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America’s Un-Greek Tragedies in Puerto Rico and Appalachia 08/03/2015

http://muni360.com/americas-un-greek-tragedies-in-puerto-rico-and-appalachia/

America’s Un-Greek Tragedies in Puerto Rico and Appalachia So is Puerto Rico America’s Greece? No, it isn’t, and it’s important to understand why.

Mayor de Blasio: Feds must rescue Puerto Rico 07/31/2015

http://muni360.com/puerto-rico-feds/

Mayor de Blasio: Feds must rescue Puerto Rico Just days before Puerto Rico is expected to default on billions of dollars in debt, New York City Mayor Bill de Blasio demanded the Feds immediately come to the island's fiscal rescue.

Municipal Bond Funds Face More Stress 07/28/2015

http://muni360.com/municipal-bond-funds-face-more-stress/

Municipal Bond Funds Face More Stress But as with each recent challenge, managers of municipal bond funds expect the market to power through. Even though most funds own Puerto Rican bonds, the average amount is 3.4 percent of total assets, among funds with any at all.

A Caribbean Fuse 07/08/2015

http://muni360.com/a-caribbean-fuse/

For more than two years Alejandro García Padilla, Puerto Rico’s governor, told the island’s creditors what they wanted to hear. The autonomous American territory, he said, had a “moral obligation” to service its $72 billion debt. It could not default on its “general-obligation” bonds, he added, because its constitution gives payments on them priority over all other expenses.

A Caribbean Fuse America’s minimum wage applies in the Caribbean territory, but local workers are less productive than their counterparts on the mainland (the minimum wage is equivalent to 77% of Puerto Ricans’ average income).

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