Puerto Rico

The Jones Act and the Cost of Shipping Between U.S. Ports

By and ·October 19, 2017
Brandeis University and Harvard University

The Issue:

The efforts to help Puerto Rico recover from Hurricane Maria, which made landfall on the island on September 20, 2017, have brought attention to a previously little-known piece of legislation, the Jones Act. This act prevents foreign-owned or operated vessels from shipping between ports in the United ...
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Puerto Rico’s Debt Trap

By ·May 16, 2017
Brandeis University

The Issue:

At the beginning of May, Puerto Rico entered an unprecedented form of bankruptcy protection with a record breaking $123 billion in combined debt and unfunded pension commitments. The ensuing restructuring process will be, in effect, the largest municipal bankruptcy ever, dwarfing Detroit’s $20 billion ...
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