Because of discrimination in vaccine distribution … Thousands are protesting in Argentina

Thousands of citizens in Argentina demonstrated in the streets in several cities to protest against discrimination in the distribution of anti-virus vaccines.

This came after the Argentine Minister of Health, Genis Gonzalez Garcia, resigned from his post, after he was asked by that president, Alberto Fernandez, after some close to him got vaccinations against the Corona virus and they were not deserving of that.

Protesters gathered, waving blue and white flags, outside the government headquarters in Plaza de Mayo in the capital, Buenos Aires, and in other cities, carrying banners reading “Give me my vaccination,” “Get out all of you,” and “Stop wasting our money.”

In front of Casa Rosada, the official residence of the Argentine president in Buenos Aires, protesters hung huge black body bags on the networks, inscribed with the names of vaccinated pro-government leaders.

“They started giving vaccinations to friends of the officials. They are stealing someone else’s life,” Irene Marcet, who participated in the protest in the Plaza de Mayo, told AFP.

For his part, President Alberto Fernandez condemned these actions, writing on Twitter: “This unfortunate act only reveals how many opponents see the Republic. Let us not remain silent in the face of an act of this degree of barbarism.”

It is worth noting that the Argentine government issued, last Monday, a list of seventy people who received the vaccine outside the official campaign it launched at the end of last December, including the Minister of Economy, the former president, Eduardo Duhalde (38 years), his wife and their children.

Argentina, with a population of 44 million, has recorded more than two million cases of coronavirus infection, including 52,000 deaths due to this virus, and about a million people have been vaccinated so far, according to the government, as Argentina received 1.22 million doses of the “Sputnik-V” vaccine. The Russian anti-corona virus, about 580 thousand doses of the Chinese “Coffeeshild” vaccine against this virus, and 904 thousand doses of the Chinese “Sinopharm” vaccine against the Corona virus as well.

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Toyota presented the new Corolla GR-S, the sportiest

The brand added a new model to the Gazoo Racing range, the family that already integrates the Hilux pick up. It has 170 hp. All the details

Toyota Gazoo Racing Argentina announced the launch of the new Corolla GR-S, the sportiest version of the sedan that is marketed in the country.

This new Corolla option completes the Toyota sports line up in the region, following the launch of the Hilux GR-Sport. Corolla GR-S, is also the first model produced in Brazil under the GR brand and developed in partnership with Toyota Gazoo Racing Argentina.

In terms of features, the new Corolla GR-S improves its performance thanks to changes to suspension settings and the incorporation of new aerodynamic parts. Among the main modifications are the valve adjustments of the front and rear dampers, and changes in the stiffness of the rear spirals and the anti-roll bar.

At the same time, additional floor covers were incorporated and a rear aerodynamic deflector and a lower structural reinforcement in the body were added.

As for the powertrain, it is equipped with the nuevo motor 2.0L “Dynamic Force” Dual VVT-i with direct and indirect injection and a maximum power of 170 CV at 6600 rpm, with a torque of 200 Nm. This motor is coupled to the transmission “Direct Shift CVT” de 10 speed pre-programmed, with a gear in the first gear to improve the exit of the vehicle, sequential mode, paddles behind the wheel and “Sport” driving mode.

In equipment, it has 17 “alloy wheels, LED taillights, Bi-Led headlights with height adjustment, and a black rear spoiler.

The new Corolla GR-S, like the rest of the vehicles marketed by Toyota, has a transferable warranty of 5 years or 150,000km (whichever comes first).

With this new addition, the Corolla has eight versions on the market, among which the hybrid option is also considered.

The values ​​for the entire range are as follows:

  • Corolla 2020 2.0 XLI MT MY21: $1.920.800
  • Corolla 2020 2.0 XLI CVT MY21: $2.023.500
  • Corolla 2020 2.0 XEI MT MY21: $ 2,155,700
  • Corolla 2020 2.0 XEI CVT MY21: $ 2,250,400
  • Corolla 2020 2.0 SEG CVT MY21: $ 2,714,900
  • Corolla Hybrid 2020 Corolla 2020 HV 1.8 SEG eCVT MY21 $ 2,853,400
  • Corolla 2020 HV 1.8 XEI eCVT MY21 $ 2,408,900
  • Corolla GR-Sport $2.598.300

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Donald Trump’s security advisor: Secret agreements with Erdoǧan

The Turkish state bank is threatened with litigation in the USA. President Erdoǧan wanted to prevent this and therefore apparently turned to the then US President Donald Trump.

Turkish President Recep Tayyip Erdoǧan has tried several times to get his former US counterpart Donald Trump to end the investigations against the Turkish state bank Halkbank. That said Trump’s former security advisor John Bolton the “Spiegel”. Erdoǧan raised the subject of “Halkbank” in almost every conversation with Trump.

The US judiciary suspects Halkbank of helping the Iranian regime evade sanctions on a large scale. The trial against the bank is due to begin in New York in the coming weeks. According to observers, if convicted, Halkbank could face a fine of up to $ 20 billion in the worst case or expulsion from the international banking system Swift.

“I’ll take care of it,” Trump is said to have said

In earlier proceedings, a key witness testified that Erdoǧan himself was involved in the alleged breach of sanctions. US officials believe that this was one of the main reasons why Erdoǧan wanted to prevent Halkbank from being tried at all costs.

On the sidelines of the G-20 summit in Buenos Aires in December 2018, Erdoǧan presented his American counterpart with a memo from the law firm King & Spalding, which works for Halkbank. Trump flipped through the pages without actually reading them, reports Bolton. Nevertheless, he assured Erdoǧan that he believed in the innocence of Halkbank. “I’ll take care of it,” Trump is said to have said, according to Bolton.

Erdoǧan: “We are close to a solution”

In April 2019, former US President Erdoǧan allegedly let it be known that he had personally entrusted then Attorney General William Barr and Treasury Secretary Steven Mnuchin with the matter. “We are very close to a solution,” he is said to have promised Erdoǧan on the phone shortly beforehand.

Ex-Attorney General Barr put pressure on the New York prosecutor Geoffrey Berman. He should refrain from bringing charges against Halkbank. This was reported by people who are familiar with the process. Berman apparently refused. Neither Erdoǧan nor Barr could be reached for comment. Halkbank did not want to comment because of the ongoing proceedings.

The exchange between the two statesmen ultimately damaged Halkbank, says Bolton. The bank relied so much on Trump to bury the proceedings that it did not compromise with the US authorities. The New York trial could just be the beginning of a series of proceedings against Halkbank. “We heard a lot about possible corruption in connection with Halkbank,” says Bolton. “If Halkbank deals with the laws of other countries as it does with our Iran sanctions, it could face further proceedings.”

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The Argentine Public Prosecutor’s Office starts investigations into the issue of distributing vaccines

1:12 PM

Tuesday 23 February 2021

Buenos Aires – A.A.

Argentina’s Public Prosecutor’s Office has launched investigations into the issue of violations, manipulation and abuse of influence that marred the distribution of Corona vaccines by the former Minister of Health, Genius Gonzalez Garcia.

The Argentine Public Prosecutor said, in statements carried by the Argentine News Agency today, Tuesday, that investigations are currently underway to find out the manipulation of the resigned Minister of Health, Guinness Garcia, in the distributions of the Corona vaccine in the country, and that close contacts with him obtained the vaccine before the priority groups of his countrymen.

And the Argentine Minister of Health had resigned from his post last Friday, against the background of news circulated by Argentine media about receiving vaccinations against Corona virus close to him, without waiting for their turn according to the schedule of priorities for obtaining the vaccine imposed by the state.

Argentine media reported that the famous local journalist, Racio Verbitzky, was among these people, and the latter confirmed to a local radio that he had received the vaccine with the help of his friend Minister Garcia without waiting for his turn, as is followed in the framework of the procedures imposed by the state to obtain the vaccine.

It should be noted that Carla Vizotti, who was sworn in last Saturday as Minister of Health to succeed Garcia, stressed in her first statement the strengthening of oversight and transparency over the Coronavirus vaccination program, adding that “the Argentine president decided to implement the largest vaccination plan in the country’s history as quickly as possible.” … and we will vaccinate every Argentine. “

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The Argentine Public Prosecutor’s Office starts investigations into the issue of distributing vaccines

1:12 PM

Tuesday 23 February 2021

Buenos Aires – A.A.

Argentina’s Public Prosecutor’s Office has launched investigations into the issue of violations, manipulation and abuse of influence that marred the distribution of Corona vaccines by the former Minister of Health, Genius Gonzalez Garcia.

The Argentine Public Prosecutor said, in statements carried by the Argentine News Agency, today, Tuesday, that investigations are currently underway to find out the manipulation of the resigned Minister of Health, Guinness Garcia, in the distributions of the Corona vaccine in the country and the obtaining of close relatives of the vaccine before the priority groups of his countrymen.

And the Argentine Minister of Health resigned from his post last Friday, against the background of news circulated by Argentine media about receiving vaccinations against Corona virus close to him, without waiting for their turn according to the schedule of priorities for obtaining the vaccine imposed by the state.

Argentine media reported that the famous local journalist, Racio Verbitzky, was among these people, and the latter confirmed to a local radio that he had received the vaccine with the help of his friend Minister Garcia without waiting for his turn, as is followed in the framework of the procedures imposed by the state to obtain the vaccine.

It should be noted that Carla Vizotti, who was sworn in last Saturday as Minister of Health to succeed Garcia, stressed in her first statement the strengthening of oversight and transparency over the Coronavirus vaccination program, adding that “the Argentine president decided to implement the largest vaccination plan in the country’s history as quickly as possible.” … and we will vaccinate every Argentine. “

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UCES advances with its project to open the medical career in Cañuelas

Authorities of the University of Business and Social Sciences (UCES) visited on Friday the Cuenca Alta Samic Regional Hospital with the purpose of formally presenting your project to open the medical career in the district of Cañuelas.

The presentation of the initiative – which was announced in December 2019, shortly before the pandemic – was in charge of the rector of UCES, Gastón O’Donnell, and the rector emeritus of the house, Horacio O’Donnell, with the accompaniment of the mayor Marisa Fassi.

Before the Board of Directors – made up of its president, Sergio Alejandre, and the advisers Luis Crovetto, Alexia Navarro, José Ingold, and Roberto Fernández Meire– Gastón and Horacio O´Donnell provided details of the project that will shortly be presented to the National Commission for University Evaluation and Accreditation (CONEAU), and that requires adding the health center as a university hospital.

The arrival of the medical career contributes to consolidate the university pole of Cañuelas. It is a project that consolidates the importance that the district has today in education, since it is a career that has no academic offerings in the region.

UCES landed in Cañuelas in 2011 with the opening of its first annex. A strengthened its presence in the district in October 2018, when inaugurated the Faculty of Veterinary in the brand new building of San Vicente 1289 esq. Antarctica Argentina. Some time later he added a veterinary hospital on his property on Route 6.

UCES has taught medicine at its headquarters since the late 1990s. The race was approved by Resolution 2469/98 of the Ministry of Education and ratified by resolution 1332/14 of CONEAU. It grants official and national valid title. 77% of UCES Medicine graduates enter the medical residency program and enter the professional field immediately after graduation.

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Because of the weather conditions … the spread of mosquitoes is bothering the Argentine capital

Residents of the Argentine capital, “Buenos Aires” are suffering from a large mosquito infestation, whose appearance was due to a number of circumstances, according to the media.

This insect, which disturbs the residents of the capital, is considered the most common type in the region, but this year the weather conditions have evolved so that their number has increased dramatically, according to a member of the Society of Entomology in Argentina, scientist Maria Victoria Messili.

Some factors contributed to their emergence dramatically and suddenly, including a long dry period, followed by heavy rains, which led to the spread of these insects extensively.

These mosquitoes do not transmit dangerous diseases, but their bites can cause painful allergic reactions.

On the other hand, the new Argentine Health Minister, Carla Vitzotti, assumed her duties yesterday, Saturday, after the resignation of her predecessor, who was caught helping friends bypass the vaccination program against Corona.

Fitzotti, a specialist in internal medicine, was sworn in before President Alberto Fernandez at the presidential residence in a short televised ceremony. She did not issue any statement after that and did not respond to questions from journalists.

Vetsotti was responsible for securing the Russian “Sputnik-V” vaccine to Argentina in her capacity as deputy health minister.

Former Health Minister Gines Gonzalez Garcí resigned late on Friday, after it emerged that the 75-year-old doctor had helped friends get vaccinated before their turn.

The scandal was revealed after the journalist Horacio Verbitzky, 71, announced to the radio that thanks to his long friendship with the Minister of Health, he was able to get a vaccine in his office before the rest of the population.

So far, only health workers in Argentina have been vaccinated, and the vaccination of people over the age of 70 began last Wednesday in the province of Buenos Aires.

Local media reported that other people close to the government were vaccinated at the Ministry of Health, while local newspapers confirmed that the Public Prosecutor’s Office had opened an investigation.

Argentina, which has a population of 44 million, has so far received 1.2 million doses of the “Sputnik V” vaccine and 580 thousand doses of the “Coffeeshild” vaccine from the “Serum Institute” in India, and the country has recorded more than two million cases of Covid-19 and 51 thousand deaths .

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Argentine Minister of Health created “VIP vaccine center” – already resigned | Coronavirus

The news that the Argentine Minister of Health, Ginés González García, had a “VIP vaccine center” next to his office and that he has reserved 3000 doses of Sputnik V to vaccinate people on a list decided only by him has caused a major political scandal and even with García’s resignation, the case may affect the President, Alberto Fernandéz. An investigation is underway to determine other irregularities in the distribution of immunizers against covid-19.

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what the warren buffett letters say

In February, the businessman addressed the shareholders through a letter. Who better than him to show you how to achieve a successful career?

Warren Buffett usually addresses his investors at the end of February, so it is very likely that in the next few days the content of his new letter to Berkshire Hathaway shareholders will be known.

This is a practice that, according to Jeff Gramm, author of “Dear President,” is the “best way to learn about the business world.” Who better, but great presidents, to show you how to achieve a successful career in the business world?

The best letters of this type should reflect the long-term thinking of the author and show the results obtained over a long period of time, including difficult moments as well.

The more clarity they give, the better. Will Thorndike, author of The Outsiders, states that “the clarity and conciseness of these cards are often highly correlated with extraordinary returns.”

The advantages of such documents are the lack of regulation, the disclosure of important data to understand the operation of the company, and qualities such as trust or transparency.

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Buffett cards are the best way to learn from the business world

This should not be lacking in a letter to shareholders

To go into more detail, here’s what a good shareholder letter should bring with it according to a recent Investing post:

-Be personal: they are optional documents and, therefore, exempt from regulation, which allows their authors to have more flexibility to personalize the message and enhance the companies value.

-Transmit confidence: Buffett is the teacher of all. His key to success is treating his readers as if they were his investment colleagues, his partners, investors to whom he owes a real explanation of the movements he has made with money..

-Highlight the good and the bad: give details on the evolution and perspectives of the business plan, but also offer data on the challenges the company faces, strategies and more. Explain the good, but also the bad, giving examples of things that may also have gone wrong. They should explain the challenges, not the triumphs.

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Jeff Bezos will also send a letter to his shareholders in the coming months.

What is there to distrust

Phil Carret, an experienced investor, acknowledged in MarketWatch, “I would always distrust an excessively optimistic letter. You have to know the good, but also the bad, because the easy thing is to explain the good; and keep in mind another Buffett maxim,” praise by name; criticize by category ‘”.

Buffett wrote the following in his 1979 letter: “When you receive a communication ours, will come from the person you are paying to run the business. Its president firmly believes that owners have the right to hear directly from the CEO what is happening and how he evaluates the business, now and in the future. I would demand it in a private company, so expect no less from a public company. ”

Fortunately, he is not the only one who will give us his knowledge in this way.

Jeff Bezos, head of Amazon; Fairfax Financial’s Prem Watsa, who is nicknamed the “Buffett of Canada,” or Tom Gayner, the president of Markek and who they call the next Buffett, will send letters to their shareholders in the coming months.

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why it seeks to nationalize a large part of its capital

The metallurgical company founded by the Pescarmona family will issue new shares for US $ 20 million that it will offer to the national government and Mendoza

After having completed the process of restructuring a millionaire debt and having received help from the Government to face this process, IMPSA Now he is going to seek funds in the capital market.

It will do so from the issuance of a new series of actions with which you hope to get close to u $ s20 million, a figure that according to its authorities is necessary for the recomposition of the working capital.

This would be the third step of the call Capital Structure Recomposition Plan launched last year by the company. The first, debt restructuring, was successfully completed last November, while in December the Ministry of Productive Development approved IMPSA’s entry into the PAEERP program to assist strategic companies that export high technology.

The data is contained in a document sent by the former company of the Pescarmona family to the National Securities Commission (CNV), in which it is also clarified that if the share trusts that hold IMPSA shares renounce their right preferential subscription on the same or decide not to exercise it, will be offered to the national government and that of Mendoza.

That is, they could add the National state or the provincial one as new shareholders in conjunction with an important group of creditors who control the company based in Mendoza.

Currently, and since April 2018, IMPSA shares are held by two trusts, one of which (where they are 65% of the total) was constituted for the benefit of creditors included in the 2017 APE; and the other (with the remaining 35%) was constituted in favor of the shareholders that controlled IMPSA before the restructuring.

The purpose of both trusts was to guarantee the orderly sale of the company’s shares, through a process in the framework of which a restructuring would be carried out.

A key assembly for restructuring

To continue with this process and obtain the necessary authorizations to achieve the issuance of the new class of shares, IMPSA’s board of directors has called an ordinary and extraordinary shareholders’ meeting for the March 16.

On that day, a comprehensive reform of the bylaws will also be discussed in order, among other issues, to reflect the creation of Class C shares; contemplate the new shareholding structure; increase to seven the number of regular directors and provide that Class C will be responsible for the election of four regular directors and up to four other alternates, including the president and vice president of the company. At the same time, Class A and B shareholders will maintain their right to appoint two directors and one director, with their respective alternates.

This process is in addition to the plan to rebuild your capital structure that it had proposed within the framework of the Extrajudicial Preventive Agreement (APE) that the metallurgical company presented last year before the Second Court of Insolvency Proceedings, District I of Mendoza, which has been carrying out its bankruptcy process since 2018.

In this offer, IMPSA is committed to restructuring u $ s536 million between capital and interests of the so-called “eligible debt” (which could be verified) that does not include the company’s outstanding obligations with state entities, such as Anses or AFIP, which is known as “excluded debt.”

IMPSA already received government assistance at the end of last year.

IMPSA already received government assistance at the end of last year.

The proposal mixes a series of financial instruments to cancel your accounts such as Negotiable Obligations (ON), with a public offering denominated in dollars; new international bond also in dollars and new millionaire loans.

He proposed to issue a bond in dollars, with an annual interest of 1.5%, whose capital would begin to be paid in 2028 in nine annual installments that will run until 2036. Previously, the offer contemplates that between 2025 and 2028 they would begin to Part of the interest be paid semi-annually.

In addition, IMPSA undertook to enter the public offering and listing of shares from this issuance of Class C shares.

Additionally, you will hire a international financial advisor to carry out a capital valuation, establishing that no shares may be issued under par.

Currently, the company employs more than 720 own workers and another 100 SMEs with which it usually works and had the need to rebuild its capital structure, affected by the unfavorable context that arose after having successfully completed the closing of the judicial preventive agreement in the 2017.

History of a debt

The problems related to its indebtedness began when, during 2014, its Brazilian subsidiary Wind Power Energy, entered into cessation of payments, ceasing to operate and is still in bankruptcy in Brazil.

Because a large part of the company’s debt was guaranteed by IMPSA, the creditors filed claims against the Mendoza company for more than US $ 850 million, which led the group’s total indebtedness to exceed u $ s1,100 million.

The company was forced to initiate a negotiation process with its creditors that resulted in a restructuring agreement implemented through the APE of 2017 that allowed it to reduce the liability to $ 520 million, which in any case represented slightly more than double the debt. own that IMPSA originally had.

As part of this process, the shareholding composition of the company, its board of directors and its management were modified, forcing the exit of Enrique Pescarmona as its CEO and all his family of control of the company.

IMPSA, one of the most advanced industries in Argentina, in financial crisis.

IMPSA, one of the most advanced industries in Argentina, in financial crisis.

During those years, it managed to obtain new contracts and strengthen its public image, but it was again affected by the worsening of the macroeconomic situation as of May 2018, which resulted in the signing of a stand-by credit agreement between Argentina and the The IMF imposed severe restrictions on public spending and led to the postponement and cancellation of various public works projects that IMPSA had reasonable expectations of obtaining.

Therefore, the issuance of the new Class C shares will allow you to sustain this commercial process to consolidate your local operations and return to compete in the markets that it led for decades, exporting 85% of its products to Asia, Europe, Africa and the Americas.

This new capitalization will allow to preserve years of investment in technology for the national industry and to remain as international benchmarks in energy matters. for the export of high added value products “, said Juan Carlos Fernández, CEO of IMPSA.

Currently, the company is executing contracts for hydroelectric, nuclear, wind and solar plants, as well as equipment for the oil and gas industry. For example, it designs and manufactures the new turbines for the Yacyretá Hydroelectric Plant, the wind turbines for Parque Arauco (La Rioja), equipment for the El Tambolar Hydroelectric Plant (San Juan), equipment for YPF and the manufacture of the first Argentine nuclear reactor for power generation, CAREM, among the main projects.

In turn, it plans to compete this year to carry out projects in Latin America, the United States, India and Southeast Asia.

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