The debt problem is most acute in low- and middle-income countries where debts were already too high before the pandemic.
The lesson from day one still holds: until the virus is defeated, there can be no return to normal.
The "phase one" deal addresses only some U.S. concerns. Remaining demands will be much harder to resolve.
The U.S. and Puerto Rico need to address structural issues that have been impeding economic growth and formal employment.
The Jones Act—which allows only American ships to transport goods between U.S. ports—is a drag on the national economy.
His consideration of additional tariffs on imported automobiles should worry a wide range of U.S. industries.
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