Tag Archives: collapse

Facing The Risk Of New Earthquakes, Puerto Rico Lacks A Coordinated Massive Response Plan For Trauma Emergencies

Facing The Risk Of New Earthquakes, Puerto Rico Lacks A Coordinated Massive Response Plan For Trauma Emergencies Facing The Risk Of New Earthquakes, Puerto Rico Lacks A Coordinated Massive Response Plan For Trauma Emergencies By Center for Investigative Journalism (CPI) … Continue reading

Posted in culture and cycle of dependency, economic crisis, incompetence and mismanagement, Puerto Rico earthquakes and aftermath, Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

‘Scarier’ Than Hurricane Maria: A Deadly Earthquake Terrifies Puerto Rico

https://www.nytimes.com/2020/01/07/us/puerto-rico-earthquake.html ‘Scarier’ Than Hurricane Maria: A Deadly Earthquake Terrifies Puerto Rico The state of chaos that followed the 2017 storm robbed Puerto Ricans of any belief that their leaders could manage another natural disaster. Video 0:09/1:38 transcript Puerto Rico Earthquake … Continue reading

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Puerto Rico’s earthquakes pile up fresh challenges for the US territory

https://www.latimes.com/world-nation/story/2020-01-10/puerto-ricos-earthquakes-pile-up-fresh-struggles-for-the-u-s-territory Puerto Rico’s earthquakes pile up fresh challenges for the U.S. territory A Guayanilla, Puerto Rico, church was heavily damaged in a magnitude 6.4 earthquake. (Jorge Castillo / Los Angeles Times) By Jorge Castillo Jan. 10, 2020 9 AM GUAYANILLA, Puerto … Continue reading

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Cossec restructuring would impact co-ops’ cash flow

http://caribbeanbusiness.com/cossec-restructuring-would-impact-co-ops-cash-flow Cossec restructuring would impact co-ops’ cash flow By Eva Lloréns Vélez on March 26, 2018 SAN JUAN — More than half, or 56 percent, of the $1.5 billion investment portfolio of Puerto Rico’s savings & loan cooperatives is invested in … Continue reading

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Oversight Board proposes adjustments and consolidation for Cossec

The Puerto Rico government forced the cooperativos, aka credit unions, to buy Puerto Rican bonds, which are now considered junk. Sounds like if the cooperativos had to mark these assets to market, many would be insolvent. So the regulator is … Continue reading

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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

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Puerto Rico’s bankruptcy leaves US island facing hard times

https://www.yahoo.com/news/puerto-ricos-bankruptcy-leaves-us-island-facing-hard-020039188.html Puerto Rico’s bankruptcy leaves US island facing hard times Elodie CUZIN AFPJune 6, 2017 View photos People walk past murals protesting the state of the economy in San Juan, Puerto Rico, as the former Spanish colony of 3.5 million, … Continue reading

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