Tag Archives: bonds

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

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Tax Policy Helped Create Puerto Rico’s Fiscal Crisis

https://taxfoundation.org/tax-policy-helped-create-puerto-rico-s-fiscal-crisis Tax Policy Helped Create Puerto Rico’s Fiscal Crisis June 30, 2015 Scott Greenberg   Gavin Ekins Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in … Continue reading

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Corruption and conflict of interest in Puerto Rico can be reduced with transparency

Why should high-priced consultant McKinsey be allowed to profit in the millions on inside information with a conflict of interest? Transparency of Puerto Rico Bankruptcy Is the Aim of a New Bill Puerto Rico’s bankruptcy case is one of the … Continue reading

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Puerto Rico’s unlikely financial bounceback

https://www.axios.com/puerto-ricos-unlikely-financial-bounceback–cd785c49-86ef-4527-83e8-67350cda23f3.html Felix Salmon Oct 28, 2018 Puerto Rico’s unlikely financial bounceback Puerto Rico was the poorest and most struggling part of America even before Hurricane Maria hit in September 2017. Its bonds had been in default for over a year, … Continue reading

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Puerto Rico’s $300-an-Hour Demographer Catches Heat From Bondholders

https://www.bloomberg.com/news/articles/2018-11-20/puerto-rico-s-300-an-hour-demographer-catches-heat-from-bondholders Puerto Rico’s $300-an-Hour Demographer Catches Heat From Bondholders November 20, 2018, 6:00 AM GMT-4 Lyman Stone in Hong Kong on Nov. 6, 2018.Photographer: Xyza Cruz Bacani for Bloomberg Businessweek LISTEN TO ARTICLE 6:54 Some of the most contentious numbers … Continue reading

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Puerto Rico co-ops unfazed by debt-forgiveness talk, Moody’s downgrade

  http://caribbeanbusiness.com/puerto-rico-co-ops-unmoved-by-debt-forgiveness-talk-moodys-downgrade Puerto Rico co-ops unfazed by debt-forgiveness talk, Moody’s downgrade By Eva Lloréns Vélez on October 16, 2017 SAN JUAN –  Cooperatives Supervision & Insurance Corp. (Cossec by its Spanish acronym) Chairwoman Ivelisse Torres said Puerto Rico credit unions, … Continue reading

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Puerto Rico’s fiscal board approves plan for Cossec, lifeline for credit unions

  http://caribbeanbusiness.com/puerto-rico-cooperatives-supervision-insurance-corp-proposes-lifeline Puerto Rico’s fiscal board approves plan for Cossec, lifeline for credit unions By Luis J. Valentín Ortiz on August 4, 2017   FAJARDO, Puerto Rico – Puerto Rico’s financial control board certified Friday, with amendments, a fiscal plan … Continue reading

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