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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

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

Trump Claims Puerto Rico"s Bond Debt Will Be "Wiped Out," Here"s Who"d Lose Big

Puerto Rico bonds took a huge hit last week when President Trump suggested the U.S. government may eliminate the nation’s debt in wake of its ongoing financial crisis. Late.....»»

Category: blogSource: benzingaOct 9th, 2017

How Puerto Rico Can Rebuild And Become The Hong Kong Of The West

After a particularly devastating hurricane season, Puerto Rico has an uncertain future. Already mismanaged and saddled with debt, the island territory now faces t.....»»

Category: blogSource: valuewalkOct 6th, 2017

Trump wants Puerto Rico debt handled in court, not eliminated

President .....»»

Category: topSource: moneycentralOct 5th, 2017

Why Trump can"t just erase Puerto Rico"s debt

President Trump raised the prospect of wiping out Puerto Rico's $73 billion debt, but he doesn't have a magic wand to wave. He does have the bully pulpit, though. Richard Quest explains how that could help Puerto Rico's debt problem......»»

Category: videoSource: cnnOct 5th, 2017

Trump should honor his short-lived promise to "wipe out" Puerto Rico"s debt

Jonathan Ernst For a man that has branded himself as the "king of debt," President Donald Trump seems to have a very thin grasp on how the bond market works. Trump, whose businesses have gone bankrupt no fewer than six times, .....»»

Category: topSource: businessinsiderOct 5th, 2017

'Wipe out' Puerto Rico debt? Hedge funds, residents at risk of losses

Eliminating Puerto Rico’s debt would speed the island’s recovery following Hurricane Maria, but it could also lead to crushing losses for investors. .....»»

Category: topSource: usatodayOct 5th, 2017

Democrats call for Puerto Rico recovery plans to address broader debt crisis

Democrats are urging the White House and Congress to use the rebuilding of Puerto Rico after Hurricane Maria to address the U.S. territory’s broader debt crisis. Senator Chuck Schumer, the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 5th, 2017

Market Extra: Puerto Rico has more than $70 billion in debt because of this

Puerto Rico and domestic entities linked to the U.S. territory owe creditors more than $70 billion. A double-whammy of devastating hurricanes in recent months, Maria and Irma, only exacerbated the plight of the Caribbean island......»»

Category: topSource: marketwatchOct 5th, 2017

Un-erasing Puerto Rico’s Debt, Unbundling Bloomberg: DealBook Briefing

The White House tried to walk back President Trump’s vow to wipe out the island’s debt amid investor panic. But the territory faces a fiscal deadline......»»

Category: dealsSource: nytOct 5th, 2017