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international / miscellaneous / news report Wednesday February 19, 2014 17:02 by Arielle Retrosi
Argentina officially requested that the US Supreme Court hear an appeal in a debt case that will impact people living in extreme poverty around the world. The case dates back to Argentina's 2001 default, after which 92% of all Argentine bond holders restructured their defaulted debt. Predatory hedge fund, NML Capital leads a small group of holdouts who won judgments for payment in lower US Courts. NML Capital never invested in Argentina and bought the debt cheaply after Argentina's default. Because sovereign lending is contracted in the United States, the precedent the case sets impacts some of the poorest economies around the globe and allows these hedge funds to target assets that benefit poor people. The International Monetary Fund, the Paris Club, legitimate investors, the US and most governments oppose this predatory behavior because it cancels the benefits of debt relief, makes sovereign debt restructuring more difficult and limits credit to poor countries read full story / add a comment
national / crime and justice / feature Saturday February 15, 2014 02:20 by fred
It was suspected that offices of the GSOC (garda siochana ombudsman commission) were being bugged. Shrouded in secrecy, they brought in specialists from the UK under advice from their equivalent body in the UK, the IPCC. These specialists did a high tech sweep of their offices under cover of darkness and a report was created which suggests that it was extremely likely that highly sophisticated bugging of the office had occurred. Government and high ranking gardai have closed ranks and are trying to spin this as a problem with GSOC instead of addressing the strong possibility that GSOC was bugged and who would want to do that and have access to do so except the gardai themselves. If true this is a grave issue. It is believed in some circles that this bugging may be related to investigations by GSOC into the case of large scale heroin importer Boylan who it is alleged has been working with gardai and has "magically" evaded conviction in the face of overwhelming evidence of trafficking huge amounts of drugs. This affair may go right to the top and has the potential to sink this government read full story / add a comment
international / miscellaneous / news report Friday February 14, 2014 20:06 by Arielle Retrosi
Argentina will file its final US Supreme Court appeal in the NML Capital hedge fund debt case before this Tuesday, February 18th. Legal observers, economists, investors, the United Nations, the Obama Administration, the International Monetary Fund (IMF) and the religious community have closely monitored the proceedings. read full story / add a comment
national / education / press release Friday February 14, 2014 14:43 by Cormac Dooley
DCU Business School’s MarketingLab wishes to invite Irish entrepreneurs, SMEs, start-ups and students to the Helix, DCU for this year’s Get Started mini-conference which takes place on Tuesday, 18th February from 2pm - 6pm. The event is organised under the Techspectations initiative with support from IC4, North Dublin Chamber of Commerce, the Sunday Business Post, Edelman, HP and Microsoft. read full story / add a comment |
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