From: Richard Kahn < i›. Sent: Wednesday, September 27, 2017 7:46 PM To: Alan Dlugash Cc: Jeffrey E. Subject: PR Debt holders https://theintercept.com/2017/09/27/puerto-rican-debt-holders-r=spond-to-catastrophic-hurricane-by-offering-puerto- rico-more-debt/ Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 fax 212-320.0381 cell 917-414-7584 On Sep 26, 2017, at 8:32 PM, Alan Dlugash =It;alan.dlugash@gmailcom> wrote: I've been hearing of this issue since I've become involved in =uerto Rico, though I never quite understood why those companies that =ere already in PR (with its lower costs and capable workforce) would =ecessarily leave when the tax break ended. But also significantly =ontributing to the economic decline was/is 1) =nforcement of US minimum wage laws, driving employment underground - or =ust out 2) Jones Act, severely hampering =rade 3) Bloated Government costs and =olicies (overpaid, underworked, too generous pensions), and 4) Welfare/disability culture. =nbsp; Alan On Tue, Sep 26, 2017 at 5:32 PM, =ichard Kahn <[email protected]> wrote: https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos- economy.html Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 <tel:212-971.1306> EFTA_R1_01353452 EFTA02361584