meta_pixel
Tapesearch Logo
Log in
The Intelligence from The Economist

Inflationary pressure: Argentina’s strikes

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 30 April 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

Patience runs thin amid rampant inflation and a devaluing currency; Argentines are taking to the streets for two days of strikes and protests. Taiwan’s richest man has joined the presidential race, but lots of his business is based in China. He will struggle to shake perceptions of a conflict of interest. And, America’s Supreme Court is deciding whether to ensure trademark protection for businesses with some pretty racy names.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:09.4

Every weekday we provide a fresh perspective on the events shaping your world.

0:17.1

Taiwan's richest man has joined the country's presidential race. Terry Gwell founded Foxcon,

0:22.8

a manufacturing giant that makes iPhones and lots more. But much of Mr. Gwell's business

0:28.0

is based in China. His rags to riches story may charm some, but he'll struggle to shake

0:33.0

the perception that he's cozy with Taiwan's biggest geopolitical threat.

0:38.2

And America Supreme Court is considering a tricky issue, whether to strike down a law

0:42.8

that forbids trademark protection for companies with racey or outright profane names.

0:56.0

And first, in Argentina trade unions are trying to bring the country to a halt. A labor

1:04.8

strike will take place today, followed by a rally at the presidential palace tomorrow.

1:09.6

The unrest is just the latest challenge to President Mauricio Macharistenner. When Mr.

1:16.0

Machar was elected in 2015, there was hope that his pro-market reforms would fix Argentina's

1:21.2

ailing economy. But last year, a currency crisis helped to drag the nation into recession.

1:26.6

He decided to start conversations with the fundamental international fund.

1:30.1

Mr. Macharist turned to the IMF for help, for us to reach a line of financial support.

1:35.4

In the form of a record $57 billion loan, but the economy is still in dire straits. Over

1:42.7

the past year, food and drink prices rose 64%. Since January, the peso has fallen more

1:48.6

than 16%, and the recession continues. Facing an election in October, Mr. Macharistenner

1:55.3

announced a freeze on the prices of basic goods and public services two weeks ago to counter

1:59.9

his growing unpopularity, but his chances of re-election are fading. Today's strike was

2:05.6

called by the Argentine Workers' Central Union to protest against his austerity policies.

2:10.4

What we're already seeing is pretty much a lockdown throughout Buenos Aires today. The

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.