All posts by Philipe Schoene Roura
Jagged Fiscal Peaks
For all its beauty, pristine beaches, forests and centuries-old architecture, Puerto Rico today is known widely as the land of fiscal cliffs and empty basins. Those rocky debt promontories and infrastructure valleys have come to the forefront...
- Posted July 1, 2022
The Fire this Time
At the advent of the coronavirus pandemic, as lives were being consumed at wildfire speed, both the health care and the pharmaceutical industries the world over struggled mightily to control the blaze. On the health care front,...
- Posted June 24, 2022
Businesses in Extinction
There is a rule in journalism that most of us old-timers— Brontosaurus, really—follow: We do not report about things that affect us directly. No se hace. I am going to break that rule today because I believe...
- Posted June 10, 2022
Under Their Eye, Again
“Hegel remarks somewhere that all great worldhistoric facts and personages appear, so to speak, twice. He forgot to add: the first time as tragedy, the second time as farce.” So commences the “The Eighteenth Brumaire of Louis...
- Posted June 4, 2022
Hold Your Pharma Horses
Although much has been written about the throttling of the Internal Revenue Code’s section 936—the 10-year phaseout of the erstwhile tax break, which concluded in 2006, marks the epicenter of the Puerto Rico economy’s precipitous decline into...
- Posted May 27, 2022
Cowboys and Indians Revisit the Federal Realm
The recent decision by the U.S. Supreme Court that the U.S. Constitution does not require Congress to extend Supplemental Security Income (SSI) benefits to residents of Puerto Rico, more than an act of territorial discrimination, reaffirmed the...
- Posted May 14, 2022
Where Were You When the Lights Went Out?
“Where Were You When the Lights Went Out,” the 1968 comedy featuring Doris Day that showcased the epic blackout in New York, was entertaining and a bit of campy fun. When 1.5 million people lose their electricity...
- Posted May 7, 2022
The Mothers of Invention
It seems like only yesterday that this newspaper moderated a panel discussion on the state of Puerto Rico’s economy featuring two respected economists—Rollins College department director Tonya Warnecke and renowned Puerto Rico expert Heidi Calero—discussing the island’s...
- Posted April 2, 2022
Elixir for a Tax Base
If there were any truth to the English language, the word “tax” would be a four-letter word. That is particularly true in Puerto Rico, where paying taxes—impuestos—is often seen as an undeserved imposition because government administrations have...
- Posted March 26, 2022
Curtains for the Prepa Play?
When the U.S. Congress passed the Puerto Rico Oversight, Management and Economic Stability Act (Promesa) into law in 2016, then-House Natural Resources Committee Chair Rob Bishop (R-Utah) believed he had codified the restructuring support agreement (RSA) between...
- Posted March 19, 2022