Wednesday, October 18, 2017
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Economics and Industry

The Hidden Recession: Most Americans Remain Worse Off After 2008

Just a reminder not to believe rosy news you hear about how well the economy is doing. The ugly truth is that for most...

“The Economy Evaporated Pretty Much Overnight”

As most of you know by now, the damage to the US Virgin Islands from Hurricanes Irma and Maria are very severe. The Virgin...

Puerto Rico’s Agriculture Has Been Totally Destroyed by Maria

This is no surprise. When a hurricane comes blowing through, it tends to do huge damage to to crops, even at Cat 1 or...

Puerto Rico Dam is Crumbling, Endangering the Populace

Maria's aftermath continues to be very ugly for America's largest territory. In addition to the problems of supplying the population with food and water...

St. Martin Inhabitants Try to Pick Up the Pieces After Irma

St. Martin was one of the worst-impacted Caribbean countries when Hurricane Irma blew through. The island's residents are now trying to pick up the...

Half of All Millennials Would Give Up Their Right to Vote for Student Loan Forgiveness

How are these guys going to keep the economy going? Fully half our next generation is broke to the point where they'd give up...

The Wall Street Journal is Being Sensationalist With the Paris Climate Treaty and Trump’s Reversal on Withdrawing From It

It is directly contravening his prior speech in June where he stated he was going to withdraw, YET it isn't the big to do that the WSJ is making.

Florida’s Tourism Industry May be Wrecked Thanks to Irma

This is going to be a huge problem for the Caribbean as well, particularly given the outbreak of violence and looting on St. Martin:Hurricane...

US Virgin Islands Wasted Hurricane Relief Money in Years Past

Their government is going to have some very hard questions to answer once the initial shock of the hurricane's passing is through:The U.S. Virgin...

S&P to Withdraw US Virgin Islands’ Credit Rating After Governor’s Threat

This is pretty typical of the behavior of a bankrupt state. When the credit rating downgrades get too embarrassing, bluster in front of the...

India’s Demonetization Was a Disaster, GDP Growth Slumps to Two-Year Lows

Readers may recall in December of 2016, we posted quite a few stories on the topic of India attempting to "demonetize" their economy, taking...

Puerto Rico Hopes Chinese Tourism Will Bail them Out of Economic Doldrums

I'm a bit skeptical of this strategy, since the Chinese can invest (and they have) in non-bankrupt, non-high crime Caribbean states like the Bahamas,...

US Restaurant Industry is Still Imploding

Whither the US consumer?

US Virgin Islands Facing Cash Crunch

No more access to bond markets.