News from Puerto Rico:
June 25, 2016
WASHINGTON, USA -- A broad coalition of prominent Puerto Rican civil society leaders and organizations, representing all sides of the ideological and political spectrum, on Thursday issued an open letter to US Senators calling on them to oppose the Puerto Rico Oversight, Management...
June 24, 2016
AGUADILLA, Puerto Rico -- US Customs and Border Protection (CBP) Air and Marine Operations on Wednesday inaugurated a new aircraft hangar and support facilities at the Rafael Hernandez International Airport in Puerto Rico. The new 30,000 square foot facility is part of the Caribbean Air...
June 23, 2016
On June 9, the House of Representatives passed a piece of legislation called the “Puerto Rico Oversight, Management and Economic Stability Act” (PROMESA), a bill focused on addressing Puerto Rico’s debt repayment of US$2 billion due on July 1, which is now moving along to the...
June 22, 2016
On Monday June 13, the Supreme Court of the United States ruled in Puerto Rico v. Franklin California Tax-Free Trust to place the future of the island’s debt restructuring in the hands of the United States Congress. With this decision, the Court has further extended the legacy of...
June 17, 2016
SAN JUAN, Puerto Rico -- From the first hours after the news of the Orlando massacre broke, in which a shooter named Omar Mateen killed 49 people and injured 53 others in an act of hatred of LGBTQ people, it was clear that most of the men and women who died that day were Latin Americans.
June 14, 2016
SAN JUAN, Puerto Rico -- After two full days of intense competition, blue skies and perfect weather conditions, close to 300 sailors from all ages participated to the best of their abilities at the Puerto Rico Heineken International Regatta (PRHIR) and the Puerto Rico International Dinghy Regatta.
June 13, 2016
I am a 55-year-old saving for retirement. I find “A” rated Puerto Rican municipal bonds offering about 5% in double tax free income. So I buy them. We find out later that the agency that issued them knew they were technically bankrupt and could not pay that money back. We also find out...
June 11, 2016
ST CROIX, USVI -- The US House of Representatives passed legislation on Thursday by a 297-127 vote to address Puerto Rico’s fiscal and economic crisis after several months of contentious debate. The bill, known as the Puerto Rico Oversight, Management, and Economic Stability Act...
June 10, 2016
SAN JUAN, Puerto Rico -- Puerto del Rey Marina in Fajardo is ready this weekend to host of the 11th edition of the Puerto Rico Heineken International Regatta (PRHIR) and the Puerto Rico International Dinghy Regatta. The event is organized by Dutch beer company Heineken.
June 9, 2016
SAN JUAN, Puerto Rico -- The Puerto Rican Tourism Company (PRTC) is currently reporting a 100% occupancy rate for local hotel partners in Boquerón, Puerto Rico -- and the surrounding areas on the west coast -- with no reported cancellations, as travelers flock to Puerto Rico.
June 8, 2016
SAN JUAN, Puerto Rico -- There are many reasons why the summer of 2016 will prove to be pivotal for the future of Puerto Rico, a territory under the control of the United States. The Puerto Rican government is expected to default on almost $2 billion in general obligation bonds.
June 7, 2016
HAVANA, Cuba (ACN) -- Puerto Rico’s governor Alejandro García Padilla said his administration expects to open an office in Havana to promote trade and cultural exchange. Padilla made the announcement while speaking to reporters during the recent summit of the Association of Caribbean...
June 7, 2016
Senior citizens and savers throughout the 50 states and Puerto Rico have taken tens of billions in municipal bond losses. It has become clear that the rating agencies have been knowingly and intentionally issuing good credit ratings for technically bankrupt municipal entities.
June 6, 2016
Recently, there have been several attempts to assimilate the District of Columbia status to the one of a US territory. In the midst of a presidential election year, the DC Mayor Muriel Bowser, a Democrat, intends to prepare a statehood package for the District of Columbia when the new...
June 4, 2016
SAN JUAN, Puerto Rico -- According to a 44-page report released on Thursday by a 17-member commission sponsored by the government of Puerto Rico, much of the territory’s debt may have been issued illegally and requires further investigation, subject to official funding.
May 28, 2016
SAN JUAN, Puerto Rico -- The Puerto Rico Tourism Company (PRTC) has maintained close contact with the US Centers for Disease Control and Prevention (CDC) on the ground in Puerto Rico to communicate zika facts to the public. Now, PRTC and the Puerto Rico Hotel & Tourism...
May 28, 2016
The Puerto Rico (PR) bonds were rated investment grade by the US credit rating agencies (S&P; Moody’s and Fitch), dubbed the “The New Masters of Capital” by Cornell University Professor Timothy Sinclair, who are “regulated” by the Securities and Exchange Commission (SEC).
May 24, 2016
WASHINGTON, USA -- US Democratic presidential candidate Senator Bernie Sanders on Friday rejected proposed legislation to put the US territory under the control of a congressionally-appointed financial control board, calling on Congress to stop treating Puerto Rico like a colony.
May 24, 2016
WASHINGTON, USA -- This year’s Scripps National Spelling Bee in Washington, DC, from May 22 to 27, awaits Caribbean contestants from The Bahamas, Jamaica, Puerto Rico and US Virgin Islands with longer rounds and harder words. And you should see the words they have this year!
May 24, 2016
When a little boy is denied access to the little girl’s room, within 24 hours the DOJ is holding press conferences and filing lawsuits. Over seven months ago I started making reports to the FBI and DOJ about an organized criminal enterprise that has stolen tens of billions from the American people.
May 23, 2016
NEW YORK, USA -- Holders of bonds issued by the Government Development Bank for Puerto Rico (GDB) on Friday filed an amended complaint in the US District Court in Puerto Rico challenging the constitutionality of certain aspects of the legislation passed in April and amended in May.
May 21, 2016
WASHINGTON, USA -- A group of small bondholders, Main Street Bondholders Coalition, has called on members of Congress to reject the updated Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), which was introduced by Representative Sean Duffy.
May 21, 2016
ATLANTA, USA -- At least 279 pregnant women in the US and its territories have been infected with the zika virus, more than double the number most recently reported, the Centers for Disease Control and Prevention (CDC) said on Friday. To gain a more complete picture of the impact...
May 19, 2016
The current political discourse in the heated 2016 electoral year gravitates around some simple, common-sense, yet grandiose ideas like making America great again through reviving trade, by recapturing overseas jobs (lost in favour of other nations, beneficiaries of globalization), and...
May 18, 2016
SAN JUAN, Puerto Rico -- On Monday, Democratic presidential hopeful Senator Bernie Sanders continued to establish himself as a populist advocate of the territory’s suffering residents as he campaigned in Puerto Rico, which holds its primary on June 5. "It is unacceptable to me...
May 18, 2016
There are a number of very good reasons that Congress cannot reach agreement on a Puerto Rico solution: 1. There is growing evidence that many of the bond losses in Puerto Rico were due to criminal fraud. 2. There is growing evidence that Treasury Department officials may have...
May 17, 2016
SAN JUAN, Puerto Rico -- The first case of a zika virus-related birth defect known as microcephaly has been recorded in Puerto Rico, according to the Department of Health in San Juan. This is also the first case of microcephaly linked to local transmission of the virus in the US.