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Milei: Social justice promotes hostility, incompatible with progress

President Javier Milei spoke on Friday at the headquarters of the Inter-American Development Bank (IDB) in Washington, D.C., United States. In the first part of his speech, he stated that “social justice is an abomination.” His address, delivered amidst the crypto scandal and titled “The Argentine Economic Model,” came after the libertarian leader visited the headquarters of the International Monetary Fund (IMF) for the second time this year, where he met with Managing Director Kristalina Georgieva to finalize details of the new program through which the government hopes to accelerate economic recovery and ease currency controls.

Throughout his speech, the president praised his ministers, particularly Economy Minister Luis Caputo and the head of the Ministry of Transformation, Federico Sturzenegger, whom he highlighted for his “Chainsaw 2.0” plan, referring to budget cuts within the state. Additionally, Milei forecasted further deregulation and criticized an economic group that “benefited” from the ban on exporting scrap metal.

As he began his address, the President claimed that “he avoided hyperinflation of 17,000% per year” due to the strong fiscal adjustment he implemented at the start of his administration. He highlighted several key indicators of his government’s performance while continuing to praise his ministers. He then turned his attention to the concept of social justice. “Because if the wealth creator is punished and the complainer is given money, the incentive is to complain and not work, which creates an incentive system incompatible with progress,” he argued.

“It has consequences on the quality of life in society, but not due to its economic damage, but because of the relationship between people. Promoting a society of envy makes society hostile, where there is constant conflict over a supposed class struggle because one person generates wealth and it is stolen. It is as if one is living in a permanent war,” he insisted.

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International

Trump to build $200M ballroom at the White House by 2028

The U.S. government under President Donald Trump announced on Thursday that it will begin construction in September on a new 8,000-square-meter ballroom at the White House.

The announcement was made by Karoline Leavitt, the administration’s press secretary, during a briefing in which she explained that the expansion responds to the need for a larger venue to host “major events.”

“Other presidents have long wished for a space capable of accommodating large gatherings within the White House complex… President Trump has committed to solving this issue,” Leavitt told reporters.

The project is estimated to cost $200 million, fully funded through donations from Trump himself and other “patriots,” according to a government statement. Construction is scheduled to begin in September and is expected to be completed before Trump’s term ends in 2028.

The Clark Construction Group, a Virginia-based company known for projects such as the Capital One Arena and L’Enfant Plaza in Washington, D.C., has been selected to lead the project.

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The new ballroom will be built on the East Wing of the White House, expanding the iconic residence with a space designed for state dinners, official ceremonies, and large-scale events.

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International

Three salvadorans in Florida sentenced in $146 million construction tax fraud scheme

Three Salvadoran residents living in Orlando, Florida, were sentenced for conspiracy to commit tax fraud and wire fraud involving a scheme exceeding $146 million in the construction industry, according to the U.S. Attorney’s Office for the Middle District of Florida. The sentence was handed down by federal judge Timothy J. Corrigan on Tuesday, July 29.

Eduardo Aníbal Escobar (45) was sentenced to 4 years and 9 months in prison, Carlos Alberto Rodríguez (36) to 3 years and 4 months, and Adelmy Tejada (57) to 18 months in prison, followed by 6 months of house arrest. All three pled guilty on April 3, 2025.

In addition to the prison terms, the court ordered restitution payments totaling $36,957,616 to the IRS for unpaid payroll taxes, and $397,895 to two insurers for workers’ compensation claims related to the scheme.

Escobar and Rodríguez are permanent legal residents originally from El Salvador, while Tejada is a naturalized U.S. citizen of Salvadoran origin.

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International

Kremlin hails preparedness after Kamchatka quakes leave no casualties

The Kremlin expressed relief that the earthquakes that struck Russia’s Kamchatka Peninsula today —the first being the strongest since 1952— resulted in no casualties, and emphasized that the region is well prepared to face such natural disasters.

“Thank God, there were no victims,” said Kremlin spokesman Dmitry Peskov during his daily press briefing.

The presidential representative stated that “all alert systems were activated in time, and evacuations were organized for residents in areas requiring it in response to tsunami threats.”

“Overall, the seismic resilience of the buildings proved effective (…) Therefore, we can say that the technological preparedness demonstrated a high level,” Peskov added.

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