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What can be done for poor Puerto Rico?

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Standard & Poor's has downgraded the debt of Puerto Rico's government to junk status, as Reuters's Ryan McCarthy reports. That may be overdue: Puerto Rico's debt has been trading at junk prices since September, and it appears that in order to sell further bonds, Puerto Rico will have to promise to pay 10 percent interest. That's a major problem for investors, because Puerto Rico bonds,...

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