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Obama Just Signed a Controversial Puerto Rico Debt Plan Into Law

Osita Nwanevu Slate
“In my view it is a very, very, very bad piece of legislation,” Sanders said at the National Association of Latino Elected and Appointed Officials conference in Washington last week. “[W]e are taking away virtually all of the political and democratic rights of the people of Puerto Rico. We are treating them as an absolute colony.”

labor

Enforcement of Puerto Rico’s Colonial Debt Pushes Out Young Workers

José A. Laguarta Ramírez Dollars & Sense
As living conditions in Puerto Rico continue to deteriorate students and young workers from the island will continue to flood those places where family connections and job opportunities pull them. Not all will be targets of violence because of their multiple identities, as the Orlando victims were. Their fate, however, will continue to be a reminder of how invisible forces pattern seemingly random events in the lives of individuals and communities.

Who Is Responsible for Puerto Rico's Debt?

Ed Morales The Nation
There's evidence some of it is illegal - and activists agree that Washington's colonial control over the island's economy helped create the crisis. We are urging members of Congress to put the people of Puerto Rico first and oppose H.R. 5278 as currently written, said SEIU 32BJ President Hector Figueroa. We need a real solution and Congress must get back to work immediately to provide a path forward that allows Puerto Rico to negotiate a feasible debt restructuring plan.

Friday Nite Videos -- April 29, 2016

Portside
John Oliver: Puerto Rico. Bernie Challenges Dems. Pres. Obama's Language Games. How Did Life Begin on Earth? Samantha Bee | Twenty-Dollar Tubman.

John Oliver: Puerto Rico

Puerto Rico is suffering a massive debt crisis. Lin-Manuel Miranda (author of the musical Hamilton) joins John Oliver to call for relief.

Tidbits - April 28, 2016 - Reader Comments: Puerto Rican Coalition Against Debt Formed; Verizon Strike; Sanders, Hillary and a Revitalized Left; Beyonce's Lemonade; and more...

Portside
Reader Comments: Puerto Rican Coalition Against Debt Formed; Verizon Strike; Sanders, Hillary and a Revitalized Left; Sanders Allies - June Conference - Future of the Movement; Beyoncé's Lemonade; Harriet Tubman currency; and more; Announcements: Ways to Justice - Perspectives on Nonviolence, Civil Resistance and Self Defense; ALBA/Puffin Award for Human Rights Activism - 80th Annual Celebration Abraham Lincoln Brigade; Rise of the Right forum (California and New York)

Debtors' Island: How Puerto Rico Became a Hedge Fund Playground

Jennifer Wolff New Labor Forum
You could call it a perfect storm: a fiscal crisis converging with a deep secular economic decline.[1] Once touted as the showcase of U.S.- led economic development, debt-strapped Puerto Rico is currently embroiled in a struggle for survival. During the mid-twentieth century, Puerto Rico grew at a rapid pace, betting on cheap labor, privileged duty-free access to the U.S. market, and tax incentives for U.S. companies.

Debtors’ Island: How Puerto Rico Became a Hedge Fund Playground

Jennifer Wolff New Labor Forum
By the year 2000, the government ran on ever-larger deficits. It all came to a screeching halt in 2014, when Puerto Rico’s debt was degraded to junk status and the island was effectively shut out of the financial markets. The fiscal and economic predicament has had a devastating impact on the working and middle classes.

Tidbits - March 24, 2016 - Reader Comments: Brussels Attacks; Zika Virus; Bayard Rustin; Trump's Ideology and Working-Class Appeal; Labor Notes Conference; Abraham Lincoln Brigade; and more

Portside
Reader Comments: Zika Virus-Puerto Rico; Brussels Attacks; Elizabeth Warren; Bayard Rustin - from those who knew him; Letters from Langston; Dr. Quentin Young; Trump's Ideology of Violence and Working-Class Appeal; How Black Youth Helped Unseat Anita Alvarez; Demonstrating Against Trump; Future of Education-Colleges as Investments; Community Colleges; Announcements: Labor Notes Conference; Webinar: TPP is a feminist issue; 80th Annual Celebration Abraham Lincoln Brigade
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