The governor is not asking for the federal government to bail them out of this problem. Puerto Rico only asking for the right to declare bankruptcy, which is the same right that states have. Because Puerto Rico is not a state, it cannot avail itself of the provision in federal bankruptcy law that enables cities like Detroit to restructure its debt in an orderly fashion.
The announcement that the banks and stock market in Greece would be closed was made by the Greek Prime Minister on Sunday, June 28, 2015. Within 24 hours, markets around the world declined in value. There wasn't any country you could escape to for safety.
As the recent global financial crisis taught us, privatizing gains while socializing losses is a dangerous economic policy and financial contagion cannot be easily quantified or reversed.
Over the last decade, Puerto Rico has become the Culinary Capitol of the Caribbean. The key to Travel on your Tongue, is "go where the tourists ain't," to find the authentic flavors that will make you drool long after you get back home. You won't find these places on your own. Luckily, I'm here to help.
Standing in Vieques today you may still see bombs exploding as the result of detonation, or hear that local lands remain in federal hands or notice that the ferries from Vieques to mainland Puerto Rico are full of Viequenses seeking health services, many for complicated and serious illnesses.
Every room is directly on the beach, and guests have access to infinity pools, three distinct golf courses, and the luscious five-acre Spa Botánico.
I'll admit it: I was a little late to the Puerto Rico game. Thankfully, due to Snowmageddon this year, I finally cottoned on to our cousin in the Caribbean. Now that I've drunk the Kool-Aid, I'm bound and determined to get everyone there.
Go now and school your friends and family. It's that good.
Puerto Rico, though it is not a state, has the privilege of issuing municipal bonds. Interest on those bonds is free from U.S. taxes. Typical municipal bonds pay 3 percent returns these days. But Puerto Rico's municipal bonds pay 8 percent or more.
As I've said before, Puerto Rico's legitimacy as a major destination for business is often tarnished by its unfortunate fiscal deficit. Business media outlets' fixation with the island's debt has completely overshadowed Puerto Rico's unprecedented drive for economic development.
The dog and model du jour are none other than Brendon Beck of "Beck and Call Catering" and @Rincon_da-bully Photographer Ysa Perez followed these two around for a day to learn the ins and outs of catering, cuteness, and mutual respect for each other.
Though I'm hardly a reggeaton convert, I have to give it up to HBO Latino and Yandel for putting together a concert special -- and subsequent pre-screening event -- that showcases how the ever-evolving genre has united people from different socioeconomic backgrounds and generations to build a diverse community of music lovers.
Some of you may wonder why I sent an email to one of the busiest CEOs on the planet. Well, aside from the fact that Mr. Cook occasionally replies to emails from users, there is also sense of urgency in showcasing Puerto Rico to the world.
Not only is Cuba's tourism infrastructure way behind the times, the country could not be in a more competitive tourism region; Caribbean nations, some of which rely almost entirely on tourism dollars, have long since written the book when it comes to satisfying every last whim.
Mary Lee Alvarez lives in Guánica, Puerto Rico. I refer to her in my HP Blog bio as one of my three fairy godmothers who helped me rescue a dog. But due to her stature and magical quality she is the main fairy godmother and I mean that in the best way possible despite the hokey Disney sparkly connotations that come along with it.
Oskar Rodriguez is tired, but smiling with excitement. He is currently filming season 3 of the web-series East Los High.