{"id":51030,"date":"2015-12-21T08:59:41","date_gmt":"2015-12-21T13:59:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=51030"},"modified":"2015-12-21T08:59:41","modified_gmt":"2015-12-21T13:59:41","slug":"inside-the-billion-dollar-battle-for-puerto-ricos-future","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2015\/inside-the-billion-dollar-battle-for-puerto-ricos-future.html","title":{"rendered":"Inside The Billion-dollar Battle For Puerto Rico\u2019s Future"},"content":{"rendered":"<p>(New York Times) The money poured in by the millions, then by the hundreds of millions, and finally by the billions. Over weak coffee in a conference room in Midtown Manhattan last year, a half-dozen Puerto Rican officials exhaled: Their cash-starved island had persuaded some of the country\u2019s biggest hedge funds to lend them more than $3 billion to keep the government afloat. There were plenty of reasons for the hedge funds to like the deal: They would be earning, in effect, a 20 percent return. And under the island\u2019s Constitution, Puerto Rico was required to payback its debt before almost any other bills, whether for retirees\u2019 health care or teachers\u2019 salaries&#8230;..<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2015\/12\/20\/us\/politics\/puerto-rico-money-debt.html?ribbon-ad-idx=4&#038;src=trending&#038;module=Ribbon&#038;version=origin&#038;region=Header&#038;action=click&#038;contentCollection=Trending&#038;pgtype=article&#038;_r=0\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(New York Times) The money poured in by the millions, then by the hundreds of millions, and finally by the billions. Over weak coffee in a conference room in Midtown Manhattan last year, a half-dozen Puerto Rican officials exhaled: Their [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51030","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51030","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51030"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51030\/revisions"}],"predecessor-version":[{"id":51031,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51030\/revisions\/51031"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}