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: The idolatry of US military might
- UN report: As climate warms, poverty will grow
- Synod on the family proves that father still knows best
- Special Section: Saints
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