Governor of Puerto Rico refuses to pay $422 million to Wall Street…and the island DEFAULTS

  In a televised speech, Gov. Alejandro Garcia Padilla announced that Puerto Rico will NOT make the May 1 or May 2 payment of $422 million to Wall Street bondholders.   The governor also denounced “a brutal campaign… Read More

Crisis in Puerto Rico: Nelson Denis column in the National Journal

Puerto Rico is finally receiving some attention.  On July 2, the New York Times called for Jones Act reform: an end to the archaic Law of Cabotage, which has crippled the island’s shipping industry for 95 years.  Over… Read More

ABC TV Reports on Jones Act Reform and Puerto Rico’s $73 Billion Debt…on TIEMPO

  On July 5, 2015, ABC TV devoted a special segment to discussing the economic crisis in Puerto Rico.  On TIEMPO with Joe Torres, the subjects included the need for a shipping industry in Puerto Rico, and the… Read More

C-SPAN Interview with Author Nelson Denis

With Puerto Rico on the edge of bankruptcy, and its Governor Alejandro Garcia Padilla declaring that its public debt of $73 billion is “not payable,” C-SPAN has just released an hour-long interview on the War Against All Puerto… Read More

U.S. Government Prepares to STRANGLE Puerto Rico

  It finally happened. For the past three months, I have been warning that the U.S. was preparing to establish a “Financial Control Board” over Puerto Rico. I kept on warning about it. No one listened very seriously…. Read More