CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
On June 29, the U.S. House of Representatives approved the American Clean Energy and Security Act by the narrow margin of 219 to 212. This comprehensive bill, which now moves on to the Senate, seeks to create clean energy jobs, achieve energy independence, and reduce global warming pollution.
Hace poco tuve una de esas experiencias frecuentes que nos unen a todos los puertorrique帽os. Estaba tratando de resolver un problema por tel茅fono con una agencia de Gobierno.
In one of his best-known poems, William Butler Yeats wrote that there are times when things fall apart and the center cannot hold; when the best seem to lack all conviction and the worst run about full of passionate intensity. A pithy summary, perhaps, of the times we are living in Puerto Rico.
Como parte de nuestro programa de “Futuro fiscal”, y cumpliendo con nuestra misi贸n de proveer an谩lisis independiente y de alto rigor a los asuntos econ贸micos importantes del pa铆s, el Centro para la Nueva Econom铆a ha desarrollado una serie de indicadores sobre el desempe帽o fiscal de Puerto Rico los cuales acabamos de actualizar con la data del presupuesto recomendado por la actual Administraci贸n para el a帽o fiscal 2009-10.
In 2008, the Center for the New Economy, in fulfillment of its mission to provide rigorous, independent analysis to policymakers, the press, and the public at large, established a fiscal analysis program to monitor and keep track of important fiscal trends affecting the Puerto Rican economy. As part of that program, we developed a series of budget performance indicators, which we have updated with data from the budget for fiscal year 2009-10.
Some economists in the U.S. have started to talk about the Great Recession of 2009 when analyzing the current economic downturn. In the U.S. alone, home equity lost, between 2006 and 2008, $4.2 trillion; the value of retirement assets has declined by $2.3 trillion; while other investments and savings show losses of an additional $2.5 trillion.
La crisis fiscal y econ贸mica por la cual atravesamos en Puerto Rico y a nivel global, ha resaltado muchas de las diferencias de percepci贸n e interpretaci贸n de los eventos entre trabajadores y patronos. Ambos lados reaccionan con preocupaci贸n. Pero sus propuestas en la mayor铆a de los casos son muy diferentes.
Professors Steven Davis and Luis Rivera Batiz, in an analysis conducted for their contribution to the book The Economy of Puerto Rico: Restoring Growth, published in 2006 by the Center for the New Economy and the Brookings Institution, found that a “truly striking feature of Puerto Rico’s economy is the underdeveloped state of its private sector.” According to their analysis, private sector employment rates in Puerto Rico are less than half the U.S. rates in recent decades.
