Tag Archives: fiscal

Puerto Rico struggles to save historic buildings amid crisis

Another consequence of fiscal irresponsibility. http://abcnews.go.com/International/wireStory/puerto-rico-struggles-save-historic-buildings-amid-crisis-48367251 Puerto Rico struggles to save historic buildings amid crisis By danica coto, associated press ·SAN JUAN, Puerto Rico — Jun 30, 2017, 2:30 AM ET In this June 22, 2017 photo, architect Andy Rivera … Continue reading

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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

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Puerto Rico’s Exodus Is Speeding the Island’s Economic Collapse

https://www.bloomberg.com/news/articles/2017-06-02/-i-had-to-choose-for-my-family-thousands-fleeing-puerto-rico Puerto Rico’s Exodus Is Speeding the Island’s Economic Collapse by Jonathan Levin @JonathanJLevinMore stories by Jonathan Levin and Rebecca Spalding @rcurtisspaldingMore stories by Rebecca Spalding ‎June‎ ‎2‎, ‎2017‎ ‎6‎:‎00‎ ‎AM‎ ‎-04 Exodus from island means economic resurgence will be … Continue reading

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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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Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island

https://www.nytimes.com/2017/05/06/us/puerto-rico-insolvency-business-owners-anxiety.html Puerto Ricans Face ‘Sacrifice Everywhere’ on an Insolvent Island By FRANCES ROBLES MAY 6, 2017 Workers at the Río Piedras terminal in San Juan, Puerto Rico, face waning business. Transportation businesses have been hurt by the economic crisis as … Continue reading

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P.R. ranks dead last in fiscal solvency among U.S. states

P.R. ranks dead last in fiscal solvency among U.S. states Written by Michelle Kantrow  //  June 2, 2016  //  Economy A study by the Mercatus Center at George Mason University released Wednesday showed that on the basis of its fiscal … Continue reading

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Op-Ed: Origins of the Puerto Rico fiscal crisis

Op-Ed: Origins of the Puerto Rico fiscal crisis To read the full report in PDF format, click here: http://mercatus.org/sites/default/files/Joffe-Puerto-Rico-Fiscal-Crisis-v1.pdf May 12, 2016 Author Marc Joffe is the principal consultant at Public Sector Credit Solutions, a research group that analyzes government … Continue reading

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