Axel Kicillof
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Axel Kicillof
Axel Kicillof (, born 25 September 1971) is an Argentine Peronist economist and politician who has been Governor of Buenos Aires since 2019. Kicillof completed an ideological turn, from teaching Marxist economics to the doctrine of Perón, joined the Justicialist Party and is already vice president of the party. The governor is seen as combining academic scholarship with overwhelming charisma. Kicillof also served as Argentina's Minister of Economy from 2013 to 2015 under the administration of President Cristina Fernández de Kirchner. Described by his biographer as “the economic guru who captivated Cristina Kirchner,” Kicillof was instrumental in the 2012 renationalization of the energy firm YPF. It was on his advice that President Fernández de Kirchner decided not to meet holdout bondholder demands to be repaid what they were owed in 2014. The decision was supported by among others the United Nations, the Organization of American States, the G-77 (133 nations), the Co ...
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Governor Of The Buenos Aires Province
The Governor of Buenos Aires Province ( es, Gobernador de la Provincia de Buenos Aires) is a citizen of the Buenos Aires Province of Argentina, holding the office of governor for the corresponding period. The governor is elected alongside a vice-governor. Currently the governor of Buenos Aires Province is Axel Kicillof since December 11, 2019. Requirements To be able to be elected governor, the person must be an Argentine citizen and must have been born in Argentina, or be the child of an Argentine citizen if born in a foreign country.Constitución de la Provincia de Buenos Aires
- Art- 121
The citizen must also be at least 30 years old, and have at least 5 uninterrupted years of residence in the province if not natural from it. The term lasts 4 years, with the chance ...
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Argentine
Argentines (mistakenly translated Argentineans in the past; in Spanish (masculine) or (feminine)) are people identified with the country of Argentina. This connection may be residential, legal, historical or cultural. For most Argentines, several (or all) of these connections exist and are collectively the source of their being ''Argentine''. Argentina is a multiethnic and multilingual society, home to people of various ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. As a result, Argentines do not equate their nationality with ethnicity, but with citizenship and allegiance to Argentina. Aside from the indigenous population, nearly all Argentines or their ancestors immigrated within the past five centuries. Among countries in the world that have received the most immigrants in modern history, Argentina, with 6.6 million, ranks second to the United States (27 million), and ahead of other immigr ...
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Neo-liberal
Neoliberalism (also neo-liberalism) is a term used to signify the late 20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of Conservatism, conservative and Libertarianism, libertarian organizations, Political party, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society. The defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate. As an economic philosophy, neoliberalism emerged among European Liberalism, liberal scholars in the 1930s as they attempted to revive and renew central ideas from cla ...
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Keynesian Economics
Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. Instead, it is influenced by a host of factors – sometimes behaving erratically – affecting production, employment, and inflation. Keynesian economists generally argue that aggregate demand is volatile and unstable and that, consequently, a market economy often experiences inefficient macroeconomic outcomes – a recession, when demand is low, or inflation, when demand is high. Further, they argue that these economic fluctuations can be mitigated by economic policy responses coordinated between government and central bank. In particular, fiscal policy actions (taken by the government) and monetary policy actions (t ...
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American Bankers Association
The American Bankers Association (ABA) is a Washington, D.C.-based trade association for the U.S. banking industry, founded in 1875. They lobby for banks of all sizes and charters, including community banks, regional and money center banks, savings associations, mutual savings banks, and trust companies. The average member bank having approximately $250 million in assets. ABA is considered the largest financial trade group in the United States. The group offers training, certification, news, research, advocacy, and community for bankers and members of the financial services in America. History The origins of the American Bankers Association are in the Panic of 1873, when St. Louis, Missouri banker James Howenstein found himself in "a tight squeeze," with only a few hundred dollars in funds and millions of deposits to pay. Relying on help and intelligence from peer bankers in the form of frequent correspondence, Howenstein escaped his dilemma and realized the value of a banker ...
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Council On Foreign Relations
The Council on Foreign Relations (CFR) is an American think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ... specializing in U.S. foreign policy and international relations. Founded in 1921, it is a nonprofit organization that is independent and nonpartisan. CFR is based in New York City, with an additional office in Massachusetts. Its Members of the Council on Foreign Relations, membership has included senior politicians, numerous United States Secretary of State, secretaries of state, Central Intelligence Agency, CIA directors, bankers, lawyers, professors, corporate directors and CEOs, and senior Mass media, media figures. CFR meetings convene government officials, global business leaders and prominent members of the intelligence and foreign-policy community to discuss ...
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Group Of 77
The Group of 77 (G77) at the United Nations (UN) is a coalition of 134 developing countries, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization headquartered in Geneva, but it has since expanded to 134 member countries according to the organization. Pakistan holds the chairmanship as of 2021. The group was founded on 15 June 1964, by 77 non-aligned nations in the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (UNCTAD). The first major meeting was in Algiers in 1967, where the ''Charter of Algiers'' was adopted and the basis for permanent institutional structures was begun under the leadership of Raul Prebisch who had previously worked at ECLA. There are ''Chapters of the Group of 77'' in Geneva (UN), Rome (FAO), Vienna (UNIDO), Paris (UNESCO), Nairobi (UNEP) and the Group of 24 ...
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Organization Of American States
The Organization of American States (OAS; es, Organización de los Estados Americanos, pt, Organização dos Estados Americanos, french: Organisation des États américains; ''OEA'') is an international organization that was founded on 30 April 1948 for the purposes of solidarity and co-operation among its member states within the Americas. Headquartered in the United States capital, Washington, D.C., the OAS has 35 members, which are independent states in the Americas. Since the 1990s, the organization has focused on election monitoring. The head of the OAS is the Secretary General of the Organization of American States, Secretary General; the incumbent is Uruguayan Luis Almagro. History Background The notion of an international union in the New World was first put forward during the liberation of the Americas by José de San Martín and Simón Bolívar who, at the 1826 Congress of Panama (still being part of Colombia), proposed creating a league of American republics, w ...
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United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquarters of the United Nations, headquartered on extraterritoriality, international territory in New York City, and has other main offices in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and Peace Palace, The Hague (home to the International Court of Justice). The UN was established after World War II with Dumbarton Oaks Conference, the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for United Nations Conference ...
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Holdout Problem
In finance, a holdout problem occurs when a bond issuer is in default or nears default, and launches an exchange offer in an attempt to restructure debt held by existing bond holders. Such exchange offers typically require the consent of holders of some minimum portion of the total outstanding debt, often in excess of 90%, because, unless the terms of the bond provide otherwise, non-consenting bondholders will retain their legal right to demand repayment of their bonds at par (the full face amount). Bondholders who withhold their consent and retain their right to seek the full repayment of original bonds, may disrupt the restructuring process, creating a situation known as the holdout problem. The contractual terms for obligating all bondholders to accept a restructuring approved by some supermajority is typically spelled out in what are known as Collective Action Clauses, or CACs. In some jurisdictions, CACs or their equivalents are required under local law, but this is no ...
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Vanity Fair (magazine)
''Vanity Fair'' is a monthly magazine of popular culture, fashion, and current affairs published by Condé Nast in the United States. The first version of ''Vanity Fair'' was published from 1913 to 1936. The imprint was revived in 1983 and currently includes five international editions of the magazine. As of 2018, the Editor-in-Chief is Radhika Jones. Vanity Fair is most recognized for its celebrity pictures and the occasional controversy that surrounds its more risqué images. Furthermore, the publication is known for its energetic writing, in-depth reporting, and social commentary. History ''Dress and Vanity Fair'' Condé Montrose Nast began his empire by purchasing the men's fashion magazine ''Dress'' in 1913. He renamed the magazine ''Dress and Vanity Fair'' and published four issues in 1913. It continued to thrive into the 1920s. However, it became a casualty of the Great Depression and declining advertising revenues, although its circulation, at 90,000 copies, was a ...
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Presidency Of Cristina Fernández De Kirchner
The Presidency of Cristina Fernández de Kirchner began on 10 December 2007, when she became President of Argentina. She was an Argentine Senator for the Buenos Aires Province at the time of her victory in the 2007 Presidential election. Cristina Fernández de Kirchner became the second female president of Argentina, and the first one directly elected as such ( Isabel Perón was elected as vice president, and became president after the death of Juan Perón). In elections of November 2015, she was succeeded by Mauricio Macri as President. Election to Presidency of Argentina With Fernández de Kirchner leading all the pre-election polls by a wide margin, her challengers were trying to force her into a run-off. She needed either more than 45% of the vote, or 40% of the vote and a lead of more than 10% over her nearest rival, to win outright. Fernández de Kirchner won the election in the first round with 45.3% of the vote, followed by 22% for Elisa Carrió (candidate for t ...
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