LATAM POLITICS TODAY-Argentina's president rejects Supreme Court ruling – Yahoo Finance

LATAM POLITICS TODAY-Argentina's president rejects Supreme Court ruling – Yahoo Finance





*
Ex-ministers in Peru recount Castillo's dramatic final day
*
U.S. court rejects Maduro ally's bid to dismiss charges
*
CEO of Brazil's Petrobras to resign before end of April
*
Panama aims to reach 'fair' deal with miner First Quantum
*
Mexican president: Must examine alleged plagiarism by top judge
Dec 23 (Reuters) – The latest in Latin American politics today:
Argentine president says will ignore Supreme Court ruling
BUENOS AIRES – Argentine President Alberto Fernandez sparked a battle with the country's top court after he said he would reject its ruling to give a larger proportion of state funds to the city of Buenos Aires.
Argentina has a system to regulate how state funds are distributed between the country's regions, including the capital city, which is controlled by a conservative mayor and had been pushing for a larger slice.
The Supreme Court Wednesday ruled the level should be raised from 1.4% of total funds to 2.95%, after it was cut during the pandemic. Fernandez said the ruling was unjustified and pledged to ignore it.
Ex-ministers in Peru recount Castillo's dramatic final day
LIMA – Cabinet members under former Peruvian President Pedro Castillo say he was planning his impeachment trial defense and appeared confident he would win – right up until his explosive speech trying to dissolve Congress sparked his dramatic ouster.
Castillo was facing his third impeachment trial in just over 16 months in office when he went on the airwaves just before noon on Dec. 7 trying to wrest control of the legislature.
The speech came as a surprise, two members of his cabinet told Reuters. They initially expected him to survive the vote, calculating Congress had only 73 votes, below the 87 needed to approve his removal.
For former Culture Minister Alejandro Salas, the speech was the final nail in Castillo's political coffin. "Pedro Castillo committed suicide with a message," he said.
U.S. court rejects Maduro ally's bid to dismiss charges
A U.S. judge dealt a blow to Alex Saab Moran, a Colombia-born businessman accused in a corruption scheme involving Venezuela's ruling Socialists, by rejecting his assertion of diplomatic immunity.
Saab, an ally of Venezuelan President Nicolas Maduro, is being held in a Miami jail awaiting trial on charges of money laundering in the case.
"The evidence suggests that the Maduro regime and its accomplices have fabricated documents to cloak Saab Moran in a diplomatic dress that does not befit him, all in an effort to exploit the law of diplomatic immunities and prevent his extradition to the United States," the court ruled.
Petrobras chief to resign before the end of April term
Caio Paes de Andrade, the chief executive of Brazil's state-run oil firm Petrobras, will resign before his term ends in April, but has not yet set a date for his departure, six sources told Reuters.
Andrade's early exit would provide a pathway for leftist President-elect Luiz Inacio Lula da Silva to quickly install his own choice to lead the company. Lula, a leftist former president, takes office on Jan. 1.
Panama aims to reach 'fair' deal with miner First Quantum
PANAMA CITY – Panama's government is in talks with Canadian miner First Quantum Minerals over the conditions under which it operates its flagship copper mine, said top revenue official Publio De Gracia.
The official said the government was looking for a "fair" deal in which the company complied with its obligations, after the firm missed a deadline to finalize a deal that would have increased annual tax payments.
A key asset for both parties, the Cobre Panama mine accounts for roughly 3.5% of the Central American country's gross domestic product, according to government figures, and according to a financial analyst generates around half of First Quantum's core earnings.
Mexican leader backs inquiry into judge's alleged plagiarism
MEXICO CITY – Mexican President Andres Manuel Lopez Obrador said authorities should resolve a case of alleged plagiarism by a Supreme Court justice he nominated who had been in the running to take the helm of the country's top tribunal.
Justice Yasmin Esquivel was this week accused of plagiarizing her 1987 university undergraduate thesis, prompting calls for her to step down. Mexican news outlet Latinus carried the story.
Esquivel rejected the claims and on Twitter posted letters of support from academics who supervised her thesis. (Compiled by Sarah Morland and Isabel Woodford; Editing by Frances Kerry and Bradley Perrett)
Related Quotes
California's proposed wealth tax appears to take aim at popular strategies among the wealthy to avoid state taxes.
Can't get rid of U.S. that easily.
A Los Angeles teen who ran over a mother walking her baby in a stroller and received just a few months of camp as punishment was gunned down in Palmdale, California.
More than half of all Americans—56%—are concerned that they won't be able to achieve a financially secure retirement, according to a study from the National Institute on Retirement Security. The 2022 Anytime Estimate Retirement Finances Survey found that financial stress from the COVID-19 pandemic caused many Americans to stop saving for retirement entirely. In fact, only 63% of adults are saving for retirement—down from a pre-pandemic level of 93%, and the median amount Americans have saved for retirement is just $71,500.
States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.
‘Nobody even knows who this guy is,’ critics say, but he was still awarded with House panel assignments – showing the party ‘stands for nothing’
Bonds and stocks appear to be getting back to their usual relationship, a plus for investors with a classic asset mix in their portfolios amid recession fears.
(Bloomberg) — In a week marked by fresh recession angst from Wall Street to Davos, JPMorgan Chase & Co. finds the odds of an economic downturn priced into financial markets have actually fallen sharply from their 2022 highs. Most Read from BloombergHolmes Belongs in Prison, Not $13,000-a-Month Manor, US SaysGoogle to Cut 12,000 Jobs in 6% Reduction of Global WorkforceJPMorgan Model Shows Recession Odds Fall Sharply Across MarketsBeyonce Launches $100,000-a-Night Dubai Resort’s Luxury BetTrump N
Two men have reportedly been killed by knife-wielding roosters in separate cockfights in India. To mark the three-day celebration of the Hindu Makar Sankrati festival, people gathered to hold cockfights in the Kakinada and East Godavari districts on Sunday, according to reports. During the incident in Kakinada, Gande Suryapraksha Rao, the 43-year-old owner of one of the fighting roosters, bled to death after being slashed by his prized cock.
The U.S. Postal Service is raising prices this weekend. The increases make good fiscal sense for the USPS, even if they raise the hackles of the agency’s loyal customers. The USPS announced the increase in October; its oversight body, the Postal Regulatory Commission, signed off on the plan in November.
STORY: Macron wants to raise the retirement age by two years to keep the pension system out of the red. He has offered a guaranteed minimum pension of 1,200 euros ($1,300) per month after working a complete full-time career.The reforms will raise the retirement age to 64 from 62 and the number of years workers must pay in from 42 to 43 to receive a full pension.Other leftist parties such as the New Anti-capitalist Party and the Generation also joined Saturday's protest, which followed a nationwide strike and protest on Thursday (January 19), which saw more than 1 million people march in cities across France, and shut down fuel depots, schools and some public transport.The reform still needs to go through parliament, where Macron has lost his absolute majority but is hoping to get it passed with the support of conservatives.Trade unions have called for a new day of nationwide protests on Jan. 31, but the government has shown no sign of backing down.French protester Sadia Lakel said, "I think I will be crushed by the train before it reaches the end. But as long as I'm still standing, as long as I'm breathing, I would stand to fight so that people won't spend their lives at work, so that we can enjoy our families, our children, our hobbies, our friends. If not, it's not a life. We're not only here to work."
Talk about workplace violence!
The Theranos founder booked a one-way ticket to Mexico set to depart after her conviction, a new court filing revealed.
Lawmakers in those states say the taxes would raise billions in funding for vital social programs.
The Sailor died this week after suffering injuries with a unit under attack by Russia
The decision challenges a deferred prosecution agreement Boeing reached with the U.S. Department of Justice in 2021, after it was charged with conspiracy to defraud the federal government.
Supporters of taxes on the very rich contend that people are emerging from the COVID-19 pandemic with a bigger appetite for what they’re calling “tax justice.” Bills announced Thursday in California, New York, Illinois, Hawaii, Maryland, Minnesota, Washington and Connecticut vary in their approaches to hiking taxes, but all revolve around the idea that the richest Americans need to pay more. Similar legislation has died in state legislatures and Congress.
Amazon Web Services plans to invest $35 billion in new data centers in Virginia under a deal with the state, Gov. Glenn Youngkin announced Friday.
Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty to fraud charges. The Department of Justice revealed the seizure of Robinhood shares earlier this month, but it provided a more complete list of seized assets Friday, including cash held at various banks and assets deposited at crypto exchange Binance.
The city of Los Angeles has selected the designs of six finalists in the competition to become the city’s memorial to the Chinese massacre of 1871. In August last year, Mayor Eric Garcetti, along with the city's Department of Cultural Affairs, the office of Councilmember Kevin de León and El Pueblo de Los Angeles Historical Monument, requested the public send in conceptual proposals to develop a memorial for the victims of the 1871 Chinese massacre. The massacre, which occurred on Oct. 24, 1871, saw a mob of hundreds murder at least 18 Chinese men in a racially motivated attack in the old Chinatown neighborhood.

source



Leave a Reply

Your email address will not be published. Required fields are marked *