:38 UTC
Manchester City marches on with 2-1 victory over Swansea
English league cup Thursday, September 22, 2016 Manchester City marches on with 2-1 victory over SwanseaLONDON — Manchester City reached the fourth round of the League Cup with a 2-1 win over Swansea City yesterday as it continued its imperious start to the season under Pep Guardiola with a ninth straight win in all competitions. It was a less straightforward evening for City’s rival Manchester United, which was given a testing workout by third tier Northampton Town before goals from Ander Herrera and Marcus Rashford wrapped up a 3-1 win. Charlie Austin and Jake Hesketh were on target for Southampton as it beat Crystal Palace 2-0 in an all-Premier League tie while Sunderland’s Paddy McNair scored twice in a 2-1 win over Championship side Queens Park Rangers. Hull City booked its spot in the next round after coming from behind to beat struggling Stoke City 2-1 thanks to a stoppage-time winner from Markus Henriksen. Bristol City beat Fulham 2-1.
Source:Bueno Aires Herald
September 22, 2016 01:30 UTC
Independiente fails to score at home
Soccer — South American Cup Thursday, September 22, 2016 Independiente fails to score at homeIndependiente wasted a couple of good scoring chances in the second half, managing only a 0-0 draw with Chapecoense of Brazil at the Libertadores de América stadium in Avellaneda, in the first leg of the South American Cup last 16 round. The plan was to wait for an Independiente player, win the ball and create counterattacks. The Reds did not have their best game since coach Gabriel Milito took charge. Independiente improved in the second half with Emiliano Rigoni participating in the best moves. However, Chapecoense almost took the lead in the 64th minute with a long shot that deflected on defender Nicolás Figal and went over the bar.
Source:Bueno Aires Herald
September 22, 2016 01:30 UTC
8 Mile director, Oscar-winning writer Curtis Hanson dies
Thursday, September 22, 2016 8 Mile director, Oscar-winning writer Curtis Hanson diesBy Andrew DaltonAPLOS ANGELES — Curtis Hanson, who won a screenwriting Oscar for L.A. Paramedics declared Hanson dead at his Hollywood Hills home late Tuesday afternoon, Los Angeles police spokesman Tony Im said. I’m lucky I got to know him.”A native of Reno, Nevada, who grew up in Los Angeles, Hanson dropped out of high school to work as a photographer, writer and editor for the magazine Cinema. The film starring Rebecca De Mornay as a revenge-seeking nanny became a major hit. Hanson was nominated for best director and the movie for best picture.
Source:Bueno Aires Herald
September 22, 2016 01:30 UTC
PDVSA awards oil contracts worth US$3.2B
Thursday, September 22, 2016 PDVSA awards oil contracts worth US$3.2BThe logo of the Venezuelan state oil company PDVSA is seen at a gas station in Caracas. In a similar tender renewed this year, Schlumberger NV , Oklahoma-based Horizontal Well Drillers and Venezuelan contractor Y&V won contracts to drill a total of 480 wells at three joint ventures between PDVSA and foreign partners. “Investment amounts to US$3.2 billion, which demonstrates the strength of PDVSA and shows trust in the national oil company,” PDVSA said in a statement. FINE PRINTAfter the Trenaco episode caused friction with partners, PDVSA revived the sunk deal but separated it into six four-year contracts of around 100 wells each. The second of two contracts at Petrocarabobo was not awarded because no valid bid was received, two sources said.
Source:Bueno Aires Herald
September 22, 2016 00:33 UTC
Google launches new Allo messaging app
Thursday, September 22, 2016 Google launches new Allo messaging appGoogle-parent Alphabet Inc launched Allo, a messaging app that incorporates Google’s search feature and a chatbot that uses machine learning to “improve” itself over time. The new messaging service, which was unveiled in May, will compete with Facebook Inc’s WhatsApp and Messenger. The much-anticipated launch comes a month after Google rolled out Duo, its video calling app. Allo features a chatbot powered by Google Assistant, a virtual personal assistant like Apple Inc’s Siri. Google has started rolling out Allo and said the app would be available worldwide in the next few days.
Source:Bueno Aires Herald
September 21, 2016 23:48 UTC
Foreign sector deficit keeps raising worries
Wednesday, September 21, 2016 Foreign sector deficit keeps raising worriesArgentina is still struggling to balance cash inflows and outflows despite the recent devaluation, the latest report from the INDEC statistics bureau showed yesterday. The country posted a current account deficit of US$2.7 billion in the second quarter of 2016, the bureau said yesterday, with financial inflows — mostly debt — compensating for a net loss elsewhere. Overall, US$2.6 billion were wired abroad under different forms of return of investment, an amount very close to the overall current account deficit. The current account is the broadest measure of a country’s foreign transactions encompassing trade, services, and an array of financial flows, including interest payments. Now, even after stabilizing the macroeconomy we are depending on debt to keep the economy a float,” Castiñeira argued.
Source:Bueno Aires Herald
September 21, 2016 01:30 UTC