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Bruzilla
Starting Member

USA
10 Posts

Posted - 09/28/2017 :  1:06:38 PM  Show Profile  Reply with Quote
Weird as it sounds, I think Puerto Rico is the luckiest place on Earth! They foolishly ran the Navy out of Roosevelt Roads, which was the biggest employer on the island, and have been going broke ever since thanks to their communist spending plans. They've been borrowing for years to cover the losses, and then they hit a point of immanent bankruptcy.

They've spent most of the last year trying to get a bailout from Congress, but those dollars will come with strings attached, like reigning in spending, and the Puerto Rican government refuses to want conditions attached to the money, which is why they haven't gotten it. As a result their jobs are gone and their residents are leaving.

Then comes Irma and all that changes. Yeah, they have a lot of damage and a lot of inconvenience, but looking at it long term they will be getting hundreds of billions in aid that will be used to rebuild the island and put the residents back to work, which is what their government wanted.

Hopefully they won't blow this opportunity like they did with Roosevelt Roads.

mjrfd99
Senior Member

USA
1965 Posts

Posted - 09/29/2017 :  08:02:07 AM  Show Profile  Reply with Quote
PR couldn't run a faucet responsibly. They'll just crybaby their way along with the lying medias BS reports designed for NOTHING but to hammer Trump.
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gruntled
Advanced Member

10226 Posts

Posted - 09/29/2017 :  4:40:05 PM  Show Profile  Reply with Quote
I went there as one of the stops on a cruise about thirty years ago.
I had a nephew who was an intern at a clinic somewhere across the island & tried to call him. The phone system wouldn't work even then.
I finally took a one dollar ride in a VW mini-bus. Blasted thing was so crowded I had to have a young lady sit on my lap all the way.
Every house I saw had bars on the doors & windows.
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Mobuck
Advanced Member

10160 Posts

Posted - 09/30/2017 :  07:35:06 AM  Show Profile  Reply with Quote
I don't have much (any) sympathy anymore. PR didn't worry about me during the blizzard of 78, the drought of 88, the flood of 93, windstorms, tornadoes, or ????? so I'm not wasting any concern over their plight now.

Mobuck<BR>
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droptop
Advanced Member

USA
4536 Posts

Posted - 09/30/2017 :  08:52:54 AM  Show Profile  Reply with Quote
quote:
Originally posted by gruntled

I went there as one of the stops on a cruise about thirty years ago.
I had a nephew who was an intern at a clinic somewhere across the island & tried to call him. The phone system wouldn't work even then.
I finally took a one dollar ride in a VW mini-bus. Blasted thing was so crowded I had to have a young lady sit on my lap all the way.
Every house I saw had bars on the doors & windows.


That's typical of all the locations south of the U.S.A. Add broken glass cemented to the top of brick walls around houses. The door locks are different, NO WAY to shut the doors w/o locking. Shut the door and w/o a key to get in,, you're SOL. Hate that, had to bring my own locks from the U.S.

From what I've seen in Houston the only thing that's different is No broken glass on the top of walls because it would invite suits. My door is metal but looks like wood, screen door is metal "wrought iron", all windows have decorative bars and so is 90% of every house around.

Richer folks have nicer looking "protection" and some have private "sheriff" patrols and barred and gated communities.

The only way you'll get away with NO BARS in the U.S. is to live in a smaller community 30+ miles away from the large cities.
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gruntled
Advanced Member

10226 Posts

Posted - 10/01/2017 :  11:19:59 PM  Show Profile  Reply with Quote
In the cities around where I live you could count the houses with bars without having to take off your shoes & socks.
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serf
Anti Gun Lib

6201 Posts

Posted - 10/03/2017 :  11:22:15 AM  Show Profile  Reply with Quote
Rebuilding That Island as broke as it was and now as devastated it is by being located in the hurricane alley well you get the picture your throwing good money away after a bad investment all way around!

It's just a tax haven for pharmaceuticals companies anyway.

Saying it's white people hating on minorities is not the cause of their problem in my opinion. It's stupid politicians propping up an unsustainable life style on an island with an infrastructure failure of making life bearable there for any sane person wishing to live there.

serf

https://www.outsourcedpharma.com/doc/puerto-rico-back-on-the-map-of-pharmaceutical-locations-0001

Puerto Rico still has a sizeable tax incentive to offer pharma. Because the Commonwealth is an independent tax jurisdiction, U.S. companies are not required to file U.S. federal tax returns. Medina provides an example: “If a biotech goes to North Carolina, and they negotiate a 4% tax rate there, it also has to file U.S. federal tax returns. This makes the combined rate 40%, 36% federal and 4% state. If you set yourself up in Puerto Rico, and you negotiate a 4% local tax, you pay 4%. Period.” (Editor’s note: apologies to North Carolina, a great state for the biotechnology and life science industries.)

Edited by - serf on 10/03/2017 1:41:55 PM
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spasmcreek
Advanced Member

31735 Posts

Posted - 10/05/2017 :  7:05:21 PM  Show Profile  Reply with Quote
build and rebuild flimsy wooden houses on the beach in front and a swamp in back...what's to lose ??? just the stupid taxpayers who keep electing stupid people to give away their money for repeated failures....here, there, most everywhere.....
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