Puerto Rico’s Financial Woes Revive Calls for Independence

His ancient enmities are now fresher than ever because of the island’s catastrophic $72 billion debt, which has placed Puerto Rico into what amounts to federal receivership. A seven-member panel appointed by Congress and President Obama will soon hold sway over the island and its finances, which collapsed after years of long-term borrowing to cover rising short-term costs. To longtime nationalists like Mr. Cancel Miranda, it is yet more proof that colonialism is alive and well here.

This post was published at NY Times