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Articles Archive for December 2009

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[28 Dec 2009 | No Comment | ]

Action Alerts, Debt, Featured »

[17 Dec 2009 | 2 Comments | ]
Jubilee Act in the House

From JubileeUSA –
Our long-anticipated moment has arrived! Late yesterday, the Jubilee Act (HR 4005) was introduced by Representative Maxine Waters (D-CA), along with Financial Services Committee Chairman Barney Frank (D-MA), Ranking Member Spencer Bachus (R-AL), and seven more Republican and Democrat members of Congress. This encouraging bi-partisan effort by powerful leaders in Congress is a tremendous holiday gift for our sisters and brothers in the Global South.
The bill expands life-giving debt cancellation to 22 additional impoverished countries left out of previous debt relief deals and calls for …

Action Alerts, Debt, Featured »

[9 Dec 2009 | No Comment | ]
Stop Vulture Funds

From JubileeUSA -
Tell Congress: Stop Vulture Funds from Hurting Poor Countries!
It’s time to stop Vulture Funds from harming poor countries once and for all. Vulture Funds are predatory hedge funds that siphon off newly freed resources from debt cancellation. They profiteer off debt cancellation resources by buying up poor country debt in default at pennies on the dollar and then abusing US Courts to sue for the full amount of the debt plus exorbitant interest rates and court fees. Instead of US tax dollars going …