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-- "After Argentina’s July win in the semifinals of the World Cup, fans jumped for joy across the country and climbed wobbly stoplights to belt out patriotic songs. On the streets of at least one city, Rosario, Argentina’s third-largest, they also took the opportunity to taunt a U.S. hedge fund manager. Dancing around the National Flag Memorial, they sang a song in Spanish that more or less followed the tune of Bonnie Tyler’s It’s a Heartache. “F–––ing vulture funds,” they chanted, in rough translation, “stop messing around and agree to a swap.” They would not be satisfied, in soccer or in finance. Weeks after the Argentine team was shut out in the World Cup final, talks in Manhattan broke down between Argentina and some of its creditors, the most important a group of hedge funds led by billionaire Paul Singer. On July 30, when a last-ditch workaround failed and the deadline for interest payments of $539 million passed, Argentina went into default for the second time in 13 years. How does a New Yorker help tip over the second-largest economy in South America a few weeks before his 70th birthday? By being stubborn, self-righteous, clever, and willing to take his decade-long fight against the country to a Las Vegas court, a Ghanaian seaport, weapons warehouses in Maryland, and at least two rocket launches."* The Young Turks host Cenk Uygur breaks it down. *Read more here from Max Abelson and Katia Porzecanski: http://ift.tt/X4ihzw ********** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary) The Young Turks (Winner - Best Political Podcast & Best Political News Site of 2009) were the first original talk show on Sirius satellite radio and the first live, daily webcast on the internet. But that is not the revolution. We are a rare show that combines all of the news that people care about in one place. We are not afraid to talk about politics and entertainment and sports and pop culture. But that is not the revolution either. The real revolution is in daring to be honest with people. We don't patronize our viewers or lie to them. We have real conversations and deliver the news honestly. Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://ift.tt/1chma4x. Your membership supports the day to day operations and is vital for our continued success and growth. Join The Young Turks Network mailing list http://ift.tt/1oN5N9n or Support The Young Turks by Subscribing http://ift.tt/1chmakN Like Us on Facebook: http://ift.tt/1g3myXP Follow Us on Twitter: http://ift.tt/rwveHv Support TYT for FREE by doing your Amazon shopping through this link (bookmark it!) http://ift.tt/uPA4Q3 Get your TYT Merch: http://shoptyt.com ********** 'Your Country Is Just Not That Into You: How the Media, Wall Street, and Both Political Parties Keep on Screwing You—Even After You’ve Moved On' by Jimmy Dore. Buy it here: http://goo.gl/t7GnDA
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