Argentina is expected to appeal to the US Supreme Court by mid-February in response to a US 2nd Circuit Court ruling ordering the country to pay $1.33 billion to predatory hedge funds. The precedent the case sets will hurt poor countries in financial distress and could allow a small group of hedge funds to target assets that benefit vulnerable populations. At the same time, debt holders who restructured their debt with Argentina have hired lawyers to help negotiate the dispute between holdout hedge funds and Argentina. Nearly 93% of debt holders restructured their debt with Argentina after the 2001 default. The majority of bondholders are concerned that their settlements could be disrupted if hedge funds win the final ruling.
Old age poverty is the result of deregulation of the labor market and dismantling the social state. Need justice and distribution justice have always existed in the political realm. The task of the social state was to fight poverty and protect citizens from standard life risks, sicknesses, accidents and so forth... Only the rich can afford a poor state.
If you don't teach history, learning may become a consumer product. What we think we know is a product and will change in the future. Learning is an historical process. Anything we know will be modified. There is psychology in what is seen first and second or not at all.