Thu January 10, 2013
Latin America

Argentine Leader's Plane Grounded By Credit Holders

Originally published on Thu January 10, 2013 4:26 pm



When Argentina's President Cristina Fernandez de Kirchner travels to Asia and the Middle East this month, she won't be flying on the official presidential plane. That's because Argentina fears the Boeing 757 jet known as Tango 1 will be seized when it lands by creditors, bond holders who hold sovereign debt that Argentina has defaulted on. So, instead of taking that risk, President Fernandez will be flying on a rented charter plane at the cost of $880,000.

Read more


Mon December 17, 2012
Planet Money

Argentine Navy Defeats Hedge Fund

Originally published on Mon December 17, 2012 1:00 pm

The Libertad is being held in port near Accra, Ghana.
Michael A. Mariant AP

Let's do this one as a list:

1. The Argentine navy owns and operates a giant sailing ship. (This is relatively common, as it turns out.)

2. A hedge fund called Elliott Associates owns a bunch of bad Argentine bonds — basically, loans Argentina decided not to repay.

Read more


Thu December 13, 2012

With 88 Goals, Lionel Messi Celebrates A Record Year

Originally published on Fri December 14, 2012 12:42 am

Barcelona forward Lionel Messi (in dark blue) shoots on Cordoba's goalkeeper Mikel Saizar (left) during the Spanish Copa del Rey football match in Cordoba on Wednesday.
Cristina Quicler AFP/Getty Images

Stop anyone on the street in Europe, Latin America, Africa and even Asia, and chances are they'll know the name Lionel Messi — and they'll probably know what he did this week. The soccer phenom scored his 88th goal of the year, which is widely thought to be a world record.

And the year's not over yet.

On Sunday, Messi, 25, scored his 86th goal of the calendar year in a Spanish league game against Real Betis, in Seville. The goal, Messi's second of the game, gave Barcelona a 2-1 win over Betis, with the announcer booming, "A new goal king!"

Read more


Mon October 22, 2012
Planet Money

Why A Hedge Fund Seized An Argentine Navy Ship In Ghana

Originally published on Mon October 22, 2012 12:34 pm

The Libertad is being held in port near Accra, Ghana.
Michael A. Mariant AP

The Libertad, a ship owned by the Argentine Navy, set sail across the Atlantic a few months ago. It was being tracked, via the Internet, by a U.S.-based hedge fund called NML Capital.

Read more


Sun October 14, 2012

What Two Songs Say About Argentine History

Originally published on Mon October 15, 2012 12:19 pm

Argentine band Tremor adds a new twist to a traditional dance music known as malambo.
Courtesy of the artist

A country's music can reveal a lot about its history. This week, Alt.Latino hosts Jasmine Garsd and Felix Contreras stop by Weekend Edition Sunday to offer two examples from Argentina.

Read more