Category Archives: economic crisis

Did the Puerto Rico’s Real Estate Market Recover?

https://www.theweeklyjournal.com/business/did-the-real-estate-market-recover/article_6f1719ec-0aff-11ea-858f-2ba5ee1ca527.html Did the Real Estate Market Recover? Although the average asking price in some of the largest cities across Puerto Rico is going up and even surpassing pre-Hurricane Maria levels, property values continue to lag in a few places Cynthia … Continue reading

Posted in economic crisis, hotels homes and apartment housing, Hurricane Maria and aftermath, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for the year 2020

https://newsismybusiness.com/analysis-19s-lack-of-progress-in-getting-p-r-s-economy-back-on-track-is-bad-omen Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20 January 2, 202001620 The lack of progress in getting Puerto Rico’s economy back on track does not bode well for what should happen in … Continue reading

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

Facing The Risk Of New Earthquakes, Puerto Rico Lacks A Coordinated Massive Response Plan For Trauma Emergencies

Facing The Risk Of New Earthquakes, Puerto Rico Lacks A Coordinated Massive Response Plan For Trauma Emergencies Facing The Risk Of New Earthquakes, Puerto Rico Lacks A Coordinated Massive Response Plan For Trauma Emergencies By Center for Investigative Journalism (CPI) … Continue reading

Posted in culture and cycle of dependency, economic crisis, incompetence and mismanagement, Puerto Rico earthquakes and aftermath, Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Moody’s: Earthquakes Could Delay Puerto Rico Recovery

Moody’s: Earthquakes Could Delay Puerto Rico Recovery Moody’s: Earthquakes Could Delay Puerto Rico Recovery By José Alvarado Vega on January 16, 2020 (Feisdra on Unsplash) Rating agency says ‘frequency of natural disasters’ could scare away investors SAN JUAN — The … Continue reading

Posted in economic crisis, finance, Hurricane Maria and after effects, Hurricane Maria and aftermath, Puerto Rico earthquakes and aftermath, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Misuse of funds by Puerto Rico government officials undermines public mission – corruption, fraud

https://www.elnuevodia.com/english/english/nota/misuseoffundsunderminespublicmission-2537380 Misuse of funds undermines public mission If anything dramatizes the reasons why Puerto Rico is bankrupt and is under the federal government’s distrust, it is that municipal government have misused multi-million dollar funds on unnecessary, incomplete or ill-conceived projects. … Continue reading

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

Report reveals serious deficiencies in Puerto Rico’s infrastructure – average grade of D-

Does Puerto Rico still use the marketing slogan, “Puerto Rico does it better?” Does what better?  Better than whom? https://www.elnuevodia.com/english/english/nota/reportrevealsseriousdeficienciesinpuertoricosinfrastructure-2529236 Report reveals serious deficiencies in Puerto Rico’s infrastructure The American Society of Civil Engineers says findings in the report show … Continue reading

Posted in culture and cycle of dependency, economic crisis, government offices, incompetence and mismanagement, population changes in Puerto Rico, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico politics and government, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Bureaucracy is the enemy of growth

Puerto Rico wages are lower that the lowest state, Mississippi.  An argument can be made that Puerto Rican wages are TOO HIGH, based on the low productivity and inefficiencies in conducting business with the government in PR. https://www.elnuevodia.com/english/english/nota/bureaucracyistheenemyofgrowth-2525937 Bureaucracy is … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, DMV aka DTOP, economic crisis, government offices, incompetence and mismanagement, minimum wage laws are harmful to society, Puerto Ricans and Puerto Rico people, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , | Leave a comment