Ruling on Argentina Gives Investors an Upper Hand

I prefer not to get too wonkish here, but this ruling could put a kink in US-based finance's history:

In so doing, the court most likely damaged the status of New York as the world’s financial capital. It made it far less likely that genuinely troubled countries will be able to restructure their debts. And it increased the power of investors — often but not solely hedge funds that buy distressed bonds at deep discounts to face value — to prevent needed restructurings.

Fear Is Driving Young Men Across the U.S. Border

The moral complexity we rarely read about, in deportation:

The day of his first kidnapping, Wander’s life cleaved in two. Before it, he was a middle-class kid living in a humid, mountain-flanked Honduran city.
...
Wander is part of a new surge of immigrants crossing into the United States: young Central Americans fleeing swelling violence in countries where the state is too weak or too corrupt to protect them. In fiscal year 2009, just over 6,000immigrants under the age of 18 were taken into custody by the U.S. Office of Refugee Resettlement, which provides services for unaccompanied immigrant youth after their apprehension. In 2014, the government is planning for 60,000.

Signs of strain in militant ranks as ISIL alienates allies

Funny. Just a couple days old, but I hesitate to link it, given the way wars shift quickly. At least it's something to watch. Trend? Or temporary chaos amongst erstwhile allies? I think this says quite a bit:

The fighting in Hawija, in Kirkuk province, on Friday was sparked by the refusal of Naqshbandi fighters to give up their weapons and pledge allegiance to ISIL, a security official said.

House surprises with vote to limit NSA spying capabilities

...The surprise vote, adopted 293-123, is an amendment to the 2015 Defense appropriations bill that would effectively prohibit the NSA from using funds to conduct warrantless searches. It’s also designed to prevent the NSA from using its budget to force companies and organizations to add backdoors to encryption standards and products.

When There’s No AUMF Nexus: Abu Khattalla and Criminal Procedure

 

Quite unlike its earlier, hold-for-interrogation-then-prosecute cases (Ghailani, Warsame, and Al-Liby), the United States now claims—has—no power to hold Abu Khattallah under the 2001 AUMF and laws of war. And without a wartime nexus, the government’s authority to detain for intelligence purposes prior to commencing criminal proceedings—rather than commencing criminal proceedings immediately—is less clear. In that regard, Abu Khattalla’s case stands to create a more broadly applicable (and thus perhaps more consequential) precedent.