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Puerto Rico’s First-Ever Bond Default Exposes Island’s ‘Debt Colony’ Status

Puerto Rico’s First-Ever Bond Default Exposes Island’s ‘Debt Colony’ Status

Published on Wednesday, August 05, 2015 by Common Dreams by Sarah Lazare, staff writer Just a month after Governor Alejandro García Padilla said it will be impossible for Puerto Rico to climb out of its $72 billion in debt, the government this week missed a bond payment for the first time ever, compounding a political and economic crisis that analysts […]

Despite Epic Crash of World Economy, White Collar Prosecutions at 20-Year Low

Despite Epic Crash of World Economy, White Collar Prosecutions at 20-Year Low

Published on Tuesday, August 04, 2015 by Common Dreams by Deirdre Fulton, staff writer Despite lofty rhetoric from politicians who vowed in the aftermath of the 2008 financial crisis to hold Wall Street accountable, U.S. Justice Department statistics show a “long-term collapse” of federal white collar crime prosecutions, which are down to their lowest level in 20 years, according […]