h-3

Global week of action against the Debt and International Financial Institutions (IFI), 8-15 October 2014

Argentina has fallen prey to a bunch of hedge funds known as ‘vulture funds’. Taking advantage of the precarious financial situations of some States, these vulture funds buy debts at a discounted price on a secondary market and then sue the debtors for the initial amount to which they add interests, penalties, and legal expenses.…

title

Rolling Jubilee Student Debt Buy

Strike Debt’s Rolling Jubilee project has abolished almost $4 million in private student debt for a little over $100,000 These debts were held by students who attended Everest College, a predatory for-profit institution in the Corinthian Colleges network. You can read a sample letter received by debtors here. Details about the purchase are available here.…

irelandjustice

DDCI says Irish budget debate must take account of international debt and tax Injustice

New global report on World Bank and IMF shows Ireland siding with creditor countries As Ireland debates its own budget options, campaign group Debt and Development Coalition Ireland (DDCI), will launch two major reports highlighting the acute financial crises facing developing countries. ‘World Bank – IMF Watch Ireland 2014’ and ‘Financial Vulnerabilities in Malawi’ will be…

FN France

Euro-Crisis Report Links Bailouts and Austerity To Fascism’s Rise Across Europe

[Published on Occupy.com] Across Europe human rights, due process and democracy are eroding. On the surface, this seems most evident in the continent’s electoral lurch in May toward parties of the far-right – especially Greece’s Golden Dawn, which secured the third most votes while demonstrating open Nazi affiliation. The far-right’s rise connects directly, of course, with escalating conditions…

vultures

Don’t Owe, Won’t Pay: YES to life, NO more vultures!

By Jubilee South/Americas This past June 16th, the Supreme Court of the U.S. announced two highly pernicious decisions not only for Argentina and its people, but for all those who defend sovereignty and the primacy of human rights over the claims of big capital. The Court rejected Argentina´s appeal, leaving firm the lower court rulings…