Tag Archives: PROMESA

Lin-Manuel Miranda: Puerto Rico needs “debt forgiveness” to recover

Since Lin-Manuel Miranda believes the debts that Puerto Rico incurred should be forgiven, to not honor the commitment to pay their loans, will Miranda stop charging for all his Hamilton shows or allow  you to “promise” to pay later?  A … Continue reading

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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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Oversight board gives Puerto Rico gov until Feb. 12 to make changes to fiscal plans

Many good ideas in the recommendations. http://caribbeanbusiness.com/oversight-board-gives-puerto-rico-gov-until-feb-12-to-make-changes-to-fiscal-plans Oversight board gives Puerto Rico gov until Feb. 12 to make changes to fiscal plans By Eva Lloréns Vélez on February 5, 2018 SAN JUAN – Puerto Rico Financial Oversight and Management Board … Continue reading

Posted in culture and cycle of dependency, economic crisis, Hurricane Maria and after effects, Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , , , , , , | Leave a comment

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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