
Milei Approval Rating Holds as Argentines Worry More About Jobs
Milei's approval and disapproval ratings both stood at 44% last month while nearly 12% of respondents were unsure about the libertarian leader, according to LatAm Pulse, a monthly poll conducted by AtlasIntel for Bloomberg News. With tumbling inflation amid a stable currency, Milei also maintained the highest positive image of all major Argentine political leaders at 47%.
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Gizmodo
an hour ago
- Gizmodo
Elon Musk Keeps Suggesting War Is a Good Thing for Society
Elon Musk is both the wealthiest person in the world and a major contractor for the U.S. military as the head of SpaceX. When the billionaire talks about war and its potential consequences, we need to listen, whether we like it or not. But if you've been paying attention to what Musk has been saying about the positive aspects of war in recent months, you're probably hearing things that make you nervous. 'Throughout history, any civilization that experiences extended periods of prosperity with no serious threat of invasion has low birth rates after a few generations,' Musk wrote on X Monday. 'One can debate the cause, but not the correlation. The Romans lamented this constantly.' It's no secret that Musk is obsessed with the Roman Empire. But he seems to really be fixated on the supposed causes of its fall, using those claims to rationalize his own right-wing worldview in 2025. Musk believes the world is in danger of collapsing because people aren't having enough kids. Well, to be more precise, he's worried wealthy people from Western countries aren't having enough kids. Musk also seems to suggest that peace is bad for a country's growth with his tweet on Monday. He was more explicit about his idea that war might be good a couple of months ago. Musk gave an interview to Bloomberg News back in May, appearing remotely via video link for the Qatar Economic Forum in Doha. 'When you have an extended period of prosperity with no existential war, there's no cleansing function for unnecessary laws and regulations,' Musk said. 'When you have an extended period of prosperity with no existential war, there's no cleansing function for unnecessary laws and regulations.' Not exactly something you want to hear from one of the most powerful men in the country who also happens to be a defense contractor. [image or embed] — Matt Novak (@ May 20, 2025 at 2:14 PMThe interview was one of the most unhinged that Musk gave during his time as the head of DOGE, the so-called Department of Government Efficiency. The billionaire called the woman who was interviewing him an NPC or non-playable character, and threatened anyone who was coming after him with prison time. Things have changed, obviously, as Musk had a falling out with President Trump and is no longer officially part of the U.S. federal government. He theoretically can't go knock on the door at DOJ and tell Pam Bondi to start arresting people anymore. But that doesn't mean he lost all his influence, as the billionaire still holds tremendous power as a defense contractor. And that's what makes his outlook on war so frightening. If Musk thinks that war can be good or have a 'cleansing function,' it certainly incentivizes people like him to push for more violence around the world. And the SpaceX CEO's motives are typically pretty transparent. The Washington Post conducted an analysis that concluded Musk's companies have gotten at least $38 billion in contracts, loans, subsidies, and tax credits from the U.S. government over the past two decades. When the U.S. military and intelligence agencies launch more satellites, Musk's companies benefit. And his personal wealth owes a lot to government handouts. Not a single dollar was stripped from Musk's companies during his great ransacking of the federal government with DOGE, according to the news outlet NOTUS. But Tesla did lose out on an electric vehicle tax credit with the 'Big Beautiful Bill,' the issue that seemed to really divide Musk and Trump. Musk insisted he didn't care about the tax credit, but Trump repeatedly said it was the reason Musk was upset with him. Musk and Trump have an uneasy relationship, especially after the Tesla CEO accused Trump of being in the Epstein files. But Musk still can influence policy, as was demonstrated when Trump threatened to cut off funding to his companies, but reporting from the Wall Street Journal noted SpaceX was just too vital to discard. And as long as Musk is considered crucial to the functioning of the U.S. military, we should probably pay attention to the things he says about war. Especially when he's making claims that it's good for any given society.


Bloomberg
4 hours ago
- Bloomberg
Chile's Central Bank Is Set to Deliver First Interest Rate Cut of 2025
Chile's central bank will likely cut its interest rate by a quarter-point on Tuesday, lowering borrowing costs for the first time this year as policymakers seize on an improving inflation outlook. Board members led by Rosanna Costa will reduce the overnight rate to 4.75% after markets close, according to all economists in a Bloomberg survey. Policymakers have kept borrowing costs steady for the last four meetings after having lowered them from a high of 11.25% seen in mid-2023.
Yahoo
5 hours ago
- Yahoo
Peru weighs approval of mining projects worth $6bn
Peru is weighing the potential approval of mining projects with a total value of $6bn (21.69bn new sol), aiming to enhance the country's revenue from this key sector, according to a Reuters report. President Dina Boluarte, addressing Congress, highlighted the government's evaluation of 134 exploration and exploitation projects. The country, known as the third-largest copper producer globally, is engaging in dialogue with informal miners following protests that disrupted a transport route crucial for major mining companies like MMG and Glencore. The situation among informal miners is said to have intensified after more than 50,000 were excluded from a formalisation programme, leaving just 31,000. The government plans to align these remaining miners with regulations by the end of the year. These miners have temporarily halted their protest and blockade during discussions about a possible new mining law. In her address, the president also mentioned the creation of a private mining fund to provide small formal operators with better access to financing. Furthermore, the president announced an agreement with Ecuador's state oil company, Petroecuador, to link Ecuadorean oilfields to a Peruvian pipeline, facilitating transport to Peru's Talara refinery. Despite Peru's economic recovery from a recession sparked by anti-government unrest, almost 30% of the population remains in poverty. The president, who will remain in office until 2026, succeeded Pedro Castillo following his arrest for attempting to unlawfully dissolve Congress. She is currently under investigation for deaths during protests, allegations she denies. Controversy also arose when Boluarte's cabinet decided to double her salary in July, as per the report. "Peru weighs approval of mining projects worth $6bn" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data