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  1. sesamosinsal

    Local Presidential Debate. Leading Candidate Is A No Show.

    "Reasonable" is also very subjective. The problem with the term "institutional importance" is that only the Executive Branch can determine what is "institutionally important." The Judicial Branch cannot say what is considered "institutionally important" in another branch of government. This is...
  2. sesamosinsal

    Local Presidential Debate. Leading Candidate Is A No Show.

    She is not breaking the law, and the Wikipedia article is actually incorrect. Article 75 of Law 26,522 states: So, the Executive Branch -- that is, Cristina Fernández de Kirchner -- can, "in situations of grave, excepcional or institutional importance," use the cadena nacional. It's not just...
  3. sesamosinsal

    Election In A Nutshell

    They both are similar to Menem in terms of the policies they support. They are both moderates. The fact that CFK had to choose Scioli over Randazzo is already a defeat. This is an interesting read from Clarín. October 9, 2001: http://edant.clarin..../09/p-03201.htm You won't see that on 678...
  4. sesamosinsal

    Local Presidential Debate. Leading Candidate Is A No Show.

    Macri always seems to be reading from a script to me. All politicians do it, but Macri is the king flip-flopper. He was against every thing before he was for it (nationalizations of YPF/Aerolíneas, child tax credits, marriage equality, assisted reproduction etc.) Scioli is a bit more...
  5. sesamosinsal

    Election In A Nutshell

    A strict peg doesn't change from day to day. In Argentina, we have a managed exchange rate. At any rate, to compare Menem's monetary policy to Kirchner era monetary policies is misguided. There was barely any inflation in the Menem years, and there was a true fixed exchange rate. The Kirchners...
  6. sesamosinsal

    Election In A Nutshell

    There is no peg. It's devalued 14 percent in the past 52 weeks. In the past three months, it's devalued 5 percent. It hit 9.50 about 15 days ago. Unfortunately, given the competitive devaluations we're seeing around the world, that 14 percent isn't enough.
  7. sesamosinsal

    Election In A Nutshell

    The comparison isn't valid. The Kirchners have devalued the USDARS by approximately 172 percent since May 2003. From 1992 until December 2001, there was essentially 0% devaluation (technically there were very minor fluctuations of a cent or less). With that said, it is very, very obvious that...
  8. sesamosinsal

    All In One Day

    The free market comment was a joke. We've discussed it in other threads. I don't buy your brand of governance, or the lack thereof. :) You are still able to buy airfare. The only complication is that the ticket prices are more expensive in pesos now because the government isn't handing over...
  9. sesamosinsal

    All In One Day

    This government gets criticized nonstop for providing benefits and choripanes to the poor in order to buy votes. It would be the first time I've heard someone criticize the government for favoring those with "higher incomes" -- the 15% of the population who traveled abroad last year and a few...
  10. sesamosinsal

    All In One Day

    Right, so in blue dollars, the fares are comparable. If you buy the ticket in pesos as a nonresident, you have to pay the 35 percent tax, and there is no refund for it. However, if you're a resident, you can buy the fares in pesos, pay the 35 percent, and eventually get it refunded to you...
  11. sesamosinsal

    All In One Day

    ElQueso - I thought you were going to agree with everything I had to say. ;) This is a win for the free market! haha Prices are often different depending on where you depart. That has nothing to do with the issue. You'd need to compare the cost of a ticket on an Argentine site that sells in...
  12. sesamosinsal

    All In One Day

    We should be careful what we wish for. :)
  13. sesamosinsal

    Dollar Reserves Vs Dollar Rates

    Sorry, it was not my intention to dismiss your question or anything of the sort. As thorsten notes, the market is small, but it's still a market. It's still guided by the laws of supply and demand. The reason why I said that a 2 percent drop is irrelevant is because most likely it's the market...
  14. sesamosinsal

    All In One Day

    You're missing my point. Regardless of whether you earn pesos or dollars, dollars are used to pay for international airfare. Up until now, the government has subsidized the USDARS exchange rate, mainly to keep the cost of raw materials stable/low and to prevent a collapse in real wages. And...
  15. sesamosinsal

    All In One Day

    Looks like the price is pretty fair to me at 15.70sh...
  16. sesamosinsal

    All In One Day

    The members of the forum are complaining about rising prices in air travel due to additional restrictions imposed by the Central Bank on currency exchange. From Los Andes: http://www.losandes....epo-del-central I am guessing the jump has been more dramatic than that... The official exchange...
  17. sesamosinsal

    Dollar Reserves Vs Dollar Rates

    I think you're exaggerating the drop in price? The informal rate hit a maximum of 16.11 on October 19. It's now at 15.78, according to La Nación. It's a 2 percent price drop, which is hardly significant.
  18. sesamosinsal

    All In One Day

    Hold up, folks. Are you all whining about the Argentine state no longer subsidizing your air travel with cheap dollars? :)
  19. sesamosinsal

    Election In A Nutshell

    "Macri-economics" http://www.economist...macri-economics My favorite part: LOL
  20. sesamosinsal

    Election In A Nutshell

    Why should we trust these pollsters? They're wrong every time...
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