Download or read book Boom and Bust in Puerto Rico written by A. W. Maldonado and published by . This book was released on 2021-08 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who is to blame for the economic and political crisis in Puerto Rico--the United States or Puerto Rico? This book provides a fascinating historical perspective on the problem and an unequivocal answer on who is to blame. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an "economic miracle." Under Operation Bootstrap in the 1950s and 60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a "wonder of human history," a far cry from the economic "death spiral" the island's governor described in 2016. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government's shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the "century of misunderstanding" between Puerto Rico and the United States--the root cause of the economic crisis and the island's gridlocked debates about its political status--Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking.

Download or read book Boom and Bust in Puerto Rico written by A. W. Maldonado and published by University of Notre Dame Pess. This book was released on 2021-08-01 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who is to blame for the economic and political crisis in Puerto Rico—the United States or Puerto Rico? This book provides a fascinating historical perspective on the problem and an unequivocal answer on who is to blame. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an economic miracle. Under Operation Bootstrap in the 1950s and '60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a “wonder of human history,” a far cry from the economic “death spiral” the island’s governor described in 2015. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government’s shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the century of misunderstanding between Puerto Rico and the United States—the root cause of the economic crisis and the island’s gridlocked debates about its political status—Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking.

Download or read book Luis Mu oz Mar n written by A. W. Maldonado and published by La Editorial, UPR. This book was released on 2006 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book describes the most important events in Muñoz's life, played out within his own internal "civil wars": the transformation from a young bohemian, succeding at nothing, to a political leader, spearheading the campaign to convince the jibaros not to sell their vote; the journey from an ardent independentista to a principal architect of today's Commonwealth; finally, the clash between Operation Bootstrap, that lifted the island from extreme poverty through industrialization, and Operation Serenity, an expression of his yearning for socialist values and humanitarian civilization."--Jacket.

Download or read book The Politics of Language in Puerto Rico written by Amílcar Antonio Barreto and published by University Press of Florida. This book was released on 2018-11-05 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A [book] rich in detail and analysis, which anyone wanting to understand the language debate in Puerto Rico will find essential."--Arlene Davila, Syracuse University This is the first book in English to analyze the controversial language policies passed by the Puerto Rican government in the 1990s. It is also the first to explore the connections between language and cultural identity and politics on the Caribbean island. Shortly after the U.S. invasion of Puerto Rico in 1898, both English and Spanish became official languages of the territory. In 1991, the Puerto Rican government abolished bilingualism, claiming that "Spanish only" was necessary to protect the culture from North American influences. A few years later bilingualism was restored and English was promoted in public schools, with supporters asserting that the dual languages symbolized the island’s commitment to live in harmony with the United States. While the islanders’ sense of ethnic pride was growing, economic dependency enticed them to maintain close ties to the United States. This book shows that officials in both San Juan and Washington, along with English-first groups, used the language laws as weapons in the battle over U.S.-Puerto Rican relations and the volatile debate over statehood. It will be of interest to linguists, political scientists, students of contemporary cultural politics, and political activists in discussions of nationalism in multilingual communities.

Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

Download or read book Transatlantic Speculations written by Hannah Catherine Davies and published by Columbia University Press. This book was released on 2018-11-20 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 1873 was one of financial crisis. A boom in railway construction had spurred a bull market—but when the boom turned to bust, transatlantic panic quickly became a worldwide economic downturn. In Transatlantic Speculations, Hannah Catherine Davies offers a new lens on the panics of 1873 and nineteenth-century globalization by exploring the ways in which contemporaries experienced a tumultuous period that profoundly challenged notions of economic and moral order. Considering the financial crises of 1873 from the vantage points of Berlin, New York, and Vienna, Davies maps what she calls the dual “transatlantic speculations” of the 1870s: the financial speculation that led to these panics as well as the interpretative speculations that sprouted in their wake. Drawing on a wide variety of sources—including investment manuals, credit reports, business correspondence, newspapers, and legal treatises—she analyzes how investors were prompted to put their money into faraway enterprises, how journalists and bankers created and spread financial information and disinformation, how her subjects made and experienced financial flows, and how responses ranged from policy reform to anti-Semitic conspiracy theories when these flows suddenly were interrupted. Davies goes beyond national frames of analysis to explore international economic entanglement, using the panics’ interconnectedness to shed light on contemporary notions of the world economy. Blending cultural, intellectual, and legal history, Transatlantic Speculations gives vital transnational and comparative perspective on a crucial moment for financial markets, globalization, and capitalism.

Download or read book Boom and Bust in Puerto Rico written by A. W. Maldonado and published by . This book was released on 2021 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Locked In Locked Out written by Zaire Zenit Dinzey-Flores and published by University of Pennsylvania Press. This book was released on 2013-04-22 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November 1993, the largest public housing project in the Puerto Rican city of Ponce—the second largest public housing authority in the U.S. federal system—became a gated community. Once the exclusive privilege of the city's affluent residents, gates now not only locked "undesirables" out but also shut them in. Ubiquitous and inescapable, gates continue to dominate present-day Ponce, delineating space within government and commercial buildings, schools, prisons, housing developments, parks, and churches. In Locked In, Locked Out, Zaire Zenit Dinzey-Flores shows how such gates operate as physical and symbolic ways to distribute power, reroute movement, sustain social inequalities, and cement boundary lines of class and race across the city. In its exploration of four communities in Ponce—two private subdivisions and two public housing projects—Locked In, Locked Out offers one of the first ethnographic accounts of gated communities devised by and for the poor. Dinzey-Flores traces the proliferation of gates on the island from Spanish colonial fortresses to the New Deal reform movement of the 1940s and 1950s, demonstrating how urban planning practices have historically contributed to the current trend of community divisions, shrinking public city spaces, and privatizing gardens. Through interviews and participant observation, she argues that gates have transformed the twenty-first-century city by fostering isolation and promoting segregation, ultimately shaping the life chances of people from all economic backgrounds. Relevant and engaging, Locked In, Locked Out reveals how built environments can create a cartography of disadvantage—affecting those on both sides of the wall.

Download or read book How Latvia Came Through the Financial Crisis written by Anders Åslund and published by Peterson Institute. This book was released on 2011 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latvia stands out as the East European country hardest hit by the global financial crisis; it lost approximately 25 percent of its GDP between 2008 and 2010. It was also the most overheated economy before the crisis. But in the second half of 2010, Latvia returned to economic growth. How did this happen so quickly? Current Latvian Prime Minister Valdis Dombrovskis, who shepherded Latvia through the crisis, and renowned author Anders slund discuss why the Latvian economy became so overheated; why an IMF and European Union stabilization program was needed; what the Latvian government did to resolve the financial crisis and why it made these choices; and what the outcome has been. This book offers a rare insider's look at how a national government responded to a global financial crisis, made tough choices, and led the country back to economic growth.

Download or read book Island Paradox written by Francisco Rivera-Batiz and published by Russell Sage Foundation. This book was released on 1996-11-21 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Island Paradox is the first comprehensive, census-based portrait of social and economic life in Puerto Rico. During its nearly fiftyyears as a U.S. commonwealth, the relationship between Puerto Rico's small, developing economy and the vastly larger, more industrialized United States has triggered profound changes in the island's industry and labor force. Puerto Rico has been deeply affected by the constant flow of its people to and from the mainland, and by the influx of immigrant workers from other nations. Distinguished economists Francisco Rivera-Batiz and Carlos Santiago provide the latest data on the socioeconomic status of Puerto Rico today, and examine current conditions within the context of the major trends of the past two decades.sland Paradox describes many improvements in Puerto Rico's standard of living, including rising per-capita income, longer life expectancies, greater educational attainment, and increased job prospects for women. But it also discusses the devastating surge in unemployment. Rapid urbanization and a vanishing agricultural sector have led to severe inequality, as family income has become increasingly dependent on education and geographic location. Although Puerto Rico's close ties to the United States were the major source of the island's economic growth prior to 1970, they have also been at the root of recent hardships. Puerto Rico's trade andbusiness transactions remain predominantly with the United States, but changes in federal tax, social, and budgetary policies, along with international agreements such as NAFTA, now threaten to alter the economic ties between the island and the mainland.

Download or read book Who Needs to Open the Capital Account written by Olivier Jeanne and published by Peterson Institute. This book was released on 2012 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most countries emerged from the Second World War with capital accounts that were closed to the rest of the world. Since then, a process of capital account opening has occurred, with the result that all developed and many emerging-market countries now have capital accounts that are both de facto and de jure open, while many developing countries also have de facto openness. This study examines this in part by considering some of the first lessons from the current global financial crisis. This crisis may change the terms of the debate on capital account liberalization in a deeper and more lasting way than any of the crises of the past two decades because it may mark a reversal in the secular trend of financial liberalization at the core of the international financial system. The current crisis also raises new questions about the appropriate policy responses to boom-bust dynamics in domestic credit and in international credit flows. Intellectual consistency is needed between the domestic and international dimensions of financial regulation and the policies aimed at dealing with boom-bust dynamics in domestic and international credit.

Download or read book Panic of 1819 Reactions and Policies The written by Murray Newton Rothbard and published by Ludwig von Mises Institute. This book was released on 2007 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Resilience Stories written by Hamideh Mahdiani and published by transcript Verlag. This book was released on 2021-09-30 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Be resilient! Today, we hear this line in almost any context. The term resilience is among the most repeated buzzwords. But why, simply, do we need to be resilient? Hamideh Mahdiani presents answers to this question by challenging a reductionistic understanding of resilience from single disciplinary perspectives; by questioning the dominance of life sciences in defining an age-old concept; and by problematizing the neglected role of life writing in fostering resilience. In so doing, through a multidisciplinary frame of reference, the book works with various examples from life writing and life sciences, and testifies to the focal role of narrative studies in resilience research.

Download or read book Bankers and Empire written by Peter James Hudson and published by University of Chicago Press. This book was released on 2017-04-27 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. A host of financial entities sought to control banking, trade, and finance in the region. In the process, they not only trampled local sovereignty, grappled with domestic banking regulation, and backed US imperialism—but they also set the model for bad behavior by banks, visible still today. In Bankers and Empire, Peter James Hudson tells the provocative story of this period, taking a close look at both the institutions and individuals who defined this era of American capitalism in the West Indies. Whether in Wall Street minstrel shows or in dubious practices across the Caribbean, the behavior of the banks was deeply conditioned by bankers’ racial views and prejudices. Drawing deeply on a broad range of sources, Hudson reveals that the banks’ experimental practices and projects in the Caribbean often led to embarrassing failure, and, eventually, literal erasure from the archives.

Download or read book Puerto Rico written by Jorell Meléndez-Badillo and published by Princeton University Press. This book was released on 2024-04-02 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How did Puerto Rico end up in its current situation? A Spanish-speaking territory controlled by the United States and populated by the descendants of conquistadors, enslaved Africans, and indigenous inhabitants, this island (or rather archipelago) has a unique history. Jorell Meléndez-Badillo begins the book with an overview of the pre-Columbian societies and cultures that first inhabited Borikén, the indigenous name of the Puerto Rican archipelago. Though the arrival of the Spanish had a profound impact on Puerto Rico's history, he takes care to tell the story "from the shore" and not "from the boat." The Taínos were not merely passive victims; though they were enslaved and murdered during the Conquest, they also had powerful leaders like Agueybaná II who organized the Americas' first indigenous insurrection against colonial rule in 1511. When the colonial enterprise was consolidated a few decades after the Conquest, Puerto Rico became a military outpost for the Spanish Empire. By the nineteenth century, Puerto Rico was a slave colony, and it was ruled through a combination of reform and authoritarianism. This resulted in the proliferation of unsuccessful slave revolts and, in 1868, an insurrection that declared the Republic of Puerto Rico, which only lasted 48 hours. Puerto Rico's major regime change came in 1898 with the US occupation. Though being controlled by the United States has shaped Puerto Rico's history in innumerable ways, it inadvertently fostered a sense of puertorriqueñidad (Puerto Ricanness) among the Island's inhabitants. US colonization may have involved forced Americanization, but it also provoked a multi-layered resistance to those projects, from passive disobedience to armed insurrections. The creation of the Puerto Rican Commonwealth in 1952 involved using a number of institutions to create the notion of cultural nationalism that was detached from the island's colonial status, included Puerto Ricans in the diaspora and was not contingent on obtaining national sovereignty. The last part of the book focuses on more recent developments from the neoliberal turn in the 1990s to current (and likely future) socio-economic and environmental crises"--

Download or read book Nationalist Heroines written by Olga Jiménez de Wagenheim and published by Markus Wiener Publishers. This book was released on 2016-05-02 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A group of Nationalists led by Pedro Albizu Campos made it clear that they would free Puerto Rico from colonial rule. A confrontation between the Nationalists and the colonial police in October 1935 left four Nationalists dead. Albizu Campos and seven of his aides were convicted on seditious charges and sent to a federal prison in Atlanta, Georgia. His followers attempted to hold a demonstration in Ponce, Albizu Campos' hometown, and were gunned down by the police: nineteen were killed and more than one hundred and fifty were wounded. Eight Nationalists then attempted to kill Governor, Blanton Winship. Back in Puerto Rico in 1947, Albizu Campos began to plan for a revolution, which he launched on October 30, 1950. A commando unit of five attacked the Governor's residence while others assaulted police stations in half a dozen cities and towns throughout the island. One woman (Doris Torresola) was shot while protecting her leader. The same day Blanca Canales was one of three to lead the revolt in Jayuya. Two days later, two Nationalists, residents of New York, attempted to kill, President Truman at Blair House, his temporary residence. Massive arrests followed and forty-one women were detained on suspicion they had conspired with the rebels. Two of the fifteen women indicted were sentenced to life in prison. Then, on March 1, 1954, another woman (Dolores Lebraon) led three male companions in the attack of the U.S. House of Representatives where five congressmen were shot for keeping Puerto Rico in bondage. Historians have largely overlooked the roles of these Nationalist women. Now the book, Nationalist Heroines: Puerto Rican Women History Forgot, 1930s-1950s seeks to rescue the stories of the women who gave up their freedom in search of freeing their homeland"--Provided by publisher.

Download or read book Battleship Vieques written by César J. Ayala and published by . This book was released on 2011 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The demonstrations that resulted in the US Navy being forced out of Vieques in 2003 were the result of the island's occupation during and after World War II. After German U-boats sank more ships in the Caribbean than anywhere else, the US government decided to transform the island of Vieques into an unsinkable battleship. The Navy thereby ignored the cultural traditions of the Puerto Rican population, introduced racial discrimination, forced the relocation of its population, and showed no concern for the local economy, which was ruined by the occupation.