Tag Archives: oversight board

Puerto Rico Oversight Board Unveils University Fiscal Plan

https://www.bnnbloomberg.ca/puerto-rico-oversight-board-unveils-university-fiscal-plan-1.1451579 Puerto Rico Oversight Board Unveils University Fiscal Plan Jim Wyss, Bloomberg News 6-16-20 (Bloomberg) — Facing declining enrollment, a bloated pension system and more than $341 million in debt, the University of Puerto Rico needs to cut spending, boost … Continue reading

Posted in Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Puerto Rican Government defends response to the Coronavirus Covid-19 emergency

https://www.elnuevodia.com/english/english/nota/governmentdefendsresponsetotheemergency-2560744 Government defends response to the emergency The Board director said that this administration has been slow in the use of funds available to address the COVID-19 emergency Monday, April 13, 2020 – 12:12 PM By Leysa Caro González (Ramón … Continue reading

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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 aftermath, Puerto Ricans and Puerto Rico people, Puerto Rico necessary improvements | Tagged , , , , , , , , , , , , , | Leave a comment

Puerto Rican college student illustrates why the Fiscal Oversight Board is necessary to rein in corruption and mismanagement in PR government

https://yaledailynews.com/blog/2018/11/16/wolpert-gaztambide-integrating-puerto-rico WOLPERT GAZTAMBIDE: Integrating Puerto Rico Christian Wolpert Gaztambide 1:44 am, Nov 16, 2018 Guest Columnist In the wake of Hurricane Maria, various campus organizations have mobilized against Yale’s holdings in mutual funds that hold Puerto Rican bonds. While I … Continue reading

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Oversight Board proposes adjustments and consolidation for Cossec

The Puerto Rico government forced the cooperativos, aka credit unions, to buy Puerto Rican bonds, which are now considered junk. Sounds like if the cooperativos had to mark these assets to market, many would be insolvent. So the regulator is … Continue reading

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Puerto Rico Doesn’t Want Reform

  https://www.wsj.com/articles/puerto-rico-doesnt-want-reform-1511730516 Puerto Rico Doesn’t Want Reform The Promesa law, not Hurricane Maria, is the real culprit behind the island’s troubles. Puerto Rico Electric Power Authority employees fix power lines in San Juan, Oct. 19. Photo: Xavier Garcia/Bloomberg News By … Continue reading

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Puerto Rico needs an IMF-style economic plan

  https://www.aei.org/publication/puerto-rico-needs-an-imf-style-economic-plan Desmond Lachman October 27, 2017 | Real Clear Markets Puerto Rico needs an IMF-style economic plan Economics, International Economics It would be an understatement to state that the hurricane-battered Puerto Rican economy is at serious risk of entering … 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 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 Slide 5-9-17 Bloomberg

https://www.bloomberg.com/quicktake/puerto-ricos-slide Puerto Rico’s Slide By Michelle Kaske | Updated May 9, 2017 1:54 PM UTC Puerto Rico has the population of Connecticut and an economy smaller than Nebraska’s. It also has more debt — $70 billion — than any U.S. state government except California, New … Continue reading

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