Op-Ed: Tourism in times of crisis
July 25, 2019
In recent weeks, our island has experienced moments of great tension that have affected all sectors of our society. We have seen how the central government has collapsed and with it everything, including tourism. The fact that the Tourism Company remained silent and static is not surprising because the goal of this administration’s public policy […]
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Op-Ed: Oversight Board admits scandal is a problem, but then ignores it
July 22, 2019
Author Cathy Kunkel ([email protected]) is an IEEFA energy analyst. Author Tom Sanzillo ([email protected]) is IEEFA’s Director of Finance. On Friday, July 12, José Carrión, chairman of the Financial Oversight and Management Board for Puerto Rico, noted that the recent corruption and other scandals over the past couple of weeks would negatively impact the island’s economic […]
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Op-Ed: Needed — Independent inspector general, review of all contracts
July 17, 2019
The Puerto Rican government has imploded spectacularly over the last two weeks. Multiple cabinet-level officials have resigned or been fired, and former cabinet officials have been arrested in an FBI corruption probe. The scandal has led to an overwhelming call for Gov. Ricardo Rosselló to resign. Two former cabinet officials, as well as several individuals […]
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Op-Ed: Digitization, 1st step to reduce internal costs, improve customer experience
July 12, 2019
If there’s something that mobile and other portable equipment has achieved is to make life easier for everyone at multiple levels. With it you take pictures and share them instantly or access links that provide all kinds of information in nanoseconds. Now, can you do the same with your business documents? Every company or institution […]
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Op-Ed: The printer, a vulnerable point for cyber attacks
July 2, 2019
** Paid advertorial ** Companies are increasingly exposed to losses due to the increasing sophistication of cyber attacks and the emergence of internal threats. Companies face a dilemma to balance productivity with the need for privacy and security. One area of the IT ecosystem that is often overlooked is the printing infrastructure. Most organizations rely […]
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Op-Ed: The far-reaching effects if P.R. snubs precedent and the rule of law
June 28, 2019
The current Financial Oversight and Management Board for Puerto Rico is attempting to invalidate more than $6 billion of general obligation bonds and to initiate clawbacks of principal and interest payments to bondholders. It claims that the bonds were issued in excess of a Puerto Rico constitutional debt limit, notwithstanding the Commonwealth’s specific representations to […]
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Op-Ed: The myth of P.R. as mecca of engineering and surveying
June 24, 2019
Without a doubt, you have heard innumerable times that Puerto Rico is “a mecca for engineering and surveying.” We derive a lot of pride from thinking that the best firms in the world “come to Puerto Rico to recruit” engineers and surveyors. Today I want to open our eyes to an undeniable reality that contrasts […]
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Op-Ed: SBA MaTCH competition ignites workforce development, problem solving
June 21, 2019
The U.S. Small Business Administration kicked off a new Makerspace Training, Collaboration and Hiring (MaTCH) pilot competition to help employers find workers with the skills they need. As the United States reaches historic levels of job creation due to the pro-growth economic policies set by President Trump and his administration, the American job market has […]
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Op-Ed: Hurricane season is here. Are you ready?
June 6, 2019
The 2019 Atlantic hurricane season began June 1. With natural disasters and extreme weather on the rise, it’s critical to be prepared and ready to respond. That’s why Eli Lilly and Company and two disaster relief organizations — Healthcare Ready and Direct Relief — are working to help people prepare for disasters and ensure medicines […]
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Op-Ed: An inclusive census
June 5, 2019
The Constitutions of the United States and Puerto Rico require a decennial census that serves to update the geographical design of the electoral districts that make up the legislative bodies, the so-called electoral apportionment or redistribution. This process aims to make each district represent a similar number of people, to avoid concentrating political power in […]
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Op-Ed: The giant of real estate is awakened in the Convention District
June 4, 2019
The Convention District is … a dynamic real estate development strategy aimed at, and specialized in, groups and conventions. Just six miles from the international airport and surrounded by the captivating magic of Old San Juan, Condado and Miramar, its location is perfect and makes of this compound, a jewel of real estate with exponential […]
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Op-Ed: Rosselló ignores facts, misleads public about PREPA debt deal, IEEFA says
June 3, 2019
Supporters of the Puerto Rico Electric Power Authority’s proposed debt restructuring agreement — including Gov. Ricardo Rosselló and PREPA Executive Director José Ortiz — have recently argued that the rate increase imposed by the agreement will be mitigated by operational savings that will lower electricity rates. The governor’s and PREPA’s public statements about rate decreases […]
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Op-Ed: P.R. governor looks to Wall Street cash to fund re-election bid
May 29, 2019
Campaign contributions from law firms to elected officials who issue bonds and appoint lawyers and underwriters — often known as a “pay to play” system — are poison. (Perhaps the best work on this subject is a seminal speech by Arthur Levitt, former chair of the Securities and Exchange Commission, in 1997.) A campaign fundraiser for Puerto […]
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OpEd: P.R. brands need to think about scale, consumer diversity when expanding to U.S.
May 28, 2019
In recent years, we’ve seen the interest among Puerto Rican brands to expand their sales by exporting their products or expanding operations to Orlando and Central Florida. This makes all the sense in the world. Initial estimates suggested a wave of more than 300,000 Puerto Ricans who had relocated to this region. And, Puerto Ricans […]
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Op-Ed: CNE reviews PREPA’s debt restructuring agreement, 3.0
May 24, 2019
The proposed Restructuring Support Agreement for the Puerto Rico Electric Power Authority is not a good transaction for Puerto Rico. Its terms and conditions are overly generous to creditors; it discourages the transition to distributed renewable generation; it is uncertain whether it provides the debt relief necessary to maintain PREPA as a going concern, while […]
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