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...

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...