Op-Ed: Puerto Rico, the sum of its parts
November 10, 2014
Puerto Rico’s economic situation raises serious questions about the capacity of policymakers to get it under control.
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Urban planner offers tough talk on Cuba’s economic prospects
November 10, 2014
When Miguel Coyula discusses Cuba’s struggling economy, he sounds more like a Miami-based critic of the Castro regime than a retired Cuban official visiting the United States on a lecture tour, then going back home to Havana.
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Analysts debate Puerto Rico debt crisis at Brookings seminar
November 7, 2014
WASHINGTON — More than 100 people crammed into a conference room at one of Washington’s most prestigious think tanks Thursday to hear three experts dissect what exactly caused Puerto Rico’s worsening debt crisis and how to fix it.
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Puerto Rico debt crisis focus of Brookings panel
November 4, 2014
On Nov. 6, the Brookings Institution — one of Washington’s most prestigious think tanks — will delve into the origins of Puerto Rico’s $73 billion debt crisis and what can be done to nurse the island’s ailing economy back to health.
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Puerto Rico to host 96 conventions through Jan.
November 4, 2014
Puerto Rico has been selected to host 96 events including, conferences, annual meetings and sports activities for this winter season. This represents an estimated 40,894 room nights and a total direct spending of $23 million into the local economy, Meet Puerto Rico President Milton Segarra said Monday.
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Op-Ed: Puerto Rico needs a financial control board
October 27, 2014
A renewed slide in investor confidence, on the heels of worsening economic and budgetary trends in Puerto Rico, raises the specter that in the absence of enlightened political leadership in San Juan, the U.S. Congress may soon have to establish a federal oversight board to manage the Commonwealth’s grave fiscal situation.
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Study: Puerto Ricans’ personal wealth down 22%
October 7, 2014
Puerto Rico residents have seen their personal wealth levels drop by a whopping 22 percent between 2009 and 2013, based on the performance of the Puerto Rico Stock Index over that same period of time, according to an analysis of the numbers by private firm H. Calero Consulting.
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Call for researchers a ‘success,’ says Science Trust
October 1, 2014
The recent call by the Puerto Rico Science, Technology and Research Trust, for local researchers to opt for grants in various areas generated “great enthusiasm” among scientists and researchers from the island, to the point that 234 letters of intent received exceeded the projected amount the entity expected to receive by 200 percent.
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Puerto Rico economic activity index -1.1% YOY in Aug.
September 29, 2014
Puerto Rico’s economic activity index reflected yet another drop in August, when results were down 1.1 percent when compared to the same month last year, according to data released late Friday by the Government Development Bank.
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Treasury wants to erase ‘uncertainty’ from tax code
September 12, 2014
The Puerto Rico Treasury Department has spent the last seven months working with a team of local and international experts in tax, fiscal and economic matters to propose an overhaul to the island’s Internal Revenue Code that ultimately should eliminate the “uncertainty” associated with elements of the decades-old statute, agency Chief Melba Acosta told members of the media Thursday.
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Migration aggravating island’s battered housing market
September 11, 2014
The accelerated rate at which Puerto Rico is losing population — particularly the younger, productive segment — is placing significant pressure on the island’s housing market, which continues to experience ongoing decreases in sales and rental activity.
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Private sector group to tout Puerto Rico’s advantages
September 11, 2014
Members of a newly formed nonprofit, non-partisan organization under the name Puerto Rico is the Answer has taken upon itself the task of actively help international investor prospects identify and set up attractive business ventures on the island, using fiscal autonomy as the cornerstone of the effort.
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‘Puerto Rico is the Answer:’ New investment think-tank
September 9, 2014
With the goal of stimulating the investment of national and foreign capital, a group of Puerto Rican experts in the fields of finance and economy have come together to create action-tank “Puerto Rico is the Answer,” to drum up investments for the island.
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Economist: Island recession not consumption-driven
September 8, 2014
The recession that has affected Puerto Rico’s economy for the better part of the last eight years has not been consumption-driven, but has been the worst in terms of consumption deceleration, especially in the area of durable consumption, an analysis by economist firm H. Calero Consulting Group Inc. concluded.
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PRHTA convention fixing on sector’s economic benefits
September 8, 2014
Under the theme “Window of Opportunities,” the Puerto Rico Hotel and Tourism Association will celebrate its annual convention Sept. 8-10 at the Condado Plaza Hilton hotel, during which it will focus on the industry’s contributions to the island’s economic development.
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