jv16PT_DebugLog.txt is supposed to appear on the Desktop. Since it didn't, it seems jv16pt.exe is having the problem quite early in its execution.
Sometimes (rarely) the program acts funny when it's checking license validity.
Your PowerTools folder probably looks like this: http://www.macecraft.com/phpBB2/viewtopic.php?p=11902#11902
… except of course it would refer to PT, not RSP, and you should have a license.xbin file there.
You could try this: 1. Move license.xbin somewhere (offline storage) where the program can't find it.
2. Start PT. If you get some kind of trial period is over pop-up, then you may need to get a fresh license from Macecraft … perhaps it has somehow become corrupt ...
Or perhaps the downloaded installation package is corrupt. You could download a fresh copy and try again.