News Archives » Resources
“Money Has to Serve, Not to Rule” July 10th, 2013
In his latest blog on Huffington Post, Fr. Seamus Finn, OMI looks at what the Pope and the SEC Chair have to say about the state of the money economy. “On the one hand, Pope Francis has been raising fundamental questions about the social purpose of the financial system and the ethical and moral policies and practices of the institutions and individuals that operate in that space. During her confirmation hearings, the new SEC chair [Mary Jo White] has reiterated the core mission of the commission and other regulators in supervision and analysis and in guaranteeing both the transparency and accountability that are the foundation for sound capital market operations….”
A New Era for the Bangladesh Garment Industry? July 7th, 2013
Photo credit: Emma L. Herman
A PBS Religion & Ethics Newsweekly video clearly explains the realities confronting the Bangladesh garment industry. Cheap clothes come at a high cost.
Obama Administration Says No to Vulture Funds July 7th, 2013
Last week, Jubilee’s Executive Committee wrote President Obama to thank him and his Administration for their efforts to stop vulture funds that profit from exploiting poor people. The Reverend Séamus Finn, OMI, a Jubilee USA Board Executive Officer, signed on to the letter, representing the Oblates. The Justice Department filed an Amicus or friend-of-the-court brief in the current legal proceedings of hedge fund NML Capital versus Argentina. The outcome of this vulture fund case will have far reaching impacts on global poverty.
Read the letter to President Obama and join Jubilee USA in thanking the President: sign the thank-you petition to President Obama. Judges in the US 2nd Circuit Court will soon announce a ruling. Days ago, Argentina filed a preemptive appeal to the US Supreme Court to reverse the ruling to pay the vulture funds.
Jubilee USA’s views on this case have been covered extensively in the mainstream media. To fully understand the case and its repercussions on global poverty, read the story that featured Jubilee USA in the Los Angeles Times. Recently in The Financial Times, Jubilee USA called these rich hedge funds what they are, “morally bankrupt.”
We hope you will join us in thanking President Obama for standing up to vulture funds. Please visit the Jubilee USA website for more information on this important issue. Read the letter (download PDF)…
US State Department Trafficking in Persons Report for 2013 Now Available June 28th, 2013
The State Department has recently released the 2013 Trafficking in Persons Report. The report and the ceremony releasing it are available on the State Department website (click here).
Reflections on Eradicating Poverty June 25th, 2013
Br. Terence Chota, OMI spent a few days in New York as part of his summer internship with the OMI JPIC Office. While being hosted by Fr. Daniel LeBlanc, OMI in New York, Terence attended a meeting of the UN NGO Subcommittee on Eradicating Poverty.
Here is his report and reflection on the meeting…. (Download PDF)
