Puerto Rico’s economic activity down 1.1% in May
June 30, 2014
The Government Development Bank released late Friday the Economic Activity Index for the month of May, which reflected a 1.1 percent year-over-year reduction, slightly lower than the 1.3 percent on record for April.
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Puerto Rico agencies showered with credit downgrades
June 30, 2014
The U.S. mainland’s three credit ratings agencies showered Puerto Rico with downgrades and warnings of further revisions Friday, upholding a trend that began a day earlier in response to the filing of a bill paving the way for the restructuring of fiscally troubled public agencies.
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Op-Ed: Nice try, but a federal fix is probably necessary
June 30, 2014
Shakespeare was right about one who protests too much: When denials are emphatic, it’s probably wise to believe the opposite.
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