June 8, 2019

Puerto Rico to Receive New Disaster Relief, but Colonial Status Prevents Economic Recovery



Congress passed a new disaster relief bill, to provide Puerto Rico an additional $1.4 billion. But colonial status, a financial oversight board with conflict of interest, and unfavorable laws ensure that the Island remains mired in poverty.

TRNN

Related,
- Rothschild replaces Millstein as Puerto Rico financial adviser - Reuters
- Who Owns Puerto Rico’s Debt, Exactly? We’ve Tracked Down 10 of the Biggest Vulture Firms. - InTheseTimes

- Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From Privatization on the Island. - Intercept

No comments:

Post a Comment