Subscribe free to our newsletters via your
. Space Industry and Business News .




TRADE WARS
Argentine retailers told to cut prices
by Staff Writers
Buenos Aires (UPI) Oct 5, 2012


disclaimer: image is for illustration purposes only

Argentine President Cristina Fernandez de Kirchner ordered retailers to slash prices of commodities and basic food items as part of the government's widely publicized fight against inflation.

The government's unorthodox approach to solving the country's runaway inflationary spiral met with skepticism from critics who say the order is ill-conceived. At least 300 essential commodities and products are affected.

Fernandez aides said they want supermarkets to offer a basket of 300 basic products at lower prices as part of the effort to fight inflation.

Labor disputes sparked more unrest in the capital and other cities amid continuing demands for higher wages and protests over the government's fiscal and monetary policies.

Official statistics indicate Argentina's inflation at no more than 10 percent while independent figures say annual inflation calculated in August is above 24 percent.

Argentine growth this year is also being affected by the government's stringent curbs on imports that have affected productivity in many businesses.

The government's latest forecast put economic growth at 3.4 percent this year, down from 8.9 percent in 2011. Critics dispute both figures, however.

Argentina's official economic statistics have drawn criticism from independent financial and international data gatherers, including the International Monetary Fund.

The IMF stepped into the debate last month and gave Argentina until mid-December to improve the quality of the gross domestic product and inflation data it reports to the fund or face sanctions. ?

Wage protests and the government's response to them cast doubt on the government's handling of the various labor disputes.

This week thousands of troops and petty officers from the border patrol and coast guard and some naval and police sectors went on strike over wage cuts and working conditions.

Fernandez responded by firing the coast guard and gendarmerie chiefs and forcibly retiring their 10 commanders. Senior aides later announced the situation in the security forces was normalized after the reshuffles.

A recent government decree eliminated all extra compensations and benefits in the forces, leading to pay cuts of up to 70 percent for some staff.

Protesters are demanding the elimination of the decree and significant increases in basic salaries.

Protesters in central Buenos Aires said the security personnel were "workers like any others who need to support our families."

The protesters want the government to participate in realistic negotiations to resolve the wage disputes. So far the government has not indicated if it will take part in any negotiations to discuss the security forces' wages.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
US manufacturers bringing work home from overseas
East Lansing, MI (SPX) Oct 05, 2012
Increasingly, U.S. firms are moving or considering moving their manufacturing operations back to domestic soil from overseas, finds a new study co-authored by a Michigan State University supply chain expert. Fueling the trend are rising labor costs in emerging countries, high oil prices and increasing transportation costs, global risks such as political instability and other factors, said ... read more


TRADE WARS
Google, publishers end long-running copyright case

Apple even stronger a year after Steve Jobs death

Prehistoric builders reveal trade secrets

Space debris delays Japan's satellite experiment

TRADE WARS
Raytheon to provide Joint Tactical Terminal radios with latest security features to US Navy

Northrop Grumman Awarded Contract to Extend BACN Communications Connectivity to the Tactical Edge

Hughes Awarded Custom SATCOM Solutions Contract by GSA

4 SOPS begins testing newest AEHF satellite

TRADE WARS
SpaceX craft on way to ISS in first supply run

Orbital Begins Antares Rocket Operations at Mid-Atlantic Regional Spaceport

H-IIB Launch Service Privatization

Ariane rocket launches two telecom satellites

TRADE WARS
Twin Galileo satellites fuelled and ready for launch

Northrop Grumman to Improve Performance of MEMS Inertial Sensors for DARPA

Lockheed Martin Delivers Propulsion Core for the First GPS III Satellite

China launches another 2 navigation system satellites

TRADE WARS
JAL to extend Japan-China flight cuts amid row

Lockheed Martin Announces New Solution to Reduce Airport Congestion and Improve Overall Airspace Efficiency

New Brazilian facility for Eurocopter

GE calls for jet engine checks after China incident

TRADE WARS
Visionary transparent memory a step closer to reality

Acoustic cell-sorting chip may lead to cell phone-sized medical labs

New method monitors semiconductor etching as it happens - with light

New method monitors semiconductor etching as it happens - with light

TRADE WARS
SMOS has a better look at salinity

Digital Map Products to Discuss the New Rules for Communicating with Residents

Apple CEO sorry for maps shortcomings

Landslide mapping in the Swiss Alps

TRADE WARS
Council of war gathers for world's biodiversity crisis

Mobiles phones getting less toxic: researcher

Remarkable enzyme points the way to reducing nitric acid use in industry

Solving the stink from sewers




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement