Tuesday, April 27, 2010

How the argentinians are seen in U.S.A.???

I was surfing the web for information to share in regards to how Argentinians are viewed currently in the U.S.A.

I know this is not a highly regarded educational resource or website but I did find it interesting because the questions I was researching came up at yahoo answers, which I think displays true responses of people in our society in U.S.A . which gives us a pulse of some the feelings and understanding of how some people view Argentinians in the U.S.A. , currently. These definitely are not very culturally competant answers.


Here are some of the answers people posted:


1. they are highly respected for their successful national soccer program. But other than that, there really isn't any positive feedback. The Argentinians I know, tend to look more European than Latin American. Perhaps in the United States this will come to your advantage.

2. Well, I don't know much about Argentinians specifically, but most Americans are a little biased when it comes to people from Mexico and South America, mainly because of all the media hype about illegal immigrants and stuff.

3.No, seriously they look like white ppl and most don't know they are hispanic until they talk to them. Most argentinians I know have been light skinned with blonde hair and blue eyes

4. This was considered the BEST answer,
When I attended university, I met a number of Argentinians, both students and professors (one of which was a deseparacida..one of the "disappeared" from the so-called "Dirty War" in the 70s-80s)....and none of them seemed to be exceptionally biased...at least they didn't act that way in front of me...and sometimes a black American person in a Latin American studies class is not taken all that seriously for some reason. Of the people from Argentina that I know, they would sometimes get upset about being mistaken for Mexican because they spoke Spanish...but then a number of people from South America and the Caribbean feel that way. Not because they don't like Mexicans, but because they're proud of their specific heritage and want to be known for that. A number of Argentinians also have Italian, German and British heritage in addition to the Spanish, so some of them are more likely to see themselves as European rather than Hispanic American, despite the US government labeling them as such. There are black Argentinians but very, very few. From what I've been told by my professions, it is considered a no-no to ask Argentinians about any Indigenous/Indian background. Because most appear white, they tend to fit into American society more so than say, someone from Mexico. Brazil or Colombia.How are Argentinians seen in the mainstream USA?I would say apart from the Tango (dance and music), beef, yerba mate, soccer and the musical/movie Evita, the average American knows little to nothing about Argentinian culture. Indeed they know little about MOST of the diverse cultures of Latin America...or even Canada. Instead, they know more about the countries of the former Soviet Union (Russia, Chechnya, Belarus, etc) or the Middle East (particularly Iraq, Iran, Egypt and Israel) because that is what dominates the news headlines in the USA. Unless something very unusual occurs most Latin America headlines are ignored, except in Spanish language newspapers in Los Angeles, Miami, NYC or perhaps cities in the Southwestern United States. I get most of my Latin American info from the British Broadcasting Corporation (BBC) and various mailing lists.
Source(s):
degree in international studies (emphasis on Latin America)

Thursday, April 8, 2010

United States And Argentinas Debt

When reading about Argentina, the one thing that captures my attention is the economy; from going to a stable economy to a economy that has no backbone and seems to be continually failing. I believe it is easy to relate to Argentina's continually failing economy because it is something that all individuals in the United States can relate to (with our poor economy in today's society) and for the individuals who are about to read this article will most likely agree. This article that I am about to present I found very important. This shows a situation that arose in the year of 2006 between the United States economy and the Argentinean economy, and till this day is still present.

U.S. judge rules against Argentina in debt case

* Judge rules Argentine Central Bank not independent

* Attachment hits bond prices, risk spreads (Adds bonds fall, country risk, details and byline)

By Fiona Ortiz

BUENOS AIRES, April 7 (Reuters) - Some $100 million in Argentine Central Bank deposits in New York can be seized to pay two investment funds that sued Argentina over unpaid debt, a U.S. federal judge ruled on Wednesday.

The Argentine funds held in the U.S. Federal Reserve Bank in New York have been frozen since 2006, but another judge delayed their attachment pending an investigation into whether the Central Bank could be considered part of the Argentine state.

Judge Thomas Griesa of the United States District Court of the Southern District of New York on Wednesday ruled that funds of the Central Bank, also called the BCRA, are really those of the Republic of Argentina saying evidence shows that the bank is not autonomous.

"The court ... concludes that the $105 million was in fact not the property of BCRA held for its own account, but was the property of the Republic," Griesa wrote in his ruling for the plaintiffs in the case.

The plaintiffs in the case are EM Ltd and NML Capital. The latter is an affiliate of Elliott Management Corp and one of the biggest holders of Argentine defaulted debt.

A spokesman for Elliott said the company had no comment.

The judge rejected arguments by the Argentine government that the Central Bank funds are immune because the bank is autonomous.

DEBT SWAP

Wednesday's ruling came a week before Argentine President Cristina Fernandez's cash-strapped government seeks to woo investors by swapping some $20 billion in defaulted bonds left over from the country's massive 2002 default.

Next week's swap offer is meant to neutralize the threat of lawsuits from so-called holdout bondholders who are trying to recover the full, face value of their defaulted debt.

They rejected a previous government offer to swap the paper at a steep discount in 2005.

The bondholders have won several judgments against Argentina in U.S. courts, but so far they have not been able to seize any Argentine money or property.

Argentina argues that bondholders who did not accept the terms of the 2005 exchange cannot be paid the full face value of their debt because that would be unfair to those who did accept losses in the deal.

A Central Bank spokesman did not immediately have comment on Wednesday's ruling, but it is likely to be appealed.

An attachment is a step in the process in which a plaintiff could actually receive money. Other filings and procedures would have to be completed before payment.

Argentine bond prices closed down 0.8 percent on average in local, over-the-counter trade in reaction to news of the ruling, which investors initially thought might refer to a new embargo on Argentine funds in the United States.

The spread between the yield on benchmark Argentine bonds and on comparable U.S. Treasuries widened 21 basis points to 636, according to the JP Morgan Emerging Markets Bond Index 11EMJ.

Link to article:
http://www.reuters.com/article/idUSN0717036220100407?type=marketsNews