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Tourism In Puerto Rico Up Despite The Island’s Debt Crisis

Photo credit: laht.com

Photo credit: laht.com

Diane Alverio

CTLatinoNews.com

Arriving in San Juan, Puerto Rico has always been one of my favorite experiences. It’s the only place I know of that when you land, passengers cheer and clap wildly.

But this year, in addition to the excitement over being able to exchange the harsh winter for sun, beach, and temperatures in the 80’s every day, when the wheels touched the ground many were also wondering if instead of a relaxed getaway,  would they find themselves  in the midst of a political saga.

For months now, Puerto Rico has been mired in a debt crisis that has overshadowed other news from this Caribbean island, especially about its key business – tourism.   A commonwealth of the U.S., the local government has been struggling with a crushing  72 billion dollar debt, its hedge fund collectors have called for austerity measures by laying off government workers and …

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Hispanic Realtors Identify 10 Disciplines To Build Wealth

Hispanic Mother, Father and Daughter in Front of Their New Home with Sold Home For Sale Real Estate Sign.

 

The National Association of Hispanic Real Estate Professionals® (NAHREP®) has introduced 10 key practices that Gary Acosta, NAHREP CEO and co-founder, has created as one of the initiatives for the Hispanic Wealth Project (HWP). The HWP was launched by the NAHREP foundation with the aim of tripling Latino household wealth in the next 10 years in response to the dire economic state of Latinos after the housing crisis. “There is a need for knowledge and discipline around the subject of wealth in our community.” says Gary Acosta. “NAHREP believes our members can play an integral part in addressing the wealth gap by applying these principles to their daily lives and spreading the word in their communities.” The disciplines are as follows:

  1. Have a mature understanding of wealth and prosperity – because the one with the most toys usually loses
  2. Be in the top 10% of your profession – because

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Hartford’s Treasurers’ Office Addressing Issue Of Hispanic Financial Literacy

Hartford City Treasurer Adam Cloud and Assistant Treasurer Carmen Sierra are working on increasing financial literacy for Latinos

Hartford City Treasurer Adam Cloud and Assistant Treasurer Carmen Sierra are working on increasing financial literacy among Latinos and city residents.  Photo credit: courant.com

 

Bill Sarno

CTLatinoNews.com

In Hartford, all too frequently small business owners in the city’s Hispanic community question why it is easy for them to make deposits in local banks, but getting a loan from these same institutions is very difficult or impossible. 

This scenario is not unusual around the state or nationally, says Carmen Sierra, the assistant treasurer for the city of Hartford, who with the city’s treasurer, Adam Cloud, is working to raise the issue of financial literacy for Hispanics and all city residents. 

The lack of knowledge of how financial institutions operate and not planning ahead financially is increasingly becoming more of a critical economic issue because, as banks and other financial institutions are maneuvering to tap into the growing economic clout and

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