Tag Archives: fiscal

Here’s how an obscure tax change sank Puerto Rico’s economy

https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html Here’s how an obscure tax change sank Puerto Rico’s economy Even before a devastating hurricane brought Puerto Rico to a near standstill, the government there was struggling with an economy in shambles and a default on billions of dollars … Continue reading

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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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