Populism's Latin American revival could reach Argentina

Here for the book club? Fernández supporters at the launch of her new book, "Sincerely." Photo: Emiliano Lasalvia/AFP/Getty Images

Argentina's center-right ruling coalition suffered a resounding defeat Sunday in regional elections, but the lessons ahead of October's presidential vote are less clear cut.

The big picture: The landslide winner in Córdoba, incumbent Gov. Juan Schiaretti, falls between two pillars of Argentine politics — Mauricio Macri, the unpopular president, and Cristina Fernández de Kirchner, his populist predecessor. Fernández is aiming for a political comeback despite facing a slew of corruption charges.

  • "Amid economic turmoil that has battered Argentina’s markets, job losses and stubborn inflation, hard-hit voters have been losing faith in Macri, though many are wary of turning back to ... Fernández, seen as the likely main contender," per Reuters.
  • What to watch: A recent poll put Fernández 9 points ahead of Macri in a hypothetical second-round matchup. Fernández held a campaign-style rally last week to launch her new book, which is already a smash hit, the FT reports.

Flashback, from the FT's outgoing Latin America editor John Paul Rathbone:

  • "[F]our years ago, I was amazed, as were many, when [Macri] unexpectedly won Argentina’s presidency. He was young, apparently sensible and open-minded. Most important of all, he was unencumbered by ideology or nostalgic nationalism."
  • "Wonderful irony: perhaps the continent was at last rejecting the siren call of populism, just as the west had begun to embrace it. Yet now, the region, or at least Brazil and Mexico, have apparently returned to form and elected 'national saviors' as their leaders. Is there ever an escape from the labyrinth?"

Zoom out: The Economist lays out "clear signs of disenchantment with democracy" across Latin America in this week's edition.

What's next

Pelosi slams McConnell trial rules as "deliberately designed to hide the truth"

Photo: Mark Wilson/Getty Images

House Speaker Nancy Pelosi (D-Calif.) claimed in a statement Tuesday that the rules Senate Majority Leader Mitch McConnell (R-Ky.) has proposed for President Trump's impeachment trial diverge from the Clinton precedent and show he has "chosen a cover-up" over a fair trial.

Context: McConnell made public an organizing resolution Monday laying out the terms for the trial, which include 24 hours over two days for each side to present their cases. It would block evidence discovered in the House impeachment investigation from being presented without a separate vote, and would delay a vote on whether to subpoena witnesses and documents until later in the trial.

Setting the scene for Super Bowl LIV

Illustration: Sarah Grillo/Axios

After a grueling four months of football, Patrick Mahomes has led the Chiefs out of the darkness and into the Miami sun, where the 49ers football machine awaits them in the Super Bowl.

"The Gunslinger"

Mahomes is 24 years old, arguably the best player in football and he just toppled Tom Brady as the top seller of NFL merchandise. A star has already been born — now he has the biggest stage in sports to showcase his brilliance.

Go deeperArrow2 hours ago - Sports

Exclusive: The Athletic raises $50 million

Adam Hansmann (left) and Alex Mather (right), co-founders of The Athletic. Photo: Steph Gray, courtesy of The Athletic

The Athletic, a subscription-based digital sports media company, has raised $50 million in a Series D funding round, executives tell Axios.

  • With this investment, the company has raised a total of $139.5 million since its launch in 2016 and is valued at roughly $500 million after the new raise, according to sources familiar with the deal.
Go deeperArrow2 hours ago - Media