Argentina "Determined to Default" Second Time
July 19, 2014 0

Argentina "Determined to Default" Second Time

By News Desk

Argentina "Determined to Default" Second Time Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a vulture fund picked up an 8% share at rock bottom prices and refused to negotiate. In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on the small group of hold-outs.

China vs. Japan Debt Capacity; Impact of Debt on Chinese Growth; Chinese Recovery On Paper
July 18, 2014 0

China vs. Japan Debt Capacity; Impact of Debt on Chinese Growth; Chinese Recovery On Paper

By News Desk

First, please consider the New York Times article Chinese Recovery On Paper . The National Bureau of Statistics in Beijing announced on Wednesday that economic growth climbed 7.5 percent in the second quarter, compared with a year earlier. But independent surveys of businesses across China show that in sector after sector, sales and confidence are still deteriorating.“All of them are pointing in the opposite direction from this supposed G.D.P

Kiev Losing, Sanctions Flopped, Airliner Down, War Back On?
July 17, 2014 0

Kiev Losing, Sanctions Flopped, Airliner Down, War Back On?

By News Desk

US Senator John McCain, who had been standing in Kiev on stage with Neo-Nazis of the Svoboda Party shortly before they overthrew the elected government of President Viktor Yanukovych, stated in an NBC interview : "To leap to conclusions could be very embarrassing and really inappropriate until we have more information," he told NBC’s Andrea Mitchell. "But there have been, as you mentioned, previous incidents of shot down of Ukrainian aircraft.