Argentina issues plan for debt-swapping of bonds

Just days after a U.S. appeals court ruled that Argentina must pay a small group of bond investors more than $1.3 billion, the country's president laid out a debt-swapping plan designed to get around the decision entirely.

The defiant new proposal, disclosed late Monday on national television by President Cristina Fernandez de Kirchner, may mark a turning point in the matter because it could accelerate the slow-moving legal process in the U.S. and push the South American nation into technical default.

In a wide-ranging address, Fernandez said she would ask the country's legislature to pass a law offering holders of the nation's bonds the chance to swap them for new bonds issued out of Argentina instead of New York.

Three Southern Oregon coffee roasters captured awards in the 2013 Best Coffee in Oregon competition at the Oregon State Fair over the weekend, with a Grants Pass roaster snagging the top prize.

Rogue Coffee Roasters was named the best coffee in Oregon this year at the Oregon State Fair in Salem. The company also received a gold medal in the espresso category and a silver medal in single varietal.

Case Coffee in Ashland received a silver medal in signature blend and Quackenbush Coffee Roasters in Klamath Falls took the bronze in single varietal.

Mellelo Coffee Roasters of Medford also competed in the final round.

Umpqua Dairy's small curd cottage cheese received first place in the "Best of the Best" category at the World Dairy Expo Championship Dairy Product Contest in Wisconsin.

On the 100-point scale for cottage cheese judging, the Roseburg-based Umpqua Dairy received a score of 99.9 percent.

The contest, sponsored by the Wisconsin Dairy Products Association, received 820 entries for a variety of products, including cheese, butter, milk, yogurt, cottage cheese, ice cream, sour cream, sherbet and others.

From staff and wire reports

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