NPR News: Puerto Rico Begins Hearings To Restructure Billions Of Dollars In Debt

Puerto Rico Begins Hearings To Restructure Billions Of Dollars In Debt
In San Juan, Puerto Rico, a federal judge Wednesday held a hearing to begin restructuring the U.S. territory’s $74 billion public debt. It’s a process akin to bankruptcy, in which bondholders, public employees and retirees owed pensions are all fighting for what’s owed to them.

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williamchasterson

My name is William Chasterson. I’m a writer and a student of history. I was raised in the Midwest of the United States in a very conservative town of about 15,000 people. In my twenties I moved to New York which is where I’ve been for the past 15 years. After the first few years of culture shock I was finally able to settle into my environment and actually consider myself a New Yorker. For the past year however I’ve been living in the third world. I’m not going to mention the name of the country I moved to both for my own safety and because this is not a political blog. The purpose of this blog is to analyze the human psyche and to develop a theory I’ve been slowly formulating my entire life which is that we are all the same. No matter our race, gender, language, or economic status we are all of us equals. While this idea sounds cliche most people’s actions indicate that they don’t really believe it.

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