Daily Archives: December 1, 2018

Multi-million dollar contracts for Tu Hogar Renace, in English, Your Home Reborn

https://www.elnuevodia.com/english/english/nota/multi-milliondollarcontractsfortuhogarrenace-2462136 See this link for NY Times article referenced here. https://puertoriconewcomer.wordpress.com/2018/12/01/3700-generators-and-666-sinks-fema-contractors-charged-steep-markups-on-puerto-rico-repairs Multi-million dollar contracts for Tu Hogar Renace The program concludes at the end of 2018 Tuesday, November 27, 2018 – 11:11 AM By Wilma Maldonado Arrigoitía   In just … Continue reading

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$3,700 Generators and $666 Sinks: FEMA Contractors Charged Steep Markups on Puerto Rico Repairs

  Sounds like 80% of the FEMA funds were wasted.  Wouldn’t the money have been far more effectively spent in direct payments to the victims, with a mechanism restricting those checks payable only for home repairs?  The widespread culture of … Continue reading

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Puerto Rico’s unlikely financial bounceback

https://www.axios.com/puerto-ricos-unlikely-financial-bounceback–cd785c49-86ef-4527-83e8-67350cda23f3.html Felix Salmon Oct 28, 2018 Puerto Rico’s unlikely financial bounceback Puerto Rico was the poorest and most struggling part of America even before Hurricane Maria hit in September 2017. Its bonds had been in default for over a year, … Continue reading

Posted in bad businesses and organizations to avoid, culture and cycle of dependency, Hurricane Maria and after effects | Tagged , , , , , , , , , , , , , , , , , | Leave a comment