Argentinian government is taking over Vicentin?

[Bajo_cero2]

Didn't the Ks try to expropriate Papel Prensa ten years ago? At this point in time, they'd be doing Clarin a favor. Newspaper printing doesn't have much of a future.

Why stop there? Why not La Nacion ?

Because there is a law against media monopoly that Clarin was avoiding for long time. Macri stopped it by decree and gave for free the 4g signal and a public satellite.

 

[gracielle]

They'll take anyone.

Legally, in California, employers will take most anyone who is willing to work. Illegally, an ARG may find it difficult to compete for work "in negro" with a Mexican worker.
Prior to the Pandemic....
The unemployment rate in California 2020.
Information (up 6.2 percent) displayed the greatest year-over growth in percentage terms. The unemployment rate in the San Francisco-Redwood City-South San Francisco MD was 2.9 percent in March 2020, up from a revised 2.2 percent in February 2020, and above the year-ago estimate of 2.4 percent.....stats up to 17 April 2020
Since the Pandemic...
15.5 percent
Employers lost an unprecedented 2,344,700 nonfarm jobs
SACRAMENTO – California's unemployment rate rose to a record high 15.5 percent in April as the state's employers lost 2,344,700 nonfarm payroll jobs, according to data released today by the California Employment Development Department (EDD) from two surveys....stats beginning 22 May 2020

How much do you get for unemployment in California?
The Unemployment Insurance (UI) benefit calculator will provide you with an estimate of your weekly UI benefit amount, which can range up to $450 per week. Once you file your claim, the EDD will verify your eligibility and wage information to determine your weekly benefit amount (WBA).

 

[gracielle]

El Gobierno podría pagar US$1300 millones por el concurso de Vicentin

El Gobierno podría pagar US$1300 millones por el concurso de Vicentin

www.lanacion.com.ar

10 June 2020
The Government could become the gravedigger of Argentine commercial law. And incidentally, as if to celebrate the funeral, having to put up a wall of dollars whose estimate could exceed 1,500 million dollars. With white gloves and a circumspect face, state officials will initiate the process that should end, as expressed by President Alberto Fernández, in the expropriation of the Vicentin Group. If they carry out what they listed in various media after the announcement, they will also be issuing the certificate of the Argentine bankruptcy scheme, right in the middle of a conjuncture in which the legal tool will be one of the schemes that companies will use to get out of the crisis.
The point that the entire government has overlooked is that, unlike other expropriations, in this there is a bankruptcy contest presented in a Reconquista court that requires another type of surgery. By the way, in that call there are US $ 1,300 million already verified. And if the fees of hundreds of lawyers representing these claims are added together, the amount would rise well above 1.5 billion....

El Gobierno podría pagar US$1300 millones por el concurso de Vicentin

El Gobierno podría pagar US$1300 millones por el concurso de Vicentin

translate.google.com

 

[on the brink]

Legally, in California, employers will take most anyone who is willing to work. Illegally, an ARG may find it difficult to compete for work "in negro" with a Mexican worker.
Prior to the Pandemic....
The unemployment rate in California 2020.
Information (up 6.2 percent) displayed the greatest year-over growth in percentage terms. The unemployment rate in the San Francisco-Redwood City-South San Francisco MD was 2.9 percent in March 2020, up from a revised 2.2 percent in February 2020, and above the year-ago estimate of 2.4 percent.....stats up to 17 April 2020
Since the Pandemic...
15.5 percent
Employers lost an unprecedented 2,344,700 nonfarm jobs
SACRAMENTO – California's unemployment rate rose to a record high 15.5 percent in April as the state's employers lost 2,344,700 nonfarm payroll jobs, according to data released today by the California Employment Development Department (EDD) from two surveys....stats beginning 22 May 2020

How much do you get for unemployment in California?
The Unemployment Insurance (UI) benefit calculator will provide you with an estimate of your weekly UI benefit amount, which can range up to $450 per week. Once you file your claim, the EDD will verify your eligibility and wage information to determine your weekly benefit amount (WBA).

Thanks for the information, Gracielle. I'm willing to bet that as soon as the pandemic is over California will bounce right back, and will end up even better than before. It's a state with a special vitality of its own - it can be felt as soon as one steps out of the plane.

 

[gracielle]

Thanks for the information, Gracielle. I'm willing to bet that as soon as the pandemic is over California will bounce right back, and will end up even better than before. It's a state with a special vitality of its own - it can be felt as soon as one steps out of the plane.

You're welcome. I have absolutely no doubt that CA will bounce right back!

 

[Rich One]

The People against Expropriation, Protest at Vicentin HQ

The mayor of Avellaneda, Santa Fe, on Vicentin's intervention: "This is grabbing, it is stealing"
The communal chief Dionisio Scarpin considered that food sovereignty is not achieved by expropriating a company with national capital. "The President was carried away by false information, or is an ideological question," he added.

El intendente de Avellaneda, Santa Fe, sobre la intervención de Vicentin: “Esto es manotear, es robar”

El jefe comunal Dionisio Scarpin consideró que la soberanía alimentaria no se logra expropiando una empresa de capitales nacionales. “El Presidente se dejó llevar por información falsa o acá hay una cuestión ideológica”, disparó

www.infobae.com

 

[lost]

Impending bankrupcy? California is booming. In fact, if it were a country, it would have the world's seventh largest economy .

It should be!

 

[Dougie]

Because there is a law against media monopoly that Clarin was avoiding for long time. Macri stopped it by decree and gave for free the 4g signal and a public satellite.

So in Argentina if a company becomes a monopoly the government expropriates them as a consequence? Interesting.

In Europe, governments will enforce the break up the company, but not take state control.

 

[gracielle]

It should be!

We are in fine company as part of the West Coast while contributing to the diversity of the USA.

 

[gracielle]

Wolf Warrior, la política que busca imponer China en el mundo y su deseo sobre América Latina tras el coronavirus

El régimen ha elegido a su héroe: se trata de un personaje al mejor estilo Rambo que hace justicia ante los ataques externos. Es su nueva diplomacia que preocupa a los países democráticos de Occidente

www.infobae.com

10 June 2020
LATIN AMERICA
Wolf Warrior, the policy that China seeks to impose on the world and its desire for Latin America after the coronavirus. The regime has chosen its hero: it is a character in the best Rambo style who does justice to external attacks. It is its new diplomacy that worries the democratic countries of the West

....But there are other goals that are breaking through. In Argentina , for example, the announced expropriation by the local government of Vicentin - a gigantic agricultural company - excited the Asian hierarchy. It is that in 2016 China Oil and Foodstuffs Corporation ( Cofco ) -the largest state food company- bought Nidera , another of the Argentine grain emporiums. Together, both administrations could unbalance the market by concentrating more than 20 percent of production. A (food) sovereignty ... shared.

In Beijing they do the math: a partnership with the Argentine company taken by the Casa Rosada would allow them to set prices in the grain marketing chain. But they would also be in a position to dream big: stay, why not, with the water channel that runs through the agricultural heartland that reaches the ports of Paraguay. Exporters from that basin - those from that country, those from southern Brazil , and those from Uruguay - turn on their alarm lights. A Chinese management could make its operations in the region so expensive that it would make the business unviable....

Wolf Warrior, la política que busca imponer China en el mundo y su deseo sobre América Latina tras el coronavirus

El régimen ha elegido a su héroe: se trata de un personaje al mejor estilo Rambo que hace justicia ante los ataques externos. Es su nueva diplomacia que preocupa a los países democráticos de Occidente

translate.google.com