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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Public Services Card: Some still forced to comply

offsite link Catholic Church: Dark influence still active Anthony

offsite link Tom Parlon launches new career in comedy Anthony

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

offsite link The poor standard of Irish political journalism Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Thousands Turkish Proxy Fighters Flood Into Libya Amid Berlin Peace Talks Mon Jan 20, 2020 20:29 | Scott
https://southfront.org/thou... Turkey is increasing its military involvement in the Libyan conflict. After officially sending its military advisers and officers to support the Tripoli-based Government of National Accord (GNA), Turkey set

offsite link Moveable Feast Cafe 2020/01/20 ? Open Thread Mon Jan 20, 2020 14:00 | Herb Swanson
2020/01/20 14:00:02Welcome 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 Roots of American Demonization of Shi?a Islam Sun Jan 19, 2020 23:01 | amarynth
By Pepe Escobar with permission and crossposted with The Unz Review   The US targeted assassination, via drone strike, of Maj. Gen. Qassem Soleimani, apart from a torrent of crucial

offsite link ?Death to the Islamic Republic? they chant now- and they call themselves Iranians Sat Jan 18, 2020 09:39 | amarynth
By Aram Mirzaei for The Saker Blog Nobody has escaped the news of the so called “popular demonstrations” in Iran during the recent days. Hundreds of thousands of articles, updates

offsite link Are France?s unions even trying to win the General Strike? Sat Jan 18, 2020 09:32 | amarynth
by Ramin Mazaheri and crossposted with PressTV (Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Latest Updates Thu Nov 21, 2019 20:32 | 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

offsite link Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights

offsite link Saudi Human Rights Violation Fri Aug 09, 2019 20:41 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
"A flaky website that purports to be ?leftist,? The Cedar Lounge Revolution, occasionally makes a relevant point or two."

offsite link No buyers remorse 09:57 Mon Jan 20, 2020 | WorldbyStorm

offsite link So just when will SF be allowed to participate in government in the South? 09:38 Mon Jan 20, 2020 | WorldbyStorm

offsite link Irish Left Archive: Materials relating to the Campaign Against Refuse Charges/Anti-Bin Tax Campaign ... 06:33 Mon Jan 20, 2020 | irishonlineleftarchive

offsite link United Left 11:58 Sun Jan 19, 2020 | irishelectionliterature

offsite link Sunday and other Media Stupid Statements from this week? 10:05 Sun Jan 19, 2020 | guestposter

Cedar Lounge >>

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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