Those darn spirals! When they’re positive spirals, they feel great. It feels like you can’t do anything wrong. But the negative spirals are the worst. One misstep seems to lead to another. In today’s show, we talk about getting out of negative spirals and into positive spirals.
Puerto Rico governor declares debts “not payable” By David Brown
On Sunday evening the governor of Puerto Rico, Alejandro García Padilla of the Popular Democratic Party, announced that the US commonwealth would need to restructure its $72 billion in debt. The island of 3.5 million people has been in a deep economic crisis since 2006, experiencing high unemployment, large-scale emigration and severe austerity measures. Between 2004 and 2014 Puerto Rico …