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Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome 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 The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Lockdown Skeptics

The Daily Sceptic

offsite link Ministries of Silly Charts Wed Mar 26, 2025 09:00 | Caroline Ffiske
Gender ideology is so obviously ludicrous that it has spawned hundreds of silly charts across the public and private sector to try to get itself taken seriously. Caroline Ffiske takes a look at some of the worst.
The post Ministries of Silly Charts appeared first on The Daily Sceptic.

offsite link The Irrelevance of Science and Statistics Wed Mar 26, 2025 07:00 | James Alexander
It is a sad reflection on our age that the line 'lies, damned lies and statistics' was forgotten, says Prof James Alexander. Good political sense can never be grounded on statistics, but only on history and criticism.
The post The Irrelevance of Science and Statistics appeared first on The Daily Sceptic.

offsite link News Round-Up Wed Mar 26, 2025 00:18 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Publish or Be Damned Tue Mar 25, 2025 19:00 | John MacNab
Academic publishing is in crisis. Now a multi-billion dollar industry where researchers pay journals to publish their papers, the old guarantees of quality and accuracy have been stripped away, says John MacNab.
The post Publish or Be Damned appeared first on The Daily Sceptic.

offsite link NHS Hauls Nurse Over Coals for Calling 6ft Transgender Paedophile ?Mr? Tue Mar 25, 2025 17:00 | Will Jones
An NHS hospital is being sued after it hauled a popular nurse over the coals for calling a 6ft transgender paedophile "Mr" when discussing a catheter with a doctor ? despite him lunging at her and calling her a "n****".
The post NHS Hauls Nurse Over Coals for Calling 6ft Transgender Paedophile “Mr” appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Western Europeans Deprived of Defense, by Thierry Meyssan Tue Mar 25, 2025 06:04 | en

offsite link Voltaire, International Newsletter N?125 Fri Mar 21, 2025 11:48 | en

offsite link The London Virtual Summit for Ukraine Fri Mar 21, 2025 11:19 | en

offsite link After Ukraine, Iran?, by Thierry Meyssan Thu Mar 20, 2025 11:34 | en

offsite link Voltaire, International Newsletter N?124 Sat Mar 15, 2025 05:56 | en

Voltaire Network >>

Puerto Rico Bankruptcy Process Begins

category international | politics / elections | press release author Tuesday May 16, 2017 20:31author by Abby Wilhelm - Jubilee USA Network Report this post to the editors

Puerto Rico bankruptcy proceedings to restructure an over $70 billion debt begin on Wednesday in San Juan.

Puerto Rico bankruptcy proceedings to restructure an over $70 billion debt begin on Wednesday in San Juan. The Title III debt restructuring process was created as a part of debt crisis legislation that was signed into law last summer.

"This is a historic process," notes Eric LeCompte, the Executive Director of Jubilee USA who is in San Juan to monitor the process. "The legislation and process is unique among bankruptcy processes because it can restructure all of Puerto Rico's debt and ensures that all creditors participate in the process."

LeCompte monitored the case involving Argentina versus NML Capital and organized nearly 80 development and religious organizations to file an Amicus Brief to the Supreme Court in 2014. Because Argentina was required to pay a small group of "holdout" creditors, the country was not able restructure all of its debt or return to the international capital markets for almost 15 years. LeCompte worked with Congressional leadership to create and pass legislation that would prevent so-called "vulture" funds from taking advantage of Puerto Rico as they did to Argentina. The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) was designed to prevent predatory and "holdout" behavior.

"Puerto Rico's bankruptcy process could be a model for better, more comprehensive bankruptcy processes for states and other countries," explained LeCompte who advised the United Nations General Assembly on the creation of a global bankruptcy process. "Current debt restructuring processes available for U.S. states and countries can not restructure all of their debt, but the process for Puerto Rico can."

Overseeing the hearings is Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York. ‎The process will likely last a year and a half or more.

"In the coming years, Puerto Rico will still have a lot of obstacles to overcome but if this process is done right, Puerto Rico will have a clear path for recovery and economic growth," says LeCompte.

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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