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
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
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
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
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