MercoPress. South Atlantic News Agency
Inflation in Uruguay remains ever so far from the Central bank annual target
Consumer prices in Uruguay during July increased 0.77% while twelve-month inflation reached 8.75%, which is the highest since last February, and well ahead of the 8.21% to June, according to the latest release from the country’s National Stats Institute, INE. Read full article
Comments
Disclaimer & comment rulesOnly Pepe and his mates, the ex-terrorists, do not understand why inflation is raging.
Aug 06th, 2013 - 12:53 pm - Link - Report abuse 0YOU ARE SPENDING TOO MUCH GOVERNMENT 'MONEY' ON THE WORKSHY YOU TWATS.
It's not your money either, it's the workers and tax payers, spend it wisely (as if they could).
Lenin used inflation as a tool to destroy the middle class (he shot loads as well), as did Stalin in post WW2 Hungary. Todays Bolshies are less vigorous, but the plan is the same, to destroy economic life through inflation, which is caused by the Central bank inflating the money supply.
Aug 06th, 2013 - 04:59 pm - Link - Report abuse 0Chris
Aug 06th, 2013 - 06:09 pm - Link - Report abuse 0Uruguay just toppled Chile in social inclusion.
USA got third place.
;)
3 Stevie
Aug 07th, 2013 - 12:13 pm - Link - Report abuse 0And your end of it was what? How much of the money you have for your wife and children did YOU give to Uruguay to “improve” social inclusion.
Inclusion in what? Not working at a better standard of living (because of government handouts) when they weren't working anyway?
When will you get the gist of the problem? When everyone works, everyone is better off! It's so bloody simple to understand, surely.
But therein lies the rub in Uruguay. The mature people are poorly educated compared to their opposite numbers wealthier countries and have failed to keep up with the needs of modern business so they work for the government. Road sweeping by hand when a couple of machines could do the job, government offices full of staff who do nothing but chat to one another, government monopolies who can’t be bothered to talk to the poor sods known as customers who try to get problems resolved (UTE).
The young people I have talked to (and you know my unofficial job) are desperate to leave the country (sound familiar) and are concerned that although they have been to University, their qualifications will not be accepted in the USA (THE favourite country). One young lady (21 YO) will this year qualify as an accountant but also speaks English, Italian and Portuguese, and is presently in Canada learning French.
I cannot wait to find out how she feels when she comes back as this was the first time abroad and alone! Her emails just bubble with excitement. Do you REALLY think Uruguay is going to provide enough mental stimulation for this girl? Her mother has already accepted that it is highly likely she will go back or try another country. THESE are the sorts of youngsters that this country needs but this government seems not to know it or care.
http://americasquarterly.org/charticles/Social_Inclusion_Index_2013/index.html
Aug 07th, 2013 - 01:21 pm - Link - Report abuse 0You see Chris, Uruguay does not do exceptionally well in economics, but we are the country in America with percentually the least poor people (income less than $4/day). In both gender and race.
We also have the highest government responsiveness in the continent.
Another top spot in access to formal jobs, both in gender and race.
Another shared top spot in LBGT rights.
All in all, a fine 1st place, at least for those who loves lists, and we know who they are, don't we?
As for USA, I “chuckled” at this phrase;
“The U.S.’ rank below Uruguay and Chile may come as a surprise. While there are clear challenges to social inclusion in the U.S., it’s worth noting that we didn’t have U.S. data for eight of the variables on which we ranked the other countries, explaining, in part, its place”
- See more at: http://americasquarterly.org/charticles/Social_Inclusion_Index_2013/index.html
@ 5 Stevie
Aug 07th, 2013 - 05:17 pm - Link - Report abuse 0I have read this as a statistician in an attempt to make sense of the data and the claims.
Firstly, there is no WE. There is ME paying ALL the taxes that I should and you living in Sweden and NOT paying anything into Uruguay except perhaps for some IVA when you come to see your mom and dad. Not that I think you should pay taxes if they are going to be wasted on the idle ‘poor’.
I can agree with you that Uruguay does not do well in economics which is even more reason NOT to give away the hard earned taxes of the people who DO work for a living. Consider the statement “ “A country can only reduce poverty and inequality if it grows economically” to which I totally agree. What a shame that the ROU is NINE out of 16 BUT, miraculously SECOND after Brazil on money spent on social programmes. With this complete out of balance it is no wonder Vasquez is concerned about the wasteful spending he will inherit.You have still to answer me on how much money YOU pay in direct tax to Uruguay, I suspect the answer is NADA.
With regard to you lauding it over the USA coming below the ROU. Have you READ the qualifications? Out of 10 variables on Social Inclusion, the USA only had TWO factual ones to count and the others were ‘guessed’ by this “Americas” outfit. I think in the circumstances this is more than acceptable, don’t you?
And why have you not made reference to the fact that the ROU comes BELOW the USA on homicide rates per 100K? USA 4.8 and the ROU 6.1 (A DIFFERENCE OF TWENTSEVEN PERCENT). How many times have we heard the cry from your adopted country of Argentina that homicides in the States is greater?
As a qualified statistician I must say that this bunch cannot really be trusted because they alter the topics and the content regularly over the years. They then justify this years figures by claiming to have disentangled the data. There is a big assumption here: how can they warrant that what they disentangle SHOULD have been disentangled especially
Ah, so that list is no good for you?
Aug 07th, 2013 - 07:32 pm - Link - Report abuse 0I guess only those lists that provide your stats are the only reliable ones then.
Go figure.
Uruguay is doing great, and as a future Uruguayo, you should be happy.
Or is there a grumpy reason you left the UK in the first place?
CONTINUED:
Aug 08th, 2013 - 08:24 am - Link - Report abuse 0There is a big assumption here: how can they warrant that what they disentangle SHOULD have been disentangled especially (BREAK) when changing content. Technically this would be regarded in any serious statistical document as “fractured” or even “corrupted” data.
You can continue to draw unjustified pride from what Pepe and his mob have done but I think I have clearly shown the error in that.
Reply to @7
What is it with you and grumpy, were you frightened by Snow White and the seven commies when you were a child? I am not at all grumpy, simply frustrated as hell how having started the presidency so well Pepe has been hi-jacked by his former bank robber mates and has, frankly, fucked the country well and truly. Even Vasquez has jibbed at taking over the economy in this state.
Uruguay is not doing alright by any realistic measure (except your much vaunted social inclusion) and Pepe and Co. have screwed the finances just like New Labour in the UK, they are both socialist after all, what can you expect?
Lets see Chris...
Aug 08th, 2013 - 12:03 pm - Link - Report abuse 0World Bank:
http://www.worldbank.org/en/country/uruguay/overview
IMF:
http://www.worldbank.org/en/country/uruguay/overview
Intracen:
http://www.worldbank.org/en/country/uruguay/overview
But hey, you seem to know better...
@9 Stevie
Aug 08th, 2013 - 04:19 pm - Link - Report abuse 0THE WORLD BANK “Working for World Free of Poverty”
“The good macroeconomic performance was reflected in the labour market, which recorded historically low levels of unemployment in 2011 (6.0 %). Moreover, thanks to the vigorous economic expansion and the social policies implemented, there has been substantial progress in poverty reduction.”
Well it would be low after they took on THOUSANDS of extra UNPRODUCTIVE government employees and it’s the good old social policies of giving hard working taxpayers money away again! Did you note most of this was dated 2004 to 2011. Pepe had been the president for 12 months, you do KNOW what has happened since then don’t you: USD 2 BILLION note like The Dark Country because even Pepe realises he cannot pay all the robbing Peter to pay the idle will not be paid back IN HIS LIFETIME. These things, if done properly, should be self-financing otherwise you end up owing billions, just like now.
“Notwithstanding the significant progress in debt reduction, debt remains at relatively high levels,.... It has become important for the country to achieve higher investment levels and improve the competitiveness of its economy, especially with respect to productive capacity and infrastructure”
And do you really think this supports your claims? Have you READ these articles because I seriously doubt it otherwise you do not understand what they are saying. You do realise that these people cannot say in BOLD WORDS what they mean by these soft words, just like the nuances you claim I do not understand.
There is little point pursuing this any further, you are just attempting to deflect me.
Chris
Aug 08th, 2013 - 04:39 pm - Link - Report abuse 0Those articles tells you the truth, without painting Uruguay in the colours of paradise, it highlights the achievements made the last ten years.
Substantial achievements.
Which isn't the same as everything laying on a bed of roses.
As for Pepe's share:
http://www.lr21.com.uy/economia/1121740-banco-mundial-uruguay-redujo-la-pobreza-mejoro-equidad-avanzo-en-reformas-y-aun-tiene-mucho-potencial
That's the outgoing representant of the World Bank in Uruguay, Swiss Economist Peter Siegenthaler.
He says that, I quote,
“se sumaron tres años muy buenos en materia de expansión económica, reducción de la pobreza, mejoras en equidad y varias reformas que avanzaron. Si hace tres años y medio la situación era muy prometedora en términos generales, hoy pintaría una imagen más o menos parecida”
Roughly translated;
“Three very ood years where added to the economical Growth, reduction of poverty, improvements in equality and various reforms that were implemented.
If three and half years ago, the situation was promising in general terms, today the Picture is roughly the same.”
You were saying?
11 Stevie
Aug 08th, 2013 - 06:41 pm - Link - Report abuse 0There is a fundamental problem here. You and Pepe think that social inclusion involves taking from those who are working and giving it to the 'poor'.
Why are they poor? Are they intrinsically poor? Do they have a 'poor' gene?
NO. They don't have a job to earn money. If you GIVE them money without working WTF should they work? They WON'T. But they will be above the USD 4.5 / day limit!
But the stupidity of this goes to the old saying: “don't give a poor man fish, he will be fed today, but will be hungry tomorrow – give him a net and teach him to fish and he will be fed for the rest of his life”.
SO, where are the jobs? ANSWER: there are no jobs other than working for the government and they are non-productive.
AND THAT IS THE PROBLEM.
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