Congress passed a new disaster relief bill, to provide Puerto Rico an additional $1.4 billion. But colonial status, a financial oversight board with conflict of interest, and unfavorable laws ensure that the Island remains mired in poverty
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It seems to me rather uninformative to refer to Puerto Rico as a colony of the U.S. without mentioning that such arrangements are illegal under international law… https://en.m.wikipedia.org/wiki/United_Nations_list_of_Non-Self-Governing_Territories
Puerto Rico is a captive market of the US which buys over $24B of American products a year and transported solely on the US merchant marine – a colony in the 21st century.
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DC’s corruption is staggering. It would be great if you covered 2020 alternatives to the RDNC!!
This trip also showed how little Trump's words are worth. He mobbed Duchess Meghan and then denied it. He implored the "special relationship" with Britain, whose division he is only pushing forward with his Brexit jubilation. He spoke of "unbreakable" bonds with NATO, which he breaks down at every opportunity. He spoke of the D-Day horror and greeted a veteran then as a lottery winner: "Congratulations!" The good news: There was no catastrophe, at least according to the standards that one trumps in Trump times. Sure, he's not prepared for anything, either big politics or protocol details. He knew so little about the planned trade deal with Britain that Theresa May had to correct him in front of cameras. And when the Queen led him around, pointed to a pewter horse and asked if he recognized it, Trump said no – he had given it to her. The bad news: That you have to create such standards.
What was that old saying…
No taxation without representation?
They are devaluing the property and buying it up in large swaths.
Puerto Ricans are only Americans, when the US needs them to fight its wars.
45% poverty rate!! This epitomises the corruption and the lack of political will from the local government. Tourism alone won’t sustain the economy. Rebuilding the infrastructure and creating empowerment zones are key to reviving the economy.
Puerto Rico could use a public bank to fund the government through the bank's interest income. That would work much better than funding a public bank for private profits for vulture hedge funds like it is now. During America's colonial period, Ben Franklin set up a banking system for Pennsylvania that replaced the need for taxation. PR could provide a banking example to lead the whole world forward away from the bad model we have all been following for hundreds of years.
All banks are the cause of all agony on earth . We need new monetary policy and erase all personal credit scores . Go to precious metals currency and collectors price currency. Hard currency.
Shave
independance or statehood its that simple this colonial bullshit has to end!
Can't help your own state but sanctioning VENEZUELA and Cuba…smh
Thanks for the excellent report…
the current board was put there by president obama. of course they don't mention that in the video.
In Puerto Rico, personal income from capital gains, interest, and dividends are untaxed. Thus, it is a tax haven for the rich. Who cares if Puerto Rico is short on revenue to help them after a severe weather event, we must make sure the rich continue to get their tax breaks. So, instead, just have US taxpayers pay for the disaster relief.
IMO If Puerto Rico could have foreign ships land there and foreign planes, it would help them trade and make them less dependent on the US.
My daughter's family doing fine in P.R now, There small Hotel is extremely Busy for the past year!🤷♂️🇵🇷
Dark ages all over again
Deadly plagues