As Argentina continues to experience triple-digit hyperinflation and continued economic deterioration, sovereign bonds plunged last Monday in response to the most recent election results. Following Sunday’s vote, Peronist party presidential candidate Sergio Massa was seven points ahead of Javier Milei. In response, The Economist called it "the worst of all possible outcomes" as … [Read more...] about Argentina’s Presidential Election Heads to Runoff
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American Women Quarter’s Program Honors “Queen of Salsa” Celia Cruz in 2024
Celia Cruz, the “Queen of Salsa,” will be on United States quarters beginning in 2024. Cruz represents the first Afro-Latina to receive the honor as part of the US Mint's American Women Quarters Program. Celia Cruz (full name Úrsula Hilaria Celia Caridad Cruz Alfonso) was born on October 21, 1925 in Havana, Cuba, and died July 16, 2003 in Fort Lee New Jersey. One of the most … [Read more...] about American Women Quarter’s Program Honors “Queen of Salsa” Celia Cruz in 2024
Cuba’s President Re-Elected for Second Term – Economic Crisis A Nonissue
President Miguel Díaz-Canel was re-elected for a new five-year term by the Communist Party of Cuba-aligned National Assembly on Wednesday. In the midst of one of the islands worst economic crises, and in a country where political opposition is illegal, the Cuban parliament voted 459 of the 462 in favor of reelection. This all comes on the heels of food and medical supply shortages and … [Read more...] about Cuba’s President Re-Elected for Second Term – Economic Crisis A Nonissue
Argentina’s Annual Inflation Reaches 104.3 % Poverty 40%
Argentina is facing its worse inflationary crisis since 1991 following a monthly inflation report of 7.7%, far exceeding the expected rate of 7.1%. Argentinians are facing rising costs, declining savings and economic turmoil, placing additional strain on the country's government. According to sources, record inflation is a result of elevated international pricing and a severe drought … [Read more...] about Argentina’s Annual Inflation Reaches 104.3 % Poverty 40%
Venezuela’s Anti-Corruption Drive Results in 42 Arrests
Venezuela's anti-corruption crackdown continues as more are arrested in connection with widespread accusations of corruption, including appropriating public funds, money laundering and other schemes. According to sources, the total amount embezzled has yet to be revealed but may well exceed 3 billion US$. A key leader of the United Socialist Party of Venezuela apparently also led a … [Read more...] about Venezuela’s Anti-Corruption Drive Results in 42 Arrests