Word: argentina
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...grew up with horses when I was a kid in Argentina. I like them. I respect them. I'm careful around them. You never know what they're going to do. They're endlessly interesting. I've had some good acting partners that were horses over the years...
...geography at the University of Liverpool and the author of two books on the subject. He refers to the "scrips" issued in the U.S. and Europe during the Great Depression that kept money flowing and the massive barter exchanges involving millions of people that emerged amid runaway inflation in Argentina in 2000. "People were kept from starving [this way]," he says. (Find out 10 things to do with your money...
...Apart from the embarassing revelations in the Miami courtroom, Argentina's lengthy economic bonanza seems to have been abruptly ended not by the recent worldwide financial meltown but by a series of drastic economic initiatives apparently micromanaged by Kirchner, who now serves as president of the Peronist Justicialista Party, the dominant political force in the country...
...latest of these economic measures is a bill that will be presented to Congress this week, which would nationalize the private funds in which many Argentines keep their pensions - a move that should swing some $30 billion from private individual pension accounts into state coffers. The announcement sent Argentina's stock market plummeting, while the rush of depositors to convert their savings into dollars resulted in a 7% devaluation of the peso. The financial earthquake caused by the initiative has put the Argentine economy "in intensive care," says columnist Morales Sola...
...Fernández and Kirchner retain the support of the strong Peronist Party structure, while the opposition remains as divided now as it was during last year's elections. Peronist Senator Eric Calcagno sees the President's current troubles as a backlash from Argentina's business establishment against her stated aim of more evenly distributing Argentina's wealth. "After the economic crisis in 2001, the Argentine establishment accepted becoming a minority partner in a political project it doesn't really agree with, but now that the economy has been solved, the message is: We want you out," says Calcagno...