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Your Call: Breaking down Puerto Rico’s debt crisis

Van Corey, used under CC
San Juan, Puerto Rico


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.


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)