CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
Back in February of this year, the Financial Oversight and Management Board for Puerto Rico reached an agreement with holders of $10.6 billion of Puerto Rico’s General Obligation Bonds and filed a proposed Plan of Adjustment with the Title III court.
A little over a month ago the U.S. Census Bureau published a notice of proposed rulemaking for the elimination of the Electronic Export Information filing requirement for shipments between the United States and Puerto Rico and the U.S. Virgin Islands. While for the most part this notice has flown under the radar, the negative implications it poses over Puerto Rico’s economic data merits our attention.
This year things are complicated by the COVID-19 pandemic and a record number of voters who have already cast their ballots to avoid the crowd on Election Day. This combination could result in a strange election night.
En un momento tan doloroso como este, en el que el mundo experimenta semejante pandemia, vale recordar que Puerto Rico atraviesa una situación aún más delicada. Hay toda una generación en la isla que solo conoce la palabra “crisis”.
As COVID-19 cases surge again in Europe and key cities like Paris, Berlin and Barcelona take extraordinary measures to curtail the expansion of the virus, Spain’s management of the pandemic has come again under scrutiny.
España apostará a la economía verde y a la transformación digital tras el azote del COVID-19. Con más de 860-mil contagios detectados y 33-mil muertes contabilizadas a mediados de octubre, la pandemia ha golpeado fuertemente al país: el Banco de España estima que la economía española decrecerá entre 10.5% y 12.6% durante 2020 y que registrará una de las caídas más graves entre las economías avanzadas.
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.
Hace unos meses tuve la oportunidad de leer una entrada en el blog de Howard S. Marks, cofundador y copresidente de Oaktree Capital Management, titulada “Knowledge of the Future”. Según Marks, “hoy en día todo el mundo tiene los mismos datos sobre el presente y la misma ignorancia sobre el futuro”.
