Puerto Ricanstruction: Federal Court Cases Determine Human Rights and Creditors' Rights
Last Friday, the federal judge appointed by the Supreme Court to oversee Puerto Rico’s debt upheld the legitimacy of the federal board tasked with repayment. The lawsuit was brought forward by Aurelius Capital Management which owns $500 million of Puerto Rico’s $70 billion bonds. The government of Puerto Rico is struggling to pass its own budget, as the board tries to push its own into the territory. Earlier this month, the same judge also ruled against the U.S. Civil Rights Commission which expressed concern that the debt restructuring process didn’t protect the rights of U.S. citizens on the island. Each Monday, during the 2018 hurricane season, Worldview presents a series calledPuerto Ricanstruction. This week, we’ll talk with Yarimar Bonilla author of Non-Sovereign Futures: French Caribbean Politics in the Wake of Disenchantment and a founder of the Puerto Rico Syllabus. She is an associate professor of anthropology and Caribbean studies at Rutgers University.