Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From Privatization on the Island.
Citi “has been profiting from helping push Puerto Rico over the edge for a long time,” said Carrie Sloan of the Action Center on Race and the Economy.
Kate Aronoff
Kate Aronoff is a contributor to The Intercept and a writing fellow at In These Times covering climate and American politics
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The Stock Market Swings Tell You Everything You Need to Know About Our Rigged Economy
The stock market panicked largely because corporations fear they’re losing the upper hand over a workforce that’s cutting increasingly into their profits.
Hedge Fund-Driven Austerity Could Come Back to Bite the Hedge Funds Driving it in Puerto Rico
Hedge funds tanking the economy are hurting themselves in the process.
Puerto Rico Governor Seizes Opportunity Created by Hurricane Maria, Plans to Privatize Electric Power
Puerto Rico plans to sell off public assets, a common tactic for economically troubled governments ensnared in some kind of debt peonage.
Stunning Special Election in Wisconsin Shows Scott Walker's Foxconn Deal Isn't the Political Winner It Was Sold as
Wisconsin Democrats ran against the governor's corporate welfare project to build a Foxconn factory at the expense of taxpayers and the environment.
Puerto Rico Utility Workers Charge That Federal Government Is Hoarding Reconstruction Supplies
Puerto Rico's electric utility workers' union wants the USACE to release a full inventory of the supplies recovered on January 6.
Armed Federal Agents Enter Warehouse in Puerto Rico to Seize Hoarded Electric Equipment
The Puerto Rico Electric Power Authority had an uninvited guest come by and seize thousands of pieces of badly needed parts.
"Star Wars: The Last Jedi" Takes a Side in the Class War
“The Last Jedi” is a “Star Wars” film for populist times, a remake of the 2016 Democratic presidential primary.
GOP Tax Plan Could Devastate Puerto Rico's Manufacturing Sector With One Line
By yanking a critical subsidy for Puerto Rico, the GOP tax plan could pound the island at the worst possible moment.
EPA Hosts the Beginning of the End of the Clean Power Plan in Coal Country
Scott Pruitt sued the Obama administration over the Clean Power Plan in his role as Oklahoma attorney general. Now, as EPA head, he's pushing for repeal.