Category Archives: economic crisis

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

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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

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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

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Puerto Rico’s bankruptcy leaves US island facing hard times

https://www.yahoo.com/news/puerto-ricos-bankruptcy-leaves-us-island-facing-hard-020039188.html Puerto Rico’s bankruptcy leaves US island facing hard times Elodie CUZIN AFPJune 6, 2017 View photos People walk past murals protesting the state of the economy in San Juan, Puerto Rico, as the former Spanish colony of 3.5 million, … Continue reading

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Puerto Rico’s Exodus Is Speeding the Island’s Economic Collapse

https://www.bloomberg.com/news/articles/2017-06-02/-i-had-to-choose-for-my-family-thousands-fleeing-puerto-rico Puerto Rico’s Exodus Is Speeding the Island’s Economic Collapse by Jonathan Levin @JonathanJLevinMore stories by Jonathan Levin and Rebecca Spalding @rcurtisspaldingMore stories by Rebecca Spalding ‎June‎ ‎2‎, ‎2017‎ ‎6‎:‎00‎ ‎AM‎ ‎-04 Exodus from island means economic resurgence will be … Continue reading

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Puerto Rico debt crisis drives exodus to U.S.

Puerto Rico debt crisis drives exodus to U.S. Published on Aug 13, 2015 New austerity measures are imposing more economic pain on U.S. territory Puerto Rico, which already has a poverty rate almost double that of America’s poorest state. In … Continue reading

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Puerto Rico Must Not Waste Its Second Chance

https://www.bloomberg.com/view/articles/2017-05-09/puerto-rico-must-not-waste-its-second-chance Puerto Rico Must Not Waste Its Second Chance Restructuring debt is just the first painful step on the road to recovery. by Michael R. Bloomberg @MikeBloomberg ‎May‎ ‎9‎, ‎2017‎ ‎5‎:‎00‎ ‎AM Hope on the horizon? Photographer: Christopher Gregory/Bloomberg For … Continue reading

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