Category Archives: Puerto Rico economic crisis

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

Posted in Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , , , | Leave a comment

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

Posted in Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , | Leave a comment

PAN, acronym for Nutrition Assistance Program, aka food stamps, welfare participants feel the effects of the cuts in Puerto Rico. Is $112 per month for food enough to survive?

Are these welfare programs sustainable? While $260 or even the lower $112/month is not much money for a food budget, this is still “free money” to the recipient, although it’s not really free, since it’s supported by other taxpayers who … Continue reading

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

Opportunity Zone investments in Puerto Rico can revitalize depressed area

https://caribbeanbusiness.com/opportunity-knocks-for-whom Opportunity Knocks For Whom? By Eva Lloréns Vélez on February 28, 2019 Editor’s note: The following originally appeared in the Feb. 28 – March 6, 2019, issue of Caribbean Business. “Opportunity Zone fever” appears to be moving across Puerto Rico but … Continue reading

Posted in Puerto Rico economic crisis | Tagged , , , , , | Leave a comment

Puerto Rico is living an impoverished debt nightmare reminiscent of southern Europe or Detroit

https://qz.com/125654/puerto-rico-is-living-an-impoverished-debt-nightmare-reminiscent-of-southern-europe-or-detroit Puerto Rico is living an impoverished debt nightmare reminiscent of southern Europe or Detroit By Simone FoxmanSeptember 19, 2013 Puerto Rico’s poverty rate hit 44.9%, according to new data released today by the US Census Bureau—that’s nearly double the poverty rate … Continue reading

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

In 1996, people warned the loss of Section 936 tax breaks would severely damage Puerto Rico. They were absolutely right

http://www.ipsnews.net/1996/02/puerto-rico-economy-tax-breaks-under-threat PUERTO RICO-ECONOMY: Tax Breaks Under Threat By IPS Correspondents Reprint | | Print | Scott West SAN JUAN, Feb 9 1996 (IPS) – Tax incentives which have led to the rapid industrialisation of Puerto Rico, giving the island’s people … Continue reading

Posted in Puerto Rico economic crisis | Tagged , , , , , , | Leave a comment

Here’s how an obscure tax change sank Puerto Rico’s economy – Section 936 phased out over 10 years from 1996 to 2006

https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html Here’s how an obscure tax change sank Puerto Rico’s economy Even before a devastating hurricane brought Puerto Rico to a near standstill, the government there was struggling with an economy in shambles and a default on billions of dollars … Continue reading

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