CNE@DC

PROMESA’s New Board

During the past couple of weeks, plenty has been inferred over the future composition of Puerto Rico’s new Financial Management and Oversight Board. In this post we shed some color on the appointments process and what is before the U.S. government at this time. 

PROMESA, Four Years Later

Four years since the enactment of PROMESA, the island of Puerto Rico is still grappling with nearly 15 years of economic contraction and a bankruptcy process that appears to have no end in sight. Making matters worse, just a year after PROMESA was signed into law, Puerto Rico was struck by not one but two devastating hurricanes in a span of 14 days.

Correcting Historically Discriminatory Policies Against Residents of U.S. Territories

For decades, Puerto Rico and the other U.S. territories have been deprived of access to federal programs specifically designed to provide a safety net, break persistent poverty cycles and jumpstart the economy. These limitations unfairly discriminate against the residents of U.S. territories and perpetuate long-standing inequities. Three recent court decisions suggest discriminatory policies against the residents of U.S. territories will no longer stand.

El Censo 2020: la importancia de hacernos contar

A estas alturas del juego, no nos debe sorprender la enorme desconfianza que tenemos los puertorriqueños con el gobierno estatal y federal. Ambos nos han fallado en grande, y mucho de eso se manifiesta en nuestra bajísima tasa de participación en el Censo Decenal – un cuestionario del censo que, desde el 1910, realiza el gobierno federal en Puerto Rico cada diez años para medir nuestra población y otros importantes aspectos demográficos.

Unemployment Compensation

Great uncertainty lies ahead for the 50 million Americans that have relied on emergency unemployment compensation to meet basic needs after unexpectedly losing their job due to the COVID-19 pandemic, as the extra unemployment assistance is scheduled to end by July 31.

PROMESA, 4 years later

Four years after the enactment of PROMESA, Puerto Rico still faces massive debt and economic challenges – now, further exacerbated by the 2017 hurricanes, the series of earthquakes that have rattled the island since December 2019, and most recently, the COVID-19 pandemic. Early on, the Center for a New Economy (CNE) warned the measures being considered by Congress would not address the underlying issues affecting the island.

Impact of the SSI in Puerto Rico

The Supplemental Security Income (SSI) program is not available to residents of Puerto Rico, Guam or the U.S. Virgin Islands. Two recent court rulings have found this categorical exclusion of the residents of Puerto Rico and Guam to be unconstitutional. We take a closer look at the impact the SSI program could have for Puerto Rico’s residents and the potential economic benefits associated with it.