Tens of thousands of jobs have been cut in construction alone. Milei wants to slash spending to erase an entrenched fiscal deficit and loosen labor protections to spur investment. At least 50,000 construction workers lost their jobs between November and February, with industry bodies saying it could now be closer to 100,000. “We knew that if this government came in, they wouldn’t invest money in civil works,” said Vazquez, who did not vote for Milei. Milei, who has shut or downgraded ministries including the Transport Ministry and Public Works Ministry to cut costs, has repeatedly presented the private sector as a solution, but Camarco counters that it cannot replace state investment.
Source:Bueno Aires Herald
May 23, 2024 12:47 UTC
The government announced a 270% budget increase for national public universities aimed at covering operational costs. Public universities consulted by the Herald said they still haven’t received any official communication on this. Public universities, like the rest of the public sector, started off the year with the same budget they had in 2023, given that Congress did not approve a new national budget for 2024. Hours before the April 23 march to defend public education, all public universities received a 70% budget increase for operating costs for the remainder of the year. The first would issue a public education budget emergency and automatically increase public universities budget, while the second would permanently establish the Teachers’ Incentive National Fund (FONID in Spanish).
Source:Bueno Aires Herald
May 22, 2024 21:42 UTC
After months of relative calm, the informal U.S. dollar rate, or “blue dollar,” jumped by 9.8% this week. The blue-chip swap rate, a financial rate used in bond exchanges known as contado con liqui in Spanish, increased by 8.3% in the same period. With the jump, the “blue dollar” is at AR$1,230 per unit, close to its all-time high of AR$1,250 in January. The blue-chip swap rate is AR$1198. “There was a wide spread between the peso rate and the devaluation rate,” Repetto added.
Source:Bueno Aires Herald
May 22, 2024 07:27 UTC
President Javier Milei said the May Pact will be postponed until his flagship reform bill known as Ley Bases is approved in Congress. “There won’t be a May Pact because the Ley Bases will not be approved by [May 25],” Milei said Monday night during an interview with TN news channel. Milei had announced his intentions of meeting with all governors and several political leaders on May 25 during his opening speech before Congress. “There’s not enough time for the bill to be approved now,” Milei said. Given the reforms he wants to make are long-term, Milei said, signing the pact later on won’t be a major issue.
Source:Bueno Aires Herald
May 22, 2024 07:27 UTC
Argentina men’s national football team head coach Lionel Scaloni has released the 29-player list for the team’s preparation friendlies ahead of the 2024 Copa América. “The tour before a cup is key, because that’s when you make the last adjustments,” Scaloni told the MLS Español social media channels on Tuesday. Scaloni highlighted that most players are coming from a highly demanding season, so his work will focus on team-building. “When teams face Argentina, they face the champions, but it changes nothing for us,” said Scaloni. “Wearing this kit means we go out to win every game and that won’t change.”Argentina is the Copa América defending champion, after winning the title in Brazil in 2021.
Source:Bueno Aires Herald
May 21, 2024 18:34 UTC
We demand answers. Until when are we going to have to march, demanding the truth of what happened to our relatives?” he asked. In spite of the popular support, Montes de Oca remarked that there are still no answers from the Army or the state. Mujica’s own sister-in-law, former member of the Movimiento de Liberación Nacional-Tupamaros (MLN-T) María Topolansky, sister of former Vice President Lucía Topolansky, criticized the pair in a press conference. “They also made a mistake, beyond the fact that my sister is vice president and he is my brother-in-law.
Source:Bueno Aires Herald
May 21, 2024 16:03 UTC
He was born in approximately 1422 and died in 1491: when the language spoken in England was only just recognizably the English language we use today. Myriad books delve into different aspects of the English language today. I quoted Richelieu above as having said that language “describes good usage and defends this from all causes of corruption.” But language is organic. There is nothing teleological about language change — it merely happens. In the same way that the tide comes and goes, so language changes, but the tide never gets anywhere, never stops, it just ebbs and flows.
Source:Bueno Aires Herald
May 21, 2024 07:37 UTC
Although there can be more than one union per working sector, only one is formally authorized to participate in collective labor negotiations. Labor conditions — known as convenio colectivo de trabajo — from a certain sector can only improve compared to what the Labor Contract Law states,” he explained. How do labor negotiations work? Although these meetings can address specific labor conditions, updating salaries has become increasingly prevalent in recent years due to sky-rocketing inflation. When unions and employers don’t sit down for negotiations, labor conditions established in previous meetings remain in place, including salaries.
Source:Bueno Aires Herald
May 21, 2024 07:37 UTC
My design ensures that tools are easy to use while also preventing them from being dropped.”The invention provides a modified design for a hand tool. In doing so, it enables the user to easily place and retrieve the tool from magnetic surfaces. The invention features a durable design that is easy to use so it is ideal for trade workers and do-it-yourselfers. The original design was submitted to the Austin sales office of InventHelp. View original content to download multimedia:https://www.prnewswire.com/news-releases/inventhelp-inventor-develops-modified-design-for-hand-tools-asp-345-302148570.htmlSOURCE InventHelpDisclaimer: The above press release comes to you under an arrangement with PR Newswire.
Source:The Bubble
May 20, 2024 16:12 UTC
As part of these filings, Red Lobster has entered into a stalking horse purchase agreement pursuant to which Red Lobster will sell its business to an entity formed and controlled by its existing term lenders. Red Lobster’s restaurants will remain open and operating as usual during the Chapter 11 process, continuing to be the world’s largest and most-loved seafood restaurant company. About Red Lobster Seafood Co.Red Lobster is where the world goes for seafood, now and for generations. To learn more about Red Lobster, including locations and menu options, please visit http://www.redlobster.com or find us on Facebook, X, Instagram or TikTok. Media[email protected]View original content to download multimedia:https://www.prnewswire.com/news-releases/red-lobster-files-voluntary-chapter-11-petitions-to-strengthen-financial-position-and-maximize-value-for-stakeholders-302149769.htmlSOURCE Red Lobster Seafood Co.Disclaimer: The above press release comes to you under an arrangement with PR Newswire.
Source:The Bubble
May 20, 2024 15:50 UTC
The diplomatic row between Argentina and Spain has deepened. Before his meeting with Bosch, Albares told Spanish outlet Cadena Ser Spain could break diplomatic ties with Argentina if Milei does not apologize. Diplomatic relations between Spain and Argentina have swiftly gone south since Milei appeared as one of the main speakers at an event organized by the far-right Spanish political party, Vox. Interior Minister Guillermo Francos likewise said that Milei would not apologize during an interview with news channel TN Sunday night. “The lion has returned, surfing a wave of socialist tears,” Milei posted on X Monday morning after flying back to Argentina.
Source:Bueno Aires Herald
May 20, 2024 14:00 UTC
In his speech, the president slighted the country’s Prime Minister Pedro Sánchez, reigniting tensions from earlier this month by describing Sánchez’s wife Begoña Gómez as “corrupt”. “With his behavior, Milei has pushed the relationship between Spain and Argentina to its most critical point in recent history,” Albares said, adding that Spain is demanding a public apology from Milei. Two weeks ago, Madrid and Buenos Aires had already traded barbs after Spanish Transport Minister Oscar Puente suggested Milei was a drug user. Milei’s office released a statement condemning the remarks and accusing Sánchez of carrying out policies that have brought “death and poverty” to Spain. You may also be interested in: Milei says Spain’s Sanchez brings ‘death and poverty’ after drug use jibe
Source:Bueno Aires Herald
May 20, 2024 05:04 UTC
In a video shared by former Human Rights Secretariat Horacio Pietragalla, dozens of people can be seen singing a military march for an Argentine Navy Day event. Cosas que pensábamos que no íbamos a volver a ver! Marchas militares que se cantan por graduados de la marina en el espacio de la memoria Ex ESMA al lado del mástil. Nearly 5,000 people were detained and disappeared at the Officers’ Quarters building in the former ESMA between 1976 and 1983. Since 2004, the grounds and its buildings have become a memory site and are not used by the military anymore.
Source:Bueno Aires Herald
May 20, 2024 02:27 UTC
The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=23854 or call Phillip Kim, Esq. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
Source:The Bubble
May 19, 2024 21:32 UTC
Hundreds of protesters in Peru’s capital marched on Friday to demand the scrapping of a new law that describes transgender people, among others, as having a mental illness so they can access health benefits. The protesters reached the health ministry offices, but no clashes were reported. “We’re not going to let them.”Critics of the law have argued that its update of the country’s PEAS health regulations was unnecessary since existing rules already allowed for universal access to mental health services. In a statement released shortly after the law was promulgated, the health ministry insisted that it rejects the stigmatization of LGBTQ+ people and that the legal language simply seeks to ensure more complete health coverage. Despite the ministry’s argument, the protesters were not persuaded and some medical experts advocated for the law to be corrected via an amendment.
Source:Bueno Aires Herald
May 19, 2024 11:04 UTC