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Jubilee USA Network

Washington, DC

Joining hands to break the chains of debt.

Recent Activity

Real Life Thriller: How the Son of a Dictator Launders Millions

By: Amber Przybysz How does the son of an autocratic president earning less than $7,000 a month[i] afford Michael Jackson memorabilia, a Malibu home, a private jet and a 2011 Ferrari?[ii] The answer: anonymous shell companies. Lax money laundering laws... Continue reading

Posted 2 days ago at Blog the Debt

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Jubilee Meets with Senator Levin

By: Rickard Ekstedt On April 30, Jubilee USA, along with partner organizations of the FACT Coalition, met with US Senator Carl Levin (D-MI). Jubilee has worked and continues to work closely with Senator Levin on legislation to curb tax havens... Continue reading

Posted 4 days ago at Blog the Debt

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The Stop Tax Haven Abuse Act: Critical to Helping Global Poor

By: Rickard Ekstedt On April 15, Representative Lloyd Doggett introduced the Stop Tax Haven Abuse Act. The legislation will close offshore tax loopholes and require country-by-country reporting of offshore corporate tax payments. This reporting is critical to curbing illicit financial... Continue reading

Posted May 10, 2013 at Blog the Debt

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Curtailing Illicit Financial Flows a Human Rights Imperative

By: Raymond W. Baker, Global Financial Integrity WASHINGTON - Illicit financial flows are a key issue impacting economic justice and human rights. They stifle domestic resource mobilisation, undermine government accountability and stability, and fuel economic inequality. For many decades, the... Continue reading

Posted May 8, 2013 at Blog the Debt

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Jubilee Speaks on Floor of United Nations

Eric LeCompte speaks about vulture funds at UN Meetings By: Bryant Lewis On April 23, 2013, Jubilee USA’s Executive Director, Eric LeCompte spoke on the floor of the United Nations Economic and Social Council (ECOSOC). Eric spoke on the floor... Continue reading

Posted May 6, 2013 at Blog the Debt

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What I Learned from Joining the Jubilee Movement

By: Bryant Lewis When I arrived on my first day at Jubilee USA as the Development and Executive Associate, I never imagined all the amazing experiences I would have. Any given day, an assignment led me to meet extraordinary people.... Continue reading

Posted May 3, 2013 at Blog the Debt

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Tax Havens of the Wealthy and Powerful Infographic

Did you know that estimates put one-third of the world's GDP in tax havens? That's roughly the total of the US and European Union countries combined. Learn about how tax havens work, who benefits and who is stuck picking up... Continue reading

Posted May 2, 2013 at Blog the Debt

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Update: Debt Trial of the Century Continues as Hedge Fund, NML Capital, Rejects Argentina Proposal

NML Capital is a subsidiary of hedge fund Elliott Management, owned by billionaire Paul Singer (pictured above) By: Rickard Ekstedt Holdout creditor, NML Capital, rejected Argentina’s court-ordered payment plan on April 19, 2013. The payment plan would have given holdout... Continue reading

Posted Apr 22, 2013 at Blog the Debt

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International Monetary Fund Lowers Growth Estimates for United States and Global Economy

The International Monetary Fund (IMF) has been known for promoting austerity measures since the 1980s - which makes their latest move baffling. The IMF lowered growth projections for the United States noting the cause as austerity budget cuts. They also... Continue reading

Posted Apr 18, 2013 at Blog the Debt

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Pope Francis Concern for Poor Drives Review of Vatican Bank

Vatican sources say Pope Francis may restructure or close the Vatican Bank upon reviewing bank scandals. According to inside reports, Pope Francis is specifically concerned how money laundering and illicit financial flows hurt the poor. Read more in Jubilee's press... Continue reading

Posted Apr 18, 2013 at Blog the Debt

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Tax Havens 101: The high cost of going offshore (Washington Post)

Watch this great video by the Washington Post to see how investors can create companies and trusts in tax havens. Continue reading

Posted Apr 10, 2013 at Blog the Debt

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Tax Haven Capital of the World?

What nation comes to mind first when you think about the tax haven capital of the world? Perhaps, the Cayman Islands or some other destination with coconuts, swimsuits and beach towels? Actually, it is the city of London - where... Continue reading

Posted Apr 9, 2013 at Blog the Debt

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Pope Francis; Pope of Peace, Justice and the Poor

With the election of Cardinal Jorge Bergoglio as the new Pope this week, Jubilee USA Network's Executive Director Eric LeCompte noted what Pope Francis will mean for the world's poorest: "Cardinal Jorge Bergoglio chose the name Francis. His name choice... Continue reading

Posted Mar 15, 2013 at Blog the Debt

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The Debt ‘Trial of the Century’ – Vulture Hedge Funds v. Argentina

By: Jennifer Tong Today, two holdout vulture funds, including Paul Singer’s NML Capital, are in a New York Federal court versus Argentina. The Financial Times has dubbed the proceeding the “‘the trial of the century’ in sovereign debt restructuring.” The... Continue reading

Posted Feb 27, 2013 at Blog the Debt

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In Case You Missed It…

By: Chris Besse In his State of the Union Address, President Obama spoke on tax reform and how to reduce the $16.4 trillion dollar deficit that the government is now facing.[i] President Obama talked about the impending sequestration and cuts... Continue reading

Posted Feb 20, 2013 at Blog the Debt

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The State of Haiti: Three Years Post-Earthquake

By: Bryant Lewis The rebuilding process for Haiti, a country so torn and tattered even before the life-altering earthquake of 2010 has been and will continue to be a long process. Three years after the horrific event, Haiti has been... Continue reading

Posted Feb 14, 2013 at Blog the Debt

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The Impending Sequester and the CUT Loopholes Act

By: Chris Besse As the “fiscal cliff” came to an end in 2012 many questions were left unanswered. One of the issues that will need to be addressed with haste is the $1.2 trillion in spending cuts know as “sequestration”... Continue reading

Posted Feb 12, 2013 at Blog the Debt

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The Corporate Tax Fairness Act: A powerful bill for the US and globally

Senator Bernie Sanders speaking at a press conference on his newly-introduced piece of legislation the Corporate Tax Fairness Act. By: Chris Besse Yesterday, Senator Bernie Sanders (I-VT) introduced the Corporate Tax Fairness Act and Representative Jan Schakowsky introduced its companion... Continue reading

Posted Feb 8, 2013 at Blog the Debt

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Daisy Rojas’ Reflections on Cuba

By: Roberta Badger-Cain and Bob Brown from Jubilee Oregon Daisy Rojas’ simultaneously translated presentation, “Cuba, the People, the Embargo and the Economy,” held at Central Lutheran Church, Portland, Oregon, on October 9, 2012, held some surprises and important little-known information.... Continue reading

Posted Feb 4, 2013 at Blog the Debt

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Myanmar Gets $5.9 billion of Debt Cancelled

French Ministry for the Economy and Finance, where the Paris Club periodically meets By: Rickard Ekstedt On January 25, the Paris Club announced the cancellation of nearly $6 billion of Myanmar’s debt,[i],[ii] which amounts to over 60% of the total... Continue reading

Posted Jan 31, 2013 at Blog the Debt

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Africa’s Progress and Debt: Reflections from Ambassador Johnnie Carson’s Address

By: Chris Besse On January 16, 2013, Ambassador Johnnie Carson, Assistant Secretary of State for the Bureau of African Affairs, visited the Woodrow Wilson International Center for Scholars to speak on the foreign policy of the United States as it... Continue reading

Posted Jan 30, 2013 at Blog the Debt

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What It Means To Be a Jubilee Congregation

"When spider webs unite, they can entangle a lion."- Ethiopian Proverb By Gianna Rendano and Kerri Peters When people of faith join together for a common purpose - a holy purpose that is rooted in every faith tradition – it... Continue reading

Posted Jan 23, 2013 at Blog the Debt

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UK Loans Used for Defense Spending by Dictators

British-made Alvis Stormer vehicle, supplied to then Indonesian dictator General Suharto in the mid-1990s. By: Amber Przybysz In November, the United Kingdom government for the first time published information detailing where debts owed to the UK come from, calculating how... Continue reading

Posted Jan 15, 2013 at Blog the Debt

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A forthcoming report by Global Financial Integrity finds that Zambia lost US$8.8 billion in illicit financial outflows from 2001-2010

This is a special blog from our partners at Global Financial Integrity. It was originally written in December 2012, and since then there has been significant public debate on illicit financial flows and policy solutions. flickr / photosmith2011 In our... Continue reading

Posted Jan 11, 2013 at Blog the Debt

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Update: Argentine Naval Vessel Returns Home

By: Amber Przybysz Another battle against vulture funds was won this week when the Argentine naval vessel, the Libertad Frigate, arrived home to the Navy base in Mar del Plata City.[i] This comes after the vessel was detained in Ghana... Continue reading

Posted Jan 10, 2013 at Blog the Debt

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