Big News: Puerto Rico has voted to officially join the Union as the 51st State
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Sierra Mist
Banned
It's about fukking time. 
Boricua Baby.
Boricua Baby.Damn hopefully the culture doesn't disappear.
Grand Eeezus Maxwell
"Time is when, God....lounge!!"
Shout out to the Boricuas on the set
2013 Puerto Rico Latin Kings
Fam... I just had to clean my screen off from spitting Panera Bread soup all over it after reading this comment...
not before bama... We already voted down that immigration law, they think anybody that speaks spanish is a mexican and we all re-elected a niggra president and they aint takin it no more
88m3
Fast Money & Foreign Objects
Iraq Iran Afganistan and all of our Islands we're on the way breh
actually if all the territories were to become states it would be over 60
Iraq Iran Afganistan and all of our Islands we're on the way breh
actually if all the territories were to become states it would be over 60
@ the panama canal "almost" being eligible to become a state....
88m3
Fast Money & Foreign Objects
If I could turn back the hands of time...
The War Report
NewNewYork
English isn't even the official language in the mainland.
Is Puerto Rico the Greece of the Caribbean? | Daily Ticker - Yahoo! Finance
Is Puerto Rico the Greece of the Caribbean?
Puerto Rico is crawling out of a five-year recession.
The unemployment rate is in the mid-teens, government pensions are only 6% funded and GDP growth is moving at a snail's pace.
"There are aspects of Puerto Rico that are quite similar to [Greece]," says Robert Donahue, managing director at Municipal Market Advisors. He explains that the similarities include "high government employment, the [unregulated] tax system, the pension system, and the weak economy."
So is Puerto Rico the Greece of the Caribbean? "We hope not," Donahue tells The Daily Ticker. Still, he's warning potential investors that Puerto Rico is a systemic risk.
Pensions for government workers could run dry as soon as 2014, and the once lucrative Puerto Rican pharmaceutical industry left the commonwealth when tax incentives expired.
Taxes are a serious issue for the island nation where many businesses don't report income to the government and there is no auditing agency to make sure that they do. The government has instituted a lottery for those who pay the island's 7% sales tax, but the initiative has so far been unsuccessful.
Unemployment has been in the mid-teens for the past six years, and many Puerto Ricans are desperate for work. This is part of the reason why Alejandro Garcia Padilla was elected president in the country's recent election -- he promised to create 50,000 jobs in the next 18 months.
Padilla is not in favor of austerity measures and his party seems to have little interest in resolving the nation's pension problems. This signals more trouble for the already distressed nation.
Puerto Rican municipal bonds have appeared to be a lucrative investment for many U.S. citizens; they yield high interest rates and are tax-free for investors in all 50 states. But is Puerto Rico a safe investment?
"We see Puerto Rico as the weakest of all states by far," says Donahue. "Debt as a percentage of GDP dwarfs any other state. Do we think they're going to default? Certainly not. What we want is to raise the attention of investors in America that there are risks in Puerto Rico and that the path they're on is unsustainable."
And what about Puerto Rico becoming America's 51st state? Don't count on it, says Donahue.
"We believe that this was a political maneuver to turn out voters on Election Day," he explains.
Is Puerto Rico the Greece of the Caribbean?
Puerto Rico is crawling out of a five-year recession.
The unemployment rate is in the mid-teens, government pensions are only 6% funded and GDP growth is moving at a snail's pace.
"There are aspects of Puerto Rico that are quite similar to [Greece]," says Robert Donahue, managing director at Municipal Market Advisors. He explains that the similarities include "high government employment, the [unregulated] tax system, the pension system, and the weak economy."
So is Puerto Rico the Greece of the Caribbean? "We hope not," Donahue tells The Daily Ticker. Still, he's warning potential investors that Puerto Rico is a systemic risk.
Pensions for government workers could run dry as soon as 2014, and the once lucrative Puerto Rican pharmaceutical industry left the commonwealth when tax incentives expired.
Taxes are a serious issue for the island nation where many businesses don't report income to the government and there is no auditing agency to make sure that they do. The government has instituted a lottery for those who pay the island's 7% sales tax, but the initiative has so far been unsuccessful.
Unemployment has been in the mid-teens for the past six years, and many Puerto Ricans are desperate for work. This is part of the reason why Alejandro Garcia Padilla was elected president in the country's recent election -- he promised to create 50,000 jobs in the next 18 months.
Padilla is not in favor of austerity measures and his party seems to have little interest in resolving the nation's pension problems. This signals more trouble for the already distressed nation.
Puerto Rican municipal bonds have appeared to be a lucrative investment for many U.S. citizens; they yield high interest rates and are tax-free for investors in all 50 states. But is Puerto Rico a safe investment?
"We see Puerto Rico as the weakest of all states by far," says Donahue. "Debt as a percentage of GDP dwarfs any other state. Do we think they're going to default? Certainly not. What we want is to raise the attention of investors in America that there are risks in Puerto Rico and that the path they're on is unsustainable."
And what about Puerto Rico becoming America's 51st state? Don't count on it, says Donahue.
"We believe that this was a political maneuver to turn out voters on Election Day," he explains.
What is Puerto Rico like brehs? Has anyone visited?
reading the article above you, it seems like it's just as shytty as Dominican Republic. these idiots have the u.s. irs right there and don't know how to collect taxes.
Sent from my Galaxy Nexus using Tapatalk 2
Is there a lot of crime and corruption?