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Jubilee USA Network
Washington, DC
Joining hands to break the chains of debt.
Recent Activity
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 3 days ago 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 5 days ago 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
by Andrew Hanauer For Argentina, so far so good at the World Cup in Brazil. At the Supreme Court in Washington, however, Argentina suffered a catastrophic defeat that no soccer metaphor can accurately capture. On Monday, the Supreme Court announced... Continue reading
Posted Jun 18, 2014 at Blog the Debt
By Anya Lewis-Meeks The US Supreme Court denied Argentina's appeal for a hearing today, leaving intact a lower court ruling that validates predatory behavior targeted towards countries in financial distress. The high court also denied a related appeal on behalf... Continue reading
Posted Jun 16, 2014 at Blog the Debt
by Andrew Hanauer While Argentina prepares to face Bosnia Sunday in the first round of the World Cup, the South American soccer power faces a second major contest in a very different venue. The United States Supreme Court will announce... Continue reading
Posted Jun 14, 2014 at Blog the Debt
by Merry Pham Behind closed doors, International Monetary Fund (IMF) Executive Board Members are reacting to solutions prepared by IMF staff aimed at preventing global and regional financial crises. Part of the focus stems from G20 concern over extreme predatory... Continue reading
Posted Jun 13, 2014 at Blog the Debt
Washington DC - US Supreme Court justices will decide next steps in the Argentina vs NML Capital debt case today. The case dates back to 2001 when Argentina defaulted on its debts and a group of predatory hedge funds purchased... Continue reading
Posted Jun 12, 2014 at Blog the Debt
by Andrew Hanauer Argentina's recent debt deal with the Paris Club has elicited different responses from groups involved in conversations regarding debt and financial reform. Jubilee USA expressed its views in the wake of the agreement, but we also discussed... Continue reading
Posted Jun 10, 2014 at Blog the Debt
By Merry Pham Photo: Jubilee delegation with Cardinal Turkson in the Vatican It's been a busy Spring at Jubilee USA. From the Supreme Court to the Caribbean to the Vatican, Jubilee USA has been working to move forward critical financial... Continue reading
Posted Jun 6, 2014 at Blog the Debt