Their critics call them vulture funds because they prey on vulnerable countries that have defaulted on their debts - usually poor countries in Africa. But this time, a vulture fund has swooped on the Libertad, a ship belonging to the Argentine navy and now docked in a port in Ghana. A court there impounded the ship at the request of NML Capital, which is owned by a US hedge fund called Elliot Associates and run by Paul Singer, one of Mitt Romney's supporters.
The dispute goes back almost a decade to when Argentina decided to default during its economic crisis.
So, just how widespread are these vulture funds and what sort of power do they wield? Tim Jones from the Jubilee Debt Campaign joins the show to answer these questions.
Also, it was one of Pakistan's worst man-made disasters - the fire at a garment factory in Karachi in September left more than 289 people dead. Locked fire exits and faulty fire extinguishers laid bare the serious problems with Pakistan's safety laws. But a couple of months later, not much had changed.
Also, it was one of Pakistan's worst man-made disasters - the fire at a garment factory in Karachi in September left more than 289 people dead. Locked fire exits and faulty fire extinguishers laid bare the serious problems with Pakistan's safety laws. But a couple of months later, not much had changed.
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