From Tokyo to the Pampas
"...came to a boil one recent evening, when a hungry mob forced a [cattle truck] driver to let out a cow and proceeded to slaughter it right there on the street."
"...[T]he administration wants banks to give the Internal Revenue Service new details on their customers and provide data for accounts with total annual deposits or withdrawals worth more than $600."
"World Bank economist rules out risk of hyperinflation in Argentina"The World Bank has ruled out the risk of hyperinflation in Argentina, where year-on-year prices have surged more than 50 percent, and believes a new agreement with the International Monetary Fund (IMF) regarding the country's multi-billion-Dollar debt will further reduce that possibility."I don't see that risk," said William Maloney, the World Bank's chief economist for Latin America and the Caribbean, at a press conference on Wednesday, when asked about the threat of consumer prices spiraling out of control in consumer prices in Argentina."Inflation is around 50 percent but the government still has some tools to prevent the crisis from deepening."