It's a business model polished and perfected over decades of litigation. But what if the deadbeat is a sovereign nation of 40 million people whose fiery president has sworn never to pay? That question now faces the U.S. 2nd Circuit Court of Appeals in New York, which has become an unlikely referee in a high-stakes grudge match pitting Wall Street investors against Argentina. Read more [...]

SANTIAGO, Chile — Chilean and Argentine officials issued a red alert Monday for the increasingly active Copahue volcano bordering the two countries and ordered the evacuation of about 3,000 people. Chilean Interior and Security Minister Andres Chadwick said the increased activity could lead to an eruption and officials would soon begin evacuating 2,240 people, or 460 families, within a 25-kilometer (15.5-mile) radius. “This evacuation is obligatory; it’s Read more [...]