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Puerto Rico’s Double Whammy: Irma and Hedge Funds

David Dayen | The American Prospect | September 8, 2017

Irma, the largest Atlantic hurricane in recorded history, has proven cruelly fickle as it surges through the Caribbean. The Category Five storm “hit like a bomb” on the small islands of Barbuda and St. Martin, destroying up to 95 percent of the structures and rendering the areas “barely habitable.” But Irma stayed north of Puerto Rico, sparing the island from the worst. That’s not to say that Puerto Rico didn’t sustain damage...

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