A possible summary is:
The text is a transcript of a segment from John Oliver's show Last Week Tonight, where he talks about the economic crisis in Puerto Rico and its causes. He explains how Puerto Rico's status as a territory, its tax laws, its debt, and its lack of bankruptcy protection have created a dire situation for its 3.5 million American citizens. He also criticizes the hedge funds that are profiting from the island's misery and the misleading ads that oppose a congressional bill to help Puerto Rico restructure its debt. He ends the segment with a musical performance by Lin-Manuel Miranda, the creator and star of Hamilton, who urges Congress to act and support Puerto Rico.
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1. Puerto Rico is a US territory that has a debt of 70 billion dollars and a 10-year economic crisis.
2. Puerto Rico cannot declare bankruptcy due to a 1984 amendment that excluded it from Chapter 9 protection.
3. Puerto Rico lost many of its manufacturing jobs after Congress phased out tax breaks for businesses that moved there.
4. Puerto Rico has a poverty rate of 45%, a high sales tax of 11.5%, and many schools and hospitals have been shut down.
5. Puerto Rico is facing a health crisis due to the Zika virus, which could infect one in five people on the island.
6. Puerto Rico's debt is partly held by hedge funds, which are suing the island and opposing any debt relief or restructuring.
7. Congress is considering a bipartisan bill that would give Puerto Rico some breathing room to negotiate with creditors.
8. Puerto Rico's fate is interwoven with the US, as it is home to 3.5 million American citizens and many influential figures in various fields.
9. Lin-Manuel Miranda, the creator and star of Hamilton, is one of the advocates for Puerto Rico's cause and he performed a rap song on John Oliver's show to raise awareness.
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