Justin Villamil

1 week ago | jacobin.com | Justin Villamil

After years of wrangling, New York lawmakers have a chance to give indebted nations some breathing room — if a key bill can survive the state assembly and governor’s office. If it passes, the law would limit the ability of a handful of notorious firms to buy cheap national debt just to sue for full repayment. New York has become the battleground because most international debt contracts are governed by New York law, giving the state’s courts enormous power over global financial disputes.

Sep 14, 2024 | jacobin.com | Justin Villamil

Financial institutions like to pay lip service to the climate catastrophe to burnish their public image. Doubtless, that’s what BlackRock chair Larry Fink, who oversees more money than the combined GDPs of Japan and Germany, had in mind when he declared four years ago that “climate risk is investment risk.”At the time, the announcement shocked financial observers, who tend to wait for Fink’s annual letter to CEOs as if it’s a new set of commandments.

Jul 1, 2024 | dollarsandsense.org | Austin Landis |Nick French |Justin Villamil

Is the Biden administration’s economic policy a break with neoliberal orthodoxy, or more of the same? | Order this issue or subscribe.

Jun 22, 2024 | znetwork.org | Justin Villamil

Shortly before his assassination in 1987, Burkina Faso’s president, Thomas Sankara, issued a warning. Rich nations, he said, were deftly deploying debt to control the developing world.

Jun 21, 2024 | jacobin.com | Justin Villamil

Shortly before his assassination in 1987, Burkina Faso’s president, Thomas Sankara, issued a warning. Rich nations, he said, were deftly deploying debt to control the developing world.