April 1, 2002 |
The landing craft came ashore on a beach of white sand and turquoise water, a solitary spot where Patrick Watts and his friends chased away the penguins and raced motorcycles in their youth. On that April morning, it was thousands of Argentine teenagers who spilled onto the beach.
March 26, 2002 |
Argentina's economic crisis took a new, potentially calamitous turn Monday as the value of the national currency plummeted despite desperate measures by the government over the weekend to prevent its slide. The devaluation comes as President Eduardo Duhalde faces new questions at home and abroad about his government's ability to lead the country out of its economic and social crisis. Valued at one to the dollar in December and at 2.
February 21, 2002 |
U.S. authorities on Wednesday banned Argentines from coming to the United States without a visa because of worries about a growing exodus of visitors seeking to flee their economically ravaged nation and find a permanent--and illegal--home in America.
February 12, 2002 |
Following days of uncertainty, hoarding and repeated calls for calm, Argentina allowed its currency to float freely against the dollar for the first time in a decade Monday. The peso slipped slightly in value but did not suffer the free fall many feared. Hundreds of people lined up outside exchange houses in Buenos Aires, the capital, where the dollar sold for about 2.1 pesos, a drop of about 5% from the peso's unofficial value Friday.
February 11, 2002 |
Half a century ago, the Caronna family bade farewell to Italy. Estela Caronna and her three children packed into a bus in Acerenza, a hillside town in Potenza province, and traveled by boat to a South American country whose very name was to them synonymous with affluence. None of them ever returned. Today, in an Argentina that every day becomes poorer and more violent, Caronna's granddaughter dreams of that village she's never seen.
February 10, 2002 |
Thousands of Argentines took to the streets early Saturday, banging pots and pans in the latest peaceful protest against a government unable to end a chaotic recession in its fourth year. President Eduardo Duhalde on Friday unveiled a sweeping plan to scale back government spending. But thousands of angry protesters responded with a march on the presidential palace, yelling insults at the beleaguered president.