Free Republic

Javier Milei caused a political earthquake in November after winning the presidency in Argentina, ending decades of socialist rule. The wild-haired economist got to work immediately after being sworn in, slashing the number of government ministries, including the nation's gender and diversity bureaucracy. He's now pushing the ball further down the field, with a sweeping executive order that eliminates many of the more communistic aspects of Argentina's government. That comes as the once-wealthy South American country desperately tries to recover from a self-inflicted inflation crisis that has seen prices rise 160 percent in the preceding year. Milei ran on a...

The state’s highest court dealt a financial blow on Thursday morning to the already beleaguered owners of the sprawling Stuyvesant Town and Peter Cooper Village complexes in Manhattan when it ruled that they improperly began charging market rents on thousands of apartments. The ruling by the Court of Appeals may mean that the current owner, a partnership of Tishman Speyer Properties and BlackRock Realty, and the former owner, Metropolitan Life, may have to pay an estimated $200 million in rent overcharges and damages to tenants of about 4,000 apartments. In a majority ruling (two of the six judges dissented), the...