Buenos Aires, Argentina — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation. The price freeze applies to every product in all of the nation´s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies´ trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government´s news agency Telam reported.
Comments: This is the next step after a spendthrift government doesn´t change course. After stiffing bondholders and raiding pension plans, Argies are now going to see empty supermarkets.
The IMF also censured Argentina for putting out inaccurate economic data. Has the IMF has noticed that the US has been running (down) without a budget for four years and Barry Peron Øbama has just missed the deadline for submitting the next one?
I remember when this worked so well under Nixon. Except instead of decreasing gas lines, it made them worse. Man, it won´t be long before we have a huge Argentina version of the Animal House food fight.
This is getting ready to hit the US next year when Obamacare cuts payments to Doctors and other medical service providers - they´ll stop providing the service, they´ll retire, they´ll work a day less a week, etc.
#4 beat me to it. Price freezes don´t address the problem (central bank monetary policy), they only make it impossible to do business, and shortages result. It wouldn´t surprise me if this budding Eva Peron is clueless to the history of price controls. A remarkable picture of this occurred in Germany just after WW2 when the then-chancellor lifted price controls (which were a component of US occupation policy, BTW). OVERNIGHT shelves were restocked.
All you who say that gov´t price controls lead to rationing and shortages, just because they always have in the past, are not thinking positively. You should know that we are much smarter now and know the correct way to do it. Besides, would you just do nothing and let the situation get out of control? Shame on you. You should look forward to it happening here.
Argentina was a wealthy country prior to Juan and Eva Peron. But a headlong rush into fascism bankrupted the country and spun it into chaos from which has never fully recovered. Obama is warmed-over Peron. History does repeat itself.
The Government solution to a Government caused problem! Yeah, price controls - that´s really gonna work too... Dam fools that are too arrogant to admit they are wrong and too greedy to let go of power! Sound familiar?
No wonder the Usurper embraced Kirchner and the Malvinas. He is one of them. Argentina also had the largest gold reserves in the world pre Peron and exported wheat, Compare Argentina and Chile - like Texas and California or New York.
San Francisco - A California judge ruled on Monday against the state´s plan to issue more than $8 billion in bonds to help build an 800-mile high-speed train system and rescinded the project´s funding plan, which estimates the system´s cost at $68 billion. Judge Michael Kenny of Sacramento County Superior Court said in a written ruling that there was too little information to support the decision by the California High-Speed Rail Authority to move forward with the debt sale. (snip) In a separate decision, Kenny ordered the rail authority to rescind its funding plan for the statewide passenger rail system but
Harare - Zimbabwean authorities say they have given foreign shop-owners - mostly Chinese and Nigerian nationals - an ultimatum to shut down their businesses by 1 January. A top official of the black empowerment ministry said only Zimbabweans had the right to run shops that have sprung up across the country and are termed foreign businesses targeted under the nation´s black empowerment laws, the state-controlled Herald newspaper reported Friday.(snip)According to state media, shop owners who fail to comply will be arrested.
California Gov. Jerry Brown signed a bill Thursday granting illegal immigrants driver’s licenses, in a decision immigrant rights groups hailed as a major step forward for their movement. ( snip ) Mr. Brown, a Democrat, still has several other major immigration bills pending on his desk that he must sign or reject by Oct. 13, including one that would require localities to turn over violent criminal immigrants that federal authorities want to deport. The new California licenses will have special markings that show they aren’t supposed to be used as identification for federal purposes,
Gen. Wesley Clark claimed he’s the victim of “general indignities” by his wife, in divorce papers that blame her for their marriage’s breakdown -- and not his alleged fling with a much-younger woman. The 68-year-old former NATO Supreme Commander is filing for divorce in Arkansas against Gertrude Kingston Clark, in hopes of ending their 46-year marriage. Clark cited “general indignities” for the reason behind the divorce, according to the Daily Mail.
Air cushioning: That´s the high-concept technology behind the high-speed transit concept that billionaire Elon Musk calls the Hyperloop. Musk - who already plays leading roles in the SpaceX rocket venture, the Tesla electric car company and the SolarCity solar-energy company - unveiled what he has called the "alpha" version of the Hyperloop plan in a blog post on Monday. (snip) The plan is aimed at cutting the travel time between San Francisco and Los Angeles to a half-hour, at a price that´s less than an airline ticket between those two cities.
KENOSHA, Wis. —WISN 12 News investigates an operation raising questions about the use of government resources and the state policy that meant a death sentence for a fawn. "It was like a SWAT team," shelter employee Ray Schulze said. Two weeks ago, Schulze was working in the barn at the Society of St. Francis on the Kenosha-Illinois border when a swarm of squad cars arrived and officers unloaded with a search warrant. "(There were) nine DNR agents and four deputy sheriffs, and they were all armed to the teeth," Schulze said. The focus of their search was a baby fawn
A group of international scientists studying a deadly cholera epidemic in Haiti has concluded that peacekeepers from the United Nations were the most likely source of the disease. The epidemic, which began in late 2010, has so far claimed over 8,000 lives. The UN formally rejected compensation claims in February. This conclusion could have a major impact on a forthcoming multi-billion dollar compensation claim now being mounted by victims in a US court.
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
One of President Obama´s chief political assets has been his ability to excite young people like almost no politician in history. But the days of America´s youth fawning over the president are over. A new Harvard University Institute of Politics poll released Wednesday confirms what other surveys have shown in recent months: Millennials have soured on Obama so much this year that their opinion of him largely mirrors the American public´s. Even though Obama does not ever have to face another election, he should be worried about the findings for a couple of reasons, which we will dive into momentarily.
Last summer on his $100 million family tour of Africa, Barack Obama hoped for a priceless photo op with Nelson Mandela, the ailing freedom pioneer who went from prison cell to the presidency of South Africa. Mandela´s family suggested that wouldn’t happen. So, the Obamas did a photo op in Mandela´s former prison cell. Which Obama’s White House quickly tweeted upon word of the icon´s passing at 95. [Skip] But Obama was also caught staring at television coverage of Mandela’s passing, which became Obama’s Photo of the Day.
Hardly a week goes by without Hillary Clinton receiving another award. Last month she was named a “Global Champion” by the International Medical Corps, received the American Patriot Award at the National Defense University Foundation and the Hermandad Award from the Mexican American Leadership Initiative. [Snip] At this rate, if a bunch of elderly left-wing Swedes toss her the Nobel Peace Prize early on, the way they did to Obama, it will barely rate mention among all the other glittering trophies that have been bestowed on a woman whose only actual accomplishment was being married to a crooked governor with
A stunning new study unveiled on Fox News´ Hannity finds that President Barack Obama’s White House calendar records just one face-to-face meeting between Obama and his Health and Human Services (HHS) Secretary Kathleen Sebelius in the more than three-and-a-half years leading up to the disastrous Obamacare launch. The startling statistic comes from a new Government Accountability Institute (GAI) analysis of Obama’s own official White House calendar, as well as the Politico presidential calendar, and raises new questions about Obama’s executive leadership and management throughout the implementation of his singular legislative achievement. More alarming still, the president’s schedule lists 277 private
Speaker John Boehner said his party should support gay Republican congressional candidates and urged his colleagues to “be a little more sensitive” when running against women. “Some of our members just aren’t as sensitive as they ought to be,” Boehner said. When asked if he thinks his party should support gay candidates, Boehner simply said: “I do.”
Amid an array of “knock-out” attacks against a number of Jews in Brooklyn’s Crown Heights neighborhood, a city councilwoman pointed to the success of the Jewish community as triggering the aggression. Councilwoman-elect Laurie Cumbo emphasized that while she “admire[s] the Jewish community immensely” for its work ethic, black teens may see it differently. “While I personally regard this level of tenacity, I also recognize that for others, the accomplishments of the Jewish community triggers feelings of resentment, and a sense that Jewish success is not also their success,” Cumbo, who was recently elected, wrote in a letter. Chief among the issues