Economy
Gutting schools won’t solve Puerto Rico’s debt crisis
Austerity measures will hurt the vulnerable to protect the wealthy
- Topics:
- Puerto Rico
- Debt
- Bankruptcy
- Economy
- Public Schools
- U.S.
Austerity measures will hurt the vulnerable to protect the wealthy
Puerto Rican municipalities remain barred from declaring bankruptcy, but ruling makes case for new Chapter 9 legislation
Tens of thousands fill streets of the capital in support of Podemos as it surges in polls with anti-austerity message
Suspension of local government’s power in Detroit taken as precedent for struggling gambling hub
'We look forward, truly, to a better time for the city going forward,' says emergency manager Kevyn Orr
Stockton, California – the biggest bankrupt US city after Detroit – will not have to touch its employee pension plan
How can officials fairly secure a path to recovery while leaving the city able to grow and rebuild?
Keyvn Orr, the city's emergency manager appointed by the state, had been managing all of Detroit's operations
Retirees approved the city’s bankruptcy plan this week, but some vulnerable creditors stand to lose more than others
The potential cost of dealing with the city's estimated 80,000 blighted structures could reach $2 billion
