The Word Is Out on BA’s “Wonderfulness”

Wine critic Matt Kramer writes of the "wonderfulness" of BA. (Pictured: Soberbia 22 in Palermo)

Wine critic Matt Kramer writes of the "wonderfulness" of Buenos Aires. (Pictured: Soberbia 22 in Palermo)

American wine critic and Wine Spectator contributing editor Matt Kramer arrives in Buenos Aires for a three-month stay and wastes little time getting to know the food & wine delights of his newly adopted barrio of Palermo Soho. Kramer authored several Making Sense of Wine books and coined a term “somewhereness” in describing a wine’s character.  Prior to his departure, Kramer—a seasoned globetrotter—says none of his friends or family members ever asked him,Why Argentina? “Apparently, the word is out on the wonderfulness of Argentina as a place and the Argentines as a people,” Kramer surmises, “And, let’s be honest, the word is also out about how wonderfully inexpensive Argentina is for those of us trading woebegone American bucks for even more economically bedraggled Argentine pesos.” In describing what makes BA unique, Kramer points to the “intactness” of the city and a true feeling of identity in the city’s many diverse neighborhoods. In his own neighborhood of Palermo Soho, Kramer praises the diversity of culinary offerings: “Around the corner from us is a Moroccan restaurant. Italian restaurants abound. And, surprisingly, there are a fair number of sushi places.” So for at least one veteran critic in Buenos Aires, it seems “somewhereness” has truly given way to “wonderfulness.” ¡Buen provecho! (Full Wine Spectator article)

Hundreds of foreign jetsetters ring in the New Year at BA's Faena Hotel (Source: Clarín)

Hundreds of foreign jetsetters ring in the New Year at BA's Faena Hotel (Source: Clarín)

The Dow broke above 10,000 this morning and European debt concerns eased, so TheStreet.com figures Wall Street execs could use some tips on what foreign countries to invade and blow invest their next quarterly bonus. But this isn’t 2000 when you could charter a G-IV and kite off to Sardinia for a Tyco toga party featuring Jimmy Buffett, an ice sculpture of Michelangelo’s David spewing vodka from his privates and a birthday cake in the shape of a woman’s breasts with lit sparklers.  No, this is 2010, so you’ve got to fly coach and hopefully find a country with an exchange rate that makes the hard-earned, government bailout coin go a little farther. Look no further than Buenos Aires writes JetSetReport.com’s Michael Martin. “BA’s allure remains undiminished for American travelers looking for the romance of Paris made affordable by the weak Argentine peso,” Martin writes, “Tourism has flourished in Argentina’s capital with a bevy of new boutique hotels along the vibrant Puerto Madero waterfront and new developments by star architects such as Norman Foster and Philippe Starck.” It’s been exactly four years since New York Magazine’s Moveable Fiesta article which declared Buenos Aires “The New Expat Heaven.” Judging by TheStreet.com article, very little has changed…except for the more favorable exchange rate. The vodka-spewing ice sculpture may still be out of reach, but then again, life is all about trade-offs. (TheStreet.com article and JetSetReport.com).

Argentina and Uruguay were the top 2 Latin American destinations in IL's Annual Quality of Life Index.

Argentina and Uruguay were the top 2 Latin destinations in IL's Annual Quality of Life Index.

January’s headlines out of BA were either steeped in controversy (The debt row and Central Bank standoff) or sexual scandal (Fake Viagra from China and Cristina’s pork promotion.) Yet, despite all of the infighting and innuendo, there was one very positive piece of news that merits repeating for those contemplating relocation to Argentina. For the second consecutive year, Argentina and Uruguay were the two highest ranking Latin American countries in International Living’s annual 2010 Quality of Life Index. (Click image to enlarge) On the 1-100 scale, Argentina received its highest marks in the categories of Risk & Safety (100), Climate (91), Freedom (83) and Health (82). Of the 194 countries surveyed, Argentina ranked #26 sandwiched right between the United Kingdom and Slovenia; however, Argentina’s Cost of Living score (61) was actually 2x better than the U.K.’s (30). Neighboring Uruguay, another InvestBA favorite along the Tango Coast, garnered the #19 spot on the IL 2010 Index, sandwiched right between more expensive and significantly colder European competitors, Finland and Hungary. In a related story, data released this week from Argentina’s Tourist Ministry suggests a record number of foreigners traveled to Argentina in January “buoyed by an improved global economic situation and competitive prices at the country’s different destinations relative to those of its neighbors.” The entire 2010 Quality of Life Index ranking is available at InternationalLiving.com.

Faking It: “Viagra Trucho” Washes Ashore in BA

Over 400,000 fake Viagra and Cialis tablets were seized yesterday in BA.

From China With Love: Over 400,000 fake Viagra and Cialis tablets were seized yesterday in BA.

No shortage of strange merchandise arrives daily at the Port of Buenos Aires, but the shipment seized yesterday by port officials is the kind of fodder that makes satirists and late-night talk show hosts salivate. On the surface, the jumbo container from China appeared innocent enough….“Electric Lamps” read the paperwork. But on closer inspection, Argentine Customs officials discovered 400,000 blister packs containing Viagra and Cialis tablets in 23 boxes. (You have to give the Chinese credit for good market timing. With temperatures soaring to 100 this past weekend, exposed skin, stress and sexual tensions runneth over in BA.) But rather than confiscating or sampling these little electric lamps (that reportedly last between 6 and 36 hours), court officials ordered a chemical analysis of the merchandise. The lab results were less-than-arousing: The tablets were fake…a finding which Pfizer later confirmed. So with all of the comedic elements in place (cultural, sexual, trade scandal, etc.), the floodgates opened on the local message boards. This comment by “DCirlo_Carlo” under La Nacion’s article is a prime example: “How wonderful!  Just what we Argentines needed, fake Viagra! On the bright side, at least we have abundant alternative sexual stimulants at hand: You just need to read the Political page of any newspaper, and the fever it generates would be enough to film 30 consecutive pornos without pausing for an aspirin.”

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Shabby Chic: A renovated estancia near Colonia, Uruguay (Source: Lucy Gilmore, The Guardian)

Shabby Chic: A renovated estancia near Colonia, Uruguay (Source: Lucy Gilmore)

“Summertime…and the living is easy.” That’s what The Guardian’s Lucy Gilmore discovered during her recent trip to Uruguay. Gilmore visited some of the hidden gems of the Tango Coast including the port town of Colonia del Sacramento and some beautiful renovated estancias just a few kilometers inland. The estancias, which date back to the 1880’s, are finding new life as “designer farms” as young Argentine professionals, perhaps seeking a better work/life balance, are opting for Uruguay’s bucolic charms. One of the architects Gillmore stayed with completely renovated his estancia which she describes as “whitewashed and low-lying, with five bedrooms, the style is shabby chic: old shutters, wooden floors, and beds draped with muslin canopies.” I myself am just back from end of the year vacations in Uruguay which ranged from the natural beauty of Colonia to the noise and nightlife of Punta del Este. Like Miss Gilmore, I find myself gravitating more toward the peace and tranquility of the former. The coastline drive from Piriápolis west to Colonia is beautiful (Photo), and the terrain looks more like Central Virginia than South America. I have another Argentine friend, Andrés, who takes his family to their WiFi-enabled estancia in Colonia for the entire month of January. As a web designer, he doesn’t miss a beat, and the close proximity to Buenos Aires makes commuting via Buquebus a cinch. With more stories like this and last year’s NuWire Investor piece, Uruguay will continue to attract more foreign property investors in 2010. (Full Article)

 
© 2010 InvestBA, S.A.