Everyone in Trumpworld Knows He’s an Idiot – The New York Times

One of the more alarming anecdotes in “Fire and Fury,” Michael Wolff’s incendiary new book about Donald Trump’s White House, involves the firing of James Comey, former director of the F.B.I. It’s not Trump’s motives that are scary; Wolff reports that Ivanka Trump and Jared Kushner were “increasingly panicked” and “frenzied” about what Comey would…

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How Puerto Rico power outage affects citizens after Hurricane Maria – Washington Post

Puerto Rico’s apagón, or “super blackout,” is the longest and largest major power outage in modern U.S. history. Without electricity, there is no reliable source of clean water. School is out, indefinitely. Health care is fraught. Small businesses are faltering. The tasks of daily life are both exhausting and dangerous. There is nothing to do but…

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Puerto Rico could seek to invalidate over $4 billion in debt – MarketWatch

An audit report published on Thursday suggests that debt-laden Puerto Rico may be able to void some of its borrowing because politicians exceeded constitutional debt limits and their own authority. The report, shared with MarketWatch, states that some of Puerto Rico’s debt may have been issued illegally, allowing the government to potentially declare the bonds…

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Another fine debt crisis | The Economist

IN 2013 Alejandro García Padilla, the governor of Puerto Rico, did his best to tell the territory’s jittery creditors what they wanted to hear. He called servicing the American-controlled Caribbean island’s $72 billion debt load a “moral obligation”. He reassured holders of its general-obligation (GO) bonds that the government could not default on them even if…

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