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| Economy |
| Puerto Rico's governor tells US Senate the island cannot repay debts |
| 2015-12-02 |
| [THEGUARDIAN] As territory grapples with $72bn debt and a payment due Tuesday, Alejandro García Padilla calls island’s emergency financial measures ‘unsustainable’ |
| Posted by:Fred |
| #5 W-i-l-l the Bammer + US Congress help PR out of its dilemma ... * YAHOO NEWS > [Reuters] WATCH FOR US RECESSION, ZERO CHINESE INTEREST RATES NEXT YEAR [2016]. CITI SAYS. Citi claims there is a 65% probability of US recession in 2016. * SINA DEFENCE > EXPERTS: BEIJING SHOULD DEMAND HANDOVER OF PUERTO RICO AS CHINA'S SOVEREIGN TERRITORY IFF CHINA WAIVES OR PAYS OFF ISLAND'S DEBT BURDEN. versus * DEFENCE.PK/FORUMS > CHINESE BOMBER EXERCISE ADDIRMS AIR-DEFENCE IDENTIFICATION ZONE [East China Sea], PENETRATES INTO SECOND ISLAND CHAIN| IHS JANES 360. Large PLA/PLAAF Air Fleet, wid main element of 8 H-6K LR ALCM-carrying Strategic Bombers + ELINT, split into two separate groups of 4 H-6K's each - one flew to affirm China's already pre-existing ADIZ in East China Sea as declared in 2013, the second suppos flew 1000-kms into WESTPAC towards GUAM-CNMI + MARIANAS = "SECOND ISLAND CHAIN", IIUC Artic to widin effective ALCM strike or attack range of GUAM. * RELATED WORLD MILITARY FORUM > JANES SAID PLAAF [Armed] H-6K BOMBERS FLEW INTO "SECOND ISLAND CHAIN" [Guam-CNMI-WestPac], CHINA DEMONSTRATES ITS ABILITY TO STRIKE OR REACH GUAM. CHINA'S CURRENT + NEWEST GENERATION OF LR NUCLEAR SUBMARINES AND BALLISTIC MISSLES THAT CAN DESTROY GUAM. |
| Posted by: JosephMendiola 2015-12-02 21:58 |
| #4 Lest we fergit, ITS NOW THE US-VS-CHINA-VS-NUCLEAR-ISLAM IN ASIA-PACIFIC, albeit safe to say or argue that the "US-vs-China" competition, rivalry will likely be the priority. At least until the Hard Boyz take over Russia, China, + India, etc. + their respective Nuclear Arsenals. As a reminder ... * DEFENCE.PK/FORUMS = RUSSIA, CHINA. + PAKISTAN IS THE NEW SUPERPOWER AXIS. What happened to IRAN? IS IRAN NOW DEEMED BY DARTH VLAD/VLADVEDEV, XI, + WE'RE-SUPPOSED-TO-BE-THE-WORLD'S-FIRST-MUSLIM/ISLAMIC-NUCLEAR-SUPERPOWER-NOT-SHIA-IRAN SUNNNI PAKISTAN TO BE ON THE US-NATO OR US-ALLIES CAMP??? POPCORN FOR XMAS! |
| Posted by: JosephMendiola 2015-12-02 20:02 |
| #3 Heck, I'd trade Hawaii to the Chinese for all the debt they're holding. You don't want to be American, so be it. See how the Chinese treat Tibetans. As for Puerto Rico, it's what happens when you run out of other peoples money (to include indenturing your children and their children by 'bonding') to make political hay today. |
| Posted by: Procopius2k 2015-12-02 09:39 |
| #2 So...We're gonna keep borrowing and spending but not repay our debt. Have we heard this story before? And by the way...Which major Brokerage Firm sold off all those bonds? That's going to be the big story! |
| Posted by: jvalentour 2015-12-02 09:37 |
| #1 Given this demonstration, and the economic straits of Micronesia in general, I wonder why the native Hawaiians want a vote for independence. Are the pricing supports for pineapple set too low? |
| Posted by: Skidmark 2015-12-02 06:42 |