On the March 2nd edition of Your Call, we’ll dig to the roots of Puerto Rico’s fiscal crisis.
The U.S. territory is $73 billion dollars in debt, having used investor-friendly tax-free bonds to finance basic services. But last June, the island’s Governor declared its debt un-payable.
What roles have Washington and Wall Street played in Puerto Rico’s debt crisis and what are its far-reaching implications?
It’s Your Call, with guest host Renee Kemp and you.
Guests:
Ed Morales, author and journalist, lecturer at Columbia University’s Center for the Study of Ethnicity and Race
David Dayen, freelance reporter
Web Resources:
The American Prospect: How Hedge Funds Deepen Puerto Rico’s Debt Crisis
The Nation: The Roots of Puerto Rico’s Debt Crisis—and Why Austerity Will Not Solve It
The Guardian: Puerto Rico in crisis: weighed down by $73bn debt as unemployment hits 14%
The Guardian: Puerto Rico's intensifying debt crisis has residents bracing for the worst
The Guardian: Puerto Rico's soaring cost of living, from giant electric bills to $5 cornflakes
The Nation: How Hedge and Vulture Funds Have Exploited Puerto Rico’s Debt Crisis
The Nation: Is an Obama Donor Tying the President’s Hands on Puerto Rico’s Debt Crisis?
Jacobin: Puerto Rico’s Dance With Debt
Latino USA:Puerto Rico debt crisis
Bloomberg: Puerto Rico’s Slide
The Hill: Puerto Rico’s debt crisis: A Lehman moment for the island
The Real News Network: How Tax Dodging Put Puerto Rico on the Road to Debt (1/2)
The Real News Network:Cash-Strapped Puerto Rico at Hedge Funds' Mercy (2/2)