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Misery deepens for those in Puerto Rico who can't leave
My Way News
Danica Coto / Associated Press
8/3/2015
Excerpts:
SAN JUAN, Puerto Rico (AP) — Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering Caribbean morning.
He's turned off the air conditioning to lower his power bill. With fewer customers, he's cut staff hours and tried to make up the lost income by raising some prices. But Puerto Rico's entrenched economic crisis is leading people to either cut their personal spending to the basics or flee to the mainland to search for jobs, contributing to the struggles of those left on the island.
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A $58 million bond payment due Saturday went unpaid. If defaults continue, analysts say Puerto Rico will face numerous lawsuits and increasingly limited access to markets, putting a recovery even more out of reach.
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View the complete article, including images, at:
http://apnews.myway.com/article/2015...823c00398.html
My Way News
Danica Coto / Associated Press
8/3/2015
Excerpts:
SAN JUAN, Puerto Rico (AP) — Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering Caribbean morning.
He's turned off the air conditioning to lower his power bill. With fewer customers, he's cut staff hours and tried to make up the lost income by raising some prices. But Puerto Rico's entrenched economic crisis is leading people to either cut their personal spending to the basics or flee to the mainland to search for jobs, contributing to the struggles of those left on the island.
...............................................
A $58 million bond payment due Saturday went unpaid. If defaults continue, analysts say Puerto Rico will face numerous lawsuits and increasingly limited access to markets, putting a recovery even more out of reach.
...........................................
View the complete article, including images, at:
http://apnews.myway.com/article/2015...823c00398.html