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Puerto Rico Debt

Puerto Rico's Private Sector Calls For Chapter 9

Dr. José Vázquez Barquet | Posted 08.20.2015 | Politics
Dr. José Vázquez Barquet

Chapter 9 is part of the solution to Puerto Rico's complicated debt and liquidity crisis. The alternative -- doing nothing and watching bondholders subject Puerto Rico to years of litigation and chaos -- would be a disaster for a business community that thrives on predictability and order.

Puerto Rico Crisis: It's Not About the Debt, It's About the Politics

David Paul | Posted 08.17.2015 | Politics
David Paul

When the Puerto Rico debt crisis burst into the news, Puerto Rico Governor Alejandro García Padilla pronounced that the Commonwealth's debt crisis "is not about politics." Of course, to paraphrase H.L. Menken, when a politician says something is not about politics, chances are it's all about politics.

5 Ways To Address Puerto Rico's Debt Crisis

Maru Gonzalez | Posted 08.12.2015 | Politics
Maru Gonzalez

Because of Puerto Rico's colonial status, the island's residents have never had any say over the imposed U.S. economic, trade and monetary policies which contributed significantly to the current economic crisis. So why are they now being asked to shoulder the bulk of the burden through austerity?

Puerto Rico Defaults On Debt Payment

Reuters | Paige Lavender | Posted 08.03.2015 | Politics

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O’Malley: 'We Can’t Let Puerto Rico Fail'

The Huffington Post | Adriana Usero | Posted 08.01.2015 | Politics

Democratic presidential candidate Martin O’Malley is making his pitch to fix Puerto Rico’s financial crisis in the wake of the commonweal...

Puerto Rico To Default After Missing Payment

Reuters | Andrew Hart | Posted 07.31.2015 | World

July 31 (Reuters) - Puerto Rico will miss a payment on debt due Aug. 1, the governor's chief of staff said on Friday, an event that will be considere...

4 Reasons Independence Is The Right Path For Puerto Rico

Maru Gonzalez | Posted 07.31.2015 | Politics
Maru Gonzalez

Although a variety of suggestions have been proposed to save the island from default, here are four reasons a clearly articulated, multi-year transition to independence is the only long-term viable solution for Puerto Rico.

PREPA Must Abandon Its Dependency on Heavy Oil for the Sake of the Puerto Rican Economy

Adrian Brito | Posted 07.28.2015 | Politics
Adrian Brito

Puerto Rico's economic crisis is nothing to laugh about. Drawing comparisons to Greece and Detroit could be illustrative, but the context of Puerto Rico's case is far different. Neither Detroit nor Greece has a state monopoly over energy responsible for a significant portion of their debt.

For Puerto Rico, Prosperity Requires Equality

Rep. Pedro R. Pierluisi | Posted 07.28.2015 | Politics
Rep. Pedro R. Pierluisi

Skewed media coverage can cause policymakers and members of the American public to draw erroneous conclusions. If you genuinely want to understand why Puerto Rico is mired in a crisis, but you disregard or downplay the lack of political and civil rights in the territory, then you are missing a core point.

Puerto Rico Tourism Industry Lags Rivals, Offers Little Relief From Debt Crisis

Reuters | Paige Lavender | Posted 07.27.2015 | Politics

July 27 (Reuters) - Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean ...

Latino Groups Vow To Remind Voters Which Candidates 'Turned Their Backs On Puerto Rico'

The Huffington Post | Roque Planas | Posted 07.16.2015 | Latino Voices

Cristóbal Alex isn't from Puerto Rico. But the Mexican-American activist, born in El Paso, Texas, is outraged by what he sees as U.S. leaders'...

Puerto Rico Meets With Creditors As Default Looms

Reuters | Posted 07.13.2015 | Latino Voices

(Repeats story that appeared earlier or July 13) By Megan Davies and Edward Krudy NEW YORK, July 13 (Reuters) - Investor...

Hillary Clinton Says Puerto Rico Should Have Access To U.S. Bankruptcy Laws

Reuters | Posted 07.08.2015 | Politics

* Says Puerto Rico should be on par with U.S. states * Two U.S. senators hope to advance legislation (Adds comments by Blumenthal, ...

Jason Linkins

Civilized Nations Don't Put Children In Brutal Prisons, So Why Do We? | Jason Linkins | Posted 07.02.2015 | Politics

So that happened. On this week's podcast, Dana Liebelson joins us to discuss her recent exposé of the prison system in Michigan, where children -- co...

Adriana Usero

Puerto Rico's Dance With Default Embraces A Fickle Partner: Wall Street | Adriana Usero | Posted 07.01.2015 | Politics

WASHINGTON -- Puerto Rico may stave off default by making a last-minute payment to creditors on July 1, but the island’s economic future rests on th...

White House: U.S. Not Contemplating A Federal Bailout Of Puerto Rico

Reuters | Posted 06.29.2015 | Politics

NEW YORK, June 29 (Reuters) - Puerto Rico's governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptc...

Laura Barron-Lopez

Gutierrez: Obama And Congress Have 'A Responsibility' To Help Puerto Rico | Laura Barron-Lopez | Posted 05.21.2015 | Politics

WASHINGTON -- Rep. Luis Gutierrez (D-Ill.) said this week that the Obama administration is not doing enough to help the territory of Puerto Rico, home...

Adriana Usero

Puerto Rico's Massive Anti-Austerity Protests Ignored By U.S. Mainland Media | Adriana Usero | Posted 05.18.2015 | Latino Voices

Students in Puerto Rico launched mass protests this week against the governor's attempt to slash some $166 million from the University of Puerto Rico...

Puerto Rico Debt Downgraded To Junk Status

AP | DANICA COTO | Posted 02.06.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rican officials on Wednesday rushed to propose new measures aimed at boosting the island's economy and appeasing...

Puerto Rico Prepares For Possible Bonds Downgrade

AP | DANICA COTO | Posted 01.29.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Top Puerto Rican officials met Tuesday with credit rating agencies in New York amid growing concerns the U.S. territory...

Puerto Rico Approves Measures To Manage $70 Billion Debt

AP | DANICA COTO | Posted 01.24.2014 | Latino Voices

SAN JUAN, Puerto Rico (AP) — Puerto Rico's Senate approved several measures late Thursday aimed at helping the U.S. territory take on new loans and ...