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Fri, 05 Nov 2021
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Argentina hikes interest rate to 60% to control rampant inflation as peso plummets to record low

Argentine peso crash
© Reuters
Currency exchange office in Buenos Aires' financial district, Argentina August 30, 2018.
Argentina's central bank yanked higher its benchmark interest rate to a dizzying 60 percent on Thursday in a bid to control rampant inflation as the peso currency plummeted 15.6 percent to a record low 39 pesos per U.S. dollar.

Latin America's third biggest economy is expected to shrink this year, weighed down by inflation running at 31 percent, while already-scare credit gets choked off by increasingly onerous borrowing costs. The central bank raised the rate from 45 percent.

The central bank issued a statement saying it called a special meeting of its monetary policy committee, which voted unanimously to hike its key interest rate "in response to the foreign exchange rate situation and the risk of greater inflation."

The moves came a day after the International Monetary Fund (IMF) called for the government to institute stronger monetary and fiscal policies in response to the meltdown of the peso, which has lost 52.2 percent of its value against the greenback so far this year and is the world's worst-performing currency.

Comment: See also:


Eye 1

Child abuse charges dropped against New Mexico 'Muslim extremists' after local DA fails to indict them

new mexico compound
Thanks to an error by the Taos, New Mexico District Attorney's office, 11 counts of felony child abuse charges against three of the five suspects who ran a New Mexico "Jihadi" compound where a dead child was found were dropped on Wednesday.

After Judge Sarah Backus recused herself from the case, District Judge Emilio Chavez was forced to drop the charges against Lucas Morton, Subhanna Wahhaj and Hujrah Wahhaj after the state failed to indict them within a 10-day window, forcing the frustrated judge to admonish the DA for placing him in such a position.

"The rule for dismissal without prejudice reads if the preliminary hearing is not held within the time of this rule, the court shall dismiss the case without prejudice and discharge the defendants," Judge Emilio Chavez said.

Comment: There's much that doesn't add up in this case. The previous Judge Sarah Backus, who recused herself, had apparently accepted the defense's argument that these suspects are 'victims of discrimination', ignoring the crimes committed. And now we have the local DA mucking things up. Perhaps there is more to the FBI involvement in the case and their destruction of evidence that is not exactly on the up and up?

Further background:


Ambulance

2 injured in stabbing at Amsterdam railway station, suspect shot by police

Central station in Amsterdam
© Reuters
Central station in Amsterdam, FILE PHOTO.
Dutch police have shot and injured a suspect following a stabbing which left two people wounded at Amsterdam railway station.

The victims, as well as the suspected attacker, were sent to a local hospital, Dutch police tweeted on Friday. Commuters are advised to avoid the area and the station was partially closed for a time, however it has since been fully reopened.

Local television station AT5 reported that the incident followed an argument that got out of hand, and ended in the stabbing attack. Armed police then shot the suspect at around 12pm local time.

All train traffic was shut down following the incident but all services are now operating as normal. The police said it is investigating "all possible scenarios" following the incident.

"It was major chaos in the station," eyewitness Jaime van Gastel told De Telegraaf. "It was teeming with police. I saw something like 15 cars and a lot of agents. There was also a central police helicopter circling above. That is now gone."

Map

New York renamed 'Jewtropolis' on Snapchat map, Jewish New Yorkers respond with humor

Jewtropolis New York Snap Map
© OpenStreetMap
A screenshot from the tampered map
Users of Snapchat's Snap Map feature saw New York renamed 'Jewtropolis', in an apparent act of online vandalism. The apparent hack triggered cries of anti-Semitism, but also top-quality jokes from New York's Jews.

The Snap Map feature, which allows Snapchat users to discover content from a certain location and see the movements of their friends, uses mapping software from a third-party company called Mapbox. Jumpbike, StreetEasy and Zillow also use Mapbox's maps for their bike sharing and apartment rental apps.

Somebody managed to make the change by tampering with Mapbox's software, and the digital vandalism was spotted by Twitter users on Thursday morning.

Satellite

US anti-Russia sanctions mean US astronauts can no longer travel to ISS on Russian spacecraft

Russia carry US astronauts ISS

NASA has relied on Russia to ferry crews since retirement of U.S. space shuttle fleet in 2011
Russia's contract with NASA to ferry astronauts to the International Space Station (ISS) will expire in April next year, Russian Deputy Prime Minister Yury Borisov has said.

Under the current contract, American astronauts avail of seats on Russian Soyuz spacecraft in order to reach the ISS and return home. The US lost its capacity for manned space missions after the retirement of the Space Shuttle program, and is about to finalize a replacement in the form of a manned SpaceX Dragon capsule.

The cost of the ISS ferry service has varied over the years, with NASA paying about $81 million per seat in 2018, up from the cheapest price of $21.8 million in 2007 and 2008.

Comment: The law of unintended consequences. Oops.


Fire

At least 22 cars burned across Sweden during latest crime wave

Cars burned Sweden
© Reuters/ TT News Agency
It is understood that groups of masked youths are responsible for the fires, which broke out mainly in Sweden’s second-largest city of Gothenburg. Cars were also set ablaze in Stockholm, Trollhattan and Falkenberg, as well as Malmo.
Up to 22 cars were burned or damaged in several fires across southern Sweden on Thursday. It will likely stoke claims that the current socialist government has abjectly failed at tackling the surge in crime.

Police in the southern city of Trollhättan are investigating a fire that left up to ten vehicles damaged, according to local news outlet Aftonbladet. Police and rescue teams were called to the area of the Kronegården at around 3:30 am to tackle a "fully-fledged" fire which had engulfed three cars before spreading to more.

Four out of six cars affected were entirely burnt out, police say. While at around 2am a car was set on fire in Trelleborg, which went on to ravage two other vehicles. And just a few miles away in Trelleborg, in Vellinge, a car was set ablaze while one parked behind it was also damaged.

Comment: Despite the government's assurances, things don't appear to be improving in the country:


Nuke

The nuclear accidents we're aware of are only the tip of the radiation disaster iceberg

radiation disaster
© Surian Soosay | CC BY 2.0
The World Nuclear Association says its goal is "to increase global support for nuclear energy" and it repeatedly claims on its website: "There have only been three major accidents across 16,000 cumulative reactor-years of operation in 32 countries." The WNA and other nuclear power supporters acknowledge Three Mile Island in 1979 (US), Chernobyl in 1986 (USSR), and Fukushima in 2011 (Japan) as "major" disasters. But claiming that these radiation gushers were the worst ignores the frightening series of large-scale disasters that have been caused by uranium mining, reactors, nuclear weapons, and radioactive waste. Some of the world's other major accidental radiation releases indicate that the Big Three are just the tip of the iceberg.

CHALK RIVER (Ontario), Dec. 2, 1952: The first major commercial reactor disaster occurred at this Canadian reactor on the Ottawa River when it caused a loss-of-coolant, a hydrogen explosion and a meltdown, releasing 100,000 curies of radioactivity to the air. In comparison, the official government position is that Three Mile Island released about 15 curies, although radiation monitors failed or went off-scale.

Bad Guys

Suspected terrorist who sought refugee status in Germany handed over to Russia authorities

Terrorist
© FSB Public Relations Center
Security agents escort suspected terrorist upon arrival to Moscow.
A man suspected of terrorist activities in Syria has been extradited from Germany to Russia after allegedly attempting to gain the refugee status using forged documents.

On Friday, Russia's Federal Security Service, the FSB, reported that together with the Russian Investigative Committee, Justice Ministry and the Prosecutor General's Office, and with assistance from Interpol, it had organized the extradition of a terrorist suspect from Germany.

The suspect was born in 1987 in the North Caucasus region of Kabardino-Balkaria. He is accused of assisting the banned terrorist group Imarat Kavkaz. Russian investigators think that, at some point, he left Russia for Syria to fight on the side of terrorists.

Fire

Venezuelan power station explosion plunges city into darkness

Blast
© angeldavidsardi/Instagram
An explosion at an electrical substation in Maracaibo, Venezuela, has showered streets with sparks and caused further blasts, plunging much of the city into darkness.

The initial blast occurred at approximately 1:36 am local time on Friday at the Las Tarabas electrical substation, reports Caraota Digital. Eyewitness videos show the initial explosions illuminating the entire night sky as awe-struck onlookers cry out in dismay.

Eye 2

Woman secretly recorded cop trying to force her to give him sexual favors to drop charges

Bill Miller
Monroe County sheriff's deputy Bill Miller was recorded earlier this month on a woman's cell phone, epitomizing everything wrong with sickos in uniforms who seek to abuse their authority for personal gain. His victim recorded him trying to force her to give him sexual favors in return for getting her DUI charges dropped and this deputy is still collecting a paycheck.

Ashlie Roberts was arrested last month by Miller for driving under the influence and drug possession. Roberts admitted she had done the crime and she was willing to do the time. However, after she made bail, Miller contacted the 34-year-old woman and told her to meet him in a parking lot on August 14th. So, she did.

As FOX 5 Atlanta reports, she told internal affairs investigators the same story she told us: Miller put her in his personal Dodge Ram pickup, handed her a Coors Light, and drove them to a dirt trail off Freeman Road.