Puerto Rico files for biggest US municipal bankruptcy ...
Thought I'd share this. We btw are not concerned about our safety but, (the land portion) a resort that may be affected.
....oh, whereabouts? My mom lives in the northwest corner of Puerto Rico.My grandmother is there right now visiting family. She says it's business as usual except everything is so expensive but she's been saying that for years. She's not even in San Juan. Her family is on the other side of the island....
....oh whereabouts? My mom lives in the northwest corner of Puerto Rico.
....I'm down with that.They should have Capt. Jack Sparrow do a PSA promoting rum.
Really not a big deal. Orange County CA when bankrupt in 1994, and people kept gong to Disneyland. Detroit went bankrupt a couple years ago. Illinois is on the way there...
Article is from May 3, so not exactly breaking news.
Municipal bankruptcy is not uncommon. List of more notables here:
https://en.wikipedia.org/wiki/Chapter_9,_Title_11,_United_States_Code#Notable_Chapter_9_bankruptcies
While things may not be great for those who are residents, I wouldn't let this affect my vacation plans.
The level of numbers of schools alone at 200 is unprecedented. Pension monies that are underfunded. For 3 years now my husband and I have lived under the threat (Steel Co. Bankruptcy & Restructuring) of loss of his pension. The past 2 and counting without the benefits plan (his was the one we opted into over mine) They have sold the Co. And are dotting the i's, crossing the t's, and as the end result stands we will receive 30 percent less in pension; and more than likely the same with our benefits.
Article is from May 3, so not exactly breaking news.
Municipal bankruptcy is not uncommon.
https://en.wikipedia
While things may not be great for those who are residents, I wouldn't let this affect my vacation plans.
I'm sorry--I truly don't understand. How does that have anything to do with your original post (vacationing in Puerto Rico)?
This has been going on for a while. But don't worry, you won't be mugged by homeless people when you get off the ship or have closed businesses everywhere. Best thing you can do is support the local businesses there by going out to eat at one of the local restaurants or taking a tour with one of the tour guides when you get off the ship. We were just there about a month ago and it was business as usual.My experience is simply shared to shed light on the idea that "Business is as usual" it is not when bankruptcies affect all areas of the lives of the residents, and the functions of their cities. We will contribute to their tourism but, choose not to stay on the island.
I really don't understand what you are saying. This bankruptcy has 0 affect on tourism. Yes, those who held bonds and pensions there are broke now. How will that affect you. The casinos stay open, the rum still flows and the food still tastes great.My experience is shared, to shed light in that pension losses alone which will happen; "Business is as usual" it is not, when bankruptcies affect all areas of the lives of the residents, and the functions of their cities. With all due respect this is a whole country we are talking about. As I've said will contribute to their tourism but, choose not to stay on the island.