Tag Archives: debts

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

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

Posted in culture and cycle of dependency, economic crisis, finance, incompetence and mismanagement, Puerto Rico economic crisis, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Puerto Rico Filed for Bankruptcy. Are You Surprised?: Joe Mysak 5-4-17 Bloomberg

https://www.bloomberg.com/news/articles/2017-05-04/puerto-rico-filed-for-bankruptcy-are-you-surprised-joe-mysak Puerto Rico Filed for Bankruptcy. Are You Surprised?: Joe Mysak by Joseph Mysak Jr @JoeMysak ‎May‎ ‎4‎, ‎2017‎ ‎2‎:‎15‎ ‎PM‎ ‎-04 Millstein Says Title III Was Inevitable for Puerto Rico When things get insane, municipalities can change the rules. … Continue reading

Posted in Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Puerto Rico cannot compete with other Caribbean islands due to the Jones Act, minimum wage laws, excessive debt, per Peter Schiff

Puerto Rico cannot compete with the other Caribbean islands due to the Jones Act, minimum wage laws, excessive debt, per Peter Schiff.  His mains recommendations are to eliminate the Jones Act, eliminate minimum wage laws, restructure the debt.

Posted in +best, most popular posts about Puerto Rico, analysis and opinion, culture and cycle of dependency, minimum wage laws are harmful to society, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Helping Puerto Rico may start a whole new wave of bailouts

http://nypost.com/2016/03/22/helping-puerto-rico-may-start-a-whole-new-wave-of-bailouts Helping Puerto Rico may start a whole new wave of bailouts By Betsy McCaughey March 22, 2016 | 8:54pm If you have a retirement fund or pension, or you’re a taxpayer, get ready to have your pockets picked. The … Continue reading

Posted in analysis and opinion, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment