Greg Palast reports on Vultures for BBC Newsnight — Watch the Report
By Meirion Jones
February 14, 2007 — On Thursday 15 February a high court judge in London will rule whether a vulture fund can extract more than $40m from Zambia for a debt which it bought for less than $4m.
There are concerns that such funds are wiping out the benefits which international debt relief was supposed to bring to poor countries.
Martin Kalunga-Banda, Zambian presidential adviser and a consultant to Oxfam told Newsnight, “That $40m is equal to the value of all the debt relief we received last year.”
Of Blackbeard and Bill Gates Rip-off Software and CDs, Price-Rigged Pig Feed, Human Rights Abusers – a US Network is now on to them all
For The Observer/Guardian UK
You want to be a billionaire? Answer this one: What do Blackbeard, the Butcher of Croatia and Bill Gates have in common?
While the money clock ticks away, let me tell you about my weekend. I spent it at the Sheraton Hotel in Brussels, watching the guests shuttle between rooms. It looked a little like love, but maybe it meant nothing more to them than a couple nights of fun. There was Steve Ballmer, new CEO of Microsoft, and a thousand of his closest commercial and government friends, meeting under the guise of the ‘European Business Summit'.