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International Monetary Fund Releases Plans to Stop Predatory Hedge Funds - by James
The International Monetary Fund (IMF) released new proposals for preventing predatory hedge funds and hold-out investors from blocking debt restructurings. The paper proposes a series of reforms to debt contracts, including strengthened collective action clauses and a modification of the pari passu clause that hold-out hedge funds used to sue Argentina.
Posted: Mon Oct 6, 2014 12:07PM
Beyond Development: Alternative Visions from Latin America - by www.rosalux.de
First translated edited edition: Transnational Institute / Rosa Luxemburg Foundation. August 2013 Originally printed in Spanish ‘Mas alla del desarrollo’ by Fundación Rosa Luxemburg/Abya Yala Ediciones in November 2011.
Posted: Thu Sep 11, 2014 4:00PM
August 2014 Honduras Coup Update - by Sydney With Honduras Wordpress
A monthly update of the political persecution and plunder in Honduras - see archives here: http://sydneywithhonduras.wordpress.com/monthly-news-summaries/
Posted: Mon Sep 8, 2014 1:41PM
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
Save the pink river dolphin (Amazon/Brasil) - by XAD
The pink river dolphin (Inia geoffrensis), also known as boto, is being massacred in the Amazon/Brasil to be used as bait. Save the pink river dolphin! Sign the petition!
Posted: Sun Aug 3, 2014 7:42PM
Argentina Debt Payments Blocked by US Court - by Anya Lewis-Meeks
The Argentine government announced Thursday that it transferred funds to the Bank of New York Mellon to pay the 92% of bond holders who restructured after Argentina's 2001 default.
Posted: Fri Jun 27, 2014 6:33AM
High court rules that financiers are more sovereign than Argentina - by East Side
Although the corporate press has attempted to reduce Argentina’s debt to a simple morality tale of a debtor being obligated to pay back its creditors, the picture becomes much clearer once we understand the odious nature of Argentina’s debt.
Posted: Mon Jun 23, 2014 10:42AM
IMF Releases Paper on Ending Predatory Behavior - by Anya Lewis-Meeks
The International Monetary Fund (IMF) officially released a major paper focused on increasing stability in the financial system and preventing predatory hold-out behavior in debt restructuring.
Posted: Fri Jun 20, 2014 12:04PM
Green Sea Turtle ‘Sanjay’ Makes Historic Migration - by Joanna Nasar
Sanjay, a male endangered green sea turtle, made history when he completed his 14-day migration from the Cocos Island Marine National Park in Costa Rica to the Galapagos Marine Reserve in Ecuador. Sanjay is the first turtle to directly link these two protected marine areas, proving the connectivity of the Eastern Tropical Pacific as well as the importance of protecting migration routes.
Posted: Thu Jun 19, 2014 1:43PM
Argentina Responds to Supreme Court with Debt Swap Plan - by Erin Kelso
In reaction to an adverse Supreme Court ruling against Argentina, President Cristina Fernández de Kirchner announced that Argentina would offer new bonds to its creditors governed under Argentine law. The proposed debt swap would involve the 92% of the country's creditors that agreed to restructure in the wake of the country's 2001 default. While the debt swap proposes an alternative for the South American country to avoid paying hold-outs, it fails to reverse the global implications on debt...
Posted: Wed Jun 18, 2014 12:15PM
Argentina Battles in Two World Cups - by Andrew Hanauer
While National Team Prepares to Face Bosnia, Government Fights Hedge Funds at US Supreme Court
Posted: Fri Jun 13, 2014 1:24PM
LA OTRA MIRADA desde Venezuela - by Luis Bonilla-Molina
Hoy sale en un conjunto de páginas web anticapitalistas internacionales, la segunda edición del Programa LA OTRA MIRADA desde Venezuela, que tiene como conductor al profesor Luis Bonilla-Molina y está bajo la dirección técnica de Dilancy May. En esta oportunidad el entrevistado es el Ministro del Poder Popular para las Comunas y los Movimientos Sociales REINALDO ITURRIZA. Durante una hora el entrevistado responde a importantes preguntas sobre la actualidad y prospectiva de la construc...
Posted: Sun May 18, 2014 10:50AM
Caribbean Religious: Cancel Debts, IMF Austerity - by Hannah Shultz
Religious leaders and trade union representatives from across the Caribbean gathered on the "Spice Isle" over the past week to formally launch the Caribbean Debt Network to influence debt restructurings and austerity policies taking place across the Caribbean. Six out of the twenty most heavily indebted countries in the world are in the Caribbean. Various Catholic Dioceses and the Caribbean Council of Churches attended the launch from St. Vincent, Barbados, Dominica, Trinidad and Tobago, Jama...
Posted: Thu May 1, 2014 1:47PM
“Markets are a Terrible Master,” Says President Rafael Correa of Ecuador - by Jonathan Nack
We believe in society with markets, but society must govern the markets... Markets [are] a very good servant, but a terrible master,” said Pres. Correa, during a wide ranging interview with Rose.
Posted: Tue Apr 29, 2014 11:44AM
Supreme Court Hears Argentina Predatory Hedge Fund Discovery Case High - by Arielle Retrosi
On Monday, the Supreme Court hears arguments between Argentina and holdouts who refused two debt restructuring deals after Argentina defaulted on its debts in 2001. The Supreme Court Justices will determine if predatory hedge fund, NML Capital can obtain information from US Banks that reveal Argentina's holdings in order to target those assets for debt payments. The Obama Administration is siding with Argentina in the case. In the summer, the Supreme Court will also decide if it will hear a m...
Posted: Fri Apr 18, 2014 10:39AM
The synchronization of genocidal state terror against Indigenous Peoples - by Ardaga - Huup-té Dschaam Dscheu
From the US founding fathers to contemporary Brazil’s totalitarian Land Party: Capitalist and religious fundamentalism(s) were and still are the principal motors of genocide (and biocide). Soon Brazil will be in the limelight of the Football World Cup. Yet, what you will NOT see is the massacre behind the happy spectacle-sport make-up. The organized terrorism of transnational corporations, agribusiness and government against nature & man. Among them the less than a million surviving Ind...
Posted: Wed Mar 26, 2014 5:10AM
Calidad de la Educacion I - by Luis Bonilla-Molina
La propuesta del autor es que se inicie una dinámica de diseño e implementación de iniciativas interdiarias de transformación educativa con equipos de seguimiento e implementación. 200 días para seguir transformando la educación en la ruta de garantizar una educación gratuita, popular y de calidad en el marco de la revolución Bolivariana.
Posted: Sun Mar 16, 2014 1:51PM
Venezuela. Damage assessment. Lopez surrenders. Coup suffers setback - by Les Blough and Arturo Rosales
Since our February 14 report from Venezuela of the right-wing violence against government infrastructure, institutions, workers and media, the attacks have continued sporadically across the country. In this report we provide a damage assessment, media coverage and the response from the people and international governments.
Posted: Tue Feb 18, 2014 11:25PM
Constructing the Anti-Government “Protests” in Venezuela Through Deception: A Photo Gallery - by Mahdi Darius Nazemroaya
There is no flabby pretense of “objectivity” on the part of the international media when it comes to Venezuela. That country poses a stark threat to the hegemonic order, characterized these days by tame Latin American states, emerging from US-backed military dictatorships, now gamely accepting neoliberal economic policies like good little boys and girls.
Posted: Mon Feb 17, 2014 9:08AM
Argentina Files Final Supreme Court Appeal in Global Hedge Fund Debt Case - by Arielle Retrosi, Jubilee USA Network
Religious Community Joins IMF, Legitimate Investors and Governments in Opposing Exploitative Hedge Fund Behavior
Posted: Fri Feb 14, 2014 12:25PM