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Argentine Foreign Minister: “The G77+China shall present a project on the sovereign debt restructuring”

Foreign Minister Hector Timerman confirmed that on Sept. 9 the G77+China Group shall present before the General Assembly of the United Nations a draft project for a convention on the restructure of sovereign debts. “Because there is a huge legal vacuum that affects the majority of the world´s countries”, the Minister said. In statements to the newspaper Pagina/12, he said that “after judge Thomas Griesa´s r ...

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Correa Urges to Improve Pensions in Rural Sector

Quito, Aug 29 (Prensa Latina) President Rafael Correa urged today to improve pensions in the rural sector until they match those in the urban sector, and reiterated his government's support to farmers. He explained at the 6th Intercultural Meeting of Rural Social Insurance, running today in the coastal province of Manabi, that the retirement pensions in the cities average 400 USD while in the rural areas th ...

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The Biggest Tax Scam Ever: How Corporate America Parks Profits Overseas, Avoiding Billions in Taxes

As Burger King heads north for Canada’s lower corporate tax rate, we speak to Rolling Stone contributing editor Tim Dickinson about his new article, "The Biggest Tax Scam Ever." Dickinson reports on how top U.S. companies are avoiding hundreds of billions of dollars by parking their profits abroad — and still receiving more congressionally approved incentives. Dickinson writes: "Top offenders include giants ...

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VULTURE FUNDS: The Central Bank revokes BoNY authorization to operate in Argentina

According to Telam, The Central Bank of the Argentine Republic (BCRA) revoked BoNY (Bank of New York Mellon) authorization to operate in Argentina, based on the fact that payment to the restructured bondholders was not carried out, said the Cabinet Chief, Jorge Capitanich. The decision was taken after BoNY’s non-fulfillment of the contract as Argentina’s trustee. "The representation of the BoNY in Argentina ...

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Dr. Paul Farmer on African Ebola Outbreak: Growing Inequality in Global Healthcare at Root of Crisis

As the death toll from the West African Ebola outbreak nears 1,400, two American missionaries who received experimental drugs and top-notch healthcare have been released from the hospital. We spend the hour with Partners in Health co-founder Dr. Paul Farmer discussing what can be done to stop the epidemic and the need to build local healthcare capacity, not just an emergency response. "The Ebola outbreak, w ...

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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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