Puerto Rican debt in Courts of Law

"We cannot simply turn off the lights and close the door on Puerto Rico," says judge in Puerto Rico debt case: https://t.co/9fFZPClNqe

— Puerto Rico Report (@PRicoReport) May 23, 2017

As many started to believe that Puerto Rico would be facing more and more debts, a flicker of hope resurfaces after the first day in Federal Court. The point of this trial being, to reduce its $123 billion in bond debt and unfunded pensions. The Judge assigned to this case, Judge Swain said that “Failure, frankly, is not an option,” and, “We cannot simply turn off the lights and close the door on Puerto Rico.” she concluded encouragingly.

McDonald’s joins parade boycott

You're not alone. Thousands of Puerto Ricans in NY, Puerto Rico and other states are taking note of this and taking it very seriously.! https://t.co/AeSogxykZ7

— Miriam Ramirez (@mjean2) May 24, 2017

As we have seen in earlier tweets regarding the New York parade honoring Puerto Rico, many people were trying to boycott it, (hispanic police) due to the fact that they were also honoring Oscar Rivera Lopez. Now, McDonald’s stated that they too will not want to be participating by not sponsoring the parade.

University of Puerto Rico president resigns, strike continues

University of Puerto Rico chief quits rather than be arrested for failing to reopen https://t.co/qoY3rxwR5u #muniland

— Andrew Scurria (@AndrewScurria) May 23, 2017

A couple hours before facing the arrest due to failing at reopening the University that had been locked by students for strikes for over 2 months, Nivia Fernandez President of the University of Puerto Rico, decided to resign. In her resignation letter she stated, “I have full confidence in a prompt and fair conclusion to the current and unusual situation that we find ourselves in.”

Budget cuts in Puerto Rico, affecting all

#PuertoRico's filing for debt restructuring includes warnings of not being able to keep essential services running. https://t.co/6kvQpEHjuu pic.twitter.com/kjWrDpqGcK

— Pasquines (@Pasquines_US) May 23, 2017

From Education to water, the Puerto Rican government is performing as many budget cuts as possible, in the hopes to fix their debts. Things are looking cruel, as a basic need such as water will be impacted, as well as schools closing, salaries declining (for police officers), and pensions (affecting the elderly too). No Puerto Rican residing on the Island, will not be touched by the many cuts.

Exodus of young Puerto Rican Veterans to the US

.@hfranqui: "Too Many Of Puerto Rico's Veterans Are Moving Away" | NBC News https://t.co/8twlW4h7vr

— J. Rodriguez-Suarez (@JRSwrites) May 29, 2017

As opposed to Veterans from older generations, who would come back home to their lands in Puerto Rico after their services, the young Veterans now opt to move to the US as they finish their service.

The departure of young Veterans will impact its economy too,  as the young men and women will not be starting new businesses on the Island, or continuing studies that could help grow Puerto Rico.