September 21, 2022
Puerto Rico's Long Struggle to Keep the Lights On
by The Journal
Hurricane Fiona battered Puerto Rico’s shores, causing an island-wide blackout over the weekend. Now, more than a million people are still waiting for the lights to turn back on. WSJ’s Andrew Scurria explains that the company brought in to fix the grid hasn’t made much progress.
- Hurricane Fiona Intensifies to Category 4 Storm and Is Blamed for Four Deaths
- Puerto Rico Re-Examines Plan to Fix Power Grid as Fiona Cuts Electricity
Over the past year the Federal Reserve has been steadily raising interest rates to try to bring down inflation. But the recent banking crisis has thrown a wrench into its plans. WSJ’s Nick Timiraos explains how the Fed is now trying to fight two problems at once.
Former Chinese real-estate developer and outspoken China critic Guo Wengui was arrested by the FBI last week and accused of orchestrating a $1 billion fraud. WSJ’s Aruna Viswanatha unpacks Guo’s trek from Beijing gadfly to Steve Bannon confidant to fraud suspect.
While campaigning for president, Joe Biden said there would be no new oil drilling on federal land. But last week he approved the Willow project, one of the largest domestic oil projects in years. WSJ’s Andrew Restuccia explains why Biden made the shift.