Puerto Rico: Economy Tanks, Are Rising Taxes To Blame?

Puerto Rico is facing staggering challenges to its economy. Its credit rating was downgraded by Standard & Poor’s on Tuesday. Friday saw more bad news for the island territory’s economy, as Moody’s downgraded their debt to junk status, according to an AP report.

Chilean Voters Return a Former President to Power

SANTIAGO, Chile — Chilean voters handed a landslide victory to Michelle Bachelet on Sunday, returning her to the presidency amid continuing unease over high levels of inequality in Chile despite an enviable stretch of rapid economic growth.

Fractured Chilean right should pick single candidate - Pinera

SANTIAGO (Reuters) - Chilean president Sebastian Pinera urged his fractured right-wing coalition to settle on one presidential candidate ahead of the November general election, as the bloc scrambles to avert an electoral debacle.