Puerto Rican Economy Starting to Stabilize: Fernandez: Video - Bloomberg

Puerto Rican Economy Starting to Stabilize: Fernandez: Video

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Hatch objects to passage of S.1774, Puerto Rico Chapter 9 Uniformity Act | Senate Democrats

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Mapping Extreme Poverty Around the World A new report from the

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A new report from the  World Bank  just landed, finding that a record low of 10% of humanity now live in extreme poverty, down from 11% in 2013. But poverty rates aren’t anywhere close to equal between continents or even countries, as our new series of maps clearly demonstrates. The World Bank provides an in-depth explanation for its methodology, which you can find in Appendix A of the full report  here . We focused on the percentage of people in each country living below what the World Bank defines as extreme poverty, or $1.90/day. We’ll let the researchers defend this definition on their own, but there is one caveat to keep in mind. It can be extraordinarily difficult to collect reliable data from so many countries on a regular basis, and in fact we used the latest year in which numbers were available whenever possible. For example, in some of these maps we compare 2011 figures against 2015. In short, our maps provide the clearest possible apples-to-apples compa...
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Earlier this week, congressional Republicans introduced two bills designed to help Puerto Rico cope with its unsustainable $72 billion debt obligation. Both pieces of legislation—introduced in the House by Rep. Sean Duffy (R-Wisc.) and in the Senate by Sens. Orrin Hatch (R-Utah), Lisa Murkowski (R-Alaska), and Chuck Grassley (R-Iowa)—included language that would create a federally-appointed oversight board to control the island's finances . The House bill also included provisions that would permit Puerto Rico's cities and publicly-owned institutions to restructure debt under federal bankruptcy law. While the island's legislators and activists have long wanted bankruptcy protection, the creation of such a powerful oversight board immediately prompted a strong and negative reaction among the island's politicians and activists. "The bill introduced by Chairman Hatch imposes a federally-appointed board that would have virtually total control over financial decision-...
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