Tag Archives: debt

Covid-19 May Cost Puerto Rico $2 Billion in Taxes, Board Says

https://www.bnnbloomberg.ca/covid-19-may-cost-puerto-rico-2-billion-in-taxes-board-says-1.1436312 Covid-19 May Cost Puerto Rico $2 Billion in Taxes, Board Says Jim Wyss, Bloomberg News The Capitol Building is seen past walls in the Old City of San Juan, Puerto Rico. Photographer: Christopher Gregory , Bloomberg   (Bloomberg) — … 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 government continues paying all government workers, even those NOT working while at home. Now PR wants to give them an extra $500 bonus.

Where is the shared sacrifice?  There are already too many government workers in Puerto Rico relative to the overall population.  It’s easy to give away money that’s not your own.  Taken to its logical conclusion, this is a race to … Continue reading

Posted in corruption, culture and cycle of dependency, incompetence and mismanagement, Puerto Rico necessary improvements, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , | Leave a comment

Integrating Puerto Rico – By Incorporating Best Practices

WOLPERT GAZTAMBIDE: Integrating Puerto Rico WOLPERT GAZTAMBIDE: Integrating Puerto Rico Christian Wolpert Gaztambide1:44 am, Nov 16, 2018 Guest Columnist In the wake of Hurricane Maria, various campus organizations have mobilized against Yale’s holdings in mutual funds that hold Puerto Rican … Continue reading

Posted in corruption, culture and cycle of dependency, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico tax incentives | 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

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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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Puerto Rico Finds $5 Billion More Cash in Latest Disclosure

Most people wouldn’t misplace $5 billion.  Yet Puerto Rico managed to do it.  Should anyone have been surprised at finding the Rosello’s messages in Chatgate in the summer of 2019 and the hidden stash of supplies after the January 2020 … Continue reading

Posted in incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , | Leave a comment