A Guided Tour of Puerto Rico’s Financial Control Board

  As a service to our readers, here is a guided tour of the Financial Control Board that will soon rule over Puerto Rico. The following photos illustrate the methods and government philosophy, that this Control Board will… Read More

Financial Control Board in Puerto Rico will be authorized to receive “gifts” from anyone, and in any amount

  The Financial Control Board which will rule over Puerto Rico is supposed to be represent “good government,” and to fight against corruption and bribery. But the law which creates this Board has a specific provision (Section 104-d)… Read More

Se chavó el gobernador de Puerto Rico: the U.S. Senate demands information

  Governor Alejandro Garcia Padilla is in a world-class mess. As of February 10, 2016, the U.S. Senate sent him a nine-page, single-spaced letter, demanding answers to over four dozen questions. It also demanded 63 separate financial accountings,… Read More

Anatomy of a Con Ed electricity bill: how Puerto Ricans get screwed

  Here is a portion of my latest electricity bill from Con Edison: After the government finished screwing me – with sales taxes, franchise fees and other nonsense – my total bill was $102. This wasn’t too bad…. Read More

Gov. Andrew Cuomo visits Puerto Rico, rearranges the deck chairs on the Titanic

  Andrew Cuomo and Alejandro Garcia Padilla, the governors of New York and Puerto Rico, have found a solution to Puerto Rico’s fiscal crisis. They opened a little souvenir shop in San Juan, called I NY, that will… Read More