Among the novelty items: The “respectability” section includes civil rights activist W.E.B. Du Bois’ receipts for laundry and tailoring. “He’d go to Paris and London, he would visit tailors and have suits made there,” she said.
“It could be a tsunami of money out,” said Christopher Ecclestone, a strategist with investment bank Hallgarten & Company. “It’s a total guessing game as to what people will do.”The central bank said that while it was lifting restrictions for the public, it would retain taxes on card purchases abroad and some regulations on companies. For instance, from 2025 on, multinational firms will be able to repatriate their earnings. But to get their already trapped holdings out of the country, they’ll need to exchange the debt for dollar-denominated security bonds.
It’s an effort to insure against capital flight, which would imperil Milei’s primary accomplishment of lowering inflation ahead of midterm elections in October that are crucial for his libertarian party to expand its“The announcement is more audacious than expected. The government is making a bit of a leap of faith by lifting the cepo,” said García.It’s also bold timing, analysts say, considering the local market
. In recent days, Argentine stocks and bonds have plunged.Meanwhile, with traders nervous about a possible peso devaluation under Argentina’s IMF deal, the closely watched gap between Argentina’s currency exchange rates has grown by over 20% in recent weeks. The gap is a key indicator of confidence in the government and can fuel inflation, which already accelerated in March to its fastest pace in seven months.
On Friday, Argentina’s National Statistics Institute reported that consumer prices ticked up 3.7% last month compared to 2.4% in February, mainly as a result of rising food prices.
Mieli was unruffled. “Inflation will disappear,” he promised.— Social media star Nadia Caterina Munno, a chef known as The Pasta Queen, now has her own
Munno takes viewers on a tour of Italy and then into the kitchen where she demonstrates how to make authentic Italian dishes with fresh ingredients. She knows her stuff. Munno comes from a family of pasta makers that goes back generations and the series also features members of her famiglia. “The Pasta Queen” drops Thursday on Prime Video.— Billy Crystal stars in a new series for Apple TV+ called
about a man grieving the death of his wife. A child therapist, Crystal’s character Eli, finds himself drawn to a young boy (played by Jacobi Jupe) whom he realizes may carry past trauma that could help his own. The show also stars Judith Light and Rosie Perez. It premieres Oct. 25 on the streamer.— The Peabody Award-winning