Monday, May 25, 2015

Trouble in Paradise

Beautiful Puerto Rico is hurting - high unemployment, towering government debt, impending default on government securities, and inability to file bankruptcy are all real issues. As The Independent (U.K.) reports,
Some 144,000 Puerto Ricans decamped for the US last year and a higher number may depart in 2015. A White House official privately described it as the biggest population displacement ever seen outside of a war.
Echoing Seattle during a Boeing layoff, someone should put up a billboard in San Juan showing a light switch and the tag line: "Would the last person leaving Puerto Rico please turn out the lights?" The sentiment should be rendered in Spanish.