As residents of Puerto Rico continue to rebuild following Hurricane Maria, the US territory also remains in the midst of a massive debt crisis. One area that will see major reform as officials hope to cutback on government spending is education. Governor Ricardo Rosselló has announced his plan to close over 300 public schools in Puerto Rico, which amounts to a decrease of approximately 30% of public schools located in the territory. Over 140,000 Puerto Ricans had left the territory for the mainland US by November, 2017, with approximately 14,000 being public school students,and that number has grown to...Read More
Author: Daniel Ziebarth
Governor of Puerto Rico Ricardo Rosselló submitted a revised fiscal plan to Financial Oversight and Management Board for the US territory on Tuesday, February 13 in an attempt to rebuild Puerto Rico’s economy and recover from financial and natural disasters the territory has faced in recent months. The submitted plan paints a bleak picture for Puerto Rico in the near future, in which there will be an expected 8 percent fall in population and 11 percent decrease in overall economic activity. Another concern outlined in the plan pertains to the territory’s ability to alleviate debt burdens and pay off...Read More
In the midst of modern headlines and debate pertaining to the way in which climate change will affect countries across the globe, US territories are leading the way in terms of shifting energy use away from fossil fuels and towards solar power. In Puerto Rico, solar energy has been central to the rebuilding process and recovery, particularly through the use of solar energy to power healthcare facilities. Not only has solar power been increasingly utilized in Puerto Rico, but expanding the use of solar energy has become a primary goal for many residents and officials going forward. Cutting-edge technology...Read More
Chamber of Commerce members and public officials in Guam are currently proposing various solutions for funding woes that are facing the Guam Memorial Hospital. At the center of discussion surrounding funding for the hospital is a recently introduced bill, Bill 230-34. Bill 230-34, which was introduced to the Legislature of Guam by the Governor of Guam, Eddie Calvo ®, on January 11, 2018 and is sponsored by the Committee on Rules, has proposed to close funding gaps for the Guam Memorial Hospital through the removal of tax exemptions on gross receipts entities such as banks, insurance providers, and wholesalers....Read More
In spite of the countless headlines highlighting Puerto Rico’s economic and infrastructural struggles in recent months, it is important to also discuss the myriad opportunities for the territory to achieve consistent economic prosperity going forward. Inarguably, the majority of current news headlines focusing on Puerto Rico have focused on issues that include inability to pay back debt, challenges in the face of natural disaster, and difficulty rebuilding local infrastructure. These articles have primarily illuminated problems that many citizens, businesses, and government institutions of Puerto Rico have been facing, and discussed the relative severity of respective events. While news stories...Read More
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