Incertidumbre y turbulencia

Incertidumbre significativa. Esa fue la frase que utilizó Jerome Powell, Presidente de la Junta de Gobernadores del Sistema de la Reserva Federal, para describir la recuperación de la economía de Estados Unidos en su testimonio ante el Comité de Banca, Vivienda y Asuntos Urbanos del Senado de Estados Unidos.

Weekly Review – June 18, 2020

This week we present two public policy proposals to advance the bankruptcy process even with the great uncertainty that exists. We also share guidelines for effective oversight in the context of Puerto Rico’s reconstruction and we call on both federal and local authorities to accelerate the timeline of disbursement of federal funds.

Neblina

De cara al Plan Fiscal mĂĄs reciente, Sergio Marxuach presenta dos propuestas de polĂ­tica pĂșblica para adelantar el proceso de quiebra actual aĂșn con la gran incertidumbre que existe.

Weekly Review – June 4, 2020

This week we analyze the U.S. Supreme Court decision in the case of the FOMB for Puerto Rico v. Aurelius Investment, LLC. We also present a hurricane preparedness guide and take a look at PREPA and its claims that the island’s electric system is ready for the upcoming hurricane season.

FOMB for Puerto Rico v. Aurelius Investment, LLC

The U.S. Supreme Court ruled that the appointment of the members of the Fiscal Oversight and Management Board (FOMB) did not violate the Appointments Clause of the U.S. Constitution. The Appointments Clause states that the President “shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the Supreme Court, and all other Officers of the United States . . .” (Art. II, §2, cl. 2). The members of the FOMB were appointed pursuant to a complicated process that did not require the advice and consent of the Senate.

What’s Keeping Me Up at Night

There is much that you would imagine keeps me up at night, as I’m sure it does you. But I will confess to you that what has my mind racing and worried is thinking about how Puerto Rico will cope with the hurricane season which begins tomorrow.

Weekly Review – May 28, 2020

In this first edition of CNE’s Weekly Review we provide a roadmap to our publication. This week we highlight three pieces focusing on assistance to tenants who have been affected by the pandemic, Congressional efforts to provide assistance to tenants, and the results of an analysis to determine the risk of re-opening by major industrial sector in Puerto Rico.