Posted by admin / Under Argentine Comics
About one minute before the first torpedo hit, Seaman Marcelo Pozzo had lain down on his bunk and was looking forward to some sleep. He had been on duty for most of the day at the Damage Control Station in the heart of the light cruiser the General Belgrano as it pushed through the 15m waves of the South Atlantic, and he was due back on at midnight. As soon as Pozzo closed his eyes, he felt a ‘hammer blow’ that propelled him into the air with such force that he hit the upper bunk. ‘When I fell down, a...
Published on Friday 10th of February 2012 01:45:20 AM
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Posted by admin / Under Argentine Comics
TEGUCIGALPA — The military-backed regime in Honduras has given Argentine diplomats until Friday to leave the country, the latest escalation in a tit-for-tat political dispute between the two nations. The Honduran foreign ministry on Wednesday said it had ordered Argentina's diplomats gone by Friday, despite Buenos Aires's warning that it had no intention of removing its representatives. The move was "in strict reciprocity" with Argentina's decision to expel Honduran envoys in Buenos Aires, the Foreign Ministry said. Honduras on Tuesday broke off diplomatic ties with Argentina, which is pushing hard for the return of ousted President Manuel Zelaya's return. Argentine...
Published on Friday 10th of February 2012 01:45:20 AM
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Posted by admin / Under Argentine Comics
A single mega-colony of ants has colonised much of the world, scientists have discovered. Argentine ants living in vast numbers across Europe, the US and Japan belong to the same inter-related colony, and will refuse to fight one another. The colony may be the largest of its type ever known for any insect species, and could rival humans in the scale of its world domination. What's more, people are unwittingly helping the mega-colony stick together. Argentine ants (Linepithema humile) were once native to South America. But people have unintentionally introduced the ants to all continents except Antarctica. These introduced Argentine...
Published on Friday 10th of February 2012 01:45:20 AM
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Posted by admin / Under Argentine Comics
The steep fall in global commodity prices over the past several weeks has brought Argentina to the brink of fiscal collapse—alas, not an unfamiliar position for the South American country. For far too long, the Argentine government behaved as if commodity prices would keep rising forever. It spent like a drunken sailor and made unsustainable commitments to the public sector. Such irresponsible fiscal policies were promoted aggressively by Argentine President Néstor Kirchner, who served from 2003 to 2007, and they have been continued by his wife, Cristina, who in 2007 was elected to succeed her husband as president. Until recently,...
Published on Friday 10th of February 2012 01:45:20 AM
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Posted by admin / Under Argentine Comics
Optimists say that emerging-market defaults are a thing of the past. Emerging markets today, the argument goes, are relying more on domestically issued local currency debt, both inflation-indexed and non-indexed. This means their debts are far more stable and reliable than in the recent past, when a much larger share of government debt was issued externally and denominated in hard currency. This argument is wrong. In the past, the combination of high levels of domestic debt and inflation surges has often proven deadly for both foreign and domestic investors. Just look at Argentina today, a country not nearly as prosperous...
Published on Friday 10th of February 2012 01:45:20 AM
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