The first ninety days sets the bar for expectation
December 15, 2018 – Justin Moorhead
Decisive action in the first ninety days of a new administration develop momentum and determines expectation.
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The Good, the Bad and the Ill considered
August 2, 2018 – Justin Moorhead
The past few weeks highlighted the good, bad and ugly of where we are in our effort to get the economy back on track. The good… The opportunity to reopen the St. Croix refinery is clearly the good. If successful the reopening will revitalize St. Croix’s role in the petroleum refining industry and expand the…
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At least Puerto Rico has a plan, why not us?
March 10, 2018 – Justin Moorhead
A recent conversation on our coming 2018 election raised the question of whether the candidates (incumbents and challengers) truly understand the breadth of the problem facing the Virgin Islands and are thinking beyond winning to the issues of governance. Tangentially related, a recent published critique of Puerto Rico’s new fiscal plan of recovery, conflated my…
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Buffeted by Hurricanes; Flattened by Debt
December 12, 2017 – Justin Moorhead
The federal government is requiring we descend the proverbial rabbit hole and go further into debt to defray the cost associated with hurricanes Irma and Maria recovery. Government leadership should have rejected this offer. To do so would have required unity of purpose. It would not have been an easy decision and clearly not politically…
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There is No Free Lunch
December 12, 2017 – Justin Moorhead
The decision to accept disaster recovery funding from FEMA in the form of senior lien pari passu debt is the tip of the iceberg of problems to come. Over the past weeks and months we willingly deluded ourselves that the federal government will see the Territory through to full recovery, regardless of our ability to…
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