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First Default By U.S. Commonwealth In History: Puerto Rico Makes Only 1% Of Required Debt Payment

August 3, 2015

First Default By U.S. Commonwealth In History: Puerto Rico Makes Only 1% Of Required Debt Payment Over the weekend Puerto Rico was supposed to make a modest principal and interest payment of some $58 million due on Public Finance Corp. bonds, which however few expected would be satisfied. As a reminder, on Friday, Victor Suarez, […]

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‘Peak Debt’ At Work: Savings at the Pump Are Staying in Consumer Wallets

February 2, 2015

‘Peak Debt’ At Work: Savings at the Pump Are Staying in Consumer Wallets Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers’ persistent caution even when presented with an unexpected windfall. This newfound commitment to frugality was illustrated this past week when the nation’s […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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