Monthly Archives: February 2019

Spirit Airlines launches additional routes to SJU San Juan from TPA Tampa International Airport and BWI Baltimore-Washington International Airport

https://caribbeanbusiness.com/spirit-airlines-launches-additional-routes-to-san-juan Spirit Airlines launches additional routes to San Juan By Caribbean Business on February 14, 2019 SAN JUAN – Spirit Airlines launched new routes to San Juan on Thursday, when the Florida-based ultra-low-cost carrier began daily nonstop service to Luis Muñoz Marin … Continue reading

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Puerto Rico power, water utilities to suspend service to customers in arrears

https://caribbeanbusiness.com/puerto-rico-power-water-utilities-to-suspend-service-to-customers-in-arrears The freeloaders need to be cut off, because it is unsustainable for the utilities to survive when customers don’t pay their bills.  Why they never did this before?  Where is the common sense? Puerto Rico power, water utilities to … Continue reading

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There are over 10,000 Airbnb-listed properties in Puerto Rico

https://caribbeanbusiness.com/there-are-over-10000-airbnb-listed-properties-in-puerto-rico There are over 10,000 Airbnb-listed properties in Puerto Rico By Caribbean Business on February 14, 2019 SAN JUAN – There are more than 10,000 Airbnb properties in Puerto Rico, according to a report by Estudios Técnicos Inc., a Puerto Rico-based financial … Continue reading

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In 1996, people warned the loss of Section 936 tax breaks would severely damage Puerto Rico. They were absolutely right

http://www.ipsnews.net/1996/02/puerto-rico-economy-tax-breaks-under-threat PUERTO RICO-ECONOMY: Tax Breaks Under Threat By IPS Correspondents Reprint | | Print | Scott West SAN JUAN, Feb 9 1996 (IPS) – Tax incentives which have led to the rapid industrialisation of Puerto Rico, giving the island’s people … Continue reading

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Here’s how an obscure tax change sank Puerto Rico’s economy – Section 936 phased out over 10 years from 1996 to 2006

https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html Here’s how an obscure tax change sank Puerto Rico’s economy Even before a devastating hurricane brought Puerto Rico to a near standstill, the government there was struggling with an economy in shambles and a default on billions of dollars … Continue reading

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Tax Policy Helped Create Puerto Rico’s Fiscal Crisis

https://taxfoundation.org/tax-policy-helped-create-puerto-rico-s-fiscal-crisis Tax Policy Helped Create Puerto Rico’s Fiscal Crisis June 30, 2015 Scott Greenberg   Gavin Ekins Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in … Continue reading

Posted in culture and cycle of dependency, economic crisis, finance, incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Examples of Puerto Rican unprofessionalism – making it hard to do business in Puerto Rico, wasting time, not listing store hours, locations correctly. For ease of doing business, Puerto Rico ranks 64th vs the mainland USA at 8th

Puerto Rico ranks 64th in the world in ease of doing business, while the 50 states rank 8th.  New Zealand ranks #1 as the best.   While the education system in Puerto Rico is notoriously bad in the public schools from … Continue reading

Posted in incompetence and mismanagement, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , , , , , | 2 Comments