More than 70% of US Municipal Bond holders are exposed to Puerto Rican debt, in excess of $1 billion. Operating in an environment with no oversight or regulation, this powerful group of private investors do not want any default on their bonds and expect a return of 100% or more. There is a dawning realisation within the White House that Puerto Rico cannot simply be abandoned like a failed Casino. Yet again, we see the way in which pure unregulated capitalism is creating unmitigated misery.
Google has come under scrutiny by free-speech advocates for shutting down neo-Nazi website, Daily Stormer, seemingly too distracted to notice the tech giant has been waging a censorship campaign against progressive news organisations that publish content which conflicts with the narrative of the Washington establishment, along with Facebook and Twitter, on the grounds of ‘fake news’.