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Puerto Rico Blues
Puerto Rico Blues
Puerto Rico’s Rolling Catastrophe

Puerto Rico bondholders are in for an unpleasant start to 2016 as the island announces that it will default on some of its debt payments due on New Years Day.

Puerto Rico Blues
Puerto Rico Narrowly Avoids Default—Sort of

Puerto Rico managed to avoid complete default because of the creativity of its politicians and bankers, not because it suddenly discovered some extra cash or figured out how to balance its spreadsheets.

Puerto Rico Blues
Time to Choose: Statehood or Independence

The U.S. Treasury is considering issuing Puerto Rico a “superbond,” which would give bondholders some security in exchange for taking a haircut. In the long term, however, Puerto Rico should be moving toward either statehood or independence.

Puerto Rico Blues
Liberal Democrats Push Puerto Rico Oversight

The U.S. Congress needs to conduct a thorough review of the policies and laws governing Puerto Rico.

Puerto Rico Blues
Chapter Nine for Puerto Rico?

Puerto Rico needs to have any financial relief tightly tied to serious, far-reaching reforms. Blank check bankruptcy protection, such as the kind being floated by Governor Andrew Cuomo, just won’t do.

Puerto Rico Blues
Treasury Secretary on Puerto Rico: It’s Chapter Nine Time

Treasury Secretary Jack Lew tells Congress no federal bailout for Puerto Rico is in the offing, but urges it to grant the commonwealth access to federal bankruptcy courts instead.

Puerto Rico Blues
A Greece of Our Very Own

Puerto Rico’s governor: We cannot pay our debts. The math doesn’t work.

Puerto Rico Blues
Puerto Rico’s Health Care Woes

Puerto Rico’s finances are already in crisis, but a looming cut to Medicare reimbursement rates might deepen the catastrophe.

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Recent Via Meadia
Walter Russell Mead & Staff
Putin's Patronage

The rebound of Russia’s largest oil company appears to be a major success story, but the truth is more complicated.

TAI elsewhere

Jason Willick on the inadequacy of the donor class vision for the Republican Party.

Regulate Don't Kill

Trying to apply blue model thinking to post-blue problems is foolish.

A New Cud to Chew

Feeding cows seaweed could cut out 99 percent of their methane emissions.

Trouble in Brussels

After threatening Putin with new sanctions over Syria, European leaders discover they lack the political will to deliver.

The United States is now going to have to figure out how to help Venezuela avoid completely melting down, with the Venezuelan strongman still at the helm.

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