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breaking for GLP
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Anonymous Coward
User ID: 398663
3/27/2008 9:31 PM | | Re: breaking for GLP | Quote |
Is Argentina like a city? Or is it actually a country or something? Where is it anyway? Quoting: Anonymous Coward 401297
learn some geography.. Just GOOGLE it and read about all the country. |
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Nailer
User ID: 398663
3/27/2008 9:35 PM | | Re: breaking for GLP | Quote |
[link to online.wsj.com]
Mounting Food Shortage Faces Argentine President
By Michael Casey and Matt Moffett
Word Count: 329
BUENOS AIRES -- As a protest by farmers moves into its third week and food shortages in supermarkets worsen, President Cristina Kirchner is facing Argentina's biggest political crisis since its 2002 financial meltdown.
Since March 13, thousands of farmers have been withholding their meat and produce from wholesalers and stores and blocking rural highways in opposition to an increase in the export tax on soybeans.
Tensions ...
[link to www.bloomberg.com]
Argentina's Fernandez Faces Protests, Food Shortages (Update5)
By Bill Faries
March 26 (Bloomberg) -- Protesters took to the streets of Buenos Aires for a second straight night in support of striking farmers as Argentine President Cristina Fernandez de Kirchner faces the biggest anti-government protests in more than six years.
Demonstrators banged pots and marched through the capital's main thoroughfares while cars drove past with horns honking. Cabinet Chief Alberto Fernandez questioned the demonstrators' motives earlier today after thousands of people massed in front of the presidential palace last night, with similar protests extending across the country.
``The leaders of the farming groups are the ones provoking this situation,'' the cabinet chief said. ``There are groups taking advantage of this situation for political purposes.''
Farmers, whose roadblocks are preventing trucks from entering ports and warehouses, want the government to roll back export taxes on soybeans and sunflower seeds that were raised to 44 percent from 35 percent on March 11. The protests have led to food shortages and are unifying opposition to Fernandez, who succeeded her husband, Nestor Kirchner, on Dec. 10.
Bunge Ltd., the world's biggest oilseed processor, today said it canceled some sales from Argentina.
``We are slowing our operations there, and we have had to declare force majeure on some contracts,'' Stewart Lindsay, a spokesman at White Plains, New York-based Bunge, said in an e- mail.
`Real Problems'
Argentine Economy Minister Martin Lousteau said the government needs to ``take advantage'' of high international prices for commodities and that the taxes help keep domestic prices down.
``If we didn't have these taxes, bread and milk would be more expensive,'' Lousteau said in an interview on the C5N television channel. ``What the government is trying to do is distribute the bonanza that some sectors are benefiting from so everyone can be better off.''
In Buenos Aires, pro-government protesters were gathering in front of the presidential palace playing drums and waving sticks. Last night, the two sides squared off after President Fernandez attacked farmers for their two-week strike and ``abundant'' profits. Fernandez didn't speak publicly today.
Real Problems
``We are out in support of the farmers and against the policies of this government,'' said graduate student Ana Gurdian, 30. ``They pretend that everything is going well, but there are real problems they are ignoring.''
Outside the capital, hundreds of trucks were lined up along a highway linking Buenos Aires with Mar del Plata, with protesters allowing cars and long-distance buses to pass through.
``The people in the streets aren't just there for the farmers,'' pollster Ricardo Rouvier said in a phone interview in Buenos Aires. ``They are many of the people that didn't vote for this government and who don't like its policies.''
Luis D'Elia, a former official in Nestor Kirchner's government, accused the protesters of attempting a ``coup d'etat.'' Television images showed him punching a protester in the face last night as he led government supporters past the obelisk.
``Those with the money, the farmers, should pay the taxes, which are still too low and should be 60 percent,'' D'Elia said last night.
Fist Fights
The arrival of government supporters near the presidential palace early today threatened to worsen tensions between the two sides. Television images showed fist fights breaking out, leaving some people with bloody noses. Few police were seen in the area.
``The government is trying to provoke conflict between Argentines when it should be promoting non-violence,'' opposition leader Elisa Carrio said in an interview with the C5N television channel.
President Fernandez, in a speech at the presidential palace yesterday, said she won't back down.
``I won't be subject to extortion,'' she said. ``Do we want a country that is only for a select few or a country that is more just, with greater equality?''
The farmers also showed no signs of wavering. Eduardo Buzzi, president of the Argentine Agriculture Federation, said the strike, including a shortage-inducing halt on produce deliveries, will go on ``as long as necessary.''
``The president is being poorly advised,'' said cattleman Alejandro Arrachea, who was protesting along a road near the town of Las Armas, in Buenos Aires province. ``She could have called for dialog with the country but she didn't.''
Budget Surplus
Argentina has relied on rising agricultural revenue to help maintain a budget surplus as spending surged. President Fernandez says the taxes subsidize roads and diesel fuel that farmers need to get their goods to market. Argentina is the world's second-largest corn exporter behind the U.S. and the third-largest soybean exporter.
Soybeans for May delivery rose 45 cents, or 3.8 percent, to $13.52 a bushel on the Chicago Board of Trade.
Farmers have blocked 1.5 million tons of cereals and oilseeds from being loaded onto ships during the past two weeks, Alberto Rodriguez, president of CIARA-CEC, an association of vegetable oil processors and cereal exporters, said in a phone interview. Grocery store shelves normally stacked with beef were bare in parts of the capital early today.
The yield premium investors demand to own Argentine bonds over Treasuries widened 18 basis points, the most in emerging markets, to 5.53 percentage points in New York, according to JPMorgan Chase & Co.'s EMBI Plus index. A basis point equals 0.01 percentage point.
The risk of owning Argentine bonds also surged today, according to Bloomberg data. Five-year credit default swaps based on the country's debt climbed 23 basis points, the most since Feb. 8, to 556 basis points. That means it costs $556,000 to protect $10 million of the country's debt from default. |
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kalamity kool 
User ID: 399904
3/28/2008 12:29 AM
 | | Re: breaking for GLP | Quote |
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Anonymous Coward
User ID: 282794
3/28/2008 1:24 AM | | Re: breaking for GLP | Quote |
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LouisWinthorpeIII
Self apointed knowitall
User ID: 399142
3/28/2008 1:25 AM
 | | Re: breaking for GLP | Quote |
Isn't it "tomorrow" in Argentina already? Quoting: Anonymous Coward 361733
Sigh. The education system works, doesn't it?
Findout when the NWO says you should die!
[link to www.godlikeproductions.com] |
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Anonymous Coward
User ID: 397323
3/28/2008 1:29 AM | | Re: breaking for GLP | Quote |
Yes, say goodbye FINALLY to globalization, you guys are the lucky ones, believe it or not!
We don't say much about it because there isn't much in the news about it here. The government doesn't want Americans getting ideas from watching television.
Good luck to you guys and hope all the best! Cheers!bye bye internationals markets...! how come U goys dont talk about it..?
cheers Martin Quoting: Martin 401503 |
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Anonymous Coward
User ID: 397323
3/28/2008 1:33 AM | | Re: breaking for GLP | Quote |
You may laugh, but Nancy Lieder can be credited for causing people to stock up on things as well.
If anything she helped to make people aware of their meager supplies.Haha--- thanxs to Nancy lieder Im prepared since 2003!
And so it begins... |
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LouisWinthorpeIII
Self apointed knowitall
User ID: 399142
3/28/2008 1:38 AM
| | Re: breaking for GLP | Quote |
You may laugh, but Nancy Lieder can be credited for causing people to stock up on things as well.
If anything she helped to make people aware of their meager supplies.
Haha--- thanxs to Nancy lieder Im prepared since 2003!
And so it begins...
You know it really doesn't matter what ever gets you to do it, but it's really prudent to have stuff stocked.... But then I lived in Miami, and have seen things get too fucked up too often...
At the least if you buy too much food you can always EAT it...
Unlike various metals & other nonsense that not only can you not eat, nor can anyone really tell what the fuck it's worth...
I mean would you trust some fucker in the 7-11 to measure specific gravity???
Findout when the NWO says you should die!
[link to www.godlikeproductions.com] |
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Anonymous Coward
User ID: 397323
3/28/2008 1:40 AM | | Re: breaking for GLP | Quote |
Typical of governments to distort the issues.
The people are making demands and she calls it extortion!
`I won't be subject to extortion,'' she said. ``Do we want a country that is only for a select few or a country that is more just, with greater equality?'' Quoting: Nailer 398663 |
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Anonymous Coward
User ID: 397323
3/28/2008 1:43 AM | | Re: breaking for GLP | Quote |
Sorry, but what?
Some people like to own precious metals whatever the consequence of owning those metals are.
Why should you care so much?You know it really doesn't matter what ever gets you to do it, but it's really prudent to have stuff stocked.... But then I lived in Miami, and have seen things get too fucked up too often...
At the least if you buy too much food you can always EAT it...
Unlike various metals & other nonsense that not only can you not eat, nor can anyone really tell what the fuck it's worth...
I mean would you trust some fucker in the 7-11 to measure specific gravity??? Quoting: LouisWinthorpeIII |
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fërú.
User ID: 401832
3/28/2008 1:54 AM
 | | Re: breaking for GLP | Quote |
funny thing I have being reading about the riots and cacerolazos in Argentina. But nothing indicates such extreme situation.. this must be some media cover up.
Anyway remember Solari Paraviccini and his predictions for your country.. it will need to convulsion before the awakening... then Argentina will lit the light for the rest of Latin America
8U5H - L1E5... 9/II 1N51D3 J08
A 2 1/2 años del Regreso de Quetzalcoatl.
Enki en mi Corazón |
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Lady Wolf
and they ride...
User ID: 399135
3/28/2008 2:08 AM
 | | Re: breaking for GLP | Quote |
ahem! The only stupid question is the one not asked...with that said, I'm not so sure myself where it is. I'll make an educated guess and say South America??
Remember...Real Truth Is Self Evident;)
Can't PM? Feel free to e'mail me at ldy_wolf(at)sbcglobal.net |
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A_G1RL
User ID: 273050
3/28/2008 2:15 AM
 | | Re: breaking for GLP | Quote |
``We are slowing our operations there, and we have had to declare force majeure on some contracts,'' Stewart Lindsay, a spokesman at White Plains, New York-based Bunge, said in an e- mail. Quoting: Nailer 398663
Interesting.... get us used to hearing it?
"When freedom is at stake, silence is not golden....it's yellow" ?
[link to pressforfreedom.com] |
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Lady Wolf
and they ride...
User ID: 399135
3/28/2008 2:27 AM
| | Re: breaking for GLP | Quote |
Here's a helpful link to the country and it's location on the map for others such as myself who may not be the brightest when it comes to the subject of geography;)
[link to www.google.com]
Remember...Real Truth Is Self Evident;)
Can't PM? Feel free to e'mail me at ldy_wolf(at)sbcglobal.net |
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kalamity kool
User ID: 399904
3/28/2008 5:34 AM
| | Re: breaking for GLP | Quote |
You may laugh, but Nancy Lieder can be credited for causing people to stock up on things as well.
If anything she helped to make people aware of their meager supplies.
Haha--- thanxs to Nancy lieder Im prepared since 2003!
And so it begins...
She stimulated my imagination to think of DOOM as real,
an absolute mind-altering experience
I am still grateful
still prepared
though with no supplies atm. |
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GraftedPromise U$ofA
User ID: 402074
3/28/2008 9:50 AM | | Re: breaking for GLP | Quote |
(Reuters) - Argentine farmers have been striking against a government tax hike for the last two weeks, causing some food shortages and disrupting trade with major partners such as China.
Hmmm ... don't know, how good is that for relationships with China? |
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