logo
Large crowds protest in support of Argentine ex-President Fernández as she starts house arrest

Large crowds protest in support of Argentine ex-President Fernández as she starts house arrest

BUENOS AIRES, Argentina (AP) — Vowing that a conviction on corruption charges and a permanent ban from public office would not end her decades-long political career, Argentina's former President Cristina Fernández de Kirchner began serving a six-year sentence under house arrest as tens of thousands of her supporters rallied in the streets.
Her detention marked an ignominious turn for one of the most polarizing and influential political leaders on Latin America's left who served one term as Argentina's first lady (2004-2007), two terms as its president (2007-2015) and one term as its powerful vice president (2019–2023), dominating the country's politics for the last two decades.
Still today, Fernández represents the face of opposition to radical libertarian President Javier Milei. Polls suggest that she and her left-wing brand of Peronism, Argentina's nationalist populist movement championing workers' rights, retains the support of some 30% of the country.
"We will return, and, what's more, we will return with more wisdom, with more unity, with more strength,' Fernández, 72, told her ardent supporters in a speech recorded from home confinement and broadcast through loudspeakers into the streets of downtown Buenos Aires.
The case in which she was first convicted in 2022 found that she defrauded the state in awarding public works contracts to a friendly businessman. She vehemently denies the charges, accusing her opponents of weaponizing the justice system against her.
Before the court decision this month, she had been planning to run for a seat in the Buenos Aires provincial legislature.
'The real economic powers know this model has no future; they know it's collapsing, and that's why I'm in prison,' she said in her speech from her second-floor apartment in the southern Constitución neighborhood of the Argentine capital.
The scene of huge crowds setting off flares and chanting 'We will return" underscored the sharp divisions in this South American nation that has long been shaped by Fernández, who vastly increased welfare and public employment during her tenure in a dramatic expansion of the state that left Argentina with sky-high inflation and massive deficits.
'We are all here to fight for Cristina's freedom. If they restrict her more, we will do more," said Gloria Araya, 64, a retiree protesting on Wednesday.
The economic shambles she bequeathed her successors helped vault her nemesis, political outsider Milei, to the presidency in late 2023.
Milei has succeeded in his flagship campaign promise of lowering inflation. In May Argentina's monthly inflation rate plunged below 2% for the first time in five years, the government statistics agency reported last week.
But while prices have stabilized, the cost of living remains high in a country where wages are comparatively low. Investment has lagged. Many Argentines say they're still waiting to collect on the economic revival that Mieli promised would follow the pain of austerity.
Some analysts say that anger over Fernández's claims of political persecution could add fuel to those economic grievances and help rally an otherwise confused opposition to Milei.
'The conviction and sentencing of Cristina is a unifying force for Peronism,' said Sebastián Mazzuca, an Argentine political scientist. 'If the opposition can link this claim that there was some injustice in her trial with concerns over income and purchasing power, they have an agenda."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud
Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud

The Hill

time21 minutes ago

  • The Hill

Trump calls on Federal Reserve official to resign after ally accuses her of mortgage fraud

WASHINGTON (AP) — President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud, the latest example of the Trump administration's efforts to gain control over the central bank. Bill Pulte, director of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, urged the Justice Department to investigate Cook, who was appointed to the Fed's governing board by former president Joe Biden in 2022. She was reappointed the following year to a term that lasts until 2038. Pulte, in a letter to Attorney General Pam Bondi, alleged that Cook has claimed two homes as her principal residences — one in Michigan, the other in Georgia — to fraudulently obtain better mortgage lending terms. Pulte also charged in his letter that Cook has listed her condo in Atlanta, Georgia, for rent. Mortgages for homes used as principal residences typically carry lower interest rates than properties that are purchased to rent, Pulte's letter said. The allegation represents another front in the Trump administration's attack on the Fed, which has yet to cut its key interest rate as Trump has demanded. If Cook were to step down, then the White House could nominate a replacement. And Trump has said he would only appoint people who would support lower rates. The more members of the Fed's governing board that Trump can appoint, the more control he will be able to assert over the Fed, which has long been considered independent from day-to-day politics. Trump will be able to replace Chair Jerome Powell in May 2026, when Powell's term expires. Yet 12 members of the Fed's interest-rate setting committee have a vote on whether to raise or lower interest rates, so even replacing the Chair doesn't guarantee that Fed policy will shift the way Trump wants. All seven members of the Fed's governing board, however, are able to vote on rate decisions. The other five voters include the president of the Fed's New York branch and a rotating group of four of the presidents of the Fed's other 11 regional branches. Trump appointed two members of the Fed's board in his first term, Christopher Waller and Michelle Bowman. Both dissented July 30 from the central bank's decision to keep its rate unchanged in favor of a rate cut. Another Fed governor, Adriana Kugler, stepped down unexpectedly Aug. 1, and Trump has appointed one of his economic advisers, Stephen Miran, to fill out the remainder of her term until January. If Trump is able to replace Cook, the first Black woman to serve on the Fed's board, as well as Kugler and Powell, that would give him a clear majority on the board of governors. Powell, however, could stay on the board after finishing his term as chair next May. The Federal Reserve declined to comment on the accusation. Trump has for months demanded that the Federal Reserve reduce the short-term interest rate it controls, which currently stands at about 4.3%. He has also repeatedly insulted Powell, who has said that the Fed would like to see more evidence of how the economy evolves in response to Trump's sweeping tariffs before making any moves. Powell has also said the duties threaten to raise inflation and slow growth. Trump says that a lower rate would reduce the government's borrowing costs on $37 trillion in debt and boost the housing market by reducing mortgage rates. Yet mortgage borrowing costs do not always follow the Fed's rate decisions. The Trump administration has made similar claims of mortgage fraud against Democrats that Trump has attacked, including California Sen. Adam Schiff and New York Attorney General Letitia James.

Poland calls a drone crash in the country's east a Russian provocation amid peace talks
Poland calls a drone crash in the country's east a Russian provocation amid peace talks

San Francisco Chronicle​

time21 minutes ago

  • San Francisco Chronicle​

Poland calls a drone crash in the country's east a Russian provocation amid peace talks

WARSAW, Poland (AP) — Poland's defense minister said that a flying object that crashed and exploded in a cornfield in eastern Poland early Wednesday was identified as a Russian drone, calling it a provocation by Russia. At a news conference in Warsaw, Defense Minister Władysław Kosiniak-Kamysz accused Russia of provoking NATO during a crucial moment, as peace talks over the war in neighboring Ukraine are underway, the country's news agency PAP reported. 'Russia is provoking us once again,' Kosiniak-Kamysz said, just as peace talks have given hope that the war 'has a chance of ending.' Police said they received reports of the crash around 2 a.m. and found burned metal and plastic debris at the scene, near the village of Osiny. The blast broke windows in some nearby houses, but nobody was injured, PAP reported. Poland's Armed Forces Operational Command said Wednesday on social media that no violations of Polish airspace from neighboring Ukraine or Belarus were recorded overnight. Officials initially said the explosion may have been caused by a part of an old engine with a propeller. Lublin District Prosecutor Grzegorz Trusiewicz told reporters several investigators — both civilian and military — were examining the crash site. Since Russia launched a full-scale invasion of Ukraine more than three years ago, there have been a number of intrusions into Polish airspace, raising alarm in the European Union and NATO member state and reminding people how close the war is.

Norway soccer federation says it will donate profits from Israel game to humanitarian work in Gaza
Norway soccer federation says it will donate profits from Israel game to humanitarian work in Gaza

San Francisco Chronicle​

timean hour ago

  • San Francisco Chronicle​

Norway soccer federation says it will donate profits from Israel game to humanitarian work in Gaza

GENEVA (AP) — Norway's soccer federation says it 'cannot remain indifferent' to humanitarian suffering in Gaza and will donate any profits from an upcoming World Cup qualifying game against Israel to aid work there. Norway plays Israel in Oslo on Oct. 11. 'Neither we nor other organizations can remain indifferent to the humanitarian suffering and disproportionate attacks that the civilian population in Gaza has been subjected to for a long time,' Norwegian Football Federation President Lise Klaveness said in a statement Tuesday. 'We want to donate the proceeds to a humanitarian organization that saves lives in Gaza every day and provides active emergency aid on the ground,' she said. It wasn't immediately clear how much the Norwegian federation expected to earn through ticket sales for the match, which begin next week. The Israeli soccer federation responded to the move on Wednesday by urging its Norwegian counterpart also to condemn the Oct. 7, 2023, attacks and hostage-taking by Hamas. In a statement first published by British daily The Telegraph, the Israeli federation also called on the Norwegians to 'make sure that the money is not transferred to terrorist organizations or to whale hunting,' referring to an issue Norway has faced global criticism for. The Norwegian federation said it is working with UEFA and local police on security arrangements for the Oct. 11 game. Extra security is expected to limit capacity by up to 3,000 tickets, the federation said. Ullevaal Stadium typically has crowds of 26,000 for national-team games. Israel has been unable to host games in international competitions for security reasons since October 2023. It staged its 'home' qualifying game against Norway in Hungary. Norway won that game 4-2 in March. ___

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store