{"id":48406,"date":"2015-05-21T08:10:53","date_gmt":"2015-05-21T12:10:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=48406"},"modified":"2015-05-21T08:15:36","modified_gmt":"2015-05-21T12:15:36","slug":"hedge-fund-vultures-to-the-rescue-in-puerto-rico","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2015\/hedge-fund-vultures-to-the-rescue-in-puerto-rico.html","title":{"rendered":"Hedge Fund Vultures to the Rescue in Puerto Rico"},"content":{"rendered":"<p>Bloomberg &#8211; Bring ice skates on your next trip to Puerto Rico. There\u2019s a sweet public rink in Aguadilla that claims to be the only place to skate year-round in the Caribbean. \u201cThis is a great way to spend some time,\u201d one tourism website says, \u201cespecially if it is raining, or it is too hot, or you are too sunburned to go to the beach.\u201d It takes a lot of energy to maintain a skating rink in the tropics, but that\u2019s not a problem: The city of Aguadilla isn\u2019t paying for its electricity. The Puerto Rico Electric Power Authority provides power to Aguadilla and other municipalities in lieu of paying taxes. It bills them when the value of the electricity exceeds what it owes in lieu of taxes, as has happened for the past several years. But the towns aren\u2019t paying. Starved for revenue, Prepa is at risk of default on $9\u00a0billion in debt.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-05-21\/puerto-rico-hedge-fund-vultures-to-the-rescue\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bring ice skates on your next trip to Puerto Rico. There\u2019s a sweet public rink in Aguadilla that claims to be the only place to skate year-round in the Caribbean. \u201cThis is a great way to spend some [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48406","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=48406"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48406\/revisions"}],"predecessor-version":[{"id":48409,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48406\/revisions\/48409"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=48406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=48406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=48406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}