Tag Archives: PROMESA

The goal of the Fiscal Oversight Board is a new government culture to root out corruption and cronyism, to create an environment that generates jobs instead of making people dependent on welfare, to practice financial discipline instead of overspending

  https://www.elnuevodia.com/english/english/nota/thegoalisanewgovernmentculture-2579499 The goal is a new government culture The chairman of the Oversight Board José Carrión III and also member Carlos García have announced their resignations after the Supreme Court ruled appointments to the Board are constitutional, and just … Continue reading

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

Puerto Rico’s Political Meltdown with Governor Ricardo Rosselló Announcing his Resignation

Socialism has always failed and will continue to always fail, yet politicians persuade citizens who are ignorant of history as they fall for promises of “free stuff.” https://www.wsj.com/articles/puerto-ricos-political-meltdown-11564010349 Click link for video Puerto Rico’s Political Meltdown The island needs leaders … Continue reading

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

When Will Renewables Flourish in Puerto Rico?

Renewables won’t flourish when people are punished with excessive fees, cumbersome regulations.  “Wilson said the RSA-mandated fee would violate Act 17’s ban on direct or indirect fees on renewable energy consumption. He said the proposed 2.7 cents per kilowatt-hour fee … Continue reading

Posted in analysis and opinion, renewable energy, solar energy, utilities for getting established | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in culture and cycle of dependency, economic crisis, Puerto Rico economic crisis | 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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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 aftermath, 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

Posted in Hurricane Maria and aftermath, Puerto Rico economic crisis | Tagged , , , , | Leave a comment

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

Posted in Puerto Ricans and Puerto Rico people | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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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