Friday
October 31, 2014

Supreme Court justice Eugenio Raúl Zaffaroni today submitted a resignation letter addressed to President Cristina Fernández de Kirchner in which he explained his decision responds mainly to the acceptance of constitutional norms.

Cabinet Chief Jorge Capitanich has taken a harsher tone against the opposition accusing its leaders representing “the Revoking Front,” seeking to carry out what he called the “M Plan.” “They want to revoke everything this government has done.” he affirmed.

By Luciana Bertoia and Tomás Brockenshire

The government seems determined to backpedal with one of the most controversial aspects of the bill to reform the Criminal Procedural Code: the idea that judges have to take into account the “social upheaval” that a crime causes in order to decide whether offenders should be remanded in custody.

The Central Bank received the first part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of US$814 million, allowing the country to bolster its foreign reserves, which rose US$721 million and closed at US$28.101 billion.

President Cristina Fernández de Kirchner has defended the economic model followed by her government and warned about certain opposition comments that, according to her, aim at encouraging “negative expectations” on the country’s economy, to later ease the way to economic budget cuts.

The INDEC statistics bureau has informed supermarket sales grew 34.9 percent in September, compared to the same month of 2013, while shopping centre sales increased 26.4% in the same period.

The sixth corruption trial against former Secretary of Natural Resources María Julia Alsogaray has started in the N°6 Oral Federal Court, presided by judges Julio Panelo, José Martínez Sobrino and María Roqueta.

Cabinet chief Jorge Capitanich defended the “Digital Argentina” bill unveiled by the Executive to reform the telecommunications sector and rejected claims of it being a new stage in the battle against the Clarín media outlet. He stressed that it is designed “for the well-being of the Argentine people.”

• Gov’t seeks new era for telecoms

The president of the AFSCA media watchdog Martín Sabbatella has rejected claims that the bill drafted by the Executive to reform the country’s telecommunications implies substantial changes to the Media Law as it opens the possibility for providers to sell “triple play” packs.

The budget bill passed by the Senate in a 39-22 vote is an “end-of-cycle” project built on “false basis,” opposition senator Carlos Reutemann said.

• Senate approves 2015 budget bill

Industry Minister Débora Giorgi has said Argentian needs to “gain competitiveness in energy production” and for that the country needs to “take advantage from the opportunities the region offers.”

The government has appointed a new head of the National Statistics and Census Institute (INDEC) today, naming Norberto Itzcovich to replace Ana María Edwin who is now director of the National Public Administration Institute (INAP).

A pre-candidate to take the baton from Buenos Aires City Mayor Mauricio Macri in next year’s vote, Horacio Rodríguez Larreta said all challengers within the PRO party should compete in intern elections.

Police have been deployed in the Buenos Aires City neighbourhood of Las Cañitas following reports that a shooter was firing a gun from inside a building located in the Luis María Campos Avenue.

US stocks rose at the open today as markets rallied globally after the Bank of Japan significantly ramped up its stimulus program just days after the Federal Reserve wound down its own package of US economic incentives.

The so called "blue" dollar continued its downward path, plummeting 20 cents to close at 14.33 pesos, amid renewed fears of government controls in underground exchange houses.

In response to grandmothers of plaza de mayo request

Catholic Church says it has no hidden dictatorship files

Days after the Catholic Church agreed to take part in a campaign launched by Grandmothers of Plaza de Mayo, the secretary general of the Argentine Synod (CEA) said that there are no “hidden” archives that could help with the recovery of the babies snatched from their families during the 1976-1983 dictatorship.

"Over the last year we have seen how talks have stalled, how decisions over new settlements on occupied Palestinian land complicated a two-state solution and how violence has returned to Gaza," Swedish Foreign Minister Margot Wallstrom said.

"I still feel good enough and I still have enough joy and I still laugh and smile with my family and friends enough that it doesn't seem like the right time right now," Brittany Maynard says in a video released to CNN this week. "But it will come, because I feel myself getting sicker. It's happening each week."

Burkina Faso's military has dissolved parliament and announced a transitional government after violent protests against President Blaise Compaore, but it was not immediately clear who was in charge.

Almost 300 fewer people are known to have died from Ebola in Liberia than previously thought, while more than 200 have been added to Sierra Leone's death toll, the World Health Organization has said.

US government officials joined health experts from throughout the Americas at an Ebola conference in Cuba, the latest show of cooperation between the historic adversaries on fighting the disease.

• Texas nurse leaves hospital Ebola-free

Despite the end of yesterday’s heavy rainfalls, Luján in Buenos Aires province remains on "red alert" due to the 5.08-meters swelling of the Luján River, which has caused new floodings, forcing over 200 people to leave their homes.

• Storms cause chaos in BA • The BA districts most affected • Bragado 'lashed' by severe weather • Over 1,000 people evacuated over floods

Researchers probing the 1937 disappearance of famed American aviator Amelia Earhart's plane said they now believe a slab of aluminum found decades ago on an uninhabited island in the Pacific Ocean came from her aircraft.

A groundbreaking Home Office document in the United Kingdom has said punitive drug law enforcement was failing, having no “obvious relation” with the abuse of substances. The investigation has reached the House of Commons with MPs debating the government’s policy on narcotics.







MARKETS ONLINE

CurrenciesBUYSELL
Dollar (Official price) DOLLAR (Official price) $ 8,470 $ 8,520
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Indices
Merval MERVAL $ 0,000 $ 0,00
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Full MARKET coverage HERE



The long and winding curb

Michael Soltys / Senior Editor / Economic Outlook

The long and winding curb

The Russian question

Andrés Federman

The Russian question



Baseball, fireball

PICTURE OF THE WEEK.


By Ariel Riera

The data mentioned by Lanata are correct. However, his statement is misleading. Even though in the last few years the evolution of several economic indicators was indeed superior in these countries, Argentina is in a better general socio-economic situation.

Breathtaking purple-and-orange light displays, zombie graveyards, mutilated mannequins and singing inflatable pumpkins are just some of the front-yard Halloween decorations that Americans are expected to spend $7.4 billion on this year. View photo gallery.

• World Trade

Buenos Aires & Montevideo mulling to purchase dredge for River Uruguay

• On Sunday

Disappointer-in-chief


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