Category Archives: economic crisis

Trump gripes he gets ‘no credit’ for relief efforts in Puerto Rico

https://nypost.com/2018/11/29/trump-gripes-he-gets-no-credit-for-relief-efforts-in-puerto-rico Trump gripes he gets ‘no credit’ for relief efforts in Puerto Rico By Bob Fredericks, Nikki Schwab and Marisa Schultz November 29, 2018 | 1:50pm | Updated AP President Trump says the amount of money the government spent on … Continue reading

Posted in corruption, economic crisis, Hurricane Maria and after effects, incompetence and mismanagement | Tagged , , , , , , , , , , | Leave a comment

Puerto Rican college student illustrates why the Fiscal Oversight Board is necessary to rein in corruption and mismanagement in PR government

https://yaledailynews.com/blog/2018/11/16/wolpert-gaztambide-integrating-puerto-rico WOLPERT GAZTAMBIDE: Integrating Puerto Rico Christian Wolpert Gaztambide 1:44 am, Nov 16, 2018 Guest Columnist In the wake of Hurricane Maria, various campus organizations have mobilized against Yale’s holdings in mutual funds that hold Puerto Rican bonds. While I … Continue reading

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Puerto Rico’s Democratic entrenchment fuels its own death spiral

Democrats in Puerto Rico INTENTIONALLY Keeping Power Off to Hurt Trump By Kevin Jackson – January 19, 2018 Democrats in Puerto Rico INTENTIONALLY Keeping Power Off to Hurt Trump The plot thickens in Puerto Rico. The Democrats there believe they … Continue reading

Posted in corruption, crime, culture and cycle of dependency, economic crisis, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Oversight board gives Puerto Rico gov until Feb. 12 to make changes to fiscal plans

Many good ideas in the recommendations. http://caribbeanbusiness.com/oversight-board-gives-puerto-rico-gov-until-feb-12-to-make-changes-to-fiscal-plans Oversight board gives Puerto Rico gov until Feb. 12 to make changes to fiscal plans By Eva Lloréns Vélez on February 5, 2018 SAN JUAN – Puerto Rico Financial Oversight and Management Board … Continue reading

Posted in culture and cycle of dependency, economic crisis, Hurricane Maria and after effects, Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , , , , , , | Leave a comment

Exodus From a Historic Puerto Rican Town, With No End in Sight

Exodus From a Historic Puerto Rican Town, With No End in Sight By FRANCES ROBLES JULY 16, 2017 An abandoned furniture store in Lares, P.R. The town in the mountainous heart of the Caribbean island has lost more people to … Continue reading

Posted in economic crisis, population changes in Puerto Rico, Puerto Ricans and Puerto Rico people, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

US to cut water monitoring because of Puerto Rico debt

When you don’t pay your bills, your services get cut off.   Things like this make Puerto Rico more like Venezuela.  Socialism is mistakenly thought of as “great” until the money runs out.  People are short-sighted, voting for politicians who promise … Continue reading

Posted in economic crisis, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

What Puerto Rico Can Teach Us About the Minimum Wage

Minimum wages are contrary to free and fair markets.  If an unskilled person is not worth what an employer is forced to pay through unjust minimum wage laws, the employer will instead choose more automation or choose to not employ … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, minimum wage laws are harmful to society, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment