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Leid Stories—Puerto Rico’s Debt Crisis Deeply Rooted in Imperialism—05.17.17

A federal court in San Juan, Puerto Rico, today will consider the views of the island’s government, lawmakers and creditors on developing bankruptcy-like plans to deal with a $72-billion debt load and to cover a looming $50-billion shortfall in pension obligations. The hearing, coming more than two years after Puerto Rico’s debt alarm was sounded, won’t finalize anything; rather, it …