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Puerto Rico extends water restrictions as drought worsens – Fx Report Daily

With Puerto Rico’s financial crisis escalating and statehood a masochistic fantasy, a multi-year transition to independence is the island’s best viable option. The island’s Government Development Bank (GDB) forked out only 8,000 of the million debt. The price of the commonwealth’s newest general-obligation bonds fell near a record low, with the island pushed to the …
Source: www.forexreportdaily.com

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Miami heat hits housing

The city had 1,390 sales in June, an 8.6 percent jump from a year ago and a new one-month high, beating the mark set in June 2005 during the height of the last housing boom, according to the Miami Association of Realtors.
Source: www.cnbc.com

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