Thursday, March 19, 2015

NPRChamber Releases Report on Puerto Rico's Economy

The National Puerto Rican Chamber of Commerce (NPRChamber) today released its report on Puerto Rico’s economy, which discusses its currently distressed economic status, as well as some of the historical factors that have led to its current state.

Entitled “Puerto Rico’s Economy: A brief history of reforms from the 1980s to today and policy recommendations for the future,” the report further describes some of the structural reforms that have taken place over the last several decades, and concludes with a discussion of policy alternatives that should be considered for the present economy and into the future.

“Over the last decade, Puerto Rico has undergone a number of policy shifts that have impacted its economy. But these changes have been but a brief moment in the context of what really led to Puerto Rico’s current economy,” said Executive Director Justin Vélez-Hagan. “Only through hindsight can we begin to understand what has led to the economic environment of Puerto Rico today, and what changes might be better suited to long-term prosperity.”

Puerto Rico’s economy has been stagnating or contracting for nearly a decade, while unemployment remains more than double that of the rest of the U.S., leading to migration from the island at a rate higher than in any state in the country.

In addition, total debt has reached levels that many critics and economists now consider to be unsustainable, leading its legislators to recently ask the Federal Government for bankruptcy protections not currently afforded the municipality, as well as to push for Congressional action to permanently change Puerto Rico’s status from that of an American territory, objectives that will have nationwide ramifications.

Here is a link to the full report:

http://nprchamber.org/files/3-19-15-Puerto-Rico-Economic-Report.pdf

source: NPRChamber release

Friday, March 06, 2015

SummerStage to Celebrate its 30th Anniversary Season

SummerStage Celebrates 30th Anniversary Season Leaks 30 Artists Over 30 Days Culminating April 8th

The non-profit City Parks Foundation’s famed SummerStage performing arts festival is celebrating its 30th anniversary season this year.

To get fans pumped for the summer and to shake off a case of the late winter blues, SummerStage will leak the names of 30 artists performing at the citywide festival starting on March 9th. One artist will be announced daily over the course of 30 days, culminating in the full season announcement on April 8th. Artists will be broadcast via all three of SummerStage’s social media accounts, giving fans an interactive outlet to share their excitement for this season’s upcoming shows.

To stay up to date on the artists being announced, follow SummerStage via the below links and visit www.SummerStage.org for festival information.

PRSUN can't wait to find out the artists, especially the Latin music artists, who will entertain us this summer. Un verano en nueva york is certainly better with SummerStage, one of our favorite things to do in the summertime.