Last week a US district court granted Sri Lanka’s request for a six-month pause on a creditor lawsuit against the country. Hamilton Reserve Bank holds a big chunk of one of Sri Lanka’s now-defaulted bonds and had been suing it for immediate repayment.
Sri Lanka’s debt trap and the vultures
Tag: financial institutions
Cuba Says Biden Applies Blockade Even More Aggressively Than His Predecessors
Biden has maintained many of Trump’s sanctions against Cuba. He must fulfill his promise to reverse Trump’s actions.
Cuba Says Biden Applies Blockade Even More Aggressively Than His Predecessors
The Coming Shock to the Global Monetary System
On Aug. 22, about 2
The Coming Shock to the Global Monetary System½months from today, the most significant development in international finance since 1971 will be unveiled.
DHS Warns U.S. Extremists Pose Growing Threat to Cops, Reporters, Pipelines
U.S. intelligence obtained by Newsweek has warned that domestic violent extremists pose a potentially growing threat to law enforcement, journalists and sites linked to the nation’s critical infrastructure.
DHS Warns U.S. Extremists Pose Growing Threat to Cops, Reporters, Pipelines
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Silicon Valley Bank wasn’t “woke”: Tech billionaires are just as bad as Wall Street bros
Ignore GOP hype about the “liberal” tech industry — reckless, entitled libertarianism is what fuels Silicon Valley
Silicon Valley Bank wasn’t “woke”: Tech billionaires are just as bad as Wall Street bros
Related:
Elizabeth Warren: Silicon Valley Bank Is Gone. We Know Who Is Responsible.
Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses
As regulators rush through emergency measures to prevent further chaos following the disastrous collapse of Silicon Valley Bank, there’s a point they’re very keen to emphasize: this is not a bailout.
Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses
Related:
Joe Biden stuck around just long enough to lie about who’s on the hook for SVB bailout
Michael Hudson: Why the US banking system is breaking up
Economist Michael Hudson responds to the collapse of Silicon Valley Bank, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.
Michael Hudson: Why the US banking system is breaking up
Washington Seeks to Drum Up Support for Sanctions on China
The Joe Biden administration is pressuring allies to sanction China if Beijing decides to send arms to Russia, Reuters reported on Wednesday. Top American officials have claimed the Chinese government is considering providing weapons for Moscow’s war in Ukraine.
Washington Seeks to Drum Up Support for Sanctions on China
Related:
US House committee advances slew of sanctions bills related to China and Taiwan
Did the U.S. really lift sanctions off Syria temporarily?
The “humanitarian exemptions”, on Syrian sanctions, are conditional!
The U.S. Treasury announced a decision on February 9 claiming to allow an easing of sanctions imposed on Syria for the ensuing six months until August 8, as part of “earthquake relief efforts.”
Did the U.S. really lift sanctions off Syria temporarily?
The decision allows for “third parties” to transfer aid to Syria without fear of U.S. sanctions, but should only be intended for aid to earthquake-effected areas. Nonetheless, the sanctions programs applied to Syria for many years, the most severe of which are the Caesar Act (2019) and Captagon Act (2022), provide for “humanitarian exceptions,” but are conditional on U.S. approval.
Related:
Did the U.S. lift sanctions on Syria?
So any earthquake relief effort must take place away from the Syrian state. In other words, it must contribute to undermining the sovereignty of the Syrian state, or it will not take place.
Ms. Cat’s Chronicles 
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