Author Archives: admin

As aptly described in Walter Isaacson’s biography of Steve Jobs, this late genius of technological innovation was prone to deploying a “reality distortion field” to bend friends, foes and facts alike to his will.  Jobs’ reality distortion field had both … Continue reading →

Regarding your editorial “Jack Lew, Investment Killer” (Oct. 17): Even before the Treasury Department’s decision to prevent the use of “hopscotch” loans to evade taxation of repatriated earnings, U.S. multinationals had stockpiled nearly $2 trillion in foreign cash. Therefore, leaving the system … Continue reading →

Por David R. Martin El mes pasado, dos economistas venezolanos y catedráticos de Harvard, Ricardo Hausmann y Miguel Ángel Santos, criticaron la decisión del gobierno de Venezuela de seguir pagando a bonistas cuando el país ha incumplido con otros acreedores … Continue reading →

The proposal that the U.S. join other countries in adopting a territorial tax system is a profoundly bad idea.  (Obama’s halfhearted swipe at tax inversions, Sept. 24) First and foremost, the U.S. is not the same as other countries. It … Continue reading →

Sir, As part of a desperate exit strategy, firms speculating in Puerto Rico bonds have ample reason to talk up the island’s economic prospects (“Hedge funds spark review of Puerto Rico economy”, August 21). But the fantastic assertion that the … Continue reading →

To the Editor: While its legal viability is questionable, the Puerto Rico Recovery Act sends a long-overdue message to revenue bondholders of commonwealth-owned utilities: The central government should not and must not subsidize bonds of these independent entities (“Puerto Rico: … Continue reading →

By David R. Martin Shakespeare was right about one who protests too much: When denials are emphatic, it’s probably wise to believe the opposite. The relentless denials of an imminent default on Puerto Rico bonds by Gov. Alejandro García-Padilla almost … Continue reading →