Puerto Rico has been facing huge debts and population loss for some time. However, in a historic move that will likely trigger a fierce legal battle, the island territory declared bankruptcy.
1. According to the article, what were the main debts it listed in its filing?
2. How many jobs and what amount of population has Puerto Rico lost since 2007?
3. What is the unemployment/under-employment rate and what amount of people are on Medicaid in Puerto Rico?
4. According to the article, What will happen to investors and pensioners in Puerto Rico?
Bomey, N. (2017). Puerto Rico declares bankruptcy. Here’s how it’s going to unfold. USA Today, May 3 (Retrievable online at https://www.usatoday.com/story/money/2017/05/03/puerto-rico-bankruptcy/101243686/)