“To have his death heading into this epic sports weekend has us pausing to reflect on just how categorically he changed and enhanced the city’s skyline for the better based on his generosity, his actions and his advocacy,” said Chris Gahl, Visit Indy executive vice president and chief marketing officer. “So, it’s fitting and also very hard to celebrate a weekend like this, knowing he recently passed and his last tweet was about cheering on another major sporting team in the Indy way. That’s the culture he helped put in place in our city.”
OS AIRES, Argentina (AP) — Argentina’s poverty rate jumped from almost 42% to 53% during the first six months ofs presidency, the statistics agency reported Thursday, a steep rise reflecting the pain of the country’s most intense austerity program in recent memory.
The government’s finding that Argentina’s half-yearhad surged to its highest level since 2003, when the country was reeling from a catastrophic foreign debt default and currency devaluation, marks a setback for the far-right economist. So far, foreign investors and thethat has succeeded in pulling down the country’s monthly inflation from 25.5% last December to
Argentina’s inflation, now, is among the worst in the world.
Residential buildings are covered in color in Barrio 31, a working poor neighborhood in downtown Buenos Aires, Argentina, Friday, Sept. 20, 2024. (AP Photo/Natacha Pisarenko)
Residential buildings are covered in color in Barrio 31, a working poor neighborhood in downtown Buenos Aires, Argentina, Friday, Sept. 20, 2024. (AP Photo/Natacha Pisarenko)Bracing for negative news hours before the poverty report’s release, Milei’s spokesperson sought to deflect the blow in a lengthy press conference.
“The government inherited a disastrous situation,” Manuel Adorni told reporters, lambasting the decades of unbridled spending under Milei’sthat generated chronic inflation. “They left us on the brink of being a country with essentially all of its inhabitants poor.”
Unlike previous populist governments that kept consumer spending high at the cost of a massive budget deficit, Milei dismantled price controls, cut subsidies on energyafter taking office.