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Anti-Empire

Anti-Empire

offsite link Ukraine Buys Huge Amounts of Russian Fue... Fri Jan 20, 2023 08:34 | Antonia Kotseva

offsite link Turkey Has Sent Ukraine Cluster Munition... Thu Jan 12, 2023 00:26 | Jack Detsch

offsite link New Israeli Government Promises to Talk ... Tue Jan 10, 2023 21:13 | Al Majadeen

offsite link Russia Training Iranian Pilots Ahead of ... Tue Jan 10, 2023 15:19 | The Times of Israel

offsite link Lukashenko Abolishes Copyright Protectio... Tue Jan 10, 2023 15:05 | Nikki Main

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Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Climate Change is ?Slowing the Earth?s Rotation? Fri Mar 29, 2024 13:00 | Sallust
If you weren?t already gibbering in your boots at the prospect of devastating climate change, it's time to think again. Apparently, the movement of water from the 'melting icecaps' is slowing the rotation of the Earth.
The post Climate Change is “Slowing the Earth’s Rotation” appeared first on The Daily Sceptic.

offsite link Hancock Fails to Have Bridgen Libel Case Thrown Out Paving Way for Full Trial Fri Mar 29, 2024 11:00 | Sally Beck
Matt Hancock, the ex-Health Secretary, has failed in his bid to have Andrew Bridgen's libel case thrown out after Hancock branded him antisemitic, paving the way for a full trial.
The post Hancock Fails to Have Bridgen Libel Case Thrown Out Paving Way for Full Trial appeared first on The Daily Sceptic.

offsite link DEI Wokery is Swallowing Small Businesses Too Fri Mar 29, 2024 09:00 | C.J. Strachan
It's not only large corporations with hyperactive HR departments that are succumbing to efficiency-sapping wokery, says C.J. Strachan. Small and medium-sized enterprises are being swallowed up by DEI as well.
The post DEI Wokery is Swallowing Small Businesses Too appeared first on The Daily Sceptic.

offsite link Are We Being Gaslit Over the Cause of the Princess of Wales?s Cancer? Fri Mar 29, 2024 07:00 | Melissa Kite
First Charles and then Kate ? it's hard to ignore the soaring cancer rate when two members of the Royal Family are diagnosed within weeks. But are we being gaslit about what's behind the surge, asks Melissa Kite.
The post Are We Being Gaslit Over the Cause of the Princess of Wales’s Cancer? appeared first on The Daily Sceptic.

offsite link News Round-Up Fri Mar 29, 2024 00:04 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the virus and the vaccines, the ?climate emergency? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Moscow attack reminds us of the links between Islamists and Kiev's fundamentalis... Tue Mar 26, 2024 06:57 | en

offsite link Failure to assist a people in danger of genocide, by Hassan Hamadé Tue Mar 26, 2024 06:32 | en

offsite link Yugoslavia March 24, 1999 The Founding War of the New Nato, by Manlio Dinucci Sun Mar 24, 2024 05:15 | en

offsite link France opposes Russian Korean-style peace project in Ukraine Sat Mar 23, 2024 11:11 | en

offsite link Voltaire, International Newsletter N°79 Fri Mar 22, 2024 11:40 | en

Voltaire Network >>

Puerto Rico Bankruptcy Process Begins

category international | politics / elections | press release author Tuesday May 16, 2017 20:31author by Abby Wilhelm - Jubilee USA Network Report this post to the editors

Puerto Rico bankruptcy proceedings to restructure an over $70 billion debt begin on Wednesday in San Juan.

Puerto Rico bankruptcy proceedings to restructure an over $70 billion debt begin on Wednesday in San Juan. The Title III debt restructuring process was created as a part of debt crisis legislation that was signed into law last summer.

"This is a historic process," notes Eric LeCompte, the Executive Director of Jubilee USA who is in San Juan to monitor the process. "The legislation and process is unique among bankruptcy processes because it can restructure all of Puerto Rico's debt and ensures that all creditors participate in the process."

LeCompte monitored the case involving Argentina versus NML Capital and organized nearly 80 development and religious organizations to file an Amicus Brief to the Supreme Court in 2014. Because Argentina was required to pay a small group of "holdout" creditors, the country was not able restructure all of its debt or return to the international capital markets for almost 15 years. LeCompte worked with Congressional leadership to create and pass legislation that would prevent so-called "vulture" funds from taking advantage of Puerto Rico as they did to Argentina. The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) was designed to prevent predatory and "holdout" behavior.

"Puerto Rico's bankruptcy process could be a model for better, more comprehensive bankruptcy processes for states and other countries," explained LeCompte who advised the United Nations General Assembly on the creation of a global bankruptcy process. "Current debt restructuring processes available for U.S. states and countries can not restructure all of their debt, but the process for Puerto Rico can."

Overseeing the hearings is Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York. ‎The process will likely last a year and a half or more.

"In the coming years, Puerto Rico will still have a lot of obstacles to overcome but if this process is done right, Puerto Rico will have a clear path for recovery and economic growth," says LeCompte.

Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people.

www.jubileeusa.org

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