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Founded in 1876 Thursday, November 20, 2008 Edition Nº 2186
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Municipio de Tigre
Home   >  Argentina  


9-hour traffic jam cuts northern suburbs off from city centre
Slum dwellers hijack highway

The Illia highway was blocked yesterday for over eight hours, causing traffic jams in Buenos Aires City due to a protest by a group of about 100 residents from the shantytown Villa 31 and its surrounding area, known as Villa 31 bis.  Read More


afjp takeover
Senate seen passing bill

The 72-seat Senate, which is controlled by the ruling Victory Front, is scheduled to debate the AFJP private pension funds takeover bill today. The bill was approved by the Lower House on November 7. The ruling party has said it is confident that the bill will be approved by at least 42 of the Upper House’s 72 senators.  Read More


Slum dwellers demand say at a court hearing today
Protest wreaks havoc on highway

 The highway is next to the Retiro bus and train stations and goes over the slums. Thousands of people use the highway everyday to go to work downtown.
At first the demonstrators were just blocking some lanes, but after 4pm the road was completely blocked.
The protest angered some drivers...  Read More




City gov’t: leftwing groups behind roadblock

by m. belén arce terceros
Herald staff

Fabián Rodríguez Simón, an official from the Public Spaces Ministry, alleged that most of the people blocking the highway were not residents from the Villa 31 shanty town. “There are only 100 people and they are activists from Quebracho and Polo Obrero,” leftist movements...  Read More



mayor defends budget bill
Macri: tax hike needed to pay for works

Buenos Aires Mayor Mauricio Macri yesterday defended the City’s 2009 Budget bill, saying that the increases in income and seals taxes will be “a strain for those who can afford it” and is aimed at maintaining “social support” for low-income residents.
Speaking at a press conference, Macri said that he “will...
 Read More


senate debate today
Socialist vote to scrap AFJPs

By Guillermo Háskel
Herald staff

Socialist Party Chairman and Santa Fe Senator Rubén Giustiniani yesterday said that he will support a drive to scrap the private pension system that is likely to be passed into law today by the Upper House. But he warned that he will severely question the bill...  Read More



Business leaders insist peso too strong
Union groups press for job protection

Argentina’s two main umbrella unions yesterday continued to press the government for policies to prevent a possible wave of layoffs in foreign-owned companies due to the world financial crisis.
The Argentine Workers Central (CTA), the nation’s second largest umbrella group, yesterday requested that the government bar companies from firing employees for...  Read More




CFK: economy “balanced”

President Cristina Fernández yesterday recognized that “Argentina will obviously not escape” from suffering the consequences of the global financial crisis, but added that the low level of debt will help the country “face the problems with greater calmness.”
Speaking at a conference of Tunisian and Argentine businessmen before departing for Egypt...
 Read More


‘Not a revaluation’
BA province reforms housing tax system

The Buenos Aires province government said yesterday it will implement a change in the housing taxes system, which will affect 150,000 properties with a market value of over 250,000 dollars, with an increase of 20 percent. They will also exempt the province’s poorest one million from the tax.
This measure was...
 Read More


Committee stage cleared in Lower House
Congress to debate economic emergency, cheque tax

herald staff
The Budget and Finance Committee of the Lower House yesterday cleared for debate the government’s bill to extend the cheque tax and the state of economic emergency for 2009. The bill also opens the door for amendments to income tax scales.
The ruling Victory Front has called for a...  Read More



peso remains stable
Stocks, bonds fall as Wall Street dives

reuters
Stocks fell yesterday, dragged down by a sell-off on Wall Street and persistent investor worries about a global recession, which also pushed bonds and the peso currency lower.
The MerVal benchmark index slid 2.06 percent to close at 925.35 points, extending losses over the last three sessions to more than 9...
 Read More
    Argentina NEWS
   Temporary Delay:
   Slum dwellers hijack highway
   Senate seen passing bill
   Protest wreaks havoc on highway
   City gov’t: leftwing groups behind roadblock
   Macri: tax hike needed to pay for works
   Socialist vote to scrap AFJPs
   Union groups press for job protection
   CFK: economy “balanced”
   BA province reforms housing tax system
   Congress to debate economic emergency, cheque tax
   Stocks, bonds fall as Wall Street dives
  Argentina in Brief
   News in brief




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