Tag Archives: bankrupt

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

Posted in culture and cycle of dependency, Puerto Rico > Venezuela > Socialism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

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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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

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

Small Montana firm, Whitefish Energy, lands Puerto Rico’s biggest contract to get the power back on

https://www.washingtonpost.com/national/small-montana-firm-lands-puerto-ricos-biggest-contract-to-get-the-power-back-on/2017/10/23/31cccc3e-b4d6-11e7-9e58-e6288544af98_story.html Small Montana firm lands Puerto Rico’s biggest contract to get the power back on Hurricane Maria knocked out the electricity in Miram Carrasquillo’s home in Canóvanas, Puerto Rico. Ten days after the storm, she was able to get a … Continue reading

Posted in Hurricane Maria and after effects | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Exodus From a Historic Puerto Rican Town, With No End in Sight

Exodus From a Historic Puerto Rican Town, With No End in Sight By FRANCES ROBLES JULY 16, 2017 An abandoned furniture store in Lares, P.R. The town in the mountainous heart of the Caribbean island has lost more people to … Continue reading

Posted in economic crisis, population changes in Puerto Rico, Puerto Ricans and Puerto Rico people, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

US to cut water monitoring because of Puerto Rico debt

When you don’t pay your bills, your services get cut off.   Things like this make Puerto Rico more like Venezuela.  Socialism is mistakenly thought of as “great” until the money runs out.  People are short-sighted, voting for politicians who promise … Continue reading

Posted in economic crisis, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Inside Venezuela: The Socialist Haven on the Brink of Total Collapse

Puerto Rico similarities to Venezuela – The results of Socialism http://www.breitbart.com/national-security/2017/06/12/exclusive-inside-venezuela-socialist-haven-brink-total-collapse Inside Venezuela: The Socialist Haven on the Brink of Total Collapse FEDERICO PARRA/AFP/Getty Images by Ben Kew12 Jun 20170 12 Jun, 2017 13 Jun, 2017 CARACAS, Venezuela – Even … Continue reading

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