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Jubilee USA Network
Washington, DC
Joining hands to break the chains of debt.
Recent Activity
In DC, we are engaging the International Monetary Fund (IMF). Across the country, nearly 150 synagogues, churches and mosques prayed and acted during Jubilee Weekend (October 10-12) to address inequality and the causes of extreme poverty. In the lead up... Continue reading
Posted Oct 22, 2014 at Blog the Debt
By Nick Birnbaum During the week of October 6, 2014, Jubilee USA was actively involved in discussions on debt, predatory funds and financial reform at the IMF/World Bank Annual Meetings. Below is one of our press releases from the meetings.... Continue reading
Posted Oct 20, 2014 at Blog the Debt
By Nick Birnbaum Jubilee's partners at New Rules for Global Finance are looking for feedback from across the globe on how the international community should deal with sovereign debt issues. This is a great opportunity to participate in a global... Continue reading
Posted Sep 26, 2014 at Blog the Debt
By Aldo Caliari Director, Rethinking Bretton Woods Project - Center of Concern Co-Chair, Jubilee USA Network Board of Directors In June of this year, the US Supreme Court extinguished the last hope that a US judge’s ruling handing “vulture funds”... Continue reading
Posted Sep 22, 2014 at Blog the Debt
by Sophia Har The first half of the month has seen several developments in Argentina's debt dispute with holdout creditors. Notably the UN passed a resolution last Tuesday that begins the process of creating a global bankruptcy process. The following... Continue reading
Posted Sep 16, 2014 at Blog the Debt
United States and Ten Other Countries Vote Against Super Majority by Sophia Har 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... Continue reading
Posted Sep 9, 2014 at Blog the Debt
Washington, DC - As the Third International Conference on Small Island Developing States (SIDS) continues in Samoa, the agreed upon final outcome statement fails to address the major debt and tax crises facing many of the attending countries. According to... Continue reading
Posted Sep 3, 2014 at Blog the Debt
Washington, DC - 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 hold-out investors to undermine debt restructurings. The plan was... Continue reading
Posted Aug 29, 2014 at Blog the Debt
by Sophia Har Jubilee USA's work on predatory hedge funds continues to gain attention in major press outlets. This week, Jubilee's Executive Director Eric LeCompte was featured in an article in Foreign Policy magazine regarding Argentina's ongoing debt dispute with... Continue reading
Posted Aug 27, 2014 at Blog the Debt
By Anya Lewis-Meeks As Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” Although most of the world has come to accept the former, a recent UK scandal involving 1600 people,... Continue reading
Posted Aug 14, 2014 at Blog the Debt
by Abe Bobb When the world food crisis of 2008 crashed upon the globe like a giant tsunami, 862 million people were left hungry and starving.[1] In Haiti United Nations (UN) peacekeepers fired on protestors demonstrating against the rising cost... Continue reading
Posted Aug 11, 2014 at Blog the Debt
Suit Alleges US Court's Debt Decision Violates Sovereignty by Abe Bobb Argentina filed suit against the United States at the International Court of Justice (ICJ). The lawsuit argues that the US 2nd Circuit Court decision between Argentina and predatory hold-out... Continue reading
Posted Aug 8, 2014 at Blog the Debt
by Abe Bobb Washington, DC - This week, more than 40 leaders from across Africa gathered in Washington, DC for the US-Africa Leaders Summit. The summit focuses on issues of economic growth and investment, with hundreds of millions of dollars... Continue reading
Posted Aug 7, 2014 at Blog the Debt
Friends, Argentina defaulted. But that's just the beginning. Because of the Supreme Court's decision in June, vulture funds are equipped with a new tool to force some of the world's poorest countries into submission. Two of the first two countries... Continue reading
Posted Aug 5, 2014 at Blog the Debt
by Merry Pham The ratings agency Standard and Poor's declared Argentina to be in default today after the country failed to reach a negotiated settlement with hold-out creditors. It is Argentina's second default in thirteen years Eric LeCompte, Executive Director... Continue reading
Posted Jul 31, 2014 at Blog the Debt
by Merry Pham As Argentina approaches the deadline for default, predatory funds and hold-outs may use this court ruling to target Grenada and Democratic Republic of Congo. Argentina is likely to default barring a last-minute breakthrough in negotiations with hold-outs... Continue reading
Posted Jul 29, 2014 at Blog the Debt
by Merry Pham Today, there is a different headline to celebrate than the oft-reported theme of religious conflict--a story on interfaith cooperation and religious freedom. President Obama announced the nomination of Rabbi David Saperstein to the position of Ambassador at... Continue reading
Posted Jul 28, 2014 at Blog the Debt
by Merry Pham Aerial view of Tacloban after Typhoon Haiyan. Source: Flickr Commons (c) DFID UK Dept. for International Development Typhoon Haiyan remains fresh in our minds as one of the most devastating natural disasters in our lifetime. The landscape... Continue reading
Posted Jul 23, 2014 at Blog the Debt
by Merry Pham If there’s one thing that Millenials bring to mind, it’s that we are dreamers. The peaceful “white picket fence” still holds an allure for many: a successful career, a happy family and a stable home. For others,... Continue reading
Posted Jul 17, 2014 at Blog the Debt
by Merry Pham All eyes are on Argentina's soccer team as it prepares to battle Germany in the World Cup finale. On the sidelines, Argentina is embroiled in a debt dispute with so-called "vulture funds" that impacts the Argentine economy... Continue reading
Posted Jul 15, 2014 at Blog the Debt
Comdedian Josh Kornbluth to perform two shows in Northern California. Jubilee USA is excited to announce the performance of comedian Josh Kornbluth's hit monologue, “Love and Taxes” this summer. Kornbluth will generously donate all proceeds to Jubilee USA in support... Continue reading
Posted Jul 7, 2014 at Blog the Debt
By Anya Lewis-Meeks Grenada, affectionately referred to as the “Spice Island” by its some 100,000 locals, is known for its beautiful beaches, calypso-rich carnival and charming people. Tourism is the primary source of income for most of its residents. However,... Continue reading
Posted Jul 3, 2014 at Blog the Debt
by Merry Pham In 1994, Laos ranked as “one of the world’s poorest and most highly indebted poor countries (HIPCs) according to conventional World Bank and donor criteria.” However, the international community’s financial support and Laos’ ambitions to rise to... Continue reading
Posted Jul 1, 2014 at Blog the Debt
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. Reuters reports that Judge Thomas Griesa blocked the restructured debt payments... Continue reading
Posted Jun 27, 2014 at Blog the Debt
by Erin Kelso Inter-faith conflict is not a topic that comes up very often in the United States. Other issues tend to weigh more heavily on our minds and hearts. A new study by the Pew Research Center, however, indicates... Continue reading
Posted Jun 26, 2014 at Blog the Debt