Posted on 12/21/2012 8:55:37 AM PST by george76
Mobs looted supermarkets in Argentina's third largest city early Friday, leaving two dead and two seriously injured in the latest in a spate of such outbursts.
Besides that city of Rosario, looters had also rampaged in other Argentina cities on Thursday and into the night.
...
Rosario is a hub for industry as well as for farm exports.
In Bariloche in the south, officials said looters were apparently venting anger over a blackout that had left much of surrounding Neuquen province without power on Wednesday.
(Excerpt) Read more at my.news.yahoo.com ...
Let me be the first, Obamanomics at work. Free stuff!! yipppeeee!
Coming soon to a Marxist paradise near you.
“Looting” has such racist and judgmental connotations. Maybe we should refer to such action as “equitable-redistribution-to-the-less-fortunate” or such? Merry Christmas!
Time for Argentina to outlaw supermarkets.That is...*after* they’ve liberated those poor prisoners in the Falkland Islands.
The paradise is already here...but it's more of a Maoist one than a Marxist one.It's called Detroit.
Ahem! That's Islas Malvinas you imperialist Anglophile. < /sarc>
Unlike the people in charge of American school security, police officials in most other countries have no qualms about equipping their people with high-powered automatic weapons and giving them the OK to use them.
Checking out this thread, I was hoping it was started as a MarkTwain thread...
but, alas, the article does not mention how those two looters met their end.
I guess that looting (and not for food) is a worldwide sport.
After Obama and his fellow Communists bankrupt this country and the handouts disappear, the Entitlement Class will go on a looting rampage never seen outside a war. Supermarkets will be stripped in days. Afterward, the only thing standing between the zombie mobs and your household provisions will be you with your gun. Feed them lead, men!
That’s it, we must ban supermarkets. Nobody needs a “super” market. Just regular little cramped markets that keep the number of patrons at ten or less. Remember the good old days of shopping in tiny corner markets.
Fitch downgrades Argentina and predicts default
Credit rating agency Fitch has downgraded Argentina, which is locked in a court battle in New York over its debt, and said the country would probably default.
11:55PM GMT 27 Nov 2012
Fitch cut its long-term rating for Argentina to "CC" from "B," a downgrade of five notches, and cut its short-term rating to "C" from "B". A rating of "C" is one step above default, AP reported.
US judge Thomas Griesa of Manhattan federal court last week ordered Argentina to set aside $1.3bn for certain investors in its bonds by December 15, even as Argentina pursues appeals.
Those investors don't want to go along with a debt restructuring that followed an Argentine default in 2002. If Argentina is forced to pay in full, other holders of debt totaling more than $11bn are expected to demand immediate payment as well.
Argentine politicians, even those opposed to President Cristina Fernandez, have nearly unanimously criticized the judge's ruling as threatening the success of the debt relief that enabled Argentina to grow again.
Ratings by agencies like Fitch are used by investors to evaluate the safety of a country's debt. Lower ratings can make it more expensive for countries to borrow money on the bond market, exacerbating their financial problems.
Argentina is in a deepening recession and is grappling with social unrest. Besides the court case, Fitch cited a "tense and polarized political climate" and public dissatisfaction with high inflation, weak infrastructure and currency.
Fitch also said that Argentina's economy has slowed sharply this year.
ping
This is all because of Bush, right?
(sorry, late to the party...)
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