LA to Warn 5,200 Teachers of Layoffs

In California, the Los Angeles public school board is preparing to warn teachers of massive layoffs amidst a $640 million budget shortfall. On Tuesday, the Los Angeles Unified School District voted to send notices of possible layoffs to up to 5,200 teachers.

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    Could Puerto Rico become America’s Greece? That’s a question many are asking as the island faces a devastating financial crisis and a rapidly crumbling healthcare system. Puerto Rico owes $72 billion in debt. $355 million in debt payments are due December 1, but it increasingly looks like the U.S. territory may default on at least some of the debt. Congress has so far failed to act on an Obama administration proposal that includes extending bankruptcy protection to Puerto Rico and allocating more equitable Medicaid and Medicare...


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