If Atlanta's Mayor Kasim Reed had just followed the law and the court's ruling, his recent spat with street vendors would never have become national news.
An October 25 article for CNBC predicted that gas prices, down significantly from where they were in April, would continue to slide by at least another 10 cents per gallon, perhaps more. That would bring the national average price, currently at $3.29 a gallon, closer to $3, with some places in the country enjoying even lower prices.
The economic problems facing Puerto Rico are the same problems facing the United States, and they are caused by the same things.
Even in the event of a pending default, the Treasury will not be selling any of its gold reserves to pay the government’s bills.