What does the term 'speculative grade' refer to in the context of Puerto Rico's debt?
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The transcript discusses various financial and technological topics. Mark advises clients to be more aggressive in investing in distressed debt. Boeing and BlackBerry are collaborating on a secure smartphone for US defense use. BlackBerry's revenue fell short, but CEO John Chen is optimistic about future growth. Puerto Rico's economy may face challenges as US travelers are allowed to visit Cuba, impacting its tourism-dependent economy.
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What impact does tourism have on Puerto Rico's economy?
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