Poverty in the world
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Video on Debt
Last Tuesday we discussed world problems in class. One of the issues listed was "debt".
Go to the glog and click on the video hidden behind Debt. Watch the interview with Nick Dearden, a campaigner in favour of debt relief, talking about vulture funds. Answer the following questions:
- What are vulture funds?
- Is anything being done about vulture funds?
- What does Nick say about Liberia?
- Was the campaign successful? How?
- What does Nick say about vulture funds and the US?
- How successful has the campaign been in the UK?
1) Here is a link to an article by Greg Palast on Vulture Funds. Read the article and take notes under the following headings:
- His definition of vulture funds
- One example of a highly indebted country
- Zambia and Romanian tractors
- DAI and Zambian debt
- Paul Singer and his involvement with vulture funds
- US courts and vulture funds
- Tactics that vulture funds employ
2) Read again and make a list of adjectives that describe vulture funds.
Reflection
Think of possible solutions to stop vulture funds. Write down your ideas. We'll discuss this in class.
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