The Puerto Rico Crisis: A Reflection of a Flawed US Democracy

August 27, 2019

On August 2, Puerto Rico Governor Ricardo Rosselló of the New Progressive Party (NPP) — nominally affiliated with the Democrats, although once linked to the Republicans under Governor Luis Ferré Aguayo — finally resigned. The decision came after weeks of mass protests over the island’s...

Puerto Rico Has Not Recovered from Hurricane Maria

October 06, 2018

One year after Maria, nearly every pillar of Puerto Rican society remains devastated. Puerto Rico was in crisis long before Hurricane Maria hit on September 20, 2017. For years, this US territory had been struggling with debt, an economic crisis and drought. In May 2017, the government...

Trump’s Wrongheaded Choices on Puerto Rico’s Humanitarian Crisis

October 01, 2017

Americans need real presidential leadership because it is sometimes a matter of life and death, and not about ratings, popularity or reality TV. By September 20, weather experts were already forecasting that Hurricane Maria, characterized as a category 4 storm, had potential to cause major...

Why Puerto Rico Faces Worse Perils Than Texas and Florida

September 30, 2017

Puerto Rico suffered a worse disaster — and faces a much longer, more fraught path to recovery — than Texas, Louisiana or Florida. Already reeling from fiscal woes, Puerto Rico is suffering from a humanitarian crisis as well in the aftermath of Hurricane Maria, the strongest storm ever to...

How Puerto Rico Could Emerge From a Default

July 29, 2015

With Puerto Rico likely to default on its debt, protection under US bankruptcy laws could help contain the resulting chaos. As Puerto Rico braces for a debt default on August 1 and is being dubbed as “America’s Greece,” it is also staring at a long list of all that went wrong over the last...

The Financial Hurdles to Rebuilding Puerto Rico’s Economy

August 23, 2014

Puerto Rico faces perhaps the most significant financial hurdles of anywhere in the United States. Like many before him, Juan Posada Hernandez left Puerto Rico in search of a more prosperous life in New York. “I’ve had uncles, grandparents, friends … they all left,” he says. Leaving the...