U.S. Banks Face Threat: Economic Crisis in Argentina Spreads to Brazil and Uruguay
San Jose, CA – In late September, people turned off their lights in Argentina's capital city, Buenos Aires, and in much of the rest of the country. This latest protest was aimed at the foreign-owned utility companies that want to raise energy prices by 35 to 50%, and the telephone rates by as much at 275%. While the national government would like to let the utilities hike their prices, many people are calling for returning the utilities to public ownership, since there has been no improvement in service since they were privatized.