Category Archives: Puerto Rico economic crisis

Legal group predicts avalanche of foreclosures in P.R. in 2019

While it must be tragic to lose a home to foreclosure, people must honor their commitments to repay when they receive a loan. Legal group predicts avalanche of foreclosures in P.R. this year Legal group predicts avalanche of foreclosures in … Continue reading

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Act 20, Act 22 bring talented people from the states who hire thousands of Puerto Ricans, invest billions of dollars in PR

This is a great program to help revive Puerto Rico by injecting capital, buying property, cars, household goods, and hiring thousands of Puerto Ricans.  Without these incentives, these talented people would not have been attracted to move to Puerto Rico. … 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

A huge difference in salaries between Puerto Rico and Mississippi

How much of the lower salaries in PR are related to the inefficiencies and lower productivity of Puerto Rican workers?   Spend a day in the DMV getting a driver’s license or renewing your car compared to doing the same … Continue reading

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

https://www.washingtonexaminer.com/policy/energy/trump-debates-waiving-jones-act-to-ship-natural-gas-to-new-england-and-puerto-rico Trump debates waiving Jones Act to ship natural gas to New England and Puerto Rico by Josh Siegel  | April 27, 2019 12:00 AM President Trump is considering granting waivers to bypass the Jones Act, a century-old law law … Continue reading

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New Reports Detail the Jones Act’s Cost to Puerto Rico

  https://www.cato.org/blog/new-reports-detail-jones-acts-cost-puerto-rico February 25, 2019 9:31AM New Reports Detail the Jones Act’s Cost to Puerto Rico By Colin Grabow Last year the American Maritime Partnership released a report claiming that the Jones Act, a protectionist law which requires domestic water … Continue reading

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