
Bad Bunny's Real Gift to Puerto Rico Isn't $200 Million
Much of the coverage has focused on how the 30 shows will be a financial boon for the island — and with good reason. The concerts are expected to pump nearly $200 million into the local economy. This would be significant anywhere, but it carries even greater weight in Puerto Rico, where 43% of the population lives below the poverty line, according to a 2024 Financial Industry Regulatory Authority report. That's more than double the rate of states with the highest poverty rates in the mainland US.
To say that Boricua employees and small businesses — hotels, transportation services and restaurants — are riding the superstar's wave would be an understatement. Even my local café in Old San Juan has a Bad Bunny theme.
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Yahoo
10 hours ago
- Yahoo
RBS play makes a drama out of the banking crisis
Douglas Fraser became BBC Scotland's business and economy editor on the day Royal Bank of Scotland began its downfall, threatening the world economy. He returns to that story as a new play at the Edinburgh International Festival dramatises the bank's downfall. Some stories take you on a journey into the unknown. Make it Happen is all too familiar. Most of us can recall this story from nearly 17 years ago. That's the time it takes someone to grow up, reaching the point of almost being able to get an overdraft. Told in episodes that jog recollection of being an observer, the play catches the events of the banking crisis in that space between fading recent memory and hard print history. "This is a story in time and place," we're told. That time was the NICE decade – it stands for Non-Inflationary Continuing Expansion. It meant property prices rising faster than we could earn income. It was when the Chancellor, Gordon Brown, told us he had magicked up "the end of boom and bust". It was when a financial services boom made the country feel better off but masked underlying problems in the British economy. This is also the story of how that NICE decade turned nasty. The place was Edinburgh, with a new parliament bringing a new confidence and new possibilities. Its New Town had been made possible by banking innovation in the 1700s, bringing order and prosperity. There's a reminder that, less than 20 years ago, banks' foundations were riveted into the volcanic rock on which they built the city's classical architecture. The play recalls going to your branch to take out cash, and brings an uncomfortable reminder of how fast we've come to rely on our money being stored in a digital ledger in a data centre somewhere unknown. Scottish banking "plodded along". It was intensely dull, one character tells us, and the capital's burghers were comfortable keeping it that way. There are elements of satire on the capital's middle class and two of the politicians who were vital to this story, Alistair Darling and Gordon Brown. "Dinner at Contini's," brag the bankers, "then on to Fingers Piano Bar." Where RBS became an unstoppable force - the only immovable object in the city was John Lewis department store and its devoted customers. Its vaulting ambition arrived like a stranger riding into town - a Paisley buddy, one Fred Goodwin, who had shredded the workforce at the Clydesdale Bank HQ in Glasgow and was recruited to make banking a lot more interesting at RBS. The bank's advertising slogan is recruited as his instruction to staff: "Make it Happen". Or else. I recall discussion, in the years soon after the RBS near-collapse, of how Fred Goodwin's story could be dramatised. We concluded that the star of the show was too dull. Playwright James Graham does not disagree. An outsider to Scotland and Edinburgh's banking class, he did his homework on this story. He doesn't give Fred Goodwin the charisma of a dramatic starring role, but instead a geeky, thoughtful intensity, building fear through his silences, with a ruthlessness that makes the audience gasp. Played by Sandy Grierson, what gives him energy is his dialogue with the ghost of Adam Smith, played by Brian Cox. The father of economics is rarely seen as either slightly camp or foul-mouthed, but in this reincarnation, the Dundonian screen star gets the best laughs. Goodwin worshipped Smith's The Wealth of Nations and is seen misinterpreting the philosopher's teaching as a manifesto rather than an observation of the way economic entities behave. He desperately wants to believe that personal ambition serves the common good. But Goodwin failed to read Smith's balancing treatise on "moral sentiment", leaving him untethered in both his rise to greatness and his mighty fall. Swearing, Smith's ghost concludes that Goodwin is an "idiot". 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Nemesis comes in the form of a retired schoolteacher, played by Ann Louise Ross, with a handful of RBS shares, the mic at the bank's annual general meeting, and some awkward questions. How the RBS crisis shapes today To tell the story, James Graham spares us the financial complexities that gave some of us sleepless nights. The script touches only briefly on subprime mortgages being sliced and diced into toxic derivatives. There's no mention of synthetic collateralised debt obligations. What it also avoids is any exploration of the consequences of the financial crisis, and of how its toxicity spread from this classical tragedy to infect so many around it. Instead, Make it Happen has a narrative arc lasting only from 1999 to 2008. So much harm done in such a short time. The play has enough to say as it is – an important story of a crisis and an inflection point in our national story. Our memories jogged, it leaves the audience challenged to consider how many of those consequences have shaped the economic and political world we live in now. Make It Happen runs at the Festival Theatre in Edinburgh until 9 August. Brian Cox returns to the Scottish stage as Edinburgh festivals begin A very British humiliation Goodwin stripped of knighthood


New York Times
11 hours ago
- New York Times
Bad Bunny Just Wants to Stay Home. So Do I.
On July 11, Bad Bunny kicked off his three-month residency at the Coliseo de Puerto Rico. The first nine shows were reserved for locals, but starting this weekend they are open to anyone, and hundreds of thousands of people from around the world will begin pouring into our archipelago. It's the kind of extended run usually reserved for Las Vegas — not a bankrupt U.S. colony reeling from hurricanes, blackouts and political dysfunction. But that's precisely the point. What's unfolding in San Juan this summer is more than a run of shows. It's a reminder that you don't have to assimilate, or leave home to find success, and that staying in Puerto Rico does not have to mean sacrifice. We can do more here than just endure — we can thrive. And we can do it without destroying our natural resources or courting tax exiles, but by investing in our most renewable resource: our cultural genius. Bad Bunny, or Benito, as he is affectionately known here at home, rose to fame in 2016, which happened to be the same year Congress imposed an unelected fiscal control board to oversee local finances. His music has become the soundtrack of both our trauma and our resistance, echoing through hurricanes, earthquakes, blackouts, mass protests that toppled a governor and the rise of new political coalitions. He's become our global ambassador, spotlighting both our challenges and the richness of our culture. It's a heavy burden for a 31-year-old who just wanted to make music. But, true to his stage name, he carries it with roguish charm. His lyrics, always sung in Spanish, blend the harsh realities of blackouts, potholes, colonialism, corruption and displacement with the emotional weight of love, the pleasures of lust and the messy beauty of community and family. In doing so he has created a new kind of protest music, one that grieves, celebrates and grooves all at once. His latest album, 'Debí Tomar Más Fotos,' or 'I Should Have Taken More Pictures,' is a love letter and a lament for a Puerto Rico slipping through our fingers: betrayed by its leaders; its neighborhoods displaced for luxury developments; its land sold to outsiders, subdivided by Airbnb and crypto schemes and repackaged as paradise for others. The album and concert series 'No Me Quiero Ir de Aquí' ('I Don't Want to Leave Here') express both a desire to stay and build, and a fear that doing so may not be possible. Its message has resonated far beyond Puerto Rico. On social media, people from places as near as Cuba and as far as Gaza have paired clips of the title track with images of homelands they were forced to leave. The posts capture a collective longing — not just for what was lost, but also for what might have been. Like them, Puerto Ricans face an agonizing decision: stay and fight, or leave and risk never finding their way back. Want all of The Times? Subscribe.
Yahoo
14 hours ago
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Former NBA Star's Pregnant Wife Bitten By Shark In Puerto Rico: 'Worst Day Of My Life'
Eleonora Boi, the wife of former NBA star Danilo Gallinari, revealed she survived a shark attack while pregnant. The Italy native, who is currently expecting her third child with the athlete, was bitten by a shark while swimming at a beach in Puerto Rico, where her husband currently plays. "It was the worst day of my life, maybe my grandmother Nella was right when she said 'on the seas you traitors,'" she wrote in a translated Instagram post on Aug. 1 alongside a photo of herself wearing a hospital gown. "I never thought I could get attacked by a shark and I was near the shore and on a super crowded beach. Thankfully me and my baby are fine, I was rushed to the rescue and the surgery to fix my poor bruised leg, [it] went well," she added. Eleonora's post comes one day after the Department of Natural and Environmental Resources in Puerto Rico announced the incident to the public, although it didn't disclose the identity of the woman at the time. Solve the daily Crossword