US Federal Judge Thomas Griesa scheduled Argentina to appear for a contempt hearing on Monday, September 29. At issue is Argentina's failure to follow a court order to only continue to pay the 92% of bondholders who restructured after the country's 2001 default if Argentina pays a group of hold-out hedge funds. Argentina organized payment to restructured bondholders via an Argentine bank to avoid paying the hedge funds. The hedge funds, popularly known as "vulture funds," are asking the judge to hold Argentina in contempt and fine the South American country $50,000 per day.
The Asian Socialism Conference will be held in Manila from November 28 to 29, 2014. The conference will be capped by the participation of guests and delegates to the November 30 rally in Manila to commemorate Bonifacio Day, a national hero who led the armed struggle in the revolution against Spain.