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Bicentennial Fund
The Bicentennial fund (Spanish: Fondo del Bicentenario) was created in 2010 in Argentina by then president Cristina Fernández de Kirchner, to pay external debt with resources from the Central Bank. The president of the Bank, Martín Redrado, refused to do so, claiming that the autonomy of the Central Bank was not respected. The event The 2010 year began with controversy surrounding the president's order that a US$6.7 billion escrow account be opened at the Central Bank for the purpose of retiring high-interest bonds, whose principal is tied to inflation. The move met with the opposition of Central Bank president Martín Redrado, who refused to implement it, and following an impasse, he was dismissed by presidential decree on 7 January 2010. Redrado refused to abide by the initial decree removing him from the presidency of the Central Bank, however, and petitioned for a judicial power to keep him in office. Accordingly, the president enacted another decree for his dismissal, citing m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Language
Spanish ( or , Castilian) is a Romance languages, Romance language of the Indo-European language family that evolved from colloquial Latin spoken on the Iberian peninsula. Today, it is a world language, global language with more than 500 million native speakers, mainly in the Americas and Spain. Spanish is the official language of List of countries where Spanish is an official language, 20 countries. It is the world's list of languages by number of native speakers, second-most spoken native language after Mandarin Chinese; the world's list of languages by total number of speakers, fourth-most spoken language overall after English language, English, Mandarin Chinese, and Hindustani language, Hindustani (Hindi-Urdu); and the world's most widely spoken Romance languages, Romance language. The largest population of native speakers is in Mexico. Spanish is part of the Iberian Romance languages, Ibero-Romance group of languages, which evolved from several dialects of Vulgar Latin in I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Restructuring
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called "refinancing". Out-of-court restructurings, also known as s, are increasingly becoming a global reality. Motivation Debt restructuring involves a reduction of debt and an extension of payment terms and is usually less expensive than bankruptcy. The main costs associated with debt restructuring are the time and effort spent negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least $50,000 in legal and court fees, and filing costs in excess of $100,000 are common. By some measures, only 20% of firms survive Chapter 11 bankruptcy filings. Historically, debt restruc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clarín (Argentine Newspaper)
''Clarín'' (, meaning "Bugle"), is the largest newspaper in Argentina and the second most circulated in the Spanish-speaking world. It was founded by Roberto Noble in 1945, published by the Clarín Group. For many years, its director was Ernestina Herrera de Noble, the founder's wife. ''Clarín'' is part of ''Periódicos Asociados Latinoamericanos'' (Latin American Newspaper Association), an organization of fourteen leading newspapers in South America. History ''Clarín'' was created by Roberto Noble, former minister of the Buenos Aires Province, on 28 August 1945. It was one of the first Argentine newspapers published in tabloid format. It became the highest sold Argentine newspaper in 1965, and the highest sold Spanish-speaking newspaper in 1985. It was also the first Argentine newspaper to sell a magazine with the Sunday edition, since 1967. In 1969, the news were split into several supplements by topic. In 1976, high color printing was benefited by the creation of Artes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buenos Aires Herald
The ''Buenos Aires Herald'' was an English language daily newspaper published in Buenos Aires, Argentina from 1876 to 2017. Its slogan was ''A World of Information in a few words''. History Under the original name of ''The Buenos Ayres Herald'', it was founded on 15 September 1876 by Scottish immigrant William Cathcart. At first it consisted of a single sheet with advertising on the front and mostly shipping coverage on the back. When Cathcart sold the paper a year later, it changed from a weekly to a daily format, focusing on more typical newspaper content, but always with a large shipping section. It quickly became the main source of local information for the English-speaking population of Buenos Aires. In 1925 the Rugeroni brothers, Junius Julius and Claude Ronald, bought the paper. The Evening Post Publishing Company from Charleston, South Carolina, United States, purchased a controlling interest in Junius Rugeroni's holdings in 1968. During the military dictatorship in A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vancouver
Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver, Greater Vancouver area had a population of 2.6million in 2021, making it the List of census metropolitan areas and agglomerations in Canada#List, third-largest metropolitan area in Canada. Greater Vancouver, along with the Fraser Valley Regional District, Fraser Valley, comprises the Lower Mainland with a regional population of over 3 million. Vancouver has the highest population density in Canada, with over 5,700 people per square kilometre, and fourth highest in North America (after New York City, San Francisco, and Mexico City). Vancouver is one of the most Ethnic origins of people in Canada, ethnically and Languages of Canada, linguistically diverse cities in Canada: 49.3 percent of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Trade Union Confederation
The International Trade Union Confederation (ITUC); german: Internationaler Gewerkschaftsbund (IGB), link=no; es, Confederación Sindical Internacional (CSI), link=no. is the world's largest trade union federation. History The federation was formed on 1 November 2006 out of the merger of the International Confederation of Free Trade Unions The International Confederation of Free Trade Unions (ICFTU) was an international trade union. It came into being on 7 December 1949 following a split within the World Federation of Trade Unions (WFTU), and was dissolved on 31 October 2006 when ... (ICFTU) and the World Confederation of Labour (WCL). The Founding Congress of the ITUC was held in Vienna and was preceded by the dissolution congresses of both the ICFTU and the WCL. The ITUC has three main regional organizations: the ITUC-Asia Pacific, Asia-Pacific Regional Organization, the Trade Union Confederation of the Americas, and the ITUC-Africa, African Regional Organisation. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Default
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will take into account in its gradings capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments. Countries have at times escaped some of the real burden of their debt through inflation. This is not "default" in the usual sense because the debt is honored, albeit with currency of lesser real value. Sometimes governments devalue their currency. This can be done by printing more money to apply toward their own debts, or by ending or altering the convertibility of their currencies into precious metals or foreign currency at fixed rates. Harder to quantify than an int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cristina Con Baston Y Banda
Cristina is a female given name, and it is also a surname. Notable people with the name include: Given name *Cristina (daughter of Edward the Exile), 11th-century English princess *Cristina (singer), Cristina Monet-Palaci (1956–2020), American singer *Infanta Cristina of Spain (born 1965), Spanish princess *Cristina D'Avena (born 1964), Italian singer and actress * Cristina Bazgan, French computer scientist *Cristina Boiț (born 1968), Romanian discus thrower * Cristina Bowerman, Italian chef *Cristina Butucea, French statistician * Cristina Cini (born 1969), Italian football assistant referee *Cristina Conati, Italian and Canadian computer scientist * Cristina Deutekom (1931–2014), Dutch opera singer * Cristina Dorcioman (born 1974), Romanian football referee *Cristina Fernández de Kirchner (born 1953), President of Argentina * Cristina Fink (born 1964), Mexican high jumper *Cristina Gallardo-Domâs, Chilean soprano * Cristina Lasvignes (born 1978), Spanish television and radi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impeachment
Impeachment is the process by which a legislative body or other legally constituted tribunal initiates charges against a public official for misconduct. It may be understood as a unique process involving both political and legal elements. In Europe and Latin America, impeachment tends to be confined to ministerial officials as the unique nature of their positions may place ministers beyond the reach of the law to prosecute, or their misconduct is not codified into law as an offense except through the unique expectations of their high office. Both "peers and commoners" have been subject to the process, however. From 1990 to 2020, there have been at least 272 impeachment charges against 132 different heads of state in 63 countries. Most democracies (with the notable exception of the United States) involve the courts (often a national constitutional court) in some way. In Latin America, which includes almost 40% of the world's presidential systems, ten presidents from six countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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