NYTIMES/ ALEXI BARRIONUEVO /
Overview /
Argentina's longtime enemy rapid inflation is soaring again.
It rose by 25 to 30 percent in 2010, the highest level since the 2002 devaluation.
But President Cristina Kirchner insists it is not a problem.
Yet many independent economists and officials claim that the government’s national statistics agency has been grossly under-reporting inflation and poverty for four years.
“People aren’t saving anything anymore,” said shopper Mercedes Fontao. “They are spending what they have and living for the moment, and going into heavy debt on cards to keep it going.”
AND: By MATT MOFFETT: Foreign Minister Héctor Timerman has suggested that a U.S.-sponsored police-training program was teaching oppressive tactics to the Buenos Aires police force.
It shows the growing tensions between President Cristina K. and Buenos Aires Mayor Mauricio Macri, a rival candidate in the upcoming presidential election.
http://online.wsj.com/article/SB10001424052748703652104576122374127425098.html?mod=googlenews_wsj
Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- MEXICO: Telenovela Star's Assistant Charged With 4 Counts Of Attempted Murder.
- BRASIL : Rio Drug Lord 'Nem' Captured.
- MEXICO: 2ND Update: 20 Tourists Kidnapped Near Acapulco Had NO Criminal Records.
- GERMANY/ EUROZONE: Negative Media Feeds Backlash Vs Euro.
- POLAND : Problems Plague Polish Shale Nat Gas Say Analysts.
- BRASIL: Documentary About Rio Garbage Dump... Up For Oscar.
- RUSSIA : Tax Officials Continue To Harass NGOs.