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To the average investor, Puerto Rico debt crash is more of a whimper than a bang

There was a time when investors couldn't g.....»»

Category: topSource: latimesOct 12th, 2017

To the average investor, Puerto Rico debt crash is more whimper, less bang

To the average investor, Puerto Rico debt crash is more whimper, less bang.....»»

Category: topSource: washpostOct 10th, 2017

Exclusive: Baupost"s Klarman resists calls to wipe out Puerto Rico debt

BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored......»»

Category: topSource: reutersOct 18th, 2017

In Puerto Rico, a skirmish over how much debt the bankrupt island can handle

The U.S. territory’s new fiscal plan stirs worry over whether the federal aid package will help bondholders......»»

Category: topSource: washpostFeb 20th, 2018

Puerto Rico offers fiscal plan settling debt for pennies on the dollar

The territory faces high hurdles in gaining a federal oversight board’s and judge’s approval......»»

Category: topSource: washpostJan 25th, 2018

How The New Tax Bill Hurt One Of The Greatest Ways For Americans To Slash Taxes

Authored by Simon Black via SovereignMan.com, Puerto Rico won’t repay any of its $72 billion of debt until 2022… The US territory declared bankruptcy last May. A combination of a shrinking population, bloated pensions and a job crisis (in 2006.....»»

Category: blogSource: zerohedgeJan 25th, 2018

Puerto Rico: No money to pay debt until 2022

Puerto Rico's Gov. Ricardo Rosselló projects the hurricane-ravaged island won't have money to pay on the island's $72 billion bond debt until 2022......»»

Category: topSource: msnbcJan 25th, 2018

Moody’s: Massive Population Outflow Will Hit Puerto Rico’s Recovery

Burdened by $120 billion in combined bond and pension debt, Puerto Rico filed the most significant US municipal bank.....»»

Category: blogSource: valuewalkJan 16th, 2018

Puerto Rico"s Largest Newspaper Runs Column Blaming Jews for Hurricane Maria Aftermath

The largest newspaper in Puerto Rico has apologized for running an opinion column that said Jewish people control the U.S. Congress and want to punish storm-ravaged Puerto Rico for its debt because they care so much about money......»»

Category: topSource: newsweekJan 15th, 2018

Debt Vultures Behind Puerto Rico Austerity Are Also Fueling Climate Change

Debt Vultures Behind Puerto Rico Austerity Are Also Fueling Climate Change By Rob Galbraith, crossposted from LittleSis.org’s Eyes on the Ties The island of Puerto Rico has been devastated by a set of human-made catastrophes –.....»»

Category: blogSource: valuewalkDec 17th, 2017

Visualizing Your Country’s Debt Per Capita

National debt levels can be hard to understand, not to mention boring. For example, Puerto Rico is making headlines because it is $74 billion in debt, but the United States is ab.....»»

Category: blogSource: valuewalkNov 28th, 2017

Four Lessons For Investors from Puerto Rico And Toys R Us Defaults

The defaults by Toys R Us and Puerto Rico were remarkably similar, even though corporate debt and sovereign debt are quite different. This article highlights three lessons that can be taken from bot.....»»

Category: blogSource: valuewalkNov 1st, 2017

The Wall Street Journal: Hedge-fund billionaire Seth Klarman says canceling Puerto Rico debt ‘impractical’

Billionaire hedge-fund manager Seth Klarman questioned the wisdom of expunging Puerto Rico’s financial obligations in a Wednesday letter to his investors......»»

Category: topSource: marketwatchOct 19th, 2017

Misery in Puerto Rico: Long lines, no power

Unemployment was twice the national average before disaster struck Puerto Rico more than three weeks ago. Now, with 80% of the island still lacking electricity, many more have lost their jobs......»»

Category: topSource: cnnOct 16th, 2017

Misery in Puerto Rico: No power, long lines

Unemployment was twice the national average before disaster struck Puerto Rico more than three weeks ago. Now, with 80% of the island still lacking electricity, many more have lost their jobs......»»

Category: topSource: cnnOct 16th, 2017

Misery in Puerto Rico: No power, no job, "enormous" lines

Unemployment was twice the national average before disaster struck Puerto Rico more than three weeks ago. Now, with 80% of the island still lacking electricity, many more have lost their jobs......»»

Category: topSource: cnnOct 16th, 2017

Puerto Rico Weed Industry Takes a Hit From Hurricane

Puerto Rico's fledgling legal marijuana industry, once seen as a potential economic savior for the debt-riddled island, is struggling after Hurricane Maria......»»

Category: topSource: msnbcOct 15th, 2017

Puerto Rico Weed Industry Takes a Hit Due to Hurricane

Puerto Rico's fledgling legal marijuana industry, once seen as a potential economic savior for the debt-riddled island, is struggling after Hurricane Maria......»»

Category: topSource: msnbcOct 14th, 2017

How To Wipe Out Puerto Rico"s Debt Without Hurting Bondholders

How To Wipe Out Puerto Rico"s Debt Without Hurting Bondholders.....»»

Category: topSource: seekingalphaOct 12th, 2017

Here"s how Puerto Rico got into so much debt

An exodus of large businesses and a lack of tax revenue forced the Puerto Rican government to borrow money and sell bonds to Wall Street. The federal g.....»»

Category: topSource: businessinsiderOct 9th, 2017

The Case For Wiping Out Puerto Rico"s Debt

Authored by Tom Sanzillo via ValueWalk.com, President Trump, who knows a thing or two about bankruptcy, says Puerto Rico’s public debt should be wiped out. We agree. The commonwealt.....»»

Category: blogSource: zerohedgeOct 9th, 2017