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Davis Cup, Argentina vs Finland LIVE: the doubles, Cerúndolo and Cachín score for the series victory

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Jason
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Davis Cup, Argentina vs Finland LIVE: the doubles, Cerúndolo and Cachín score for the series victory

The selected of Davis Cup of the Argentina also finished with Finland 1 to 1 after the first game day of the series cheering on the city of Espoo for the Qualifiers 2023after the triumph of Francisco cerundolo on Otto Virtanen, who arrived after the rookie’s crash Pedro Cachin against the best local tennis player, Emil Ruusuvuori.

The tie continues this Sunday at 8:00 (Argentina time) with the crux of the doubles cheering Andrew Molteni (36) and Massimo Gonzalez (45) against the locals Ruusuvuori (43) and Harri Heliovaara, “top ten” in the specialty since he is number 10 in the world.

After the doubles point, which like all the others will be broadcast by TyC Sports, the number one of each nation will face off, namely Cerúndolo, who did not finish well physically, against Ruusuvuori, and in case the draw is not defined, Cachín will face Virtanen, although if there was a winner beforehand, the captains can agree not to play.

Source: Clarin

Blue dollar today: how much is being traded this Sunday February 5th

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Blue dollar today: how much is being traded this Sunday February 5th

The price of Dolar blue it’s $375.00 to buy and $379.00 to sell, this one Sunday 5 February 2023.

The price of the blue dollar over the past 30 days

So far in February 2023 the blue dollar rises compared to the previous month: the difference is 7%.

The price of the blue dollar in the year

So far in 2023 the blue dollar rises compared to 2022: the difference is 78%.

The gap between the official dollar and the blue dollar

The value of the blue dollar has a substantial difference with the official dollar, which can be purchased in banks and has a set price. The gap between the official dollar and the blue dollar is 101%.

What is the blue dollar

He Dolar blue It is what circulates on the black market and usually has a higher value than the official one. This dollar is not bought in banks or official exchange houses.

What time does the blue dollar price close?

The price of the blue dollar closes together with that of the official dollar: at 15:00, from Monday to Friday.

Why is it called the blue dollar?

One explanation of its name indicates that it is so called because “blue”, in English, in addition to naming the color blue, refers to something “dark”. Another theory relates it to purchase operations through bonds or shares of companies known as “blue card”. And it is also related to the approximate color that appears when a fiber is applied to detect counterfeit banknotes.

official price in dollars

The price of official dollar That’s $186.97 to buy and $195.88 to sell, this Sunday, February 5, 2023, according to Banco Nación.

stock market price in dollars

The price of dollar purse It’s $354.47 to buy and $354.55 to sell, this Sunday, February 5, 2023.

CCL dollar quote

The price of CCL dollar It’s $362.10 to buy and $366.37 to sell, this Sunday, February 5, 2023.

Source: Clarin

Three skiers killed in avalanches in Austria

By
Mary
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Three skiers killed in avalanches in Austria

three skiers diedin separate avalanches that occurred in the last few hours, in the regions of Tyrol and Vorarlberg, two of the nine federated states that make up the Republic of Austria.

As reported this Saturday by the Europa Press news agency, one of the victims died after being buried by snow in the municipality of Kaltenbach in the Schwaz district (Tyrol).

It is a 17-year-old New Zealand tourist who skied alone, according to the police authorities, cited by the German newspaper ‘Die Presse’, based in Vienna.

The body of another middle-aged man was also found in the morning under the snow in the Alpine valley of Kleinwalsertal (Vorarlberg) and the latest victim is a 32-year-old Chinese skier who died in another avalanche in the Oetztal valley. , also in that region of the Alps, famous as a ski and hiking resort, said the dpa agency.

Likewise, the cases of two other missing people were reported in the Tyrolean town of St. Anton Am Arlberg, known for being the gateway to the Arlberg ski area, the “cradle of alpine skiing”, but the rescue operation was suspended due to danger to emergency personnel.

For his part, in Warth am Arlberg, a 15-year-old teenager was rescued alive after 15 minutes in the snow and was transferred to the hospital in Zams. “There are many irresponsible people who go skiing,” explained a spokesman for Vorarlberg’s control center, Adi Rohrer, quoted by ‘Die Presse’.

The storms and strong winds have raised the avalanche warning level in Austria to 4 on a scale of 5 and so far 17 avalanches have been recorded, of which nine affected only in the Tyrol area.

A precedent in Argentina

In July 2022, in Mendoza, on one of the ski slopes of Las Leñas, the publicist Juan José Alejandro Cravero (59), partner of the Craverolanis agency, and his friend César Jorge Lago (42), businessman from San Isidro.

The episode for which the wounded man had to be transferred could have resulted in a greater tragedy. The intervention of other skiers, including a doctor, instructors and slope personnel, was decisive for the rescue of two people who were trapped.

Snow was falling down a hillside as Cravero, Lago and another friend identified as Matías descended the Ceñidor slope (for off-piste free skiing) at the convergence of the Neptuno and Venus slopes of the ski complex in southern Mendoza.

The three skiers were swept away by the avalanche and Cravero and Lago were buried in the snow. Thanks to the intervention of other tourists and trackers, who operate in that place as technical personnel, they managed to save them.

With information from Telam

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Source: Clarin

Campaign spending: a tiger with worn claws

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Campaign spending: a tiger with worn claws

By Sebastiano Menescaldi

Associate Director of Eco Go

In all election years, the governments of the day look for different tools to consolidate and increase their electoral base, both through an increase in public spending, a reduction in taxes or an increase in family transfers. All policies that economists call “expansive” and whose effectiveness depends mainly on maintaining a stable macroeconomy.

The particularity that will have this year is that election spending will be severely limited, in continuity with the agreement signed with the IMF. According to the agreed targets, the primary deficit is projected to decline this year from the 2.4% of GDP observed in 2022 to 1.9%. All of this is conditional on falling income in terms of GDP and exacerbates the need to adjust fiscal spending to reduce the deficit.

According to initial estimates, the only electoral expenditure that would be incurred would be that of public works. Linked to loans obtained abroad, spending on construction would be similar to that of 2022, around 1.6% of GDP. This would allow to support the main tool that contributes to a depressed activity. Works related to energy, roads and water are those that bring the largest outlays.

It will be different what happens with subsidies and transfers. Updating the tariffs of public services (electricity, water, electricity and public transport) by eliminating subsidies will lead to a reduction in disposable income for households equal to 0.6% of GDP or the equivalent of a loss to the household of $80,000 a year.

On the other hand, social benefits would also suffer. After reaching 3.8% of GDP in assistance in 2022, these values ​​will return to 2.9% in 2023. to support and increase income levels until the first half of 2022.

Today this aid, which accounts for nearly 6% of household income, declined in real terms by 12.5% ​​year-on-year in the last quarter of last year and is not expected to recover throughout 2023.

Finally, pensions would also remain at minimum values ​​in real terms and accumulate a deterioration of 11% compared to the values ​​at the end of 2019. There is no improvement on this front either.

The problem here lies mainly in the Government’s poor financing capacity, with foreign credit closed, the need for net payments for services with the IMF and limited to the will of the local market (frightened by the possible risk of political transition). to finance excess costs.

It is clear that, with annualized inflation at 100% and the prospect of a dollar shortage, issuing more pesos to finance larger transfers is not an option. It will only lead to a further deterioration in expectations and a new jump in prices that will liquefy any improvement.

Therefore, the economic policy options to improve citizens’ pockets appear seriously limited. Some progress could only be made if “rabbits” appeared. which temporarily make it possible to find more resources (or postpone disbursements or tax payments), but which are not consistent with the long term and lead to a deterioration of public assets in general.

We are also not saying that these policies will not be introduced. Measures to soften the pockets of workers will certainly be implemented, but their duration will probably be shorter than on other occasions and their effect is only “propaganda” and not real.

On the other hand, even the macro does not help an authentic recomposition of household income. Without expectations and with high inflation, economic activity has been stagnant for more than a year and the lack of foreign exchange suggests a deterioration in 2023. Thus, real household income, which today stands at levels below 12 % compared to the values ​​​​of 2015 and similar to those of 2019, they also do not have expectations of continuing to improve.

In this context, perhaps the best electoral policy, given the fragility of the economy, will simply be to try to prevent the ship from capsizing and to get it to port as fully as possible, taking into account the problems to be expected along the way.

Source: Clarin

ChatGPT: the dilemma of artificial intelligence and a challenge for Justice

By
Linda
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ChatGPT: the dilemma of artificial intelligence and a challenge for Justice

By Lucas of Venice*

Recent innovations in the field of information technology related to the development of new and improved Artificial Intelligence (AI)along with its irruption and direct implications in the Argentine legal system and in their practices they invite us to rethink new scenarios which look like unmapped territory.

There is a real possibility to analyze the prolonged coexistence – or not – with new computer systems which include great and/or questionable advances in digital knowledge tools. We are talking about advanced technology and its direct application in law.

We are proactive in ensuring that the impact of this new technology on the justice system and academic establishments is fair and just for all? How does this fit into existing principles and rules?

THE implementation of artificial intelligence in the legal world must be carefully considered and planned, with an approach based on ethics and the transparency. It is necessary that the AI ​​is designed in such a way that, in addition to avoiding discrimination and guaranteeing Justice, it has it continuous review and evaluation mechanisms to ensure its correct use.

ChatGPT, a disruptive technology

The recent appearance of ChatGPT3developed by artificial intelligence laboratory Open AI, change everything. It is a type of artificial intelligence that allows users to directly interact with the machine through a chatbots in a practical, simple, extremely agile and versatile way.

All through a fluid, receptive and funny dialogues where the computer is embedding and capturing every interaction it receives, from questions and concerns to statements or corrections you make. Primarily designed for mimic patterns of human conversation, Chat GPT It is extremely useful and controversial.

Breaking it down further, these chatbots are so powerful that they boast the skill multitasking of power create journalistic, legal or academic texts, in keynotes, papers or thesesproduce songs, poems, poems, create laboratory formulas or solve school assignments.

Its scope has no tangible limits and of course we are indeed in the presence of an initial prototype which is in constant development and which will no doubt continue to evolve.

If the same application is made a Chat GPT Of two different usersis likely to produce similar responses, but not necessarily identical. As the model receives more information and is trained with new data, its ability to generate unique and original responses increases.

It is important to pay attention ChatGPT has no conscience or intentionis just a mathematical model that is based on linguistic patterns, so the responses generated are not original in the human sense of the word, but are combinations of phrases and words already seen in the text with which you have been trained.

Moreover, it lacks the ability to apply ethical or moral criteria in his answers, since he has no canons that allow him to distinguish between good and evil.

ChatGPT: moral dilemmas

This systematized and unlimited access to all kinds of information generates controversies in different fields of studyfor example, in orthodox epistemology it represents the controversies to be placed directly as a threat to human capability interact slowly, thoughtfully and thoroughly, in a way of intellectual honesty, with a book or with any type of complex argument put in writing.

The appearance of this intelligence could have a significant impact on teaching methodology. Perhaps gradually and as this technology spreads, the routines or old memotechnical rules surrounding the way we teach and learn will be progressively abandoned.

How we used to commune with these study habits will change, as blunt as that may sound; it will no longer be so relevant to know how to do somethingbut it will be about understanding where to find what you need and how to assign a computerized value to that search.

It will necessarily be necessary to focus on machine learning. AI builds on this and teaching methodologies could be adapted to teach students how to use these techniques to analyze data and make decisions. This innovation can generate automated decisions, so it is important to teach students how to analyze and question the reasoning behind AI decisions, stimulating the critical thinking.

ChatGPT: artificial intelligence in Justice

Artificial intelligence is being used more and more for improve the efficiency and accuracy of the justice system. This question is a reality, since automated analysis of legal documents to the same computer representation in judicial processes. However, with this technology comes the responsibility of ensuring that the rights of the most vulnerable are not violated and the levels of inequality of the parties involved in the process are deepened, which constitutes a significant chapter of the constitutional procedural law.

Argentina is seeing an increase in the adoption of AI technologies in the legal sector, with a particular focus on the use of chatbots such as Chat GPT. These natural language programs enable lawyers automate repetitive tasksimprove efficiency and provide better customer service.

When asked whether or not ChatGPT can be implemented in the Argentine judicial system, the chatbot itself replied:

THE Implementation of ChatGPT in Argentine justice could have different uses depending on the specific purpose, some examples could include:

  • Analysis of legal documents: ChatGPT could be used to analyze large quantities of legal documents, such as judgments and laws, to help judges make decisions.
  • Legal Document Generation: ChatGPT could be used to generate automated legal documents, such as judgments and orders, quickly and accurately.
  • Outcome prediction: ChatGPT could be used to predict possible outcomes of a case, based on patterns and relationships identified in the data.

In general terms, AI can process large amounts of data and documents quickly and accuratelywhich can help streamline judicial decision-making, identify patterns and relationships that may go unnoticed by humans and undoubtedly reduce costs by automating tasks and processesHowever, in the balance we have to weigh them too risks.

Mainly visible in terms of possible situations of discriminationresulting in the replication of existing inequalities or biases in the data used for its training, from which the chatbot obtains its sources, a crucial issue that can lead to wrong decisions.

The question regarding the “transparency” It is another advantage to consider since it can be difficult to understand how the AI ​​arrives at its decisions, which can make it difficult to review and evaluate them, in addition to their ethical considerations, as already expressed initially.

It is essential to note that although we are in the presence of advanced technology, it is still present development processergo it is fair to point out that with regard to the legal issues that this AI has been asked -sometimes- it has raised wrong or inaccurate answers, which, if necessary, could lead lawyers and/or judges to make wrong decisions. Therefore, caution is warranted when evaluating these new AI tools: surveillance of the man continues to be an essential counter-insurance.

We’ve just managed to assess some of the changes that could come with the GPT chatbot. The first response seen in study centers in the United States (New York, Seattle) was to ban them from the Wi-Fi networks of those places, which is naive and ineffective given that it can be accessed via mobile data.

A provisional conclusion leads to a case-by-case study, in a context where there is interaction between user and machine, honesty in everyone’s contribution and transparency of roles. The didactics will be put to the test with tendencies towards the increase of the presence in the classroom and of specific and differentiated arguments. The bot tends towards automated and linear response; He human thought must be sophisticated and multifaceted survive as such to the ravages of the present time.

*Lucas de Venezia is a lawyer (UCA), doctoral candidate in law (UNLZ) and university and postgraduate professor (UCES).

Source: Clarin

Despite strong growth, the United States faces a recession process

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Despite strong growth, the United States faces a recession process

From

George Castro

International analyst

The US economy beat all expectations and grew 2.9% annually in the fourth quarter of 2022, despite rising interest rates of the Federal Funds by 0.75 percentage point achieved by the Federal Reserve on three consecutive occasions to face a record inflation which rose to 10.5% per annum in October of last year.

Despite their high level, the fourth quarter data resulted in a setback compared to the 3.2% increase recorded in the previous quarterwith the addition that in this period there was the record creation of over 400,000 jobs, mainly in the service sector.

The key strategic insight into the US economic situation is that underlying domestic demand as revealed by final sales to domestic consumers (excluding government spending) it increased by only 0.2%, while in the previous quarter it had grown by 1.1%..

At the same time this was accompanied by a real collapse of fixed rate investment which decreased by 6.7% annually, while spending on the construction sector decreased by 26.7% annually at that stage.

That is why the North American product, the first in the world (26.4 trillion US dollars/25% of world GDP), it increased by just 1% in 2022, in contrast with the significant increase of 5.7% of the previous year; and now everything indicates that it is facing a recessionary situation in the second and third quarters of this year.

This is it it has resulted in drastic cost cutting in all companies Americans, manufacturing and services, which has acquired paroxysmal characteristics in the driving sector of the world’s largest economy, which are the high-tech companies led by the global platforms of Amazon, Microsoft, Google and Facebook.

The surprising thing is that this happens when the unemployment rate is still at 3.5%, the lowest in the last 60 yearsand job creation capacity is on the order of an average of 400,000 jobs quarterly.

Meta, the new name Mark Zuckerberg gave to his Facebook, Instagram and WhatsApp holding company, has laid off 13,000 highly skilled workers in the past two weeks, representing 13% of its global workforce.

Elon Musk went even further, completing his Twitter dominance by cutting half of his workforce (3,100 workers). Finally, Amazon owner Jeff Bezos fired 10,000 of his core staff.

The Federal Reserve estimates that exceptional US job creation, especially in the services sector, is the main cause of high inflationand this is what forces wages to rise above the price increase to address the lack of sufficiently skilled workers, which constitutes a vicious circle that notoriously tends to feed itself.

This is accompanied by a significant reduction of a structural nature in the workforcewhich has lost around 3 million workers since 2019, according to Deutsche Bank, adding that more than 2/3 of that decline is due to demographic factors, primarily an aging population.

If it is added the decline registered by regular immigrationwhich has decreased by more than 30% in the last 10 years, the reduction in the workforce amounts to more than 7 million workers.

This of course contrasts with the wave of illegal immigration that the US is living through its southern border, practically open during the Biden government, and that in 2022 alone exceeded 2.5 million people from all over the world, and in particular from Central America and the Caribbean, eager to share the “American dream” of an economy that has only 3.5% unemployment and grew by 5.7% in 2021.

All indications are that the aging of the population, with its consequent withdrawal from the workforce, is the crucial factor behind the persistently high rate of inflation in the United States.

It should be noted that what characterizes population aging is that by definition increases demand and reduces supplyunlike 18-29 year olds who do the exact opposite, and therefore are a disinflationary force, as was particularly the case with the early post-war “Baby Boomers”, and who have now clearly outlived their relevance due to the inexorable weight of biology, whose laws are impossible to avoid.

This is the framework with which the US faces the electoral process of 2024, in which the leadership of the White House is at stake, which is currently experimenting with the mandate of Joe Biden a situation of extreme weaknessin which the Republicans who control the House of Representatives are on the offensive against the president.

He The US power system is a shared powerand both the Executive and Congress, especially the lower house, are constituent members of the system of government.

This is how the first power in the world is governed in the 21st century, in a country where the national consensus has practically disappeared.

Source: Clarin

Brussino and the video of his historic game in Spain: he scored 35 points and didn’t miss a single shot from the field

By
Jason
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Brussino and the video of his historic game in Spain: he scored 35 points and didn’t miss a single shot from the field

The Argentine Nicholas Brussino he engineered a brilliant task this Saturday, with no errors in pitching down the field, to lead the Gran Canaria on Unicaja Málaga for 88-70, in one of the previews of the 19th. date of Endesa League basketball Spain.

The 29-year-old Santa Fe striker signed an error-free form. The former Dallas Mavericks and Atlanta Hawks player has teamed up with 35 points (5-5 doubles, 5-5 triples, 10-12 free throws), 9 rebounds, 3 assists and a steal in the almost 34 minutes he was on the field in the rectangle of the Gran Canaria Arena.

The work of the former player of Penarol de Mar del Plata he finished with a score of +49, the third assessment individual in this century in a match of the Spanish league. just the huge louis schoolon two occasions and with Tau Cerámica (2002, 2004), he had been the Argentine basketball player with the highest score (+52).

Furthermore Brussino, member of the Argentine national team who will establish the ranking a World Cup 2023 in the next qualifying window against the Dominican Republic and Canada in Mar del Plata later this month, becomes the highest scoring “canary” player in a game, surpassing the 33 Lance Berwald had made in 1989, with 14-14 in field goals.

In this way the man from Santa Fe accumulates an average of 11.3 goals; 5.1 rebounds and 2.2 assists per game at the end of the season.

In another meeting of the day, Mombus Obradoiro, with the help of the Santa Fe escort Fernando Zurbrigendefeated Bilbao Basket 77-64.

The Obras Basket experimenter finished with a report of 8 points (1-2 on three-pointers, 5-5 on free throws), 2 steals, a rebound and a pass on goal in 18 minutes. for the cast of Santiago de Compostela.

For his part, the Cordoba striker John Paul Vaulet (ex Peñarol de Mar del Plata and Bahía Basket) achieved a balance of 11 points (2-4 in doubles, 1-3 in triples, 4-4 in free throws), 5 rebounds and 2 steals in 25m. for Baxi Manresa, who loses to Joventut de Badalona, ​​73-65. Also, Betis beat UCAM Murcia 84-71.

Source: Clarin

Mariano Martínez spoke of a difficult personal moment: “I was very bad”

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Mariano Martínez spoke of a difficult personal moment: “I was very bad”

Mariano Martinez gave a profound interview in which, with an open heart, he opened up about a crisis who have suffered during the coronavirus quarantine.

The last few years have been a bit difficult for many people and it seems that this has been the case with the actor, who these days has been involved in rumors of a love story with a young dancer named triana ybanez.

It is with whom Mariano spoke Catherine Dlugi In wait Catalinathe cycle that the journalist conducts on La Once Diez / Radio de la Ciudad and has ensured that she enjoyed it a lot.

“What has happened in recent years as a society with the pandemic has affected everyone differently and no one has been exempt,” said the artist.

And continued: “Actually me I’ve had a very bad time during the pandemic, I’ve had horrible times that I leave them already in the past”.

“Something more personal, more personal happened to me. It was a personal crisis. For a series of things I was very bad. Can’t say depressed because it’s a strong word, but I was really, really hurt,” he said.

Soon after, the actor explained that during that phase some of his ties changed: “Sometimes I’ve heard, in addition to having my children, that people you thought were friends have disappeared and people who didn’t wait for me helped me to go forward”.

“People think you have a quiet life or an easy life, but that’s not my case. I fight a lot for my well-being or for this gift that I have today. Things don’t fall out of the sky at me,” she added.

“I have children, things to support and they are very big responsibilities… plus the pandemic, plus age, I felt it was a very difficult time yet I am a strong and resilient person and I always keep going and even if it could be bad if I never put my arms down,” he said.

“The light is always there and you have to keep going”concluded the artist who highlighted how comfortable he is with his professional present.

It is that, fortunately, the bad times are behind us and a few months ago he returned to the stage directed by a great friend, Nicholas Cabre.

The actor is one of the protagonists along with Bicho Gómez, Yayo Guridi, Mercedes Oviedo and María Valenzuelaof work Tom, Dick and Harry.

Who is Triana Ybañez, the alleged new girlfriend of Mariano Martínez

Apparently, a Mariano Martinez He’s not only doing well professionally, but some rumors suggest he might be in love again.

In recent weeks, some versions have emerged that ensure that the actor would be very close triana ybaneza young dancer.

“This girl is a dancer and is a friend of Lourdes Pupi, Claudio Brusca’s last ex, who is now dating Laurita Fernández,” she said. Rodrigo Lussich in mid-January in Show Partners (El Trece, Monday to Friday at 11am).

“Triana Ybañez is Mariano Martínez’s new girlfriend and this is a bomb”, added the journalist, who together with Adriano Pallares.

Soon after, they showed a series of images by the artist and one in particular attracted attention for one detail. It was a photo in which Triana poses in a swimming pool which, apparently, belongs to Mariano.

“There we see that the stairs in the photo posing in the pool are the same as in Mariano’s photo. Also, you can see the blue float. It’s the same pool. In fact, the post Mariano liked was uploaded by Martinez,” Martinez explained Pallares.

Source: Clarin

An increase in tolls is on the way and some believe it could unravel the dispute between the Government and Autopistas del Sol

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An increase in tolls is on the way and some believe it could unravel the dispute between the Government and Autopistas del Sol

Four months ago, the government filed a lawsuit against Autopistas del Sol and Abertis’ Grupo Concesionario del Oeste. The National Executive maintains that the extension of these concessions – agreed in the previous management – presents irregularities. However, The Presidency is preparing to authorize toll increases on the Pan-American and Acceso Oeste motorways, the two corridors managed by this group.

The go-ahead for the increases has fueled suspicions in the motorway market. Sources speaking to both the government and the company assure clarion that “there is an ongoing negotiation” to unlock the judicial dispute. The possibility of an agreement was denied by the Ministry of Public Works, in charge of carrying out the process, at the request of the Presidency. “There is no rapprochement, there is a legal case in between,” they replied from that unit, led by Gabriel Katopodis.

In Abertis, the Spanish shareholder of Autopistas del Sol and Grupo Concesionario del Oeste, are open to dialogue. The company usually requests the recomposition of the tolls it applies on the basis of inflation and the conditions appearing in the concession contract.

Official sources have confirmed that there will be an increase in tolls, even if they have not established a deadline. “It will be close to 100% and will be in effect from March,” explained an interlocutor who is in dialogue with both (State and private). “I don’t think if the fight was that fierce they would authorize a raise. It could be a sort of ‘impasse’ for a negotiation”, they interpret in another company of the same sector. As of February 2022 both highways were cleared with a 26.5% increase. It was lower than 2021 inflation (it was almost double). And it was after nearly three years with no raises.

Since December 2022, Autopistas de Buenos Aires (Aubasa) – which operates route 2 and other provincial routes (11, 56, 63 and 74) has increased tolls by 90%. In March there will be 35% more. The highways operating in the city (25 de Mayo, Perito Moreno, Illia) will also apply a 45% recomposition in March and 40% in May. “They cannot authorize increases on the provincial highways, on the city ones and not on the two with the highest traffic in the country”, specifies the same who sees private companies and the State closer to dialogue than to litigation. “The fight does not benefit anyone. The legal issue must be resolved or at the very least it will not be investigated”, he says, even if he asks not to be quoted.

“Either way, the hike will improve workers’ wages, but not for the company,” another official insinuated, acknowledging the imminent hike. “A toll increase shouldn’t be a sign of rapprochement in a dispute. It’s an acknowledgment of costs,” he says.

Four months ago, the government filed a lawsuit to cancel the Pan-American highway concession. In turn, he asked the Justice for “a precautionary measure for the National State to take over the management of the Northern Access”. The Executive has obtained authorization to designate a veedor. The lawsuit made no further relevant progress.

The Government wants to annul a 2018 decree. According to the interpretation of the Executive, an agreement concluded between the concessionaires and Strada Statale in the previous administration (2015-2019) “committed the State with a million-dollar debt, non-existent and harmful to the interests of users.

Close to the concessionaires they understand that the renegotiation has been beneficial for the State (which has saved hundreds of millions of dollars of recognized debt) and that the so-called “dollarisation” of the tariffs referred to by the Executive Branch is not such.

Economy Minister Sergio Massa has always been known for trying to be “open” to dialogue with all companies, regardless of the origin of their share capital. “It is not useful for him to bring a state trial against a Spanish company,” analyzes a former official who was negotiating with multilateral organizations. “When you have to talk to a multilateral, where there are administrators from several countries, it is advisable not to enter into conflict with any of them”, he adds. In any case, the fate of the motorways is legally linked to the decisions of the Ministry of Public Works.

Source: Clarin

Sergio Massa asks not to be fooled by inflation, but he is the one who needs a ‘trap’

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Sergio Massa asks not to be fooled by inflation, but he is the one who needs a ‘trap’

On Friday at the Cck ceremony for the relaunch of the Fair Prices program, a version of the price controls applied by the Government, Sergio Massa, Minister of Economy, highlighted the following.

“No one in this deal is to cheat. Some companies have restricted the supply of products in gondolas by claiming they have no supply in the value chain. Just as we once said that we cannot allow companies to under- or over-invoice imports or exports, we cannot allow access to public benefits to not end up redundant to the advantage of the consumer or citizen. We must make the effort together, avoiding trouble. Just like we put incentives, we must also expose those who cheat the state”, Massa warned in the CCK.

In economics, there is something called price (P) by quantity (Q) -pxq is its algebraic expression-, and one of its maxims states that both variables cannot be controlled and a choice must be made between driving up prices (more inflation) or shortages (limited supplies on shelves). Massa aims to argue that q does not decrease, monitoring that businessmen do not “cheat”.

The Economy Ministry knows that stabilizing inflation is the card with which the minister plays his image as a political leader for this election year and his future projections.

But what Massa doesn’t matter is that a sharp drop in inflation would be costly because the exchequer would lose revenue and a fraction of expenditure would increase in real terms, as happens for pensionsaccording to a recent study by the consulting firm Analytica, led by economist Ricardo Delgado.

“56% of primary expenditure is made up of social benefits, pensions and social programs. These items, either automatically or at your discretion, are adjusted based on past inflation. If it were reduced in the coming months, more than half of public spending would increase in real terms, because the adjustments come with a lag. In the meantime, tax revenues would also grow, but to a lesser extent: in real terms they are more insensitive to changes in the inflation rate. Consequently, the primary deficit, in a context of downward inflation, would grow”.

The fiscal target committed to the IMF of a 1.9% deficit is compatible with an average monthly inflation of 5.5%a 90% annual change between ends, says Analytica.

In Argentina we always talk about the advantages of lowering inflation. They are undeniable. But it also poses challenges for the Treasury. The less prices go up, the more difficult it is for politics to hide the adjustment it has promised to make with the markets. Or vice versa: inflation smears the figures and hides the adjustments of the non-updating of assets and benefits. It is the inflation trap.

Source: Clarin

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