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Spirit of Contradiction

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

offsite link Fake News: The Epistemology of Media Wed Jun 07, 2017 11:52 | Gavin Mendel-Gleason

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Tom Parlon launches new career in comedy

offsite link Presumption of innocence does not universally apply in Ireland Anthony

offsite link The poor standard of Irish political journalism Anthony

offsite link RTE bias: A failure of objective journalism Anthony

offsite link Alison O’Connor and professional deceit Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Understanding America?s ?regime change? strategy in Russia Wed Jun 19, 2019 17:52 | The Saker
by Ollie Richardson for The Saker Blog In what is a very timely admission taking into account the topic of my last article ? 21st century international relations and decision-making,

offsite link Moveable Feast Cafe 2019/06/18 ? Open Thread Tue Jun 18, 2019 22:00 | Herb Swanson
2019/06/18 21:00:01Welcome 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 Iran at the center of the Eurasian riddle Mon Jun 17, 2019 23:00 | amarynth
By Pepe Escobar ? posted with permission With the dogs of war on full alert, something extraordinary happened at the 19th summit of the Shanghai Cooperation Organization (SCO) late last

offsite link US planning ?tactical assault? on Iran in response to ?tanker attack? ? report Mon Jun 17, 2019 22:15 | The Saker
RT reports:   UN sources believe that the United States is planning to carry out a ?tactical assault on Iran? in response to the attack on two oil tankers in

offsite link Turkish Artillery Struck Syrian Army Positions Near Idlib Mon Jun 17, 2019 19:05 | Scott
Syrian War Report ? June 17, 2019: Turkish Artillery Struck Syrian Army Positions Near Idlib   On June 16, Turkey said on that its forces had struck positions of the

The Saker >>

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."

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