8:00 AM 7/19/2012
http://www.puertoricoreport.org/the-promise-of-the-puerto-rican-economy-and-geographic-discrimination/
http://www.puertoricoreport.org/the-promise-of-the-puerto-rican-economy-and-geographic-discrimination/
The Promise of the Puerto Rican Economy and Geographic Discrimination
The Federal Reserve Bank’s recent report on the competitiveness of Puerto Rico’s economy included a recommendation to reduce barriers to job creation and labor force participation by improving incentives to work.
Download the full report.
Caribbean Business saw optimism in the bank’s analysis, reporting that “the New York Fed noted that on several measures Puerto Rico has features that make it a strong — and potentially a highly competitive—economy.”
The positive points made in the report include the increasing literacy and educational attainment of the Puerto Rican population, the fact that many of its resident are bilingual, its open economy, the central location of the island between the U.S. and Latin America, and its close ties to the U.S. mainland. These points have made Puerto Rico an important asset to the United States.
The report also contained some criticisms, especially on the subjects of unemployment and labor market opportunities. For example, the report raises the idea that reducing the minimum wage in Puerto Rico might be a good idea. It recommends as a possible first step to consider a young-worker subminimum wage that targets workers under the age of 25. At the same time, the report also suggests that TANF (public assistance), NAP (food stamps), and SSDI (disability benefits) may tempt Puerto Ricans not to work.
These critiques are interesting because Puerto Rico is generally treated less generously under social programs than any state in the United States. In fact, Resident Commissioner Pedro Pierluisi discussed the need for parity for Puerto Rico in these programs in a recent speech. Listen to the speech. He has introduced legislation to create more equitable treatment for Puerto Ricans under TANF, NAP and SSI programs as well as portions of Medicare. He has also proposed legislation to include all U.S. territories in the National Breast and Cervical Cancer Early Detection Program.
“Puerto Rico is treated unfairly under Federal programs designed to help our nation’s most vulnerable residents,” said Pierluisi in his speech. “When you look at the status and the well-being of all the American citizens living in the territories, you realize that what they face is geographic discrimination.”
Read more on this issue:
Download the full report.
Caribbean Business saw optimism in the bank’s analysis, reporting that “the New York Fed noted that on several measures Puerto Rico has features that make it a strong — and potentially a highly competitive—economy.”
The positive points made in the report include the increasing literacy and educational attainment of the Puerto Rican population, the fact that many of its resident are bilingual, its open economy, the central location of the island between the U.S. and Latin America, and its close ties to the U.S. mainland. These points have made Puerto Rico an important asset to the United States.
The report also contained some criticisms, especially on the subjects of unemployment and labor market opportunities. For example, the report raises the idea that reducing the minimum wage in Puerto Rico might be a good idea. It recommends as a possible first step to consider a young-worker subminimum wage that targets workers under the age of 25. At the same time, the report also suggests that TANF (public assistance), NAP (food stamps), and SSDI (disability benefits) may tempt Puerto Ricans not to work.
These critiques are interesting because Puerto Rico is generally treated less generously under social programs than any state in the United States. In fact, Resident Commissioner Pedro Pierluisi discussed the need for parity for Puerto Rico in these programs in a recent speech. Listen to the speech. He has introduced legislation to create more equitable treatment for Puerto Ricans under TANF, NAP and SSI programs as well as portions of Medicare. He has also proposed legislation to include all U.S. territories in the National Breast and Cervical Cancer Early Detection Program.
“Puerto Rico is treated unfairly under Federal programs designed to help our nation’s most vulnerable residents,” said Pierluisi in his speech. “When you look at the status and the well-being of all the American citizens living in the territories, you realize that what they face is geographic discrimination.”
Read more on this issue:
- A speech by Miguel Columna calling on Puerto Rican millenials to take action
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PR woos Hollywood with more tax breaks. Read more
Puerto Rico Business News
Puerto Rico Business News"Puerto Rico Business News" bundle created by Mike Nova
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- puerto rico business - Google News
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via puerto rico business - Google News on 7/19/12
Puerto Rico To Extend Tax Breaks For Film Makers
Tax-news.com This announcement comes as part of Puerto Rico's strategy to attract film makers from the US and Europe to the island and to build on the its image as the one of the world's ideal locations to shoot films, a strategy which has become more and more ... and more » |
via Puerto Rico Business News's Facebook Wall by Puerto Rico Business News on 7/19/12
Popular, Inc. Reports Net Income of $65.7 million for the Quarter ended June ... - Business Wire (press release)
Popular, Inc. Reports Net Income of $65.7 million for the Quarter ended June ... - Business Wire (press release)
Popular, Inc. Reports Net Income of $65.7 million for the Quarter ended June ...Business Wire (press release)SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (“the Corporation” or “Popular”) (NASDAQ:BPOP) reported net income of $65.7 million for the quarter ended June 30, 2012, compared with net income of $48.4 million for the quarter ended March 31, ...
Popular, Inc. Reports Net Income of $65.7 million for the Quarter ended June ... - Business Wire (press release)
Popular, Inc. Reports Net Income of $65.7 million for the Quarter ended June ...Business Wire (press release)SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (“the Corporation” or “Popular”) (NASDAQ:BPOP) reported net income of $65.7 million for the quarter ended June 30, 2012, compared with net income of $48.4 million for the quarter ended March 31, ...
via puerto rico business - Google News on 7/19/12
Popular, Inc. Reports Net Income of $65.7 million for the Quarter ended June ...
Business Wire (press release) SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (“the Corporation” or “Popular”) (NASDAQ:BPOP) reported net income of $65.7 million for the quarter ended June 30, 2012, compared with net income of $48.4 million for the quarter ended March 31, ... Popular, Inc. Reports Net Income Of $65.7 Million For The Quarter Ended June ...TheStreet.com (press release) all 2 news articles » |
via Twitter / CaribBusiness on 7/18/12
CaribBusiness: PR woos #Hollywood with more tax breaks. Read more:http://t.co/ImltnPvh #caribbeanbusiness http://t.co/JEPI6WnN
via Twitter / CaribBusiness on 7/18/12
CaribBusiness: PR woos #Hollywood with more tax breaks. Read more:http://t.co/ImltnPvh #caribbeanbusiness
via Twitter / CaribBusiness on 7/18/12
CaribBusiness: #Cuba decrees steep hike in import tax. Read more: http://t.co/XgK82Rou #caribbeanbusiness http://t.co/H77JyNwv
via Twitter / CaribBusiness on 7/18/12
CaribBusiness: #Cuba decrees steep hike in import tax. Read more: http://t.co/XgK82Rou #caribbeanbusiness
via CARIBBEAN BUSINESS's Facebook Wall by CARIBBEAN BUSINESS on 7/18/12
PR woos #Hollywood with more tax breaks. Read more:http://ow.ly/ckNeo #caribbeanbusiness
HootSuite Photos
HootSuite Photos
via CARIBBEAN BUSINESS's Facebook Wall by CARIBBEAN BUSINESS on 7/18/12
#Cuba decrees steep hike in import tax. Read more: http://ow.ly/ckN8X #caribbeanbusiness
HootSuite Photos
HootSuite Photos
via CARIBBEAN BUSINESS's Facebook Wall by CARIBBEAN BUSINESS on 7/18/12
PR woman blazes #TourdeFrance trail. Read more: http://ow.ly/ckN4j #caribbeanbusiness
HootSuite Photos
HootSuite Photos
via CARIBBEAN BUSINESS's Facebook Wall by CARIBBEAN BUSINESS on 7/18/12
#Popular nets $65.7M, beats estimates. Read more: http://ow.ly/ckLEN #caribbeanbusiness
HootSuite Photos
HootSuite Photos
via Caribbean Business on 7/18/12
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PR officials rip COFINA downgrade, asking Moody's for formal reviewTop Puerto Rico government officials blasted the move by Moody’s Investors Servi ...  Google takes aim at Mexico's drug cartelsWESTLAKE VILLAGE, Calif. — Google, so far, has won the search engine wars. Now i ...  |
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via puerto rico business - Google Blog Search by John Yedinak on 7/18/12
Earlier this year, the company hired Sandy Tennekoon to launch its U.S. division and build out its wholesale business in Puerto Rico. Formerly with Urban Financial Group, she was instrumental in building Urban's Puerto Rico ...
via puerto rico business - Google Blog Search by Michelle Kantrow on 7/18/12
Moody's Investors Service announced Wednesday its decision to downgrade $16 billion in Puerto Rico Sales Tax Financing Corporation bonds.
via puerto rico business - Google News on 7/18/12
lamar advertising co-a (LAMR:NASDAQ GS)
Businessweek The company also offers transit advertising displays that provide advertising space on the exterior and interior of public transportation vehicles, transit shelters, and benches. As of December 31, 2011, it owned and operated approximately 143000 ... |
via Puerto Rico Business News's Facebook Wall by Puerto Rico Business News on 7/18/12
PR woos #Hollywood with more tax breaks. Read more:http://ow.ly/ckNeo #caribbean...
PR woos #Hollywood with more tax breaks. Read more:http://ow.ly/ckNeo #caribbean...
PR woos #Hollywood with more tax breaks. Read more:http://ow.ly/ckNeo #caribbeanbusinessHootSuite Photos
PR woos #Hollywood with more tax breaks. Read more:http://ow.ly/ckNeo #caribbean...
PR woos #Hollywood with more tax breaks. Read more:http://ow.ly/ckNeo #caribbeanbusinessHootSuite Photos
via Puerto Rico Business News's Facebook Wall by Puerto Rico Business News on 7/18/12
#Cuba decrees steep hike in import tax. Read more: http://ow.ly/ckN8X #caribbean...
#Cuba decrees steep hike in import tax. Read more: http://ow.ly/ckN8X #caribbean...
#Cuba decrees steep hike in import tax. Read more: http://ow.ly/ckN8X #caribbeanbusinessHootSuite Photos
#Cuba decrees steep hike in import tax. Read more: http://ow.ly/ckN8X #caribbean...
#Cuba decrees steep hike in import tax. Read more: http://ow.ly/ckN8X #caribbeanbusinessHootSuite Photos
via Puerto Rico Business News's Facebook Wall by Puerto Rico Business News on 7/18/12
Moneyhouse Launches Wholesale to Get Big PR Banks in Reverse Mortgages - Reverse Mortgage Daily
Moneyhouse Launches Wholesale to Get Big PR Banks in Reverse Mortgages - Reverse Mortgage Daily
Moneyhouse Launches Wholesale to Get Big PR Banks in Reverse MortgagesReverse Mortgage DailyEarlier this year, the company hired Sandy Tennekoon to launch its U.S. division and build out its wholesale business in Puerto Rico. Formerly with Urban Financial Group, she was instrumental in building Urban's Puerto Rico business prior to joining ...
Moneyhouse Launches Wholesale to Get Big PR Banks in Reverse Mortgages - Reverse Mortgage Daily
Moneyhouse Launches Wholesale to Get Big PR Banks in Reverse MortgagesReverse Mortgage DailyEarlier this year, the company hired Sandy Tennekoon to launch its U.S. division and build out its wholesale business in Puerto Rico. Formerly with Urban Financial Group, she was instrumental in building Urban's Puerto Rico business prior to joining ...
via Puerto Rico Business News's Facebook Wall by Puerto Rico Business News on 7/18/12
PR woman blazes #TourdeFrance trail. Read more: http://ow.ly/ckN4j #caribbeanbus...
PR woman blazes #TourdeFrance trail. Read more: http://ow.ly/ckN4j #caribbeanbus...
PR woman blazes #TourdeFrance trail. Read more: http://ow.ly/ckN4j #caribbeanbusinessHootSuite Photos
PR woman blazes #TourdeFrance trail. Read more: http://ow.ly/ckN4j #caribbeanbus...
PR woman blazes #TourdeFrance trail. Read more: http://ow.ly/ckN4j #caribbeanbusinessHootSuite Photos
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