Category Archives: economic crisis

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

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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

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

Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island

  https://www.nytimes.com/2017/05/06/us/puerto-rico-insolvency-business-owners-anxiety.html Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island By FRANCES ROBLESMAY 6, 2017 Workers at the Río Piedras terminal in San Juan, Puerto Rico, face waning business. Transportation businesses have been hurt by the economic crisis as … Continue reading

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

Puerto Rico’s eye-popping economic situation, in charts

https://qz.com/1091341/puerto-ricos-eye-popping-economic-situation-in-charts Puerto Rico’s eye-popping economic situation, in charts By Eshe NelsonSeptember 30, 2017 The catastrophic devastation that Hurricane Maria brought to Puerto Rico has been made worse by the island’s struggling economy and the US government’s poor efforts to help aid … Continue reading

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Lin-Manuel Miranda: Puerto Rico needs “debt forgiveness” to recover

Since Lin-Manuel Miranda believes the debts that Puerto Rico incurred should be forgiven, to not honor the commitment to pay their loans, will Miranda stop charging for all his Hamilton shows or allow  you to “promise” to pay later?  A … Continue reading

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