Tag Archives: Puerto Rican

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

Posted in banking and credit unions | Tagged , , , , , , , , , , , , , , , | Leave a comment

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

Posted in banking and credit unions | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Puerto Rican evacuees in Central Florida fret over housing as officials point fingers

http://www.orlandosentinel.com/news/puerto-rico-hurricane-recovery/os-puerto-ricans-displaced-housing-central-florida-20180116-story.html Puerto Rican evacuees in Central Florida fret over housing as officials point fingers Maria Baez Claudio, who has benefited from FEMA’s Transitional Shelter Assistance, worries about long term housing options for her and her 5-year-old grandson with special needs. … Continue reading

Posted in Hurricane Maria and after effects | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in culture and cycle of dependency, Puerto Rico economic crisis | Tagged , , , , , , , , , , , | Leave a comment

In Florida, all eyes on Puerto Rican voters after Maria

Read also, this opinion article, why Democrats want Puerto Rico to fail, to encourage more Puerto Ricans to move to the states, and to vote for Democrats. https://puertoriconewcomer.wordpress.com/2017/10/13/the-mess-of-puerto-rico-long-before-hurricane-maria-hit-the-island === https://www.yahoo.com/news/florida-eyes-puerto-rican-voters-maria-140106480.html In Florida, all eyes on Puerto Rican voters after Maria … Continue reading

Posted in Hurricane Maria and after effects, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Puerto Rico’s leaders don’t know who has power. Most Puerto Ricans STILL don’t have power, 50 days after Hurricane Maria!

42% power generation in PR as of 11-8-17 does little good when less than 5% of Puerto Ricans have electricity, even 50 days after Hurricane Maria. Upper right box shows the government-owned monopoly’s power generation at Status.PR. http://status.pr The discrepancy … Continue reading

Posted in Hurricane Maria and after effects, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , | 1 Comment

Report: Puerto Rico Exodus to Increase in the Next 2 Years

http://caribbeanbusiness.com/report-puerto-rico-exodus-to-increase-in-the-next-2-years Report: Puerto Rico Exodus to Increase in the Next 2 Years By Rosario Fajardo on October 30, 2017 SAN JUAN – A report by Hunter College’s Center for Puerto Rican Studies projects that outmigration from the island as a … Continue reading

Posted in Hurricane Maria and after effects | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment