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text Argentina Faces US Contempt Hearing - by james
US Federal Judge Thomas Griesa scheduled Argentina to appear for a contempt hearing on Monday, September 29. At issue is Argentina's failure to follow a court order to only continue to pay the 92% of bondholders who restructured after the country's 2001 default if Argentina pays a group of hold-out hedge funds. Argentina organized payment to restructured bondholders via an Argentine bank to avoid paying the hedge funds. The hedge funds, popularly known as "vulture funds," are asking the judge...
Posted: Fri Sep 26, 2014 8:27AM
text Why a Global Wealth Tax Reduces Inequality - by Thomas Piketty and Hagen Kramer
The distribution of incomes and assets is one of the most controversial themes today. History teaches us that economic forces press in different directions - either to more equality or away from equality. Which will prevail depends on what political decisions we make. The US was understood as the antithesis to the patrimonial societies of old Europe. Up to the First World War, the concentration of assets in the hands of the rich in the US was less extreme than in Europe. In the 20th centu...
Posted: Thu Sep 25, 2014 5:57AM
image Oxfam: Green Climate Fund pledges still far below target for developing countries 120_20140924-foe-green-climate-fund.jpg original image ( 640x427) - by Takver - Climate IMC
The UN Climate Change Summit in New York brought many new pledges and commitments on emissions reduction targets, reduced deforestation, and in financing the Green Climate Fund, and many more. But do they measure up to the challenge?
Posted: Wed Sep 24, 2014 5:31PM
text Karl Polanyi - Still Actual 50 Years After His Death - by Claus Thomasberger
Karl Polanyi was the author of "The Great Transformation." As in Polanyi's times, the absurdity of the market utopia must be made clear and confronted with social reality. Freedom and democracy are goals to defend, not markets. "Embedding the economy in society" has long been part of socioeconomic discourse. The disaster of the 20th century must be understood as a crisis of modern civilization, not as an economic crisis.
Posted: Mon Sep 22, 2014 6:41AM
text OECD Takes Strong Stance on Corporate Tax Avoidance - by James Griffin
The Organization for Economic Cooperation and Development (OECD) released a major proposal for curbing corporate tax avoidance yesterday. The OECD recommends international cooperation to prevent large corporations from avoiding taxes in the countries where they do business. The OECD plan comes amidst increased calls to crack down on corporate tax avoidance.
Posted: Wed Sep 17, 2014 7:14AM
image For Scotland’s Right to National Self-Determination 120_a_scotland.jpeg original image ( 350x191) - by Steven Argue
[Photo: Thousands of Scottish nationalists protesting the biased coverage of the BBC against Scottish independence on Sunday, September 14th. In addition, in recent months, large protests have also come out against the BBC’s biased coverage of the Israeli massacre of Palestinians in Gaza as well as their lack of coverage of a large protest against anti-working class austerity carried out by the British government.]
Posted: Tue Sep 16, 2014 7:19PM
video Pirate Bay founder on trial again (video/mp4 48.8MB) - by IndyRadio
Political prisoner Per Gottfrid Svartholm Warg, aka Anakata, is now on trial in Denmark where the game began with tables tilted against him. A video is attached to help you understand the legal struggles of Pirate Bay, and how it relates to the concepts of freedom vs. property in a rapidly changing world.
Posted: Sat Sep 13, 2014 10:53AM
image The BRICS: Challengers to the Global Status Quo 120_2014-brics.jpg original image ( 430x255) - by Walden Bello
Can the BRICS wrest control of the global economy from the United States and Europe, or will their internal contradictions tear them apart?
Posted: Wed Sep 10, 2014 4:32AM
text UN Votes for Process to Enact Bankruptcy Treaty and Stop Vulture Funds - by james
The UN General Assembly passed a historic resolution to begin treaty negotiations to enact a global bankruptcy process and stop predatory hedge funds. The resolution passed by a super-majority vote of 124-11 with 41 abstentions. The US voted no along with 10 other countries. The bankruptcy process could make it more difficult for hold-out investors to block countries from debt restructuring and could limit future defaults.
Posted: Tue Sep 9, 2014 1:58PM
video Brazilian Black Bloc -- still resisting (video/mp4 35.3MB) - by Support your local Black Bloc
Introdução ao Black Bloc -- Introduction to the Black Bloc Brazilian activists are embracing the Black Bloc tactic which proved very successful and appreciated by non-Bloc protesters against austerity (the teacher's union sent a formal thank you to the local Black Bloc for protecting their march from police attack).
Posted: Sun Sep 7, 2014 3:54PM
image NSA helped track Kurds for massacre in Turkey 120_600-kurds_10273_1.jpg original image ( 600x300) - by IndyRadio
Tracking by the NSA proven lethal.
Posted: Sun Sep 7, 2014 4:02AM
image Fingerprinting the Internet Governance Forum 120_800-igf-tr.jpg original image ( 800x533) - by IndyRadio
Invasive tracking was used by the host country of the Internet Governance forum. During the week of the forum in Turkey, trials of 29 twitter users continued uninterrupted nearby.
Posted: Sun Sep 7, 2014 3:30AM
text A Second Examination of Skinwalkers & 'Skinwalkers Moon' by Randee Redwillow - by Mike Raccoon Eyes Kinney
A SECOND EXAMINATION OF SKINWALKERS & 'SKINWALKERS MOON' BY RANDEE REDWILLOW
Posted: Fri Sep 5, 2014 1:26AM
text UN Treaty Could Enact Global Bankruptcy Process and Stop Predatory Funds - by James Griffin
The UN General Assembly votes Tuesday on a convention that could enact a global bankruptcy process and stop predatory hedge funds. Bolivia proposed the resolution that if voted upon is expected to pass by a majority.
Posted: Thu Sep 4, 2014 11:04AM
image Tibet's journey towards democracy, peace with justice and dignity 120_tibetan-_2014-13.jpg original image ( 791x537) - by Yeshe Choesang
Dharamshala: - Month of September Tibetans in exile mark the 54th anniversary of Tibetan Democracy Day. At the same time it is a time when we remember and celebrate the historical day that efforts to transform the exiled Tibetan society into a democracy. We should remember the day with His Holiness the Dalai Lama's collective efforts and value-commitment to democracy sustained non-violent and peaceful resistance against the Chinese rule to make millions of people across the world pay attentio...
Posted: Tue Sep 2, 2014 11:37PM
text United Nations Small Islands Conference Fails to Address Major Debt and Tax Crisis - by Sophia Har
UN conference on SIDS fails to address the major debt and tax crises.
Posted: Tue Sep 2, 2014 1:03PM
text Free Trade Agreement TTIP Endangers Democracy - by Christoph Bautz, U Storost and A Sawatzki
Investor courts of arbitration create an exclusive special right for foreign corporations. They could demand unlimited compensation when they see profits narrowed by democratic decisions. The lawsuits will be decided by economic lawyers who change roles as prosecutors, defendants and judges, not independent courts. Investor protection trumps labor and environmental rights! Stopping the TTIP is central to preserving sovereignty, environmental justice and the public sector
Posted: Tue Sep 2, 2014 5:20AM
image anarchist reportback from ferguson 120_dscn1835_1.jpg original image ( 4000x3000) - by chris irwin
Three Rivers Earth First! sent me to ferguson to scout and report back. This is the report back.
Posted: Sat Aug 30, 2014 12:04PM
video TOR developer Appelbaum explains why you are not exempt from NSA surveillance (video/mp4 63.4MB) - by IndyRadio
In South Africa, Jacob Appelbaum didn't have to explain the meaning of oppression or colonization, so he went right ahead to explain the role of the NSA and why you are not exempt.
Posted: Sat Aug 30, 2014 3:43AM
text Banks and Investors Challenge Predatory Funds Solutions Fall Short of Comprehensive Prote - by James Griffin
The International Capital Market Association (ICMA), a group of banks and investors, released a new debt framework this morning aimed at reducing the ability of predatory funds and holdout investors to undermine debt restructuring. The plan was created after meetings convened by the US Treasury Department in the wake of Greece's debt restructuring and comes in the aftermath of the landmark debt case between Argentina and NML Capital.
Posted: Fri Aug 29, 2014 10:46AM

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