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Jubilee USA Network
Washington, DC
Joining hands to break the chains of debt.
Recent Activity
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 yesterday 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 2 days ago 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 7 days ago 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
Epworth Methodist Church in Berkeley, CA is one of three new Jubilee Congregations this week By Merry Pham This week, Community Presbyterian Church of Pittsburg (PCUSA), First Congregational Church of Antioch (UCC) and Epworth United Methodist Church join us as... Continue reading
Posted Jun 3, 2014 at Blog the Debt
by Andrew Hanauer Argentina filed its final Supreme Court response to hedge fund NML Capital on Tuesday, urging the high court to take the case that the Financial Times calls "the debt trial of the century." Jubilee USA filed an... Continue reading
Posted May 30, 2014 at Blog the Debt
by Hannah Shultz Yesterday, Pfizer announced it will not buy British pharmaceutical company AstraZeneca. The board of AstraZeneca rejected Pfizer's 119 billion dollar offer that would have allowed Pfizer to become the world's largest pharmaceutical firm and evade billions in... Continue reading
Posted May 27, 2014 at Blog the Debt
The Jubilee team walks with Cardinal Peter Turkson, head of the Pope's Council for Justice and Peace by Hannah Shultz Pope Francis welcomed members of the global Jubilee movement to the Vatican on Wednesday as they were received for high... Continue reading
Posted May 22, 2014 at Blog the Debt
The Ugland House in the Cayman Islands is home to nearly 19,000 corporate entities. It has become a symbol of tax avoidance and tax havens. by Andrew Hanauer Tax avoidance is a global problem. Just in the last year, the... Continue reading
Posted May 16, 2014 at Blog the Debt
by Andrew Hanauer On June 12, the Philippines will celebrate its Independence Day. For nearly 100 million Filipinos, this day will be a cause to celebrate a rich national history. The choice of the date itself is a symbol of... Continue reading
Posted May 14, 2014 at Blog the Debt
This interview was published May 5th, 2014 at Red Letter Christians Eric LeCompte is the Executive Director of Jubilee USA, where he represents a diverse coalition of faith communities in the common cause of eradicating extreme poverty and building an... Continue reading
Posted May 9, 2014 at Blog the Debt
by Eric LeCompte Last Fall, I witnessed the Grenada Council of Churches insert themselves into negotiations between their government and the International Monetary Fund (IMF) around the island’s debt restructuring and presumed austerity policies. Religious leaders called from pulpits across... Continue reading
Posted May 6, 2014 at Blog the Debt