Turismo
Una de las preguntas que más a menudo me hacen es cuál deberĂa ser la estrategia para hacer crecer la economĂa de Puerto Rico. TĂpicamente lo que buscan es la ansiada bala plateada con la cual matar al vampire de la recesiĂłn.
Issues
Where are the new jobs?
On May 28th, 2008 then governor AnĂbal Acevedo Vilá signed Puerto Rico’s new tax incentives law, which we described as the time as another attempt in the long line of mostly futile efforts undertaken since 1976 to resuscitate Puerto Rico’s flawed economic development model based on tax breaks.Â
One swallow a summer does not make
So said Aristotle, warning his students against making bold predictions based on scant evidence. It is in this light that we should interpret the most recent change in the Government Development Bank’s Economic Activity Index, which showed a slight increase in its absolute value from 134.27 in August to 135.32 in September, which is equivalent to a month over month increase of 0.78%.
The Lasting Effects of the Great Recession
The global economy is apparently beginning to recover from the most severe financial crisis since the Great Depression and the deepest recession since the end of World War II. In general terms this is good news, but hold the champagne, we are not out of the woods yet.
The Impact of ARRA Funds on Employment (Part 2)
The White House reported over the weekend that 17,597 jobs have been “created or saved” in Puerto Rico thanks to the impact of federal stimulus spending in the island. According to this report, Puerto Rico has been awarded $1,936,135,565 in federal funds under the American Recovery and Reinvestment Act of 2009 (“ARRA”), of which $200,030,374 have been “received”, and thus presumably spent.
Puerto Rico’s Energy Challenge
The smoking ruins in CAtaño are a grim reminder of Puerto Rico’s extreme dependence on fossil fuels. Indeed, one of the biggest challenges we currently face lies in transforming our fossil fuel-based energy economy to a stable, sustainable energy economy.
Bizcocho
Durante uno de mis veranos de universidad, conseguĂ un trabajo en Inglaterra y vivĂ allĂ con una familia de Londres por esos meses. Fue interesante conocer una nueva cultura y aprender nuevas costumbres. Entre todas, una de las costumbres de la familia nunca se me ha olvidado.
The Impact of ARRA Funds on Employment
Yesterday the administration presented a report on the use of funds available to Puerto Rico under the American Recovery and Reinvestment Act (“ARRA”). To date, Puerto Rico has spent $1.2 billion in ARRA funds, which have generated 1,600 jobs. Thus, according to official statistics, 1.33 jobs have been created for every $1 million of ARRA funds spent so far.