“Hedge funds that hold billions of dollars of Puerto Rico’s high-yield debt ‘are feeding off the misery of the island,’ Mark-Viverito, speaker of the City Council, told a cheering crowd last week at a City Hall rally. She accused the funds of trying to gut wages, education and health care for the island’s 3.5 million residents. What she and other critics who spoke that day didn’t say was that New York taxpayers and retirees entrust some of those hedge funds with more than $2.2 billion of the city’s $166 billion in pension assets. The Puerto Rican government said officials need to cut spending and take other steps to revive the economy, such as cutting the island’s minimum wage below the federal $7.25 level.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
German Constitutional Court Rejects Calls to Block ESM Fund
Tax watchdog: IRS travel costs are ‘excessive’
Americans don’t want U.S. military strike against Syria, poll finds
New health law frustrates many in middle class
New sanctions on Iran introduced to Congress
Australia Stock Market Set to Shrink on Foreign Takeovers, Rocket Higher
Cop Sexually Assaults Woman, Then Arrests Her For Protesting The Assault
Forget cursive: Teach kids how to code
90% of NSA-intercepted chats found to be non-targeted Web users
Latin America demands answers from U.S. on spying
Senate approves Obama request to arm, train Syrian rebels
Mexican drug war claims innocent victims
U.S. spy chief criticizes journalists for publishing anti-encryption efforts
Homeland Security agents indicted for falsifying records in corruption investigation
Google Glass Orders: How You Can Get Your Hands On An Early Set Of The Futuristic Glasses