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Puerto Rico's New Fiscal Plan: Certain Pain, Uncertain Gain

Lara Merling Philadelphia Inquirer; CEPR
Puerto Rico was already in trouble after suffering a “lost decade” without economic growth after 2005, leading to a default on its public debt and mass migration from the island. That was before Hurricane Maria.

Puerto Rico: Cruelest Storm; Trump Political Disaster; AFL-CIO Labor Solidarity

Puerto Rico has been hit by a triple disaster - Hurricane Maria; outrageous debt owed to vulture hedge funds; racist, colonial indifference by the Trump Administration. Puerto Ricans - on the island, and in the U.S. have called for the lifting of the Jones Act, as it applies to Puerto Rico; canceling the debt; and abolishing PROMESA. Yesterday a solidarity flight of medical and emergency organized by AFL-CIO unions brought needed supplies and aid workers to the island.

Puerto Rico Is Getting Squeezed, and It Will Cost All of Us

Anamaria Lopez Institute for New Economic Thinking
The path of austerity could spread economic pain and social woes far beyond the Caribbean island, says public debt expert Martin Guzman. 1,000 miles off the coast of Florida, a small Caribbean island of 3.4 million American citizens is facing its worst economic crisis since coming under U.S. rule in 1898. In the short term, austerity aggravates the recession and reduces opportunities.

Tidbits - November 17, 2016 - Reader Comments: Analyzing a Very Close Election; What Now, What Next?; Revenge of the Forgotten Class; Announcements: and more...

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Reader Comments: Analyzing a Very Close Election; What Now, What Next?; Revenge of the Forgotten Class - What Impacted How White Workers Voted?; A Message from the Past for us Today - from A.J. Muste; Announcements: 2016 Election Debrief; Announcing the AltoTrump.com Website; The Spanish Civil War & the Abraham Lincoln Brigade: 80 Years Later; Puerto Rico: Facts and Realities of Living Under PROMESA; Clemency for Leonard Peltier - week of actions; and more...
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