Argentine economy minister in New York for last ditch talks
By Daniel Bases and Jorge Otaola NEW YORK/BUENOS AIRES (Reuters) - Argentine Economy Minister Axel Kicillof unexpectedly arrived in New York on Tuesday to join last-minute debt negotiations with "holdout" investors in a bid to avert a default. After a long battle in the U.S. courts, Argentina has until the end of Wednesday to either pay in full the hedge funds that rejected its restructuring on their defaulted bonds, cut a deal or win a stay of the court order that triggered the deadline. Argentina's isolation from global credit markets since its 2002 default on $100 billion means a default would be highly unlikely to cause financial turmoil abroad, but it would hurt a domestic economy already in recession. The scant progress made in talks, and Kicillof's absence, had raised questions over Argentina's commitment to reach a settlement with the holdouts.
The Agility Factor
The Beatles' Sergeant Pepper's Lonely Hearts Club Band changed the way people think about music; it is regarded as one of the most pivotal music releases of all time. Pop star Phil Collins said that it opened a door and showed people a new room.But the door had already been opened for the Beatles. Paul McCartney said that the single biggest...
5 food writers subpoenaed in 'pink slime' lawsuit
SIOUX FALLS, S.D. (AP) — Several food writers, including a New York Times reporter, have been subpoenaed by a meat producer as part of its $1.2 billion defamation lawsuit against ABC in regards to the network's coverage of a beef product dubbed "pink slime" by critics.
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