Tag Archives: reforms

Fiscal Oversight Board’s letter detailing plan of action to Puerto Rico 12-20-2016

rec-end.gfrcdn.net/docs/editor/carta_junta.pdf FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO Members Andrew J. Biggs Carlos M. García Arthur J. González José R. González Ana J. Matosantos David A. Skeel, Jr. José B. Carrión III Chair December 20, 2016 SENT VIA ELECTRONIC … Continue reading

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Puerto Rico’s other crisis: impoverished pensions

http://www.reuters.com/investigates/special-report/usa-puertorico-pensions Uneasy Island Puerto Rico’s other crisis: impoverished pensions By Nick Brown Filed April 7, 2016, 3:10 p.m. GMT For years, the territory’s government piled on the benefits without paying for them. Now, it faces the prospect of stiffing retirees, … Continue reading

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Where’s the Long-Term Plan for Puerto Rico’s Fiscal Crisis?

USA overall labor force participation rate 63% vs 40% in Puerto Rico because far more able-bodied people in PR are choosing not to work, instead choosing to live on welfare. http://blogs.wsj.com/washwire/2016/01/04/wheres-the-long-term-plan-for-puerto-ricos-financial-crisis Where’s the Long-Term Plan for Puerto Rico’s Fiscal Crisis? … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, minimum wage laws are harmful to society, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment