This week's Senate Finance Committee hearing on Puerto Rico's financial and economic challenges brought overdue attention to the island's inadequate Medicaid funding. Unlike the 50 states and the District of Columbia, Puerto Rico is limited to a low, fixed amount of funding.
What will it take for more scholars and activists to recognize the damage this fabrication does to Puerto Rico's history? The anti-colonial struggle will not be won with fabrications.
Although some octogenarians are showing signs of Alzheimer's disease or dementia, Miss Betty dubbed her art exhibit as "Memory Lane" and guided us thru her seaside adventures in Portugal...
(Photo: U.S. Virgin Islands Department of Tourism) No passport? No problem! These world-class beaches in exotic locales don't require anything m...
Puerto Rico is imploding. Every major media outlet in the world has written about our government's failure to repay billions in loans to the United States and private investors who put their money into government bonds.
Chapter 9 is part of the solution to Puerto Rico's complicated debt and liquidity crisis. The alternative -- doing nothing and watching bondholders subject Puerto Rico to years of litigation and chaos -- would be a disaster for a business community that thrives on predictability and order.
Today, the Earth got a little hotter, and a little more crowded.
When the Puerto Rico debt crisis burst into the news, Puerto Rico Governor Alejandro García Padilla pronounced that the Commonwealth's debt crisis "is not about politics." Of course, to paraphrase H.L. Menken, when a politician says something is not about politics, chances are it's all about politics.
Because of Puerto Rico's colonial status, the island's residents have never had any say over the imposed U.S. economic, trade and monetary policies which contributed significantly to the current economic crisis. So why are they now being asked to shoulder the bulk of the burden through austerity?
Could marijuana legalization save the Puerto Rican economy? Right now, marijuana possession in Puerto Rico is a serious crime and first-time offenders are slapped with a felony, two to five years in prison and up to a $5,000 fine. But with legalized pot, Puerto Rico can use the tax revenues and fees it collects to help pay off the debt.
Given Puerto Rico's heightened media visibility, no doubt the world now has its eyes on how the United States will respond to the needs of the island, one of the last colonies in the world.
Although a variety of suggestions have been proposed to save the island from default, here are four reasons a clearly articulated, multi-year transition to independence is the only long-term viable solution for Puerto Rico.
Puerto Rico's economic crisis is nothing to laugh about. Drawing comparisons to Greece and Detroit could be illustrative, but the context of Puerto Rico's case is far different. Neither Detroit nor Greece has a state monopoly over energy responsible for a significant portion of their debt.
Skewed media coverage can cause policymakers and members of the American public to draw erroneous conclusions. If you genuinely want to understand why Puerto Rico is mired in a crisis, but you disregard or downplay the lack of political and civil rights in the territory, then you are missing a core point.
The economic crisis in the island is suffocating the people. Water and electricity bills have skyrocketed. Public services are far, way far, from good.