Tag Archives: assets

Venezuela Goes Bust. How is this different than Puerto Rico running out of money, long before the hurricanes hit PR?

You should read the comments at the end as well. https://www.wsj.com/articles/venezuela-goes-bust-1510703305 Venezuela Goes Bust Another lesson in the price of lending to a socialist regime. Venezuela’s President Nicolás Maduro in Caracas, Venezuela, Nov. 12. Photo: Miraflores Palace/Handout via REUTERS By … Continue reading

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Puerto Rico’s other crisis: impoverished pensions

http://www.reuters.com/investigates/special-report/usa-puertorico-pensions Uneasy Island Puerto Rico’s other crisis: impoverished pensions By Nick Brown Filed April 7, 2016, 3:10 p.m. GMT For years, the territory’s government piled on the benefits without paying for them. Now, it faces the prospect of stiffing retirees, … Continue reading

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