Maria's 'Other' Victims: Puerto Rican Bondholders By Eoin Higgins

11 October 2017 — FAIR

CNBC: If you don't think you own Puerto Rico debt, you're most likely wrong

CNBC (10/4/17) assumes that “you” are among the “more than 500,000 individual bondholders” or the “hundreds of thousands more investors with small exposure through mutual funds”—despite the fact that it gets 43 million visitors a month.

With crushing debt threatening to annihilate its economy (CounterSpin, 7/31/15, 5/12/17), the island of Puerto Rico was already desperate. Then came Hurricane Maria, the September storm that tore through the US colony, leaving most of the island’s residents without power and many without water. The official death toll on the island from the Category 4 storm that packed winds of up to 155 miles per hour is at 43—and hospitals and funeral homes have said that the toll is significantly underreported.

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Before Maria, forcing Puerto Rico to pay its debt was odious. Now, it’s pure cruelty

4 October 2017 — Climate & CapitalismGreen Social Thought

Cancel the debt now!

To expect Puerto Rico to rebuild from this unnatural disaster while at the same time bailing out Wall Street financiers is to condemn its residents to a permanent state of crushing hardship and impoverishment.


by Stan Cox and Paul Cox

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Reasons To Be Uncheerful By S. Artesian

19 June 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor

Three months ago, the Hellenic Parliament in Greece decided to establish the Truth Committee on the Public Debt to examine the origin of the accumulation of that negative value, of capital’s anti-matter called debt, that has, pretty much, sucked Greece into a black hole.

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The Shorty Long of It By S. Artesian

5 March 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor 

1.  The Short

Submit the “reform package” agreed to by Syriza government to the parliament for a vote
No to the “reform package” agreed to by the Syriza ministers
–No confidence in the Syriza government
–Repudiate the debt, the MFFA, and the reforms in their entirety.

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The Cat in the Box: Quantum Social Democracy and the Uncertainty Principle By S. Artesian

28 February 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor

Richard Seymour, VIB, wrote on SIP Louis Proyect’s chat-list:

No formal count was taken at this meeting, but according to Stathis Kouvelakis, 30 MPs were out of the room when the vote was taken and 40 abstained or voted against.  If this is right, then a third of those present voted against.  He recounts that most speakers – some 80 MPs – criticised the deal, in an emotional and turbulent meeting that went on for 12 hours.

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Yani and the Hand Jive By S. Artesian

27 February 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor

I know a cat named Doctor Yani…

He’s got a real cool job, jivin’ for money
He knows just what makes the eurozone tick
He does that hand jive just for kicks

On Tuesday, February 24, 2015,  the Syriza government of Greece presented its “first comprehensive list of reform measures” to the president of the Eurogroup.  The Eurogroup is what  the committee made up of the finance ministers of countries using the euro as currency is called when it actually meets.

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24 hours late, and € 240 billion short

24 February 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor 

1. A day late and more than a dollar short, Yanis Varoufakis submitted a “program” of reforms to the Eurozone finance ministers (Eurogroup) regarding the Greek government’s development and implementation of tax policies, public finance management, revenue administration, public spending, social security reform, public administration and corruption, instalment schemes, labor market reforms, product market reforms, better business environment, judicial system reforms, banking and non-performing loans, privatisation and public asset management, statistics, and last and certainly least,  the humanitarian crisis where Yanis sums it up perfectly, puts a cherry on it, wraps it with a bow, seals it with a kiss

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