“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
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
'Mr. Yen' cautions on Japan's 'unsafe' debt trajectory
Goldman Sachs quarterly profits more than double to $1.93bn
FBI ‘Grappling’ With Hiring Policy Because Top Hackers Smoke Pot
New £150million F-35 combat jet is banned from flying in bad weather because it could explode
China ousts police chief ‘who owns hundreds of houses’
French central bank warns against using bitcoin
Supreme court cellphone case puts free speech – not just privacy – at risk
British government says big change needed before new Syria vote
Carlos Slim, World’s Richest Man, Gets Richer Supplying ‘Obamaphones’ to Poor
U.S. opens de facto embassy in Taiwan, angering China
Jury Nullifies Felony in Cannabis Grower’s Trial
U.S. now has most Spanish speakers outside Mexico
Cop indicted for aggravated assault at McDonald's drive-through
Soc. Security, Treasury target taxpayers for parents’ decades-old debts
For U.S. investors sour on Apple, buying Samsung is tricky [2013]