Los K Visit New York

Thursday, September 27, 2007

Los K con Clinton

It was the best of times: Néstor and Cristina traveled to NYC, El Pingüino spoke to the annual U.N. event-a-thon about Iran and AMIA, and Los K sat down with Bill Clinton (though not Hillary) to bask in the man's stardust. But, sadly, economic and government irritations kept impinging on the honeymoon. Transparency International released its annual list of Perceived Corruption, and Argentina ranked 105 out of 180 countries (tied with Bolivia, Djibouti and Burkina Faso), while the World Bank's Doing Business index placed Argentina 109 out of 178 in terms of ease of doing business. Of course, as one reader comment pointed out in the forum tied either to the La Nación or Clarín story on the Transparency International index, that index measures perceptions of corruption, not corruption per se; still, if semantics is your only defense, you got problems. "It depends what the meaning of the word 'is' is" doesn't work so well--just as Bill Clinton.

Also, after a speech she gave in front of the Council of the Americas, a U.S. free market business group, Cristina got panned by financial analysts for the lack of specifics about inflation, the national debt, and her plans if elected. In an article in La Nación, Daniel Kerner, an analyst at the Eurasia Group, called her speech "a lack of respect,"and said, "It left the same doubts there were before the meeting." (Of course, La Nación tends to be anti-K, so the description of her bombing in front of the Council members should be taken in that context.)

But at least Los K looked great touching Clinton's hands (above). Even better: "La reunión fue estupenda," Cristina said of their chat with the Man from Hope.

3 comments:

cintra said...

I also loved this photo: http://www.lanacion.com.ar/anexos/imagen/07/723318.jpg from the same Clinton mtg because K is doing a great "Qué sé yo" (Or is it a "Yo, quien soy"?) and his hair is approaching soccer / colectivero length.

99 said...

Transparency International commissions the Internet Center for Corruption Research the issue of these indexes after the views of business people and analysts from around the world. “Free of charge”. They like to call their Corruption Perceptions Index (CPI) a solid measurement tool. To ensure quality control in the methodology CPI has to be reviewed by the TI Index Advisory Committee. TI Index Advisory Committee has 10 members. Among some professors, out of those 10, one belongs to the World Bank, Daniel Kaufmann, and another to the IMF, Shang-Jin Wei.

Not that transparent... It´s money we´re talking.

A significant share of Argentina's debt is owned in the form of bonds by international holders and business people and is adjusted by Argentine inflation. Argentine inflation indexes are issued by the INDEC.

Don´t get me wrong, I go to the supermarket everyday and of course I know the prices. But increasing the INDEC index endangers Argentine economy by increasing the national debt and the value of the bonds. Well, momentarily increases the value of the bonds, because if things get out of control they´ll decrease soon, then inflation again...
Some sort of circular problem.

Lack of respect? I don´t think so.
Somebody out there is loosing big money with the K factor and the perceived figures on lack of transparency appear to me to be a kind of push for cash.

Anonymous said...

If the "Council of the Americas" is critizising you, then you're probably on the right track (stress on 'probably').

changcho

 
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