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America’s Greece? Part 3, Better hired at five than not hired at seven
[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As the two earlier posts have shown, Puerto Rico is insolvent, and in default, and its history of continuous budget...
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America’s Greece? Part 4, A friend of the debtor is a friend of mine
[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith In these earliest days of Puerto Rico’s unofficial bankruptcy, the offstage maneuvering is taking place;...
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America’s Greece? Part 5, Six for six on advantages
[Continued from yesterday’s Part 4 and the preceding Part 1, Part 2, and Part 3.] By: David A. Smith By now readers will have gleaned that by contrast with Greece, which wanted its debts restructured...
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Month in Review, August 2015: Part 1, Enduring assets
By: David A. Smith For a month in which normal people (e.g. those not obsessed with blogging) go on vacation, August contained plenty of material related to affordable housing, starting with the...
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Month in Review, August 2015: Part 2, Lingering debts
By: David A. Smith [Continued from yesterday’s Part 1.] The true mystery of capital lies in its mutability: property can be turned into money, money into chattel, chattel into property, and all through...
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