Tag Archives: insolvent

After Disasters, Puerto Ricans Are Left With $1.6 Billion in Unpaid Insurance Claims

This is a great injustice, for insurance policyholders not getting paid by their insurance company.  Why should someone pay for insurance if they aren’t going to get reimbursed when they have a valid claim?   After Disasters, Puerto Ricans Are … Continue reading

Posted in bad businesses and organizations to avoid, economic crisis, Hurricane Maria and aftermath, 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 co-ops unfazed by debt-forgiveness talk, Moody’s downgrade

  http://caribbeanbusiness.com/puerto-rico-co-ops-unmoved-by-debt-forgiveness-talk-moodys-downgrade Puerto Rico co-ops unfazed by debt-forgiveness talk, Moody’s downgrade By Eva Lloréns Vélez on October 16, 2017 SAN JUAN –  Cooperatives Supervision & Insurance Corp. (Cossec by its Spanish acronym) Chairwoman Ivelisse Torres said Puerto Rico credit unions, … Continue reading

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Cossec: Co-ops solvent, but face cash-flow problems

  http://caribbeanbusiness.com/cossec-co-ops-solvent-but-face-cash-flow-problems Cossec: Co-ops solvent, but face cash-flow problems By Eva Lloréns Vélez on August 12, 2017 Editor’s note: The following article originally appeared in the August 10 print edition of Caribbean Business. SAN JUAN — While the Cooperatives Supervision … Continue reading

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Far from NYC parade, Puerto Ricans to vote on island’s fate

http://nypost.com/2017/06/09/far-from-nyc-parade-puerto-ricans-to-vote-on-islands-fate Far from NYC parade, Puerto Ricans to vote on island’s fate By Danika Fears June 9, 2017 | 12:13am Thousands of Puerto Rican revelers clad in red, white and blue will hit the streets of New York City on Sunday … 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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Wal-Mart Transfer-Pricing Tax Declared Unconstitutional

It’s common sense that one cannot, for long, spend more than their income.  Doing this for long time periods is destructive and irresponsible.  Our leaders in PR and the USA Federal Government have failed us, we the people.  Discriminatory taxation … Continue reading

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