While Wall Street vultures circle amid an ongoing humanitarian crisis and try to entice Puerto Rico with “relief” offers in the form of more debt, advocates for economic justice are demanding immediate debt relief and federal stimulus spending to rebuild the island’s devastated infrastructure. “Puerto Rico needs immediate humanitarian assistance before many more lives are…
The hurricane-caused devastation in Roseau, capital of Dominica. Photo: Wikimedia Commons We have lost all that money can buy and replace, said Roosevelt Skerrit, the prime minister of Dominica, where 98 per cent of the buildings are damaged. Dominica is already heavily indebted, and the IMF ranked the island as at high risk of a…
A third of young people feel more anxious now than this time last year, according to a study that found the prospect of Britain leaving the European Union, money worries and the cost of housing have magnified doubts about future prospects. The rise in anxiety sits alongside figures showing that around half of young people…
Puerto Rico, facing absolute devastation after Hurricane Maria barreled through last week, desperately needs immediate funding to restore critical infrastructure, particularly its hobbled electric grid. The entire island home to over 3.5 million American citizens, roughly equivalent to the state of Connecticut lost power, and satellite imagery shows how little electricity has come back. This…
Share Tweet Share Share Share Print Email With millions of Americans shackled by massive student loan debt, one home lender is trying to entice potential buyers by paying off a chunk of their student loans when they purchase a home. According to news in The Wall Street Journal, Eagle Home Mortgage a subsidiary of Lennar…
Jenni Woods has had a tough life, but hoped a veterinary nursing course would set her up for a bright future. The 58-year-old has severe epilepsy and when her symptoms subsided in May 2014 she enrolled in a course at Open Colleges. Jenni was slugged $5487 for a course at a private college that she never started,…
San Juan’s mayor urged the United States to prioritise “people above debt” as it helps rebuild from the devastation of Hurricane Maria, after President Donald Trump said that the island’s crippling debt “must be dealt with.” Maria slammed into the US territory of 3.4 million people last week as the most powerful hurricane to Puerto…
US PRESIDENT Donald Trump is finally tweeting about hurricane-ravaged Puerto Rico but his message has sparked outrage among residents struggling with the devastation. Hurricane Maria slammed into the US territory of 3.4 million people last week, the most powerful hurricane to hit Puerto Rico in almost 90 years, destroying homes and knocking out power. Amid…
Formal debt resolution tools Get Our Free Money Tips Email! For all the latest deals, guides and loopholes – join the 12m who get it. Don’t miss out Amy | Edited by Johanna Updated August 2017 “); } var overlay = $(“.popupOverlay”); function popUpDiv(popID) { if(openDiv){ if(openDiv!=popID){ closePopupDiv(openDiv); } } var scrollTop = getScrollY(); var…
Only a few days after heaving a collective sigh of relief when Hurricane Irma narrowly skirted Puerto Rico, the U.S. territory has suffered its worst storm in a century. The passage of Hurricane Maria over the islands that comprise Puerto Rico has led to a massive breakdown in infrastructure of all sorts. From electricity to…