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They Loan You Money. Then They Get a Warrant for Your Arrest.

Anjali Tsui ProPublica
dollar bill with handcuffs High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money. Technically, the warrants are issued for missing court hearings. For many, that’s a distinction without a difference.

Puerto Rico Files for Bankruptcy

AJ Vicens Mother Jones
The Day After Trump Admin Brags About Blocking Funds "They wanted a bailout. We wouldn't give it to them."

From Bad to Worse for Puerto Rico

Joseph E. Stiglitz and Martin Guzman Project Syndicate
The plan by the oversight board for Puerto Rico will depress the economy further and fuel a debt spiral, in which Puerto Ricans, US taxpayers, and in the long run, even the creditors will lose

The Perfect Storm, of Logistics

Sergio Bologna il manifesto
The shipping companies have been transporting goods at a loss. They put too many ships into service and they continued to order increasingly larger ships at. The shipyards competed fiercely for the orders and built the ships at bargain prices, although they are technological jewels. With the increase in freight capacity, freight rates plummeted, volumes grew but the income per unit of freight transported decreased. Then, China slowed exports creating the perfect storm.

Trump Casinos' Tax Debt Was $30 Million. Then Christie Took Office.

Russ Buettner New York Times
But the year after Governor Christie, a Republican, took office, the tone of the litigation shifted. The state entertained settlement offers. And in December 2011, after six years in court, the state agreed to accept just $5 million, roughly 17 cents on the dollar of what auditors said the casinos owed.
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