Hi there,

As the future of democracy in the United States hangs in the balance, the need for courageous independent media is more important than ever. Our reporting centers the voices of people routinely excluded from corporate and government-run media, such as those raising deep questions about war and peace, demanding an end to our global reliance on fossil fuels. Because we are audience-supported, we need your help today. Can you donate $15 to Democracy Now! today to support independent media? From now until Giving Tuesday, a group of generous donors will TRIPLE your gift, which means your $15 donation is worth $45. Please help us air in-depth, substantive coverage of the outcome of the election and what it means for our collective future. Thank you so much! Every dollar makes a difference.

-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Argentina Pays Paul Singer’s “Vulture Fund” $2.4 Billion

HeadlineMar 04, 2016

In Argentina, Nobel Peace Prize-winning human rights activist Adolfo Pérez Esquivel is calling on President Obama to change the date of his trip to Argentina because the scheduled visit on March 24 coincides with the 40th anniversary of the U.S.-backed military coup. The coup toppled Argentina’s democratically elected government and installed a brutal dictatorship. Meanwhile, new details have emerged about this week’s settlement between Argentina and billionaire Republican Party donor Paul Singer’s hedge fund Elliott Management. Elliott Management was one of many U.S. hedge funds to buy up Argentine debt at pennies on the dollar amid the country’s economic crisis in 2001. Former Argentine President Cristina Fernández de Kirchner had long demanded the hedge funds, which she called “vulture funds,” renegotiate the debt, arguing they were unfairly profiting off Argentina’s economic crisis. But this week, President Mauricio Macri’s right-wing government agreed to pay Singer’s fund and three others $4.65 billion. Singer’s fund itself netted $2.4 billion—10 to 15 times its original investment.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top