Elite interests, including billionaires and real estate entities, are spending millions to support super PACs that back candidates opposing increased taxes on the wealthy and expanded tenants' rights. This financial influence is particularly targeted at the New York State Assembly candidates who advocate for these progressive policies.

AES Puerto Rico has been transporting its toxic coal ash from its Guayama plant to the Chesser Island landfill in southern Georgia via Keystone Terminal in Jacksonville, Florida, since at least 2018. The coal ash, branded as Agremax, has raised environmental concerns, particularly due to its proximity to the Okefenokee Swamp. The landfill's connection to AES is further highlighted by the involvement of AES's CEO, Andrés Gluski, who is also on the board of Waste Management, the landfill's owner. The issue has sparked public outrage and legal actions in both Puerto Rico and Florida, with significant protests and legislative efforts to ban the use and storage of Agremax.

Wall Street firms, including Ambac, are employing aggressive tactics to maximize profits from Puerto Rico’s bankruptcy process, potentially threatening the island's natural resources and agricultural lands. Ambac has filed a motion to investigate the real estate properties of six government agencies, aiming to pressure the oversight board and increase resources for creditor repayments. The motion is part of ongoing negotiations for a plan of adjustment to exit bankruptcy. Ambac's actions highlight the contentious nature of the bankruptcy process and the potential displacement of valuable public assets.

In the run-up to Puerto Rico's general elections, Act 22 investors, who benefit from tax exemptions on dividends and capital gains, have emerged as significant donors, with donations exceeding $18.6 million for the 2018-2020 electoral cycle. Miguel Romero and Pedro Pierluisi are the main beneficiaries of these donations. Act 22, which aims to attract millionaires to Puerto Rico to boost the economy, has been linked to a form of large-scale gentrification, as the island lost around 440,000 inhabitants during the years of its implementation. The New Progressive Party has received around 70% of the total donations from Act 22 investors, raising concerns about the influence of corporate interests and wealthy elites on Puerto Rican politics.

Vulture funds and law firms profiting from Puerto Rico's debt crisis are donating over $1.4 million to political campaigns of key figures involved in selecting members of the fiscal oversight board. The oversight board, currently in a transitional period, faces uncertainty due to upcoming elections and the pandemic. President Trump has the authority to appoint new members before the November election, with the outcome of the presidential race influencing future board interactions. Major donors include Paul Weiss and Proskauer Rose, with significant contributions from their employees and executives.

Vulture funds and their law firms are heavily donating to the campaigns of key political figures involved in the selection of Puerto Rico's fiscal oversight board members. These donations, totaling over $1.4 million, could influence the appointments amidst the ongoing debt crisis and the COVID-19 pandemic. The article highlights significant contributions to both Trump and Biden, with Biden receiving more from these funds. The oversight board, currently in a transitional period, faces uncertainty as new members are to be appointed by the president, influenced by lists from Congress. Major donors include BlackRock, Canyon, Mason, Oaktree, and Taconic, with law firms like Paul Weiss and Proskauer Rose also contributing significantly.

Vulture funds profiting from Puerto Rico's debt crisis and their representing law firms are donating to the political campaigns of presidential candidates and key congress members involved in selecting the members of the Fiscal Control Board. A review of campaign committee reports to the FEC shows over $1.4 million in donations, which could influence elected officials' decisions on new board members. With three board members resigning and others needing renewal, the board is in a transition period amid the pandemic. President Trump can appoint new members before the November elections, and the presidential race will determine the executive power the new members will face. The top five donating funds are BlackRock, Canyon, Mason, Oaktree, and Taconic, with BlackRock being the largest donor, primarily to Biden's campaign. Law firms representing the funds and the board's lawyers have also made significant donations, with Paul Weiss and Proskauer Rose being the top donors.