The U.S. Supreme Court has rejected Argentina's appeal of a lower court ruling in favor of predatory hedge funds that buy sovereign debt for pennies on the dollar and then seek repayment at full value. JubileeUSA, which had urged the court to rule against the vulture funds, has the story and their response here. This is very bad news and gives the lie to those who claim "rule of law" is sufficient regulation of markets.
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In This Issue
- Editorial: We must get beyond the 'Humanae Vitae' impasse
- Pope Francis shakes up the College of Cardinals
- Twin Cities archdiocese files for bankruptcy
- Preview this issue's Special Section: Deacons
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