As Puerto Rico Moves On, another U.S. Territory Crisis Arises


‘The U.S. Virgin Islands is grappling with some of the same forces that pushed its closest American neighbor into a cascading series of defaults. The island’s bonds were cut to junk by S&P Global Ratings, which is mulling another downgrade over the growing fiscal distress in the region. ‘ …. JAW DROPPING!!

Repeating Islands

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[Many thanks to Michael O’Neal for sharing this link via Slavery, Smallholding and Tourism.] You’ve got to take their title and first sentence with a lump of salt but, in this article, Bloomberg reports on the plight of the U.S. Virgin Islands, stating that “just as a federal control board moves to steady the ship in Puerto Rico, another U.S. territory appears in need of a lifeline, too.”

The U.S. Virgin Islands is grappling with some of the same forces that pushed its closest American neighbor into a cascading series of defaults. The island’s bonds were cut to junk by S&P Global Ratings, which is mulling another downgrade over the growing fiscal distress in the region. Meanwhile, Puerto Rico is moving closer to restructuring its $70 billion debt after the U.S. board overseeing its finances issued a framework to pull the commonwealth out of crisis and resumed talks with…

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About Dr. Rex

I'm originally from Puerto Rico. I was born in Santurce and raised in Rio Piedras. Have lived in Florida since 1999. I have a doctorate degree in Medicine; completed in 1976. My Internal Medicine specialty was completed in 1979. Worked for Puerto Rico's health system until 1985. At this time, I'm happily retired after working for the federal government for almost 28yrs. I want to offer any knowledge that I have to anyone "out there" who is interested. My views are liberal in almost every sense. My knowledge is "eclectic" - a bit of everything. Music and reading are my passion. Blogging has also become a very interesting endeavor. Metaphysical topics attract me. I'm interested in news reporting human issues like injustice, discrimination and abuse - the "wrongly" affected. My intention is to bring this knowledge to an understandable level and to help anyone in need. I'm open to questions and will answer them to the best of my ability. Currently working on an enterprise whose main mission will be to bring peoples of all walks of life together. To be one .... since we ALL are ONE!! The future looks bright and promising!!!

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