“Friday has become a day of self-imposed imprisonment.” – Riham Ibrahim, Egyptian housewife “Presenting money and weapons to al Qaeda (in Syria) by Qatar and Turkey is a declaration of armed action …

The relatively generous settlement with the sales-tax backed bonds (COFINA) has reduced the funds available for everyone else.

Puerto Rico faced immense challenges even before the devastation from Hurricane Maria. Its economy is 15 percent smaller now than it was ten years ago, and the latest high frequency indicators from t…

President Trump is right to worry that disaster aid will end up bailing out the holders of Puerto Rico's bonds, but there are better solutions to that particular problem than cutting off disaster aid…

Puerto Rico’s government and the bulk of the holders of Puerto Rico’s Sales tax backed bonds (COFINA) appear to have reached agreement on restructuring terms (details here). The deal will reduce Puer…