
“Unable to pay its $73bn debt, Puerto Rico has begun rationing water,closing schools and watching its healthcare system collapse and 45% of its people living in poverty. Emigration to the mainland has accelerated in recent years, activists say, and data shows that from 2003 to 2013 there was a population swing of more than 1.5 million people. As a US territory, the semi-autonomous island does not have the same authorities that allow others to file for Chapter 9 bankruptcy, as Detroit did to cope with its own disastrous finances. Today, 60% of Puerto Ricans live in the States and 40% on the island according to a 2014 Pew report, with most moving to Florida.”
http://www.theguardian.com/world/2015/jul/02/puerto-rico-economy-exodus-us-mainland
Related posts:
Europe's lost generation: Young, educated and unemployed
For GOP mega-donors, a convention of their own
Police officer pleads guilty to selling law enforcement information
Russian spokesman mocks Britain, the little island
ECB bailout plan in jeopardy as Italy's voters reject conditions
Drones to patrol skies over Republican convention
Manhattan's New Most Expensive Listing: A $130 Million Penthouse
New $100 bill costs 60% more to produce
The final nail in the ACLU's coffin
Mexico City mulls legal marijuana ‘clubs’
Woman taken down, handcuffed for not showing rental agreement quickly enough
Dead, detained or missing: China's businessmen and officials are disappearing
Kurds seize Iraq oilfields, ministers pull out of central government
Snowden’s surveillance leaks open way for challenges to programs’ constitutionality
Houston-area officer indicted in death of teenager