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Cacerolazo En Buenos Aires
In Spanish language, Spanish, a cacerolazo ( or ) or cacerolada (); also in Catalonia, Catalan a cassolada ( or ) is a form of popular protest which consists of a group of people making noise by banging pots, pans, and other utensils in order to call for attention. The first documented protests of this style occurred in France in the 1830s, at the beginning of the July Monarchy, by opponents of the regime of Louis Philippe I of France. According to the historian Emmanuel Fureix, the protesters took from the tradition of the charivari the use of noise to express disapproval, and beat saucepans to make noise against government politicians. This way of showing discontent became popular in 1832, taking place mainly at night and sometimes with the participation of thousands of people. More than a century later, in 1961, "the nights of the pots" were held in Algeria, in the framework of the Algerian War, Algerian War of Independence. They were thunderous displays of noise in cities of ...
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Interim Batasang Pambansa
The Interim Batasang Pambansa ( English: Interim National Assembly) was the legislature of the Republic of the Philippines from its inauguration on June 12, 1978, to June 5, 1984. It served as a transitional legislative body mandated by the 1973 Constitution as the Philippines shifted from a presidential to a semi-presidential form of government. Sessions * First Regular Session: June 12, 1978 – June 6, 1979 * Second Regular Session: July 23, 1979 – June 11, 1980 * Third Regular Session: July 28, 1980 – April 28, 1981 * Fourth Regular Session: July 27, 1981 – June 1, 1982 * Fifth Regular Session: July 26, 1982 – April 14, 1983 * Sixth Regular Session: July 25, 1983 – June 5, 1984 Leadership * President: Ferdinand Marcos ( KBL) * Prime Minister: ** Ferdinand Marcos ( KBL), until June 30, 1981 ** Cesar Virata ( KBL), from July 28, 1981 * Deputy Prime Minister: ** Cesar Virata ( KBL), until July 28, 1981 ** Jose Roño (Region VIII, KBL), from July 28, 1981 * ...
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Cacerolazo En Buenos Aires
In Spanish language, Spanish, a cacerolazo ( or ) or cacerolada (); also in Catalonia, Catalan a cassolada ( or ) is a form of popular protest which consists of a group of people making noise by banging pots, pans, and other utensils in order to call for attention. The first documented protests of this style occurred in France in the 1830s, at the beginning of the July Monarchy, by opponents of the regime of Louis Philippe I of France. According to the historian Emmanuel Fureix, the protesters took from the tradition of the charivari the use of noise to express disapproval, and beat saucepans to make noise against government politicians. This way of showing discontent became popular in 1832, taking place mainly at night and sometimes with the participation of thousands of people. More than a century later, in 1961, "the nights of the pots" were held in Algeria, in the framework of the Algerian War, Algerian War of Independence. They were thunderous displays of noise in cities of ...
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Supreme Court Of Argentina
The Supreme Court of Argentina (), officially known as the Supreme Court of Justice of the Argentine Nation (, CSJN), is the highest court of law of the Argentine Republic. It was inaugurated on 15 January 1863. During much of the 20th century, it and the Argentine judicial system in general lacked autonomy from the executive power. It was reformed in 2003 by the decree 222/03. The Supreme Court functions as a last resort tribunal. Its rulings cannot be appealed. It also decides on cases dealing with the interpretation of the constitution (for example, it can overturn a law passed by Congress if deems it unconstitutional). The members of the Supreme Court are appointed by the President with the agreement of at least two-thirds of the present Senate members in a session convened for that purpose, and can only be removed by an impeachment process called ''juicio político'' ("political trial"), initiated by the Chamber of Deputies and carried out by the Senate, exclusively on g ...
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Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an Interbank lending market, interbank exchange rate of 141 Japanese yen to the United States dollar means that ¥141 will be exchanged for or that will be exchanged for ¥141. In this case it is said that the price of a dollar in relation to yen is ¥141, or equivalently that the price of a yen in relation to dollars is $1/141. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating exchange rate, floating, fixed exchange rate, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can als ...
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United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ...
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Devaluation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a '' revaluation''. A monetary authority (e.g., a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. However, under a floating exchange rate system (in which exchange rates are determined by market forces acting on the foreign exchange market, and not by government or central bank policy actions), a decrease in a currency's value relative to other major cur ...
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Bank Deposit
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer (depositor) relationship is one of debtor-creditor. Some banks charge fees for transactions on a customer's account. Additionally, some banks pay customers interest on their account balances. Types of accounts * How banking works In banking, the verbs "deposit" and "withdraw" mean a customer paying money into, and taking money out of, an account, respectively. From a legal and financial accounting standpoint, the noun "deposit" is used by the banking industry in financial statements to describe the liability owed ...
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Bank Account
A bank account is a financial account maintained by a bank or other financial institution in which the financial transaction A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or assets for payment. Any transaction involves a change in the status of the finances of two or mo ...s between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from the accounts in accordance with their terms and conditions. The financial transac ...
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Corralito
Corralito () is the informal name for the economic measures taken in Argentina at the end of 2001 by Minister of Economy Domingo Cavallo in order to stop a bank run which implicated a limit of cash withdrawals of 250 ARS per week (at that time US$1 = 1 ARS). Electronic transfers and credit and debit card payments were not disrupted. The Spanish word is the diminutive form of , which means "corral, animal pen, enclosure"; the diminutive is used in the sense of "small enclosure" and in Argentina also "a child's playpen". This expressive name alludes to the restrictions imposed by the measure. The term was coined by journalist . Background and initial measures In 2001, Argentina was in the midst of an economic crisis: heavily indebted, with an economy in complete stagnation (an almost three-year-long recession), and the exchange rate fixed at one U. S. dollar per Argentine peso by law, which made exports uncompetitive and effectively deprived the state of having an indep ...
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Middle Class
The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. The term has historically been associated with modernity, capitalism and political debate. Common definitions for the middle class range from the middle fifth of individuals on a nation's income ladder, to everyone but the poorest and wealthiest 20%. Theories like "Paradox of Interest" use decile groups and wealth distribution data to determine the size and wealth share of the middle class. Terminology differs in the United States, where the term ''middle class'' describes people who in other countries would be described as working class. There has been significant global middle-class growth over time. In February 2009, ''The Economist'' asserted that over half of the world's population belonged to the middle class, as a result of rapid growth in emerging countries. It characterized the middle class as having a reasonable amo ...
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Demonstration (people)
A political demonstration is an action by a mass group or collection of groups of people in favor of a political or other cause or people partaking in a protest against a cause of concern; it often consists of walking in a mass march formation and either beginning with or meeting at a designated endpoint, or rally, in order to hear speakers. It is different from mass meeting. Demonstrations may include actions such as blockades and sit-ins. They can be either nonviolent or violent, with participants often referring to violent demonstrations as " militant." Depending on the circumstances, a demonstration may begin as nonviolent and escalate to violence. Law enforcement, such as riot police, may become involved in these situations. Police involvement at protests is ideally to protect the participants and their right to assemble. However, officers don't always fulfill this responsibility and it's well-documented that many cases of protest intervention result in power abus ...
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