Tag Archives: bankruptcy

The goal of the Fiscal Oversight Board is a new government culture to root out corruption and cronyism, to create an environment that generates jobs instead of making people dependent on welfare, to practice financial discipline instead of overspending

  https://www.elnuevodia.com/english/english/nota/thegoalisanewgovernmentculture-2579499 The goal is a new government culture The chairman of the Oversight Board José Carrión III and also member Carlos García have announced their resignations after the Supreme Court ruled appointments to the Board are constitutional, and just … Continue reading

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How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It

https://finance.townhall.com/columnists/peterschiff/2015/07/16/how-socialism-destroyed-puerto-rico-and-how-capitalism-can-save-it-n2025956 How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It Peter Schiff | Posted: Jul 16, 2015 12:01 AM While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, … Continue reading

Posted in +best, most popular posts about Puerto Rico, culture and cycle of dependency, incompetence and mismanagement, minimum wage laws are harmful to society, Puerto Rico > Venezuela > Socialism, Puerto Rico necessary improvements, Puerto Rico politics and government, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , | Leave a comment

Puerto Rico’s Political Meltdown with Governor Ricardo Rosselló Announcing his Resignation

Socialism has always failed and will continue to always fail, yet politicians persuade citizens who are ignorant of history as they fall for promises of “free stuff.” https://www.wsj.com/articles/puerto-ricos-political-meltdown-11564010349 Click link for video Puerto Rico’s Political Meltdown The island needs leaders … Continue reading

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The PREPA debt deal and the future of Puerto Rico creditworthiness. Consequences of not honoring your commitments, not keeping your promises are a damaged reputation, breach of trust

How can the Puerto Rican government be trusted when they don’t honor their commitments?  When you declare bankruptcy, stiffing the creditors, the rates you pay on future loans, if you can get one at all, will be much higher. The … Continue reading

Posted in analysis and opinion, corruption, culture and cycle of dependency, incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , | Leave a comment

Puerto Rico’s Untold Tale of Corruption – A Longstanding Ongoing Culture of Corruption

https://cfif.org/v/index.php/commentary/43/2990-puerto-ricos-untold-tale-of-corruption Puerto Rico’s Untold Tale of Corruption By Jeff Mazzella Wednesday, February 24 2016 All of these incidents raise the inevitable question: What else is going on in Puerto Rico? By now, many Americans are familiar with the public debt … Continue reading

Posted in +best, most popular posts about Puerto Rico, corruption, culture and cycle of dependency, incompetence and mismanagement, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , , | Leave a comment

Puerto Rico 2.0? Wall Street Warns of More Caribbean Debt Dramas

https://www.bnnbloomberg.ca/puerto-rico-2-0-wall-street-warns-of-more-caribbean-debt-dramas-1.1424581 Puerto Rico 2.0? Wall Street Warns of More Caribbean Debt Dramas Ben Bartenstein, Bloomberg News BC-Puerto-Rico-20?-Wall-Street-Warns-of-More-Caribbean-Debt-Dramas , Ben Bartenstein (Bloomberg) — The Caribbean countries of Barbados, Belize and the Bahamas, among the preferred playgrounds for the world’s wealthiest bankers, … Continue reading

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As coronavirus cases rise in Puerto Rico, some fear economic ‘bloodbath’ along with health crisis

https://www.usatoday.com/story/news/nation/2020/04/02/coronavirus-cases-puerto-rico-grow-island-confronts-new-crisis/2926578001 As coronavirus cases rise in Puerto Rico, some fear economic ‘bloodbath’ along with health crisis Kristine Phillips USA TODAY Edgar Rodríguez Vázquez’s kidneys have been shrinking since he was in his 30s. A year and a half ago, his … Continue reading

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After Disasters, Puerto Ricans Are Left With $1.6 Billion in Unpaid Insurance Claims

This is a great injustice, for insurance policyholders not getting paid by their insurance company.  Why should someone pay for insurance if they aren’t going to get reimbursed when they have a valid claim?   After Disasters, Puerto Ricans Are … Continue reading

Posted in bad businesses and organizations to avoid, economic crisis, Hurricane Maria and aftermath, incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

How Puerto Rico got into its current financial mess

https://www.miamiherald.com/news/business/biz-monday/article64452617.html How Puerto Rico got into its current financial mess BY JOHN McPHAUL Special to the Miami Herald March 06, 2016 02:00 PM   A man drinks a beer in a local bar as he watches Puerto Rico’s governor Alejandro … Continue reading

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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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