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Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Analysis by Ellen Brown SONOMA, California, Aug 14 2014 (IPS) - Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy. Better than redesigning the sov ...

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What Do the World Bank and IMF Have to Do With the Ukraine Conflict?

In this column, Frédéric Mousseau, Policy Directory of the Oakland Institute and co-author of the report ‘Walking on the West Side: the World Bank and the IMF in the Ukraine Conflict’, argues that IMF and World Bank aid packages contingent on austerity reforms will have a devastating impact on Ukrainians’ standard of living and increase poverty in the country. OAKLAND, United States, Aug 12 2014 (IPS) - Mos ...

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Vulture Funds v Argentina: The Guardian asserts that Obama could put a stop to Griesa’s ruling

The important British newspaper The Guardian held that the President of the United States has the Constitutional power of reverting the ruling of New York Judge Thomas Griesa, on the basis that it interferes with his foreign policy. Telam The story, signed by journalist Greg Palast, a specialist on vulture funds, refers to a clause of the U.S. Constitution known as the “Separation of Powers”, which allows t ...

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Mortality Rate Due to Ebola Increases to 961 Deaths

Geneva, Aug 8 (Prensa Latina) The mortality rate increased to 961 deaths due to the current outbreak of Ebola affecting several West African countries, reported today the World Health Organization (WHO). As for cases of patients, probable and suspect, there are 779 thousand reported so far, said the United Nations. Sierra Leone is the nation with more notifications (717), followed by Liberia (554) and Guine ...

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Argentina Contacts US Banks

Buenos Aires, Aug 6 (Prensa Latina) Argentina is in contact with the Citibank and the Bank of New York to timely transfer its payments to the creditors that agreed to restructure the country''s debt and that were blocked by [US] Judge Thomas Griesa. The decision was notified the eve by the Ministry of Economy in a communiqué in which it said that a legal warning will be published in the national and interna ...

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Sick of this market-driven world? You should be

The self-serving con of neoliberalism is that it has eroded the human values the market was supposed to emancipate. By George Monbiot, The Guardian, Tuesday 5 August 2014 To be at peace with a troubled world: this is not a reasonable aim. It can be achieved only through a disavowal of what surrounds you. To be at peace with yourself within a troubled world: that, by contrast, is an honourable aspiration. Th ...

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The European Commission’s great TTIP betrayal

By Glyn Moody When the European Commission was laying the foundations for the Transatlantic Trade and Investment Partnership - TTIP, also known as TAFTA by analogy with NAFTA - it was doubtless hoping that the public would ignore it, just as it had ignored countless other boring trade agreements. But of course TTIP is not principally a trade agreement: it aims to go far beyond "merely" liberalising trade by ...

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They Know Full Well It Is Dangerous, But They Have Little Other Choice

Despite knowing full well the dangers of mercury, millions of small-scale gold miners across the globe continue to use the metal to separate gold from ore – usually because they have little other choice.* The mercury is mixed into ore and combines with the gold in a compound that can easily be scooped out and squeezed into a small bar of amalgam. .This is then burned so that the mercury evaporates, leaving ...

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‘No way out for Greece while the same policies of austerity are implemented’

By Russia Today* (RT), 20 July 2014 – Greece has become a social experiment for the implementation of the most extreme neo-liberalism aimed at not contaminating the eurozone during the first period of the crisis, with the same policies being followed now, Greek MEP George Katrougalos told RT. RT: The Wall Street Journal recently suggested the IMF owes Greece an apology for making its financial struggle wors ...

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UK: On TTIP and the NHS, they are trying to bamboozle us

By John Hilary 14 July 2014, for Open Democracy The TTIP trade treaty talks re-open in Brussels this week. We should not be reassured by the convenient 'leak' of a private letter between key TTIP advocates claiming the treaty poses no threat to the NHS. The NHS [National Helath Service]has become a key battleground for the Transatlantic Trade and Investment Partnership (TTIP), the controversial treaty curre ...

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