Tag Archives: default

Puerto Rico’s poor economy is rooted in counter-productive Puerto Rican government policies

https://www.washingtonpost.com/opinions/dont-blame-puerto-ricos-poor-economy-on-hurricanes/2018/12/17/206a5734-f181-11e8-9240-e8028a62c722_story.html The Puerto Rican government is the problem by having policies that encourage people to be on welfare, to discourage them from working.  It’s simple logic, in that one will get more behavior that is rewarded and less behavior that … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, Hurricane Maria and after effects, Puerto Ricans and Puerto Rico people, Puerto Rico necessary improvements | Tagged , , , , , , , , , , , , , | Leave a comment

Venezuela’s Default Disaster

Puerto Rico would be in a similar situation if not for the USA Federal Government bailing them out. https://mises.org/wire/venezuelas-default-disaster Venezuela’s Default Disaster 42 Comments Tags Global EconomyMoney and BanksMoney and Banking 11/20/2017Daniel Lacalle Socialism always promises heaven and gives hell. … Continue reading

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Venezuela Goes Bust. How is this different than Puerto Rico running out of money, long before the hurricanes hit PR?

You should read the comments at the end as well. https://www.wsj.com/articles/venezuela-goes-bust-1510703305 Venezuela Goes Bust Another lesson in the price of lending to a socialist regime. Venezuela’s President Nicolás Maduro in Caracas, Venezuela, Nov. 12. Photo: Miraflores Palace/Handout via REUTERS By … Continue reading

Posted in culture and cycle of dependency, Puerto Rico > Venezuela > Socialism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Puerto Rico credit unions not alarmed by decision to ask Fiscal Board to file bankruptcy under Title III

How can they NOT be alarmed? http://caribbeanbusiness.com/28116-2 Puerto Rico credit unions not alarmed by decision to ask Fiscal Board to file bankruptcy under Title III – Caribbean Business Puerto Rico credit unions not alarmed by decision to ask Fiscal Board … Continue reading

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Each Day 11 Puerto Ricans Lose Their Homes for Defaulting on Mortgages

http://www.laht.com/article.asp?CategoryId=14092&ArticleId=2405812 2-16-16 Each Day 11 Puerto Ricans Lose Their Homes for Defaulting on Mortgages SAN JUAN – An average of 11 Puerto Ricans per day lose their homes for defaulting on their mortgages, an increasing problem on the island, which … Continue reading

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Economic Crisis Causes Greatest Exodus in Puerto Rico’s History

http://www.laht.com/article.asp?CategoryId=14092&ArticleId=2411359 5-3-16 Economic Crisis Causes Greatest Exodus in Puerto Rico’s History SAN JUAN – The severe economic crisis that the U.S. commonwealth of Puerto Rico has gone through over the past 10 years has caused the greatest exodus in its … Continue reading

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Puerto Rico’s Newest Problem: The Population Can Leave Even If The Debts Don’t

Puerto Rico is a lesson in the failure of Socialism as it drives the productive members of society to leave or work less, just as it happened in Cuba and Venezuela, Puerto Rico’s Latin neighbors. http://www.forbes.com/sites/timworstall/2016/01/05/puerto-ricos-newest-problem-the-population-can-leave-even-if-the-debts-dont/#7318f6fb3812 Jan 5, 2016 @ … Continue reading

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