Puerto Rico Blackout Enters Second Day - Entire Island Of 3.5 Million People Without Power

Tyler Durden's picture

The 3.5 million people of Puerto Rico are entering their second day with no power after a substation fire knocked out service to the entire island.   The power outage has left schools scrambling to cancel classes and public hospitals forced to cancel surgeries.

Perhaps even worse, the outage caused numerous fires across the island as a result of malfunctioning generators, including at the upscale Vanderbilt hotel in the popular tourist area of Condado and at the mayor’s office in the northern coastal town of Catano.

While Puerto Rico's Governor Padilla and the utility's CEO, Javier Quintana, have said they expect service to be restored by this morning, many Puerto Ricans are dubious saying that the economic slump has affected the government's ability to maintain basic infrastructure.  According to the Wall Street Journal, hundreds of people took to social media to criticize the Electric Power Authority, noting they already pay bills on average twice that of the U.S. mainland.

The fire apparently started at this sub-station in Central Aguirre, Puerto Rico.

 

Firefighters were able to extinguish the flames but the damage has still not been repaired leaving millions without power. 

 

Per the WSJ, it's unclear how much damage the fire caused or where the power company would obtain the money to repair and/or replace the damaged equipment. In addition to Puerto Rico's efforts to restructure $70BN of public debt, the utility is also struggling with $9 billion of its own debt that it too hopes to restructure amid corruption allegations.

The outage was the latest hit for Puerto Rico, a U.S. territory that has been mired in a decade-long economic crisis resulting in the need to restructure nearly $70 billion in public debt. 

Seems that diverting all tax revenue to service mounting public debt balances does have long-term consequences...something the mainland could probably learn from. 

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Squid Viscous's picture

You know what this means, thousands and thousands of more adorable little skunks in 9 months...

MANvsMACHINE's picture

How are "people taking to social media" without power?

hedgeless_horseman's picture

 

Bllackouts and looting could never happen where you live.  But if it did, are you ready?

 

RadioFlyer's picture

good call on the last item, the class.  ain't nothing but a fancy club unless you have the training to use it.

MillionDollarBonus_'s picture

You see what happens when you implement austerity??? Austerity doesn’t work! How many times to we have to learn that lesson? It didn’t work in Greece, it didn’t work in Portugal, and it isn’t going to work in Puerto Rico either! We need to spend more during an economic downturn, not less! Paul Krugman and other economists have been shouting this from the rooftops, so why aren’t we listening?

Celebrities Speak Out Against Trump

BabaLooey's picture

LOL

Invoking Krugman are we?

That alone makes you dumber than dirt.

Oh and by the way - go suck a bag of celebrity dicks.

 

bamawatson's picture

but but but paul ryan fixed puerto rico; npr told me

cdevidal's picture

"We need to spend more during an economic downturn, not less! Paul Krugman and other economists..."

The irony. Krugman and other Keynesians are why Puerto Rico is in the state they are in to begin with.

What's the definition of insanity?

stacking12321's picture

puerto rico isn't in a state, it's in a territory.

getting the facts straight is important, that's why you should read the site that MDB linked to, it has writing by top accredited intellectuals:

https://accredited-times.com/

 

cdevidal's picture

Uhhh I didn't use the term "state" as in a state in the union, but as in a condition. "in the state they are in" does not mean state in the union.

Nice try, MillionDollarBonus_.

stacking12321's picture

if you were an accredited writer, you would use more clear and unambiguous language.

i'm sure MDB will be happy to give you some pointers.

joego1's picture

Paul Krugman needs a little help off his rooftop.

Buzz Fuzzel's picture

Austerity means living within your means.  It works.  What does not work, as we see here is living today on money you will work and earn at some undetermined point in the future.

 

PavlovPup's picture

Tell the government that please I theink they are unclear on the concept. conditions characterized by severity, sternness, or asceticism.


auricle's picture

Austerity is not the solution it is the result of a ponzi MDB. Printing only prolongs the ponzi it doesnt resolve it and it also makes for even more austerity in the future. 

shastatodd's picture

"Austerity is not the solution it is the result of a ponzi MDB."

right, and there are no limits to growth on a finite planet. (sigh) 

sharonsj's picture

That's not what austerity means to the bankers, hedge funds and politicians.  You fail to understand what's going on globally, which means you've haven't read a damn thing about the EU.

biffula's picture

This moronic dick cheese makes a post a day on every thread just to spam his blog. He ought to be banned....not for spamming, but because he's a brain dead.

i2choose's picture

MDB is wonderfully ironic. Does a better job of exposing flawed thinking than a lot of articles! I love this input, gives me a good chuckle.

Countrybunkererd's picture

He has a right to speak nonsense and pure stupidity.  We don't want to go their route and act as they do trying to ban all contrarian thoughts.  Best to allow it then show how utterly stupid they are with factual data.

MDB is like a pet fly.  It lands on shit, eats it and spreads it around but can't comprehend that there is a better way than eating shit.  Same for all in the parasite classes in ALL political parties.

Offthebeach's picture

Puerto Rico is just CABRINI GREEN surrounded by water.

 

Cut them loose and they can print and spend as much as they want. 

mkkby's picture

Multi day power outage on a nigger infested island.  It must be absolute mayhem.  People must be randomly hacking each other up with machetes, raping anything that moves.

Anybody with a 2 digit IQ and a sense of self preservation is waiting far offshore right now.

Lumberjack's picture

According to AWEA, all those windmills in Puerto Rico will save the day. /s

JRobby's picture

Goldman, bondholders shut them off.

gellero's picture

Print your way to prosperity?

Why has this not worked???? Please explain??

Anopheles's picture

Yes,  third world problems.

Coming soon to a country near you......

Mustafa Kemal's picture

Indeed, to this country. Especially now that with the Republican take over of Puerto Rico, they will be worse off than Haiti with the Clinton Foundation.

Countrybunkererd's picture

First, i didn't down vote you, if that sort of nonsense is important to you.  It seems we have so many people concerned with that thing in the fight club these days.  Oh, i got punched in the mouth, whaaahhhhaaahh... When do you see MMA fighters crying because of a black eye?

Republican???? takeover of puerto rico?  PR has a group that looked to their southern neighbor Venesuela as well as Cuba and in so doing ran off tens of thousands of businesses and professionals, doctors, etc. in the last decade.

Is it now a republican problem because a republican tried to help and put thier name on something caused years ago?  Sounds familiar.  Is it still Bush's fault, or Reagans? Or Lincoln's?  Where is the honor of men(and women) who historically said "The buck stops here"??

How it is a good thing to start a railroad under one party then not only shut it down but tear it out in the next election cycle, all at the taxpayer expense.  PR is a mirror to what is happening withing the US but on a shorter timeline.  PR is vomiting up their liberal decisions, at the expense for now, their electrical grid and next month another issue, something the mainland will soon experience.

A bankrupcy of morals and rampant corruption within the government ALWAYS causes societies to crumble. 

WHEN exactly does a government decide to curtail spending and live within the means provided by the citizenry?  Seems like when it all collapses is the choice they made.

cro_maat's picture

If you want to understand how things work in PR, you need to stop reading history (propaganda) books and look at treaties and Supreme Court cases for the actual facts.

From the famouse Supreme Court case of Downes v. Bidwell: https://supreme.justia.com/cases/federal/us/182/244/ 

"The government and disposition of territory so acquired belong to the government of the United States, consisting of the President, the Senate,  elected by the states, and the House of Representatives, chosen by and immediately representing the people of the United States.

So long as Congress has not incorporated the territory into the United States, neither military occupation nor cession by treaty makes the conquered territory domestic territory in the sense of the revenue laws. But those laws concerning "foreign countries" remain applicable to the conquered territory until changed by Congress.

If Congress is not ready to construct a complete government for the conquered territory, it may establish a temporary government, which is not subject to all the restrictions of the Constitution. Page 182 U. S. 247"

Puerto Rico is an owned subsidiary of the USSA D.C. corporaration and the USSA shareholders are responsible for this mess. The debt is theirs and no one elses and it is their problem to fix, restructure, sell off the subsidiary or declare bankruptcy.

gellero's picture

Set them FREE...so they can have their own future: WE DON'T NEED PUERTO RICO

Havoc Squad's picture

I did downvote you.  For some reason.  Oh yeah, your post was braindead and less than worthless.

Vin's picture

How did you post a pic?  Everytime I try it get's eliminated.

Snaffew's picture

c'mon...that was a famous line from Aliens...a completely appropriate post---good job hedgeless!

J Jason Djfmam's picture

They mostly come out at night, mostly.

Doom Porn Star's picture

"Puerto Rico, a U.S. territory that has been mired in a decade-long economic crisis resulting in the need to restructure nearly $70 billion in public debt.  "

"3.5 million people"

 

$70 billion ÷ 3.5 million people = $20,000 per every person.

Just for the Puerto Rican territorial debt under consideration for restructuring/default.

The total number is probably more than twice that once the other outstanding bills, such as the corrupt and heavily indebted power authority, unfunded pensions and public health and services liabilities already outstanding are fully considered...

Like Venezueala: darkness, violence, and suffering are the future of mismanaged and bankrupt Puerto Rico...

Ignorance is bliss's picture

Even if they paid back their debt, they would experience the same issue within a couple more years. The problem is one of solvency and the ability to earn income. The cash starved bloated government taxes everything to death. The infrastructure..roads, electrical grid, water, sewage, everything deteriorates so no one wants to invest. All they can do is sell off whatever assets they have like the airport, to keep the lights on for a day or two. Swirling into the toilet bowl. These incidents won't stop here, it's just the beginning for Puerto Pobre.

Doom Porn Star's picture

Unfortunately, some people persist in trying to change Puerto Rico into something that it is not and can never be under the present state of technology.

It's a rural tropical island with little resources.

Puerto Rico is really only suitable for use as a stingently managed targeted agricultural economy -and not much more.

Most tourists expect a rather high level of comfort; and Puerto Rico lacks the resources with which to provide a sustained level of comfort services upon which to predicate a viable hospitality and tourism economy...

Ignorance is bliss's picture

Soon They'll compete with Cuba for sex tourists to keep the lights on, the toilets flushing, and food on the table.

cro_maat's picture

PR is a wholly owned subsidiary of the US District of Columbia corportion. It has been used by the DC shareholders much like the subsidiaries of the late Enron. Now that its usfulness is over I expect DC to sell it off in pieces. I think they were hoping the QE forever would wipe away the debt but so far no luck. In the meantime, they will continue to tithe the serfs of PR to the max until the carcass is picked clean. Then they will  import some ME slaves and start over.

Maybe the CIA can move their opium production to PR so that they veritcally integrate production with finance (money laundering) in the same locality.

sanjuandon's picture

There was an article recently about one of the local pension plans.....it was reported to be 99% underfunded.....hahah...thats not a pension plan thats a cruel joke they played on their workers.  People need to start going to jail or be strung up on the lamposts.....this is criminal and they are fukking with peoples lives.

tongue.stan's picture

Call in J-Lo. Dat bitch gots mo benjamins than the entire freeking country.

Yukon Cornholius's picture

Don't be fooled by the rocks that she's got, she's still Jenny from the block.

Doubt she's been there, well, ever.

tongue.stan's picture

OK, then, Rosie Perez. Happy now?

FrankDrakman's picture

Well, Ontario is mostly white, mostly educated, and yet we have voted in Libtards for 15 years with the following disastrous results:

Population: 13.6 million (roughly 4 times PR)

Debt:  $307 billion C$ ~ $230 billion US$ (roughly 3 times PR)

So, we're not much better. The problem isn't racial; it's political. Libtards can't help but spend money they don't have, as they are all deeply craving approval (note Canada's Libtard PM who has never met a selfie he doesn't like, but hasn't done a damn thing except spend money since he was elected)

Looks to me like the only thing that will stop the financal blood from leaking will be real blood in the streets. 'course, that's when the Rothschilds will be buying. 

Doom Porn Star's picture

You only identify part of the problem.

Ontario has a great plenty of natural assets and Puerto Rico does not.

The Government of Ontario could in fact pay their bills if they wanted to instead of pyramiding debt; and Ontario may one day be forced to..

Indeed: Statist and Socialist tendancies and activities are the means by which the bureaucrats and corporatists ensalve populations by promising and providing, via means of coercion and fraud and aggression, that which does not belong to them to those populaces.

Cease allowing and encouraging the fraud, lying, and theft -and the ideological bankruptcy will be apparent.

More Ammo's picture

I was talking to a co worker some time back with a touch of progressive brain damage and she was showing me a picture of her daughter doing some of them as she was doing some kind of volunteer work with and made a statement of how cute they are as babies.

I found it funny that she agreed with me when I replied that well, just like puppies are but they always grow up to be dogs...