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The Saker
A bird's eye view of the vineyard

offsite link And now, a word from the Jewish Democratic Council of America Fri Feb 15, 2019 18:55 | The Saker
  Friends, Events of the past week demonstrated that words matter. The Jewish Democratic Council of America (JDCA) immediately condemned Representative Ilhan Omar?s tweet for what it was ? an

offsite link Russia accused of new arms race & Salisbury attack ?recklessness? ? UK?s Defence Minister Fri Feb 15, 2019 18:43 | The Saker

offsite link Messianic Process Began with IAF Airstrike in Syria, Will End With Israeli Elections Fri Feb 15, 2019 18:37 | Scott
Messianic Process Began with IAF Airstrike in Syria, Will End With Israeli Elections By Adam Eliyahu Berkowitz January 22, 2019 , 2:40 pm ?Indeed, my God does nothing Without having

offsite link Russia?s Stealthy Strike UAV. Deadlier Than Expected Fri Feb 15, 2019 18:20 | Scott
Russia?s Stealthy Strike UAV. Deadlier Than Expected Written and produced by SF Team: J.Hawk, Daniel Deiss, Edwin Watson Introduction While overall the Russian Armed Forces display remarkable effectiveness and demonstrated a

offsite link Army Ambushes ISIS Terrorists, Seizes Loads Of Weapons Fri Feb 15, 2019 17:55 | Scott
Syrian War Report ? Feb. 15, 2019: Army Ambushes ISIS Terrorists, Seizes Loads Of Weapons On February 14, the Syrian Arab Army (SAA) ambushed an ISIS unit in the Damascus

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

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Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

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offsite link This Weekend I?ll Mostly Be Listening to? Vincenzo Zitello 07:07 Sat Feb 16, 2019 | 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

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Dublin Opinion >>

Puerto Rico Debt Deal Receives Court Approval

category international | economics and finance | press release author Tuesday February 05, 2019 18:41author by JubileeUSA Network Report this post to the editors

Judge Laura Taylor Swain approved a deal to restructure $17 billion of Puerto Rico's $72 billion debt on Monday. Court approval was the last hurdle creditors and the island's oversight board needed for a plan to address sales tax backed debt or "COFINA" debt.

Judge Laura Taylor Swain approved a deal to restructure $17 billion of Puerto Rico's $72 billion debt on Monday. Court approval was the last hurdle creditors and the island's oversight board needed for a plan to address sales tax backed debt or "COFINA" debt.

"We are worried that not enough debt is being cut and that Puerto Rico's people are carrying heavy austerity burdens," said Jubilee USA Executive Director Eric LeCompte, who monitors Puerto Rico's debt. "The math isn't adding up. If plans to restructure the remaining debt fail to cut the majority of the island's debt load, Puerto Rico can't see sustained economic recovery and growth."

The ruling followed two days of hearings and weeks of deliberation. In Swain's "COFINA" ruling, she notes objections to the debt plan, such as sustainability and the lack of a complete debt audit.

"Nearly six out of ten kids live in poverty in Puerto Rico and if future debt deals don't cut enough debt, we won't address the child poverty epidemic on the island," noted LeCompte, who serves on United Nation finance expert groups.

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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