NEW LINK/ BLOOMBERG/ 26 AUG/
Wall Street is weighing in on President Cristina's attempt to takeover a private property newsprint mill. JP Morgan now advises its client to SELL Argentina bonds after their risk increased! Two years of feuding between President Cristina Kirchner and the two leading newspapers, Grupo Clarin and La Nacion, over the legality of the acquisition of a newsprint firm three decades ago, is headed to court. Kirchner alleges that three newspapers conspired with the ruling dictators to control newsprint and drive rivals out of business. "Papel Prensa is the only company that produces newsprint in this country,and it's a vertically integrated monopoly. It determines who it sells to, how much it sells and at what price. And so yes, whoever controls it controls the written word in the Republic of Argentina," claims Kirchner.Human rights groups claim La Nación and Clarin were mostly silent about "dirty war" crimes committed against leftists and other opponents of the 1976-83 dictatorship.
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