Archive for the ‘Economy’ Category

Small Signs Of Activity At Tres Cruces, Montevideo Shopping

Thursday, July 9th, 2020

Fila 3Xs

Customer stock lined up for assement before admitance to Tres Cruces Shopping.

mvdshopping calmer

Movement in front of Montevideo Shopping.

New National Drug Board Secretary General Daniel Radío Moves To Promote Cannabis Exports By Simplifying Bureaucracy

Tuesday, July 7th, 2020

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Expo Prado Confirmed: September 9th - 20th

Tuesday, June 30th, 2020

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Argentards: Fernandez Moves To Nationalize Agro-Exporter Vincentin

Tuesday, June 9th, 2020

Argentine President Alberto Fernandez and his government are moving to nationalize bankrupt grain and seed oil exporter Vicentin as Kirchnerismo in Argentina pushes for a capture of that country's infirm enterprises.

Uruguayan Firm Made Record Breaking "Legal" Shipment Of Cannabis To Portugal

Friday, June 5th, 2020

Uruguayan firm Fotmer Life Sciences exported 3,307 pounds of cannabis flower to an unknown Portuguese customer in the largest "legal" export of cannabis flower across the Atlantic so far. Customs documents valued the flower at ~2 USD per gram.

New Attack On Base Where Three Marines Killed Sunday Leads To Shootout Involving Naval Infantry, Police, And Unknown Suspect

Friday, June 5th, 2020

An armed man refused to leave a field on the approach to the guard post where three Marines were killed on Sunday and initiated a shootout with the guards on duty. When police arrived to support the armed forces, they were fired upon as well.

Ships With Iranian Fuel Make It To Venezuela

Sunday, May 24th, 2020

Ships delivering gasoline from Iran have begun arriving in Venezuelan waters. Despite being a major producer of oil sitting on substantial proven reserves, Venezuela is suffering from shortages of gasoline.

Large Legacy US Tech Firms Begin Cutting Deep

Saturday, May 23rd, 2020

Hewlett Packard Enterprise (HPE) and International Business Machines (IBM) have begun making deep cuts into their operational expenses as the realities of the new, Greatest Depression begin setting in. IBM's workforce cuts include the firm's "trendy" Watson and AI divisions.

Argentina Fails To Make Interest Payment Entering Default On Foreign Debt

Friday, May 22nd, 2020

While failing to make payment Argentina is claiming it "extended" the deadline to make it deal that it had been threatening creditors with. Rumors suggest competing offers between the Argentine government and creditors never got within twenty cents on the dollar of each other.

High Times Bid To Buy California Grow Op Collapses

Thursday, May 21st, 2020

Last year, magazine publisher "High Times Holding Corp." announced plans to buy California based marijuana grower Humbolt Heritage, but the deal has since collapsed with the two firms announcing the termination of the deal by mutual agreement. The High Times has also spent the past two years trying and failing to complete a public stock offering.

Ammonia Leak At Frigorífico In Tarariras - 20 Injured, 3 Critical

Monday, May 18th, 2020

A frigorífico in Tarariras has been evacuated after an ammonia leak developed. Twenty people in the facility were injured, 3 patients are in critical care. Firefighters have established a perimeter around the facility.

Argentina Set To See Ridiculous Demands Rejected Friday

Monday, May 18th, 2020

Argentina self imposed deadline to renegotiate nearly a fifth of its foreign debt is likely to pass this upcoming Friday with no deal while an interest payment of 500 million USD comes due. Argentine despot Fernandez has publicly proposed creditors discount the balance on 66 billion USD of debt by 62% of the outstanding interest and 5% of the principal with a three year grace period where Argentina makes no payments. According to Fernandez:

"No hay pagos de la deuda que se puedan sostener sin que el país crezca. No queremos que los acreedores no ganen, queremos que acepten ganar menos"

The creditors, represented by three different creditor's committees, have allegedly made counter offers which have not yet been made public.

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