Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link War Drums Beat In Middle East After Thousands Of Casualties In Beirut Explosion Thu Aug 06, 2020 12:25 | amarynth
South Front On the evening of August 4th, a massive explosion rocked the port of the Lebanese capital of Beirut, causing devastating damage and leaving thousands of casualties. The explosion

offsite link Sitrep Lebanon : How 2,750 tonnes of ammonium nitrate were stranded in Beirut port for 6 years Thu Aug 06, 2020 12:05 | amarynth
Source: Al-Mayadeen, Lebanese TV channel pro-Hezbollah, August 5th, 2020 Translation: resistancenews.org https://www.youtube.com/wat... https://www.dailymotion.com... Transcript: Greetings. Anyone who sees these photos will find it hard to believe that they show the

offsite link Moveable Feast Cafe 2020/08/05 ? Open Thread Wed Aug 05, 2020 22:30 | Herb Swanson
2020/08/05 21:30:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link Message to some irate Serbian readers Wed Aug 05, 2020 19:03 | The Saker
Dear Serbian friends, Since the crisis began in Serbia some of you have been enraged by the articles written for the Saker Blog by “Saker?s Johnny-on-the-spot in Belgrade”.  Some of

offsite link Beware of sensationalism clickbaiting and crazy rumors: Beirut was NOT a nuclear explosion Wed Aug 05, 2020 18:22 | The Saker
Dear friends, As soon as I heard about the tragic explosion in Beirut I told my family “you will see, there will be some idiots who will say it was

The Saker >>

Human Rights in Ireland
A Blog About 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

offsite link Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
Ni dieu ni maître. Ni patrie, ni patron.

offsite link Independent Left: Irish Relationship and Sexuality Education should be secular and not controlled by... 11:30 Thu Aug 06, 2020 | guestposter

offsite link Back to school? 11:23 Thu Aug 06, 2020 | WorldbyStorm

offsite link Air bridges to nowhere? 10:02 Thu Aug 06, 2020 | WorldbyStorm

offsite link John Hume 08:00 Thu Aug 06, 2020 | guestposter

offsite link Podcast Episode on The Communist Party of Ireland (Marxist-Leninist) 17:24 Wed Aug 05, 2020 | irishelectionliterature

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

Puerto Rico Bankruptcy Judge Reviews Debt Deal

category international | economics and finance | press release author Wednesday January 16, 2019 21:18author by Kate Zeller - Jubilee USA Network Report this post to the editors

Oversight Board Files for $6 Billion Debt Cancellation 

Through Thursday, the judge presiding over Puerto Rico's bankruptcy process will hear testimony about a debt deal to restructure about $17 billion of the island's $72 billion debt.

Through Thursday, the judge presiding over Puerto Rico's bankruptcy process will hear testimony about a debt deal to restructure about $17 billion of the island's $72 billion debt. The Honorable Judge Laura Taylor Swain is administering the island's Title III process, a debt restructuring process created by Congress in 2016. This week Swain is hearing testimony from stakeholders of the merits of a debt deal that Puerto Rico's COFINA creditors and oversight board agreed on. Critics of the plan argue that if the debt deal is approved, it sets up Puerto Rico for failure.

"The current agreement doesn't do enough to support sustained economic growth, reduce austerity or ensure that Puerto Rico rebuilds from last year's hurricanes," said Jubilee USA Executive Director Eric LeCompte who monitored the island's debt woes since 2015. "If this is the recipe to restructure Puerto Rico's debt, Puerto Rico will be back at the restructuring table in a few years."

This week Puerto Rico's oversight board filed a request to cancel debt to Judge Swain. $6 billion in General Obligation bond debt from 2012 and 2014 exceeded set Puerto Rico constitutional debt limits, according to the court filing.

"The move to cancel this debt is important. It should be declared null and void," stated LeCompte. "The debt violated debt limits and some hedge funds were looking to exploit this debt."

© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy