Category Archives: Puerto Rico economic crisis

The Aerospace Industry in Puerto Rico: The Sky’s the Limit

https://www.theweeklyjournal.com/business/the-aerospace-industry-in-puerto-rico-the-sky-s-the/article_a6aee5b4-ded7-11e9-a858-7b04d5e3b789.html The Aerospace Industry in Puerto Rico: The Sky’s the Limit In terms of job numbers, there has been an increase of 36.4 percent in the last four years Rosario Fajardo, The Weekly Journal Sep 25, 2019 Lufthansa Technik’s operations … Continue reading

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Fiscal Oversight Board: Puerto Rico to see 65% surplus drop amid debt crisis

While unfortunate for those who lose their jobs, Puerto Rico needs to reduce government employees with deep cuts.   Additionally, all the money lost to corruption, waste, and mismanagement would save billions more. https://www.dailymail.co.uk/wires/ap/article-8360079/Board-Puerto-Rico-65-surplus-drop-amid-debt-crisis.html Board: Puerto Rico to see 65% surplus … Continue reading

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Covid-19 May Cost Puerto Rico $2 Billion in Taxes, Board Says

https://www.bnnbloomberg.ca/covid-19-may-cost-puerto-rico-2-billion-in-taxes-board-says-1.1436312 Covid-19 May Cost Puerto Rico $2 Billion in Taxes, Board Says Jim Wyss, Bloomberg News The Capitol Building is seen past walls in the Old City of San Juan, Puerto Rico. Photographer: Christopher Gregory , Bloomberg   (Bloomberg) — … Continue reading

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Puerto Rico is shovel-ready for the COVID-19 recovery

https://thehill.com/opinion/finance/497415-puerto-rico-is-shovel-ready-for-the-covid-19-recovery Puerto Rico is shovel-ready for the COVID-19 recovery By Jorge Heine and Kevin P. Gallagher, opinion contributors — 05/13/20 05:00 PM EDT 43 The views expressed by contributors are their own and not the view of The Hill © … Continue reading

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The PREPA debt deal and the future of Puerto Rico creditworthiness. Consequences of not honoring your commitments, not keeping your promises are a damaged reputation, breach of trust

How can the Puerto Rican government be trusted when they don’t honor their commitments?  When you declare bankruptcy, stiffing the creditors, the rates you pay on future loans, if you can get one at all, will be much higher. The … Continue reading

Posted in analysis and opinion, corruption, culture and cycle of dependency, incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , | Leave a comment

Providing pandemic rental assistance in Puerto Rico

  Providing pandemic rental assistance in Puerto Rico Providing pandemic rental assistance in Puerto Rico By Contributor on May 8, 2020 Raúl Santiago-Bartolomei and Deepak Lamba-Nieves (Screen capture of http://www.grupocne.org) By Raúl Santiago-Bartolomei, PhD, Research Associate at CNE, and Deepak … Continue reading

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A dramatic rise in unemployment in Puerto Rico due to forced lockdown of non-essential businesses

https://www.elnuevodia.com/english/english/nota/adramaticriseinunemployment-2564417 A dramatic rise in unemployment Debate continues between rapid impoverishment and exposure to a virus that can kill thousands of lives Monday, April 27, 2020 – 1:42 PM By Ricardo Cortés Chico (Vanessa Serra ) Air traffic reduced globally, … Continue reading

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