This past week the Argentine peso fell 11% below the American dollar, the steepest daily fall it has suffered in the past 12 years. The official exchange rate has reached almost 8 pesos to 1 US dollar. Since the economic crisis that hit the nation in 2001, many Argentines have shown little faith in their own economy. Instead, they purchase foreign currency to save rather than saving their constantly depreciating pesos.
In 1983, the violent dictatorship in Argentina fell following the loss in the Falklands war with Great Britain. Following this huge shift in power, Raúl Alfonsín was elected the president of Argentina. Alfonsín then created the Human Rights Commission, Comisión Nacional sobre la Desaparición de Personas, or CONADEP.
As one of the nation's most prestigious academic institutions, Harvard University carefully invests its endowment in order to maintain its funds. One of the university’s most lucrative investments has been in natural resources, particularly timber companies in Argentina.
A través de la historia, hay ciertos individuos sobresalientes que encarnan una época o una ola de creencias y cambios sociales dentro de un lugar específico, ya sea un país o una mera aldea. Estas personas extraordinarias que representan y verdaderamente personifican un período histórico en toda su alma y la totalidad de su espíritu – realmente cada parte de su ser – son las figuras más inolvidables, influyentes, únicas y, a veces, las más despreciadas pero, a la misma vez, también más amadas de la historia.
Memory is what guides our everyday actions: it forms our history, shapes our present, and projects us toward a new future. In the aftermath of trauma, memory serves as an important political tool used to rebuild society. Both individual and communal narratives emerge through the retelling of history and contrasting versions of the same occurrences battle one another to be heard.
Hoy, el Día de la Memoria, Verdad y Justicia, marca el trigésimo octavo aniversario del golpe de estado en Argentina. Después de la muerte de Juan Perón en 1974, su esposa Isabel asumió la presidencia, pero su débil gobierno fue breve. Cayó el 23 de marzo de 1976, cuando los comandantes en jefe de las fuerzas armadas, Jorge Videla, Emilio Massera y Orlando Agosti tomaron control del gobierno, comenzando una nueva dictadura.
Last week, Argentina’s president Cristina Fernández de Kirchner faced a general strike from some of the largest unions of the country. Most businesses and services throughout the country were closed including transportation, hospitals, schools, and restaurants.1 With many taxi and bus drivers on strike, those who did not participate could not go to work for the day. Picketers blocked off roads, preventing travel throughout the capital. In other cities throughout the country, such as Córdoba, smaller scale strikes had similar effects.
For one million Americans living with Parkinson’s’ Disease (PD), social life isn’t necessarily part of a routine plan. After all, this disease takes a toll, not only on the individuals who suffer from it, but also on their families and friends. PD is a neurodegenerative disease with increasing motor disabilities – where dealing with tremors, imbalance, and stiffness, seem to make (social) life less appealing.
Argentina was struck with two blows of overwhelmingly bad news on Monday when the US Supreme Court refused to hear Republic of Argentina v. NML Capital, Ltd., then ruled against the South American country, allowing US hedge funds to subpoena Argentinean banks for the locations of public assets worldwide. In 2012, a lower federal court presided over by US Judge Thomas Griesa decided Argentina must pay back its debts in full to several “holdout” hedge funds by the bond service deadline on June 30th.
As the deadline of June 30th came and went, Argentina attempted to make $832USD million in payments to restructured hedge funds, but was forced to take the money back by Judge Thomas Griesa who ordered the original debt ruling back in June.1 The New York Courts demanded BNY Mellon give back the $539 million it received from Argentina, deeming the payment in violation of the equal payment clause. Griesa decided that Argentina must make payments to both the restructured hedge funds and the holdouts or service neither.