Puerto Rico’s fiscal crisis is the direct result of poor governance and mismanagement, and an inefficient welfare system and over-regulation is only making things worse, argued a five-member expert panel meeting in Washington.
WASHINGTON — José Raúl Perales, a Santurce-born regional trade expert who spent years advising the Puerto Rican government — and later the U.S. private sector and the Department of Homeland Security — says bankruptcy protection and tax breaks alone won’t help the island regain its long-term competitiveness against global rivals.
WASHINGTON — The prognosis for Puerto Rico’s health system is already critical and will only get worse if Congress doesn’t act fast, warned a panel of doctors and finance experts meeting on Capitol Hill this week.
Former Washington, D.C. Mayor Anthony A. Williams, who steered the nation’s capital from financial ruin to prosperity, told U.S. lawmakers Tuesday that solving the immediate fiscal crisis, while absolutely essential, will not alone be sufficient to bring Puerto Rico back to the position of economic self-sufficiency.
WASHINGTON — A restructuring deal between the deeply indebted Puerto Rico Electric Power Authority and most of its creditors came under scrutiny during a Tuesday oversight hearing here by the House Subcommittee on Energy and Mineral Resources.
Former Puerto Rico Gov. Luis Fortuño will advise the International Republican Institute on global political issues, the Washington-based nonprofit announced this week.
WASHINGTON — The highly controversial Trans-Pacific Partnership could be an economic bonanza for Latin America and the Caribbean, even for countries that aren’t signatories to the 12-nation trade accord, say experts speaking at a recent panel.
WASHINGTON — Vowing he’d refuse to support legislation “that does not respond to the needs of the people of Puerto Rico,” Rep. Luis Gutiérrez (D-Ill.) promised Tuesday he’d do everything in his power to help the island overcome its fiscal nightmare.
WASHINGTON — The debate over extending Chapter 9 bankruptcy protection to Puerto Rico and the possible creation of a federal fiscal control board to manage the island’s troubled finances took center stage Tuesday at a Senate Judiciary Committee hearing.
WASHINGTON — Mitigating the expected ravages of climate change — let alone investing in sustainable infrastructure projects — won’t come cheap, say finance experts who calculate the cost at a staggering $110 billion a year for Latin America alone.
With only 73,000 inhabitants, the Caribbean island of Dominica lacks beaches but is blessed with pristine waterfalls, virgin rainforests and an unusual boiling lake situated in Morne Trois Pitons National Park, only six miles due east of the capital, Roseau.
One month after Haitians went to the polls to choose a new president, Haiti’s electoral council has announced the official results — triggering violent protests by supporters of Moise Jean-Charles, who finished third in the Oct. 25 election.
WASHINGTON — The two most prominent progressives in the U.S. Senate urged the federal government Thursday to help Puerto Rico stand up against the “vultures” they largely blame for the island’s current fiscal nightmare.
On Sept. 30, a mostly empty Boeing 747 lifted off from Baltimore-Washington International Airport bound for Havana — ushering in the first regularly scheduled air service between the U.S. and Cuban capitals since the two nations broke diplomatic ties more than half a century earlier.
Puerto Rico is $73 billion in the hole, a sustained drought recently led to severe water shortages — at one point forcing some San Juan residents to limit their showers to two a week — and potential rival Cuba is about to open up the floodgates to U.S. visitors.
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