Category Archives: Puerto Rico economic crisis

Legislator warns of consequences were Puerto Rico a domestic jurisdiction

If Puerto Rico becomes a domestic jurisdiction, taxes will go up, more jobs will be lost.  Silly for anyone to want to  increase the tax burden, while causing massive job losses. http://caribbeanbusiness.com/legislator-warns-of-consequences-were-puerto-rico-a-domestic-jurisdiction Legislator warns of consequences were Puerto Rico a … Continue reading

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Puerto Rico Doesn’t Want Reform

  https://www.wsj.com/articles/puerto-rico-doesnt-want-reform-1511730516 Puerto Rico Doesn’t Want Reform The Promesa law, not Hurricane Maria, is the real culprit behind the island’s troubles. Puerto Rico Electric Power Authority employees fix power lines in San Juan, Oct. 19. Photo: Xavier Garcia/Bloomberg News By … Continue reading

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Puerto Rico needs an IMF-style economic plan

  https://www.aei.org/publication/puerto-rico-needs-an-imf-style-economic-plan Desmond Lachman October 27, 2017 | Real Clear Markets Puerto Rico needs an IMF-style economic plan Economics, International Economics It would be an understatement to state that the hurricane-battered Puerto Rican economy is at serious risk of entering … Continue reading

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Puerto Rico’s leaders don’t know who has power. Most Puerto Ricans STILL don’t have power, 50 days after Hurricane Maria!

42% power generation in PR as of 11-8-17 does little good when less than 5% of Puerto Ricans have electricity, even 50 days after Hurricane Maria. Upper right box shows the government-owned monopoly’s power generation at Status.PR. http://status.pr The discrepancy … Continue reading

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Even before Hurricane Maria hit, Puerto Rico was a mess

https://www.economist.com/news/united-states/21730432-even-hurricane-maria-hit-it-was-mess-story-puerto-ricos-power-grid Even before Hurricane Maria hit, it was a mess Oct 19th 2017 | SALINAS IN A room beneath the smokestacks of the Aguirre steam plant in south-eastern Puerto Rico, an engineer points to a colourful poster entitled “How Electricity … Continue reading

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Price controls CREATE shortages. Learn from what happened to Venezuela instead of making the same mistake!

If businesses are not allowed to set their own prices in a free market, they will stop supplying or supply less needed products like food and supplies. Read here to learn what happens as a result of price controls, in … Continue reading

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Debt Alone Won’t Crush Puerto Rico. Depopulation Is the Curse.

https://www.bloomberg.com/view/articles/2017-10-06/debt-alone-won-t-crush-puerto-rico-depopulation-is-the-curse Debt Alone Won’t Crush Puerto Rico. Depopulation Is the Curse. Erasing the island’s bond obligations would not be sufficient, if migration continues. by Megan McArdle October 6, 2017, 10:00 AM GMT-4 The trend lines in Puerto Rico are going … Continue reading

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