Strange bedfellows: Argentina helped in unpaid debts case by Federal Reserve …

Fed up with Argentina’s refusal to honor its debts despite losing in appellate court, U.S. District Judge Thomas Griesa in New York said he is determined to make Argentina pay at least something to the plaintiffs.His idea is to tap into the money Argentina already pays to other bondholders, by making banks that process the payments divert some of the money to the plaintiffs. U.S. financial institutions would become his enforcers, either helping to satisfy the judgment or “aiding and abetting” Read more [...]

Argentina ordered to pay $1.3 billion to holdouts by Dec. 15; defying could …

The judge also barred Argentina from paying other bondholders until it satisfies this judgment, putting the president’s back against the wall: If she doesn’t reverse her longstanding position and pay up, she risks triggering another historic Argentine debt default, this time totaling more than $20 billion. “It is hardly an injustice to have legal rulings which, at long last, mean that Argentina must pay the debts which it owes. After ten years of litigation this is a just result,” U.S. District Read more [...]

Wales ring the changes

Warren Gatland wasted little time in making his presence felt upon his return as Wales coach, making five changes for Saturday's clash against world champions New Zealand at the Millennium Stadium.The New Zealander is back in charge for Wales's final two Tests of the European year-end series, against the All Blacks and the Wallabies, after starting his preparatory work as head coach for next year's British and Irish Lions tour of Australia.In his absence, Six Nations Grand Slam champions Wales Read more [...]

Strikes halt transportation in Argentina

Thousands came out in protest Tuesday, as a 24-hour, union-led general strike disrupted public transportation, gas stations and banks. The demonstrations follow similar strikes throughout the country over inflation and rising crime rates on November 8. Tuesday's strike cancelled domestic flights across the country, brought bus and train lines to a halt and led to road blockages along major auto routes (pictured above). "There are hundreds of road blocks across the country," Oscar de Isasi, one Read more [...]

Argentine president faces nationwide strike as breakaway unions bemoan …

But in other ways, it was a normal day in Buenos Aires, where cafes and small stores stayed open.The strike was called as a political show of force by truckers union boss Pablo Moyano, the longtime leader of Argentina’s vast General Workers’ Federation, and one of the closest allies of the president’s late husband and predecessor, Nestor Kirchner.Moyano and some other union leaders broke away from Fernandez this year as she tried to contain the demands of a now-divided labor movement by supporting Read more [...]

Breakaway Unions Strike Across Argentina

Argentine President Cristina Fernandez is facing a nationwide strike, led by union bosses who once were her most steadfast supporters. Many trains and bus lines are paralyzed; banks, courts and schools are closed; airlines have canceled flights and small groups of people have blocked highways in about a dozen places around the capital. But in many ways it's a normal weekday in Buenos Aires. Truckers union boss Pablo Moyano wants income taxes Read more [...]

Twins born from Eggs Frozen 12 years ago

In an astonishing case, an Argentinean woman has given birth to twins from eggs frozen for in-vitro fertilisation 12 years ago, indicating strong chances of cancer patients/survivors becoming parents. [Read: IVF Procedure - Step by Step] Monica Zapotoczny, a 45-year old woman from Buenos Aires, capital city of Argentina had frozen eggs at the age of 33. But, even after several attempts to conceive with the help of IVF Monica and her Guillermo Husak lost hope of having a child of their own. Last Read more [...]