Argentine workers hold funeral for wages as inflation eats up value of paychecks

1 / 2
Argentineans carry a mock coffin representing the death of a living wage during an anti-government protest in Buenos Aires on Aug. 19, 2022. (AP)
2 / 2
Argentineans carry a mock coffin representing the death of a living wage during an anti-government protest in Buenos Aires on Aug. 19, 2022. (AP)
Short Url
Updated 20 August 2022
Follow

Argentine workers hold funeral for wages as inflation eats up value of paychecks

  • Argentina’s official monthly minimum wage stands at 45,540 Argentine pesos ($334), while a basic food basket for a family of four costs 111,298 pesos ($817)

BUENOS AIRES: Some women wore black funeral attire and sported flower crowns. Other people in the procession in Buenos Aires carried a gigantic coffin. But this funeral procession in the Argentine capital was not honoring a person.
Instead it was to mourn the “death” of the wages of Argentine workers in a country where inflation is expected to hit 90 percent by the end of this year, eating up workers’ purchasing power despite years of government attempts to curb price increases.
“The situation for the workers is devastating. Before the middle of the month we don’t have any more salary, it’s not enough,” Melisa Gargarello, a representative of the Front of Organizations in Struggle (FOL), the protest’s organizer, told Reuters.
One protester carried a “clinical history” for Argentine wages, a chart showing how inflation has eaten up the value of paychecks.
While much of the world is battling high single-digit inflation this year, Argentina’s struggles are in a different category.
“The paycheck has died” read a banner in the symbolic procession, which toured the main streets of Argentina’s capital and ended in front of the Presidential Palace. The flower crowns worn by women carried the message “RIP the minimum wage.”
The country’s official monthly minimum wage stands at 45,540 Argentine pesos ($334) while a basic food basket for a family of two adults and two children costs more than twice that amount at 111,298 pesos ($817), according to the national statistics institute INDEC.
Years of political efforts to curb inflation have done little to abate price increases, and in July the country registered its highest inflation rate in 20 years.
The latest effort involves the appointment of a new economy minister, Sergio Massa, who has been granted expanded powers to try to tame inflation. Argentines have dubbed him a “superminister.”

“Today we are holding a symbolic funeral for wages, which we have to say expresses the situation that all workers in Argentina are experiencing,” said FOL’s Maximiliano Maita. 

 

 


Libya’s flood-hit Derna to host reconstruction conference: authorities

Updated 27 sec ago
Follow

Libya’s flood-hit Derna to host reconstruction conference: authorities

BENGHAZI, Libya: Libya’s eastern-based administration said on Friday that it would host an international conference next month in the flood-hit port city of Derna to aid reconstruction efforts.
A tsunami-sized flash flood broke through two aging dams upstream from Derna after a hurricane-strength storm lashed the area on September 10, razing entire neighborhoods and sweeping thousands of people into the sea.
“The government invites the international community to participate in the conference planned for October 10 in Derna to present modern, rapid projects for the reconstruction of the city,” the administration said in a statement.
It said the conference was being held in “response to the demands of residents of the stricken city of Derna and other towns that suffered damage” during the flooding.
Wracked by divisions since a 2011 NATO-backed uprising toppled and killed veteran dictator Muammar Qaddafi, Libya has for years been ruled by two administrations vying for power.
A UN-backed, internationally recognized administration in the capital Tripoli is run by Prime Minister Abdulhamid Dbeibah, while a rival administration in the east is backed by military strongman Khalifa Haftar.
The official death toll from the flood stands at more than 3,300 — but the eventual count is expected to be far higher, with international aid groups giving estimates of up to 10,000 people missing.
The International Organization for Migration on Thursday said more than 43,000 people have been displaced by the flood.

IMF chief says has been asking Pakistan to increase tax revenue from rich, protect the underprivileged

Updated 6 min 27 sec ago
Follow

IMF chief says has been asking Pakistan to increase tax revenue from rich, protect the underprivileged

  • The poor segments have been suffering due to high inflation which the government has attributed to IMF reforms
  • Kristalina Georgieva says economic reforms are not easy to implement but they are in the interest of Pakistani people

ISLAMABAD: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday her organization had been consistently communicating the need for Pakistani authorities to generate more tax revenue from wealthier social segments while protecting the underprivileged classes in the country.

The top IMF official made the comment during a brief interaction with a Pakistani reporter on the sidelines of the 78th United Nations General Assembly session in New York.

Her statement comes against the backdrop of spiraling inflation in Pakistan which has primarily affected the poor. The government has consistently attributed the increasing cost of living in the country to stringent economic reforms recommended by the international lender while approving a $3 billion bailout in June.

“Let me send a simple message to everybody in Pakistan,” she said while speaking to Geo News correspondent. “What we are asking in our program is please collect more taxes from the wealthy and please protect the poor people of Pakistan.”

“I do believe that this is in line with what people in Pakistan would like to see for the country,” she added.

The IMF chief acknowledged the conditions laid down by her organization to revitalize Pakistan’s economy and address the mistakes of the past were not easy to implement.

However, she maintained they were in the interest of the people of Pakistan.

Georgieva statement comes following her meeting with Prime Minister Anwaar-ul-Haq Kakar on Tuesday in which she was briefed on measures taken by the country’s interim administration to stabilize the economy.

The IMF asked Pakistan to raise energy prices and following market-driven exchange rate which made the CPI hit a record 38 percent this year and the national currency plummet to all-time lows.

Kakar said he had a “constructive dialogue” with the IMF chief who, in turn, said there was an agreement to follow policies to ensure stability and foster sustainable and inclusive growth in Pakistan.


Beyonce champions Georges Hobeika on tour for third time 

Updated 20 min 47 sec ago
Follow

Beyonce champions Georges Hobeika on tour for third time 

DUBAI: US pop superstar Beyonce championed Lebanese designer Georges Hobeika during her Renaissance World Tour stop in Dallas this week — the third time she has sported a Hobeika design during her current tour. 

The multi-award-winning singer selected a glitzy turquoise gown embellished with silver Swarovski crystals from the couturier’s Fall 2023 collection.

The first time Beyonce wore one of Hobeika’s designs was in June when she performed in Cologne, Germany. On that occasion, she wore a custom-made catsuit embellished with nude-illusion panels, pearls and silver sequins. The 41-year-old singer paired the ensemble with black velvet gloves, thick-heeled pumps and custom Tiffany & Co. jewelry.

In July, at her New Jersey show, Beyonce wore a fully embroidered dress — crafted from pink tulle — featuring shimmering crystals and completed the look with tulle gloves and a beaded headpiece made entirely of 3D embroidered flowers. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by JAD HOBEIKA (@jadhobeika)

Hobeika is not the only Arab designer whose outfits Beyonce has selected for her tour. She also showed off a gown from Omani label Atelier Zuhra in Las Vegas and one from Lebanese designer Nicolas Jebran in St. Louis, Missouri. 


Debris and dead bodies clutter flood-hit Libyan port

Updated 24 min ago
Follow

Debris and dead bodies clutter flood-hit Libyan port

  • Tugboat captain Ali Al-Mismari, 60, recalled the night of September 10 when torrential rains caused by Storm Daniel battered the eastern Libyan city
  • Captain Mohamed Chalibta, head of the port authority’s crisis management committee, said the search was concentrated on “objects that had sunk in the port”

DERNA, Libya: Libya’s devastating flood has transformed Derna from a busy port welcoming fishing boats and ships loaded with goods and passengers into a dump brimming with rubble, car wrecks and dead bodies.
Tugboat captain Ali Al-Mismari, 60, recalled the night of September 10 when torrential rains caused by Storm Daniel battered the eastern Libyan city, bursting two dams and wiping out entire neighborhoods.
At first, Mismari told AFP, he wanted to take his boat, the “Irasa,” out of the harbor to avoid putting the crew at risk and to avoid damage to the vessel.
But in the chaos of the storm, with water levels rapidly rising, he was unable to see the seawalls surrounding the port and navigate a safe exit.
“There was nothing (to do) but pray,” he said.
When day broke, the scale of the devastation became clear.
Mismari said he saw “massive trucks, car tires, people, houses, entire palm trees... heaters, washing machines, refrigerators” had all been washed into the harbor by the flash flood.
The official death toll from the disaster stands at more than 3,300 — but the eventual count is expected to be far higher, with international aid groups giving estimates of up to 10,000 people missing.
Since the tsunami-sized flood lashed Derna, port workers, fishermen and passers-by have largely abandoned the seafront, and only a handful of vessels, the Irasa included, were still there.
The tugboat was enlisted along with local and foreign teams to clear the bottom of the harbor.
The walkways surrounding the port are now paved with items retrieved by divers.
Captain Mohamed Chalibta, head of the port authority’s crisis management committee, said the search was concentrated on “objects that had sunk in the port,” including cars with people still thought to be inside.
An Emirati team, equipped with boats and jet skis, scoured one part of the harbor.
But the water was dark brown, filled with mud brought by the flood, and there was virtually “zero visibility,” according to one of the divers.
The Emirati search mission chief, Col. Ali Abdullah Al-Naqbi, was giving directions to his team, stressing the need to take full precautions.
Two by two, scuba divers secured with safety ropes descended from their yellow boat.
One emerged from the muddy water after a short while, and said: “We tied (a rope) to a car. We can’t see anything.”
Another diver meanwhile found a second car.
Back on their boat, other team members helped the divers remove foliage that had become stuck on them and sprinkled fresh water on their faces.
The Emirati team, in coordination with Libyan authorities, called in a crane that pulled one of the mangled wrecks out the water.
As it was being removed, mud, water and what appeared to be human remains spilled out of the vehicle.
Lowered onto the dock, Libyan men in white coats, gloves and face masks took over to check the vehicle for bodies, but on this occasion they found none.
Officials expect the process of clearing the port to take a long time.
Rescuers are also searching the sea beyond the harbor, with maritime experts saying many bodies may have been carried eastward by the current.
Hafez Obeid, head of the Libyan forensic team, said the salinity of the water helps to preserve bodies, making the identification process easier than for corpses found on land.
Aboard the Irasa, captain Mismari said “private fishing boats were the first to rush to the rescue” on the night of the disaster.
Next to him, technician Taoufik Akrouch, 61, recalled that “the water level rose above the dock by about one and a half meters (five feet).”
The Irasa began tilting violently and the crew started its engines before cutting mooring lines.
At dawn, they heard a cry for help.
They found a survivor — a naked woman floating inside a refrigerator, according to two crew members.
They said she asked them: “Where is my sister?“
Another survivor rescued by Mismari’s team, an Egyptian, could not say how he got to the harbor.
“He had been sleeping, and then found himself there,” Mismari said. “Maybe he had been unconscious.”


’Eiffel Tower’ lights up quiet suburb in Chinese city of Asiad host Hangzhou

Updated 31 min 46 sec ago
Follow

’Eiffel Tower’ lights up quiet suburb in Chinese city of Asiad host Hangzhou

  • Tianducheng is a quirky relic of the country’s turn-of-the-century craze for everything foreign
  • The tower is one of many replicas of Western architecture that dot the country where developers once looked to Europe and North America for inspiration

HANGZHOU: As decorative fountains frame a view of the Eiffel Tower and a fashionable young woman walks a poodle nearby, you might mistake China’s Tianducheng neighborhood for Paris — if not for the concrete towers in the distance and Chinese signs on every shopfront.

Built in the 2000s, the residential area lies on the outskirts of Hangzhou, the city hosting around 12,000 athletes for the Asian Games that open on Saturday — a key stop for many of the world’s top athletes before the Paris 2024 Olympics.

Tianducheng is a quirky relic of the country’s turn-of-the-century craze for everything foreign.

Apartment blocks decorated with the City of Light’s iron balconies and mansard roofs flank a “boulevard” where motorized delivery tricycles zip past a braised duck-head stall.

Pensioners clutching plastic bags of groceries pause to take in the sights under a grey sky, while weathered horse statues rear up from a fountain that could have come out of the Jardin du Luxembourg.

Once advertised as a luxury community and a venue for French cultural festivals, Tianducheng languished for years with unfilled shop units and uninhabited apartments before Hangzhou’s booming tech industry brought eager buyers to its leafy avenues.

The tower is one of many replicas of Western architecture that dot the country where developers once looked to Europe and North America for inspiration, including a British-inspired Thames Town in Shanghai and a subtropical Interlaken in tech hub Shenzhen.

And in Jujun, a 2001 development in outer Beijing that literally translates to “Orange County,” McMansions complete with parched lawns bring a slice of Southern California to the Chinese capital.

They are relics of a bygone era, with China’s communist leaders clamping down on “bizarre,” foreign-inspired structures in recent years.