The economic crisis in the island is suffocating the people. Water and electricity bills have skyrocketed. Public services are far, way far, from good.
For more than two decades there have been well-funded efforts to try to scare the public into supporting cuts in Social Security and/or privatizing the program. The basic story was that demographics would make Social Security unaffordable.
Puerto Rico is on its way to one of the largest debt defaults in history, right up there with Greece and Argentina. Economic stagnation, or contraction, is not merely a result of an economic cycle but of major long term problems that make the island uncompetitive. But is there a way out?
Have you ever wanted to to know what's going on in Wall Street in a 10 minute article? This is my story about how I got introduced to Wall Street and what I think we need to do.
Big businesses know climate change is threatening their companies -- and all of us. On Monday, 13 major companies, from General Motors to Microsoft to Coca-Cola, announced they were doing something about it.
The Arab Spring and the crisis facing Iraq resulting from ISIS's epidemic, serve to demonstrate that political stability and economic prosperity can only be effectively brought together by virtue of a depoliticized Rule of Law and for such Rule of Law to gradually become a common underlying feature of Iraqi culture.
Under the weight of great expectations and the glare of television cameras, delegates gathered last week for the Third International Conference on Fin...
Higher rates will keep inflation in check. By making it more expensive to borrow it also slows consumer demand. That rising consumer demand from a strengthening economy causes prices to increase... or inflation.
Sometimes, health and behavior studies validate our personal quirks and lifestyle choices. For example, when "science says" doodling helps us focus or...
The White House, U.S. Treasury, and Federal Housing Finance Authority have been stonewalling discovery requests by investors who want to know exactly why the GSEs were put into conservatorship in the first place.
Trump seems to think he's reenacting the "Swift Boat Veterans for Truth" campaign against John Kerry. But in reality, it's more like the Romney 2012 nomination speech that ignored the military, as well as the former CEO's ineffective battle against McCain for the nomination.
The U.S. Senate recently pointed the way forward for the U.S. Surface Transportation Board (STB) on the issue of ensuring sufficient revenue at freight railroads to pour back into the nation's infrastructure.
The U.S. Surface Transportation Board (STB) is weighing whether to cap freight railroad revenue, which could result in far less investment in the privately owned and maintained national freight rail system.
Lawmakers have failed to keep the wage apace with inflation so that its value is now less than it was five decades ago.
The facts of the crisis also make clear that the impacts did not know partisan boundaries. In fact, the economic wreckage from the 2008 financial crash hit every state in the country, regardless of whether the state voted for the Republican or Democratic candidate for President.