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Puerto Rico is at risk of defaulting on a $400 million debt payment due May 1, 2016. House Speaker Paul Ryan pledged to have a plan ready by then to help Puerto Rico find a way to repay its debt. Many people have started predicting what a collapse of the Puerto Rican economy will mean for bond markets and the U.S. economy. There is currently a plan in Congress to set up a process to restructure Puerto Rico’s debt. Listen to learn more about this crisis and how it might be solved.
Story Length: 3:54
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October 7, 2015
3:17
When Donald Trump announced he was running for President he made derogatory remarks about Mexican immigrants, characterizing them as criminals. The Latino community responded not with riots and protests, but with their economic power. In reaction to Trump’s remarks, companies that see a lot of revenue from Latino customers pulled out of Trump owned products or events. Macy’s will no longer carry Trump’s menswear line, NBC will no longer allow him to host and Univision will no longer air beauty pageants that he partially owns. Latinos’ purchasing power is expected to reach $1.5 trillion this year. Listen to hear more about how Latinos are using their economic influence.
Read MoreApril 28, 2014
7:31
The level of college debt has risen in the last 20 years, where students now have to choose between overwhelming student loans or community colleges. Reform can start by fixing the financial aid system.
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