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Wednesday, January 24, 2018

Puerto Rico utility sale sets up fight with creditors

NEW YORK (Reuters) - The Puerto Rican governor's plan to privatize PREPA, the island's bankrupt power utility, could herald hard times for holders of its $9 billion in bonds, who are concerned the deal could strip their ability to collect on their investments.


from Reuters: Business News http://ift.tt/2DsYGhH

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Faisal Islam: Benefits changes mean a million people will be thousands of pounds worse off

These plans are more geared towards making budgetary numbers add up than fundamental welfare reform. from BBC News https://ift.tt/KvsI9qx ...